Bohrbtc

Bohrbtc

The first macro recession for crypto assets is perhaps right around the corner. Bitcoin will be put to the test at a time when it has never been more viewed as a stable store of value by so many people. The volatility is going to be brutalizing. Don't get wiped out on the path to infinity.

Bohrbtc

There is still the possibility of a higher high this quarter with the most recent dump providing such an amazing inval level. Goes to show that the liquidity holding this market up is few and far between (at least for now). This rally will fail to hold until global liquidity conditions improve drastically. The catalysts are all building and I don't really...

Bohrbtc Updated 

First off, please know that I am a massive Bitcoin proponent. What Saylor started in 2020 was special and bold, but now, it has morphed into the opposite. The company is levered to the max with bitcoin holdings now at 1% of the entire supply ($10 billion at current prices) coming primarily from dilution and debt offerings (of which we are now in a high interest...

Bohrbtc

If you are always bullish or bearish it's hard to lose forever. This probably won't happen. Maybe 1 in 1,000,000. 2020 type odds

Bohrbtc

Artificial intelligence... AI... need I say more?

Bohrbtc

Seems like LK-99 is coming back around so it's time to watch AMSC My guess is in a week or two price starts picking up and we get another big move Position early while protecting downside is all we can do

Bohrbtc

Structurally this bear market is much different than 2018 and you would expect as much with a larger market audience involved and size of $$$ floating about. Although the bottom of the industry should have occurred November 2022 when SBF and FTX along with many other firms were going under, Ether price acted almost as if nothing was going on. Just about 1 year...

Bohrbtc Updated 

Every time LINK reaches $8 the broader crypto market sells off with bitcoin going at least -15% I'm betting on at least one, maybe two more of these occurrences before market structure changes.

Bohrbtc

The market will test Binance before this winter comes to an end, unless the US authorities get to them first. I actually believe Binance has a credible organization in an industry that is full of the opposite. CZ will likely be viewed in 5 years or so as one of the most visionary entrepreneurs of our time. I believe his success will anger the few nations that...

Bohrbtc Updated 

I like to say that spot (stock) is a superpower. Trading options over the past few years has taught me a lot about being right at the right time AND being wrong at the right time. If our absolute cutoff is $7.95 then it gives around -10% downside ignoring fees. The play isn't soley based on the chart or the hype around LK-99. It has to be on the overly...

Bohrbtc Updated 

"Ultrasound money" meme is just too good. I do realize I am coming off as a mega bear.. but when you price stuff against the best performing asset of all time, you get charts that look like this. Eth has had impressive returns no doubt. And I even believe it has value as a protocol itself. This is known and consensus now. As a vehicle for obtaining massive...

Bohrbtc Updated 

The long-term trendline that has held from the bottom of 2009 will be tested at some point in my opinion. If Powell continues raising rates until something breaks (which is what it seems like he wants at this point) then the market is going to have to comply. No new highs for the index.

Bohrbtc

Personal bias with NVDA trading where it is leads me to take a long combined with weekly RSI holding the 50 level Cutting risk under $99 will accelerate a dump if one comes Up before down or down before up?

Bohrbtc Updated 

After leaving Twitter to solely focus on Bitcoin, I believe the re-brand of Square to Block is going to be huge in terms of direction for the company. Bullish on Block, one of the largest Bitcoin focused companies paving the way for mass adoption. This is the next generation of banking. Don't underestimate the Jack.

Bohrbtc

Retest and dump it. The market is as weak as can be. Hold your hats.

Bohrbtc

Low volatility is what we are seeing now, but it will not last forever. Liquidity has exited the crypto markets meaning prices are able to move lower with little fight, but that does not mean it will be apocalyptic for what we must consider the index of the space. The better buy is below the current range or above, in between are the mentally taxed (and I have...

Bohrbtc

Charting bitcoin is great because it is one of the only assets that appreciates in such a beautiful manner. Price goes just high enough to garner the world's attention, just to destroy their hopes, and then do it all over again at higher prices. When will people capitulate to the upside and just give up on not owning any bitcoin? That time is probably coming...

Bohrbtc Updated 

This is such a clean setup and why I love EWT.. it just goes to show that there is a method to the madness in human emotions and psychology in the markets. I fully expect the end of this C wave to do it's job and remove the necessary market participants before running higher. In other words, buy the macro dip.