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Do you believe in astrology for men?
1394 sats \ 9 comments \ @rebel_nomad 29 Sep bitcoin
Which is also called "technical analysis" by all of these traders and influencoooors!! ;-)
My take on it is that:

Adoption dictates technicals

I never intended to get anywhere near trading, or fiat maximalist investments of any sorts. I've always been interested in freedom, weird stuff that belongs to the alternative territory, and tech adoption.
But, after getting into Bitcoin and the tech space around it in 2017 as well as gold around 2018, I started watching these lines & stuff for real, thinking that since its all about pattern recognition it will pay off simply trying to grasp it on my own, without any studies haha! Which is how I always get started on anything, actually...
From then on I've always seen technicals as the trajectory that adoption will take, and by now that seems to be a proven fact! I did try to trade it all in 2020, made some wild gains on Ethereum, then lost quite a bit of course, but never my core holding in Bitcoin
Mid 2020 I concluded that its impossible to trade Bitcoin, but still I've been watching the trajectory it takes. Which made it possible for me to buy in again with stablecoins from the ETH gains at 20k early this year.
Bitcoin dominance
The way dominance has shaped up is kinda hilarous. For months or longer astrology for men has suggested that it would totally tank, and I bet thousands of traders have lost a lot on that. I've had a target of ~60-70% for this cycle for years, and the past months all I've been doing is watching out for how it will climb in technical terms.
Right now it is doing that, slowly building a new, and from a technical standpoint almost impossible manner. Which is to be expected when adoption does its thing!
**The next phase of the bull market
This is what I need to do, so please don't project too much maximalism into this. I'm in a situation where I'm not able to work 100% in any fiat mine, but if Bitcoin does what we all think then I'll be able to rotate some of what I have into other assets totally off any radars which will carry me through to the next bullmarket.
For this my goal is to replenish the gold I've survived by selling since 2021, and also I hope to set aside some stablecoins and Monero. The percentage of these things I have no real idea of right now, when we come to that fork of my road in mid to late 2025 that is when I will use technical as well as general analysis of basically anything to decide.
Geopolitics, my own health, the state of freedom in the world, all these things play into it.
In other words, technicals remains subservient to my other priorities, which is the way it should be for most of us in my opinion!
Will I be lured by astrology for men into trading some of the gains in 2025? Maybe, but if so that will be as a very limited and targeted experiment to see if I now have the basic skillsets necessary to actually become a consistent daytrader. Yeah, its better to mention it here in public as well as do separate posts about it if I chose to do that, better to fail in public before it is all gone haha...
**Its all tools after all
My main objective has been super simple since years back: freedom and survival! I'd trade dog & cat coins if I knew I could do that consistently, and especially match the appreciation of Bitcoin long term.
Freedom is the goal! Bitcoin is the best tool, and technical analysis is subservient to both, its as simple as that!
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10 sats \ 0 replies \ @stack_harder 29 Sep
just a bunch of fiat wankers on youtube trying to look like they have the magic secret, yeah, the secret of milking dummies that buy their courses and listen to them.
As Michael Saylor says, 'All your models are destroyed when Godzilla arrives'
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10 sats \ 0 replies \ @rebel_nomad OP 29 Sep
Oh thanks, 1000 sats to write beats relying on astrology for men any day! ;-)
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0 sats \ 0 replies \ @crrdlx 29 Sep
From your title, I was going to write, "I don't believe in astrology for anyone."
Never heard TA referred to as astrology for men, but that's kind of funny (and sad, and an unstated dig at women). To answer that, I lean toward, no, TA and bitcoin don't work. Bitcoin is still too new and in the market discovery phase. It's just too wild and unpredictable. Frankly, I'm not even sure about TA with traffic. That said and to be fair, I know very very little about TA.
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0 sats \ 1 reply \ @User21000000 29 Sep
Life’s easier just focusing on bitcoin and freedom
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0 sats \ 0 replies \ @rebel_nomad OP 29 Sep
Hell yeah, but the other way around for me, at least!
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0 sats \ 3 replies \ @Solomonsatoshi 29 Sep
There is no guarantee Bitcoin will continue to appreciate in value - only past performance showing it does tend to over time. Any analysis seeking to estimate-project future performance must account for all influences upon the protocol and its operating environment ~ which is inherently impossible ~ and so we do have astrology for men ~ and a faith based hopium mysticism substituting for scientific fact based reasoned logic and rigour.
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0 sats \ 2 replies \ @rebel_nomad OP 29 Sep
Yep. If there is a place for it its downstream of all of that, and in most cases then only for timing
It would be super practical to actually be a successful, consistent daytrader though! But that is for a very few only, and they all tend to be psychological wrecks haha!
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0 sats \ 1 reply \ @Solomonsatoshi 29 Sep
Bitcoins tradability naturally makes us try to understand it and how it will behave ~ our motives may be purely selfish and profit motivated ~ but in the process it is unavoidable to invest a lot of effort into trying to better understand the current state of the world and where it is headed. Bitcoin some unexpected but beneficial consequences.
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10 sats \ 0 replies \ @rebel_nomad OP 29 Sep
Oh yeah!
What I've found very useful is that I've been watching the beast consistently for these years, until 2020 even without using candles nor reading any astrology theory!
All of my other analysis perhaps except for gold has been tailored to match how Bitcoin behaves, not the other way around...
This is perhaps what made me hang on through the worst bear market, as well as buy in again in January. My goal is to rebalance what I have a few times each year only, be it cash, gold or Bitcoin!
Another thing in all of this is that selling some Bitcoin in 2025 or late this year will protect the rest, since I could not easily get into a fiat mine even if I wanted ;-)
From 21 to this day selling gold has had that function, actually... Not an easy decision to sell that off too, and for that technical analysis did have some utility, but again as a subset of everything else.
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