No no wait... Before you sell your house to buy bitcoin, read this completely.
I just drew some curved lines and it looked cool, which is why I thought of publishing this LOL!
Here's my prediction: The bottom is in at $24k, and the top is in around $120k (I might update this to fit my narrative later on!)
But hey! If I'm right, I'm going to fill my twitter timeline with "I TOLD YOU SO!" memes.
Yeah, if I added a few bells and whistles, and some high tech jargons which normal people won't understand, you'd probably think I'm some time traveler who knows the future of Bitcoin!
Also, if I posted this same thing 4 years back (of course after adjusting all the curves to fit in the best possible way, people would have gone crazy, and I'd have likely gained some cool 110k followers overnight LOL.
So, just a word to all the moonboys and moongirls who follow the stock to flow, linear regression, or whatever model like it's their religion, this is not how it's done!
It's just a psychological reaction to the market, where prices have found supports and resistances respectively!
Just a word of suggestion: Don't follow anything blindly.
So here's my disclaimer !!! (which should, hopefully separate me from the rest of the so called "Influencers") :
The chart published here is a work of fiction. Any similarity to the actual price action will be purely coincidental. Viewers are advised to do their own research before selling their houses based on a chart they see here.
Neither the author, nor TradingView will be responsible for irrational decisions of irresponsible viewers.
Play safe, learn risk management, and take sound decisions based on your own conviction and what you believe in, and never on other people's opinions.
Just take their opinion, try to understand whether you are comfortable with the risk (and the potential rewards), and then take decision based on your own goals.
Should have been a tutorial post for educational purposes, but I'm keeping this as a Neutral strategy.
- @beehivetrader
I just drew some curved lines and it looked cool, which is why I thought of publishing this LOL!
Here's my prediction: The bottom is in at $24k, and the top is in around $120k (I might update this to fit my narrative later on!)
But hey! If I'm right, I'm going to fill my twitter timeline with "I TOLD YOU SO!" memes.
Yeah, if I added a few bells and whistles, and some high tech jargons which normal people won't understand, you'd probably think I'm some time traveler who knows the future of Bitcoin!
Also, if I posted this same thing 4 years back (of course after adjusting all the curves to fit in the best possible way, people would have gone crazy, and I'd have likely gained some cool 110k followers overnight LOL.
So, just a word to all the moonboys and moongirls who follow the stock to flow, linear regression, or whatever model like it's their religion, this is not how it's done!
It's just a psychological reaction to the market, where prices have found supports and resistances respectively!
Just a word of suggestion: Don't follow anything blindly.
So here's my disclaimer !!! (which should, hopefully separate me from the rest of the so called "Influencers") :
The chart published here is a work of fiction. Any similarity to the actual price action will be purely coincidental. Viewers are advised to do their own research before selling their houses based on a chart they see here.
Neither the author, nor TradingView will be responsible for irrational decisions of irresponsible viewers.
Play safe, learn risk management, and take sound decisions based on your own conviction and what you believe in, and never on other people's opinions.
Just take their opinion, try to understand whether you are comfortable with the risk (and the potential rewards), and then take decision based on your own goals.
Should have been a tutorial post for educational purposes, but I'm keeping this as a Neutral strategy.
- @beehivetrader