DerrickRiley
8.2K posts

DerrickRiley
@derrickriley69
practicing gratitude and abundunce













Kevin Warsh is rumored to be the incoming Fed Chair, with Trump's announcement expected tomorrow. The spike in Polymarket odds suggests a leak. Warsh has advocated for a structural overhaul of the Federal Reserve and a "new Treasury-Fed Accord." He posits that an AI-driven productivity boom is inherently disinflationary, providing the basis for aggressive rate cuts. He also contends that the Fed's balance sheet has been used to subsidize Wall Street and should be reduced significantly, signaling a strong stance against QE.


$BTC Another 30%+ drop, another low many start calling for lower. Not the first time this happens, not the last time. We'll see if they will be right this time. The pattern is always the same: 1/ ATH celebrations 2/ 30% drop 3/ It's over, short the bearish retest 4/ New ATH's. No hard feelings, but that pattern still isn't broken and still confirms our analysis. Albeit a slow reversal, one where we had to fight through, I aim to bring home the ultimate trade. Good luck to all of the ones left believing with conviction.


@astronomer_zero Would it makes sense to go short now at around 93k?


$BTC shorts Trim off another 15% here at 91.9 Alright as promised, here is price again near the lows, assuming lows hold here for a bit, it makes sense to trim another 15% here, also giving you a chance to TP now if you missed my other post on the first trim. So total off is 40% now. This way, if SL at 94.9k gets hit here (I very rarely move SLs break even, it is generally a bad move), then it's a just over break even, even after subtracting fees. Trades that are well taken should never end up in a loss. Playing it safe on these shorts while riding the high timeframe position from 84k, and whilst not ruling out a revisit to 87.7k for a compounded long if it shapes up. Also kept my limits for the targets below, see the chart.













