Gmgm
CPI came in low again.PCE came in low two weeks ago.PPI will probably come in low tomorrow.Translation… Inflation is falling. Rate cuts are coming. PRINTER. GOES. BRRRR.
“The market is maturing”No, there’s simply not enough dough floating around to make money in bullshit memes.Elon just changed his PfP to an associated memecoin and it only managed $70 mill market cap.“The market is dying” is more appropriate.The market always matures when you can’t extract liquidity from retards.The market always goes back to “fundamentals” when it’s dying.I prefer the flight to fundamentals, but it’ll never be a sign of maturation, only bleeds.
Stop your obsession with indicators.If there was a magic tool that told you exactly when to buy and sell, the markets wouldn't work.Your edge will ultimately be your ability to understand price, market sentiment, and managing your emotions.
Solana - Unbiased Analysis 👾☘️ Solana hit a new all-time high of $295 this cycle but failed to hold above it. A massive bearish divergence is in play on the weekly chart, and the price is now testing a key horizontal support that has held strong for the past year.The 1.618 Fibonacci support is also at $117, making it a critical zone that must hold.Looking at the RSI, it's currently at 40, a level that has acted as solid support in the past.From here, Two scenarios can play out:Red : A bounce that eventually fades, leading to a slow bleed and breakdown of both the horizontal support and the 0.618 level. That wouldn’t be a good signBlue : A strong bounce from current levels followed by continuation into a new ath, as RSI is also having plenty of room to run higher.
Good traders are like athletes 👾Most returns are made in few pockets of the year. The rest of the year should be spent building skills, learning, and preparing for the next opportunity. The reason why most people lose is because they don't stop trading. Your edge is gone but you still feel like you need to take a position. Something pumps and you are scared of missing out. Your dopamine receptors are fried from the bull market and you are stuck chasing that high. Here's a secret. Don't feel rushed to make it. Stop thinking that this is your last opportunity. Markets can smell desperation and they will eat you alive if you let it. Instead take the time to reflect and learn. Like athletes training for that one moment, you are doing the same thing. The people who perform the best in the bull are the ones who prepared beforehand.
Yesterday, U.S. Spot Bitcoin ETFs recorded a total net outflow of $93.16 million, with none of the 12 ETFs seeing net inflows. Meanwhile, Spot Ethereum ETFs saw a total net inflow of $4.68 million, with none of the 9 ETFs having net outflows ⚔️💀
$SUI has been performing exceptionally well recently (last year and this week). One of the largest Web3 releases is taking place today, which could account for some of this. @walrusprotocol was created by Mysten Labs, the same team that created SUI, and is now available on the mainnet and exchange. The kicker: it's a quicker, more resilient decentralized storage infrastructure that competes with Filecoin, Arweave, and Celestia. Why this matters: - $140 million raised (a16z-backed). - Airdrop: 10% to the community (4% now and 6% later). - Ecosystem: Plume Network, Tusky, and others are already building. There is currently a tremendous opportunity in the industry to change the way data is stored and used online. We don't currently have anything that brings crypto apps fully onchain with decentralized storage. So far, it has proven to perform better than existing options. SUI appears to be deploying an increasing number of tier 1 protocols, which only adds to the ecosystem.
Historically, April marks the turning point for $BTC.Based on the last 10 years of BTC seasonality, there is a 75% chance of upside between now and end of year ⚔️👾
You have everything when you have nothing to lose💀