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Author Topic: Things will always work out differently  (Read 219 times)
Refrumatrix (OP)
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December 09, 2021, 07:06:50 AM
 #1

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

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December 09, 2021, 08:13:07 AM
 #2

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past
The charts are different from both years but there goes the saying about 'cycles' and that's why you see speculations and analyses that are including the past year's chart.
It is okay if we don't know what will happen by the end of this year and we're already near to it. We're going to see if it will be as good as last year and will be continuing the bull run that it has started.

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December 09, 2021, 08:18:40 AM
 #3

Right.. People comparing the past without knowing that  market sometimes fails to repeat the history itself, probably good traders knows abou that. Wherein even though there's always an accurate pattern or structure that always exists in the graph it still not a good reason to rely in it because the fact that market isn't perfect it can always cause losses after all.
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December 09, 2021, 08:48:49 AM
 #4

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

I have never been a big friend of all that trend analysis stuff. I saw video of a crypto influencer a week ago or so where he predicted that Bitcoin will make a breakout in the next few days because in the chart analysis you can see that... and then the next day BTC dropped from 57k$ to 47k$  Cheesy. So yes maybe you can predict something sometimes from chart patterns that happen a lot of times but as you already said, just because the chart behaved that way a few months or years ago it doesn't necessarily mean that the chart will behave exactly like that in the future. In the end i think the market is almost impossible to predict.
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December 09, 2021, 09:08:24 AM
 #5

I have never been a big friend of all that trend analysis stuff. I saw video of a crypto influencer a week ago or so where he predicted that Bitcoin will make a breakout in the next few days because in the chart analysis you can see that... and then the next day BTC dropped from 57k$ to 47k$  Cheesy. (...) In the end i think the market is almost impossible to predict.

If you don't have inner knowledge, it is impossible without the almost. I have always had the suspicion that TA is like the horoscope, and since I read Taleb's Black Swan, that suspicion has turned into conviction. But don't say it loud, you will make a lot of enemies here who are "experts in trading" (who not? everything has gone nuts since the beginning of crypto, so chances of making money are high).

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December 09, 2021, 09:27:41 AM
 #6

I couldn't agree more. There was that first dip around November 25th and many of the analysts I was reading were talking about the market just correcting itself, and things were still bullish, and one guy compared that dip to one from a previous year when the price jumped right back up. Then the market took it's second big dive on like November 28th and suddenly some of the same analysts are second guessing themselves while others are still trying to compare this chart to some other one from a previous year. Honestly, I'm starting to get a little sick of it lol.. I know history repeats itself and indicators do have lots of accuracy, but in the end you just never know what the market is going to do. At this point, in some of the articles I read analysts now say it could be like this at least into early 2022 (just basically consolidation between like $44k and $52k) and very few are still saying the bulls could come back (these are FXStreet articles, Cointelegraph articles, Twitter users..etc). Of course, things can happen when you least expect them. Look at NFL games - everyone bets on Tom Brady to cover the spread against the worst team in the league and that will be one of the few weekends out of the year his team won't cover  Grin

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December 09, 2021, 09:38:20 AM
 #7

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past
2017 and 2021, things are much different, graphic factors, movement, analysis, predictions have been discussed very often here, the meaning of the word everyone is aware, crypto moves and retreats based on investors/whales and sellers/buyers.

2017, investors/whales, didn't know much about crypto, so they swallowed all the coins in the crypto market, coins at that time could be counted on the fingers.
2021, investors/whales, busy making their own coins, so not interested in other coins, they are busy pushing their own coins, so don't expect Altcoins this december, which is expected to be like 2017.

Different from Bitcoin, it's a single crypto, all investors/whales plant seeds there, to be developed into private coins.

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December 09, 2021, 09:42:48 AM
 #8

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past
Charts aren't crystal balls that will predict the future.
In crypto market, there are no such things as certainties but only probabilities. What happened last 2017 might happen this year or it might not.

The point here is we are just basing our analysis on its price movement in the past but the reality is we don't what "exactly" will happen in the future and nobody knows. Many are expecting that this month will be more bullish on Bitcoin but it seems that it didn't happen. I disagree though with what you said that it will never work the same way as the past. I think the correct phrase for that is it might work the same or it might not Smiley.

 
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December 09, 2021, 10:02:24 AM
 #9

Graphs are very difficult to predict how they will run, whether they will go up or down it is very difficult to provide a truly accurate explanation of well-made speculations.
But on the other hand, if you look at history, there are certain cycles that can be used as a reference because things like this keep repeating themselves.
regardless of what happened no one knows but for the past few years the cycle has always been the same
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December 09, 2021, 10:30:32 AM
 #10

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

Technical analysis uses previous data or available data in order to predict the market this will includes the 2017 bull chart market and you can do anything about it since that's how technical analysis works. You look for existing data > compare it or make analysis out of it and that's all it's either right or wrong, sometimes it works and sometimes not so it's not for you to tell if it will work out differently or not.

