RE: LOOP 🌪♾️
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In my opinion we aren't even close to a bull market. I feel this is a bull trap and we will have a lot of pain come October and November.
$6 average Diesel price across the nation which is the highest ever.
Run away inflation and in general people aren't paying attention to crypto and they don't have enough money to do anything. Everyone's business is hurting.
FOMO people are all over the map betting both ways in the Perps Market.
We have quite a bit of implosion to get to the bottom in my mind. Sub 40K likely which could crush Microstrategy and Tommy Lees ETH stacking.
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A "bull trap" seems like a better fit to whats going on than a bull market.
I would bet 70/30 on the two
Is there such a thing as a "bull trap + bull" market?
And if i add in market manipulators, the bull trap seems even more likely.
I would stay away from leverage like my HODL bag depended on it.
I just think people are out of money and now Costco is rationing Oil. I sort of thought this was going to happen 3 months ago but now there is an oil shortage and diesel prices are averaging above $6 / gallon for this first time so everything is going to get way more expensive.
Plus Michael Saylors owns like 4% of the Bitcoin supply at this point and people are trying to keep food on the table.
To me it isn't enticing to buy Bitcoin at these price levels.
I would rather just stack DOGE at these price levels vs Bitcoin to be honest. I would rather stack Monero than Bitcoin as well. It is supposed to be live on ThorChain swaps soon.
I would rather trade SPX6900. It honestly looks pretty cool.
https://www.spx6900.com/