This 2019 bubble was a "suckers rally" according to the Wall Street Cheat Sheet. So many people are smoking the hopium that they were able to pump it back up to 14k. They could've let it run, but that's no fun. When you're an Insider your job is to rek the suckers. And in the crypto world there's 10 suckers born every minute. The old suckers are getting shaken out before we break 20k and invite tens of millions of new suckers into crypto.
Here's a birds-eye view of what could happen if the Insiders are going to accumulate at the mean before we reach 20k again and they use the FOMO created by that event to take the price into the next bubble where they can dump their coins on retail traders heads at 100k or more before YET AGAIN reverting to the mean.
With SO MANY suckers buying tops, crypto is VERY profitable for those that can move the market.
Peace, Love, and Crypto, B166er
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My pink line was the bottom. Very profitable analysis.
By the way, you didn't really call the bottom. You just drew a pink line.
B166ERcrypto
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@kardia, Um, I have a pinned tweet from November where I announced that I believed the bottom to occur in Q42019. And then another tweet "calling" the bottom in December. I laddered longs all throughout the 6K region and have grown my bankroll over 50% since then. So yay for my pink line!
B166ERcrypto
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@kardia, The bottom occurred EXACTLY where my pink line converged with the parabolic adoption curve. So yes, I called the bottom and have the profits to prove it. You're very arrogant.
kardia
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@B166ERcrypto, you clearly didn't understand my point. And you have a lot of nerve calling me arrogant while boasting about calling the bottom. Do me a favor and stop responding to me.
kardia
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Sorry to rain on your parade, but nothing says it's impossible for the price to break that pink line and crash to 4k. Well, moon boys with outrageous expectations think it's impossible. But they don't count.
@ErikKelder, you clearly missed the point, likely because you lack experience trading and reading price action. I'm not a bear, but the way, but rather a voice of reason. But you are obviously a moon boy, which is why you can't seem to fathom the possibility of what I said. I think you should get out of the market. You are apparently not mature enough to be in this space.
kardia
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*I'm not a bear, by the way, but rather a voice of reason.
kardia
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@ErikKelder, and telling you I think you should get out of the market is not financial advice. You are free to do what you want. My point is people who are not open to the possibility of being wrong, have no business playing this game. One can't have an attitude like yours and expect to succeed in the long run. Such an attitude will eventually lead to financial loss. People who typically blow up their accounts are those who show such incorrigible characteristics in how they respond to people who know better.
B166ERcrypto
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@kardia, If you knew better, you'd be more bullish right now. I have outlined DOZENS of reasons to be bullish on my profile, and have profited handsomely from being open to bullish information even during the bear market. It's obtuse to say: "it's gone down for 6 months so I'll just be biased because of this one fact" without taking into account ALL information at hand.