CastAwayTrader

BTC Choo-Choo train is departing the station, next stop is 5,000

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I can only repeat what I wrote in my last update:
"We have enough micro waves to consider that wave b down complete. My minimum target for the rally in wave c of i is 5,000"

Comments

Poo-Poo train is leaving the station....next stop 3000, ;-). Sorry, I couldn't resist.
+2 Reply
Choo Choo ;)
+1 Reply
I wouldn't "count your eggs before they hatch" as the saying goes- plenty of evidence for the contrary to occur....just saying.
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Kgear117 W3rN0tAl0n3
@W3rN0tAl0n3, I'd go look at his history and then today's charts.
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W3rN0tAl0n3 Kgear117
@Kgear117, Not looking too good there bud, ;-). I think the "choo-choo train" could be delayed, lol.
+1 Reply
CastAwayTrader W3rN0tAl0n3
@W3rN0tAl0n3, ha ha ha. As you can see on my chart the previous low did not touch my green target box located in between 3,529 - 3,427 - 3,364. This morning drop has finally tagged it. It can get deeper inside the target box without invalidating my count. I would be happy to add to my GBTC position.

+1 Reply
Kgear117 W3rN0tAl0n3
@W3rN0tAl0n3, You just standby buddy, watch. lol
Reply
W3rN0tAl0n3 Kgear117
@Kgear117, well sure, you "standby" long enough of course it will go up, that's how markets work...up, then down, then up, then down. My point was that this last call was wrong...it was NOT going up, it was not going to 5k, and truth be told, even though we could start moving up soon (I'm skeptical), we aren't going to 5k- mark my words...buddy, ;-)
Reply
Kgear117 W3rN0tAl0n3
@W3rN0tAl0n3, I knew you would be that sort of trader, it could hit 4950, and you would be like "OMG SEEE NOT 5k". ROFL.
Reply
CastAwayTrader W3rN0tAl0n3
@W3rN0tAl0n3, there is a big problem involved in making such a strong statement like "it is not going to 5k". And the problem is that when you say that publicly you put your social status at risk. Starting that moment you stop caring not about your trading but rather about validity of your call. Because what our brains really wants is elevation of our social status. If market follows your prediction you will feel yourself smart and happy even when you did not buy. If we make a prediction on public and it gets busted we feel pain as if it was physical pain. Because you believe that your followers would not longer value you as an expert. In contrast, if we point to somebody's else mistake we also feel better because the fact that you spotted mistake in somebody's else prediction makes us feel smarter.
Sometimes when you understand shortcomings of your brain and how it functions you do not longer get angry when people do "questionable things.
+1 Reply
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