Bitcoin slow pathetic gains [Dead stock bounce strategy]Here is a new example of the Baggy dead stock bounce strategy (I linked my previous posts on this at the bottom of this idea).
So many people getting all excited by their beloved mlm greater fool fiat currency (lost its trendline btw, barely hanging on now), 300% in 200 days if you bought the bottom and sold the top? LOL don't make me laugh.
People are chasing casino gains, trying to get rich overnight. Something like this WILL LITERALLY MAKE YOU RICH OVERNIGHT.
Gosh.
Now I do not now if some institution decided to buy, or if it's just the typical baggy dead stock bounce sucker rally (on dried up volume, on a dead stock dead for months or more). But did it rip up.
I am not a stock expert but I follow this kind of things, and it really interests me.
The only difficulties are:
designing something that alerts you to this...
backtesting this a bit
setting a stop loss that makes sense
getting out when the sucker rally is over
not getting out too early
not fomoing in if you miss it
not going too big in
not putting a gun in your mouth and pulling the trigger "out of curiosity"
idk the last line isn't even the most obvious and easy one, these "difficulties" are really so simple... Only the backtesting and getting alerted to this will take time & effort.
Most retail can't do all these extremely simple rules like not fomoing in but it is not because it is hard, it is because they are absolutely awful.
It's really easy.
I already have my hands full my my currencies & hard commodities, but someone that sya only trades Bitcoin could look into this.
Really looks like the quick way to riches. I don't know how often those appear, and how many end up bad.
But when it goes up 1 zillion %... Clearly 1 winner will wipe out so many losers anyway, as long as your are not so handicapped that you panic sell early.
I do not know the story behind this company, I have no idea what this is all about, all I know is shorts covered or someone pumped it for whatever reason and suckers got excited by the big green candle and fomo'd in.
Lmao what the company does has absolutely no importance, this is a pure scam strategy, taking money from fomo suckers that have no idea what they are doing, simply by being a solid trader.
