gold2024

The most amusing part about all of this is that the cycle is playing out exactly like every single other time before and yet people are still putting out mid curve takes on why this time is different

I've had 'Bid mid 50s on BTC like your life depends on it' stuck in my notes for many months now, we're almost in execution time...

$ZEC is starting to feel more and more like the last safehaven, free from the influence of people like Michael Saylor, Tom Lee and other big entities.

See you guys after summer, it's time to go on vacation and enjoy the fruits of your labour this year. Perhaps find a nice morenita in France who can clap the alphabet without her hands.

If that was indeed the top for Bitcoin I don’t think this leg down will happen slowly, these downside moves happen super fast in a bear market and don’t give much time at all to prepare for it to happen
In fact we spend most of the time during a bear market going sideways and up… but these downside moves are swift, violent and happen over 1/4th of the time

I think we’re almost at the part of the cycle where $ETH gets an extremely hated rally
- ansem ‘eth is going to zero’
- bankless founder sold all his eth
- Mark Cuban sold all his BTC while continuing to hold onto ETH
Incredibly despised and hated by all except Tom Lee

I think we’re almost at the part of the cycle where $ETH gets an extremely hated rally
- mark Cuban sold all his eth
- ansem ‘eth is going to zero’
- bankless founder sold all his eth
Incredibly despised and hated by all except Tom Lee

Haven't actioned anything since a couple days ago. Aside from the few coins moving like ZEC and HYPE there's not really been much that has caught my attention or even moved.
Just trying to be patient here, this is usually when I would start roundtripping, by forcing trades + profits
This month has been fantastic, up about $400k on the month so far. This is usually the point where I would withdraw profits to the bank... But this time I don't plan on withdrawing to the bank for the next 3-6 months. I think now is the time to start having liquidity on exchanges and preparing for the next big run

It feels like it might be about time to find yourself a nice morena and go and enjoy your euro summer fellas

Man it feels good going back to my roots. Narrative and fundamental plays.
We are so back

Trade Update:
I'm completely flat now. I ended up closing NEAR when BTC looked a bit shaky and went to sleep with no positions open for the first time in weeks. It's been a really nice few weeks in the market, and after 6 weeks of upside momentum we look to be stalling out.
Even if we don't top out here and continue higher over the next few weeks there will be opportunities that arise. Happy to be sidelined and wait for these opportunities instead of spamming positions now and potentially roundtrip.
For now, I watch and wait.

I would pay attention to $NEAR. In Hayes most recent blog post (only 5hr old) he talks about NEAR being his next altcoin of choice. Regardless of your thoughts about this I don’t think that its a good idea to fade Arthur considering his blogs regarding HYPE pushed it double digit % gains.

Live on Kick to discuss the market and go over my trades from this week:

Try not to do much business on a Sunday, it's probably the day with the least edge you have in the market

The closer a coin gets to its contract highs, the more likely it is that it takes out the highs. It becomes like a sort of magnet.
Up.

We’re still in the phase of the trend where people are exiting after every pullback out of PTSD
That’s not a typical trend topping signal