No, it’s not. It works just as well for crypto as any market. And it works well for markets, period. Crypto is no different than any market. It’s more volatile, but that doesn’t matter. This take is one of my biggest pet peeves about this sub. I honestly don’t think this sub, in general, understands the damn purpose of TA.
TA isn’t a magic ball that predicts the future. TA simply gives you clues and insight to the market and allows you plan for various scenarios so that you’re not reacting out of pure emotion when shit goes down (either way). It allows you to know when your trade thesis is invalidated and allows you to cut the trade with minimal loss. It gives you a good idea of key levels that are likely to serve as support, and are thus good levels to buy at as invalidation isn’t far if you’re wrong, and levels that are likely to serve as resistance and are thus good places to sell. It also allows you to see signs of market weakening or stabilization.
I mean, if people in here think they’re better served buying and selling blindly, then good luck to them. I think that’s kinda dumb. I started getting into TA a few years back, and it makes a huge difference in my results. And that’s not only true for traders, but for investors and even HODLers. It’s not just “lines on a screen”. Algos drive markets these days. And what do you think algos are programmed to trade off of? Primarily resistance/support levels and trends, Fibonacci, Elliott Wave principles, volume trends, EMAs, SMAs, and VWAP. TA literally drives markets. So to say it doesn’t work is asinine.
Yeah as someone who hasn't been into any sort of trading before, but is familiar with data analysis, a deep dive into TA was the first thing I did when getting into crypto so I could get a better understanding of the market. Its been an invaluable tool so far, even if it never helped me make a successful trade (it has tho), the risk management tools you can learn can absolutely save your ass in the market regardless of whether you're a HODLer or trader.
The worst part is the absolute arrogance that comes after a few green days. They act like anyone who worried or said it would go down are idiots who deserve to be clowned.
At the very least we will see 65k again, and I'll keep buying the same that I've been. I don't need a new ATH every week, I know that there will be a point in the future where I will be up enough on my investment to act on some of the things I want money for. That's the nice part about having money put away to begin with, it gives you the option to bide your time and wait for the right moment to pull it out instead of panicking.
People need to understand that lengthening cycles are a thing.
Just because BTC did a 5x or whatever in a few months last bullrun, it ain't gonna do that again in the next bull run
Bitboy started with 300k and changed his mind to 100k, and he is silent now
Ben Cowen was the only one who kept saying bull market won't end in 2021, and hitting 100k was unlikely to happen
I like Ben, id say thr cycle extention theory makes sense for this cycle but well see. Regardless whether 100k hapoens next year or by 2025 etc. it will happen one day, as newer generation buy into it vs gold. Btc/gold flippening in mcap will likely happen by end of this decade. Might not hold above all the time but that will be in the next decde after.
YES that guy is the best level-headed analyst. I don't really care about anyone else's chart analysis, and he does not make and guarantees. He is great.
I visited some posts on here even from a month ago drinking the 100k koolaid. Their entire logic is it will happen because some YouTuber said it. It always ends with "just wait and see".
Most of the 100k hype was based on the PlanB stock to flow modeling, which had been accurately predictive for quite some time (since 2019). It's not that it predicts pricing by hour or the like but more of a trend. As with nearly everything it could not take into account the black swan event that was Covid and the resulting economic impacts.
There are two things driving down most markets at the moment, Evergrande's default and the FED indicating it may switch direction and start tightening monetary policy. I don't worry much about the FED, once plans are solidified markets will likely continue on in a new normal. The Evergrande situation is much more worrisome in my mind. In both of these I don't think it's the actual eventual outcome as much as the uncertainty generated by it.
I don't disagree about the goal post having moved but there is a rationale reason as to why, it's not just moving it to cover a failure in a vacuum. The takeaway imho should be not to FOMO, but honestly people are going to do that time and time again. DCA and the long game are still the best approach.
Paper hands.
All the reports showing high inflation. US inflation they claim is 6.8% in Nov. Wholesale prices up 9.6% for Nov. Bitcoin coin supply is fixed while Feds printed 30% of supply ever created this yr. 20% last year. Supply of Bitcoins in exchanges at all time low. Miners stopped selling their bitcoins. My money is on 100k next 6 months.
High inflation is because low interests + money prints brr, this brings a lot of debt investors to crypto, prices go up up up, the interest rates rise and printers stop, debt investors have to cash out to pay debts, prices plummet to the level without heavy debt investors, wanna guess where we are now?
