“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Sir John Templeton:
''Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. ''
''If you want to have a better performance than the crowd, you must do things differently from the crowd.''
''The four most dangerous words in investing are 'This time it's different'.''
''Amateurs want to be right. Professionals want to make money.''
That means it is very likely that we will be back in the 4k area shortly before the end of the month. The weekly candle should close at over $3600, though I can imagine one more drop to around $3200 today or tomorrow. However, I like to shop earlier in such situations, as soon as the bottom is reached it's nearly impossible to get Bitcoins for that price. That means there is a big danger that after a sell off the price jumps upwards by several hundred dollars like in february.
It's the commentary about how those with the most make things move.
about the btc: i am contrarian too, i like to see similar ideas to compare, i think the "bottom" at least for a while was 3500 (in my chart several reasons: fractals and my gut +extra confirmations 88% retracemnts, monthly month almost closed, bullish divergences, etc. Alan missed for a bit but yeah I bought at 3600, target 5000 from there i will watch what comes as i dont think at all moon is full ready yet