It looks like you are losing your temper so i can only guess how well technical analysis worked for you. Keep it up and take all the money from the clueless people that we are.
Hm...
Oh well. We had a good run (since early July, to be precise).
First time in quite a while I reduced my btc position substantially. I'm still in, never go full fiat
, and I consider consolidation still slightly more likely than a major crash, but I also believe the chance of a sudden breakout upwards is somewhat lower than a similarly powerful breakout downwards, so there you go.
Guess I'm putting the old adage "...be greedy when others are fearful" to a test.
EDIT: not because of Baidu, by the way. Fuck Baidu
First time in quite a while I reduced my btc position substantially. I'm still in, never go full fiat
, and I consider consolidation still slightly more likely than a major crash, but I also believe the chance of a sudden breakout upwards is somewhat lower than a similarly powerful breakout downwards, so there you go.Guess I'm putting the old adage "...be greedy when others are fearful" to a test.
EDIT: not because of Baidu, by the way. Fuck Baidu
Price was around 1050 at that point (mtgox).
Anyway, I never called an entire group of people "clueless" and that I somehow "take their money". I call people that bullshit about the worthlessness of TA clueless.
If I misunderstood you, and you're just pointing out a particularly weak point in OP's analysis, my apologies. But if you doubt TA as a whole: well, guess what? You probably shouldn't actively trade, since that would gambling, wouldn't it? Buy & Hold is your game then, I guess.