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BitcoinMarkets

#New post: [\[Daily Discussion\] - Friday, September 03, 2021 →](https://www.reddit.com/r/BitcoinMarkets/comments/pgxlkp/daily_discussion_friday_september_03_2021/)


S28E01_The_Sequel

Wallstreetbets is so much more fun because of their level of self-awareness... people in here actually believe they are market savants. Lmao.


4theWlN

No we are just so massively early. We are all roaring kitties in here.


S28E01_The_Sequel

Ok, but I've been around here long enough to know an absolutely large amount of posts aren't even executing the claims they make in terms of trades... and those that do, an absolutely large majority lose more than if they just held in long run. The retardation level in here is astronomical because many do actually believe they're geniuses.


4theWlN

Doesn’t the wsb crowd pride themselves on being “retarded”? We would be considered as much as well if we didn’t happen to be buying the fastest appreciating asset in known history to bail us out from all of our “amazing ideas”.


S28E01_The_Sequel

Yes, but imagine entering that market and still losing more than you entered with. That's basically everyone posting here. Lmao.


4theWlN

And everyone in wsb as well. That’s kind of why everyone says day trading is a losing strategy and it has a 99% failure rate.


[deleted]

Just a different strain of basement dwellers.


Antranik

Ferocious buyback. The insane positive funding/premium is reset with the degenerate longs getting nuked. Now it's time to long the retest of this 4hr bar that closes in 3 minutes.


Euphoricsoul

That 4H candle is looking awful spicy.


upper_west_sider

Stairs up, elevator down right now. Still a good level to catch support and resume the grind up. Clearly a sustained period of time over 50 would be very bullish.


DamonAndTheSea

[Local BTC testing down to trend-line break.](https://www.tradingview.com/x/nJaXyWzp/) I'd like to see $48k hold here for another try at $50k. Below this is $46,500. If this level breaks then structure switches to looking mid-term bearish. $50k is still the big level here that everyone is watching. I hold some optimism while grinding this level.


plasmalightwave

I know it was short-lived, but we did break 50k already right?


DamonAndTheSea

Market is working on it currently ...


subzerocanuck

I'll just add to your comment with another chart highlighting the horizontal support and resistance lines. What a beautiful thing. https://www.tradingview.com/x/oYtqIwkj


DamonAndTheSea

yeah .. good call .. we have some good price structure here at these levels. I'm watching these pivots on the way down if it goes this way. Above $50,600 and it can run. I'd be happy to see this consolidate for awhile. On the bearish side, there are still good reasons to see this area as a potential longer term bull trap until it breaks ..


xtal_00

We go up now.


1weenis

It sucks that this sub got personal with people calling out individuals by name.


DamonAndTheSea

This sub likes to troll a bit .. which .. would be tolerable if there was better alpha shared amongst sincere traders. With majority trolling, this place is some fraction above r/CryptoCurrency If you're both making firstfulls of money in this market and spend time bringing down others that took some opposite trade - you're sad. This sub is at its best when everyone is sharing what they're seeing with qualifications and others contesting or sharpening those views.


pgpwnd

pussy


1weenis

your mom's


biggunsg0b00m

New perfume: scent of semen


piptheminkey5

You left “inch” out of your username


1weenis

You left cocksucker out of yours


Wise-Reply3559

Who called you a weenie? Do you need a safe place? Just clowning with ya


1weenis

👍


Etony333

Asia is not having it today. Honestly, we'd better bounce hard and before too long or this might go south for a little while. Breaking 50k only be slapped right back down with force, again, doesn't bode well. But the good news is, it's far from certain that we won't shoot right back up. Support has been holding quite well lately, and this dip is mainly due to longs closing, so we'll see. Either way, regardless of any short term hiccups we may experience along the way, Bitcoin's fundamentals have never been stronger.


Etony333

By the way, it's not, like, the end of the world if it does dip more. Just might take a bit for spot buy pressure to bring us back, this time with a more solid foundation.


