Pump and Trumps abound in this timeline and there will be pain and a ton of volatility. If you count profit from careful swing trades, I'm 80% out of bitcoin at $121k average price. I expect more pain in the coming months as people begin to truly understand how inept Trump is.
I agree with Arthur Hayes' recent article that states Trump is likely pushing Powell for lower interest rates and more QE, but the path he chooses is fraught with risk and short term punishment.
_________
I'm 75% chart based though, and the chart bears this out. The void in price action from
73K to 
92K needs exploration. We will spend a few months here minimum before finding out if we go up or down next. I'm not DEAD SET against new highs this year, it could happen, but I strongly believe we will be range bound for months first. Study Wyckoff in the coming weeks and months for an idea about how this will happen.
I'm fine with this. I absolutely love range trading. Easy fucking money. If I'm wrong I am open minded and will rebuy back in and hold. Probably on a strong breakout of ATH. Good luck happy trading.
I agree with Arthur Hayes' recent article that states Trump is likely pushing Powell for lower interest rates and more QE, but the path he chooses is fraught with risk and short term punishment.
_________
I'm 75% chart based though, and the chart bears this out. The void in price action from
73K to 92K needs exploration. We will spend a few months here minimum before finding out if we go up or down next. I'm not DEAD SET against new highs this year, it could happen, but I strongly believe we will be range bound for months first. Study Wyckoff in the coming weeks and months for an idea about how this will happen.I'm fine with this. I absolutely love range trading. Easy fucking money. If I'm wrong I am open minded and will rebuy back in and hold. Probably on a strong breakout of ATH. Good luck happy trading.
Note
I have half a million in longs layered in the green box. Will they hit? Will it shoot straight to 60? We shall see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.