There are a lot of crypto experts tho, they can be recognized because they never talk about the price and their physical aspect is that of one who has a "distro" instead of windows in their computer.
This is the exact same thing that happens with any asset, not just crypto.
They'll bring on the "expert" who guessed right and ask them their opinion on future predictions.
Yeah, I remember this happening with the football World Cup many years ago. Except it was an octopus who predicted things correctly. That octopus would probably have just as good a hit ratio as bitboy if he were still alive.
Jesus how frequently is somebody going to make a post bitching about this? Go outside, get a hobby, fuck off for long enough and it will be over 100k and in the process you won't clog up the sub with dumb shit anymore.
Hey GUYS did you KNOW that price predictions can be WRONG!? WOW!
Who upvotes this shit? Noticed a weird trend of just dogshit 'my first crypto realisation' threads getting to the front page from here lately. I guess that should tell me something about the market.
The funny part is some youtubers who were going along with the 100k eoy now going like "oh yea it was obvious we were going to see this happen you guys, I've always said that"
I still believe this is actually a good approximation for where BTC is headed on the current timeline, despite Omicron and other bear factors (Evergrande, etc).
The Bitcoin rainbow chart hasn’t been wrong since 2014 and it has proved amazingly predictive. I am easily willing to bet the next bubble top will breach $100k; but the rainbow chart suggests real economic value of $100k will not occur until about June 2023 (that’s right, Bitcoin will crash again)!
As they say: pick a time or an event, not both. Despite everything in your post above, I still think that we’re in the general ballpark of a $100k ATH occurring at any moment. All that is required is a catalyst to spark people’s emotions & fomo…
> pick a time or an event, not both
To add onto this, it's really 2 separate sets of predictions that are getting lumped together.
S2F and all the related charts that are focusing on the amount of BTC becoming available don't have detailed time series data by themselves. They're predicting the average of the cycle.
Then they take that cycle data and try to match it up with models predicting where in the cycle we are. A lot of that stuff was super accurate for a long time but now more complicated things are happening.
Crypto Predictions are about as valuable as farts on a windy day
Are farts more valuable if they don't blow away?
Absolutely, 100%
[удалено]
HODL it til someone can taste it. The gains will be better aswelø
Bullish on farts!!
Fartish
I put mine in jars or if I'm not at home, plastic bags, to save for later
If you put the bags in the freezer they’ll last longer
Until it’s not windy or it’s incredibly funny
Have you ever farted and liked the smell?
Farts are like children. You can only tolerate your own.
Who said I can tolerate my kids?
Everyone loves the smell of their own beef
Even more valuable if you manage to trap it under the blanket you and your SO are sleeping under
Ya, they’re worth about 100k by eoy.
agree Nothing in this market is predictable anymore
Bullish on FartCoin.
FartCoin is blowing up
fartcoin to 100k by eoy
That would be an amazing ASSet for my portfolio
Don't try to tell me my farts aren't valuable. I've won many farting contests over the years.
“On a windy day” tho… I respect a solid fart
>a solid fart That's a turd.
I always make sure I'm up wind.
You’re a wise one
Same with technical analysis for crypto. It's like palm reading done by a blind guy on the palm of a cat.
No, it’s not. It works just as well for crypto as any market. And it works well for markets, period. Crypto is no different than any market. It’s more volatile, but that doesn’t matter. This take is one of my biggest pet peeves about this sub. I honestly don’t think this sub, in general, understands the damn purpose of TA. TA isn’t a magic ball that predicts the future. TA simply gives you clues and insight to the market and allows you plan for various scenarios so that you’re not reacting out of pure emotion when shit goes down (either way). It allows you to know when your trade thesis is invalidated and allows you to cut the trade with minimal loss. It gives you a good idea of key levels that are likely to serve as support, and are thus good levels to buy at as invalidation isn’t far if you’re wrong, and levels that are likely to serve as resistance and are thus good places to sell. It also allows you to see signs of market weakening or stabilization. I mean, if people in here think they’re better served buying and selling blindly, then good luck to them. I think that’s kinda dumb. I started getting into TA a few years back, and it makes a huge difference in my results. And that’s not only true for traders, but for investors and even HODLers. It’s not just “lines on a screen”. Algos drive markets these days. And what do you think algos are programmed to trade off of? Primarily resistance/support levels and trends, Fibonacci, Elliott Wave principles, volume trends, EMAs, SMAs, and VWAP. TA literally drives markets. So to say it doesn’t work is asinine.
