This is Chicken Joe from Surfs Up. If you have attempted surfing you know it’s one of the most challenging and humbling sports. In a lot of ways, surfing is very similar to investing and trading crypto as well. Think about it, if crypto is all about mental resilience and positioning yourself for the perfect trade/wave one could make the argument there is a lot of overlap. This is exactly why I want you to study Surfs Up and more specifically Chicken Joe. Throughout the plot, Chicken Joe (Jon Heder aka Napoleon Dynamite) is a slow-witted Rooster whose relaxed almost stoner-esque presence provides comic relief to the main character and his friend Cody. Throughout the film, Chicken Joe overcomes various challenges with a seemingly effortless ease that belies the difficulty of his situation. His approach is nonchalant and spontaneous, which allows him to ride the waves of uncertainty—both literal and metaphorical—with grace. This is emblematic of the "20IQ Method of Not Overthinking," which suggests that sometimes, less analysis and more instinctual reaction can lead to better outcomes in volatile environments like the crypto market.
Watch this short clip 🤣
In digital asset trading, where market conditions can change as rapidly and unpredictably as ocean waves, Chicken Joe’s philosophy could be extraordinarily relevant. Traders often succumb to paralysis by analysis, overcomplicating strategies, and clouding their judgment with excessive information. However, Chicken Joe’s character arc illustrates the power of simplicity and the importance of maintaining a calm demeanor amidst chaos.
With this in mind, I want to keep this analysis as simple as possible. The big wave is quickly approaching and if you position now you can ride the wave like Chicken Joe without a worry, but you need to be diligent. We have shared this fractal on Total 3 for months now and, still, it has yet to be invalidated. As long as we don’t set new lows this chopsolidation is exactly what we saw in September and October of 2020 right before the whole market expanded together.
We are still setting a higher low so far.
In the video below I show a 30-second clip of the safety trade and how each of the times it hit the resistance line it marks an opportune time to buy alts. This has been the best cheat sheet to get long alts this cycle. Use this chart to be like Chicken Joe, cut out the noise, relax and stay composed for the biggest wave of your life.
Sat 01 Jul 23’ - the bottom for alts.
Oct 24th 2023 - When I got very long using this chart as an indicator
Dec 8th 2023m - Another good time to buy alts
Jan 10th 2024 - good time to accumulate
Feb 29th 2024 - good time to accumulate
April 18th 2024 - good time to accumulate
All very important dates.
Now here we are on June 11th, 2024.
Historically anytime time this chart has hit resistance it’s been a good time to buy alts. We are seeing a fakeout here given the 3 different charts above, there is a lot of evidence to suggest the perfect storm/wave for bulls is slowly but surely presenting itself. Now is the time to stay composed, be greedy when others are fearful, and execute your plan with faith and conviction. Believe in something, Study Chicken Joe, and have deep faith and conviction in yourself and your bags. Cheers 🐔🥂
More Chicken Joe Scenes 👇
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