BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
12467 49 134
Had to post this!

I am sure many are familiar with this idea
Comment: Haha I love the hate this is getting.
Comment: Like this trade?
Join my telegram channel and get my trade alerts for altcoins
https://t.me/joinchat/AAAAAEhtfF3y407ShM2I8g
Comment: My chart from 3 years ago predicting the end of the 2014 Bubble

Comment: Bull Trap Complete we have "returned to normal" Onward!
Comment: Caution Ahead in your bitcoin and altcoin trades: It looks as though my idea is working out so far, be prepared for it to continue to work out. The way to derisk is to close/reduce all of your positions and hold in something safer like USDT.

Successful trading is not about picking a side and sticking to it. It is about knowing the possible outcomes and the probability that they will occur. Open your mind to my idea, and be prepared for this possible scenario that it may come true.
Comment: And so begins the fear
Comment: Capitulation
Comment: We have entered into Despair

ANY UPDATE?
Reply
TheChasm fboucobza
@fboucobza, I'd say this chart is retired... and I aimed just a little too low for the "despair" and we bounced off the mean line I drew.

Now it's just a battle to see if we can break 12k and 13k.
Reply
What do you think now? Are we out of despair? Is it a dead cat? With all the moon and lambo calls again... I mean the volume was/is pretty significant but is this what people call a real bullrun?
I am still new to all of this and appreciate any feedback!
Reply
TheChasm SeferCrypt
@SeferCrypt, No change in what I thin now. 2 green candles doesn't mean anything in the grand scheme yet. We need more time to get confirmation of anything. Bull and bear are relative terms. It depends The Frame/time scale
Reply
amazing job, congrat again!
using data from Jan-Jun, 2014, doing some rough extrapolation, I think the bottom might be even as low as 3.5k, not necessarily, but possibly
Reply
that bull trap is actually a bear trap. return to normal = bull trap
its playing out perfectly, well done
+1 Reply
Bottom at 4000?
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now bouncing from 7600, will still go to blue trend line? please update, thankyou.
Reply
TheChasm prasetyayudamanggala
@prasetyayudamanggala, The main takeaway from this chart is is the concept. I never planned for the "blue line" to be super accurate.

I would follow my other chart ideas if you are interested in where I think the bottom is such as:
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