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Today’s edition is brought to you by Sensible - your new secret weapon for growing your Bitcoin and Ethereum bags. |
Start growing your crypto today 👉 Skip the waitlist with code MILKROAD |
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GM. This is Milk Road. Today is Opposite Day. |
(Markets are down? Good! Time to go shopping.) |
Here’s what we got for you today: |
✍️ These 5 charts will crush your market fears ✍️ Is $BTC nearing the bottom of its dip? 🥛 PRO “Where are we in the cycle?” indicators 🎙️ The Milk Road Show: Will Bitcoin Drop to $77K Before a New ATH? w/ Paul Mampilly 🍪 We just launched our own DEX! Milk Road Swap is the only DEX that allows you to trade Ethereum and Solana tokens in a single interface 💪 |
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5 CHARTS PROVING WHY YOU SHOULD EMBRACE THE CURRENT MARKET BLEED 🩸 |
Welcome to Milk Man Meditation, where we take your fears around the current crypto market and shrink them with the power of context. |
Please find a comfortable spot on the floor, assume the lotus position, and focus your mind. |
Let’s start by acknowledging everyone’s current fears: |
Yes, the market is in full ‘downward dog’ right now… |
Bitcoin, Ethereum, and Solana are down roughly 10-20% over the past 7 days – the total crypto market is down 12% – and the stock market is dumping alongside it. |
That sucks, and it doesn’t feel good. BUT! |
It’s all basic, boilerplate market behavior (more basic than “Live, Love, Laugh” posters, or Kyle’s coffee mug that reads “No talky till I have my coffee”). |
Not convinced? Let’s jump into some charts… |
1/ $BTC 2015-2017 bull run |
In the 2015-2017 bull cycle, Bitcoin experienced 20-40%+ pullbacks 12 times in total! 😨 |
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2/ $BTC 2019-2021 bull run |
Last bull cycle? Bitcoin experienced 20-60%+ pullbacks a total of 9 times! 😧 |
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3/ $BTC 2022 low - Present |
From November 2022 till today, we’ve been hit with 20-30%+ pullbacks 6 times already. 🤨 |
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4/ $SOL has been on an even bumpier rollercoaster over the years… |
Since 2021, Solana has seen 6 – wait for it – 35-95% pullbacks! 😮 |
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5/ And $ETH has been pulling similar numbers… |
Since 2021, Ethereum has seen 20-80%+ pullbacks a total of 8 times! 🫢 |
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Scary? Sure. But here’s the thing… |
It all trends up over time. |
Everything we’re experiencing right now is just a teeny tiny part of a decades-long secular trend. |
And all you need to do to capitalize on it is: |
Take a long-term view Ignore any noise these pullbacks create (Ear Muffs 😉) Flip your perception to see any pullbacks that occur outside of ‘cycle top’ territory (which we’re not in yet) as a buying opportunity |
As for the pullback we’re in right now? Repeat after me: |
“This too shall pass.” |
And once it does, we’ll be ready for our next leg up. |
Want a chart to prove it? Keep scrolling to the next story. 👇 |
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| | So you have a stack of $BTC and $ETH? (Nice!) | Now – what are you doing to grow that stash in the meantime? | Onchain yield strategies are a great set n’ forget option – problem is, they can get real complicated, real fast! | That’s where Sensible comes in – it’s the easiest way to earn yield on your crypto (no manual bridging, no bouncing between multiple wallets, and no handbook required)! | Here’s what you can look forward to: | Earn up to 8% APY on $BTC and $ETH* ✅ Stay in control with secure, self-custodial accounts ✅ Integrated with Coinbase (& backed by Coinbase Ventures) ✅ No minimum deposits (withdraw anytime) ✅ | Plus: The first 250 Milk Road readers to deposit on Sensible will get their first deposit matched, up to $15 USD. | Start growing your crypto today 👉 Skip the waitlist with code MILKROAD** | *Yields are variable, not guaranteed and not controlled by Sensible. Over the last 30 days, BTC averaged 2.34% APY and ETH 3.23% APY. Sensible uses protocols like Gauntlet's wrapped Bitcoin product on Morpho, and wrapped staked Ether in order to generate yield. | **Disclaimer: Hey Roadies! A reality check from the Milk Man: I know my dairy, not your dollars. This partner content isn't financial advice. |
