Yet another analyst :)

[Miz4r]

There is always an excuse if a prediction doesn't come true. Look the world didn't end on December 21st 2012, it will be next year for sure! Yeah right, just come down to earth and admit you don't know shit like the rest of us. Humility is underrated.

LOL, the 21st December was right in the middle of the launchpad for the huge rally that took Bitcoin to $266.

Didn't the 'Mayan mumbo jumbo' say it was the end of an era / start of a new one, not the end of the world.

Maybe it was, but that wasn't my point, you can take any prediction for that matter. Yes the world is changing, it always is. Right now we are sitting on a turning point where the new world is trying to break through but the old world and the old ways are still dominant. It will probably stay like this the next couple of years, but once it breaks through things can go really fast. It could be like the sixties of the last century, or maybe the change will be much bigger this time. Who knows.. we don't, and the Mayans didn't know either. But my point was that we need a healthy dose of self-criticism and humility when trying to predict the future, otherwise things might backfire on us one day.

[BrightAnarchist]

No surprises here, those positive seasonals are still in for another week

Suggest that triangle was wave b and we're starting c up now

[siulynot]

No surprises here, those positive seasonals are still in for another week

Suggest that triangle was wave b and we're starting c up now

most certainly

[lucif]

Look at stocks hehehe =) Bears go homeless last days probably

[phoenix1]

Look at stocks hehehe =) Bears go homeless last days probably

Fortunately my rent is paid in advance 
Still ... a good opportunity missed   

[bitsalame]

There is always an excuse if a prediction doesn't come true. Look the world didn't end on December 21st 2012, it will be next year for sure! Yeah right, just come down to earth and admit you don't know shit like the rest of us. Humility is underrated.

That's precisely the root of cognitive dissonance
And coincidentally what you used as an example was how Leon Festinger first discovered and proposed the concept of cognitive dissonance (doomsday cults).
I recommend reading "When Prophecy Fails: A Social and Psychological Study of a Modern Group That Predicted the Destruction of the World".

Oh, one last thing, there is a phrase that I really like:
"The only difference between religion and science is that when science finds contradictory evidence revises their theories, religion revises the evidence."
You can replace the word 'religion' with just blind belief, fanaticism and ideologies.

[phoenix1]

You make some very good points bitsalame
Not just relevant to trading but also to everyday life ... we all view it through the distorted lenses of our own opinions and beliefs. There are not so many people with truly 'open minds' ... we are programmed first by our parents and then by society. Weeding out the 'bad code', or at least being aware of its existence is extremely difficult to do. That is why true change is so hard to accomplish. To change the world for the best, mostly you have to start with your own mind.
And 'best' is still subjectively determined by our programming ...

[siulynot]

^ please, stay on topic.

[ThickAsThieves]

Just wanna share an observation

[MoogleMuffins]

Just wanna share an observation

https://i.imgur.com/8yshAXK.jpg

^wrong.

[lebing]

Just wanna share an observation

^wrong.

Mooglemuffins has spoken

/endofthread


















but seriously, I dont think this looks so bad in terms of prediction. A consolidating triangle before the next breakout makes sense.

[M4v3R]

you guys are fools if you think we're going to break $120 any time soon.

Ditto.

[dbru77]

Cheers

[samson]

you guys are fools if you think we're going to break $120 any time soon.

Ditto.

lol

[arepo]

you guys are fools if you think we're going to break $120 any time soon.

Ditto.

lol i forgot i said that. don't worry, i turned bear quickly enough. in the bitcoin world, the market can change direction that fast

[siulynot]

you guys are fools if you think we're going to break $120 any time soon.

Ditto.

lol i forgot i said that. don't worry, i turned bear quickly enough. in the bitcoin world, the market can change direction that fast

humility is a virtue.

[arepo]

Lucif, this is my count, what you think?

good call, btw -- you certainly saw it before me.

--arepo

[BrightAnarchist]

I think it's over ya'll. Next week seasonals turn bearish again. Stocks and commodities are breaking down again after hitting heavy resistance/trendlines/triple top levels. And the correlation between bitcoin and stocks remains powerful

I think over the next few weeks will be a good time to be a bear

[N12]

Sell in May and go away.

[siulynot]

Lucif, this is my count, what you think?

good call, btw -- you certainly saw it before me.

--arepo

It got me for a second though... the failed triangle breaking up got me for surprise.