Had this long open for 7 days at $61500
The golden cross is here and we are dipping hard into it. This is potentially quite a good place to go long which is why I've had this order up for such a long time hanging in midair. At this point it's become a surprisingly hard lesson in self discipline as I keep stopping myself from canceling the limit and just doing a market buy at $62k. I also had to stop myself from longing the top a couple days ago at $65500. Shockingly doing-nothing can be quite difficult in crypto.
The stop-loss on this order is $57k and the take-profit is $71k, so if I win this gamble I make +40% and if I lose it's -20%. Interesting to think that a bet like this could lose twice as often as it wins and still be a break-even gamble. Personally I think the odds are in my favor if the price actually dips to $61500, with that golden-cross acting as direct support to this uptrend.
Doesn't really matter either way.
This long I have in play is a tiny bet and doesn't really matter if it works or not. Nope just kidding it literally just triggered while writing. Uptober is here, and it seems like pretty much everyone in crypto has forgotten what happened last year.
How has everyone forgotten this?
Last year everyone was talking about UPTOBER as well. What happened? Nothing happened for two weeks and UPTOBER was declared dead. Then over the next two weeks we spiked 30%. Will the same thing happen again this time? Somehow I doubt that but maybe. This run seems to be a little bit earlier on all fronts so we might start strong and lag at the end. Either way I think we can count on volatility ramping up as we now find ourselves within the mythical Q4 quarter of the year.
Officially a day trader mere minutes ago.
The price has crashed EXACTLY into the golden cross and so far has made a slight recovery. I can't really express how bullish it is if this ends up being a hard-bounce and we don't dip any lower than the golden cross. I'm not the only person who saw this happen. This indicator is the stardard. The MA(25) and MA(100) are the DEFAULT moving averages on platforms like Binance; everyone sees them which is exactly why they are so important for creating these self-fulfilling prophecies. Looks like I'm already up $60 which is LOL. I doubled down in real time right when it hit the crux at $61k so which me luck on this one.
So what else is going on?
https://x.com/KatiePavlich/status/1841156525747810604
- Strike
- Hurricane
- War
- More war
OH!
I also saw a rumor about local law enforcement threating people trying to help with the floods and hurricane emergency. "Do you have a license for this rescue?" vibes. Unbelievable. Meanwhile FEMA sitting on ass like they always do. Could this be the nail in the coffin for the democratic campaign? Oh wait that's right George Soros also just stealth bought 200 ratio stations.
George Soros’ ‘unprecedented’ purchase of Audacy radio stations before election investigated by lawmakers: ‘New shortcut’
Wait... what?
Who gives a shit about radio?
“We have established over a number of years one way in which you can get approval from the FCC when you have an excess of 25 percent foreign ownership, which this transaction does,” Carr said. ““It seems to me that the FCC is poised to create, for the first time, an entirely new shortcut.”
“By all appearances, the FCC majority isn’t just expediting, but is bypassing an established process to do a favor for George Soros and facilitate his influence over hundreds of radio stations before the November election.”
Hm that's weird...
But why???
I have no idea why Soros would do this unless it was to manipulate the thinking of Americans and the information they listen to.
I mean that's pretty much the only reason why billionaires buy legacy media... right?
No surprises there.
Conservative talk radio is one of the few communications that conservatives have not a monopoly on but have a strong handle on, and he has bought stations that have Mark Levin and Sean Hannity and Dana Loesch and Glenn Beck.
LoL wow really?
Would a billionaire really burn all that money just to filibuster an opposing political party and kick them off of their own stations? Guess we'll find out! Not that I'm going to care or have a horse in this race seeing as I've never listened to talk radio before in any real capacity.
Conclusion
The world's going to hell in a handbasket but maybe number will go up, amirite?
Pump my bags, Blackrock.
So on and so forth.