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Whadda mean? Those lagging indicators at the Fed need to get their heads out of their ass and see what's happening on the ground.

I took half off the table already, so ain't too worry. But I have a feeling the market will swoon after tomorrow's CPI. Just a hunch, of course. From what I'm told, the grinch is late to the party by almost 2 months. But I say he's early by 10 months. :)

Companies that announced Major Layoffs and Hiring Freezes Feb. 8th, 2024 intellizence.com Intellizence offers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze data for market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor public...

We'll see about that in 3-6 months. Just wanna leave a record for future reference.

Unlike the previous sessions, we didn't get the relief rally at the end. Doesn't that tell ya anything? Stay tuned.

Looking for 5030 as the possible downside target for today, where I'll be happy to unload a few burdens (handles, whatever) off my shoulder.

Thanks. As they say, I might be emulated, but never duplicated. :D

That's what stop loss is for, isn't it? :) And the market seems to agree with me so far. Let's see if the BTFD'ers will step in to save this MOFO.

Short 5065 SL 5081 PT 4965 (100 handles)

Shorting here at 49.9K SL 51K

Keep your eyes out on this thing for the next few days. Looking very toppy here. It's practically begging to be sold. :sneaky:

So fess up, how much have you lost so far? Your sarcasm no longer sounds sarcastic. :confused:

Oh, yes they will, especially when the recession comes around the corner (which is not far off IMO).

Oh, c'mon now, I ain't predicting that it will crash. A drop down to 45K from here would be less than measly 7% decline (a drop in the bucket), nothing out of the ordinary for something as volatile as Bitcoin. :)

It was way too easy the last 5 days. No friggin' way they (the big money) will make it that easy for retail traders going forward IMO. Either way, good luck.

But you won't see me chasing after that fake rally. ;) Just look at that...meh!

My point isn't about lowering or not lowering rates. It's more about TIMING. If companies lay off workers en masse, which I believe will happen soon, the Fed will have no choice but to cut rates. The thing is, they're always late to the game and resort to draconian measures, like opting for...

You sold OTM and bought ITM, and yet still collected $450 premium? Shouldn't it be other way around? Edit: I see @cesfx asking the same question. Didn't see it before posting mine.

Yup, I'm out of my long but didn't flip short this time. Plan on getting back in whenever we go back down to 45K :)