TraderNK
956 posts
Speculative premium got taken out of a wide range of assets today. Now is the time to be rational and patient, there is no rush to deploy.
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Feeling pretty good about this, doubt we see much positive momentum this week or next.
Gold/Silver up will crush $BTC even more, perhaps blow off top for the shiny things once Iran strike happens. Maybe BTC sees a bounce then.
Aoraki Trading@AorakiTrading
Derisked a lot for the weekend. Let’s see what happens.
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Might as well self dox location to save you the trouble of clicking.
Gm.
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If you think buying at $84k is good value you will love $74k just as much next week
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@permabearXBT @kolyaproject Bro why are you giving takes if you’re not trading them
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@kolyaproject i haven't traded btc in a month or so cuz it's shit only alts and tbh I'm not interested in btc either.
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So let me get this straight you long 105k to close 110k but hold down till 75k
So an RR OF LIKE 0.2
Yeah you need to lose to learn good risk reward I think
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@cryptoklotz @real_y22 @gammichan he can be all of the above and be clueless about this, it’s a bad take
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@beezlebub101 @real_y22 @gammichan strong disagree - honestly one of the most reasonable/groudned/pragmatic people on my tl, and i edit pretty severely
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I've spoken on this a lot before.
People with absolutely zero experience trading can beat wall street by simply having intimate knowledge of a product.
Wall street knows finance and math, but they largely don't know science, they don't know tech and they definitely can't have in depth knowledge of every product out there.
Ejaaz@cryptopunk7213
i can’t believe the greatest AI trader in the world is only 23 yrs old and never traded in his life before. leopold aschenbrenner (author of the situational awareness essay) turned $1B into $4.1B in less than a year craziest part is he gave us the entire playbook he longed the hell out of intel betting on massive ai capex spending… few months later U.S. gov buys 10% of intel, Leo makes $500M overnight. now he’s bought $600M of $CRWV betting that neoclouds are going to kill it selling GPUs and data centers to the hyper scalers. So far it’s looking good, corweaves existing GPUs are booked out 6 months in advance and future capacity is already sold to OpenAI, Microsoft for $10Bs the psycho is also long Core Scientific to the tune of $400M who happens to be the 3rd party responsible for helping CoreWeave supply GPUs. So he’s basically levered $1 billion on a single company corweave. insane conviction, massively concentrated bet on compute demand multiplying rapidly. beast
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@real_y22 @gammichan @cryptoklotz Pretty sure gammichan has never worked a day in their life, seems completely clueless about how things work in reality
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oh, so now i am being „dishonest“ because i challenged your argument. okay.
i disagree that the majority of Wall Street firms don‘t know tech and science.
now you make a distinction between „finance people“ and „tech people“ that are both part of the same entity. you didn‘t make that distinction in your initial statement.
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I’m not bull-posting nonstop just because the next surge to new highs will be the final one.
BitQuant@BitQua
The final leg up is coming.
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@gammichan How many years experience do you have on Wall Street to make this assessment?
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@TraderSumo1 Why’s the 88.8k a wick support line but the rest are candle closes
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Market Update video is uploading to Youtube now. Says 28 minutes remaining
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@minute_mannn @smileycapital How do you have money to buy this stuff
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@beezlebub101 you are missing the point the exact numbers don't matter what actually matters is what was the consensus date that people were looking forward to and it was 6th oct
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Bear case -
-Tradfi is Euphoric
-Peak BTC inflows over the week yet btc couldn't meaningfully hold above ATH
-Tradfi PNL posting
-1064 days prophecy 6th oct
-BSC season
-Privacy coins
-Q4 is bullish is the most consensus thing in the market right now
-Harvest moon
-Bears flipping their bias.
Bear Invalidation : BTC meaningfully reclaims ATH
Bull case -
- Gold takes a breather from 4K and btc catches up, has worked out well in the past
- degenping 10/10 numbers ??
- CZ said Q4 is bullish but it can still be bullish and we washout some people over the next 2 weeks and run it back up late october
- Tom lee saying to bid 4.2K on eth
- Crypto is not euphoric
- Smart traders ik are still very bullish but only on BTC
- Alts dead in the water
Kyle@0xkyle__
we bid, or we die bull case - degenping 10/10 numbers - btc 120k holding well - etf flows constructive bear case - cake tops always lead to alt decline - zec tops = btc drops afterwards - snx pumping...
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