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markusrafferty
Sep 25, 2022 2:39 PM

Demystifying crypto; how to trade it without being stolen from 

Bitcoin / U.S. dollarBitstamp

Description

Ultimately there's no need for channels and wedges and such to even be penciled in here since the cycles clearly boil down to some simple ground rules...

1. If you're being encouraged to buy in the red or sell in the blue by anyone with alleged "tenure" then you're speaking to a thief;
2. Forget aiming for the all-time-highs or pico bottoms with any kind of precision and just _keep it simple_;
3. Capitulation comes thick and fast but greed lasts for a while so if in doubt buy in generous chunks and trickle out;
4. The cycles have simmered down massively from "innovator" -> "early adopter" -> "early majority" so anything above 5x for the "late majority" phase is a bonus

The bottom line... don't be too surprised if there's a final WWIII capitulation wick still incoming and _definitely_ don't let them trick you into selling there
Comments
Andy1GP
Timeless post. An update would be appreciated
markusrafferty
@Andy1GP thank you! I posted a great deal on Twitter these last 18 months instead of here but have just started again so BTC and BTC.D updates have been added these last few days
scratchticket
Great post.

Best,
markusrafferty
markusrafferty
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