Barely two weeks ago when Bitcoin was trading at $53K I got a few messages from people telling me they should have bought the dip and of course now they had a bad case of FOMO-21.
I reached out to those same people over the weekend letting them know that they got the dip they had been waiting for.
The response was overwhelming:
That’s right. None of those people bought on the very dip they said they were anxiously waiting for.
Just too scary, they said. It may drop a bit more, they said. I’m waiting for a full moon, they said (j/k on that one but you get the idea).
All the people who thought BTC was a good buy at $53K thought it was going lower at $43K on Sunday.
This neatly illustrates the crux of the problem when it comes to trading and investing.
No matter how smart you are, when the pressure is on, you will not behave logically.
Not me, not you, not anyone.
And you can’t really rely on the news to steer you straight. Quite to the contrary.
In a bull market bad news most often marks a pullback bottom, and vice versa.
Case in point see the chart above. BTC becomes legal tender in El Salvador – market drops precipitously. China bans bitcoin for the 48th time – bounce!
Bring in more bad news please!!! 😉
So, with that in mind, everything’s lining up for an epic bull run… starting right now.
We have…
- A 7 week exceptionally strong rally followed by a 3 week pullback (about right).
- A pullback which is 56% of the rally (about right).
- The worst possible news (banning bitcoin in China) unable to drive price down.
- A high probability buy setup at the lows.
This is as perfect as buying opportunities get.
If you want to start using our crypto system just reply to this message and we can jump on a call or Zoom and discuss.
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Have a peachy day.
P.S.: For a good laugh go here.