Some longer term views: - Market structure for all majors are either broken or look extremely bleak. I don't typically want to remain aggressively long when there is this much uncertainty + weakness in the market. - I was long alts, but had risk limits in place that unwound…
Think we’ll look back at whatever this 2023-2024 cycle was and unanimously call it the SOL supercycle. In terms of price action it is quite literally the ONLY major coin to rerate materially vs any pair on a HTF basis. Manlets arise
One thing of note is the absolute monstrous strength $SOL shows, whether it’s rain or shine. I think it’s pretty much a given that this chart resolves up for ATHs at some point. There simply are more buyers than sellers.
We live in a simulation.
Day 369 of the supposed bull market: BTC has just reclaimed 60k for the 17th time, and I now feel the fomo urge to re-ape the entire book into memecoins as I’m still net down on the year after paper handing them just 3 days ago. GM
$SOL - Breakout and now first proper retest of those same levels. This level probably gets defended by manlets right?... Right?
On SUI: - Absence of literally anything happening in crypto results in PvPers looking for narratives to cabal. - SOL killer trade is appealing to most, given lengthy history of the L1 trade doing well. - Feels like whilst this is probably decent for a momentum trade, Sui still…
Ngl boys PA reminds me of either Mar 2022 or Aug 2023. Either way, choose your fighter.
Jul 2024 Trade Reflections: - Entered July with slight premature optimism and suffered 10% drawdowns on most of the book which I was forced to invalidate. - Following that successfully managed to buy the dip and flip for small % wins to recoup losses. - Trades began to…
Q2 2024 PnL Recap: Calling the quarter a little early, but picture is as clear as can be from a bull's POV. Early losses in April from deleveraging wipe, ETHBTC and ETH catch pre ETF approval, and a lot of bleeding in between. For those getting frustrated about current market…
JUST IN: #Bitcoin sell off is a "bear trap" and there is "a lot of institutional and retail interest" in #Bitcoin ETFs - Yahoo Finance
MICHAEL SAYLOR: No one that understands #Bitcoin is afraid of the volatility. 🎯
Earlier this week, I flew from New York's JFK Airport to El Salvador. This was my second visit. You can read the previous trip report I posted on December 2. This is an incredibly interesting country right now and I recommend putting it on your travel list. Here are some quick…
JUST IN:🇸🇻 El Salvador has the best performing emerging market bonds in the world. ✅ Put criminals in jail ✅ Crack down on corruption ✅ Growing economy ✅ Buy #Bitcoin for Strategic Reserve
Four years ago today, MicroStrategy adopted #Bitcoin as its primary treasury reserve asset; since then $MSTR has outperformed 499 of 500 stocks in the S&P 500.
UPDATE: NASA Astronauts might be stranded in space until 2025 after 8-day mission goes wrong.
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