few understand. Q4 last year alts were at atl’s vs $BTC
The day it hit that bottom line which I posted months in advance is the day the market topped. Soon #bitcoin will break out temporarily turning alts to dust which in turn will lead to new ath’s + bring new participants
I thought $BTC was suppose to dump hard this weekend bc China?
Are we watching the news or are we paying attention to what price is doing at this key MACRO spot that is so fucking clearly defined a blind person could read it
Price showing strength on fud
37-30k bottom 45k Res
Today’s my last day on CT. I feel like a failure of a father
I dropped my 6 year old off at an orphanage for his inability to trade options
This started about 4 years ago when my son was 2 years old. I started to supplement his picture books and cartoons with beginner options books and Martin Shkerli's live videos on how to pick pharmaceutical stocks.
Over the course of these years I feel like he has retained absolutely nothing even though I have spent every waking minute trying to make him understand.
A year ago #Bitcoin was trading at 10k. A few short months later it'd trade at 64k. A lot has changed since then, the 1st country adopted it, the first banks plan to offer it. Mass adoption begun
What can we expect over the next 12 months?
First I think it's important to realize how scarce it really is when you talk about the adoption that likely to happen over the next year. Scarcity was programmed by design and this next year is where people mess up. Institutions are buying your coins (as discussed and proven)
In the next year:
We go from 1 to 3 countries adopting it
Twitter doesn't just integrate it but puts it on their balance sheet
Multiple ETF approvals that allow all companies access to BTC
To get where they are today took time and developing a culture
The above are all more than PFP's and most people there I believe won't worry about the "floor price" bc the floor price tends to trend up as a community grows and people want to be a part of it
From a macro PoV this is the prev range highs from Summer and a must hold level on the 1W. Below here I think you can call it a bear market if we start closing back inside that range. 40.7k is a key area on the HTF's
This is the most $BTC exposure I’ve ever had in my life fwiw hands down. Do I think 41k is possible. Yes. But I think we see 56-58k within 3 weeks. I’m macro bullish. I don’t really see any HTF bearishness here. I’ve also taken some to the bank 🏦
Btc is my safe place in the market
Happy to mostly be in btc while legacy does what it does and just enjoy the week ahead