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It can be the only reason that this has swung so heavily. Looks like shares were being dropped for mates rates this week !!! Expecting a big push up Monday with news possible.
It's the ups and downs of BTC that makes it so attractive to investors, the fomo on the next big rise.
BTC mainstream by 2024 with a few dips, but big increase along the way.
Bitcoin is absolutely self-fulfilling and is without doubt the reason it has managed to see such monumental and sustained rises this year - it's all in the HODL mentality.
The self-fulfilling element is largely why they are useful in my opinion, thousands of traders eyeing up the same moves generates huge buying/selling pressure.
The problem with charts is that if everybody works on the same basis they can end up self-fulfilling, which seems to be trying to happen with Bitcoin. When they have one that forecasts a surprise RNS or a Whale selling then I might have more faith.
Posted other night but incase you missed it a chart showing arb prediction
https://gov.capital/stock/arbkf-stock/
As I said then a quarter will do me well
GLA
By identifying ARB and having some courage, 3.5 years it's taken many of us LTH folk. Knowall.
I don't agree. No genuine chartist would argue that they know what's going to happen from the charts but they can more reliably predict an outcome so that over time they make more successful trades than failures. In other words it gives you a slight edge over the market.
Now, say you start with an initial allocation of £50k, it still might take you twenty years or so until you've made the sort of money that would lead you to stop the 9 to 5 trading to instead live out your life frolicking about on a tiny island in the Indian Ocean.
In my opinion all chart readers are morons. If you could accurately and reliably read a chart nobody would need to trade or invest anymore, the average joe would be a millionaire. Unless ofcourse the internal narcissist has convinced you that somehow you’re special and have a different eye for the charts than the other 7 billion people on this planet.
Casajaluma, there are also quite a lot of videos on youtube saying the world is flat.
Does that make it true as well since there are so many of them and they are all saying the same thing?
Probably not, right. But I'll see you on Monday!
Have a great weekend, everyone! You as well, Casajaluma :)
Jimbo, I suspect your prediction is much more likely than casa's. Have a great weekend all!
Agreed. A crystal ball is a fact - what you see in it isn’t.
Only factual chart is one from the past
Is that before or after Button Moon, Jumbo?
Actually @Argobull, only this morning I was looking at the entrails over the shrine in our temple and they clearly told me that by the next Super Strawberry Moon (look it up) we will not only be on NASDAQ, but, bitcoin will be higher than it was and Argo will have taken us to Jupiter via Scorpio. Soooo, pretty conclusive I'd say wouldn't you?
There are a lot of nonsense numbers spouted on this board Casa - I will ignore yours like I do the rest of them.
Is that a pie chart? If so is it an apple pie, or a blackberry pie? I love a bit of pie with lashings of custard myself, what does samy like!? I think lots of people will be taking a big slice of bitty pie too soon, with some argo custard! Have a super weekend.
the charts for btc re trace point to 43000 if there is not support their it will be in the 30's - so my price is based on factual charts not guesss work - check them out on you tube - there are mny and they all samy the same !!!
Casaj just been reading some of your posts lol do you ever have anything good to say about any share? How much do you earn per post by the way or do you get paid on responses? Genuinely interested to know :)
wrong u will be lucky if its still above 100
No way you wanna be out of this for the weekend.
£2 plus open Monday if BTC breaks $53k
Only you can judge what’s right for you but I know what I’m doing.
Have a good weekend all