Feeling FOMO? Watch This!

Warning, this video and all other videos on this channel for entertainment purposes Only the content of this video and all other videos on this channel are opinions of the creator only and do not constitute legal, trading, investment or financial advice of any kind. Investing carries a high level of risk and the majority of retail clients lose money. Do not invest happens unless you understand the risk and you are prepared to lose it all. Yo right. Hello and welcome to Camel Finance. I'm your boy Camel and welcome to the week. Welcome to Monday. Bitcoin is once again attempting to break the most important level in finance. So we're going to talk about that. Of course, I'm actually thinking the stocks are now ready for that blowoff top moment as well based on the futures. I just checked really quickly. So I'll show you that. And before we do, I wanted to kind of share some experience with you. Just some experience that I've learned from studying and been doing this a long time because a lot of people are in a lot of pain right now. A lot of people are questioning their own reality because the mind loves to torture you. There's a well doumented phenomenon where investors feel more pain from missing a move than they do from actually losing money. And so I wanted to kind of just tell you about this in case you're unfamiliar with it because I am getting a lot of comments like this where people are saying they're in pain or it sucks or whatever else. And frankly, it's kind of wild if you think about it because it wasn't even that long ago, a month and a half ago, people were trolling me for not selling the spot Bitcoin, right? And now all of a sudden, I bet there's a lot of people that would willingly trade places with me. I often talk about you don't need to be right or wrong. Okay, that's just ego. It's about making money, right? I often talk about how you can be right and still lose money or you can be flat wrong and still do okay and still profit. I often talk about positioning for every single possible outcome all at the same time so that if something insane happens, okay, you can have at least some exposure to the move, right, which keeps the FOMO away. It allows you to maintain some level of neutrality and more importantly be indifferent towards the money so that you can actually apply critical thinking and deal with the things that are going to happen outside of your expectations. And let me break it to you in case you haven't figured this out. Things are going to happen outside your expectations in this game all the time. Okay? Yes, you can go on a nice hot streak where you seem to apparently not be able to lose for a while, but do not confuse that with skill, right? Sometimes everything seems to go your way and other times things will happen outside of your expectation and you have to be aware of that and you have to be able to deal with that. And more importantly, you have to focus your mental energy in places that is conducive to doing better. And that's why I wanted to talk about this cuz I know a lot of people are hurting right now. I understand that. But they're hurting because their brains don't work, which I understand is quite an autistic thing to say. But you can see what I've typed into Google up here. And this is the psychology of regret. Missing a major market move often inflicts deeper psychological wounds than losing money because it triggers a potent mix of counterfactual thinking and identity failure. Why missing out hurts more imagined futures? Okay, there's unbounded scenarios that you could create in your mind about how much your life could have been better or what car you could have been driving or what wife you could have upgraded to had you have hit that 100 bagger. And this of course amplifies the pain of unrealized gains. Personal blame, right? A mistrade feels like a personal failure of judgment. Oh, how much I suck for not buying the pico bottom of a market. And I'm sure going back to what I said about you could be right and still not make any money. How many people have done this? I'm sure we probably all have if you've been in markets any length of time at all, right? I know I've done this several times. How many people have gotten to a bottom and thought to yourself, I'm pretty sure this is the bottom, but I'm not going to buy. And then you watch the market rally and you're like, "Ah, I'm like a deer in the headlights now. I don't know how to act. I don't know how to buy a higher low pullback. I don't know what to do." And instead of look for a nice high probability low to get in on, we start going, "Ah, man. How much money would I have made? Let me calculate this." Right? I would have had five wives instead of the one I got that doesn't respect me. Right? I'm being kind of silly here as you can tell. But it's very easy, isn't it, to imagine this scenario where the only reason you're not in a super yacht right now is because you missed the Bitcoin. bottom by 20K so far. And there is no sense in holding this as a personal failure because let me break it to you as well. You're going to not hit every bottom from now on, okay? No matter how much you think you can learn from what's just happened, assuming the bottom actually wasn't, okay? If you didn't buy it, trust me, it's not going to be the last time you miss a bottom, okay? And it's not going to be the last time you miss a top either. There is no possible way to catch every bottom and top. And I know social media and YouTubers love to convince you otherwise that they can buy every bottom and sell every top, but they can't. Okay? And you have to come to terms with that. Which brings into this, right? Social comparison. Watching your peers profit triggers intense exclusion anxiety. I will say this seems to me at least to be a bit of a sheepish thing. But I guess a lot of people are sheepish. So, but again, this is very low vibrational thinking. Oh, everyone around me is making money and I'm not. Why can't I just be happy for