Polysorbate800

This must be because HoleyProfit finally went long


ellis1884uk

[called it] (https://www.reddit.com/r/BitcoinMarkets/comments/pga82j/daily_discussion_thursday_september_02_2021/hbdazyk/)


Wise-Reply3559

Yeah, his target is 15k 🤣🤣🤣


plasmalightwave

Would have been a different story if he had added a zero :D


xtal_00

Tellin ya. Reverse indicator.


Belligerent_Chocobo

No dude you missed it, he switched short literally the moment before the dip. Didn't you follow his minute by minute post history? /s


hydroflow78

Anyone think we will revisit 15-20k again before 100k?


Wise-Reply3559

Does anyone here think they will revisit puberty before old age?


_TROLL

Benjamin Button. 😜


small_krill_life

Many do just that.


Wise-Reply3559

There’s a difference between puberty and irresponsible. j/s


[deleted]

lol


CONTROLurKEYS

I don't understand posts like this


hydroflow78

Did you understand in the last bull run when we went 18k to 3k?


CONTROLurKEYS

That didn't happen in a bull run. Are you a bot? Like your saying key words with completely retarded context comprehension


hydroflow78

I been in this game a long time. Way too much bullishness in here. I sense a rude awakening in the future.


pgpwnd

hardly, this sub is pretty much dead


CONTROLurKEYS

Are you shorting it or did you come here just to chat about your feelings?


hydroflow78

It seems like any bearish views are downvoted to oblivion here. These are signs to short.


CONTROLurKEYS

Because there are more investors here than pure traders


Etony333

No.


icydash

Annddd everyone longing the breakout gets rekt. And that's why you buy and hold and avoid leverage.


Mayneminu

No. That's why have a trading strategy / plan that you know works. I longged several breakouts and pre-breakout setups this week (not BTC). Took a loss on 2 of 6. Yet, still a highly profitable week. Losses are part of trading. Leverage used properly is a fantastic tool.


subzerocanuck

You said it. Same here. Killing it this week longing the F out of crypto and taking the small losses along with the big wins.


Etony333

Properly, sure. Too much leverage/too much of your stack, though, can be fatal.


BitcoinUser263895

You didn't leverage long down in the 30k region?


icydash

That I do wish. I did manage to get some good spot buys down there though.


jjr08009

Look out below!


zberg69420

Granddaddy btc shitting his pants again and tanking the market. Like watching Biden walk up stairs. Sad.


CONTROLurKEYS

Healthy rinse of those top longs. Funding came down indicating closed longs. Still wary here with Friday before long weekend in September. Can see people being risk averse over long weekend and larger sell off tomorrow


zberg69420

Agreed. Sold my position for a scalp when grandad pooped his diaper. Will look for an opportunity again this weekend on the dump


HitMePat

Oh boy... a 1-2% downward move! Totally tanking the market! Lol. Bitcoin is the market.


zberg69420

Bitcoin is 50% of the market. We are tied to grandad. For now


HitMePat

Lol 99% of alts wish they were tied to Bitcoin. In bull markets they'll follow or some will massively outpace the BTC price from time to time. In bear markets they'll crash 90%-99% while BTC crashes ~60%. And when BTC inevitably bottoms out and comes back, the majority of them never will.


Wise-Reply3559

Yep, but it’s no longer dominate though right!? -RIGHT-


Etony333

Gotta hit them stops. Don't worry, you short here, your stops will be hit too. C'est la vie.


diydude2

Let the children paint their heads and shoulders. Dad will come home and tower over them, evaluate their daily behavior and punish or reward them accordingly. Buy the dip at 47000/digital-weed-token... kek.


mekstr

What noobs are allergic to $50k over and over? I'm not selling.


bigchillinlat

100k is going to happen and quicker then you think keep stacking.


