RunGeoff Run
7.7K posts

RunGeoff Run
@geoff_millar
Runs a bit. Love a challenge. Recruiter extraordinaire. Englishman (born & bred in Guildford, Surrey) proud Dad to 2 sons, partner to @peanut231012. #Arsenal








Now is not the time to be selling and leaving. I know it is hard to relax and have any level of faith right now. The world seems on the edge of collapse, there is fear everywhere... And Bitcoin is very close to closing its 6th monthly red candle in a row. Something that has only ever happened once before. But these kinds of extremes mark the point in which you want to be buying, not selling. You gotta get that into your heads. There have only been a few instances where Bitcoin has put in 6 or 7 monthly green candles. And each time it has started a large correction after. The same is true here, just in reverse. In addition we have: - Monthly MACD about to print 6 red candles. Each cycle, apart from 2022(FTX) this had marked the bottom - 1M RSI below lower than 2015, 2018 bottoms. Again, only FTX low was slightly lower - Price holding above 1M previous ATH levels Basically, this is deep value territory, within a pretty unprecedented correction. We have had 6 red monthly(almost) candles, after the weakest ATH ever, with no true expansion on the 1M RSI for the first time ever. To be at these oversold levels like this, already, is not a sign of what is to come, it is a sign of the end of it imo. It's been a really rough period in the market and has been far worse than I, and i think many other people anticipated. But it does not change the fact that we are now in deep value territory that has marked major market lows. If you have things you want to accumulate, now is the time. Do not wait for lower... because you will always just wait. DCA on the worst feeling days and chill. 6 monthly red candles is as deep of a correction as it gets, and nothing can just keep pushing lower forever, there will be a snap back, and soon. Sure, we can wick into the $50k's as discussed many times, but the vast bulk of this correction is over. This is where you back up the truck.


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