Market Crash Cancelled?
Updated
I have reason to believe the catastrophic black swan event i have been predicting is no longer going to take place, at least not for a good while. I think we should be cautious as we head into mega cap earnings and maybe TSM + NFLX will send NQ even lower. I obviously don't know for sure, but we should have a good idea of where things are after earnings season.
That being said, I was fully on board with BTC to 100k but had to change my bias after the double top near 71k. I wasn't sure how low it would go and thought it may crash completely with stocks. However, I'm back on the 100k+ train now. I think the next few years will be great for BTC. I think it'll be one of the greatest assets to long here.
I'm not sure about stocks with all the recent rotation, but I'm expecting a huge melt up from here. Again, gotta wait for earnings season IMO, my original prediction may still come true. I hope it doesn't. I don't want to be a flip flopper but I'm feeling a lot more optimistic after witnessing market sction this week. Still need confirmation and patience, we'll see.
Remember, you don't need to know where price is headed next to make money.
That being said, I was fully on board with BTC to 100k but had to change my bias after the double top near 71k. I wasn't sure how low it would go and thought it may crash completely with stocks. However, I'm back on the 100k+ train now. I think the next few years will be great for BTC. I think it'll be one of the greatest assets to long here.
I'm not sure about stocks with all the recent rotation, but I'm expecting a huge melt up from here. Again, gotta wait for earnings season IMO, my original prediction may still come true. I hope it doesn't. I don't want to be a flip flopper but I'm feeling a lot more optimistic after witnessing market sction this week. Still need confirmation and patience, we'll see.
Remember, you don't need to know where price is headed next to make money.
Note
Like I said, stocks may be volatile for a bit, but I have no problems whatsoever with buying and holding Bitcoin right now. See you all at 100k and beyond.
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ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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