BTCUSD - Thoughts Beyond the Fixed Mindset of “Finding a Bottom”Bitcoin / U.S. dollarBITSTAMP:BTCUSDEthosInvestThe persistent expectation of hitting bottom can be quite emotionally draining. Absolutely no one on the planet can pinpoint the exact moment of this turning point. All we know today is: 1) The BTC chart is in a downtrend; 2) The candlesticks are testing support on the weekly chart. That said, it makes no sense to idealize a bottom and a return to that old, financially and emotionally more comfortable region. Honestly, I believe it will take quite a while before the candlesticks settle at a bottom and begin to show signs of recovery on the weekly chart, and only then... after a pivot, a serious technical signal, will the candlesticks, ideally, start rising again. The key issue for investors today must definitely involve stepping away from this emotional strain and focusing on finding a way to invest without risking the emotional toll characteristic of BTC’s volatility. This high volatility must not be allowed to dictate your own cycles of euphoria and depression. Diversification is a primary defense that should definitely not be ignored. There is much to discuss, but for now, this is the message. If I could summarize it, I would say not to believe in something too much, but also not to be so skeptical. Temperance is what should govern. As part of my strategy, I have been considering and practicing for years how to use this cryptocurrency’s volatility to my advantage. In this chart, I show rectangular and narrowing patterns that have been developing for several days as the market grapples with uncertainty about what the next move will be following the last major drop down to the support level that has held so far on the weekly chart. The candlesticks cannot remain in this zigzag pattern forever—although they often persist for a long time, offering opportunities both within the consolidation and upon breaking out of it. In the attachment below, I’ve included the previous analyses I’ve published here, aimed at capitalizing on the opportunities this volatility creates. Stay tuned if you’re interested in following these updates, which I’ll be posting frequently.