Buzz this year

Is there any intelligent life in crypto land?

People have jumped in this space on the assumption that we are only goin up. This reminds me of a certain film and can be broken down using key character traits.

So we have the followers; not doing much, if any analysis for themselves. Instead buying on the hope that Bitcoin & Crypto can only ever go up!

This isn't helped by the type of influencers who shill coins in pump n dumps and scream in all of their video's - Bitcoin is going to 100k. We saw Cowboy's like M & M crypto, Moonzilla Carl, Plan Bee, C or D and the Rover of Buybits or Big boy! (none of the real names used for no reason at all) The list could go on and on!!!!


Unfortunate for many - these Potato heads have little between the ears.

So although it's how I wanted to stop my drawing, I decided to complete it for this post.

I've said for over a year now here on @TradingView that charts need to go down as well as up. You could see it coming from a mile away. Well, lightyears away to tell the truth! Using techniques like Wyckoff and Elliott (and I've covered these in education terms, here on tradingview) Might seem a little prehistoric, but human sentiment will not change anytime soon!!!


So sometimes a playful dinosaur like @Paul_Varcoe streaming, is worth listening too.

Instead of only UP, UP and AWAY!!! Moon clowns!

Look at their calls and buying each top. And what did we do?


Like I said above - this was mapped out over a year ago now and still playing it's game!


So chill out, it's only doing it's thing! Don't follow the crowd or listen to cowboy's! Enjoy the weekend!!!!


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.