Bitcoin in a few weeks in "despair". Maybe until March 2015

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
Too much hope is lost. Back to despair:
this is filling in nicely. Did you trade this?
ChartArt Douglas-Squirrel
Parts of it.
Seven days ago you were saying we were on our way to the moon. How are we supposed to take any TA seriously if you change your mind every day?
rivet.popper rivet.popper

The flight is on schedule according to your previous chart.
ChartArt rivet.popper
You have to be aware that the chart is not updated anymore by Tradingview, because it is only a 30min time-frame chart.
ChartArt rivet.popper
That was the trend until yesterday. If you want to make money you have to be flexible and follow the current - the new - trend and not the trend which was so nice until it makes you broke.

Too much people bought the price up way too fast. My expectation was that this uptrend is much slower and therefore lasts for weeks from January to March. But people overbought the trend. The price was getting too expensive too fast. You can think of it like a car where we ran out of fuel, because we drove as fast as we could instead of driving slower to save fuel for a longer distance. Or you can think of it like running. We ran so fast that we now need a break. And we ran much faster than I expected.

As you can see here ( and here ( we reached those targets on the top already. So the new trend is the other direction.
+3 Reply
SunnyBTC ChartArt
Well put. I totally agree, we played right into the hands of the whale traders. Over emotional and over reactive
thanks to
we went to the lunar and crashed :D
Hopium ™ Coinbase lunar landing ended up in wreckage
+2 Reply
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