Last chart for a while. I need to focus on my other passion of proving the earth isn't flat.
Who's going to be shocked when we get a false breakout and reversal? Not me... =-)
Who's going to be shocked when we get a false breakout and reversal? Not me... =-)
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Message me to sell your BCH bags. Bid: 50 cents.
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Got to keep that optimism.
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If it doesn't bounce in the 3200-3000 range I am retiring as a technical analyst.. Considering taking up botany or bird watching or something like that.
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ETH target 105. Meh, I can't stop sharing charts. I'm addicted.
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I kind of apologize if I offended anyone recently. I just wish people would keep it professional. You know? I have enough BS to deal with as is.
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It's like... wear red or orange. That way I can check you off as an idiot. I am though past being offended. At this point it's just amusing. (And slightly insulting.) Whatevs..
Sorry to talk in code yall. I'm going to keep it to TA-and retarded jokes. I promise.
Sorry to talk in code yall. I'm going to keep it to TA-and retarded jokes. I promise.
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Nice little bounce there. That wick reminds me of the recent past.. Here is one of the gloomier bear scenarios but entirely possible. This one based on extension targets + measuring structures. This assumes capitulation and a fast V shape recovery.
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Possible bounce early next year along with the S&P. Short term still expect a bounce. Nothing sustained obviously.
Keep in mind this is just one of my "worst case" bottom scenarios. It may just go down to the 2000s.
Keep in mind this is just one of my "worst case" bottom scenarios. It may just go down to the 2000s.
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Optimist:
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Three types of bias that are destructive in trading. What you want to happen. What you fear will happen. What you feel will happen. The charts and their interpretation is all that matters.
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If price follows my second arrow above I'm calling voodoo on this shit. (Remember to click the play button on all of my ideas. That way you can hold me accountable. As always I appreciate being called out when I am wrong.) Just you know there's really no need to be a prick. I'm pretty good at identifying points of inflection. It's one of the skills I have as a trader/price analyst I guess. =-)
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Remember how I extrapolate predictions based on available nearby data. I find that arrow one nailed the exact top of the bitfinex spike hilarious.
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My arrow drawing system is based on: average length of available near term similar price action.
Angle based on average direction of last several drops or pumps and then fibonacci along with indications in the support/resistance structure helps me identify potential magnets.
I think of prediction making like a game. The only danger is if you cling to the notion of always being right.
A prediction is simply an outcome which you believe to be the most likely outcome.
As long as you don't invest your ego into your view-always wanting to be right. Prediction making can be a tool just like any other.
Angle based on average direction of last several drops or pumps and then fibonacci along with indications in the support/resistance structure helps me identify potential magnets.
I think of prediction making like a game. The only danger is if you cling to the notion of always being right.
A prediction is simply an outcome which you believe to be the most likely outcome.
As long as you don't invest your ego into your view-always wanting to be right. Prediction making can be a tool just like any other.
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Basically you don't want your prediction to contribute to confirmation bias. You always need to be ready to react when the market moves against your initial view.
Other than that it can help you focus on the more likely outcome which can't hurt. It's important though to always consider multiple outcomes because just as your prediction can be right so there is an equal chance of the opposite. As traders that is often all we can hope for.
Other than that it can help you focus on the more likely outcome which can't hurt. It's important though to always consider multiple outcomes because just as your prediction can be right so there is an equal chance of the opposite. As traders that is often all we can hope for.
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Be zen. Practice removing negativity from your life. The future you will thank you for it.
Still not completely sure but looking for a bounce..
Still not completely sure but looking for a bounce..
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I'm thinking of starting a group of chartists who share crypto forcasts and trading ideas on BTC and shitcoins together.
Not sure yet what platform to use but thinking maybe discord.
A small fee may be charged to weed out trolls. Anyone that wants to join can shoot me a DM. I'll let you know as soon as it's set up.
Wishing everyone happy holidays and profitable trading. Let's track bitcoin together until the bottom and on to a new top!
Not sure yet what platform to use but thinking maybe discord.
A small fee may be charged to weed out trolls. Anyone that wants to join can shoot me a DM. I'll let you know as soon as it's set up.
Wishing everyone happy holidays and profitable trading. Let's track bitcoin together until the bottom and on to a new top!
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Remember I may not always be right. But when I am.. I like to brag about it.
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potential targets for scalp long.
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The fire wagon I mean... And the peasants with the buckets. Them too.
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Get ready, this market is getting ready to move. Give it 4-8 hrs.
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This is one prediction where I'm almost always right fyi.
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;-)