https://t.co/9bpSBvQCPw
New promising trading platform. Never shilled a reflink before but I am gonna leave it here just in case anyone is interested in trying this out and share some benefits
@azura
I am pretty bullish here on btc/eth and even stocks for a substantial bounce.
I still believe it goes into a lower high but the sell-off has been so sharp and quick I am starting to be inclined to think we may be actually managing to kick the recession can further. Time tells
My base case is push at least into mid 700' , probably a bit higher into a lower high.
I don't think we break the highs this year but I would gladly be wrong (for everyone's sake)
QE announcement to eventually provide a more substantial relief rally? Just spewing random stuff
@Cheguevoblin Cute trick for a niche case (same first two digits mult by single digit). Would be cool if it was a applicable to much harder calculations
Is it unpopular to suggest trump is doing the right thing with the economy?(Also just following up on everything he said and promised during the campaign so I wonder why people are upset/surprised)
We did get a rather unconvincing small bounce so far.
On one hand , we are overextended to the downside and i feel a bounce is coming.
On the other, trad weak makes for an uncomfortable environment for longs (which I would not play as long term holds and cba atm)
$btc
Idk at 70k we didn't have a massive weekly div suggesting it could be over.
Imho we chop more at best before attempting higher again , maybe in synch with some substantial multi month bounce in stocks (maybe prompted by qe starting? idk)
For now I stay sidelined
$spx 1d -> 1w
Hope I am wrong on this one. I could see the opportunity for a complacency shoulder.
Can see crypto doing well during that, not while (and if ofc) stocks go down tho imho
Sum
- >Short term -> bounce
-> Mid-Term -> down imho
Long term (years off) idk
Also, unless news flow is awesome awesome I expect us to be macro's bitches again and if stocks keep dumping the rest of march current resiliency gonna turn back to chop mode imho
Very well articulated , an awesome follow from last summer, even though I'm mostly inactive and CT sucks for the most part, there is still quality out there
afk most of this week, so quick monday morning ramblings from Cav
makes sense to squeeze every last bear early in the week, make sure no one comfy shorting
once no more bears on timeline and everyone now scared to short, the stage is then set to visit range lows to test bulla conviction
big question on my mind is: is the carrot that trump dangled big and tasty enough to fuel a broad sustained rally?
does the market truly believe this has meat on the bone, or does it call bs
price will tell
if the market believes it has legs, range lows will be defended and we reclaim ~99k with haste
however
can you sense the panic if the market calls bullshit
what is range lows are still lost irrespective of trumps reserve comments yday
panic at the disco
anyway
my view atm, based on how this unfolded, was this likely ends up being transitory move
localised
eric trump running victory laps on Wall Street calling a Sunday squeeze genius gives me real pause
feels transitory, not serious, theatre like
ultimately, we have to wait and see
should be a fun week, won’t be super active tho
peace all