Not trying to act like anyones Dad here but I would say 90% of messages I get from people freaking out or getting super worried are because people are on margin and/or buying options.
I have personally never even messed with margin believe it or not but I have played options many times and although I've won more than I've lost its still not worth the added stress imo.
Selling options is a different story but other than that I would say 98% of people should just be sticking to shares.
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$COIN $MSTR $BMNR $ASST $SBET etc. are all corrective from the highs along with $BTC and $ETH meaning there is no actual downside set up yet and local tops are not in.
Lol combine this info from BP with the chart and its definitely a good time to be bearish on $IREN.
$IREN instituional ownership is at absolute ALL TIME HIGH.
Soon $IREN will go brr brr..
-BP
Not financial advice.
Damn that actually is not great.
The Jim Cramer of crypto, just worse because he actually has bad intentions.
Thankfully the charts say higher but ya, never listen to this guy.
Every dip is an opportunity.
$BTC and $ETH were not in triangles which would've been the most fun but pretty rare.. so ill put my hand up on that.
They are however both still in completely normal retracement zones for their respecitive wave 4s pullbacks.
Clarity Act was a dud as usual.
Rate hikes are pretty much priced in imo.
So maybe another 24 hours of unwarranted fear?
Then it'll be time to head up imo.
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TLDR
Most intelligent people are imo looking to buy both stocks and crypto over the next few days not sell them.
If I was on an island and was just looking at charts without any outside influence/seeing people freak out constantly on here I would not be the least bit worried about anything based on the actual price action I am seeing.
I don't really recommend excessive drinking or drugs but try to take it easy lol.
and use this tool for rate hikes.. we have been over 75% for almost a week now/since CPI on Thursday so the rate hike is prob 95%+ priced in imo.
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If I was on an island and was just looking at charts without any outside influence/seeing people freak out constantly on here I would not be the least bit worried about anything based on the actual price action I am seeing.
I don't really recommend excessive drinking or drugs but try to take it easy lol.
and use this tool for rate hikes.. we have been over 75% for almost a week now/since CPI on Thursday so the rate hike is prob 95%+ priced in imo.
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These Ai accounts are starting to piss me off man lol.
I assume everyone is seeing the same thing?
They are all verified but have some generic bio, post bs stuff and all have a landscape background of a lake or mountains, etc.
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There will be a flush on bitcoin:native because unfortunately wave 2's are not optional but we gotta get way more people flipping bullish first and trap them.
This will come in the mid to high 80s imo or maybe 90s as mentioned previously.
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I really try not to RT too many comments of people fading my stuff bc then people won't comment as much bc they obviously don't want to get called out which at the end of the day means less engagement.
The reality is replying under comments is easy, being out here in the arena putting your nuts on the line every day on small time frames in front of hundreds of thousands of people is an entirely different animal.
Disagreements are completely fine, that is what makes a market. I encourage you to disagree and/or voice your opinions and you may very well be right sometimes.
But I do my very best to not be rude/arrogant so if you are rude/arrogant in my comments and end up being wrong.. I have decided I will cook you (if I have the time/remember).
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Distribution doesn't happen at the lows my guy lol.
And I really am not trying to be mean man, maybe your chart was inverted?
Anyways, set aside at least an extra hour a day for studying and this will greatly benefit you imo.
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@Freedom_By_40 How do you turn bullish in the most obvious distribution
Who is starting to get more bullish on $IREN now that we are approaching the $50 mark/have went up an extra 40% from $35 over the past week?
Is anyone less mad at ole Dan for being a bad speaker?
$CIFR and $KEEL soon to follow imo.
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For most people it seems their opinion on a company is purely based on current price alone.
You need to look if their is demand for the business (obviously yes) and you need to think about if the businesses have improved during the correction regardless of price.
Once $IREN gets back above $50 you will magically be bullish again.
Once $CIFR gets back above $25 you will magically be bullish again.
Once $KEEL gets back above $5 you will magically be bullish again.
Once $BTBT gets back above $4 no one will be bullish still.
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How we looking boys (and girls)?
Are we still bearish $ETH?
$ETH
Potential huge triangle in play here still.
I never moved my triangle lines from the original pic btw probably just luck we bounced off it though tbh lol.
Once $BTBT really gets moving I am going to have to find something else to be a little early on so the haters at least have some new material for 2027.
By the time my kids are 3 and know whats going on I hope to be retired from my day job and just be on here hanging out with you guys and providing as much value as I can to the community.
This way I can be extremely present in their lives and be there for all their milestones, life events, games, recitals, take vacations with the family any time I want, etc.
I can also hopefully have more kids because I will have much more free time to help my wife with everything that comes with raising them.
We don't have kids yet but probably in the next year or two!
Exciting times.
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Good morning,
Not only is there no 5 wave move down from the highs.
bitcoin:native wont even retrace to the .236 fib (76K) let alone the .382 (73K), it is much stronger than people think here imo.
You are looking for mid to high 80s, maybe even 90s.
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We got people worried about bitcoin:native being down a few percent over a holiday weekend.
Family all around.
Football is back.
Fall is in the air.
Couldn't be me.
Focus!
We will break 83k then everyone will be uber bullish not realizing the move that takes us above 83k is the 5th wave of this impulse.
Better known as the trap/I am late wave.
What comes next? Wave 2/massive flush.
Stay locked in, Flynn.
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Guys I see a few comments (usually from new ppl) saying I am posting unrealistic stuff.
All of my counts are as conservative as possible to the upside and also as deep as I see realistic on the downside and all based on math/fibonacci. Nothing is random.
This means I am intentionally trying to protect you.
Can I have the entire count wrong? Of course.
But all my posts will have the deepest realistic fibs for pullbacks and the most conservative upside fib extensions based on my count.
For example on btc, could I leave off the .618 (43.5k) as a possibly retrace area and get more likes? Yes the deepest realistic fib for a wave 4 retrace is the .618 so it’s there for mental health/awareness.
Could I also push the upside fibs a little higher and get more likes?
Maybe set the target box at the 1.0 to the 1.236 (~227-322k) is that possible ? Yes it is but the .786-1.0 (~166-227k) is much higher probability so that’s the range I use.
I hope this makes sense, sorry for the novel.
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Here is the worst case scenario imo for all the $WYFI skeptics.
All you have done is have a nice bullish move off the lows and then come back to the .618-.786 fib, you have also come back to retest all the pink chop.
Anyways, this is completely normal and expected in either a B wave or a wave 2, sometimes you'll get lucky and turn at the .5fib but that was not the case this time which is fine.
Conservatively, the move up from the April 26' lows is imo an A wave which means we would be looking for C.
I will post the more bullish 1-2 set up which I still think is more likely right after this.
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