Mercury639

I think Bron can take 1 game
odds are pretty fair imo
goodluck (to me)

Stock trading experience vs. Crypto trading experience:
- I bought the 1H 200MAs breakout on $GOOGL; my target is infinity. my position was never underwater and price continues to move vertically into new ATHs
- I bought the 12H 200MAs reclaim on $BTC; my target is 90k. price spent 2 weeks trading around my entry and is only halfway to my TP

Pistons in 6.

$BTC
people genuinely asking me if my thoughts have changed since we're trading -2% off the recent high
no.
same people that, just a few weeks ago, told me: "you bought the top" / "breakout traders were done dirty" / "looks like it was a deviation again"
before my bids had even gotten filled...
it's a poor mindset, and something I've spoken about frequently on this app.
I focus on significant events, and significant trends/levels to go along with them
as a result, I ensure that I'm a part of every meaningful move [or happily missing out as everything dies for 6 months straight]
most people en

stop looking at charts like Sandisk and Intel and using it as reason to be underwhelmed
you’re missing the point.
the margins for what is considered ‘normal’ have been widened
you watched Gold, Oil, and now Stocks, trade like illiquid shitcoins
what do you think illiquid shitcoins will trade like? [eventually, when the time is right]
if only there were a higher-beta industry where eventually people will want rotate capital into once the volatility on those larger assets goes back to normal and momentum fizzles out(!) — that would be a no-brainer play
can you think of an industry that’s known

once again people on this app fixated on buying the bottom just to fade the rally after bottoming
this is how the average person will always approach markets
which is why trend-traders will always win on a longer time horizon
now send Bitcoin to $90k this month.

said I would take Pistons game 7 and I did, but forgot to post it
for my next trick: Raptors for the upset

$BTC / #Bitcoin
looks pretty good
local price action is constructive. managed to reclaim local trend + level and slowly grinding back to the highs
Very HTF inflection point held successfully
should be enough fuel for a rally to 90k.
goodluck to all.

I actually don’t wanna see Pistons lose
but something tells me Magic take the series tonight
if not, will take Pistons game 7
gl.

today seems like the beginning of the next leg higher btw
enjoy.

I’ve watched people flip bias on the market several times as everything just stalls sideways in recent weeks
reminder that most will obliterate their portfolios being too eager for the next move, and all you have to do is be better than those people in order to win hard.
“the market is a device for transferring money from the impatient to the patient.”

a lot of the alts that people were bullish on throughout the recent bullmarket cycle are so dead they’re now getting delisted from exchanges
but if you tried to reason with people in the middle of manic rallies, you would have been mocked and berated
fascinating, isn’t it?
the same thing happens again and again, yet people repeatedly fall victim to it nonetheless
something to keep in mind for next time.
[yes, there will be a next time.]

betting under tonight
thesis: Pistons take game 5 (but that bet is priced poorly imo), and they play better when in half-court sets and slowing the game down
also, I just have to say, it’s impressive how bad J.B Bickerstaff crumbles when it comes to playoffs.

I know traders worth millions, that spend 12+ hours a day staring at screens
and if you ask them why they started trading, they'll tell you something along the lines of: "to escape the 9-5 matrix and not be a wageslave"
they don't even realize they've substituted a clock-in sheet for a PC, and now work 80+ hours a week
it's ironic:
in order to be good enough to generate millions, you have to become obsessed with trading
and once you become obsessed, the border between addiction is incredibly thin
so even after many achieve their goals, they find new ones to continue feeding into that addiction

> "no Merc, you don't understand: $BTC is outperforming because it's up 30% off the lows, as $SPY is only up 13% off the lows!"
life must be a lot more peaceful when you're this dumb.

hey guys, if you didn't know: crypto is down as equities are at ATHs.
Stocks are making All-Time-Highs as Crypto is trading lower
stocks are up & crypto is down.
$SPX price discovery; $BTC red.
just letting you know in case nobody told you yet!

crypto is not dead
most people found themselves hyperbullish buying “dips” as the market went -50-90% lower for 6 months straight
now traumatized and forgot how to dream
all it takes is one rally and everyone will be reminded why this is the greatest industry in the world.

I’ve been cashing betting on Lakers. Rockets are playing like garbage
anecdotally, most are still downplaying the sweep.

$BTC
my thoughts on the market have not changed.
Bitcoin is making Higher Highs + Higher Lows on the weekly timeframe, for the first time in 6 months
reversed a 6-month downtrend
broke out of a 2-month range
I still think we're due for a rally into 90k (before lower)
but if you would've told me stocks V-reversed into new ATHs, and Bitcoin would be trading at only 77k, I would not have believed you.