F it. I'm calling bottom now. Bear cycle ended last correction wave, new early stage bull cycle just started.
What can you eliminate?
1) Nobody ever calls the bottom correctly. (except me) 2) If they are wrong; then you know what the BOTTOM IS NOT. $5800, $6000, $7000, No. 3) Those following the 2014 bubble crash by over-laying it with the current crash have the timing wrong on it. We are accelerated and past many milestones you are missing because they are 100% TA and not a hybrid, balanced TA/Human Psychologist/Price Action trader.
1) Nobody (except me) is calling this the bottom right now. 2) Those same people think we are going to keep dipping and dipping, and think every run will have a crash dip. They will keep missing an entry until they realize Bitcoin is above 11k and they missed their 8k entry due to fear. 3) Don't be the herd. Sorry guys, but every analysts on TV is part of the herd. They are just the leading sheep in the herd. The herd aka 100,000+ daily viewers follow the leading sheep.
Most people miss their entry because they miss the hidden signals on the bottom. Here are the hidden signals nobody with TA can ever, ever point out.
1) Nobody would pay $.27 to construct a quarter. 2) Bitcoin is at breakeven price for miners. Nobody is going at loss. No one is paying a 1 Bitcoin to create 1 Bitcoin, especially when that 1 Bitcoin can likely be much less. 3) Only one time this happened.. back in January 2015 aka the end of the 2014 market crash. 4) I watched price action all night at $7,600 range and I saw big time trading bots switch from bear mode to bull mode. I've timed many many bottoms, and this was the craziest thing I ever saw. 5) Big, smart, calculated money will be coming into the market here shortly.
MY FINAL THING: GIVE ME SOME FREAKIN' CREDIT IF YOU SHARE THIS.. DON'T MASH WHAT I JUST SAID AND SPREAD IT AS YOUR OWN GOSPEL, OTHERWISE I AM NOT SHARING MY INSIGHTS ANYMORE. I AM THE ONLY PERSON WHO RECOGNIZED AND FOLLOWED THESE HIDDEN SIGNALS AND I FINALLY DECIDED TO SHARE THEM. YOU CAN SEE MY NAME, MY INSTAGRAM, MY TELEGRAM, ETC.
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Oh... I made the Popular page. So all you need is a controversial and click-baity title? That's the secret?
Let's address something real quick:
1. Trading is psychology first, charts and TA to confirm.
2. Everybody and their mama says "buy when people are fearful".. BUT saying it is a lot easier to than to actually DO it. Most people can't even see it because their mind is too clouded.
It is extremely simple, don't over-complicate things.
- "people are fearful" = everybody all the sudden calling for more drops. Take a simple look at TV, its very apparent 95% are calling for drops. The honest truth is; when you are at the bottom, the amount of short contracts go up. It's the same exact thing that happens when people buy at the top of a pump (most people). They short the bottom. Very simple, it's clockwork, you cannot escape human psychology and emotion. FOMO goes both ways. Everybody is shorting now because of FOMO.
- "buy" = Was it hard for me to place a 25x margin long at $7,774? You can bet your butt off it was,.. It takes big major balls to go against the grain when you clearly realize what is going on in people's minds.
If someone is mad or angry at this, it's because they are losing on the wrong side of the trade.
TRADERS MAKING MONEY ARE NOT ANGRY. Let me say this again: TRADERS MAKING PROFIT ARE NOT NEGATIVE.
Now, with that said: If you are lashing out or letting your anger show in some way or fashion in my comments or anyone else's comments; you need to give up on trading.
Good traders trade with no emotion. They have great self-control and self-awareness to realize what emotions they may be experiencing, recognize the root cause of it, and zig zag out of it.
If you are in someone's comments on TV, I can almost guarantee you that you will not win in the long run because trading is simply a MIND game. It's a self-mind game. No one is beating you but yourself. You make one bad call, let emotions over-whelm you and control you which makes you try to do a desperation move "recovery" trade which only puts you in the hole more.
