Trading journal day 2:
We are so back?
Gold down BTC up
Crypto friendly FED chair
Memory up
CPI came in cool and everyone forgot about how the war was escalating and oil prices were up
Personal lesson of the day. Stay in your lane trade what you’re good at. Easy mode is easy money.
The future looks bright
Trading journal thoughts:
Is this a liquidity hunt or a big move lower?
News from Iran is redundant.
AI trade is over leveraged and giving top is in vibes or is it crypto ptsd? The demand is real but is it priced in?
Crypto four year cycle dead. So new four year cycle.
Software seems to be the flight to safety .
Dollar seems to be getting stronger.
What is stopping another meme from beating out cash-cat:native
Meanwhile there is nothing that can do what solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump does in the same way
$MRVL and other hardware stocks finding some relief today.
Still bullish on the weekly timeframe but got a ways to go to reclaim short time frame bullishness.
@_0xghost_ People think L2s will be exactly like Solana.
I think Robinhood will actually make use of their L2 in new ways as they come from a traditional finance background rather than making a chain and hoping someone will use it.
Normies don’t care about crypto or the tech.
Why wait months for maybe one coin to 3x when they can trade markets to settle on Kalshi same day?
Memecoins will still pump but thinking normal retail will be the catalyst is a bad take.
Is $HOOD a better buy than $BTC?
Like say BTC hits 200k next cycle that’s a 3x or so from here.
If HOOD hits $500 that’s around a 5x.
Plus bullish BTC is bullish for Hood.
@NotSoEasyMoney Q4 bottom checks out.
I think that warsh will avoid a rate hike. Especially with the “new” inflation calculations.
But doesn’t really matter since the market says differently