Textbook psychological stages... Check Twitter TradingView Reddit etc. Check comments in my ideas March to June 2019. Baited a few guinea pigs to get that content.
I will make a new idea for all time Bitcoin. I was using a "capitulation will come soon", but a new idea will be better. Will release it tomorrow, and link the important Milestones ideas in it. I will make an educational (free) website in the future and this will all go in it.
Now entering "Tremble before the might of Bitcoin puny mortal" stage... The skilled ones understand this is a game of probabilities. Could top at 20k, could top at 30k, could top at 99k (0.01% odds), nothing in between (if we get to 50k we will not stop there). But the highest probability one by far will be 13k. Maybe a little under just like 2017 bubble topped at 19700 not 20k.
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If this is the same as 2017 which is looking like it could... We should bounce in the next 2 days.
Watch how the herd reacts...
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It is so refreshing to know this bull market is over and we entered distribution. It would not suprise me if the price took ages to get back to 3000 and then stayed there a long while... Baggy market.
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Very interesting how certain people that called guys like me saying this was a sucker rally fueled by tether and were making calls to 100k and more and saying we are only at the very beginning of a new bull market are now starting to run for the exits.
As if they have bad memories from last bubble... As if they were spineless dishonest liars. As if I was right all along.
I will still get back at that and personally humiliate every single one I come across. They do not get to choose their timeframe "oh being short was stupid even thought price went down because after it went up I decided that was a too small timeframe and being bearish long term was wrong because emmm well it's getting late I have to leave". Cowards do not want to take the "I told you so's" but they are coming regardless.
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It won't take whole quarters for this to complete. Bitcoin should get back to the 3000 area by the end of October. Just 1 month.
I see those mini cycles all the time. I wonder if behind each of them there is a bunch of brainlets getting excited and claming "the bull market is back" and then going "buy the dip" "hold on" "weak hands have been shaken out"... I wonder how professionals behave. Of course there is no way it is as bad as Bitcoin but I guess the psychology is still the same.
I think it could likely look like this, more or less:
I'd like to show the chart of the railway bubble:
I think this chart is great.
Bitcoin could do something like this, with a "halving bubble" in 2020, then back to 3k, then new bubble to 45k. Then zero... Well, 3 digits at least.
I think Bitcoin, after probably bouncing on 3000, will go to $1000-1800, by early 2020, and then there will be yet another bubble, the halving bubble...
Rince and repeat...
The halving bubble could top at what was it, 4000 or something like that, but it can go lower or higher. Can't predict the future this much in advance with that much precision xd Right now what seems like the most probably top for the next bubble would be 3000-5000. Of course this will probably be chnaged by then, and even if not, that's what stop losses are for.
From 1000 to 5000 that's +400%, more than 2019 bubble. Bitcoin would be "best performing asset of the year" once again XD What a joke.
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I think we are at that anxiety little double dead cat bounce I drew.
Mate why u so salty? Whats with all the comments on the chart? What happened u shorted all the way up? What kind of TA is this? Texbook Market Cycles? What cycles? Lunar? Steroid cycle? Bicycle? What texbook has this? I wanna read it. Bet its fucking amazing.
ZoltanBalogh
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@CryptoCyberpunk, He actually did short all the way up... Sorry you didn't hear of the wall street psychology of market cycle. It is textbook.
CryptoCyberpunk
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@ZoltanBalogh, I heard about that but only street this psychology u can apply is street for homeless people :)
ZoltanBalogh
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@CryptoCyberpunk, This might have made sense to you, but not to me. Market psychology is the same everywhere, only timeframe differs.
MrRenev
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@CryptoCyberpunk, Hard bounce on $7500 with every one saying "back to normal" as predicted...
CryptoCyberpunk
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@MrRenev, Everyone was shorting again lol :) Nobody is saying back to normal , people are rekt from shorting it on the way up :) Reminds me at 3k bottom and a move to 6k :)
CryptoCyberpunk
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@CryptoCyberpunk, U still have money ? U did not lost it all ? Dont worry u will soon :D Lmfao
TEXAGG22
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You are great man. By far my favorite author on TV.
ZoltanBalogh
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@TEXAGG22, yeah, just read it as fiction or parody account...
harribatu
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@TEXAGG22, mine too. I wish I could meet him and ask his opinion about other more controversial topics that can not be reflected with words in any forum. :D