It happens every single time

Every single time Bitcoin has been at these record levels of oversold on the weekly timeframe, people declare it dead.
And it just so happens that every time, there is a new narrative for it.
- Bitcoin is useless
- Bitcoin has lost the digital gold race
- Quantum will kill it
- Saylor will be liquidated
- 20k coming
Right now, we are the most oversold on the weekly ever…
So is it a surprise that the FUD is worse than ever?
The funniest thing about this phenomenon is everyone is capable of looking back and seeing this…
But this is the power of emotion.
The fear of the moment convinces people this time it actually is different and it’s actually over.
But this is how everyone felt last time we were at these levels.
Ever wondered why there are never any narratives like this when bitcoin is green?
Because narrative follows price my friends.
And this is why whenever these extremely oversold conditions happen, no one buys, because they fall prey to it, again.
Even though they understand it in principle, the fear paralyses them.
This too shall pass and the ones who act at these levels will be the winners like always.
Are you gonna be a sheep and follow the herd into the “Bitcoin is dead” field…
Or a chad that looks beyond his emotional state and takes action.
I know what I am going to be.
Every single time, apart from one, these weekly oversold levels have marked the bottom.
And the one time it didn't, it only dropped 12% lower for a few weeks.
If you are not buying at these levels because you're waiting for $30k, you're just greedy.
Whatever way you slice it, this is deep value.