Chad

You see there is only one constant. One universal. It is the only real truth: Causality. Action, reaction. Cause and effect. BTC owner since 2013. Zoom out.

[Chad @Double_Irish_D]

We all want to be masters of the 1 minute chart. CT thrives on posting daily trading. But I dont say it enough: Zoom Out! The goal here is to survive. Trade the MONTHLY chart. Buy below 50 RSI, sell at 95 RSI. Retire on the beach. If all goes well, you are here:

[Chad @Double_Irish_D]

@Naem_Crypto786 🔥🔥👏

[Chad @Double_Irish_D]

@alisun0302 Excuse me. I Believe it’s GM future billionaires. Cause we all sold the top right? Right? And now we are buying the bottom? Amirite?

[Chad @Double_Irish_D]

@Naem_Crypto786 👀

[Rick Palacios Jr. @RickPalaciosJr]

June home builder sentiment and survey results are in. Top themes: 1) A lot more new home buyers cancelling. 2) Price cuts becoming fairly common. 3) Drop in demand finally cooling construction cost pressures (builder layoffs also happening). Market commentary to follow…

[Chad @Double_Irish_D]

Ooof. We’ve all been there. Amirite?

[Coinfessions @coinfessions]

I gave a blowjob to get whitelisted. The project rugged.

[Chad @Double_Irish_D]

@Naem_Crypto786 🤣🤘

[GravitySucks @Gravity5ucks]

More conviction on #BTC 25k strike.

Basically these week there have been three relevant trades, and none of these are looking down...

[Chad @Double_Irish_D]

RIP anyone who “invested” in a watch for 240k after its already up 100s of % from its retail price in a couple years.

[Bloomberg Opinion @opinion]

Whether they were novices or old hands, buyers all chased the same models:

⌚️Rolex Daytona
⌚️Patek Philippe Nautilus
⌚️A Audemars Piguet Royal Oak

By March, the holy trinity of the most hyped watches was trading for many multiples of their retail prices https://t.co/Ejak7PsFia

[Chad @Double_Irish_D]

@BambouClub His “double digit shitcoin” has come a long way from $99. Lol

[Graham Stephan @GrahamStephan]

KPMG predicts that used car prices can drop 30% as more supplies hit the market and Ally Financial predicts a 20% drop.

The timing is a bit uncertain but it looks like it's going to unravel in the next 12-18 months.

[CoinDesk @CoinDesk]

The crypto industry is desperate to hire.

There is, however, a shortage of talent. Do you have what it takes?

Read more from #FutureofWorkWeek, presented by @Nexo: https://t.co/GjPDXPjl5y

[Chad @Double_Irish_D]

Putting this here to read later.

[Daniel Cheung @HighCoinviction]

I believe that there is a massive short opportunity for $ETH at ~$1200 over the next 2 months.

We still have not seen real capitulation yet and July / August are lining up to be potentially the worst months.

Here is how I am thinking about things 🧵

[Chad @Double_Irish_D]

Putting this here to read later

[Tom Loverro @tomloverro]

Crypto winter is here ❄️. I was on the @Coinbase board until 2021 and led its Series D for @IVP. I’ve lived crypto cycles since 2013. Here are my predictions on how and when this crypto winter will end, and how to emerge stronger. 🧵👇/1

[Chad @Double_Irish_D]

@alisun0302 Hell yes!! The fundaments look good, and the short squeeze is on. Perfect storm for up only in a bear market.

[Chad @Double_Irish_D]

You dont have to ask twice @alisun0302 Here is the 4hr $LTC update chart you've been waiting for. 🙃😆Nailed the overbought resistance failure. Now lets see if $52 holds in the channel.

[Chad @Double_Irish_D]

$LTC 4hr. A Wonderful trade from $42 oversold to $60 overbought RSI

[Chad @Double_Irish_D]

@alisun0302 Idono what’s worse tbh. The cringe of watching laser eyes happen, gm future billionaires, or $LTC charts.

[Chad @Double_Irish_D]

@TheDavidNovak @alisun0302 Excellent point thanks. I haven’t been thinking politics. But it always influences markets.

[Chad @Double_Irish_D]

GM $60 $LTC @alisun0302 in disbelief 🤣🥂

[Chad @Double_Irish_D]

$LTC 1day: This chart clearly shows that the MA needs to be reclaimed to show a momentum change. Every touch since loosing $120 has been rejected. BUT notice this is the most tests since. If it falls & $50 holds, expect $60 LTC next.

[Chad @Double_Irish_D]

If you are trading the 1d $LTC chart instead of the 4hr, This is a technical breakout and dips are for buying. (id like to see a couple candle closes to confirm its not a fakeout) It should test the upper BB at $65

[Chad @Double_Irish_D]

$LTC 4hr. A Wonderful trade from $42 oversold to $60 overbought RSI

[Chad @Double_Irish_D]

$LTC 4hr being held down by the MA. ALL EYES on FOMC meeting anyway. Nothing matters but the FED right now. And cascading liquidations of course.