The significance of all this is that if we trade in a range for a few weeks it is megabullish. And right now it looks like we are going to (at worst) trade at a high range 850-1050 than a lower range 650-850.
Simply amazing. I expected more out of the bears honestly.
The bears are the ones who sold their coins and are waiting for it to go down.
The bulls are ones who have the coins and are hoping it to go up.
The funny thing is that neither bulls nor bears are in the position to influence the market to their desired direction (because they already made their own move). The success of either is dependent on how to make the other one fold. The forum (incorrectly) constantly talks about bulls buying and bears selling, which is not the case. An upward action is bear running to cover (unless it's virgin buying) and downward action is bulls panicking.
It is generally better to be bull, because the new money raises price on average 24% per month, which is really a lot.
When price has risen to much higher than the trend, however, it may be advantageous to be a bear. From now I will have 3 months to buy back at trendline at a wash, or up to 100% gain. Any number of negative things can happen meanwhile, short-term reducing the price, and my buyback method catches flashcrashes also.
The only thing I don't like with being a bear is that posting in the forum is not fun anymore. If I am right, everyone who lost their shirt is bitter at me (I am very good in explaining how right I was
). If I am wrong, people whose general trackrecord is much weaker, are laughing at me. I have not made my 51% APR by listening to other people of course, but I also don't want to argue with them.
So I am contemplating to reduce/leave the forum for a few months. I have also other projects. Thoughts?
This could be proved wrong for the community sort and longterm. I love to tease you sometimes, but I think you're a quite valuable asset here. Also keep in mind not everybody is happy when losing money over trading. Please BEAR with them and don't get personal.
Just my 0.000002
BTC
but now I see the triangle that Le Happy Merchant spotted.