@Tyler_Did_It Carry trade. I hate to say it, but we are in 97-99, except with Japanese inflation this time. Old tools won’t easily solve this. US cuts and Japan increase = lots of stress to unwind. Until the bailout. So an ugly stretch in q1 or 2 before a 99 style pump.
If macros matter, then the carry trade problems would get worse on a us rate cut right? Japan rates up, US rates down would we a big swing on that carry trade. But technicals….
If macros don’t matter, and it’s just technicals, then where is the relief bounce. This is the 3rd week living under 5ema on the weekly. 86.5 fair value gap closed. What the fuck
On theory says, if price gets back to 78k this year. Then first half of next year is consolidation. And end of next year is blow off. That could have legs. Bottom mid 60s.
Unemployment up. $nvda earnings beat. $Spx up. $btc down. Reversion still untapped. This is annoying. To say the least. Not $jpy or we would see it everywhere. This is targeted. I think it’s self fulfilling. Max pain is up.
This wipeout looks like the absolute dumbest wipeout ever. Sheep after sheep after sheep. BUT - the house of cards can be broken if the institutions become forced sellers.
It should be illegal to incite financial riot on twitter. With all eyes on, posting anything that causes the biggest liquidation in history should be against the law. No different than fire in a theater. This theater was the financial market. And people have been trampled
Weekly rsi at bounce levels. Reversion in the wings. Question is how far down before. I still can’t figure how EVERY there is another post about the billions wiped on leverage