Bitcoin's rally and subsequent rout is turning out to be a textbook example of a bubble. Witness the effect of group human psychology and behavioural biases, captured beautifully in Bitcoin's trading history.
Trade ist aktiv
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The final collapse happened at $6000 instead of the $7000 I'd anticipated. Not a large difference given the size of the selloff. The chart shows Bitcoin since then recovering, and I expect prices to fall again from this $10,000 level. Notice how it coincides with the lower bound trend line that went through the first bear trap. Exit/Sell short.
Kommentar
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Buy limit at $8,500 to $9,000 the mid-February trading range.
Like JP morgan standing in the streets claiming the banks were failing, the same is happening today with the Rupert Murdoch media.
notice the peak of BTC was reported as $19,666 by most news sites (not like a syndicated AP article). Dow down 666 friday. It's like were in a Paddock in las vegas getting shot from room 135... Numerology 135|531 (sum = 666).
Humanity needs to exterminate the people controlling the media.
boarphomet
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BTW 666 is the number of man... it's a reference to Jesus Christ and "IN GOD WE TRUST" (Both cipher to 59)
j e s u s
4 5 6 6 6
27
9
c h r i s t
3 6 5 5 6 7
32
5
Total
= 59
mjers
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nicely done, but the grey support line should find it's start before the "media attention" replacing the grey supportline more horizontally around 5.5 k.
We could see a drop to around 4 k in the despair period.
notice the peak of BTC was reported as $19,666 by most news sites (not like a syndicated AP article). Dow down 666 friday. It's like were in a Paddock in las vegas getting shot from room 135... Numerology 135|531 (sum = 666).
Humanity needs to exterminate the people controlling the media.