Quote from: summonerrk on Today at 08:24:28 PM

Quote from: necudo on October 25, 2022, 07:49:02 AM

I've been holding BTC since 2020. 2 weeks ago when inflation data came out saying core CPI went up a lot i sold my BTC at 18,000$.At first it seemed i made right choice since stocks went almost -3% premarket and i thought we're gonna have final capitulation in both stocks and BTC, that it will go down to 13-15k.

Well when market opened everything just went up, ended like almost +3% at the end of the day. It was the perfect explanation why you shouldn't time the market. I made a huge mistake and i really refuse to buy BTC at now higher price.
It really seems BTC bottomed at 17.5k and stocks(SP 500) at 3480.

Now market is pumping like crazy,its obvious we won't go back to 18k or below.
Good luck to all, i hope you're smarter than me

The price market does not obey any laws. I've been in trading for more than ten years and I know what I'm talking about. No one knows where the price will go in a minute. The only way to predict the furthest course of the price is the support and resistance levels. As well as trend levels. But you can't rely on them, the market price passes through them quite often, but not more than 50 percent of the time.

Here is a screenshot of yesterday's Bitcoin growth with my graphical trend lines and levels. As you can see, the price is predictable. And now I think it will grow to 30k. And then it will drop to 18 or 8k.
https://telegra.ph/file/a3265f3afbfb5e32bce1c.jpg

Great opinion! If the price of bitcoin drops below $20,000 it will be a great time to buy altcoins