people that got it right? You know, like quite a few people have attempted to troll me on Twitter and said, "Oh, you missed the bottom." Or, "Oh, here we are 20K off the lows and you still haven't bought or whatever." First of all, it's kind of gaslighting anyway. But second of all, they don't seem to realize that like if you caught the bottom, if you are up 20k in a couple of weeks, right, congratulations. I'm genuinely happy for you, right? Why do I have to be salty about that? That is a choice for me to be like, "Ah, I'm really annoyed that that guy's making money and now he's rubbing it in." No, like shame on him. It shows his character for rubbing it in. just enjoy your gains, right? And the fact they feel the need to dunk on people that they're doing better than kind of suggests to me they're not that used to winning anyway, right? That's why it means so much to them. That's why they make it so personal. So hear what I'm saying. Try to learn from it. Try to figure out where you fit on this spectrum. Are you in pain and are you looking at other people's gains and and getting salty about it, right? And if you are, then start to change that. Start to be happy for the people that are doing well. Start to believe in yourself rather than judge yourself as a failure. Right? Just understand there will be a dip to buy. There will be a place to get in. Or let's say there isn't as I got a chart in a minute that shows an up only thing and it's actually more convincing than it might sound. What if you just trade another asset? There's plenty of cryptos. If we miss the complete bottom of Bitcoin, there will be some coin that is lagging, okay, that will soon break out from a base and probably have more upside than Bitcoin anyway, right? What if instead Micro Strategy has a huge shakeout that no one sees coming whilst Bitcoin holds tight? Okay, well maybe we could buy the Micro Strategy dip instead. What if? Here's a crazy idea. Just don't trade Bitcoin at all. Right? That's not a mandatory thing. You could trade gold and silver miners. You could trade stocks. You could trade there's so many things out there. Commodities, those commodities getting warmed up over the last few years. Some of them taking it in turns to rip and pump. They moved incredibly hard and fast. So why are we so attached to picking the pico bottom of this one asset class, right? I'm just saying just some things to consider. And then the last thing is finite versus infinite. actual losses are capped, but missed opportunities sting endlessly because there's no real limit to how high the asset can go. So, to wrap this little section up, which I hope some of you can find some value in. Define the system and stick to a strict written trading plan. Acknowledge you cannot catch every wave, not even close. You're going to be wrong often, and that's fine. You can journal stuff to focus on process quality over profitable outcomes. Manage risk on every trade so you can be out quickly if things go wrong. And most importantly, believe in yourself. Okay? The reason I don't care is because I know I can catch a pump. If I miss, I miss, right? I'm gonna continue to miss. I guarantee you will see me miss more pumps. I guarantee you'll see me miss more tops. I guarantee you'll see me miss more bottoms. But I've been doing this long enough to know if I stick to my system. I will find myself in pumps. I have also learned from experience. Most of the biggest pumps I've been in were the ones I didn't even think were possible. And also some of the pumps that I thought were the biggest potential to completely rip and give me the 100x gains, right? They're the ones that failed the hardest and and the fastest. So, you can never really know. But what you can do is trade a system, stick to that system, take your time, right? And just be happy for people. And you would be surprised how quickly you develop as a trader if you can do this versus just torturing yourself and being in pain over a hypothetical scenario. So, I hope you found this somewhat useful so far. Let's get through a few of these tabs and then we'll head into some charts and find some opportunity to trade. Okay, unemployment may well be around 5.6% as opposed to 4.1 because they have stopped counting the 2.7 million people that left the labor force. So, pretty interesting, right? I just wanted to flag this cuz we didn't do a deep dive. There's no real changes. Anyway, this for me is where I get excited. Okay, I was checking the futures. Look at this. Okay, what is this? I think this is the next leg up. We've been talking about this for a while. You've seen the big yellow squiggle, haven't you? I'm not going to lie. Doesn't it look a lot like this is what's going on right now? I I think it does until proven otherwise. And let's be honest, if we cast our minds back a week, two weeks, how many people thought this was even remotely on the table? Not many if we're being completely honest. Okay, most people are very nervous in here saying this was ridiculous, etc. Sentiment is always a very powerful tool. And I think that you could probably, especially if you're a level three member, expect me to be notifying of new trade setups in the coming days here. Okay? Also, obviously, we covered that in the Saturday video for members. So, that shouldn't be a surprise to anyone. Meanwhile, the Sailor permanent bid continues. Okay, happy days. I'm sure before too much longer, people are going to be celebrating this man as a king again. And I'm sure he's going to continue to smash by every single level as soon as he can find enough dilution in the equity to rotate into spot Bitcoin. Meanwhile, Bitcoin is subtly improving, isn't it? Right, we're above the 50we MA for the first time in 45 weeks. And the 100week MA is up next for the next target, which currently sits at about 89K. Slowly but surely, we are improving. I do want to point to this though. Look how tight these all squeeze together here, right? And at the moment, we're a long way off that. We'll