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RE: You know why it is so gosh dang hard to trade Bitcoin?
On the other hand, we can just use this information to make really smart trades with the knowledge that volatility up increases the velocity of volatility downward. Also a lot of these pumps are straight up speculation on fundamentals and can be timed even easier if that's the case (because we know when the fundamental thing is being released).
It also tells us that if we buy on the biggest down days, we are likely to see a positive return if we just... HODL. :)
Or lately sell the news or official release. Eg Bakkt but I see your point. We can expect to see a good upswing on a capitulation to the downside and vice versa in Bitcoin, more so than other assets.
Yes the dump on Bakkt was unfortunate, perhaps not entirely unexpected, but most likely had nothing to do with Bakkt itself. The market dynamics were such that just a little bit of selling was enough to trigger stop losses and margin calls which really exacerbated the move down.
Good point. The news is often just the catalyst that started the move off. Jeff Cooper says the news breaks with the cycles NOT the other way around...
Yep. Charts give possibilities, they still need a catalyst one way or the other.
Exactly. It is people’s perception and emotions that are really at play, the charts and lines make it more technical looking.
Although I do like that actually, I’m fascinated by the technicals and that so many exist.
We should have a perception vs emotion indicator? 🤔