Gold's about to hit a death cross. Sounds scary, right? Last time that happened, it was the actual bottom. $XAU then shot up +190%. Pretty sure most folks will miss what this really means.
WhaleWatch is on right now! 🐋
Getting ready for pre-market and doing live trades with our tools.
What kind of flow are you keeping an eye on? https://t.co/j68UBd9RCe
@cryptorover Been through a few of these CPI cycles now. Honestly feels like markets pre-price this stuff in hours before the release. Still got some dry powder ready just in case though.
HUGE WARNING: 🚨 $BTC dumped -27.74% after the last US CPI print came in hotter than expected.
The April CPI hit +3.8% YoY.
$BTC went from $82K to $60K in 3 weeks.
The next CPI prints tomorrow at 8:30 AM ET.
Consensus forecast: +4.2% YoY.
The highest reading since April 2023.
If it comes in hotter than expected again (Middle East conflict pushing energy prices).
Earlier or more rate hikes back on the table.
Position accordingly.
$CRBS has dropped about 50% since hitting its IPO-day high 📉
Cerebras' IPO was oversubscribed 20x 🚀
SpaceX's $75B IPO is already 2x oversubscribed
There's crazy demand during IPOs.
But over 90% of IPOs eventually fall below their first-day low at some point.
Don't
Alaska GOP Senator Dan Sullivan hit up voters for $3 gas money last month, but now it’s coming out he’s been dropping tens of thousands of campaign cash on fancy dinners in California. 🙃 Daily Mail has the receipts.