Summary of the key highlights from the UK budget 👇
-The UK is fck’d and has no money
-Labour have zero idea how to fix this and instead have focused on killing productivity and raising unemployment
-As the deficit widens, it will just be monetised
-GBP will be the escape valve
-Hard asset owners will get richer
-wage earners and non asset owners will get poorer
-Bitcoin is your life raft
We're nearing the bottom #Bitcoin:
- Short term holders selling at a loss
- Sentiment on CT is at its worst
- A healthy flush out of leverage last month
- A typical bull market 30% pullback
- Extreme Fear showing in F&G index's
- Improving macro liquidity
- Clarity Act coming
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SILVER
Multi Decade resistance at $48-49. I'm taking profits from my long term position here. I can't see anything other than a multi week pull back/consolidation here after moving 118% since the start of the year
Possible Cup & Handle coming though. $50 will be broken in 2026
GOLD
As has been my thesis for some time now, I expect Gold to top out at $4000, pullback and consolidate.
When people start taking profits from Gold and Silver, where do you think they will be redeployed?
I'll give you a clue, it's the digital equivalent. 🚀
@cobie@AzFlin@z0r0zzz I'm genuinely happy that there are genuine people, like you, trying to push this shit in the right direction rather than taking advantage of their position.
Thanks, and keep going buddy.
@cobie@AzFlin@z0r0zzz .. there has been many times when I've made bad decisions and despised the crypto industry. Usually a good top signal. Time and time again I've seen crypto characters make a few quid and think they're god, make terrible decisions because of this, only for it all to tumble down..
GOLD
As has been my thesis for some time now, I expect Gold to top out at $4000, pullback and consolidate.
When people start taking profits from Gold and Silver, where do you think they will be redeployed?
I'll give you a clue, it's the digital equivalent. 🚀
Look at that chart! +52% Year to Date.
It's going to have a proper pullback soon.
I don't mind risking missing another 5% upside to take my profits now.
Ignore those saying Gold is destined for $5k+.
Don't get greedy.
Take your profit and move on. (to #BTC)
Ignore the noise.
GOLD
As has been my thesis for some time now, I expect Gold to top out at $4000, pullback and consolidate.
When people start taking profits from Gold and Silver, where do you think they will be redeployed?
I'll give you a clue, it's the digital equivalent. 🚀
@DaanCrypto You're right almost every time with the CME open, I've been watching over the last few years. But from my experience when we're in a strong uptrend with little resistance, low liquidity during weekends can make for perfect conditions to leave those hedging over the weekend behind
SILVER
Multi Decade resistance at $48-49. I'm taking profits from my long term position here. I can't see anything other than a multi week pull back/consolidation here after moving 118% since the start of the year
Possible Cup & Handle coming though. $50 will be broken in 2026