BITCOIN & ALTCOINS: What will be the first signs of a bottom?
Sentiment drives all price actions. This sentiment is an aspect of duality composed of Fear & Greed. These are opposites of each other and each alone can not be in this world. Both move in waves or cycles and all according to the Fibonacci ratio.
Einsteins Equation: E=MC2
This equation embodies sentiment. Allow me to explain. In the equation, C2 is speed of light that posseses the photoelectric effect, and the basis of all life begins with light. This is shown by plants being able to convert light into energy using water and CO2. So, the energy contained in light can be converted to mass, in other words transferred. Einsteins's equation can go in reverse as Kim Jung Un tries to let the world know he has nuclear weapons.
Having said the above, sentiment is an expression of energy that is chemically conferred. All biologic material absorb specific light frequencies. The amino acids have an aromatic molecular ring and these are designed to absorb uv light of a specific frequency. What happens when your skin absorbs sun light? It gets warm. There is no difference at the molecular and atomic scales, when light is absorbed, energy is gained. This is called the photoelectric effect. This is why AM sunlight contains more UV-a light and has significant impact on your hormone homeostasis while PM sunlight is more rich in UV-b which activates your vitamin D synthesis as well as sulfates cholesterol. Water is the most dielectric chemical and essential for life. It also absorbs light in the form of EZ (Exclusion Zone) and coherent structures. When water takes on EZ structure, it has a plasma crystal structure and acts similar to a semiconductor. So, getting a good dose of sunlight is critical to good health.
When hormones absorb light, it is a quantum event. The gain of energy in a living being in effect reduces entropy. If entropy is allowed to go to equilibrium, then you have a dead body, a non-living mass. So, thoughts and feelings are quantum events. To me, this means that sentiment has to follow the laws of E=MC2.
All the above might seem gibberish and you might be thinking that whatever @haejin's smoking must be the real good stuff! LOL!
For me, the bottom line is that not much can come before sentiment except thought and before that is Perfect Thought. There is a famous saying: "what are words but symbols of symbols; hence twice removed from reality." So, thought is expressed as sentiment, which is reflected in many ways and for cryptos, its seen in its price actions. This is also why measuring price movements can't be perfect as it's twice removed from reality. This is why Elliott Waves need updates and changes with new price actions.
So, what words would I be in the look out for to perhaps signal a sentiment change from Bearish to Bullish? One would be an article from the Main Street Media declaring once again that Bitcoin is DEAD! This has been a reliable indicator of an approaching bottom, that the negative sentiment is ready and about to turn positive. It would represent the throwing in of the towel, or commonly known as capitulation.
I eagerly await the capitulation phase and the main street media to start declaring how Bitcoin is dead. That is when I will deploy my dry powder to buy, Buy, BUY!
Half the time you post i say to myself how grateful I am to be following your page
Same here
Thanks for the upvote and read! Much appreciated!
I can't believe I'm still seeing a price of 4280 dollars for BTC today.
were you expecting higher or lower ?
Lower
Lower
Hell a lot lower!
And hopefully we'll get that fast so that the real coins can shine.
haha thought so seems to be boucning on $4100 but doesnt have the legs to go much higher
Your greatest post to date. Actually you should make more posts like this. Keep up the good work!
I shall!
keep it up..!
Did not expect to read something like this. Quite interesting indeed!
what do you think about neo is it still the same analysis?
" what difference does it make success or failure, wether you go up the ladder or down your position is shaky, stand with your feet on the ground."
Wells put.
NEO update please
Here is the neo update, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/neo-update-a-scenario-for-correction-being-done
thanks again Haejin ! What is your latest opinion on Bitcon Cash ? not TA but your gut feeling ? I just wonder if something is going with china and that maybe Bitcoin cash is going to end up picked up en mass in china which would obvioulsy make the price skyrocket ?
I'm not sensing any inverse correlation to BTC. So far, it has been correlating closely.
good article, as always! let me give you a tip: would be better if you post direct links on twitter instead of a profile url. cheers!
Ugh, I thought I was. Ok, will fix it.
Great read. I do have a question..When you sell your BTC, where do you hold your currency, USD, gold, or other cryptocurrencies? If other cryptos, which ones?
USD