Some of you might remember a couple weeks ago when I posted this....just wanted to post with a comparative vs the latest BTC daily chart.
People claimed for so long that bitcoin and cryptos aren't a bubble......proof that the market always does what it's supposed to do. Bitcoin is almost identically following the stereotype for an economic bubble....just as we predicted.
Once again, parabolic chart patterns can NEVER sustain, and will always pullback huge.
Stay safe everyone. Times like these are why I just make short trades and won't typically hold anything longer than a day or two max.
Your point in parabolic growth is absolutely right. Glad someone else gets it, stay safe out there.
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Yea, people called me an idiot and said I didn't know what I was talking about for a long time. This pullback was totally predictable -- however I never would have predicted the bubble go that high....nuts.
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Greater fool theory...
Bitcoin is running out of fools who are expecting it to go higher
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Precisely....the dumb money comes in late and it goes vertical. They eventually run out of money and smart money starts taking profits.
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