Post
Topic
Board Speculation
Re: Parabolic blowoff top or Rounded top
by
jamietao
on 31/08/2021, 20:48:56 UTC
When Bitcoin goes down, it usually does it very fast. The fact that there has been 3 weeks of a narrow range at the top could also be a bullish sign. It was quite common in the bull markets of the past to have longer periods of stability without growth. The market is undecided for now, but I'm sure that a big move will happen very soon.
Mate you gotta look at the psychology plus the history, not just the history.

Back in 2013 there was a double blowofftop. So in 2016/2017 people were expecting a double blowofftop. Thats why it kept going up and up and up. What happened in the end? Just one big massive long blowofftop, not two. Followed by a very long bear market.

Now I'm 2021, people are looking back and are expecting a massive blowofftop followed by a bear market. You gotta think two steps ahead mate.