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December 09, 2021, 10:34:49 AM
 #11

The opposite of expectations has always come true in this market. We have experienced such scenarios many times before.
We should buy at the prices we target, regardless of fear pumping. I'm going to buy around 43000 and 40000 and hopefully I'll earn some money.

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December 09, 2021, 11:20:29 AM
 #12

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

Yeah that's right but in my opinion it is also not that bad to somehow based speculations or either analysis on past markets data or let's say History. If you ever have been existing since 2017 and experience the bull and bear market already, or been existing in the market since then, you'll definitely understand where they are coming from. So don't laugh at them, for me it is very rude though. Lol.

Some people are just using their past experiences to make profit, and it's not bad, I consider it wise to be honest, because it is like learning from experiences. And a person who always learn from his/her mistakes or experience are at some point is always ahead to those who don't.
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December 09, 2021, 02:28:38 PM
 #13

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

I think that's how it works because the chart is not always accurate! The crypto market moves like a mystery that's why no one can exactly predict its outcome even in a short period of time it always changes so whatever the outcome is? one thing is for sure the crypto market will always bounce back, that's why there's no reason to be panicked it's already December so what can we expect? a dump or a massive pump for that question it's better to observe wait and see.  
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December 09, 2021, 02:55:10 PM
 #14

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past
I agree to you that now things never work out as expected but you have to remember that these charts are only used to determine the possibilities and with not certainty. These charts helps us decide wether to buy or sell according to analysis. We have saw the rally in metaverse Alts in november and followed by dump in December. Bull run will happen soon faster than the dump is.
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December 09, 2021, 02:58:44 PM
 #15

What is clear is that adoption has been different from last year, it is by no means a good benchmark if you reflect on the movement of Bitcoin from 2017. Just look at how the condition of Bitcoin this year alone has rallied more than 2x or 3x. The difference shows how complicated the current price movements are which will always be a mystery at the end of the year. Not a few people compare the phenomenon of 2017 with now, but it is too far to be compared.

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December 09, 2021, 03:25:11 PM
 #16

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same?
People didn't know if there are lots of things that were also affecting the market. Sometimes it can become even stronger but it can also try to give the opposite thing like this time. People are blindly believing with the yearly chart. i remember that those who have been saying that 4 year cycle will always come but it's not yet proven this time. The charts are totally different but if we are seeing for the all time chart and the potential to bounce back again will always there.


Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past
So many things can come together like omicron, congress hearing news and many more. The news can change the climate anytime. sometimes it can be very bullish and bearish. People should not always rely with TA. So many people are only thinking about their TA without try to see about the fundamental of market itself. Even something bad happened with the big country can give direct impact to the crypto.
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December 09, 2021, 03:25:55 PM
 #17

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past
If it happens exactly what happened before then this cryptocurrency market will burst out and no one can claim tha5it will happen like that. You are just comparing to make your investment or trading strategy without doing any analysis we can't simply assume what will happen next because no one has that magic ball to find out about future.

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December 09, 2021, 03:30:57 PM
 #18

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

Well you have to understand where are those analyst are coming from, those TA really needs to find pattern instead of anomaly and that's what they come up, similar to 2017 bullrun or 2013 and then created their own conclusions.

And that's why TA is not a exact science, it's just a prediction that could be a hit or miss. If it a hit then good for us, Bitcoin could be $100k and so other altcoins will have their new all time high. If not then we might be entering a bearish trend because of some factors, i.e. omicron news and Feds tapering.

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December 09, 2021, 03:34:34 PM
 #19

I told many that charts can be deceiving at times but many don't believe me, some even go and bring out 2017 bull chart and start comparing to 2021 charts so now tell me are the charts still the same? Whatever is going to happen in this December still lies in mystery 🤣😂🤣, things will never work the same way as the past

You are absolutely correct here. Even I have seen some people comparing the charts to previous cycles and predicting the future price.
While it may be a possibility, depending on it is foolishness in my perspective. History can show us how the market can behave but not what will happen in future.
If the market has pumped in the end of the year in previous bull cycles doesn't mean it has to pump this year as well.
The market can go in either direction without depending on the previous cycles and that's about it.

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December 09, 2021, 04:04:47 PM
 #20

Lol Cheesy well for me one thing is certain right now and that is BTC isn't going to reach 100k this year again, the dream and hope is all gone now also tomorrow will determine the fate of crypto market cos inflation (ICP data) happens tomorrow so things can go side ways pretty fast

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