We close slightly below $83.65k (or prior day's bottom on any exchange), and the NASDAQ did too. We're likely to go lower over the next 24 hours. Depending on tomorrow's close, I might open a giga long by end of day.
We close slightly below $83.65k (or prior day's bottom on any exchange), and the NASDAQ did too. We're likely to go lower over the next 24 hours. Depending on tomorrow's close, I might open a giga long by end of day.
If $BTC closes above $83,650 today, expect it back at resistance in the $85k's tomorrow. Otherwise, we'll retest $83k. Looks like pretty good risk-reward.
MY THEORY ON WHAT’S REALLY HAPPENING
The United States tripled its money supply over the past two decades. That’s not some abstract economic trivia. That’s the foundational distortion that shaped every asset class, every risk model, every portfolio built since GFC. We spent…
The $VIX closed above 50 today which is in the top 1% of historical readings.
What has happened in the past following closes above 50?
S&P 500 gains over the next 1, 2, 3, 4, 5 years every time with above-average returns overall.
$VIX $SPX
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@LeandroWe3 Right! That's probably tech, $BTC is super close. However, $BTC represents leveraged tech, and solid alts represent leveraged $BTC. Since I'm gonna stay allocated to the latter, I plan on surviving the volatility of the next few days so I can hold large alt positions for multiple…
I'm more and more convinced that we are experiencing the consequences of Q4 financial conditions tightening. April 15 to June 15 is where I'm looking for my most significant gains of the year, and it's all based on this same lag between financial conditions easing & net liquidity…
Below the 200-week EMA ($77,542), I'll have to reduce leverage. That probably means peak capitulation happens in these 24 hours. I'm gonna be a bull til M2 supply correlation gets invalidated in April.
Below the 200-week EMA ($77,542), I'll have to reduce leverage. That probably means peak capitulation happens in these 24 hours. I'm gonna be a bull til M2 supply correlation gets invalidated in April. https://t.co/5xbywkkJV4
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