RE: Bitcoin will begin a trend reversal between June 22nd and July 7th.

You are viewing a single comment's thread from:

Bitcoin will begin a trend reversal between June 22nd and July 7th.

in steemit •  6 years ago 

This is some pretty wild philosophy about trends. I think the movements in the market are not necessarily set in a involuntary path like the orbit of the Earth around the sun but it is set in a path based on emotion. There are emotional and psychological cycles that do create trends from voluntary actions.

Nevertheless some pretty far out thinking and if you are a successful trader and investor then great!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

One of the primary lessons Gann taught was that humans are unable to influence trends. Technical charts are, and this goes into what you said about emotion, just a visual representation of the psychological sentiment of the participants. Humans react to time cycles that change trends, we do not create those changes.

Ah I see, it's as if there is a naturally phenomena to the markets as the changing of the seasons and we simply react with the actions that set trends. Wonderful

The one thing I am still skeptic to this post is the prediction of this trend reversal being based on astrological ideas.

Financial Astrology is the third block of financial analysis - it's entirely reserved for the purpose of forecasting. Financial Astrology is merely mathematical psychology based on astronomy.