WARNING: BITCOIN COULD MAKE NEW LOWS SOON?!?
These notes were generated by AI and may contain inaccuracies.
$1.2 trillion dollars added back into the markets after a dead cat bounce. Markets were oversold and selling off yesterday. Speaker anticipated buying dips on quality companies that didn't sell off much, unless they reported earnings. Amazon retraced decently but recovered; ended day 5-6% red after starting at lows of $196 from highs near $250. Not a significant pullback compared to Bitcoin.
Bitcoin and speculative stocks saw most panic. If holding cash positions without leverage, nothing to worry about. Selling pressure from leveraged traders liquidating. Speaker shared both sides, stopped shorting because markets too oversold. Example to LPP team: one tweet away from V-shaped recovery. Concerns like Iran situation hovering, but markets gapped up pre-market, consolidated, held up strongly, recovered most of yesterday's losses. 2% day huge for NASDAQ.
Speaker doesn't trade crypto, doesn't believe in it, but supports right to own if value seen. Yesterday's panic: liquidations, going to zero, conspiracy theories like Epstein files and Satoshi. Considered dead cat bounce idea: quick pop then down. 1-minute and 5-minute timeframes show sharp recovery, broken above moving average.
Every previous Bitcoin retracement 75-85%; this one ~52% from highs to lows. Makes more sense to buy now than at $120K. Doesn't believe in MSTR (MicroStrategy) or ETH stocks calling themselves Bitcoin treasury—dilutes value. Better to buy Bitcoin or Bitcoin spot ETF. To each their own.
If bought dip yesterday, fine. Skeptical of claims buying exactly at $60,300 support. For long-term investors, dollar cost average on dips weekly/monthly, maybe heavier after selloffs. Worst: go all-in now before potential crypto winter or another leg down. Use cash only, no leverage on speculative assets—avoids forced liquidations on margin calls.
From lows of $60K, 18% up to highs of ~$71-72K. Possible retest $68-69 support (EMA line), break to retest $60K. Encourage calculated approach: buy what you want, but plan to make money.
Split desired investment into 3-4 parts.
- Initial buy the dip: e.g., $10K total → 33% ($3,300) first.
- Next: after consolidation or confirmation of reversal (higher highs/lows, breaking bearish patterns).
- Add more as conviction builds, in the green.
Different timeframes give perspectives. Don't add during selloff (adding fuel to fire). Wait for support establishment, recovery signs.
Dislikes MSTR bag holders—hasn't met anyone in green, especially post-downturn. Many down 50-80% after overleveraging at overbought levels, greed for $500-1000/share. No risk management. 364 green days erased by one bad day. Not your money until locked in profits. Speaker takes profits early with LPP.
No one predicts future perfectly. Share ideas to consider upside and downside, stomach downturns with no leverage, position size management, tolerable stress. Trades live mornings with LPP team (stocks, shorts like MSTR, for beginners). One-time payment, lifetime access; members since 2018. Second link in description. End year green.
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