Dollar looks strong I think, we hit resistance between now & NOV 1st. Using this correlation to Trade equity's and risk on assets properly Doing some BTC & ETH write up next
I've been short spy since April pre rate hike Unfortunate traditional Markets are lame and don't allow Open market participation so this is more of a Paper trade but relates to over all Risk and equity Markets so its applicable to my Trading and over all parameters for Risk on assets We are at Mid price and can still go 60 points lower to retest the Covid...
Looking at Data setting up the parameters for the Market far before I was born We have the Fed Pivot which Kills the Dollar strength we are already printing Money I think the euro is the sacrificial old regime lamb for this This is a hunch of the economists recent cover art for this Months magazine Psychopaths love to leave hints and bread crumbs for...
Heading into CPi data on the 13th we have a wave of momentum Risk on if it breaks down after Getting whipsawed on risk assets before is a bad bet conditions are easy playing and flowing with the FED who is actually loosing money in all of this somehow Flipping my overvalued MM dollars into a sell off is my plan
Basically SAM has Money Sam wants to be like CZ BNB SOL is not a ETH killer it is hot garbage and high risk The chain is always down it just has Money backing a Private blockchain it is not permission-less and I Would not bridge yet, I will trade its perp and make Moneys off idiots that is my Trade plan Greedy idiots will crowd into this one day...
Run with the big dogs why not pick up pennies behind a steam roller Full retrace Sets up Parameters and makes it easy to Trade
Yes lots of tokens But product is doing 500M in perp trades per 24hrs in these conditions Pretty cool to see that participation down -500M from 1b daily vol earlier this year I think you could catch a long heading into 2023 depending on your Time horizon If you think in quarters or years this doesn't look bad at all
Just some analysis & parameter set ups Think the Chart is pretty self explanatory Make what you will of it and use it as a tool Enjoy!
I think this is a buy Low vol oversold Down horrendously Fade the pump wick The dex works great Lping is cool Things piviot risk goes on this is picking up a wassie on the floor and punting him a few months later Bullish on dexs Self custodian is the way & something cypher punks support Not your keys, not your coins
Difference between 2008 and 2022 Dollar is strong Don't Fade the FED Risk on assets are a bid when Blow off top happens "Only you can change your life. No one can do it for you" Enjoy your Time -Brypto bro
Update on My BTC Bitstamp chart Some pretty TA to ponder on Everything is dependent on FED and their MM behavior Things can act irrationally or rationally until they pivot They want to kill real estate equity and rightfully so that Market is far more Scammy as a Risk on asset Previous ATH is holding I want to believe we bounce here at some point after this...
In a year the battle of today will be a victory of Men who were willing to put risk on at the right time and believe in a vision fear is a emotion of improper risk or lack of conviction
FTX Caroline unloaded spot today high on adderal Enemy of our lows Worst case does 100B leave in an event praying lows hold Skeptical until cash bid side flows in War chest has been partially deployed Navigating risk of Jane street alum shorters I will not die in battle cash is trash but strong not even net long yet have cash & equity to weather WAR Times
Merge is overall bullish for ecosystem but momentum is outflow out Dollar Strength all time high oversold lows in Billlions is parameterized out
Just some doodles on a possible bounce set up post FOMC Lows can hold here much lower is possible dollar is strong but eventually some big whale can punish shorts Short term hurting bears that are greedy Macro is awful just doodles enjoy
Parameters of Dollar Strength 119 looks like a good place to reject Idk how much longer this can be sustainable Just watching for a Dollar sell off Most likely comes with FED pivot looming in the distant Future Just some over all Thoughts and drawing on chart Enjoy :)
We are oversold We know its close in this chart The Market is closer to low. Than most think Buy the lows Sell the Highs Tutorial We are still massively in debt that seems to be unwinding US Republican Senators are Pro Bitcoin We have a Jerry atric in office that can't properly read a script No way BTC doesn't see new high next 3-5 years The scam debt...