Why are trading gurus often wrong at market tops or bottoms?
I recently received an email from the B*itcoin L… channel (where people like P.L. Brandt, Loukas, etc. are members), and it said the following:
The next installment of the 4-Year Cycle.
Exploring the powerful bullish case for Bitcoin, driven by a perfect storm of narratives: institutional adoption, regulatory clarity, and cycle timing. From ETF inflows and corporate treasuries to a pro-crypto U.S. administration, potential interest rate cuts, and surging legitimacy post-halving — signs point to a possible super cycle unfolding.
But honestly, if you know how to read a BTC chart, where exactly do you see a “powerful bullish case for Bitcoin”? Tons of indicators suggest the opposite — even BTC Dominance (BTC.D) doesn’t confirm it.
Wasn’t the move from $16K to $110K already the bullish case?
Based on what I’m seeing in the charts, BTC is likely to cool off for a year, maybe even two. I expect it to come down to at least $50K–$65K before making any significant move upward again. We haven’t even had a proper flash crash yet, which is surprising given everything that’s been going on in the world over the past few months. Something fishy is going on.
I recently received an email from the B*itcoin L… channel (where people like P.L. Brandt, Loukas, etc. are members), and it said the following:
The next installment of the 4-Year Cycle.
Exploring the powerful bullish case for Bitcoin, driven by a perfect storm of narratives: institutional adoption, regulatory clarity, and cycle timing. From ETF inflows and corporate treasuries to a pro-crypto U.S. administration, potential interest rate cuts, and surging legitimacy post-halving — signs point to a possible super cycle unfolding.
But honestly, if you know how to read a BTC chart, where exactly do you see a “powerful bullish case for Bitcoin”? Tons of indicators suggest the opposite — even BTC Dominance (BTC.D) doesn’t confirm it.
Wasn’t the move from $16K to $110K already the bullish case?
Based on what I’m seeing in the charts, BTC is likely to cool off for a year, maybe even two. I expect it to come down to at least $50K–$65K before making any significant move upward again. We haven’t even had a proper flash crash yet, which is surprising given everything that’s been going on in the world over the past few months. Something fishy is going on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.