Quote from: lixer on December 04, 2020, 12:26:48 PM

Technicals are not always right, they are sometimes right and sometimes wrong, we do not know which one this will be. However, I have to say ever since $14k the greed index has been looking like it is skyrocketing and bitcoin still didn't stopped and finally broke the ATH price for example. People assumed we weren't breaking it and we were dropping and look where we are right now, finally over the ATH price after 3 years.

In the past 3 years there has been some people who even went as far as saying we would never break the ATH price, and we proved them wrong as well. Do not ever doubt bitcoin price, I am not saying it will not go down, it always goes down eventually, but never assume it will not go to certain price but it can be at any price any moment and shock you.

Do not believe everything technicals say, we are in a world where technicals means nothing right now and everything is purely human at this point. Humans makes mistakes all the time, not even just about bitcoin, they make mistakes about basically everything. Which means even if technicals show that it should be going down, even if people should sell, even if everything basically says get out, people will not do it because there is a hype going around bitcoin and they want to be a part of this hype, which is why they will not let it go.

This is going to be a bit tough because we can't continue to go up forever, hence at some point people will stop, however when they stop it will not be about technicals since almost all of us do not look at that to make a decision.