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This could be a sign the bottom is in. The model has been super accurate on the 4 hour but at the price of $22K it could be a turnaround.  We need it to flash dark green and then for a green dot to appear on the mean reversion and of course Trend flipping blue. 

It has been one month - this will be an interesting test but I give it an 80% chance of a solid result upwards from here. 

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Anonymous

Is this an opportunity for us to sell if we bought higher and buy back immediate lower? Wash rule? Gives us write off next year and we can lower our average cost?

Anonymous

I look at weekly and even monthly candles for the macro. no way bottom is in. The pain has months to come. That said, no one can time the bottom just as no one can time the top and it’s ok to miss both. If I had money I might slowly start DCA in.

Anonymous

No one except the wallet that had a massive BTC sell order at $69,000...otherwise yes :)

Anonymous

although I think you can keep claiming it though.. 3k one year, 3k the next year. So you can lose 50k this year and then spread that out indefinitely. https://www.investopedia.com/terms/c/capital-loss-carryover.asp

Anonymous

As for buying back lower. currently, yes BUT if build back better goes through it will add the wash sale rule to crypto. This will be retroactive for all of 2022. (rules - you’re barred from buying a substantially identical security in the 30 days before and after you sell them.)