Short thread today investors but it’s pretty important.
As predicted, Biden has stepped down and endorsed Kamala Harris for the presidency. Following the announcement, the markets dropped sharply, but then recovered very quickly.
We are now in the process of pushing to $70k so…. LONGS ARE #SAFU .
Congrats to those of you that swapped to long positions, you can’t get intelligence like this anywhere else.
Also, if you needed anymore reason to be long, here is Elon Musk’s current profile pic:
I know.. it’s insane. Gradually at first, then, all at once. (For those of you new to crypto, the “laser eyes” phenomenon means that someone is bullish on crypto. Elon has a tendency to move markets)
Behold, imaginary lines on the BTC daily.
Now look, this is fantastic news, seems like the next leg in the market is imminent. But in order for me to be truly bullish, we need to see BTC break above $70k, and HOLD that range. I ideally would love to see a retest of $69.5k to $70k tonight, with “real” trading volume / CME to continue on Monday. Be cautious as we approach the $70k mark. There’s a lot of people counter trading and hoping BTC rejects that level. If you’re skittish and on 50x leverage, that could be a very good point to take profit just to be safe. If you’re holding 20x leveraged positions and below, you’re probably safe to just hold and wait and see if we actually break above and accept new highs.
We’ve pretty much migrated out of most of our stables, with some in reserve to scoop up interesting small caps and memecoins, but we are mostly allocated and waiting for the rocket ride. Reminder, we are playing the macro game, we don’t care for the intra-day moves. That’s for gamblers.
If you are still for whatever reason sidelined, now could be your last chance to get allocated into high-conviction coins.
If you need direct mentorship and one on one time, feel free to subscribe to our VIP Founder’s package and we’ll get your portfolio squared away. Premium Discord coming soon, more to follow.
Big things to come 💥🎊