Short Bitcoin $30k

Short Bitcoin $30k

This chart shows a broad commodities index on the monthly timeframe. I see a breakout of a continuation pattern in a large uptrend that started at the COVID bottom.

This chart is not indicative of continuing disinflation. I suspect that risk asset markets will not be pleased when they realize the Federal Reserve is going to have to stay tighter on monetary policy for longer than is currently being priced in.

#inflation #recession #commodities #stocks #trading #investing #disinflation #Fed #interestrates #FedPolicy #macro #economics #economy

The difference is that I skip 1 out of 3 steps and a whole bunch of fees and taxes

Yep. Just buy the Globex open at 5pm Central and sell it before 7:30am Central. In the past month that I've been trying this I profited about 70% of the time. And it's been true for the past 15 years at least that S&P futures trade higher overnight more often than not. As long as that remains true, this is literally all you have to do to make money.

Traders are funny people. Most of them are actually seeking validation more than profits, but they don't realize it. You can show them a clear statistical edge, but if using it doesn't make them feel clever then most of them won't use it.

"While #Bitcoin's long-term log scale performance is breath-taking, its historical daily return is a measly 0.2%.

To newbies who want to get rich by day trading BTC: Don't. The odds are really 50:50. Instead, compound the 0.2% daily return by HODL-ing over the long term."

- @bitcoinfool

Can someone let me know ways of transforming my work into satoshis intead of transforming my work into fiat and then transforming my fiat into satoshis?

Nothing is happening on bitcoin right? There’s so much development it’s hard to keep track. nostr:note1sys92r5l08gdkevr8w7eec7pz3taxps62lj5d4c7uwtmtkn03hhq858uf3

People who camp outside an Apple store for three days to get the new iPhone or stand for hours in front of a LVH store to buy overpriced and useless handbags are victims of the fiat system and not trendsetters.

Your lifetime is absolute scarce and you waste it for bullshit.

I agree, 32k might be easy to punch through but next stop is 34k where the whole 🐻 army are ready to ambush 😉