Interest Is Generally Lost During Heavy Corrections And Bear Markets📉🧸
“This Will Go Down Forever, Nobody Is Buying”
Sounds like…
“This Will Never Go Down, We Are Going To The F@&£ing Moon!🌕”
It Is Just What Happens During The Peaks 🏔 AND These Lows!📉(Fig 1)
Fig 1: Diagram To Illustrate Market EmotionI’m Not Saying This Is The Bottom, However The Worse Sentiment Is, The Closer To The Bottom We Become😰✅
As Cryptoman Ran Said After The May Crash, “I Know When We Are Near The Bottom When People Are Extra Salty!🧂”
Fig 2: Image Of Salt BaeLet’s Check Out The Macro Picture:
Fig 3: $BTC Chart On Weekly Time Frame- On The Weekly Chart, Current Price Action Is Bringing Price To The Macro Trend Line. Remember We Are Still In A Macro UPTREND⬆️
- Fib Extension Drawn From Previous Macro Swing Low To Swing High. $BTC Sitting Beautifully In Golden Pocket Area🌟
- Is Price In Wave 5 Of Elliot Wave Theory Now?🤔💭📉
Fig 4: Graph Illustrating Mayer Multiple - Mayer Multiple (Fig 4) Sitting At 0.89 (Jan6th)🤔
- Mayer Multiple (Fig 4) Is An Equation Between The Current Market Value And How It Deviates From The 200 Day MA📚
- Throughout $BTC History The Average Mayer Multiple Figure Has Been 1.43 = 76%+ Higher Than It Is Sitting At Present
Fig 5: Chart Illustrating Hash Ribbons- Fig 5 Shows The $BTC Chart On The Weekly Time Frame With Vertical Lines Drawn At The Hash Ribbon Blue Buy Signals📈🤔
- The Red Vertical Line Represents The Most Recent Buy Signal When $BTC Was Approximately $37K💵
- All Blue Vertical Bars Represent Buy Signals Where Price NEVER Returns Below The Price When Buy Signal Is Triggered (>90% Success Rate)🤔💭
- Apart From….The Yellow Vertical Bar - The Black Swan Event Of March 2020 (I Need Say No More😴)
- By The Theory Described, $BTC Should Not Go Below $33K Again - If You Trust The Hash Ribbon Theory📚
Fig 6: Graph Illustrating Fear And Greed As A Measurement - Back To Where We Began, EMOTION😭😁
- Fig 6 Shows The Variance In Fear And Greed Over Previous 12 Months🗓
- Times Of Extreme Fear Are Met With Aggressive Increase In Price Action⬆️🧂
- Likewise, Times Of Extreme Greed Are Then Met With Periods Of Aggressive Downwards Price Action⬇️🌕
I Hope This Read Gives You Confidence In Your Investment Mindset - Buying/Selling Is EASY! Controlling Your Mindset Is The HARDEST Part🧠💥🌟
Both Ran And Sheldon Openly State On CB That Despite Their Success They Still Find The Mindset Difficult To Control!
Remember How You Feel Now While Price Has Been Moving Downwards, Keeping You On Edge, The BANG!💥 Down It Goes Again! Remember a BIG ENTITY Will Buy All The Coins You Sell At Macro Support! 💰
Stay Safe Out There: Don’t Be Fooled!💥
#️⃣Please Check Out My Profile For More Info On Coins Such As; $LUNA And $FTM#️⃣
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