ralis24

Bitcoin - cycles of math and human nature

Long
COINBASE:BTCUSD   Bitcoin
If you watch enough YouTube video on crypto's, you get a sense of the market's sentiment. Because of it's relatively small size and as yet unproven technology, and low or non-existent mass adoption, it's prone to bouts of mood swings like a bi-polar meth head. One only look to the charts for a sense of calm. It's all in the math. I had a professor in university that said the closest we as humans can ever come to perfection is via mathematics. That said, Bitcoin went on a parabolic rip to set a peak on the Fisher Transform indicator rivaling the bull run that started in late 2016. You will note that during the bull market of 2017 the Fisher Transform levels came back several times to the zero through +1.5 levels. However, It never broke the zero line. Also in the bear market of 2018 that followed the Fisher Transform never broke the zero line to the upside. Currently the Fisher Transform is still extended over the +2.0 line and my guess is it will reach it soon enough and then most likely bounce as it did in early 2017. Nothing is obviously guaranteed but it would make sense. So no need to panic out there cyrpto peeps. Just chill and let the math play out.
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