Bitcoin Last Alternative - Neutral Double Head-Fake + CrashTo illustrate what I touched on in the bullish alternative, this is much more likely to occur than a fuller-lengthed parabola to 75k or higher. Below is just fun speculation from a piggish perspective.
How Will Each Tranch of Trader Perform Under This Scenario?
Downward head-fake has happened so many times now, that any bullish trader worth his salt is going to catch this entry at the sweet spot. The top traders will be cautious and make a disappointing profit of 100% plus (wahh).
Then, the less experienced, but solid swing traders will assume that their perfect entry is a result of their evolution in skill, even though it is mostly a function of it happening several times already. Yet, this will not stop more than half of them from becoming omnipotent and most will fail to factor in the first whipsaw top as a distinct possibility. Over 50 percent of these folks will lose a bit from this trade even after being up double-digits.
Finally, the super-noobs will likely enter into an immediate whipsaw above 66k, where they lose more than 10% of their leveraged position in under a minute.
This last part means that the opposite is true for the few bears remaining at the top of this scenario. Their patience will be rewarded in this case, even if the entry is quite risky. Stubborn bears get roasted here more often than not, but likely not this time around.
And finally, the pig simply waits for the whipsaw/blowoff/parabola/fomo/idiot mania to pick a direction, and then the trade begins. She or he will likely not risk their own capital for this trade because they were trading much easier setups that had much clearer directions from the get-go.
-PatientPig
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