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Watch for Bitcoin Weekly Shooting Star Reversal Candle
I've been consistent in my analysis since July of last year (see related ideas). It certainly surpassed my projections. The mainstream media is finally covering bitcoin AFTER it has rallied $2000 or moved up at least 300%. Now, "experts" will explain this rally to you and justify why "this time is different." I view this as a major sell signal (i.e. optimism at extremes).
cnbc.com/2017/05/26/three-reasons-why-this-bitcoin-surge-is-not-the-same.html
Book recommendations:
cnbc.com/2017/05/26/three-reasons-why-this-bitcoin-surge-is-not-the-same.html
Book recommendations:
- Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
- This Time Is Different: Eight Centuries of Financial Folly
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