Geometric Thinking Update
By Jim Fredrickson
I haven’t tweeted out a broadcast message recently, figuring that those who value my forecasts are likely already registered and visiting at the free chat channel every day.
However, I feel a sense of urgency to warn people that we are in a moment of likely change. It is a time of “energy point” of a nature that does not happen every day. The market is likely to break upwards, or downwards, very soon.
Like everyone else I would love to have it break upwards, with the start of a great bull market. But I doubt that will happen for two reasons:
- No one has the extra cash to invest in coins these days. Not with 30 million unemployed in America alone.
- Everyone seems to be expecting a rally as a result of the halvening. In my experience the masses are almost always wrong at the turn. If the masses are expecting a rally, a fall is more likely, imho.
- It is entirely possible that the break will be upwards. It is possible, though not likely. Those on the sidelines should be ready to jump in should that happen.
I would urge you to either get into a stablecoin now, or tighten up the stops. If a rally does begin and I am mistaken, you can always re-enter in a couple days…
40 coins mined in 2009 by Satoshi have been moved. To my understanding that has never happened. We are in a very precarious moment. Not a good time to be inattentive.
This is not financial advice, just words of wisdom from someone who has seen it all over the past few decades. Do with it what you will. Happy Trading!