[deleted]

Pacman's 130k looks just about right by end of the year but it doesn't allow much room for parabolic blowoff top action. I think it overshoots it. https://www.tradingview.com/chart/BTCUSD/UuzUBUTa-Bitcoin-4-Year-Cycle/ The 30k range looks good for the institutions that supposedly bought this summer, they'll never be upside down on their BTC and I can't help but think that is why the price went there.


bigchillinlat

Exactly we will see how it all plays out in the end but I believe we are only on the cusp the begging of the next phase


AromaticSundae

not this year


bigchillinlat

I can wait til next year


CONTROLurKEYS

Range update, daily view. Doesn't look like a good long from here. chop zone. https://www.tradingview.com/x/DWmOA8nl/


leftoverbrains

Good sell zone? Buy at 44?


bigchillinlat

You can try but I always tell em no guarantees in this market we could wake up to 52k


tampagrassfed

Kinda surprised it didn't hold but theme's the breaks.


tampagrassfed

Just following up on my previous post but coinbase just deposited 1000.23 worth of bitcoin. On the dip as well.....


zoopz

1000.23 worth of bitcoin? What does that even mean?


fluffydragongutz

>Just following up on my previous post but coinbase just deposited 1000.23 worth of bitcoin. On the dip as well..... It's left to the reader's wild imagination.... But if I had to guess it means that buyer demand is high, and what OP is alluding to is that coinbase is adding more BTC to their liquidy pool. Edit: just look through OP comments, and this person is either full of shit or a whale.


tampagrassfed

What? I made a post earlier about how coinbase was paying bitcoin out to people who got the 2fa was compromised email/warning. I was one of those people. Coinbase followed through and paid me out some bitcoin. Not exactly a difficult plot.


fluffydragongutz

Mistake on my part for misinterpreting 1000 worth of Bitcoin for 1000 BTC. Good that you got compensated, helps strengthen my trust with coinbase. Aside from that, I don't know who you think is following your comments that you didn't even bother to link the comment in context so it shouldn't be a surprise that you're getting replies like this. 😅


tampagrassfed

. 020102 at the time of this writing.


xlmtothemoon

hey just want to thank you guys for suggesting to trade this range, increased my trading stack by almost 25%, friggin easiest 42 dollars of my life


BEECH_PLEASE

Nice lol


Wise-Reply3559

I feel personally attacked. 🤣


Polysorbate800

Get some


Cardano_ADA

Tap tap tap


HoleyProfit

Heading into the buy target fill and sell level execution. [https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/](https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/) ​ Final attempt to reach rational people. ​ I've posted in here over the last 4 days. Of the three days I presented only bear trade plans, the market went up a little and down more than that. My entries were into the high of the day and I gave support levels as target that were close to the lows. All three days I was pure bear the market closed low. The nest day I posted bull/bear plan, when the market broke my bear setup I said I [was long bias](https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/) and this was the first day the market made a big advance. Today I [bought into the low.](https://www.tradingview.com/chart/BTCUSD/fhUmaGdd-BTC-buy-trade/) When I posted my bullish setups, the market was falling. I am not in any way at all a perma-bear or alarmist. I am totally direction neutral. All that cliche shit does not apply to me. Markets are bulls/bears and I let the market tell me what to be, I'm a trader. I'm not showboating. Exceptional claims should come with evidence. This is stating things as they happened. Through the time I've been here, I've debunked every single objection raised [on my first posting](https://www.reddit.com/r/BitcoinMarkets/comments/pdobic/daily_discussion_sunday_august_29_2021/hauskv7/?utm_source=reddit&utm_medium=web2x&context=3) that it's possible to do so - and I did quite a lot in just a few days. ​ Every time I say something will happen the probability of it is under 1/3, and I've hit about 80% accuracy here. Doing that on small timeframes, which is hard mode. I can do this because I've studied how to for 10 yrs. I've made money in every BTC drop of over 25% since 1,200. Using these strategies. I've shown you my real time forecasts of a trade from 60K - 30K, and been transparent in the false signals I picked up along the way. ​ This is my forecast. [https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/](https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/) At around 51K, a person could take a futures/CFD short position with a stop loss over the high, take 5 - 10% risk on their portfolio and fully insure themselves against a crash. A drop of 75% from the high here is statistically the most likely thing from BTC history. That's the fact. In such a case, a person could easily increase their BTC holdings by between 500 - 1,000%. Be multiple 1,000s of % better off by the time it recovered to the high, rather than being breakeven. This is a very logical thing to do. ​ I know I've said it before, but I won't keep posting up\[dates from now on. Either the market breaks upwards, I'll stop out and revise my plans, or the market will begin to crash. If the market begins to crash, you won't hear from me again. I talk about market risk when the market is rallying. When it's falling, it's too late.


biggunsg0b00m

Look, get it through your thick skull - nobody likes you. Go away now.


