A prediction of mine from 8 Feb is right so far.
I published it in my Fib levels post of 10 Feb. I might as well milk it for all it’s worth while it remains correct!
This is the chart I’ve been using – the arrows are unchanged since I first drew them.
Why am I showing you this now? To demonstrate how good I am? No – that’s not it. Okay, that is it a little bit, but there is more to it than that!
There is much excitement in the crypto world at the moment. People are making a mountain out of a molehill. The molehill is the little price climb that BTC did on 8 Feb. I’ve seen posts about how BTC is holding its gains and how it will climb further. I’ve seen many people very bullish on forums. I’ve seen positive price movement in coins which shouldn’t have it. This is insane when seen in terms of the bigger chart.
Where was all this talk on 06 January during a very similar price movement? What about 17 to 20 December 2018? What about 27 November? (See chart below).
Back then it was all doom and gloom, what’s changed since then? One of those little rallies was the same size as the one now, one was considerably larger and the other one was FAR larger!
Be careful! This is not the time to get caught up in hype, it’s too soon! Look at my upper chart again, it’s going as predicted – nothing is out of the ordinary. I still expect BTC to run similar to how my arrows are running.
I know it’s been a long bear market. I know that being bearing on crypto when it is so young and so promising is crazy. But I also know that we will go sideways before we go up. Give it a few months, then get excited!
Yours in crypto
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”
~ John Maynard Keynes