contradicting signals from $btc over the weekend heading into FOMC Wednesday. no clear view of what to expect but:
- FWD IV pricing in higher vol with call selling into month end expiry, transferring to sept, implies weakness into overhead supply zone >$67k.
- Dealer gamma slowing any ascent with strong positive gamma tiered to $70k i.e need massive demand to break
- Spot is chasing this am into top of current range ($~65k)
Leaning to a slow bleed higher into supply zone with some chop before back to passive demand ~$60k.
Let's see.
$btc continues to behave like it's in an accumulation range. spot stepping in at lows and absorption at highs.
options market positioned for ~70k for month end. expect either price to hold ~65k before continuation or we revisit ~60k (or lower). a decent reverse H&S would convince me to add size to chase higher
$pengu in my view of one of the highlight asymmetric meme opps going.
strong physical product and meme branding
healthy nft floor and volumes
top mindshare
More so, token trades within a clear range with a bottom forming nicely. Higher.
Notice how I mentioned Social economic ideology and policy as part of an integrated system with a free market? Never called out or social democracy specifically. Youโll need integration of economic systems for any social policy to actually function, hence look at nordics. Perhaps entertain the idea instead of being condescending.
@PeteSamuelLegon@kobashi100@garyseconomics ๐your model cannot work with the modern service and AI economy. You can integrates neoliberal, capitalist and social economic ideology / policy (such as nordics) which warrants more thought and discussion. Everything else is just hard idiosyncratic leftism