Don't be fooled..... we are still looking for the bottom
It's been a while since i published something.
Main reason is i simply don't believe in TA or any form of graph fortune telling tools.
And yes al of the TA's and pro's will be right in one of there forcasts and brag about it.
Like to keep it very simple with just 2 lines and some very basic economics.
As long as we are:
- below the lowest line, don't even think about being bullish
- in between the 2 lines, nope i still don't think we are close to being bullisch
- above the top line, we might be in for a bullrun but it all depends on how we get there
The bottom will be a V shape.
This means we will drop very hard to somewhere between say 3K and 1.4K, we will stay there for a very short time (think minutes to hours and no way for days), after that we shoot way above the top line with big volume.
Why wasn't the last drop the bottom.
Yes we went down fast but we stayed there for to long and there was no boost to take is up after that.
In my opinion this market is very simple....... If we don't go up we will go down further.
These small runs up are just the FOMO boys fuelling the whales next selloff.
Just think of this, if you had 100 million and you decided not to buy on monday for 3K, why would you decide to buy on thursday for the same 3K price.......
The bottom is the instant the majority off fiat money decides the price is good to buy.
Nope this is not financial advice, it's just my personal opinion.
Main reason is i simply don't believe in TA or any form of graph fortune telling tools.
And yes al of the TA's and pro's will be right in one of there forcasts and brag about it.
Like to keep it very simple with just 2 lines and some very basic economics.
As long as we are:
- below the lowest line, don't even think about being bullish
- in between the 2 lines, nope i still don't think we are close to being bullisch
- above the top line, we might be in for a bullrun but it all depends on how we get there
The bottom will be a V shape.
This means we will drop very hard to somewhere between say 3K and 1.4K, we will stay there for a very short time (think minutes to hours and no way for days), after that we shoot way above the top line with big volume.
Why wasn't the last drop the bottom.
Yes we went down fast but we stayed there for to long and there was no boost to take is up after that.
In my opinion this market is very simple....... If we don't go up we will go down further.
These small runs up are just the FOMO boys fuelling the whales next selloff.
Just think of this, if you had 100 million and you decided not to buy on monday for 3K, why would you decide to buy on thursday for the same 3K price.......
The bottom is the instant the majority off fiat money decides the price is good to buy.
Nope this is not financial advice, it's just my personal opinion.
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