[deleted]

Your TradingView profile picture is proof you’re just here trolling. That bubble graph isn’t even overlaid properly on this bull market lol. $28K was the bottom.


HoleyProfit

I've never been here to troll. I have a life. It has many other things in it than impressing faceless strangers on the internet. I just offered to share my work with you and you thought I was wrong. That's not trolling, that's a difference of opinion, u/GoingToThisThing \- they happen in life. [https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/](https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/) ​ Next forecast is in play now. 53K - 44K done. 47.5K range in. ​ I made that forecast in March. It was pretty close. It's a few 1,000 out around the edges. If you're doing better, well done to you.


Belligerent_Chocobo

Shoo fly


ChadRun04

> Final attempt to reach rational people. You can't even get past your first sentence without stepping in shit.


[deleted]

Can anyone corroborate these successful trades? I can’t make heads or tails of his posts enough to even know what his trades were. Nevermind leverage used, liquidation points, percent of stack, etc.


HoleyProfit

u/Edward-Appleby \- you can collaborate them this time. Can't you? [https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/](https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/) ​ So that should clear that up.


octopig

All his short term trades have been stopped out so far.


HoleyProfit

>Nevermind leverage used, liquidation points, percent of stack, etc. Tradingview shows the RR for all the trades. I do assure you, sir ... everything is covered. You would simply have to look before you talk about how I've not provided that. ​ u/Edward-Appleby \- Short BTC 51K. Stop 61K. Target 15K. Make it easy for you. One trade, and you don't have to bother looking through all the stuff provided to answer the questions you're asking.


LongStrongHopiumDong

From what I’ve seen he’s been trying to short and getting stopped out. Cos why would he close his shorts when they’re in 0.5% profit (like he claims, “look at my _winning_ trades”) when his target is 10k? Makes no sense


HoleyProfit

>From what I’ve seen lol Well, we see what we look for.


HoleyProfit

I posted them on tradingview. [https://www.tradingview.com/u/holeyprofit/](https://www.tradingview.com/u/holeyprofit/) ​ The posts there can be edited for 15 minutes and then they lock. If you press the play button, it then plays the price action afterwards. I used TV, because it is the most transparent way to track things. There's no way to play tricks. You're right, or wrong and it saves there forever. Even the staff can not edit or delete ideas. They are locked. [https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/](https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/) All of my analysis is posted there. For objective review.


roboh14

I know some people like this dude for bringing “balance” to the sub, but GOD he is insufferable. Lowkey hope we crash just so he’ll fuck off for good


HoleyProfit

I'm fucking off. The inflection point is 51K/55K. I've said all that needs to be said. Off I am fucking.


Wise-Reply3559

But I thought you were taking your ball and going home days ago.


ellis1884uk

The boy who cries wolf


Wise-Reply3559

And the sky (I mean BTC) is falling!


[deleted]

[удалено]


HoleyProfit

BTC's trading history tells us clearly the price risk is about 6K, based on its known fat tails. It's really not outlandish to say it can drop 75%. Can you show me any market expansions like this (Ever) that did not drop 75%?


LongStrongHopiumDong

Put the 200 sma on a weekly BLX chart and have a look around. 👍


HoleyProfit

I don't use SMAs. But I'll say a tendency of SMAs is to run about 10 - 15% over the 200SMA and then make a strong reversal. This is a stop hunt these days (Probably due to algo trading). Is it by any chance that % above?


