@tedtalksmacro@ING_Economics@BNPParibas Difficult to know what the reaction will be. We came in higher than consensus last month and still went from 21.5K to 25K in 2 days. Best thing for me is to avoid trading it altogether as it will never do what I expect it to do based on the numbers.
@Blockchainsanta You ain't on my "Key Alpha" list for nothing. You help keep emotions in check and challenge any bias I have, which is highly appreciated.
@StrongHedge I think there’s a reason more nefarious than clout and self promotion. He engaged in similar behaviour the last time $TRX was dangling in this sub $0.06 area. $USDD depegged that time and is once again depegged. Something is about to break and he keeps taping over the cracks.
@tedtalksmacro I’m so confused Ted. So the market was positioned for 75 bps yesterday of CPI. CPI came in hot so the market began pricing in 100 bps as a possibility. Then the market went “ah fuck all this noise let’s have a face melting rally and wreck some shorts!”
@scottmelker A £12bn corporation tax cut, a £17bn National Insurance cut, a £5bn basic rate income tax cut, and a £2bn cut to the 45p rate.
All this while the govt just announced they need to borrow an extra £72bn.
We are so so so so very fucked.
@Blockchainsanta $GLMR would be good! It looks like it is in an interesting spot at the moment. Next big token unlock is 5 months away and I'm looking the look of that range low at $0.55 if $BTC and $ETH have further downside today.
@DaanCrypto Probability of 300-325 target rate just doubled from an hour ago. Might be a bit bloody on the TradFi market open as they try to price this in.
@DaanCrypto Trying to wrap my head around this... So strong payroll data = strong economy. Market also showing strength which is demonstrating to FED that they can continue to raise rates to combat inflation. Are we lining up for a horror show for the CPI print next week?
@StrongHedge Was literally just looking at the stats surrounding the halving trying to figure out the best time to begin DCA-ing back in to the market. I actually think I'm two months late. Should have really started accumulating when he hit the previous cycle highs.
@Trader_XO I'm at a crossroads right now. It feels equities and crypto are aligning for a bigger run with US10Y and DXY both breaking down further today. Might not get the pullback many were after.
@Blockchainsanta I’ve only seen one account I follow saying they bought and they weren’t exactly proud about it. Retrospectively the time to buy was when the network got shut down and the infinite print stopped. I think that’s when most accounts jumped in. Risky, but has obviously paid off.
@_SMFX_ Nobody talking about it on my timeline but you either. I nearly aped in 3 hours ago, but convinced myself it was straight up gambling. Sitting at a 3x already now. Never underestimate apes I guess.
@trader1sz If this plays out then people are about to get put through the grinder. Unbelievable bounce for a lot of alts. People really think that was it.