Arbusers

Yes, I am aware, but it worths checking RSI in several time scales and not only the one that fits to the article.

As we already mentioned several times, the simplest the plan, the most effective.

Thus, today I selected 2 simple and clear lines in order to present the current state of play and the potential uptrend left until the next very important top. But before having a look at our chart, I must tell you that still it is not clear if we are approaching a very important top, or the end of the cycle. The reason for this, is the length of the cycle that appear to be much shorter than what rational thinking would expect.



So this is what these 2 lines show us:
1. A very strong trend line deeply rooted in the inception of BTC will work as a resistance and will make the price to bounce down as we are approaching it. We previously gave more details about this line.
2. The RSI is descending. Contrary to what Youtube entertainers are saying, this line is not parallel one, but a descending one. As you can see on the chart, today's price for RSI is 92.04. If we had to touch this line today the price should be 94.97. That would signal the important top. But as days as passing, this lines price gets slightly lower each day.

To sum up, we are approaching at a very important event. It could be the end of the cycle, or a very important mid term top that would trigger a bigger correction than those we have seen. To quantify this correction, it should be more than 35% which was the biggest correction we have seen since last Spring.

Today's metrics: April the 1st.

i asume this trendline dont include money printing. Corect?

cigo wrote: i asume this trendline dont include money printing. Corect?

This is a chart about BTC.

Like the stock markets, Bitcoin is a psychological roller coster. But who is the opponent really?
Is it the market? Is it the other investors on a zero sum game?

No. The opponent is inside our selves, and it is the man in the mirror we need to win and conquer. Because if your mind and psyche are ready and prepared, then no fear will defeat you.

Constantine Cavafy is a reason why you should learn Greek. His poems are translated to almost all languages of the world, but it is only in Greek that words will electrify your mind and soul. Maybe you will feel something reading in English or your own language, but a huge psychological depth is needed to even feel that something.

So look how Cavafy describes the conquer of the man in the mirror in his poem ''Ithaca'':

Laistrygonians and Cyclops,
angry Poseidon- don't be afraid of them,
you'll never find them on your way
as long as you keep your thoughts raised high,
as long as a rare excitement
stirs your spirit and your body.

Laistrygonians and Cyclops,
wild Poseidon- you won't encounter them
unless you bring them along inside your soul,
unless your soul sets them up in front of you.

Now you may wonder. What Cavafy has to do with Bitcoin? I also mentioned Thucydides in a previous post. If you do wonder about these 2, then go ask Michael Saylor why he is mentioning Aristotle in his tweets about Bitcoin.

And if you find her poor, Ithaka won't have fooled you.
Wise as you will have become, so full of experience,
you will have understood by then what these Ithakas mean.

hahaahhaahahah

Arbusers, you are half businessman and half philosopher.

I already answered to this questions in a previous post. Please have a look as I kept wide open the possibility that no bear market comes after. Please read my words and not what you want to believe. There are no certainties in any market. If an important top comes soon, then a bigger than normal correction is expected. The biggest correction of the last year was some 35%. I would expect something bigger than that. But this is not a bear market, as a bear market is defined in other words. If the end of the cycle is there, then a bear market will come, and the final bottom will be even deeper than a big correction.

You know me. I will again reposition my self on a ''value betting'' mode in the event of an important top. And I will start DCAing again, accompanied by bigger grasps in the deeps of a bear market.

A bear market will mean a cycle of 3-4-5 years again. During this cycle, everything you can't imagine will happen with a final target to get your BTCs from your hands. Then you will need to read my exact previous post to see what you must do.

I will not set exact prices and I will not inform the forum about my actions after that rapidly closing top. I will stop the coverage of BTC and ETH like I stopped the coverage of RDSA some days away. I feel a have a moral duty to inform you guys about the forthcoming top, but after that my duties in helping you create wealth stops.

I hope these help.

CharlieSheen99 wrote: hahaahhaahahah

Arbusers, you are half businessman and half philosopher.

Most powerful people in business are Philosophers first, and then businessmen.

Today's metrics: 18th of April.

This shows what odds fluctuation can produce. It is not bad, as previously explained. The longer it takes, the higher the final top will be.

[/quote]



I will not set exact prices and I will not inform the forum about my actions after that rapidly closing top. I will stop the coverage of BTC and ETH like I stopped the coverage of RDSA some days away. I feel a have a moral duty to inform you guys about the forthcoming top, but after that my duties in helping you create wealth stops.

I hope these help.
[/quote]

Why stop now that more and more members are interested for your trades mate? Hope your decision is not associated with some negative comments from troll members

arbusers wrote:
Today's metrics: 18th of April.

The topic has become very hot.. Love to read it.

apoel81 wrote: Why stop now that more and more members are interested for your trades mate? Hope your decision is not associated with some negative comments from troll members

There is a number of reasons:

First, Google's algorithm punished our forum because we added this crypto and stock market content. Google's algorithm would like to see every forum focusing on one issue, in our case gambling. It was a mistake starting these threads from the heart, without consulting our SEO manager first.

Second, these threads require a lot of time from me, with absolutely no pay back for this dedicated time. Thus I prefer spending some of this time to my family, and my self. I might read some more Cavafy, Taleb and Thucydides.

Today's metrics: April fools day.

Today's metrics: April 5th.

I think common sense and Human history agrees with you Arbusers that bitcoin price will fall soon but IMO i will predict it to be 3 months from now sometime between July and August.

The surge in this Coins things as you said are based on Faith and more because people do not have much use for their money during this pandemic and the best investment for the moment is to use Coins or crypto.

With the lift of restrictions that should commence in few weeks, people will be forced to sell alot so the can have cash to invest in more physical things, Buy businesses, Open new ones or invest in their falling ones. But this will all happen in 1 month or 2 after the restrictions are lifted.

Of course, if they are not, I really dont see why bitcoins should decrease in value.