Again; I can read the herd like a book; that's why I am good at trading. Your win to loss ratio is terrible.. but it's a zero sum, so someone has to lose in order for guys like me to win.
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In addition to hidden signals; let me tell you on another one I use.
What is this current thing the market is going through right now? It's called a CORRECTION.
Now.... I think people are skipping over the meaning of that word. What is a CORRECTION? It means that something "bad" happened that shouldn't have and it is merely returning back to a more "normal" state.
So......
People are calling for 5k, 6k, etc. by JUST LOOKING AT CHARTS and nothing else. Bad move. Again, charts are just past data on what happened from human psychology. It doesn't tell the future. You know what does tell the future? People.
For example; let's say we are driving a car behind someone. If you are reading charts; you are looking for that person ahead of you to put on their turn signal before they switch lanes. Me: I look for that person to look in their side mirror before they ever concluded that it was okay to switch lanes and then to turn on their turn signal to display their decision and future move.
NOW... how do we relate this back?
It's not what the charts tell you. It's what is a CORRECTED PRICE? It's not 5k.. the market was fine. It was not out of control. It was "normal" (whatever normal is for crypto lol).
At what price did things get "CRAZY"? At what price did FOMO first start trickling in? At what price did you start seeing Bitcoin pop up on the news? At what price did the gramma who facetimes you with only their forehead showing on the screen because for some reason old people don't know you need to fit your face into the screen?
That is what you trade based on... Things got crazy at around 7k. When we went from 6k to 7k; it was "normal". Everything from 7k to 8k then to 9k was a blur, a flash.. it was when things FIRST began to spiral "out of logical control". That sir is what needs erasing and "CORRECTING" out of.
Anyways; thanks for all the compliments and stuff in the comments.. I don't have much time to respond but THANKS! And the negative ones... well, you should probably work on: Controlling your emotions or you will continue to be on the wrong side of a trade or market movement. Step number 1 being at least not to "lash out" your negativity lol. Be strong.
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One other thing: I trade with zero emotion and zero pride and zero shame.
If I am wrong; I will just close my long at 200% profit gains. Simple. Do I look like an idiot on TV? Maybe... but one cannot say my point of views for my argument were solid. However, at the end of the day: I would make Massive profits no matter if I am wrong or not.
That is the key to trading. You don't have to right or wrong. You just need to make profit.
The age old "bulls make money, bears make money, pigs get slaughtered".. If you're arguing about what whether a prediction is right or wrong.. I need you to zoom out on your chart... now zoom out even more to week candles.. now zoom out to month candles... now zoom out away from your computer... now zoom out of your house... now zoom out into a quiet place far away from your house... and think:
You are being a Pig. Grab your profits and go. Rinse, repeat. This is what we mean by "trade with no emotion".. right. wrong. Who cares? I'm richer more today than I was yesterday.
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NOW... If you know me, follow my Instagram @Graph or my Telegram, then you know I am known for making some bad a** predictions calls on breakout coins. LTC, XRP, TRX, XVG.. I gained over 5,800% on total portfolio in December without any margin lol. Your favorite trader? Probably did 300%.. who can't do 300% in a full bull cycle?
Anyways; what I am saying is this: XRP IS GOING TO F'ING EXPLODE IF WE ARE INDEED AT THE BOTTOM.
If somehow that I am miraculously right that this is the end of the bear.. XRP will be my first coin to sit in... Why?
1) Big, smart, calculated money really, really like XRP.
See... there's 3 parts to what makes up the market cap. Us & holders,.. big smart money,... and fomo retail traders. We are obviously already in the market with our money... what we need is the big smart money to come in.. that will eventually trickling in the fomo traders..
2) Now... why does Big, smart money like XRP?
Because it was their FIRST LOVE. Big calculated money came into the true "alt" market for the first time in the last cycle. Very evident when CNBC airs things about how to buy coins that aren't available on Coinbase lol..
