now that we pruned some followers, serious market thoughts;
high confidence that the bottom for majors was in at 104k. baseline assumption is somewhat of a grind upwards until end of month and then fully send into November. ETH, SOL, BNB outperform BTC the further the rally goes - they've all bottomed on MTF vs corn. I don't have any additional opinion regarding what comes after, not in this post at least, we trade what's in front of us.
starting to become obvious that rotation from gold into equities eventually spills into crypto, by eventually I mean very soon as the equities rotation is already here. "oh but gold is a risk-off signal" - not in this regime, not with hot economy and equities at new highs fueled by revenue and AI bubble, not with QT ending, lower rates, favorable macro conditions and geopolitical/trade tensions mostly resolving soon. QT ending doesn't mean QE btw, you can forget about that
dual mandate for Fed is being met, inflation under control, unemployment under control, I don't see a reason, with QT ending, that we don't finally get an expansion in balance sheets for the first time since 2021, M2 is a meme for actual liquidity, don't use it, use balance sheets
the gold trade is a debasement bet, a hedge against system, not a fearful trade, foreign nations disbelief in the USA debt have been piling it up [see China], it doesn't stop anytime soon on very HTF, but quite frankly it's topping out for a while here, signaling rotation. it's a ~$30T asset and you think when it rallies it doesn't paralyze every market in the world? think twice, it's a liquidity black hole, same dynamics as BTC <> alts, it paralyzed entire stock market, it WILL paralyze our little ponzi schemes
I don't think top for equities is in, what Nvidia is doing is quite criminal, but we enjoy the ride while it lasts, if you know you know, endless money glitch
I'm tired of altcoins, I don't even want to think about them or analyze them, don't ask me, I trade majors only for months now, no opinion regarding alts, go find your resident pumpfun KOL or something
market update laid out in September stands, search "Market update -> Sort by Latest", I think BTC expands to 140-160k here, ETH 7-8k, SOL 320-400, BNB 1.6-1.8
latest liquidity hunt on the 10th and subsequent chop only strengthens my bullish thesis, they wiped the floor and now they're gonna send it while many watch in anguish and disbelief, welcome to crypto
I'm personally very long, I don't need a great setup or price point, balls tingling hard and stars aligning
have a nice weekend
Looking at my wife, not a single thought of the market on her mind.
Stress free.
"Babe, I saw a cute dog today" she says.
"That's great" I reply to her.
Exchanges should stop listing and prioritizing memecoins.
It’s hypocritical to tell people to “build” while primarily just listing memecoins.
The projects that try to build anything are often ignored or face huge listing fees, while the memecoins are often listed for free.
SHOCKING 🤯
In 1948, this woman discovered a code to bend "reality" at will.
She used it for 30 years with 100% success rate.
Her answer?
A "4-letter code" that breaks the matrix:
"ONE FINAL SWEEP & ONE FINAL SHAKEOUT!"
This is what I keep reading here but I have to strongly disagree
In this thread 🧵 I'll go over why any move for #Bitcoin from here will be detrimental & why it's either gonna become a HTF distribution or re-accumulation
1/15👇
From my interactions in person and online, feels like this Cycle it's just a bunch of 2017 and 2021 circa entrants who are tired and no longer believe a vision, grinding in/out short term spec ideas in hopes this is last Cycle they actually make it and break free.