For those who have been calling me a technical analyst and not a trader, this is for you. I have never tried to sell to sell you any course (even though I have more than 100 requests to do so). You can check my telegram channel and see the trades I have posted, but I won't put the energy to prove you wrong.
All my ideas I post on Trading View are not trading signals, and I never have and will never tell anyone to sell or buy. Whatever I post here is my personal views, and you have the choice to follow me or not.
I would like to end my comment with this quote. “In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -Peter Lynch
P.S. This idea is still valid until further notice :)
We are looking at a big shift in finance world.
+ Scarce and deflationary asset, halvening
+ The most accessible worldwide money/asset ever in human history.
+ and maybe the big money discovered crypto-world and leaving the swiss bank accounts.
In short; there are no, not enough, sellers. Even if the sellers and buyers were perfectly in balance the price should increase at least 10% on yearly basis.
All bigger corrections came at most obvious Fibonacci levels, which most of us refuse to see.
It seems; higher the price little more below the fib is the reversal.
1, ... 233, ...
... 1000, ... 3000, 5000, 8000, 13000?, 21000?
But as long as the price increase, smaller the corrections.
I would appreciate if you redefine the correction level.
Thanks for your share.