Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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This is simply an update to my other idea (A record of proceedings: BTC and the 5-3K Drop.) which is likely to become a series entitled "A Record of Proceedings" in which I chronicle my eventual success or failure to short the market, go long and successfully sell at the top, or completely ruin myself. I'm personally hoping for the first two.
This is my projection on the Bitcoin Crypto Market Index. I'm not recommending any trades or giving any financial advice at all, I'm simply putting a projection of what I think on "paper" so that I can better understand myself and the ideas I have, rather than just allowing these thoughts to happen and disappear into the vague haze of memory.
Most of this is based on psychological assumptions of the general populace, but some is from wave, technical, and psychological analysis of others, as well.
For the moment, it's late and the chart speaks to itself. I can't say I'm the creator of every idea, as many of them are borrowed analysis from others much more intelligent than myself.