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TheFlowHorse
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With all the treasury companies set to but
Bitcoin
, every possible bullish catalyst, one should ask why we are not much higher above all time highs yet?
#BTC
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TheFlowHorse
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Every cycle the same patterns play out. Besides Bitcoin over longer time horizons, date, don’t marry.
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Feels like the dumbest thing to do in the near future might be to extrapolate too much beyond this range Bitcoin is in. Better contextual r:r at the lows to be long, better r:r at the highs to be short, until that changes nothing changes. Summertime sadness.
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Is it me or does Circle’s current valuation appear a bit disconnected from its underlying economics? At some point this is going to be an incredible short.
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What if “Sell in May and go away” / no trending over the summer means Bitcoin just trades flat until September?
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Posting some shorts again. Stuff taken from the @TradingStable https://youtube.com/shorts/DfxPXW1cRlI?si=QSNKG7ZgYexxQUxG
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