The most probabilistic outcome is a rally for the history books
The market has assigned this as the least probabilistic outcome
What a time to be alive
#BTC#Nasdaq#DXY
#SPY Daily: The rational place for a cool down is somewhere in this region as this w5 is getting extended but markets aren’t always rational so we’ll see how it unfolds
The majority are doing the opposite...lowering targets, preparing for more downside. In 2021 we had an outsized W3 move which had the market raising targets and getting more bullish which produced a final move that was the most subdued.
Yes Captain!
#BTC
You think a correlation that started with Bitcoins inception magically breaks now? Sorry, that isn't likely to happen
Traditional financial markets are in price discovery while global money supply is at an ATH and the asset that has performed the best in this environment is Bitcoin
It has provided the best gains in these environments but with the best gains comes the hardest path(no shortcuts in life)
I don't trade Bitcoin or like to speculate on downside paths nor advocate moving net-worth in and out of a high vol asset as that is a losing game for 99%
That being said I do like to attack with margin swing trades(smaller percent of portfolio) that I've shared publicly(Nasdaq long Oct 2022, Bitcoin miners Sep-Oct 2023, MSTR Sept-Jan 2024, Bitcoin Miners/MSTR/Coin April 2024, Bitcoin Miners-July 5th and tomorrow adding to Bitcoin miners
I choose to attack when market participants start doubting and things "look" the weakest
The most conservative high probability in my mind is at a minimum 100K Bitcoin within the next 4 months. As always, I could be wrong as I've been with my short term projections lately and don't recommend margin but I know this...when you feel most worried about your thesis and are second guessing yourself you are at a key inflection point that very often is the opposite of how you should be feeling
Lastly, with everybody looking at this MA, that MA, this close, that div(myself included)...do you think for a second that the market isn't ahead of all of us. Saylor knows this, he could deploy millions of dollars to develop AI trading algorithms that would put us all to shame
Ask yourself this...why does he simply DCA when he raises capital? The answer is that he knows long term that would not work. The majority that make life changing gains simply place big bets when nobody wants to and then simply wait a long time and let the market to the work.
In this environment anything less than max bullish is simply succumbing to the volatility that produces the gains we are here for. Spot and chill...bottom is in IMO and I still believe its gonna be a great summer
#BTC Count Update: The difference between whether we get a “V”or not and if C is in lies in how quickly we reclaim that 30w SMA which currently sits at 57.9K
Bitcoin Miners denominated in Bitcoin have made one of the strongest moves while Bitcoin has been in a correction
Imagine what happens when Bitcoin enters full-on expansion mode?!
This proxy is hands down the strongest and it’s not even close
#WGMI#BTC