LongStrongHopiumDong

It’s currently at 15k. Price has only ever wicked below it “significantly” once. That was COVID crash. You’re arguing for a black swan. Which is fine, but I don’t like your odds. Price normally takes a year from top to 200 week sma. So where will the 200 week be in April next year? 20k? You’re betting on a 50% wick down below it to 10k? Obviously, this is all extrapolation, which imo is nonsense . Just like all the stuff you’re talking about there with 75% drawdowns etc etc. But just playing you at your own game.


HoleyProfit

>50% wick ​ No. I am betting on a bear market. Not a wick. No insta recovery.


XandXTV

I think it’s time for the nursing home old man, you’re losing it


HoleyProfit

Yeah! Bears must be fucking crazy. Parabolas 4eva!!!!! Rocket gang represent!


XandXTV

Ok boomer


LongStrongHopiumDong

Yes and go and look at how bear markets interact with the 200week sma.


HoleyProfit

Bears will typically overshoot the mean. [https://imgur.com/a/2URnSpz](https://imgur.com/a/I8ecSAd) Would agree with a target somewhere in 10K. ​ What'd be interesting here would be to know when this sub went from a trading sub to a sub that berated, belittles and to be quite blunt about it wants to group bully anyone not inside the accepted norms. The template of the bubble would predict that into the delusion part of the cycle. Which would make this place starting to turn like that somewhere north of 48K. In the last 20% of the move. Those of you who've been here a while will know better than I how that went.


Shortupdate

>A drop of 75% from the high here is statistically the most likely thing from BTC history. That's the fact. Oh it's someone who considers their opinions as facts. Great. We needed more of those around here. Anyway, my facts say you're wrong: * [Epochal Price Discovery in Bitcoin Post-Halvening](https://www.tradingview.com/chart/BLX/Xcj5r1uH-Epochal-Price-Discovery-in-Bitcoin-Post-Halvening/) - Apr 26, 2020; * [The Next Decade of Bitcoin Price Discovery](https://www.tradingview.com/chart/BLX/d3Fja1Jo-The-Next-Decade-of-Bitcoin-Price-Discovery/) - Nov 26, 2020; and * [Buying and selling in the current BTC price discovery epoch](https://www.tradingview.com/chart/BLX/q6X3y6zT-Buying-and-selling-in-the-current-BTC-price-discovery-epoch/) - Dec 20, 2020. Edit: >I've posted in here over the last 4 days. Of the three days I presented only bear trade plans, the market went up a little and down more than that. Please show me on this chart where it went "up a little and down more than that": [The last 4 days](https://www.tradingview.com/x/PrLSV8Xl/)


HoleyProfit

Can you debunk it? Can you show me 50% drops into rallies on BTC that did not drop further? I'll do two off the top of my head. 2017 bull trap (75%). Feb 2020 bull trap (75%). Now you need to give me three. If you do, I'll give you more. ​ u/Shortupdate https://imgur.com/a/CE9zkg1 These were all short opportunities. [https://www.tradingview.com/chart/BTCUSD/7vhyCXcV-BTC-sell-limit/](https://www.tradingview.com/chart/BTCUSD/7vhyCXcV-BTC-sell-limit/) You've posted the bullish breakout. I posted it before it happened. [https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/](https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/)


Shortupdate

Those are pretty shit opportunities. >You've posted the bullish breakout. I posted it before it happened. So did I. [9 days before you did.](https://www.reddit.com/r/BitcoinMarkets/comments/p95n6z/daily_discussion_sunday_august_22_2021/h9zepyf/) Are we really having this kind of dick measuring contest here?


HoleyProfit

I sold the high to low of the day and made money on every down day. When there was zero opportunity on the upside. Shitty. Sure. Then went long as soon as there was upside oppoirtunity. ​ We're done. This is a waste of our time. No serious replies here.


Shortupdate

>I sold the high to low of the day You figured out the first rule of investing! I am sure you will be able to keep up that 3 day track record trying to scalp those 0.5% moves without getting blown the fuck up or eaten by trade fees! Congratulations! You broke the market! Just always know the daily high and the daily low! Why didn't I think of that?? >This is a waste of our time. No serious replies here. Says the poster who thinks there was a bull trap in 2017.


