Bitcoin well above 22,6K do is it continuing?

[MiltonStone]

Will the bitcoin continue to grow rapid like that in price?

 

[clemens]

It's soon going down to 10K!

 

[void]

tell us why, when‌ and how much you bet on this

 

[MiltonStone]

It's already falling 1K since I posted the thread!!

 

[JackAlabama]

It will very obviously go to 0... like it did countless times already.

and what‍ exactly does this prove? 😉

 

[Martin Everson]

Yup that's called volatility....lol.

 

[fortunespeculator]

As far as i understand unless it breaks 24 k on the upside or 18k‌ on the downside it is going to ebb and flow in this range.

 

[JackAlabama]

There is no law of physics inherent to these levels like gravity.⁠

 

[wonderfulboy]

that's a good one to remember.

 

[fortunespeculator]

The law is in economics Jack:
Demand and Supply.

 

[JackAlabama]

Demand n supply is not TA astrology 😉

 

[fortunespeculator]

Well it seems‌ at these levels demand and supply reverses hence i have said the above.I dont know‍ Technical Analysis or charts in detail for that matter.

 

[fortunespeculator]

If you remember Jack ,we had that discussion once when Golden Fleece was‍ pointing out patterns in charts and i had said that i dont know charts or⁠ TA and you were telling me that i have missed nothing if i didnt know⁤ TA astrology.But this part that i have mentioned here is based on observation that between⁣ 18k and 24 k is the range for now and demand and supply kind of⁢ getting reversed at those points- basically either accumulation or distribution going on but it will︀ be clear only on hindsight which one it is with the breakout on either side.︁

If i'm right on the above then i want to know how many will invest︂ in my hedge fund that i am opening in cyprus soon 😛.

I use simple︃ hypothesis with logical thinking and price action to make money , no mumbo jumbos like︄ the so called experts.If anyone interested then they can join me in my hedge fund︅ endeavor in cyprus.

 

[khinkali]

If the price is between X and Y now and does not⁠ exceed Y nor fall below X during some period, then it must have remained in⁤ the range between X and Y for the whole period.

I agree that what you⁣ wrote is true. I think it will be hard to find a useful application for⁢ this. other than labelling the past.

Even gravity is a fictitious force. 🙂

 

[EliasIT]

It will sky rock the next time !

 

[fortunespeculator]

Yes it‌ will i am sure but not very soon i think

Range traders can trade when its︀ between 18-24 k.But i am more of a breakout trader so i have to wait︁ either to go short or go long in a meaningful way.So instead of waiting for︂ BTC,i am trading other markets for the time being and working on other business opportunities.And︃ as livermore said to just relax and go fishing when there are no good opportunities︄ in the market to fish for.You must know when to double up and when to︅ fold.

 

[khinkali]

If the price has between X and Y⁠ for some amount of time and then either exceeds Y or falls below X, then⁤ it must have broken out from the range between X and Y.

I agree that⁣ what you wrote is true. I think it will be hard to find a useful⁢ application for this. other than labelling the past.

I'm not sure that picking numbers︁ such as 18k to 24k and watching for a break out in either direction would︂ tell me the future price direction. But then, I don't believe in price action trading.︃

 

[fortunespeculator]

I think proof︀ is in the pudding ,all of my wealth is made this way.Not much maybe but︁ just about 11 million $.I am looking for a partner to setup a hedgefund in︂ cyprus.I do have other businesses from where i make money.But 80% is from the trading.︃

I didnt pick the numbers of 18︇ k and 24 k from thin air they were real prices from where the turns︈ happened.

 

[clemens]

Thank you‍ for advise, everything is to be considered if one want to make money with crypto⁠ investments.

 

[erni]

I needed it to rise to dy but it did the opposite, damn crypto market!‌