The key for patience is to have hobbies and obligations that pull you off the desk. I don’t sit and watch every tick of the market anymore. Game changer 👍
Technology is known to lose its value very quickly as new models come out that are faster - what the value of these old chips in 3-years will is the major unknown
US exceptionalism as measured by the exorbitant wealth gains from stocks has been a direct result of foreign inflows, and if this reverses from a reciprocal threat to foreign policy it will have intolerable knock on effects
Lots of knife-catching furus in $PATH lately, some of them who have even publicly blown up, but in my group we stayed patient and disciplined.
I live-alerted the wick buy at $11.80, which is shaping up to be an elite entry.
I also live alerted stopping out in the $15s and told everyone to wait for this exact buy zone.
Patience > Hopium
🎯🎯🎯
When Bitcoin was $126k we heard a lot of calls for $1,000,000.
Now that was cut in half, the calls for $0 are all over the place.
Bottom line, $65k area is a big level and one that should hold. So far, so good.
@jakebrowatzke Jake, sorry if this has been asked and explained a lot, but curious if you have used $PATH and their product personally? Do you run any side hustles or purely an investor?
Bitcoin is getting crushed.
Bitcoin's RSI is below 21, the most oversold since 2023.
Similar oversold conditions saw Bitcoin rally 9 out of 10 times the next day. Median gain was +3.3%
$BTC
Since 1950, there have been 15 instances where the S&P 500 gained over 15% in the prior year and January was positive. In 14 of those 15 cases, $SPY finished the year higher, with an average return of 16.6%. Importantly, none of those years saw a correction of 20% or more.