sex with a gorilla

Today I’m sick of watching the shit show that is the crypto market so I’m going to do my best to educate you on the psychology behind market crashes and how they end.

It’s like this.

Imagine you are a Bitcoin bull back in late March. 

You’ve just seen BTC break out from its trading range with exceptional strength and speed.

The future looks bright.

But there’s a flip side to a market moving up so quickly.

More profits for traders increases the temptation to TAKE PROFITS.

This usually expresses itself as a kind of game theory prisoner dilemma where as soon as the market starts falling, the weakest hands bank their profits as quick as they can.

This adds selling pressure, which drives the market down.

At this stage it's usually balanced by sideline bulls who missed out on the move but want to get positioned on any dip.

Now.. here’s the kicker.

At this stage there are some pretend tough guy diamond hands who have to be faked out of their positions to exhaust selling pressure before the uptrend can resume.

Which is what happened. Note the usual form of this is for the second leg down to be way faster and scarier than the first leg.

This is because when everyone who was thinking of selling actually sells there is a temporary exhaustion of sellers.

No more sellers and the bulls can try and establish a floor and take control.

You can see that this usually happens in a FRACTAL nature.

With a 2-legged down move where each leg down is in itself a tiny 2 legged down move

Note how the second 1-2-3 is faster, bigger and scarier than the first 1-2-3!

That’s important to understand.

When you are trying to time a bottom fishing entry you have to understand that's a high degree of difficulty thing.

It’s unbelievably stupid to draw a fib extention/trendline/support line and say “it’s gonna stop here”... because sex with a gorilla (over when the gorilla says)

So how do you do it? 

How do you pick it like a nasty booger?

Well you look for a 2 legged pullback, where you can clearly see little 2 legged pullbacks inside each leg down.

And then you check that the second leg is more powerful and scary and faster than the first, and the last bit is the scariest horrorshow of all.

Right now bears are expecting another leg down. 

The safe-ish time to get long is when the market breaks that pattern.

That *may* happen today.

It doesn’t mean an end to the bear market, but it’s the first step in establishing that the market has stopped shitting the bed.

Watch closely for it today.

As it happens that pattern is the basis for my long/short system which crushes in both bull and bear markets.

I put together a webinar with the full rules (nothing held back)

You can watch it here 

And if you want my help implementing it I’m pretty sure I can save you some ball-ache… click here to book a call 

Scott