Bitcoin Triple Peak or Capitulation
Updated
What I loathe most about TA pros everywhere...
but mostly on Tradingview...
is their denial when they get their TA forecasts wrong...
TA forecasts are high risk...
When unreliable, news crazy, cross stock-crypto investors... determine Bitcoin's path
It's why all these forecasts you've seen over the last month have NOT gotten it right
Instead of authors admitting that TA is only good short term (at this time)
Or they say wait and wait, their target will hit with NO time frame...
it reminds me of the saying, even a broken clock gets the time correct twice a day.
Some redo their charts, biasing outcomes to either their bear or bull followers
but evade making time commitments... or ignore how off their previous forecasts were
or WHY they were off, which is valuable to know
I NEVER SUCK UP TO MY FOLLOWERS.. I care less
This chart shows various TA paths
It's based on my won TA, other people I follow and THE STOCK MARKET
and seriously... events leading to May 9th are critical
use THOSE to refine your own choices for general market paths
but mostly on Tradingview...
is their denial when they get their TA forecasts wrong...
TA forecasts are high risk...
When unreliable, news crazy, cross stock-crypto investors... determine Bitcoin's path
It's why all these forecasts you've seen over the last month have NOT gotten it right
Instead of authors admitting that TA is only good short term (at this time)
Or they say wait and wait, their target will hit with NO time frame...
it reminds me of the saying, even a broken clock gets the time correct twice a day.
Some redo their charts, biasing outcomes to either their bear or bull followers
but evade making time commitments... or ignore how off their previous forecasts were
or WHY they were off, which is valuable to know
I NEVER SUCK UP TO MY FOLLOWERS.. I care less
This chart shows various TA paths
It's based on my won TA, other people I follow and THE STOCK MARKET
and seriously... events leading to May 9th are critical
use THOSE to refine your own choices for general market paths
Note
Imagine if your doctor's office, auto service centers, supermarkets, drug stores, etc.....had all their employees replaced with real chimpanzees.
These monkeys are the majority RETAIL PLAYERS betting on both the stock market and crypto.
NASDAQ was deep in the red today from the open.
Then it had a crazy turn around after 2 pm.
It all closed green, super positive
BTC climbed, as it should have.
About 6:30 pm futures turned negative.
Even stock traders know futures is useless... until the market reopens.
So BTC hit a falling trend line, losing momentum...
And it coincided with futures falling.
We need to clear this falling dynamic trend line (dotted purple)
or we might drop like an airplance with no engines
Disclaimer
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