Previous 2 bullruns when Gold topped, we took a 32 and 18% dive the days after.
Ironically, in both cases, #bitcoin dumped the 33 days after and found a bottom before going on an absolute run. In both cases, it was exactly 33 days (see comments).
If this were to happen again, we'd find our bottom on 18th of November, which, would very much align with the 1W trendline RSI and 2W triangle RSI.
I am not saying this will happen again, but considering gold has topped, we are probably looking at a few more weeks of shitty PA before we start the final stage of the bullrun.
If we consider 33 days again, 18 november is the date to keep in mind.
Again, not saying it will happen but as always I am here to provide you what I see on charts so that might it happen, you won't be surprised about it.
The difference this time is tho, that we already dumped prior the gold top, so perhaps there isn't much more in it.
Took me good 40 years to learn this .
1. Earn money . Invest money . Make more money .It’s the single most important thing in life . It’s the only thing that will put you through hardship . Friends , relations are great but they have their own issues and problems to deal with. After a while , everybody gets tired of your shit . Only money stays.
2. If you are not born rich , Atleast try to marry rich . Life gets , way , way , way more easier. I have know people who married rich and yes everybody has their own shit to deal with but atleast money is not one of them and that makes life breeze on many days.
if you’re in your 20s and serious about engineering:
study control systems
study embedded programming
study CAD and manufacturing
study system design
study physics and math
study how to explain complex things simply
you’ll build things nobody else can; and make people believe in them
Some thoughts on risk:
1. Your 20’s are a great time to take risks
2. Experiencing loss is how you develop your risk tolerance
3. Better to learn your risk tolerance before big numbers are involved
4. It’s good to take calculated risks, not stupid risks
5. Blowing up isn’t the end of the world, but you really shouldn’t do that. You can take risks, even big risks, without going all in
6. If you do blow up, don’t lose the lesson
7. And lastly. Don’t go levered long Fartcoin at the top
study math.
not for grades.
not for exams.
but because math rewires how you think.
it teaches you precision in chaos.
how to see structure where others see noise.
how to break a giant, messy problem into clean, solvable chunks.
every great engineer, physicist, and builder; whether they admit it or not; stands on mathematical intuition.
math sharpens your reasoning.
it builds pattern recognition.
it gives you the language of reality.
if you can think mathematically,
you can think about anything.
I'm actually insane for sharing this for free but screw it...
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In retrospect, the best things that happen to you come from your exposure to randomness:
a social gathering that you almost didn’t attend where you ended up meeting your spouse,
a risky investment that you almost didn’t make that ended up rewarding you with financial freedom,
a temporary stay in a country where you almost didn’t want to go that ended up being where you built your whole life,
random conversations with strangers that you almost refused out of busyness that ended up being the foundation of lifelong friendships.
In doubt, refrain from your early judgments, the best things that happen in life never look like such at first glance, they only become obvious down the road.