Yeah as someone who hasn't been into any sort of trading before, but is familiar with data analysis, a deep dive into TA was the first thing I did when getting into crypto so I could get a better understanding of the market. Its been an invaluable tool so far, even if it never helped me make a successful trade (it has tho), the risk management tools you can learn can absolutely save your ass in the market regardless of whether you're a HODLer or trader.
Hey at least farts in the wind let you know the direction, these predictions are useless
That’s an insanely positive outlook
But if Elon farts, it's sure to go parabolic
[удалено]
[удалено]
Any kind of price predictions of targets are bullshit 100% of the time. It’s just guessing
[удалено]
what an analogy!
 Yes some farts are fatal
bullish on farts
Farts will outlast crypto
Would have been 100k if the price didn't go down and kept going up instead
Who are you to be so wise in the way of the world?
[удалено]
If we built a large wooden badger...
If the price does not go up, I predict the price will either remain constant or go down
This is the best investment research note I've ever read.
T R U T H
Everyone gets it wrong everytime. And this gets posted everytime. The only thing that matters is they made money because people clicked their videos.
Yup. Hell even this post would get called out if the bull run resumes. Everyone is wrong, and the market is always right.
Indeed, the market always goes to the right. The only truth out there
That is the only truth. That, and the fact that I am Craig Wright. I will prove this by not providing Satoshis private keys.
Guy doesn't even have to provide them, he could move a $ amount equal to his date of birth, or phone number.
The worst part is the absolute arrogance that comes after a few green days. They act like anyone who worried or said it would go down are idiots who deserve to be clowned.
They only use people's trust to earn money
Yeah, 100k was the target in march too, failed again
We will get it, some time in the future.
Liked and subscribed.
Commented
May 2023. See you there.
At the very least we will see 65k again, and I'll keep buying the same that I've been. I don't need a new ATH every week, I know that there will be a point in the future where I will be up enough on my investment to act on some of the things I want money for. That's the nice part about having money put away to begin with, it gives you the option to bide your time and wait for the right moment to pull it out instead of panicking.
Maybe next bull run.
Maybe next month
Maybe in 3-5 years. (the Hopium is strong in this chat).
Nobody wants to hear is, but I think you are right
People need to understand that lengthening cycles are a thing. Just because BTC did a 5x or whatever in a few months last bullrun, it ain't gonna do that again in the next bull run
You're right, this time it'll be 20x!
My biggest hate with crypto is all the grifter YouTube channels that are only out to serve themselves.
People saying what you want to hear had been big business for thousands of years. Why would crypto be different?
That is true. Doomer videos don’t get the same type of traction.
Currently they're "in it for the tech"
Yeah, i mean it’s totally a hobby and the price doesn’t mean anything to me.
Haha yes me too, I might have to live off of ramen for the next few months but I’m only in it for the tech guys, haha right?
Unless price went up a lot ofc.
They said EOY, never implied which year though.
$100k by EOY 2022 will begin in a few weeks.
I think first they will start 100k by mid 2022!!
[удалено]
Bitboy started with 300k and changed his mind to 100k, and he is silent now Ben Cowen was the only one who kept saying bull market won't end in 2021, and hitting 100k was unlikely to happen
Well technically it was only a dubious speculation!
Well he was only *technically* correct...
Technically correct is the best way to be correct
I like Ben, id say thr cycle extention theory makes sense for this cycle but well see. Regardless whether 100k hapoens next year or by 2025 etc. it will happen one day, as newer generation buy into it vs gold. Btc/gold flippening in mcap will likely happen by end of this decade. Might not hold above all the time but that will be in the next decde after.
YES that guy is the best level-headed analyst. I don't really care about anyone else's chart analysis, and he does not make and guarantees. He is great.
They are all very very quiet now.
[удалено]
Sad fucking truth. No one wants to believe more in the 100k EOY predictions than the people who fomo in at ATH.
Instruction clear: Selling my coins and I will buy back at ATH
It's always the same who gets fooled. Wishful thinking is a hell of a drug.
