I believe the market wants to squeeze up
I shorted the news yesterday as the market was buying into an obvious event (the only surprise would’ve been announcing BTC purchases without congressional approval). The down move cleared a bunch of OI
Now let’s look at the medium-term
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ETHEREUM FOUNDATION SUBPOENAED FOR THE FIRST TIME IN ITS HISTORY; ETF REJECTION INEVITABLE?
NFA; read below for my analysis and opinion
The Facts
- The foundation has removed the Warrant Canary from its website, indicating in a Github repository that they have been
Small alpha leak: the CME closes for an hour from 5-6pm ET. The market becomes extra thin during this window, resulting in exaggerated moves. Price *usually* mean reverts after 6pm, but of course this all depends on general positioning and the magnitude of the move
It’s v
Be delusional, embrace your insanity. You’re not gonna become successful by being a realist or a bearish French cuck
The greatest conquerors operated with constant delusion. You don’t march on Vienna unless you’re batshit crazy
Your counterparty still thinks Blackrock is some Jew in the shadows that buys and sells at their own discretion
As opposed to a bunch of boomer monkeys ripping shit in their PA
> I take profit
> “Huss are u calling the top??”
I don’t care about tops and bottoms. I put on trades when I see asymmetry and I take profits when the edge is captured
54k, 2 days ago: this asset class is a scam and we’re going to 30k
59k, today: macro backdrop looks great, ETH ETF, elections
You guys are such buffoons