Where we are now and what BTC will probably do
It is important to understand the following. BTC hates you. Yes, it hates you, every single one of you. And it tries to destroy you, wherever it can. When you're long, it dumps. When you're short, it pumps.
Why does it do this? Because whales play us. They can play this low volume market easily, and play the market contrary to what the mass of people do.
So I've noticed yesterday how the long/short ratio on finex was spiking. Everyone including his mother apparently went long. What does BTC do? Of course it dumps.
When the longs are killed now, and everyone including his grandpa go short, then it will pump.
The situation where we are now is very similar to late 2014/early 2015 in the last bearmarket, visualized by these fractals.
Here, after the local low, it went down again to the 0.618 fib support area.
And then suddenly, when everyone probably expected the next low, it spiked like crazy.
I assume we'll see something similar.
Then many people will turn bullish, and of course BTC wants to destroy them with the ultimate low around April.
That is my mentality: BTC hates me, and you. Therefore I try to think like: What would be the shittiest thing to happen? And that's what BTC mostly does. Not always, because as we know BTC
is a probabilistic system. But you get the idea :)
I am short term short, but will switch to long soon. Then short again for the final dump.
Why does it do this? Because whales play us. They can play this low volume market easily, and play the market contrary to what the mass of people do.
So I've noticed yesterday how the long/short ratio on finex was spiking. Everyone including his mother apparently went long. What does BTC do? Of course it dumps.
When the longs are killed now, and everyone including his grandpa go short, then it will pump.
The situation where we are now is very similar to late 2014/early 2015 in the last bearmarket, visualized by these fractals.
Here, after the local low, it went down again to the 0.618 fib support area.
And then suddenly, when everyone probably expected the next low, it spiked like crazy.
I assume we'll see something similar.
Then many people will turn bullish, and of course BTC wants to destroy them with the ultimate low around April.
That is my mentality: BTC hates me, and you. Therefore I try to think like: What would be the shittiest thing to happen? And that's what BTC mostly does. Not always, because as we know BTC
is a probabilistic system. But you get the idea :)
I am short term short, but will switch to long soon. Then short again for the final dump.
Commentaire:
This here might be the short term reversal, slowly leading up to the spike, corresponding to the spike at 475 USD on 13th of Nov 2014. It could top out at 5200, or something like that.
Commentaire:
It takes more time to unfold and probably wants to dump again to 3400 area on finex. Probably because it wants to follow exactly the black line I drew XD
Commentaire:
BTC, what are you doing? You should stick to the lines I drew!! The breakout to the upside is a few days too early :P
Ok joking aside, let's see, this could finally be the beginning of the upswing to 5000.
As I said, the weekly needs to go to overbought territory, it hasn't been there in over a year, which never happened in BTC history before. It needs to go to overbought in order for the next dump wave to be strong.
The whales know how to play this, hehe.
Ok joking aside, let's see, this could finally be the beginning of the upswing to 5000.
As I said, the weekly needs to go to overbought territory, it hasn't been there in over a year, which never happened in BTC history before. It needs to go to overbought in order for the next dump wave to be strong.
The whales know how to play this, hehe.
Commentaire:
I'm pretty sure this was the low. Now let the pump to 5000 begin:
