kazimtaqi

Everyone thinks they're the contrarian in the market

Long
COINBASE:BTCUSD   Bitcoin
I'm far from a TA expert and not even a rookie. Having said that, there are so many people (I'd say 90%) on this platform that are saying bitcoin is heading to $3500. But these are also the same people who love to say that annoying phrase by Warren Buffett, "Be greedy when others are fearful and fearful when others are greedy".

The bitcoin fear and greed index has eerily predicted around 90% of the exponential run ups. Currently, the index is at an all time low score of nine. This is a very abstract idea, but people are just way too fearful right now for Bitcoin to not make a crazy run up.

Obviously many TA's will tell you this idea is insane with all of this talk of a bear market for bitcoin, but I'd very confident that within the next month that we'll be cracking $10K.

Trade at your own reward and consequence

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