Had a bad day?
Good thing the week has 6 more.
Had a bad week?
Good thing the month has around 3 more weeks.
Had a bad month?
Good thing the year has 11 more.
Had a bad year?
Good thing you have the rest of your life.
Make it count.
Good morning CT.
Monday opens the week they're calling "Uptober" October's historically the strongest month for crypto.
But here's what actually matters this week: Fed Minutes on Tuesday, then three weeks of data points before the October 28 decision that'll decide where we trade till year-end.
Bitcoin dominance is near 60%. Ethereum's Glamsterdam upgrade testing kicks off Tuesday. Traders are risk-on.
Question is, are you following the momentum or waiting to see if it's real?
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1,018 automated tests passing. All of it live now.
October just opened with a cooler PCE print, but here's the thing, ETF inflows are drying up and the Fed's got a 64% shot at hiking on October 28.
BTC's up 44% in 90 days. That's the hype. October grinds sideways between $75.5K-$87.4K. That's the reality.
One Fed decision in 27 days decides the rest of your year. You playing offense or defense until then?
Everyone's blaming crypto for being stuck. Wrong target.
Treasury yields just hit their highest levels since 2002, that's a 24-year high. The 10-year's at 5.29%, the 30-year at 5.62%. When bonds are getting this attractive, risk assets bleed. It's not a Bitcoin problem. It's a "every stock, every crypto, every asset that requires risk appetite" problem.
But here's what most people missed: Bitcoin just posted a third straight monthly gain. That hasn't happened in a decade. While yields were climbing, BTC still climbed with it, which is actually bullish as hell if you know what to look for.
Tonight's PCE data either cracks yields open (bullish for everything) or confirms they're staying elevated (more chop).
Are you trading the chop or waiting for the break? Be honest, which one are you actually prepared for?
BREAKING: Bitwise has launched the first U.S. spot near:native ETF.
Recently, Bitwise raised its near:native base-case price target to $155, while its bull-case target stands at $562.
@AlekssRG@met_lparmy@MeteoraAG Yeah volume makes a big difference. I’ve been looking at https://t.co/lxlSuJhMJd lately for that reason too, especially the automated side.
@byJamesMarston@Mi_Tion111@MeteoraAG That’s nice. I’ve been testing out Whale Tail.. https://t.co/lxlSuJhMJd lately because I’m getting more interested in automating this side of LP. Do you mostly manage your positions manually after the alert?
@Heavymetalcook6 Just 2-sided after the dump? Interesting. Do you usually set a range and leave it running, or actively manage it while the price moves?
@EvilPanda Ahh makes sense. I’ve been looking into setups like that lately and came across https://t.co/lxlSuJhMJd while comparing automated LP strategies. Do you mostly enter manually after the dump or do you use automation?