see if they continue to squeeze over the coming months. Remember, I said earlier on, I've got an up only chart that might be more credible than it first sounds. Well, here's gold structure, big cup and handle. I don't think it technically qualifies cuz the handle height is too high, but it's a cup and handle like pattern and it resolves to this. Now, if Bitcoin were to do the same thing, 2.8 mil, it sounds crazy, right? It sounds crazy, but I will say this. Back here, very few people thought this was possible. In fact, if you said this is what comes next for gold, most people would say you were insane. So, are we about to go up only for Bitcoin? No pullbacks, no dips. How's that FOMO feeling, guys? We'll find out. It seems like if we were going to do that left translation in cycle 5, okay, then this is how it would look. Something like this. Even if it only makes it halfway up here, that that would still be in line with my expectations, followed by an extended bare market walk down and decline. So, we'll see, right? We will see. In the more short term, we really do need a higher high. And although we're closer than ever, the absolute reality is nothing has really changed in over a month now, right? We are still underneath the most important level in finance. Yes, we are pushing up towards it, okay? But remember, we've got to pretty much do it this week. Otherwise, we bring into question the cycle low early October. And then once that daily cycle lows in, left trans and failure sets this up. So, I know that sentiment does not agree with this. I know that people don't want to accept it. And again, it will not take much, will it? One good green candle just like this one here, this big pump here like this over here. And I mean, it's go time, right? That is a breakout. That's a higher high close. And we're rocking and rolling in a new bull market. All dips are for buying and it's going to get extremely bullish extremely quickly. Happy days. But just how it takes hardly anything to set this market on fire and start a new bull market. Okay, the same size candle to the downside puts this on the table pretty pronto. And I think in hindsight a lot of people once we get down here we'll say well yeah actually you know what there was a lot of I told you shows a lot of retail buying the lows allegedly and everything else like this, right? It would just be pretty obvious in hindsight. But then you look at some of these cryptos like ETH. I mean that's inherently bullish, right? Unless again today or tomorrow we get the big red downside wick in here and then we're back down to this kind of range lows. Then all of a sudden I would argue this is a pretty lackluster breakout. But so far I would say so good, right? So I think the entire world in finance has their eyes on this level here for Bitcoin. But until such time as we break it, then it is premature I think to be concluding we have the lows in. There's no possible way we could make more lows and that it is up only from here. There's no changes to the precious metals. I think we got the breakout retest and resumption. Working on confirming a daily cycle low. The indicators picked it as you can see. Picked in real time. So, off we go. Happy days. Oil continues to spill after that fake trap thing that we were talking about. So, no surprises there. And the stock market. A lot of people really thought this was insane, didn't they? But it looks a lot to me like we're doing it. So, it's just an idea. But, as I often say, ideas are bulletproof. I'm looking around. I'm seeing good things to come. Right. I think get a little bit of a push from the metals and you'll see me add more positions in the longerterm account in the form of miners and mining stocks and ETFs. As long as we get some follow through today, I can imagine adding some more short-term leverage positions in the US indices. And then I'm going to continue to trade my system on Bitcoin and sit here and wait for something to happen. Okay, if something happens, then we have our if then conditions. And if nothing happens, then a lot of people are about to get humbled. But time will tell. I will say this, the Dixie, ever since the indicator picked that low from back here, the weekly cycle low in here, I've got the daily cycle low. Now we're pushing, right? And then of course when you zoom out, it's another one of those calls that people said, "This is ridiculous." And I still see comments from people saying, "How can you call the dollar to go up or the Dixie to go up and stocks to have a blowoff top and metals to go up, right?" And this is just the laziest question ever. Go and look what happened back here, okay? Overlay the charts, study what happens. It's not as simple as one up, the other down and the inverse of that being true. Meanwhile, according to the cycles, the 10ear should be topping. This is the 10-year yield. And at the same time, we should have the bottom forming in TLT imminently. Is it finally time for the contrarian trade to start to turn around? Is it finally time after all this patience for that patience to be rewarded? I would say we can't be more than a week or two away at this point. And I would also say get back above about 83. And I would suggest the lows are in for this weekly cycle. Ooh, I'm just catching this out the corner of my eye. Right, 9,700. So, the semis are pushing. Okay, long-term account exposure added down here before the trend line breakout and for good reason. And SEC Corp, a clear leader, okay, to the upside at new highs. So, I'm telling you that blowoff top factor in the stocks is a lot more likely than people realize. I'm your boy Camel. If you want to level up your edge and learn how to do this stuff, click here about 10 seconds. And other than that, I'll see you all tomorrow. Until then, all the best from me. Cheers. Bye. fantasy. Rocking the market with his contrarian scream tra like a pro. No fear, no shame. Sticking to his guns in his money game. He's a bad ass. Oh yes indeed. Finance got the key ride.