BITCOIN - Return to Mean Completed - Haven't You Been Following?
If you haven't been following me, then you have probably been left in the dust, and are screaming for Bitcoin to come back lower. But, we've been tracking this the whole time.
Hit play till the end on these charts:
Now, many are screaming "WE HAVEN"T CAPITULATED!!! THE BOTTOM ISN'T IN YET!!!"
Well, that's because you likely got left behind. Either you sold out during the capitulation, or shorted the bottom of the market with hopes of $1,300, or some ridiculous number. The market sentiment has become so bearish, hasn't it? ;)
In 2014, the Bitcoin Market Cap did a 83.10% crash. How much do you think the 2018 Bitcoin Market Cap crashed? Go ahead, think about it for a minute. Ready? Here we go...
*** 83.43% ***
Yes, the Bitcoin Market Cap crashed nearly identically to the 2014 crash. And yet, there are still those who think it has never capitulated. The -50% loss from November 14th thru December 13th wasn't it? The bounce off the 200-week moving average just like 2014? Come on guys... I know you have an incentive to scream from the rooftops that the bottom is not in. But that's simply because you sold the bottom, after 16 months of holding.
You haven't followed these fractal patterns that I have been showing. You haven't been following the market cap percentages. You have been left behind, and were tricked by the amateur charters and the false actors intentionally misleading you in this space.
When you stop and think, holy crap, the market cap went down slightly more than it did in 2014, and I sold out at the bottom, I'm sure it's painful. I've made plenty of terrible decisions during the learning process. How will you re-enter? What do you do? Are you going to get completely left behind?!?!?! Right now, I don't have an answer for you. This has completed a perfect bubble crash, break of mean, capitulation of despair, and reverted to mean, broke through mean, and back tested it for support. Time will tell if it breaks it down again, but that line that was support for so long, has now been broken back through, and confirmed as support again. Now we see if it has consolidation, or if it goes back below again.
To those who held through it all, or bought into the capitulation of fear and FUD, Remember the November/December "No Bitcoin ETF", "All ICO's selling off Ethereum", "Ethereum Classic 51% Attack".... congratulations. You are in great position, you were fearless, you survived the 2018 bear market, as did I.
Here's to a wonderful future!
Cheers!
-SecludedJ
Hit play till the end on these charts:
Now, many are screaming "WE HAVEN"T CAPITULATED!!! THE BOTTOM ISN'T IN YET!!!"
Well, that's because you likely got left behind. Either you sold out during the capitulation, or shorted the bottom of the market with hopes of $1,300, or some ridiculous number. The market sentiment has become so bearish, hasn't it? ;)
In 2014, the Bitcoin Market Cap did a 83.10% crash. How much do you think the 2018 Bitcoin Market Cap crashed? Go ahead, think about it for a minute. Ready? Here we go...
*** 83.43% ***
Yes, the Bitcoin Market Cap crashed nearly identically to the 2014 crash. And yet, there are still those who think it has never capitulated. The -50% loss from November 14th thru December 13th wasn't it? The bounce off the 200-week moving average just like 2014? Come on guys... I know you have an incentive to scream from the rooftops that the bottom is not in. But that's simply because you sold the bottom, after 16 months of holding.
You haven't followed these fractal patterns that I have been showing. You haven't been following the market cap percentages. You have been left behind, and were tricked by the amateur charters and the false actors intentionally misleading you in this space.
When you stop and think, holy crap, the market cap went down slightly more than it did in 2014, and I sold out at the bottom, I'm sure it's painful. I've made plenty of terrible decisions during the learning process. How will you re-enter? What do you do? Are you going to get completely left behind?!?!?! Right now, I don't have an answer for you. This has completed a perfect bubble crash, break of mean, capitulation of despair, and reverted to mean, broke through mean, and back tested it for support. Time will tell if it breaks it down again, but that line that was support for so long, has now been broken back through, and confirmed as support again. Now we see if it has consolidation, or if it goes back below again.
To those who held through it all, or bought into the capitulation of fear and FUD, Remember the November/December "No Bitcoin ETF", "All ICO's selling off Ethereum", "Ethereum Classic 51% Attack".... congratulations. You are in great position, you were fearless, you survived the 2018 bear market, as did I.
Here's to a wonderful future!
Cheers!
-SecludedJ
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.