Technical analysis by citsvar about Symbol BTC: Buy recommendation (2/9/2024)

Markets move in cycles and based on game theory. Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up.Stocks work like auction. During Bull runs -> Highest payer - bids up the prices and the averages increase.During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices available.It's human nature... Game theory states you buy whilst you can else you will be left behind. during "ATH" prices fly because prices are relative. Where the driver is the credit condition cycle (loose is good) and ofcourse ETFs.***If everyone wants and thinks 150k price. then there do be no or less buyers above 70k.; Majority of people put their PT at a logical level and most likely it's the same for everyone (ie the 150k). A smart trader sells their asset at 70-80% ish value based on resistance level? A level above trader knows game theory - and knows the leveling. If everyone knows about the 70% level, then they level to 50% price. 30% price, etc. If you follow price action during cycles, that's how it worked. High flying stock returns decrease, with volatility increasing.