$69,000 Bitcoin incoming. It is. And it is natural.Heed me.
Allow me to share an axiom I came up with a long time ago: If it were going up, it would be going up.
I read charts. Charts record sentiment. Sentiment is what people trade on. The chart records those trades. It tracks the evolution of sentiment. It creates more sentiment, it influences more trades. Like the game of life, from just two or three simple rules, emerge complex, and dynamic patterns. It is feedback. It can become very complex, but it always has structure, and it always repeats - and a very large, very significant portion of it can be predicted, even with relative ease, because the complex must be supported by the simple. This can be followed until a system becomes too complex to be supported by the simple structure, and it reaches a barrier, or it breaks down. We're talking about human emotion, undergone a transformation and represented in the chart space. The energy of the crowd ebbs and flows like a tide… People are excitable, and people become exhausted. This is what you're looking at when you look at a chart.
Pseudoscience? No. Esoteric, maybe.
Esoteric... but nonetheless, real.
The chart simply seeks a kind of balance. The trick is seeing what balance means in a time dependent space... and perhaps in the collective mind.
I'll have more to say on this.
(Be wary of the false reversal happening right now.)
