Hi fellows!
This post is not about technicals, I am not good enough in that to post about classic TA when there are some unbelievably talented analysts here. My post is about psychology, that one I am rather good at.
I was wondering about what I should do if I had a lot of money. So much money that I could buy a large load of bitcoins. So many bitcoins that my moves would be clearly visible on charts. And so much that it would not only be visible, but it would influence as well. Maybe it wouldn't be only me, maybe I would collect some like-minded fellows with large amount of money to have more influence. What would I do then?
I started thinking from before the large drop not so long ago. Before it, we had a long flat period. People did not want to buy just by themselves, right?
I would try to give a starting kick and see if people eat it, and start buying. After a few little starting kicks I notice that people are not convinced, they sell immediately. They don't believe that this is the bottom, they want to have a more obvious one to begin buying. Lets give them one.
Lets sell together fellows, lets sell a heavy amount till price drops below the floor. Lets leave it like that so people will believe that it has fallen enough. They begin to say that the bottom is likely in, for various reasons. Lets leave them to play TA for a while. They obviously did not notice that its TA is not so precise in an unregulated market that can be influenced. So lets do things in a somewhat TA compatible way, okay? Right. Now, there are those who say that it will go to zero. But obviously, come on... That would technically be bad for us as well. You know, mining, etc. Dummies.
Noone says moon right now. Just a flat sideways movement likely around the bottom. Most of them really believe that this is the bottom, but they are scared. They would carefully begin to buy, they just need a little kick now. Lets give that kick, but carefully, just a little bit, lets see if they really get on the hook.
Green spike. Yes they believe it, they eat it. They buy, not too bravely, but they buy. Lets help them buy more. Lets give another kick. Green spike, they are buying more bravely now. Another green spike. Whohoooa! This plays out well guys! Cheers!
Green spike, oww they don't buy so much as before. They begin to think that this is too high, at least a part of them. They say that TA indicators are totally crazy, symmetry and fractals and stuff are breaking. Are they really doing this stuff? Anyways. We shouldn't let them convince people with that nonsense, they shouldn't buy or sell according to that. Lets give a green spike again. Indicators broke, they seem to be more and more worthless by the day arent they? Why can that be? Because it will be different this time right? Ohoooo poor bastards. Have you seen fellas? Posts appear about even permabears are buying, they don't want to miss the train! Euphoria. Spike. Than comes an area which appears heavy even for the euphoric ones, round number, large round number.
Lets see if they eat the spike again and start buying like crazy.
Hm, they don't buy that much. They even sell a bit more. Fellows, they are not so convinced now that we have this large number around, this rally might have been too much, too much and too fast. Almost unbelievably. Should we try a new green spike that breaks the large round number? Will they still believe that this whole nonsense is totally natural, and that its different this time? Will they forget all technicals, have we convinced them that much? What is our risk reward ratio now?
Or... should we take our well earned money now and begin the same all over again at lower levels? Maybe they need another bottom to be totally convinced, and a slower rally to calm down and discuss that yes, it unfortunately was not different this time...
What do you think fellows?... What should we do?
OMG HOW IMPORTANT DISCLAIMER!
I am 100% sure that I have no chance to know what big fishes think. It's just my brainstorming.
This is no trading advice. Wait... there was absolutely no advice in my post. It's just a dreamy children's tale. I could give it a title. Eg. "If I was rich enough to influence markets...".
Then I would not care about making even more money I think.
Oh well.
Hugs to everyone!
I wish great luck to all of you, and I wish that you will take money from big fishes.
You deserve it more ;)
This post is not about technicals, I am not good enough in that to post about classic TA when there are some unbelievably talented analysts here. My post is about psychology, that one I am rather good at.
I was wondering about what I should do if I had a lot of money. So much money that I could buy a large load of bitcoins. So many bitcoins that my moves would be clearly visible on charts. And so much that it would not only be visible, but it would influence as well. Maybe it wouldn't be only me, maybe I would collect some like-minded fellows with large amount of money to have more influence. What would I do then?
I started thinking from before the large drop not so long ago. Before it, we had a long flat period. People did not want to buy just by themselves, right?
I would try to give a starting kick and see if people eat it, and start buying. After a few little starting kicks I notice that people are not convinced, they sell immediately. They don't believe that this is the bottom, they want to have a more obvious one to begin buying. Lets give them one.
Lets sell together fellows, lets sell a heavy amount till price drops below the floor. Lets leave it like that so people will believe that it has fallen enough. They begin to say that the bottom is likely in, for various reasons. Lets leave them to play TA for a while. They obviously did not notice that its TA is not so precise in an unregulated market that can be influenced. So lets do things in a somewhat TA compatible way, okay? Right. Now, there are those who say that it will go to zero. But obviously, come on... That would technically be bad for us as well. You know, mining, etc. Dummies.
Noone says moon right now. Just a flat sideways movement likely around the bottom. Most of them really believe that this is the bottom, but they are scared. They would carefully begin to buy, they just need a little kick now. Lets give that kick, but carefully, just a little bit, lets see if they really get on the hook.
Green spike. Yes they believe it, they eat it. They buy, not too bravely, but they buy. Lets help them buy more. Lets give another kick. Green spike, they are buying more bravely now. Another green spike. Whohoooa! This plays out well guys! Cheers!
Green spike, oww they don't buy so much as before. They begin to think that this is too high, at least a part of them. They say that TA indicators are totally crazy, symmetry and fractals and stuff are breaking. Are they really doing this stuff? Anyways. We shouldn't let them convince people with that nonsense, they shouldn't buy or sell according to that. Lets give a green spike again. Indicators broke, they seem to be more and more worthless by the day arent they? Why can that be? Because it will be different this time right? Ohoooo poor bastards. Have you seen fellas? Posts appear about even permabears are buying, they don't want to miss the train! Euphoria. Spike. Than comes an area which appears heavy even for the euphoric ones, round number, large round number.
Lets see if they eat the spike again and start buying like crazy.
Hm, they don't buy that much. They even sell a bit more. Fellows, they are not so convinced now that we have this large number around, this rally might have been too much, too much and too fast. Almost unbelievably. Should we try a new green spike that breaks the large round number? Will they still believe that this whole nonsense is totally natural, and that its different this time? Will they forget all technicals, have we convinced them that much? What is our risk reward ratio now?
Or... should we take our well earned money now and begin the same all over again at lower levels? Maybe they need another bottom to be totally convinced, and a slower rally to calm down and discuss that yes, it unfortunately was not different this time...
What do you think fellows?... What should we do?
OMG HOW IMPORTANT DISCLAIMER!
I am 100% sure that I have no chance to know what big fishes think. It's just my brainstorming.
This is no trading advice. Wait... there was absolutely no advice in my post. It's just a dreamy children's tale. I could give it a title. Eg. "If I was rich enough to influence markets...".
Then I would not care about making even more money I think.
Oh well.
Hugs to everyone!
I wish great luck to all of you, and I wish that you will take money from big fishes.
You deserve it more ;)