@RobertKalish@BCBacker Also note, the people who sold at that price and blindly followed him - NEVER got a chance to buy back in at that price. Even if they “bought back in” (like him)it was at a higher price.
Take-away is;
Make decisions based on your own convictions, not off of others. Be cautious.
@RobertKalish@BCBacker Actually he is all about looking at the “data” and making his plan accordingly. Plenty of “data” lined up back then, just as he is talking it does now. It did not go as he thought- if it will go this time, we will have to wait and see.
Many people follow his lead, be cautious.
There's a lot of confusion as to why I would post a chart showing a crash of Bitcoin.
Those who follow me know I'm not an attention seeking doomer, I don't enjoy playing the villain, and I back my ideas with data.
I'll present the argument in detail here. 🧵
@BCBacker On January 11, 2024, the closing price of Bitcoin was approximately $46,368.59 USD.
Then it ran to $60k following month. And of course eventually $124k.
Manage your risk, your way.. no one has a crystal ball.
I'm done. I've finished selling all the Bitcoin accumulated at the lows.
The 0.618 retrace was hit this morning. That's it for me. Wild year-long ride. Good luck to Bitcoin.
I still have the 35% from 2018-2019, which is about 8% of my overall portfolio.
Time for the real fun.