Bitcoin permabulls will be right in the long-run.

Eventually, one of their "bottom is in calls" will be right.

But these people have built a reputation with their followers and their entire identity is tied to being bullish on the asset.

They can't show any doubt.

They can't appear weak in their beliefs.

So they double (and even triple) down on bullish analysis.

They zoom out even more.

Then that fails.

They pull out miscellaneous indicators.

Then that fails also.

They create new "proprietary" signals.

Rinse and repeat, until they are eventually right and can say "I told you so".

Zero intellectual honest and zero integrity.

They don't care about making money (or keeping it).

They only care about sounding right so that they can pound their chest and proclaim that they were bullish at the bottom.

You need to be ultra wary of these people.

They aren't analysts.

They aren't actual investors.

They are really struggling in this market.

And that forces them to pound the table even harder.

It's desperation, not conviction.

Stay diligent and careful of who you follow.

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