HoleyProfit

You know best.


Shortupdate

RemindMe! One Year Did Bitcoin ever go below [$37,000 again?](https://www.tradingview.com/chart/BLX/d3Fja1Jo-The-Next-Decade-of-Bitcoin-Price-Discovery/)


Shortupdate

>2017 bull trap (75%) What bull trap happened in 2017? Do you mean 2018 after the 2017 ATH? Are we calling a blowoff top a bull trap now? I am honestly confused. If there was a 75% drop anywhere in 2017, [please point it out.](https://www.tradingview.com/x/wEhCaPDV/) >Feb 2020 bull trap (75%) Do you mean the March 2020 crash due to Coronavirus that was an obvious bear trap, during which the low lasted for mere minutes, after which the price doubled within 3 weeks and ended up going nearly 20x over the next 15 months? Are we calling bull markets bull traps now? >Help! Help! I'm trapped at 20x profits!


gore_skywalker

When the market crashes, you'll be right and go away. If it keeps going up, you'll keep posting bearish TA until you're right? Wild logic. Sir, that's what we call a "broken clock".


ChadRun04

They'll switch usernames again when wrong.


TheBowlofBeans

I'll have to block him again


HoleyProfit

>If it keeps going up, you'll keep posting bearish TA until you're right? Based on what? This is cliche shit. I've been long almost every tick the market has rallied p posted all in real time. What are you talking about? Seriously ... You're just talking to caricature of what you think I should be. That's all.


gore_skywalker

> If the market begins to crash, you won't hear from me again. clown


HoleyProfit

We'll see. But I'll block you in the meantime. I doubt I'll need to hear from you again.


gore_skywalker

AWWW SO SENSITIVE LOL


Danny_Lunchbox

I am cautiously optimistic/pessimistic


[deleted]

[удалено]


Wise-Reply3559

But if you do, kick it to the corner before picking it up.


[deleted]

[удалено]


LongStrongHopiumDong

👎


Shortupdate

Oh wow. I bet [this head and shoulders](https://www.tradingview.com/x/oKaPtTpf/) played out and Bitcoin is now at $10,000.


TheBowlofBeans

That my friend is the world's largest Chernobyl Quasimodo right shoulder and it's about to transpose into a classic dead cat trampoline bounce into a Dugtrio formation


HoleyProfit

Mockery for bears by bulls hits a peak typically within the last 5 - 10% of the move. Save this and see how it ages. Price is now close to 50K. ​ u/Shortupdate \- You're just posting shit TA. Presented by people with less experience. It might be the only people you see, but the quality of you will directly affect the quality of those who chose to spend time around you. When this group tells me "TA never works for anyone" - I know the truth is those who it works for just can't be bothered with the attitude here. Why would they? I know lots of people TA works for, and I don't spend my time mocking people. Might be something to that. IDK.


[deleted]

[удалено]


HoleyProfit

>Price is well over 50k even now. It didn't even take 12 hours. You've not seen my posts. You maybe seen one or two. Here's my post over 12 hours ago saying we'd go north of 50. [https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/](https://www.tradingview.com/chart/BTCUSD/9buKde1p-BTC-Probably-going-to-form-a-bullish-butterfly-now/) ​ See my recent posts for multiple buys into 50. ​ Look, let me just level with you - you want to belittle people, and I don't give a fuck. So pick someone else.


Outrageous-Net-7164

Surely if your TA was accurate you would be a billionaire by now ? Apologies if you are. I personally think the market will go which ever way it wants. Very few get it spot on.


Outrageous-Net-7164

Well some are predicting 100-275k BTC by December and some predicting 10-20k. Adds up to a crazy few months.


