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GrumpyKitty
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Modern Liberalism is a Mental Disorder


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February 10, 2017, 04:40:42 PM

This morning I thought: "Oh, the price evolution seems fairly stable after the dump. It could be even bullish. And there was no second Chinese dump."

But now I see the micro-uptrends are weaker every time - like outlined in the "Three dead kitten theory". So unfortunately I expect another dump coming in, probably this weekend. 850 is approximately the value where a reversal back to bullish territory could happen, but it could also go as low as 735-780 again.
Why the pessimism today? Most people get terrified when you mention the 800 range, and now you're telling them 700? Tongue

I'm not sure what exact relevance this tweet has to this thread? Cheesy