So let's cheer on #STONKS cracking 5,000 on the #S&P
As we would likely see risk be fully turned on, and cash to flow into the #Crypto space.
FWIW
I think the #Economy stinks
but that doesn't necessarily mean assets can't go up in number.
There are plenty of examples where this is the case.
Argentina. Turkey and so on.
#BLOWOFFTOP scenario is still in play.
Trade active
⋅
BTC up 12 thousand dollars front running the SPX, which is up 117 points But u can see it technically wanting to break out now ,and challenge for new highs Something financial commentators are only starting to recognise!
your analysis highlights the complexity and interplay of factors in the financial markets, making it crucial for participants to stay informed, adapt to changing conditions, and have a well-defined strategy.
WeAreSat0shi
⋅
I agree, it's just what in between all that.
BallaJi
⋅
@WeAreSat0shi, Breakouts on the stonks coincide with each new credit cycle between 3-4 years .. check out Raoul Pal's work on that .... very convenient that the Bitcoin cycle overlay's that on top.
But yeah agree , If a credit crunch occurs ... than BTC is fked.
WeAreSat0shi
⋅
@BallaJi, Agreed again. Although a credit crunch is not expected at this point in the cycle anything can happen. Good work.
BallaJi
⋅
@WeAreSat0shi, We have to be nimble and humble. But also have conviction on Risk & growth... hahaha this doesnt get easier with age. But it does help when u don't need to take as much risk because you have grown your portfolio ... Appreciates the comments , Us on the retail side are in this together... because we get so much bad advice listening to "experts"
even Raoul Pal ... I respect and like him alot. But understand it's better for his business to be perma bullish.. and also people make a living out of being perma doomsdayer's whilst not risking any of their capital ..
Alot of Fake Guru's out there.
WeAreSat0shi
⋅
@BallaJi, 100%. Another big factor is cycles, and where ewe are in the bigger part of them. The broader cycle is nearing its end.