I still believe in the supercycle. I made this graphic to show my $bitcoin thesis. Hang in there folks.
I decided to buy and staked
$TAO last week. I put most of it in root thankfully, and the rest in Ridges. I have less Tao now than when I started. Not exactly how staking is supposed to work.
I don’t understand why everyone is acting so surprised with recent crypto price action. #Bitcoin is working within a long established range. If it drops out of this range significantly, I will start to worry, but I have been expecting the 96-98k level for some time.
So much bear posting on my TL. If there is one thing I’ve learned about crypto twitter, it’s that when these accounts start popping up on my timeline, often huge accounts that I’m not subscribed to (and some I’ve never even heard of) it generally means a bear trap is in the works.
Every ounce of my being wants to sell right now and preserve capital, but in my experience, that is usually the exact point at which a reversal occurs. I’m going to stay long, and hope to at least get a bounce before things go really south. I’ve been patiently waiting to explore the lower side of this range (-$100k) for some time, and it would be a shame if the one time I decide to be stubborn, is the one that dips. I’ll take my chances.
#Bitcoin needs to reclaim a little over $14k to finish the month in the green.
#Bitcoin CME gap filled, bullish news from feds announcing an additional rate cut, and an end to quantitative tightening. We got a nice quick dip to flush longs, now expecting a wick up to clear shorts, then back to business as usual.
Powell announced another rate cut, and the end of quantitative tightening, and these mfr’s are still trying to tank #bitcoin.