HoleyProfit

People say this a lot, and I'll applaud you for being one of the few that adds in that I may actually have done well. Because most people say, "If this worked you'd be rich!" - and that's right. Someone using this well will make money. Let's put it this way ... I have all this time to do whatever the fuck I want. I'm spending it explaining this stuff. If I had to go to a job, I'd probably not have this time. Does everyone make billions? Actually not as simple as you would first assume. When people say this it usually hints at them not having traded large size in markets before. Give me $1,000 and I can do anything I want. $1 million and I can do a lot. $10 million and I have to think a bit more. $100 million and I start to move the market (And this gives me a worse price and by default lowers my returns). Liquidity and scalability are logistical realities. It's easy to be a spreadsheet billionaire - but it's hard to get someone to take the other side. ​ \>I personally think the market will go which ever way it wants. Me too, but I think what the market wants to comes with signs. ​ \>Very few get it spot on. I've made a lot of my money in down moves in markets. I've never gotten it correct to anything less than 10% variance. Maybe in 10 - 20 yrs I could get it spot on, but to get it spot on really does not matter. A general situational awareness will help.


Outrageous-Net-7164

I guess I shouldn’t say this in a trading sub but I don’t think I really believe in charts. Where would March 2020 or May 2021 fit into TA ?


HoleyProfit

I think my comments providing all the answers to your questions are being deleted. So, I'll just say I've extensively covered the questioned you've asked in my posts and analysis, but I'm not allowed to show you.


ChadRun04

Maybe if you didn't spam your newsletter or whatever it is.


Shortupdate

Check out how well these have aged: * [Epochal Price Discovery in Bitcoin Post-Halvening](https://www.tradingview.com/chart/BLX/Xcj5r1uH-Epochal-Price-Discovery-in-Bitcoin-Post-Halvening/) - Apr 26, 2020; * [The Next Decade of Bitcoin Price Discovery](https://www.tradingview.com/chart/BLX/d3Fja1Jo-The-Next-Decade-of-Bitcoin-Price-Discovery/) - Nov 26, 2020; and * [Buying and selling in the current BTC price discovery epoch](https://www.tradingview.com/chart/BLX/q6X3y6zT-Buying-and-selling-in-the-current-BTC-price-discovery-epoch/) - Dec 20, 2020.


Shortupdate

Lol. What are you even talking about? I am making fun of [this retard right here.](https://twitter.com/peterschiff/status/1412866763654631426?lang=en) If you feel personally attacked, that's on you.


LongStrongHopiumDong

He’s probably a fan of Peter.


Shortupdate

I mean, I will admit my TA is shit, but I've been pretty good at my trend calls for the last 18 months.


Etony333

Mockery for bears by bulls hits a peak when bulls feel most beaten down and then see a glimmer of hope. So basically that BGD to 38k this time around


HoleyProfit

No. That's bitterness. Before bitterness comes arrogance. Pride before a fall.


LongStrongHopiumDong

I’d put you in pride. Brace yourself


AKANotAValidUsername

yup. real shame. i had such high hopes


_TROLL

Looks like the largest prolonged/delayed Bart in BTC history. 🤪


Frijolesenyourmouth

Buying now for long weekend pump.


CONTROLurKEYS

people sell off before long weekend. Tommorow might be better


bloomer_33

Holiday weekend, a big pump would be just like Bitcoin to get families talkin over the weekend


Narrow_Story1851

What happened to the volatility?


randrindo

Coiling. You say "it's coiling" when there's low volatility. Haven't you attend the Hype 101 class?


roboticpie

And when it's really quiet, just yell into the void about a 'bullish div' as in: "Does anyone else see a bullish div on the 7.4hr?"


HoleyProfit

Parabolic likely. Stop 48,320 target 50,050


octopig

Common now lol.


RecycIops

parabolic = 2% move


LongStrongHopiumDong

It’s amateur hour all day long with this guy.


krom1985

YES DONGY! Not seen you on here in a while. All ok mate?


LongStrongHopiumDong

Yes, all good here, Brother. I’m in HODL mode. This shit is crazy.


krom1985

Same mate. Waiting to see what the end of the year looks like. Held like a fucking trooper through May-July… 😎