Jucsik

Psychology behind horizontal lines, metal clamps and doomsday.

COINBASE:BTCUSD   Bitcoin
Hi! Thank you for dropping by! It feels like doomsday.
We did not move much during the last two weeks or so. But it kind of feels like doomsday. Not the kind of doomsday with panic and chaos. Yet...
Instead it's a doomsday when almost everyone hangs into her or his religion, and preaches about it spitting saliva. And waits for the last judgement.
There are the modests, who say that this is the natural way of life, in the end, you will see, it will be good.
And there are the extremes who say that we are going to unbelievable places, deeper than hell or higher than heaven itself. It's now or never.

We have fallen a bit. It happened quite fast again within a short period of time. The demigods decided to try this way and see what the sentiment is. This situation, just like a sword which declares judgement, has two sides.
The strangely good part is that we actually did not fall much. If you check the last two (or maybe three) weeks, this price was a desired one not so long ago. Not so long ago people were very happy about reaching this level.
Why are people scared and uncertain now (even the extremes, they just hide it ;) ).
It is because possibly most of us feels that this was a too sudden and too steep climb, made of long arteficial jumps. In my previous posts I already described my opinion about this, and what I believe can lie in the background.
It's like a cliff, we climbed so fast that we forgot to hit our clamps into the rock wall, and now when we are getting somewhat tired, we realize that we left just one or two clamps, and they are either loose, or quite far below us.

From my psychological perspective resistances and supports are not made of brickwalls that were there from the start, only because math tells us so. They are made of thoughts and actions.
These borders are where people sold or bought, alas, in most cases unsuccessfully. And now they are in loss, are stuck, or missed the opportunity. It's these things that wait behind resistances and supports.
And I think most people, even the megabulls could feel that this climb is somewhat unnatural, or I could well say, arteficial.
Why? Not just because the obvious sudden big pumps. But also because these pumps shot through expected resistances like a sharp knife goes through warm butter. A brickwall does not mean anything and does not stop you if you have a gatling.

But this means that the levels which should have supported us, the levels where people would now open the farmers market to chat and trade a bit again, those don't really exist. Not many of them anyway. As said, no security clamps on a steep wall.
When I ask myself, where would I buy? Where is the level where I feel in my guts in a calm and relaxing, warm way that yes, this will be good. This will be right. I am not certain at all. As marked on the chart, there are some areas where I feel I could rest a bit hanging on
a clamp, eating a chocolate, and continue up on the cliffside with refreshened power. But the ones that I would really trust that will hold me, those are further down, nearer to the ground.

I will continue with this psychological metaphor because I began to like it :) So many of us don't panic just because a little stumbling on the cliff while climbing. We just have to rest a bit right where we are, or take a step back to stand on a more secure rock. We won't fall.
But what happens if a demigod strikes a lightning (or a big red rod) into the wall which we are hanging on? There's nothing to do against it, we will fall then. First with panic, catching some stones which don't really hold, then with resignation, till we hit the ground. But we can't even see the ground too well.

It's not the technicals that lie behind this silent fear that's in the air. Many tachnicals are smiley and happy. Of course we have some grim ones as well now. It's the missing clamps in the wall, and that there is a storm nearby. Hope it doesn't come this way. I would either hit some giant clamps in the wall now, or be satisfied with my achievement (despite I planned to climb much further up) and find a safe mountain hut nearby. It's just too risky. I will reconsider when the clouds went by.

Be careful, watch the clouds, and eat a chocolate. And show a finger to the demigods. It's good for you.
Hugs to everyone!
Lavyaman!

PS: Please leave a like if you feel that it's worth it. I would feel utmost grateful and touched :,)
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