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I truly think that the idea of the Fed/Government is that they can't stop CEO pay at the top. So what they do is pump up the market, that makes many more rich, even just regulars guys with pensions. Then they give away free money to the lowest part of society, so that has them covered. And...

Imagine the kind of position you can build short over hours or days when you know the tweet you release is going to tank the market!

Out of curiosity, how is this official? Who is this Mr. Whale guy? You say the info was released today, but do you have a link for the official press release or something?

Love the way you are presenting your trades in this journal. Quite transparent and methodical.

Totally agree. I would say its quite similar to studying market depth with futures for example. I watch thick BID/ASK levels and as I've read all over the place, sometimes these act as a magnet, other times they act as support or resistance, and other times these levels trade the huge quantity...

Ya, I'm quite surprised that Elon Musk could have pumped Dogecoin so much with zero repercussions.

I found this chart from the article quite interesting. So right around the time the number of addresses peaked, BTC price was still rising slowly, and then went sideways. So either, as you say, these guys are breaking it up into multiple addresses, or can retail have really absorbed all the...

Whatever happened to these longs from yesterday? Are you adding a third time?

I think its highly unusual for these markets to be so out of sync. I notice that YM had heavily dropped from its high though, but if you had some good profitable longs in there to offset the longs in ES so far that are losing, then that is awesome!

I wish I was one of those as well. I do believe that that "math" of scaling in and buying dips works very well in a bull market, which we are clearly in. When the change happens, it will be interesting if switching to shorts is prudent. But bear markets of course also have the "rip your face...

Your trades have been extremely profitable the past month. So don't you expect to be caught at least once on the wrong side where even after a scale-in it continues to go against you?

The beautiful thing about crypto is how easy it is to move to the next one. First BTC was the darling. Then ETH was, and still is. But now this shit coin DOGE seems to be taking the spotlight. And although it can be argued that DOGE has vast differences between the first two which are said...

Thank-you for your detailed reply. You make excellent points, and I don't doubt the world is going DAE. But I just don't believe that the system will escape the grasp of the FED and big banks. The idea that the entire financial system running on a decentralized blockchain I can only see if...

I will take the opposite side of this trade. :D It should be fairly obvious by now that trickle down economics doesn't work and the income and wealth inequality just keeps getting worse. More robots will not make it any better.

I understand what you're saying, but I don't agree because I don't think the FED will agree. I remember learning about how in NY back in the day, you had to buy protection from the mob if you didn't want your store to run into trouble. Apparently they had ways of making sure everyone bought...

But that is because when it does fail, it will fail hard. If I use my credit card and its stolen, no problem. If I forget my password for my account, no problem, but money isn't lost. But with BTC, the tail risks, although rare, are much more devastating. Of course I missed the opportunity...

Seems very strange indeed. According to the chart below, 415 hit for only a minute, but in that minute, it was nowhere close to 416.50-417 range you mention. Something is definitely off. Any chance you're using delayed data? The 415 print happens at 10:22, but if your data is 20 minutes...

I think its pretty scary to be honest. Its kind of liking saying government employees will soon go into the prostitution business. :D I think there is quite a bit of risk for the banks. I have long wondered how an exchange can operate and take in all the buys and sells when it takes about 20...

It is absolutely incredible to see how weak BTC is right now compared to ETH. When gold was dropping and BTC was going up, people said it was a rotation out of gold and into BTC. So is it really the case that so many people are ready to jump ship from BTC into the next moving coin? It just...

NFTs in my opinion is useless garbage. But the DeFi is interesting. I imagine if the governments totally lose control over monetary policy then I can see how DeFi would be a hit. But can I really see it replacing the banking sector? Do I really see banks sitting by watching 50% of their...