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Price predictions based on pattern recognition assume that there is no new discovery or information through creative means. If you could predict the price, you would discover the price (eg. if you discovered how to break SHA256, then you have discovered a price). You can't predict when a new discovery will be made or exactly how it will impact the price. This is why, especially leveraged, trading is dangerous. That said, it's also fun, so I do it a little bit.

RE: your chart, I have a feeling new energy FOMO (not FUD that we are currently getting) is going to drop in October. Like the Cambridge number change, the narrative changes, the "mining council" or whatever drops some info, Elon tweets something positive, and bam, the whole thing changes. Something along those lines: control the memes control the world. I bet, anything around the current price can be doubled by December after the FOMO starts in October/November. But, I only buy (and very very occasionally sell) spot, I don't leverage trade. So I'm ready for a bear market if I'm wrong, but we shall see.

I'm also in uranium right now for macro reasons (see also: #2083 and https://www.youtube.com/watch?v=qp80SfObROE )

Yes; although the 'green energy' debate is somewhat of a moot point with those in the know, as it's already been established that Bitcoin is one of the greenest technologies on the planet, the MSN will (as is its modus operandi) continue to ignore the data and spread the FUD. Any kind of a $ price hike for BTC always induces FOMO, but at the same time, will also over inflate the $ price far too quickly, thus creating a local bubble, which will pop.
As a trader, it's never easy to judge where the tops (or the bottoms) will be, but applying some mathematics (I find that the normal distribution function helps with this) can give one a 'head-up' with such things.

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