Crypto logic. To the moon! \(°0°)/Time for celebration for me! After 2 dead months in the Forex market (I could have made progress but I did not know it well enough), the USD finally broke out of consolidation (no fakeout please), and activity is finally going to be back. I have no reason to trade crypto now. I only traded crypto this summer because I had a hard time finding setups.
Now, let me put crypto back where it belongs: a low profitability dead market.
BUT, there is one point to crypto, and that is to amuse us :)
The crypto cult is one of the dumbest the planet has ever seen, they are worse than flat earthers, and since we cannot help them anyway, might as well use them for our enjoyment right?
Hence, to celebrate, let me start an idea about idiotic crypto 'logic'. Here I will regularly post idiotic ideas from the crypto fans.
Even thought the 1rst one truly is the ripple one posted here, let me inaugurate this post with this:
"This 18 year old bought a few Bitcoins when he was 13 years old.
Let's go to a conference so he can explain to us what finance is."
www.cnbc.com
gizmodo.com
19 now, he must be much more experienced.
This mastermind flies jets apparently, and with part of his 3 millions, he built an ... octopus ... suit...
www.digitaltrends.com
You can't make that shit up. Oh my, his "fortune" is going to disappear so fast, and it's going to be so funny when we see him working at macdonalds.
Baghodlers
Crypto spam box 6. Whales have 5 weeks left to cash out.Warriors Bitcoin started moving Aaaaaaaaahhh I want to fight!
Want to know why 2018 looks like a copy paste of 2014? Self fulfilling prophecy.
The whales that went throught a bear market know what to expect. With or without them it will happen, but since they control half the supply and have this past experience, their actions follow what happened last time, just like all the crypto guru's that joined in 2017 keep calling for BTC bottom because "it always goes up" and that's all they know. Like Pavlov dog experiment... Pretty depressing than most human beings are no smarter than dogs but whatever I'm used to it now.
For the whales thought, following a path just like 2014's is the least risky choice.
I set short orders in the first box around 10300, I feel this is riskier than usual lol.
The whales are trying to cash out and they'll push the price if they have to to be able to do so. Today we saw a large move up with no volume.
They don't even need to risk that much to push the price.
In june (mid or late we will see) I will enter shot positions with great confidence, but until then it's rather risky and have to be babysitted, I'll have to take profit and always be careful the price doesn't move back up hard while I'm looking away.
10300 is a good short area for me for several reasons, they are secret. Ok it's a monthly level and there's some fibo's that are there.
+ RSI getting high.