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.
Sign in to read the full notes
Get access to AI-generated notes, topic timestamps, and more.