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COTD: IS $BTC NEARING THE BOTTOM OF ITS DIP? 📊 |
Below is a chart that tracks Bitcoin’s price action against the 14-day Relative Strength Index (RSI). |
When you hear ‘RSI’ think ‘momentum tracker’. |
And over the past two-and-a-bit years, every time the RSI has hit (or dipped below) ~30, it has indicated that Bitcoin is about to go into ‘grind sideways’ mode, before starting its next leg up. |
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Which leaves us with what we’d classify as: good, bad, and great news. |
Good news: We should be nearing the bottom of this current dip. 💪 Bad news: We might not flip immediately back into ‘up only’ mode (if the pattern in this chart continues, we’re probably going to sit in a boring-ass range for weeks/months) 😴 Great news: if this chart is anything to go by, once $BTC breaks out of its slump, we could see a rough doubling in price from its lows! 🎉 |
…see what we’re getting at with these two articles? |
Pullbacks can be gifts! |
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PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔 |
Imagine it’s Black Friday and you need a new TV. |
BestBuy is offering a 60-inch plasma at 30% off (delivered to your door). |
Do you think to yourself: |
“Nah, I’ll just wait a few months until the price goes back up”? Or… “Alright, time to go shopping”? |
Obviously the latter. |
In today’s “Where Are We In The Cycle?” run down – we’re going to show you 6 indicators that are currently screaming “IT’S TIME TO GO SHOPPING!” at you! |
Below are the 6 indicators we track, with a color-coded system to show how close they are to signalling the market peak: |
🟢 Plenty of room to run 🏄 |
🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️ |
🔴 We’ve hit the market top indicator 🚨 |
Every Thursday, we update these 6 indicators exclusively for PRO members. |
Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point. |
Let's dive in and see if we're anywhere near the top of this bull market. 👇 |
| Already a PRO member? Log in here. | GO PRO AND UNLOCK: | Full access to the 6 bull market peak indicators above to help you spot the bull market top before it’s too late 📈 NEW: Unlimited access to the Milk Road PRO Token Center with token ratings and insights. 🔓 The Milk Road PRO Portfolio, our yield strategies & weekly updates to help you manage investments, allocate capital, take profits, and stay ahead in crypto 📊 Weekly reports that help you spot early trends, navigate the markets by limiting risk & catch those sweet cha-ching moments 💰 Access to the PRO Community, where the Milk Road crew & 1000s of fellow PROs talk crypto. Don’t miss the monthly live events! 🫂 50% OFF the Crypto Investing Masterclass 📚️ | | Already a PRO member? Log in here. | PRO REVIEW OF THE WEEK | |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
OKX is throwing a “February Fest” giving you a chance to win gadgets like the iPhone 16 and iPad Pro. As the name suggests, it's only running in February, so you better hurry if you’re interested.** |
We just launched our very own DEX — Milk Road Swap! It has low fees, MEV protection on all Ethereum + L2 trades, and is the only DEX that allows you to trade both Ethereum and Solana tokens within a single interface! |
Another day, another case against a crypto company is dropped. The SEC just closed its Gemini probe with no action! |
Nvidia broke a new record in Q4 2024! Revenue hit $39.3B, beating their already insane expectations of $38.25B. Now if some of that money could just find its way to crypto… |
Haven’t memecoin degens suffered enough!? Yesterday, the Pump.fun X account was hacked and used to promote a fake governance token called $PUMP. |
Is multi-sig still Bitcoin's security gold standard? SALT uses MPC with Fireblocks for flexible, secure custody, surpassing multi-sig's limitations.* |
*This is sponsored content.
**This is partner content. |
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MILKY MEMES 🤣 |
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. |