Anyways... XRP exploded. It made money for those big, smart guys. You always return to your FIRST LOVE.
Is it a real blockchain? Who gives a shat. We trade with no emotion. People love the bank brown-nosing coin.. and I love the profits it gives. Done. Deal.
Trade closed: target reached
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Closed 25x long from $7774 to $8400. 201.31%.
Does this mean I gave up on $7660'ish being the bottom? Not really. I'm just not being a pig. Greed gets you killed.
Here's the main point: You have perma-bulls turning into whimpy bears, switch swatching every which way the wind blows.
Now everybody is on board about the 2014 bubble emotional cycle crash and following it like textbook. What I am saying is that this is not following the 2014 bubble crash anymore but rather following a 'continuation parabolic bubble crash'. Similar to 9/17 and so on, where the crash does not take us to 3k, 4k, 5k, or even 6k.
If we drop below $7660; it will still stay above 7k. Do we go through a short term "depression" with low volatility stage? Sure yes, every "correction" does.. but it's not going to last months or weeks.. it will be a matter of days.
Now... do I care if I am right or wrong? NO lol. I already just did 200% on my entire portfolio in two days. In a mixed market. That's skill.
SO... if you are not right or wrong about the direction of the market; how are you going to trade going forward?
How will I trade, you ask? I take into consideration NON-TA stuff and I come up with my conclusions then.
Case in point; you have a critical event coming up next week. The G20 summit where they will discuss crypto. There is a very clear descending triangle (just like Sept 2017) that the trend is bouncing inside.
Crypto around G20 typically respond in an initial dip followed by a pump.
The end of that triangle lines up with that date. NOW... from a TA standpoint; we also have the biggest bull'ish divergence I've seen in awhile with both RSI and MACD from the 4hour candles.
Where does that leave me? That leaves me out the market. That's what a smart trader does. I rode the entire descending triangle down with a big a** short; I rode a wave up with a big a** long, and now I sit back and let the market decide where it wants to go.
You DO NOT trade in mixed signals.. which is what the bottom of that descending triangle will be. However; from my "analysis" I do believe this is a parabolic continuation bubble crash so we break up and north from there.
And guess where I will be sitting?
Again; I trade with ZERO emotion. I don't care if I'm right or wrong. Do I care about people following me on TradingView? No lol. Will I look like an idiot for making a wrong call? Sure. Is my wallet much fatter than it was yesterday? Here hold my grilled lobster sandwich while I check my phone...
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p.s. - NO. You should NEVER, EVER trade with margin higher than 5x. I don't care how good you are. I just got lucky and I was feeling myself, so I went with it. But I typically would stay much more conservative.
I also want to point this out; getting entry locked in on a high margin long or short is extremely hard. It is stressful af and you WILL NOT get any good sleep. It takes several tries. Now, me, I am able to usually get out of a bad entry at break-even.. others, not so much.
If you do not know price action and have a finger on the market in more than just TA; you WILL GET REKT margin trading.
The fact that 95% of charts on tradingview are bearish and call for a further drop also makes me think that we have reached the bottom.
Spadille
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@FlaviusTodorius67, Charts have been bearish for a while now bud, and BTC has continued to tank. It's funny how often I see this comment being made and constantly being wrong.
MeroviusCapital
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Wrong =)
Delete your account, re-create one with a new name and try to call the bottom closer to the end of April.
Hi,
On your TA from 9th of March you give a Btc Usd target of 5.000$.
What made you change in 1 week your target so much by thinking we are bottoming right now lol.
Could be possible of course but i doubt, your 5k target still could be valid
MeroviusCapital
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@Giorgioversace, Trading is all about changing ones mind, Bitconnnnnnnnneeeeeect!
@Giorgioversace, great question! So I rode most of the dips down in shorts.. and like @MeroviusCapital mentioned, things change. Well... specifically... people change.
I realized that more and more people were calling for more drops. The perma-bulls were turning into bears. This was my very first sign to get out of bear mode. I started browsing around.... and viola. =)