Dear Perma Bulls, TA is Not Personal
Can't believe I am having to write another one of these, but here's a follow up to:
Since my last post, BTC has done NOTHING at all and more and more aggressively people show up to troll my post. Let me explain something to you.
Technical analysis is NOT PERSONAL. When I bet a bullish harmonic or a bearish harmonic it does not mean I like/dislike the asset in question. It means I like harmonics.
A lot of you seem to treat the market as if it's an extension of your personality. And by extension, you assume anyone shorting anything is all doom and gloom.
IT'S NOT THE CASE. Some of us are entirely agnostic about market direction and we use models/analysis that allows us to estimate our odds. Know how much we can win and lose and then makes lots of bets on those odds for them to play out.
In 2021 I put together models that allowed me to short BTC near the high and then buy it near the low.
The next phase of that model was to short where we are, and so I am doing that.
It will work, or I will learn limitations of the model I've used and improve it for the future.
It's as simple as that.
Since my last post, BTC has done NOTHING at all and more and more aggressively people show up to troll my post. Let me explain something to you.
Technical analysis is NOT PERSONAL. When I bet a bullish harmonic or a bearish harmonic it does not mean I like/dislike the asset in question. It means I like harmonics.
A lot of you seem to treat the market as if it's an extension of your personality. And by extension, you assume anyone shorting anything is all doom and gloom.
IT'S NOT THE CASE. Some of us are entirely agnostic about market direction and we use models/analysis that allows us to estimate our odds. Know how much we can win and lose and then makes lots of bets on those odds for them to play out.
In 2021 I put together models that allowed me to short BTC near the high and then buy it near the low.
The next phase of that model was to short where we are, and so I am doing that.
It will work, or I will learn limitations of the model I've used and improve it for the future.
It's as simple as that.
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