Thesis: Covid brought tons of money printing and greatly reduced purchasing power of consumers. Many retail consumers became infatuated with high stock prices and started investing their Biden bucks and are now going to be left holding the bag. Consumer Price Index (CPI) has gone rampant this year much like right before the 2000 recession. Crypto markets turbo nuking -50%+ last month and bitcoin forming a similar ascending wedge as the QQQ is the top signal for all markets. Just like how the crash of 2000 was led by the nasdaq crashing weeks before SPX and Russel 2000 started selling off; crypto of 2021 is analogous to the nasdaq of 2000. This is a thesis driven and concentrate bet. Stop loss above the ascending wedge, profit-taking target: record-breaking sell offs.
Note
going to stop myself out depending on what happens tomorrow. was a fun yolo trade
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