Good morning WO!
Observing @ $7,346
Are we going bullish?
As long as we stay below $8.200 in january, i'd be bearish (short term).
And if we go above, would your guess then still be the same on that game??
This is a good question. To be true, i am bearish atm (fully since 11/2019), until
after the halvening. That's why i decided to prepare for $5-$6k zones around end of Q1/2020.
If the price breaks the upper boundary of the downtrend channel, within january respectively (around $8.2k), i'd likely change my sentiment and i would have to admit that i chose the wrong bet for April 1st. Which would be the same "mistake" like in the last Q4 game, just the other way round.
EDIT: Why?
Because i was wrong too many times in the last two years, just because i didn't wait for confirmation of various buy or sell signals.
I am interested in your "edit" comment at the end
bolded above. Do you really believe that there is such a thing as "buy"/"sell" signals? Wouldn't we be MOAR richie if we knew about such purported signals? Surely, after the fact we know all kinds of fucking things about the existence of such 20/20 hindsight buy/sell signals, but I doubt that they are so damned clear while in the midst of the process that any of us are going to transition into MOAR richie rather than MOAR poor for our gambling upon such bullshit purported signals.
Good luck with playing around with your purported "buy"/"sell" signals....,
this time is different....
Well, you should know me better now, JJG.
Lemme explain:
1. Of course there is nothing like those "signals", just "recommendations" or "hints" from "traders" for market moves based on TA and pattern analysis. Those are purely virtual.
2. I don't trade. I used these trading terms to label certain "points" in trending, where i consider the price to go up, down or change momentum/direction/steepness (however). I am using trader-language, that's visible and correct.
3. About my other, older post to which you responded: OF COURSE i don't guarantee any movements to happen, expectations are purely based on my personal judgement of market movements (see above).
This time i was mainly right, but i don't see myself as expert or advisor or whatever, just trying to learn about market dynamics and occasionally leave comments for probably getting
non-destructive feedback.
I hope i made myself clear, don't try to read between the lines, there's just empty space to find
