/biz/ - Business & Finance

>>9552748
>>9552880
>>9552719
>>9553580

This is what's gonna happen. Check em.

>>9552518
>>9552515
>>9552584


No, maybe I should start one. Gonna tripcode this post for now in case people would be interested in a longer analysis tmrw when I'm not sleepy.

I threw this pic together in photoshop to better highlight what I meant. Ignore the rorschach-y symmetry it's more to highlight how perfect this looks. Almost as if they've been 'painting' this the whole time. Just ask yourself if you saw this chart in a years time, would you think 'oh man it was so obvious!' whether you want to believe this is the inherent nature of certain functions and shapes representing human behaviour on large enough timescales, or whether you believe its because of conspiring market movers who paint these charts to cause ever increasing FOMO, to make you feel like the market behaves so predictably on some timescales but so irrationally and terrifyingly on shorter ones, I don't know, that's down to your personal biases. I believe it's a bit of both, yes cognitive biases and patterns exist, but certainly people exploit and exaggerate these.

Regardless I believe this low volume is essentially the hallmark of the bottom of the cup, then we'll be coming back to near ATH in december leading to a double fake out as normies tell themselves 'this time I'll cash out early' then end up FOMOing even harder when the price doesn't crash. You could argue this is a self fulfilling prophecy, as Soros calls it 'reflexivity' where the lack of a crash makes people think 'this time it IS different' and they FOMO in harder, creating the ATH at the end of the handle.

I like to think of this like a playbook, humans have certain biases and fears that can be 'set up' into position with minimal manipulation, and then triggered. Market makers can't just arbitrarily pump and dump, it wouldn't be efficient, statistically their expected profit would be negative over time. Instead they are like the first domino, they set up the pieces and then trigger the crowd.