Godbye 4digits
Frankly, I feel sorry to all this guys waiting for sub 9K. Last seconds to join the train.
JSRAW? Can you confirm this assertion? If JSRAW does not confirm, I cannot put much higher odds than 50% that we will never see 4 digits again.
Of course, the lower you go, the less probable... So yeah there have been quite a few people looking for below $9k, and jesus, we were already at $9,049 which would have been about a 35% correction from our $13,880 local top.
Why the fuck expect more than that? Hi JJG, as far I remember you were always about 50% odds.
Difficult to get me to come off of 50/50 very often..
More than that? No, you know answer to this question - greed and/or fear.
This two factors are evident for any professional trader I assume you are.
The Point is to find ...ZEN - internal Zen, and play around it.
No way would I characterize myself as a professional [edit: whoops]
traitor trader, but I think that i have worked out some pretty decent laddering techniques for myself in the last few years that were kind of a follower to my earlier dollar cost averaging accumulation phase. When we had gotten stuck in the $250-ish bottom for so long in 2015, I had supplemented my technique into adding a selling component... Before mid-2015, my technique largely only involved buying and if I ever sold anything, I would replace within 24 hours or so. I am still a little that way in terms of trying to engage in a kind of allocated amount, but my system does have a built in allowance currently for selling that did not really exist for nearly the first two years that I was getting into BTC starting from late 2013.
Anyhow the laddering technique seems to largely cause me to NOT get too emotional about BTC short term price directions, but like anyone who is holding some corn or at one time had held some corn (maybe having had recently sold), I get nervous when the price gets on an overshooting rampage that goes quite beyond expectations - sometimes 2x (as in the final push below $6k in December 2018 or even how quickly she moved above $10k this time around into the $13,880 territory) or 3-5x (as in the December 2017 push up to $19,666).
For me, there tends to be a bit more nervousness on the way down rather than the way up, but mostly my nervousness won't really start to kick in on the way down as often as it used to do, but even these days it can start to kick in around 30% or so but sometimes even a 30% correction can be part of the expectation so I might not get nervous until it goes to 50% down or if it just keeps on lingering in the lower part of the down, which causes me to fear that it may be going to down more.. but my system does not allow me to sell, it just causes me to buy more as it goes down, rather than trying to bet on the price going down more
But even on the way up, when it is going UP so much, I will frequently question whether I need to alter my selling plan (and perhaps sell a bit more corn) because of the severity in which the price is rising. Even though I have those kinds of fearful thoughts, I feel that I kind of learned my lesson on that, already in late 2015, when I tried to second guess matters, and I just ended up kind of screwing up... So in essence, I have learned that it is usually just better to stick to my plan course, and of course these days when I am playing with a decent amount of equity, I can act with even less feelings about even the BIGGER of price movements.
I understand that it could make a difference if I happen to be 4x in BTC profits or 20x in BTC profits, but when the floor of the BTC price movement starts to seem that it is becoming quite solidly grounded in the neighborhood of 10x in profits, then it becomes way more easy to rest assured... and just attempt to stick with 50/50 thinking... even if I remain curious about what is happening with BTC price movements... I am surely not going to deny that.
You know when we got the nearly 3.5x price appreciation in less than 3 months from $4,200 to $13,880, there is both a kind of rest assurance that the cushion from the $3,122 bottom is way more secured (and harder to reach), but there is also some anxiety regarding how far the inevitable BTC price fall from the exuberant period of the $13,880 top is going to be based on how well buying support has been able to keep up, especially in the last few weeks, the price rise was getting really outrageously unstable in the upwards direction. Those FOMO fool buying fucks.
But if $9,049 ends up being the bottom for this particular BTC price correction, then that should also be a decently bullish feeling, even if we still cannot know for sure whether 4 digits are going to again be revisited in the kind of attention-whore volatility drama way that baby
BTC happens to be known. i know, I know, I know.. she cannot really help herselfie because it is just peeps pushing her price movement as much, as far and as long as they can get away with it.
And a bit of Voodoo - I predicted this 3 times within last 30 days - doesn't mean it won't go under 10K within next few weeks for some while.
But trend is fucking obvious. And we survive holiday season Sounds like we are probably on a similar kind of page in terms of detecting what seems to be a decent amount of trend that is going to be difficult to undermine, even if a lot of cash is thrown at attempting to crash the baby
BTC. If she don't wanna crash, she don't wanna crash. I think that there is generally a lot of ongoing good news out there that is just fucking the hell out of the effectiveness of any FUDding attempts and like you seem to be suggesting, the trend is your friend... so those of us who go with it, rather than fighting it will likely be better off. hahahahahahaha or get reckt, if you happen to want to buck the trend and think that you are smarter than the market.