ok, let's make a deal; $10.500 it is!
yes, we're in the new bull run, but that doesn't mean we're going to peak to 100k in a matter of months ... no, we're going to peak to 250k, but in another 2-3 years ... chill out already!
Yes, I know, I've been wrong all the time so far, but that's just fine, because if I'm wrong on this one as well I will make my conclusion; I'm the perfect counter indicator, which makes sense; I'm a very rational person, but people as a collective tend to act rather irrational, so I'll keep posting my rational ideas, to then trade the exact opposite of my own ideas; that works for me ... but ... wait and see, because we didn't reach
12K yet, as that's what's needed to come to this conclusion, so ... let's wait and see ...
All this time I've been calling for a massive correction, and I still am; it's just that I'm willing to move that top higher and higher ... and why? Because we need to see a new low first, we need a confirmation, but the only way to know if it's indeed the new low, is by waiting for the new high ... that's the rule, right?
please, feel free to correct me if I'm wrong about this, but give me a like if I'm right; first a new low, then a new high and then the fund manager are going to start buying ... right? ;-)
because as long we didn't see that correction, it might still drop below 3.2k; that's why it's so important to wait for the confirmation first.
I think it becomes more and more unlikely that it would indeed drop below 3.2k, but it's not impossible ... we can't say for sure; we first need to see that new low, followed by a new high and no, that 1 little drop from 8.400k to 7k is not going to do it ... there are still so many people waiting on the sidelines; I'm just 1 of them
we need to see that major correction first; once we've seen that AND then a new high ... only then we will see the type of bull run people expect to be happening now already.
I'll give the bulls $10.500, no problem ... but there's just no way we'll break 20k without a absolutely massive correction ... I can't even consider it.
I'm pretty sure that all those pension fund managers are thinking the same thing, maybe wait a bit more; textbook rule; first a new low, then a new high, we need that confirmation first, because as long we didn't get that ... it could still drop at any moment!! that's why that rule is so important!
let's assume we hit 10.5k and then a drop of about 40% to 6.5k and then we go up again to 11k ... yes, what I'm saying is that it's better to wait and buy at 11k than any other time in between ... if you want to play safe !!
and maybe you don't mind to take a gamble with your $1.000-$10.000, but to think that the fund managers are going to pour in billions and billions without that confirmation ... no, that's just not going to happen; we need to see that correction first, then the madness can start
but ... well, maybe I'm just in disbelief ;-)
if so ... fine; hope and optimism is next ... you know, right after the next correction ;-)
Yes, I know, I've been wrong all the time so far, but that's just fine, because if I'm wrong on this one as well I will make my conclusion; I'm the perfect counter indicator, which makes sense; I'm a very rational person, but people as a collective tend to act rather irrational, so I'll keep posting my rational ideas, to then trade the exact opposite of my own ideas; that works for me ... but ... wait and see, because we didn't reach
12K yet, as that's what's needed to come to this conclusion, so ... let's wait and see ... All this time I've been calling for a massive correction, and I still am; it's just that I'm willing to move that top higher and higher ... and why? Because we need to see a new low first, we need a confirmation, but the only way to know if it's indeed the new low, is by waiting for the new high ... that's the rule, right?
please, feel free to correct me if I'm wrong about this, but give me a like if I'm right; first a new low, then a new high and then the fund manager are going to start buying ... right? ;-)
because as long we didn't see that correction, it might still drop below 3.2k; that's why it's so important to wait for the confirmation first.
I think it becomes more and more unlikely that it would indeed drop below 3.2k, but it's not impossible ... we can't say for sure; we first need to see that new low, followed by a new high and no, that 1 little drop from 8.400k to 7k is not going to do it ... there are still so many people waiting on the sidelines; I'm just 1 of them
we need to see that major correction first; once we've seen that AND then a new high ... only then we will see the type of bull run people expect to be happening now already.
I'll give the bulls $10.500, no problem ... but there's just no way we'll break 20k without a absolutely massive correction ... I can't even consider it.
I'm pretty sure that all those pension fund managers are thinking the same thing, maybe wait a bit more; textbook rule; first a new low, then a new high, we need that confirmation first, because as long we didn't get that ... it could still drop at any moment!! that's why that rule is so important!
let's assume we hit 10.5k and then a drop of about 40% to 6.5k and then we go up again to 11k ... yes, what I'm saying is that it's better to wait and buy at 11k than any other time in between ... if you want to play safe !!
and maybe you don't mind to take a gamble with your $1.000-$10.000, but to think that the fund managers are going to pour in billions and billions without that confirmation ... no, that's just not going to happen; we need to see that correction first, then the madness can start
but ... well, maybe I'm just in disbelief ;-)
if so ... fine; hope and optimism is next ... you know, right after the next correction ;-)
Note
PS: it starts to look like a fake out ...Note
still in playNote
I must admit, I didn't expect the fomo to be this strong, so I'm considering the possibility that it might indeed run up all the way to 100k and soon, which a lot of people think would be a good thing, because they don't realize that if that were to happen ... we'll have a extra long 4-5-6 years bear market after thatit shouldn't be too hard to figure out that as long bitcoin is not more convenient to use than paypal ... this is fomo and nothing else; fueled by leverage trading = fractional reserve lending and tether = counterfeit currency printing, not actual demand
Note
yes, I'm going to say it; although it might have seen as if I was wrong all of 2019 ... turns out I was 100% spot f'ing on all that time !!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.