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Inflection point
There are times when a pebble can start an avalanche.
And by pebble, I mean some sneaky asshole with a few hundred million worth of BTC to sell.
For that to happen 3 things have to be present
1) Low volatility
2) Low liquidity, like a holiday or a Sunday or the Asian session
3) A very significant inflection point within striking distance
Right now we have the lowest hourly ATR reading since… right before the last crash (extra oh-fuck)
It’s heading into Sunday… which not for nothing was the same day as the last crash.
And the crash before that.
Aww crap.
So we have the preconditions where an evil banker type could kick over a few pebbles, cause an avalanche, wait for bitcoin to crash… and scoop up some BTC at a huge discount.
Will that happen? I don’t know, but if I had a few hunnerd milly I’d be thinking about it, so I can’t be the only one.
So what’s an inflection point and how do I recognize them?
An INFLECTION POINT is a point where either the bull case or the bear case becomes untenable if it’s crossed.
Let me explain.
At any point the market can only be in a bull market, bear market, or sideways market, right?
It’s impossible to argue we are in a bull market right now.
But we might be in a sideways trading range, in which case we SHOULD bounce hard now.
Except we aren’t bouncing like we should be, given that stocks are bouncing and crypto isn’t.
A little drop from here and bitcoin bulls have to give it up and admit they are wrong… hunker down and wait for the next cycle.
A decent bounce and bulls keep hope alive… hanging by a thread but a thirsty man in the desert has to take what he can get.
So a little drop from here potentially sets up a cascading crash.
That green line should trigger a wave of selling… because it’s smart to sell there and try and catch a bargain later.
My spidey sense is tingling here.
There’s a huge opportunity for market manipulation right now, and a huge reward for anyone with the stones to pull it off.
I’ll be watching this like a shit-hawk and I’ll keep you informed.
How should you play it?
Well if it crashes you either want to be in stablecoins/cash or BTC. Nothing else.
Yeah I know your alts are down a lot but they gonna get extra rekt with sprinkles on top if that support doesn’t hold.
I’ve got a bunch of capital waiting with some stinky bids on BTC at 15K just in case.
Here’s the good news.
IF it crashes… crashes in bear markets mark the END, not the beginning.
It would be a good opportunity to scoop up some cheap BTC (not alts, they are gonna stay dead for a while, people don’t forget so quickly)
Oh, a reminder that spots for my live webinar teaching my Crypto Salary System are filling up fast.
I have a limited zoom account so if you have any interest make sure you put your name down.
It’s the only method I know that is consistently printing money right through the bear market.
I’m pretty proud of it, its the best system I’ve ever designed… and I’m excited to show it to everyone.
It’s not some kind of bullshit bait-and-switch either, I show the whole enchilada, give you the written rules, instruction videos, slides… everything you need.
CLICK HERE to register before it fills up
Scott