Ahora van a ver a un montón de gente criticando esa estrategia. Lo curioso es que, hasta hace poco, muchos la copiaban y la ponían como ejemplo de las mejores. Así cambian las opiniones cuando cambian los resultados.
$BTC Average July Price Path
Considering that we were expecting roughly a 15% move in July and Bitcoin had already gained about 9% in the first week, a pullback was likely.
The drawdown also lined up neatly with the 5th of the month pivot.
If Bitcoin pumps into the 5th, it drops.
If Bitcoin dumps into the 5th, it pumps.
You could dismiss it as a coincidence and point to Saylor selling Bitcoin, but I don’t think so. Saylor just became the scapegoat of the scenario that would have happened anyway, as I did for so many months in a row.
That’s why I suggested taking profit around $63K on the $60,750 long we initially opened, then moving the stop-loss to breakeven.
I'm still confident we could see higher prices by the end of the month, but it's not going to be that easy. The market will liquidate both longs and shorts in the process, and make the process as brutal as possible.
Saylor is now buying high and selling low.
Long-term, I don’t think this creates any real risk, especially given how small the recent sale is relative to the overall position, and the future sales likely will be going forward.
Still, it’s hard not to find it a bit ironic. You’d think that with that level of capital and scale, allocating $1–2M annually to a quant team could improve execution.
Instead, most of the accumulation has happened above $100K, followed by continued buying all the way down from $126K to $60K
Hate me or not, the truth is the truth.
Him being against the 4Y cycle did not improve shareholder value.
But then again, long-term, the stock and the company will be more than fine.
$BTC
What you'll begin to see in the coming days and weeks is the bulls waking up and calling the bottom, exactly as they did from February to May, right before they all went silent while we swept the low at $60K and carved a new one at $57K
But this is simply the July pump playing out, just as I told you it would a couple of weeks ago. Same as when I called the top at $83K, the bottom at $60K, the top at $98K, and so on.
This July pump will be the last local top we see, likely somewhere around $70K
Back in 2022, the pump ran about 12% after price broke below the 200WMA. The typical July pump runs about 15%. And guess where that lands you? The 20WMA, the line that has acted as resistance all through the bear market years. It all fits together rather neatly.
We're now roughly 66% to 70% of the way through the bear market. Not so much left, my dear friends.
Patience.