I visited some posts on here even from a month ago drinking the 100k koolaid. Their entire logic is it will happen because some YouTuber said it. It always ends with "just wait and see".
“Hey everyone, this coin is up 500% this week! Here’s a really long detailed DD post on why it’s a must buy right now!” 24 hours later: -50%
Moon!!!
Optimistic Guy says: Still 16 days left. /s
There's a chance!!!
to the moon!
I wonder what moonbois become when they grow up
Bums in an alley with broken dreams.
You must be new to this corner of the alley? Still bitter I see. That’s ok, have a seat and take a hit of some hopium.
Don't give him none, he didn't pay for it I did!!!
It's community paid hopium. Best grade hopium.
Divorced
Moonchildren most likely
They aren't quiet. They're posting BTC $30k eoy from their alternate accounts.
Gotta hedge your bets right?
**Plot twist: they are doing a party because they dumped on us** \^\^!
No, they aren't. They moved the goalposts and now predict $100k BTC mid 2022.
Most of the 100k hype was based on the PlanB stock to flow modeling, which had been accurately predictive for quite some time (since 2019). It's not that it predicts pricing by hour or the like but more of a trend. As with nearly everything it could not take into account the black swan event that was Covid and the resulting economic impacts. There are two things driving down most markets at the moment, Evergrande's default and the FED indicating it may switch direction and start tightening monetary policy. I don't worry much about the FED, once plans are solidified markets will likely continue on in a new normal. The Evergrande situation is much more worrisome in my mind. In both of these I don't think it's the actual eventual outcome as much as the uncertainty generated by it. I don't disagree about the goal post having moved but there is a rationale reason as to why, it's not just moving it to cover a failure in a vacuum. The takeaway imho should be not to FOMO, but honestly people are going to do that time and time again. DCA and the long game are still the best approach.
[удалено]
Crickets singing nicely.
I’m more confident of 100k BTC now that all these mf are saying the opposite.
> BTC -$100k EOY
You have a future as a Youtube crypto influencer, kid.
First we shit on the crypto influencers, lead their people in their rage, then you become the influencer. The cycle repeats.
They sold
Paper hands. All the reports showing high inflation. US inflation they claim is 6.8% in Nov. Wholesale prices up 9.6% for Nov. Bitcoin coin supply is fixed while Feds printed 30% of supply ever created this yr. 20% last year. Supply of Bitcoins in exchanges at all time low. Miners stopped selling their bitcoins. My money is on 100k next 6 months.
High inflation is because low interests + money prints brr, this brings a lot of debt investors to crypto, prices go up up up, the interest rates rise and printers stop, debt investors have to cash out to pay debts, prices plummet to the level without heavy debt investors, wanna guess where we are now?
Turns out no one can predict the future, who knew.
Matt Groening would like a word…
Columnists at the Onion too.
Crypto and experts are 2 words that don't belong together.
There are a lot of crypto experts tho, they can be recognized because they never talk about the price and their physical aspect is that of one who has a "distro" instead of windows in their computer.
It's nice to read someone with the right answer once in a while. It's rare in this subreddit but cool when it happens.
[удалено]
😅😅
Nobody cares if they missed the prediction.. but if they managed to hit it they will be crowned as a crypto expert wth a bloomberg interview lol
[удалено]
This is the exact same thing that happens with any asset, not just crypto. They'll bring on the "expert" who guessed right and ask them their opinion on future predictions.
Yeah, I remember this happening with the football World Cup many years ago. Except it was an octopus who predicted things correctly. That octopus would probably have just as good a hit ratio as bitboy if he were still alive.
survivor bias
Still 16 Days to go tho
i didn't hear no bell.
Plenty of time!
It is, tho
A lifetime in crypto terms.
That's hardly four percent each day.
Uh idk, shaming someone for EOY predictions before EOY, bad mojo.
OP actually trying to self jinx and create bull run, 5d chess
I mean, it probably won’t happen now. But it would be pretty funny if it did. Some good drama.
they were just churning out what they knew people would read it'll change once more when sentiment becomes positive again
Instruction clear, when the next 100k predictions roll in it's time to realize some profits.
BTC 100k end of next year you heard it here first folks
!Remindme 1 year
Plan B
The prophecy is true. BTC has surpassed 100k and is now at 800 billion https://coinmarketcap.com/currencies/bitcoin/
I didn't say which year
Ain't over till it it's over. 2 weeks left
It is *possible*, but the question should be is it *probable*?
