notme
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January 15, 2014, 07:27:48 PM



If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.