HODLNaut

@grok do you think that Bitcoin is possibly attempting to bottom here? This adam/eve double bottom pattern is not confirmed until the price breaks above the neckline and with volume. But it is interesting to see the psychology behind the printing of this pattern, it tells me that the buyers are trying to form a bottom. What do you think?

Recent correction on BTC is 𝗪𝗘𝗔𝗞 𝗦𝗔𝗨𝗖𝗘. 😂 It only managed to reach the 𝟬.𝟮𝟯𝟲 𝗙𝗶𝗯𝗼𝗻𝗮𝗰𝗰𝗶 𝗿𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁 before buyers stepped in. The 𝗱𝗼𝘂𝗯𝗹𝗲 𝘁𝗼𝗽 also hasn’t fully played out so far. BTC broke below the neckline, but instead of continuing toward the measured downside target, it wicked into the 𝟬.𝟮𝟯𝟲 𝗙𝗶𝗯 / 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗮𝗿𝗲𝗮 and quickly bounced back toward the neckline. A pullback this shallow, combined with 𝘄𝗲𝗮𝗸 𝗳𝗼𝗹𝗹𝗼𝘄-𝘁𝗵𝗿𝗼𝘂𝗴𝗵 on the double-top breakdown, points to 𝘀𝘁𝗿𝗼𝗻𝗴 𝗯𝘂𝗹𝗹𝗶𝘀𝗵 𝗺𝗼𝗺𝗲𝗻𝘁𝘂𝗺. We’re still early in this new bull market, but so far, it’s a 𝗴𝗼𝗼𝗱 𝗼𝗺𝗲𝗻.

Does anyone else think this could be a sales pitch for CBDCs? The implied message is: if your money is stolen in a hack, don’t worry — we can freeze those funds and return them at the push of a button.

Too early? 😆

🤭🤭 Easy. The weekly candlestick closes in about two days, so I wouldn't celebrate too early, BTC bulls. If that candle closes 𝗔𝗕𝗢𝗩𝗘 the 50-week simple moving average, that would be a pretty significant technical development for the bullish case. 🐂 What I find especially interesting is that BTC barely seemed bothered by the bearish narratives surrounding the CLARITY Act and rate hikes. A lot of people on X and YouTube expected those developments to push the price 𝗗𝗢𝗪𝗡, not up. I was getting ready to buy the dip too. Oh well... 😂 One possibility is 𝗦𝗘𝗟𝗟𝗘𝗥 𝗘𝗫𝗛𝗔𝗨𝗦𝗧𝗜𝗢𝗡—many of the people who wanted to sell may have already sold. Retail interest also seems relatively subdued, so perhaps larger or longer-term buyers are absorbing the supply. But those are just theories. Nobody really knows exactly why millions of market participants are buying and selling at any given moment. If BTC isn't your thing, there are plenty of other areas worth researching: 𝗔𝗜, 𝗽𝘀𝘆𝗰𝗵𝗲𝗱𝗲𝗹𝗶𝗰𝘀, 𝗹𝗼𝗻𝗴𝗲𝘃𝗶𝘁𝘆, 𝗯𝗶𝗼𝘁𝗲𝗰𝗵, and more. Different opportunities come with very different levels of risk. You can also take the more traditional route with diversified ETFs. Generally, greater potential returns come with greater uncertainty and volatility, while diversified investments tend to trade some upside potential for reduced concentration risk. And then there's cash. Cash is useful for liquidity and emergencies, but over long periods inflation can gradually reduce its purchasing power. That's why I think it's worth asking: 𝗪𝗵𝗮𝘁 𝗮𝗺 𝗜 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘀𝗮𝘃𝗶𝗻𝗴 𝗳𝗼𝗿, 𝗮𝗻𝗱 𝗶𝘀 𝗺𝘆 𝗺𝗼𝗻𝗲𝘆 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗲𝗱 𝗮𝗽𝗽𝗿𝗼𝗽𝗿𝗶𝗮𝘁𝗲𝗹𝘆 𝗳𝗼𝗿 𝘁𝗵𝗮𝘁 𝗴𝗼𝗮𝗹? More broadly, I think it's healthy to occasionally question the beliefs about money that we inherited growing up. Maybe you were taught: 𝗠𝗼𝗻𝗲𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗿𝗼𝗼𝘁 𝗼𝗳 𝗮𝗹𝗹 𝗲𝘃𝗶𝗹. Or: 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝘀 𝗯𝗮𝘀𝗶𝗰𝗮𝗹𝗹𝘆 𝗴𝗮𝗺𝗯𝗹𝗶𝗻𝗴. Or: 𝗞𝗲𝗲𝗽𝗶𝗻𝗴 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗯𝗮𝗻𝗸 𝗶𝘀 𝗮𝗹𝘄𝗮𝘆𝘀 𝘁𝗵𝗲 𝘀𝗮𝗳𝗲𝘀𝘁 𝘁𝗵𝗶𝗻𝗴 𝘁𝗼 𝗱𝗼. Those beliefs aren't necessarily right or wrong in every situation. The important question is whether you consciously examined them—or simply inherited them from family, culture, school, or society. That's also one of the things I've personally found fascinating about psychedelic experiences. Psilocybin can temporarily alter patterns of brain connectivity and cognitive flexibility, and some people report that the experience allows them to examine deeply held beliefs from perspectives they hadn't considered before. 🍄🧠 That doesn't mean psychedelics magically make someone financially smarter, nor are they appropriate or safe for everyone. But the broader lesson resonates with me: 𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡 𝗬𝗢𝗨𝗥 𝗣𝗥𝗢𝗚𝗥𝗔𝗠𝗠𝗜𝗡𝗚. Your beliefs about money, success, relationships, status, and even yourself don't have to remain unquestioned simply because you've carried them for decades. And beyond all of that, some psychedelic experiences can produce an extraordinary subjective feeling of interconnectedness, ego dissolution, and unconditional love. ❤️ Whether you interpret that spiritually, psychologically, or neurologically is up to you. 𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡 𝗘𝗩𝗘𝗥𝗬𝗧𝗛𝗜𝗡𝗚—𝗜𝗡𝗖𝗟𝗨𝗗𝗜𝗡𝗚 𝗬𝗢𝗨𝗥 𝗢𝗪𝗡 𝗔𝗦𝗦𝗨𝗠𝗣𝗧𝗜𝗢𝗡𝗦.

Some love comforts you. Some love reminds you that you’re connected to everything. 🍃🍄❤️

Ah yes, the Pyramid of Totally Real Things™: ✝️ Religion — ‘Trust us, we know what happens after you die.’ 📺 CNN/media — ‘We’ll tell you what happened, and conveniently which parts you should be angry about.’ 🏛️ Government — ‘We’re from the government and we’re here to help. Also, you owe us money.’ 💊 Big Pharma — ‘Side effects may include needing another one of our products.’ 💵 Fiat money — ‘This piece of paper has value because we said it does. Please ignore the printer going BRRRR.’ 🏦 The whole system — Somehow all of these institutions require you to have complete faith in them while insisting that faith is only weird when religion asks for it. 😂