$IBIT / $GLD looking like a peak in Dec 2024 with a bear flag break down
thats the bearish take
The bullish take is its a rising channel and goes to visit the top of channel again in Q4.
$BMNR / $GLD no one wants to say the quiet part out loud .. it likely hit its peak vs gold unless something major changes
Granted we could see a big bounce if we get some Q4 mania
Steer clear of BMNR over GLD until change of character (atleast get above the 5 day moving…
$ETHA / $GLD getting a 5/21 bear cross after a 100% rally (2x)
A pullback in ETH vs GLD not suprising considering extent of rally plus moving average change of character
$MSTR about to have its first weekly close below the 50W SMA since it was $24
let that sink in..
Yeah its pulled back alot but alot of people are still up 10-15x so you're not getting a "steal" imho
These people could easily say "yeah Im taking my 10x and going" and this…
$GLD and cash - largest positions
And have $bucky and #fartcoinbase in case we have a melt up here
Treasury companies way too wonky right now.
So basically defensive with a call option on a huge melt up.
Thanks 🙏🏻 for your attention to this matter.
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