Tech companies this month:
1. Twitter - Laying off 75% of employees
2. Apple - Hiring freeze
3. Amazon: Hiring freeze
4. Snapchat: Laying off 20% of employees
5. Meta: Laying off “thousands” this week
6. Microsoft: Layoffs have begun
7. Intel: Laying off 20% of employees
Pro tip: if you smoke/vape weed every day your cannabinoid receptors will downregulate, you will be less happy, less motivated, less successful.
Easy to keep going bc, "it's not that bad," or excuse, "it helps my anxiety,sleep."
It rekts sleep architecture, exacerbates anxiety.
Pay attention to the negative news coming out & how it is having no effect on the market (crypto, stocks)
Mt Gox payouts
@elonmusk sold
Bad housing data
Tanks guarding Chinese banks
Panama protests
Sri Lanka protests
Dutch protests
(To name a few)
Market ISN'T crashing, why? 🤔
$BTC
For the short-term, I find it unlikely we'll leave these local highs untapped. Push it above 24.3K, stop out the last of local shorts, then let's see if that push gets absorbed (whales filling asks via short stops) or if accepted, which would suggest higher is on the table.
I've had a couple of interactions this weekend with non-crypto people expressing concerns about the state of the crypto market.
The final low probably won't be much lower than $17,500.
It's the turning of seasons in a couple of days, too.