I have been quiet long enough.
This is perhaps the most important thread on X ever published.
And the most powerful and impactful comic book you will ever read.
If you want to understand the reverse carry trade, bookmark this.
Oil, Yen, Japan, and an all-star cast.
1/24๐งต๐
๐จ JAPAN WILL CRASH MARKETS THIS MONDAY!!
April 29, 2024: BITCOIN DUMPED 23%
May 1, 2024: BITCOIN DUMPED 26%
July 11, 2024: BITCOIN DUMPED 31%
Jan 30, 2025: BITCOIN DUMPED 24%
April 30, 2026: Japan intervened again.
And markets WILL feel it on Monday.
And if you think this is just another scary chart
YOU ARE COMPLETELY WRONG.
Yen intervention is NOT just an FX story.
It is a LIQUIDITY story.
Every time Japan steps in with real size, it sends a shock through the whole system.
This time the size looks huge.
About ยฅ5.48 TRILLION.
That is NOT a small move.
That one fact explains a lot.
Because Japan is the cheap money hub.
For years, people borrowed cheap yen and pushed that money into US stocks, US credit, US tech, and crypto.
When Japan defends the yen, that cheap money trade starts getting forced to close.
And that is where the real damage starts.
Now connect the dots.
The yen moved from 160.72 to 155.5 after the intervention.
That is a HARD move.
And the market was already loaded the wrong way, with speculators heavily bearish on yen.
So this is NOT happening into a clean setup.
It is happening into a crowded one.
And crowded trades do NOT close slowly.
They dump HARD.
That is why Monday matters so much.
Japan stepped in on Thursday.
Then Golden Week starts.
Then the next full reaction hits when broader markets are back.
And if this keeps building, it does NOT stay inside FX.
- Treasuries get stressed.
- Yields pump.
- Liquidity gets thin.
- Stocks dump.
- Crypto gets hit first
- People get liquidated.
This is NOT a theory.
Japan spent huge size in 2024 too.
And now it is back again.
That tells you everything.
Markets are NOT pricing the next move now.
But they will.
Iโve studied macro for 10 years and I called almost every major market top, including the October BTC ATH.
Follow and turn notifications on.
Iโll post the warning BEFORE it hits the headlines.
๐XRP keeps holding the macro consolidation zone. Eyes on the next wave up! ๐
Letโs talk through whatโs going on because this weekend was unexpected! ๐ฅ #Bitcoin dipped all the way down to $110.5K, setting a fresh low, and right now itโs hovering around $112.7K, which is also the macro .236 fib retrace. If $BTC canโt reclaim this, the next big level to watch is down near $88K, which would line up with a deeper correction to the macro .382 support. ๐
Even with that dramatic drop, we're seeing bullish divergences on the RSI. Not just on BTC, but across the market. That means algos are pushing price to new lows, but momentum is weakening underneath. This is a classic signal that a reversal or at least a corrective rally might be around the corner. ๐
Now letโs pivot to $XRP, because itโs holding up much differently than BTC. Unlike Bitcoin, #XRP hasnโt printed a new low. Instead, itโs still inside its larger consolidation pattern and tested that key trendline around ~$2.91. That area is also the golden retrace (.618 fib), which is where Wave 2's love to correct before continuing higher. If this level holds, XRP could be setting up a textbook Elliott Wave continuation for Wave 3. ๐ฅ
The next confirmation point is $3.12. Thatโs the resistance level that is capping a higher move. Break that, and the higher fib extensions are aligning nicely.
โ๏ธXRP is holding its structure well, and if $2.90 continues to act as support, we could be looking at the start of a new trend breaking to new all time highs!
#XRPCommunity #XRPArmy #XRPUSD
Ahead of the @BankingGOP hearing tomorrow, let me introduce you to some of the 55 million Americans that own and use crypto. I am testifying tomorrow BECAUSE these are the very people who deserve market clarity. Time and again, the skeptics insist on stereotyping crypto holders, but thatโs simply not reality.
These are real faces of crypto โ take a look at their stories from @NatCryptoAssoc:
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as theyโve previously said. Weโre closing this chapter once and for all, and focusing on whatโs most important โ building the Internet of Value. Lock in.