BitcoinLong
The BTC mindblow. Know yourself or you might get screwed!
Updated
The market is getting nervous.
The emotional waters are getting hot. Soon they will boil.
And then we will have an explosion - of wrong decisions.
The closer we get to the end of the wedge the more emotional everybody will become.
But, the market is a teacher.
Those with weak minds get lessons, those understanding themselves and others get rewarded.
Trading is about being emotionless.
That's why psychopaths are better, more successful traders.
They are less influenced by emotions.
If my assumption that we will go up soon is correct, the question is how this might happen in a way that most people get screwed?
Bull and bear traps might be the answer.
Short bursts above resistance, and below support are the mechanics how people get confused, insecure, and finally paralyzed to trigger necessary orders.
How this may play out is written in the chart.
I come to understand that we don't really trade markets.
We trade decisions of people and that means we trade emotions.
We trade desires, needs, hopes, and fears of people.
Those who can make good guesses about future states of minds of other people, and manage their own, they have a chance to be successful.
Will the drama play out as in my chart?
Nobody knows because nobody can know.
I expect intense swings from fear to greed soon.
Let's be ready for our own, inner dramas.
A great day to all... and always and forever think for yourself.
The emotional waters are getting hot. Soon they will boil.
And then we will have an explosion - of wrong decisions.
The closer we get to the end of the wedge the more emotional everybody will become.
But, the market is a teacher.
Those with weak minds get lessons, those understanding themselves and others get rewarded.
Trading is about being emotionless.
That's why psychopaths are better, more successful traders.
They are less influenced by emotions.
If my assumption that we will go up soon is correct, the question is how this might happen in a way that most people get screwed?
Bull and bear traps might be the answer.
Short bursts above resistance, and below support are the mechanics how people get confused, insecure, and finally paralyzed to trigger necessary orders.
How this may play out is written in the chart.
I come to understand that we don't really trade markets.
We trade decisions of people and that means we trade emotions.
We trade desires, needs, hopes, and fears of people.
Those who can make good guesses about future states of minds of other people, and manage their own, they have a chance to be successful.
Will the drama play out as in my chart?
Nobody knows because nobody can know.
I expect intense swings from fear to greed soon.
Let's be ready for our own, inner dramas.
A great day to all... and always and forever think for yourself.
Note
The basic idea stands, the market has to shake out as many people as possible before the next major move up, creating pain, fear, and uncertainty. I would just add to the idea one more bear trap coming right now.
We might be on the move to take out stop-losses at 9400 - 9500 and then he shake-out cycle above could start.
The point is to keep yourself together in the next weeks.
For the risk-takers and BTC lovers: the upcoming 9.500 might be the last buying opportunity below 10.000 - maybe forever.
Note
We are at 9.444, let's see from here. Bear trap is set. If we move quickly from here back above 10.000 this might have been the last time we ever see this price. I am adding a little to my positions. Good luck to everybody!Note
Back to 9.921,60, bear trap finished. I hope many got in at below 9.500. Next bull trap at 11.000. All the fearful bulls who are waiting today to enter the market must get their shock, their teaching.
They will go long after the break of the upper trendline at approximately 11.000 and then we have another cycle of shakeout at 10.000 or a little lower. Keep your nerves together, stay calm, we are in a minefield right now.
Note
There is an alternative scenario which is still within the basic idea: we don't go for the bull trap immediately because more liquidity is needed for smart money, meaning, we might dip below 9.300 once more befor the next mmoe up, in order to get as many shorts as possible triggered.
If we do this move, everybody will be pretty certain that we started a deeper bear correction, the bear trap is complete.
But, they will be fooled because after that a short-squeeze up will stop them out and we have the move to 11.000 with even more speed and power to set the next trap, the bull trap.
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