Fortune Favors the Brave - Yet another sign that a mania is mature.
Hyperbole is a useful word to know. Meaning, “exaggerated statements or claims not meant to be taken literally,” an example would be something like, “That cat is the size of an elephant!.” Hyperbole is used when we want to emphasize a point, mainly because of our conviction and belief in the subject being stated, and when we are very excited. It’s no surprise, therefore, that hyperbolic language is found towards the end of manias...read more
Fortune Favors the Brave - Fifth wave (Ponzi scheme)
Bulls make money, bears make money, pigs get slaughtered.
Remember, my goal is to stay in the game. The people who got wiped out by the crashes tended to be people who never took anything off the table, who never felt greedy, who got slaughtered by their own piggishness... read more
Ritchie_07
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The MACD tells us something different.
Ritchie_07
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@Ritchie_07: This was wrong! The MACD is in an neutral position.
Mohsen_Abbassi
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Thanks for sharing,
BTC has made a rising wedge before. If break 42.5k, could go below 40k.
Super_B_XinR
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The scenario in your chart is also likely to happen.