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RE: Bitcoin will begin a trend reversal between June 22nd and July 7th.

in #steemit7 years ago

This is some pretty wild philosophy about trends. I think the movements in the market are not necessarily set in a involuntary path like the orbit of the Earth around the sun but it is set in a path based on emotion. There are emotional and psychological cycles that do create trends from voluntary actions.

Nevertheless some pretty far out thinking and if you are a successful trader and investor then great!

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One of the primary lessons Gann taught was that humans are unable to influence trends. Technical charts are, and this goes into what you said about emotion, just a visual representation of the psychological sentiment of the participants. Humans react to time cycles that change trends, we do not create those changes.

Ah I see, it's as if there is a naturally phenomena to the markets as the changing of the seasons and we simply react with the actions that set trends. Wonderful

The one thing I am still skeptic to this post is the prediction of this trend reversal being based on astrological ideas.

Financial Astrology is the third block of financial analysis - it's entirely reserved for the purpose of forecasting. Financial Astrology is merely mathematical psychology based on astronomy.