Jucsik

The party is ON again guys! (Chart 1)

BITSTAMP:BTCUSD   Bitcoin
The party is ON again, and it's obviously getting CrAzY!!!
There comes a big jump of 400 USD in 5 minutes! Suck on that, BEARS! The BULLS are back in play! This is the last time we saw a four digit BTC! Missed the train? Too bad.
... Really? There are people who really think that way? How many cobwebs have to be in their skulls to think like that? I still see these posts about the last-last-last-last time to buy four digit BTC.
I see that many obviously try to find an idea which fits their hopes instead of analysing, or even instead using common sense. Like the whole last two-years being a cup and handle. The whole rally of the last months being a bull flag. WTF?
I share a secret with you. I am a doctor. And one of the well known pitfalls is: You have a suggestion for diagnosis, and you try to prove it with the symptoms. That's very wrong. You should check all symptoms, and find the diagnosis. Sounds simple, but it matters a lot.
Do You think it is a cheerful event that BTC went up 400 USD in 5 minutes in a BIG pump? Many think that it's a good thing. Use common sense. I think not.

Come with me to Chart 2 and I'll show You why.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.