Hi Heajin, as you know I am a regular follower, and I have been doing a lot of thinking on your predictions. Your main prediction, of the massive crash that is incoming to BTC, but also your other predictions where your TA sees massive rises in many altcoin cases.
I also know that you plan to be out of crypto entirely when Bitcoin finally peaks according to your prediction. But here is where my question begins. Why?
If TA is taken purely as TA, and not based on fundamentals, would it then not make more sense to be OUT of Bitcoin entirely but IN altcoins? After all, the TA states they will go up. I know that you believe that the tide of cryptocurrency is linked with the fate of Bitcoin, but is this not a case of emotional/psychological analysis rather than on a purely TA-based approach?
Because taking all your predictions into account, it seems to me that objectively what you are predicting is: 1) Massive decline in Bitcoin 2) Massive increase in most altcoins.
If the charts don't lie, like TA believers often believe, then why the divergence and get out of crypto entirely?
When looking at current affairs this could make sense: Bitcoin could peak because of Segwit2x fork, then crash because of the dump. All the investors would then flock towards altcoins with their profits, thereby making both your predictions of Bitcoin crashing and altcoins skyrocketing come true?
I think you misunderstood. The time it takes BTC to top can be longer than it looks in the chart. If BTC tops for he next month or so, that'll give most Alts time to do their bull runs.
Or, perhaps the crash won't be but a good correction. Not sure exactly until that correction starts.
I'm going to err on the side of safety by going to the side lines not too long from now.
The BTC is topping at Cycle level and so the correction will be severe. That I know for now.
WOW I SAY....Hello, friend. BCH is going nutso. At this rate it might hit your forecast target of 470- 480 by tomorrow or sooner. . Could you keep an eye out on it ;I don’t have charts like you do. In fact I have no charts. I think I shall call you the Omniscient one, maestro, my magician!