/biz/ - Business & Finance

i would consider myself very bearish, yet i am slowly getting occasional FOMO ticks
granted, i didnt lose thousands like the mouthbreathing normies who bought the top, i took an x5 very early, before btc even reached 10k
i could have easily made it into x10 or x20 but like i said, i am VERY bearish
i am waiting out for the price to go down to $2000 fully knowing it might not happen considering price action during the last bubbles

so far, we only touched support #2 once, however if we DO touch it a 2nd time anytime soon and fail to rally up by a significant amount, consider it another freefall down to support #3 at $2000

pic is from January 11th

thank me later

I want to LARP as a stock market analyst and do some meme line TA too

the 6 month long support at above 6k was actually the last major bear trap during the mania phase, note how it dipped down to 5500 which was a "pseudo" support during 1st week of september 2017 since it wasnt the actual close

we are currently approaching the 2nd to last major bear trap at point blank 3k, i assume we will bart up and down inbetween 3k and 4k for a while now, maybe another 2 or 3 months until this 3k support gets crushed aswell

the next bear trap was at roughly 1800 so keep in mind if we dip down below 3000, its a straight forward rush to below 2000, it will be a fun -30% day with lots of pink wojaks

the last (first) bear traps are very close to each other so i cant really tell which one wll end up being the real support but either way, those are both below 1000

following a "normal" linear growth line (not pictured), as of now we reached 2000 as the "healthy" normal price timewise, if we go below that then we officially entered depression in which we will drop to at least 1000, maybe even lower

from then on, return to mean and another bullmarket

if you are hardcore FOMOing, buy at 2000 and be ready to lose 50%
if you have balls of steel and able to live with lifelong regret of missing out AGAIN, buy at 1000
if you are a madman, wait for ~500 and do a x100 long