Mfers , stop panicking.
This is the playbook here , before Nov 1st, Trump will negotiate with China and cancel all tariffs , market mega pump and you get sidelined.
Go touch some grass and stop using 500x leverage.
$BTC
Confirmations needed, but the cycle top could be in.
Loss of momentum, good news not having impact anymore, and a potential financial crisis incoming.
Reminder: Not financial advice. Just my opinion and observation.
Mfers , stop panicking.
This is the playbook here , before Nov 1st, Trump will negotiate with China and cancel all tariffs , market mega pump and you get sidelined.
Go touch some grass and stop using 500x leverage.
Investors are waking up to some major news from China:
The entire tariff crash on October 10th may have just been one big misunderstanding between Trump and Xi.
The news about China’s rare earth export controls came out on October 9th at ~8:30 am ET, 26 hours BEFORE Trump posted about it.
This was a non-news event UNTIL President Trump posted about it over one day later.
Last night, China released a statement clarifying their "export controls" on rare earths.
In their response, China said the new controls are NOT a full export ban and applications that “meet regulations” will be approved.
Amid the market's downturn on Friday, our view was that the 100% tariff announcement by Trump was a bargaining chip.
After China's statement last night, we believe the odds of Trump's 100% tariff on China going into effect are extremely low.
The largest crypto liquidation in history and a -$2.5 trillion loss of S&P 500 market cap appears to have been driven by one big misunderstanding.
We expect another "trade deal" soon.