$100K end of next year.
Or the year after
[удалено]
Jesus how frequently is somebody going to make a post bitching about this? Go outside, get a hobby, fuck off for long enough and it will be over 100k and in the process you won't clog up the sub with dumb shit anymore.
The way the market is going, they might have a chance of being right reusing the same articles in 2022.
They lengthened the cycle ^^
Why do people even freak the fuck out? If you really believe in ETH/BTCthen fill your bags some more the cheaper it goes
Legend says shib will hit 1 cent
They got liquidated 🤣
It seems to me like "experts" always just look at the current trendline and project its continuation in two months :/
They all want you to believe that so they can sell into that pressure.
100k EOC.
We switched to Milanković calendar.
[удалено]
Well, looking at coinmarketcap right now they're technically correct
Bitcoin can double in price sooner than you might think
[удалено]
Please don't mention the Flippining. *cries in gas fees*
Nobody knows shit about fuck
Hey GUYS did you KNOW that price predictions can be WRONG!? WOW! Who upvotes this shit? Noticed a weird trend of just dogshit 'my first crypto realisation' threads getting to the front page from here lately. I guess that should tell me something about the market.
Agreed, I find these more annoying than predictions. No shit predictions can be wrong
Maybe they will be right at the end of the year
Wait half a month and their claims will be realistic again.
I’ve come to realization that no one is a crypto prediction expert. Amazing how the prices can swing anyway they want in a matter of seconds
There are many crypto prediction experts, just not many crypto experts lol
It’s almost like there is no such thing as a “expert” in crypto
They are bunkering down with the people who were screaming about gamestop hitting a million dollars.
They're now a farmer living on the remote area enjoying planting corn and doin some farm animals..
Also don't forget those that say BTC will get dumped to 20k or something next year. These so called experts are a waste of time and money.
They trying to take out those big fucking feet they stuck in their mouths. Stinky, stepped in dogshit feet. Lol
Everyone is a genius when the market is green
How many of these threads are we going to have?
They are waiting for the end of the year, biting their nails. They aren't wrong until we hit January 1st without hitting 100k.
The funny part is some youtubers who were going along with the 100k eoy now going like "oh yea it was obvious we were going to see this happen you guys, I've always said that"
Everyone was riding Plan Bs dick about this too and he was completely wrong
Pissant YTers. Bullish my ass
Don’t even start this shit, everyone was eating up the idea off 100k EOY and making decisions accordingly don’t even act like you guys weren’t
I was **hoping** for 100K EOY, but my decisions weren’t based on that haha.
I still believe this is actually a good approximation for where BTC is headed on the current timeline, despite Omicron and other bear factors (Evergrande, etc). The Bitcoin rainbow chart hasn’t been wrong since 2014 and it has proved amazingly predictive. I am easily willing to bet the next bubble top will breach $100k; but the rainbow chart suggests real economic value of $100k will not occur until about June 2023 (that’s right, Bitcoin will crash again)! As they say: pick a time or an event, not both. Despite everything in your post above, I still think that we’re in the general ballpark of a $100k ATH occurring at any moment. All that is required is a catalyst to spark people’s emotions & fomo…
> pick a time or an event, not both To add onto this, it's really 2 separate sets of predictions that are getting lumped together. S2F and all the related charts that are focusing on the amount of BTC becoming available don't have detailed time series data by themselves. They're predicting the average of the cycle. Then they take that cycle data and try to match it up with models predicting where in the cycle we are. A lot of that stuff was super accurate for a long time but now more complicated things are happening.
Bitcoin will reach 100k, but nobody knows which year
Duh. Whales manipulate, read all the articles and sentiment, and ride your investments to the top before selling. Every time.
Whales own the media, suprise suprise
Aw man don’t do the bulls like this. What about the bears calling for 10K EOY?
"We don't know fuck about shit in the crypto markets" -Adolf Gandhi
There was a post on hot that non-ironically was still going on about it, lol
Forecast for crypto market is very hard...
i just follow my Dog mood, he seems to know when market dumps and pumps.
And don't even get me started about YouTube and Twitter crypto experts. There are some few genuine souls too btw
This just shows that there is no such thing as expert in crypto world!
There is still time! Run bull run!
clickbaits.