Exactly. We dont have a free market. We have a market that carefully designed by the central banks, and enacted by the whales and algos. I believe technical analysis is just a red herring.
However, if OP has found something in Q drops that point to this kind of market analysis, I will be very curious to see it.
Now, if you said, these people ACTUALLY KNOW THE FUTURE of price...I may be compelled to reconsider.
Not only do they KNOW THE FUTURE price, but they DECIDE the future price, and then they steer the markets in that direction, precise steps.
The way I look at these technical analyses is that they are optics - a cover - to explain the movements they make to steer the market, by providing an alternate explanation via the technicals.
What makes me say this? Why do I believe this? Because this is how FIAT system via stock market / derivative based economy operates. Print money, then launder it via the stock market (amongst other avenues) and channel it not only to their buddies, but in the process fund whatever ventures that are friendly to them, punish whatever ventures go against them.
END THE ENDLESS
Happy to have a much longer discussion about this, but I dont think there are many Anon who don't believe at this point that the entire "free market" is really a centrally planned economy, by indirect means.
Open your mind, and believe that not only do Dragons exist...BUT they can also be conquered...-Chesterton
Only if you have a war chest bigger than, lets say, Blackrocks for starters. Because the momentum that controls the market is backed by the endless printing of fiat currency by the Fed and channeled via entities like Blackrock.
Bottom line...read the wave principle by RW Elliot
I am assuming that you are referring to Wave Principle by Ralph Nelson Elliot. (Not sure who RW Elliot is). Yes, Elliot claims that the markets move in wave patterns, which themselves are made of further waves in a fractal pattern, and this forms the basis of various technical analyses, no doubt the same in this post as well.
There are a couple problems with this:
He never explains how these waves are created, except a bit of handwaving and collective psychology.
Its impossible to historically prove this theory since the identification of these waves themselves are subjective and there is always intense debate between analysts as to what exactly constitutes a particular wave.
This subjectivity leads to confirmation bias where people pick and choose whatever waves that confirms their suppositions and ignore when they dont.
If this wave theory was indeed true, it would provide ample opportunity to arbitrage and profit, while at the same time, due to market efficiency, end up flattening the waves.
In short - if the market were free and efficient you would not be seeing this kind o wave patterns in the first place.
and we have had this same conversation oh about every time I post something that gets any attention in this regard.
I have no time to keep track of who makes what posts or with whom I have had this same conversation. Whenever I come across a technical analyses post, I would alway respond to it with my view that markets are fixed and there is no organic market movement - because that is what I believe, and thats what I learnt from the Q drop related to the markets.
There is a financial component to any War in this world, and wouldn't Q, given everything else, be remiss if this was unavailable in its drops?
Q has provided plenty of hints regarding the financial market being controlled. Just off the top of my mind:
I know there were drops about FTC and Sherman act and even pointing at a precise 666 drop in stock market hinting its intentional. Financial markets are a BIG part of the Cabal control system, and I am surprised people who have studied Q might have missed this.
This is why learning "Smart Money" concepts and fundamentals are so important. We know the markets are manipulated, but there are patterns to how they are manipulated and the goal is to make money ALONG WITH the market movers. Like a little fish hitching a ride with a shark.
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be had many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
Halving should be happening around April of 2024. Every halvening has led to a bull cycle. This doesn't mean it will happen this time, but it's note worthy. Inflation and recession will play a big role and creates a bit of mystery.
The market is designed for retail to lose as much money as possible by trying to shake you out. If a bigger dip is to happen, first there is most likely to be a small dip towards $35k, a rally up to $50k, then met the bigger dip begin. The market is designed to mess with your emotions and shake you out in a way to lose. Remember this and don't act on your emotions.
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.
You gotta explain what that means to those who dont understand these technical graphs.
Exactly. We dont have a free market. We have a market that carefully designed by the central banks, and enacted by the whales and algos. I believe technical analysis is just a red herring.
However, if OP has found something in Q drops that point to this kind of market analysis, I will be very curious to see it.
Not only do they KNOW THE FUTURE price, but they DECIDE the future price, and then they steer the markets in that direction, precise steps.
The way I look at these technical analyses is that they are optics - a cover - to explain the movements they make to steer the market, by providing an alternate explanation via the technicals.
What makes me say this? Why do I believe this? Because this is how FIAT system via stock market / derivative based economy operates. Print money, then launder it via the stock market (amongst other avenues) and channel it not only to their buddies, but in the process fund whatever ventures that are friendly to them, punish whatever ventures go against them.
Happy to have a much longer discussion about this, but I dont think there are many Anon who don't believe at this point that the entire "free market" is really a centrally planned economy, by indirect means.
Only if you have a war chest bigger than, lets say, Blackrocks for starters. Because the momentum that controls the market is backed by the endless printing of fiat currency by the Fed and channeled via entities like Blackrock.
I am assuming that you are referring to Wave Principle by Ralph Nelson Elliot. (Not sure who RW Elliot is). Yes, Elliot claims that the markets move in wave patterns, which themselves are made of further waves in a fractal pattern, and this forms the basis of various technical analyses, no doubt the same in this post as well.
There are a couple problems with this:
He never explains how these waves are created, except a bit of handwaving and collective psychology.
Its impossible to historically prove this theory since the identification of these waves themselves are subjective and there is always intense debate between analysts as to what exactly constitutes a particular wave.
This subjectivity leads to confirmation bias where people pick and choose whatever waves that confirms their suppositions and ignore when they dont.
If this wave theory was indeed true, it would provide ample opportunity to arbitrage and profit, while at the same time, due to market efficiency, end up flattening the waves.
In short - if the market were free and efficient you would not be seeing this kind o wave patterns in the first place.
I have no time to keep track of who makes what posts or with whom I have had this same conversation. Whenever I come across a technical analyses post, I would alway respond to it with my view that markets are fixed and there is no organic market movement - because that is what I believe, and thats what I learnt from the Q drop related to the markets.
Q has provided plenty of hints regarding the financial market being controlled. Just off the top of my mind:
u/#q4961
I know there were drops about FTC and Sherman act and even pointing at a precise 666 drop in stock market hinting its intentional. Financial markets are a BIG part of the Cabal control system, and I am surprised people who have studied Q might have missed this.
This is why learning "Smart Money" concepts and fundamentals are so important. We know the markets are manipulated, but there are patterns to how they are manipulated and the goal is to make money ALONG WITH the market movers. Like a little fish hitching a ride with a shark.
If I understand this correctly, BTC is projected for a correction with a price target of about $12.5k to $8k?
I would love to buy more BTC at those prices you mentioned!
Typing on phone so bear with me here
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be had many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
Halving should be happening around April of 2024. Every halvening has led to a bull cycle. This doesn't mean it will happen this time, but it's note worthy. Inflation and recession will play a big role and creates a bit of mystery.
The market is designed for retail to lose as much money as possible by trying to shake you out. If a bigger dip is to happen, first there is most likely to be a small dip towards $35k, a rally up to $50k, then met the bigger dip begin. The market is designed to mess with your emotions and shake you out in a way to lose. Remember this and don't act on your emotions.
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.
one more dip before the rip.
halving coming.
we get to see if BTC is strong enough to survive the next banker attack on it. ETFs are popping up.
the banks will try to tokenize a token. basically the same money changer trick gold to paper they do.
yes, same conclusion. different reasons.