CRYPTO OG ARTHUR HAYES INCREASES BULLISH CONVICTION!
In his recent essay “Shikata Ga Nai”, Arthur explained that,
Japanese banks pursued higher yields through dollar-yen carry trades, but rising U.S. inflation led the Federal Reserve to hike interest rates, causing major losses for U.S. Treasury bond (UST) holders. Japanese banks like Norinchukin suffered significant losses and announced plans to sell $63 billion in foreign bonds, mainly USTs. The Bank of Japan (BOJ) is expected to buy these bonds using the Fed's FIMA repo facility, increasing dollar liquidity in global markets. This intervention benefits crypto investors, highlighting an opportunity amidst these financial troubles.
$BTC = "A couple liquidation then Up Only!" #bitcoin
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0XMahathir
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Fractal is playing out on $BTC so far, I am not expecting a symmetrical right shoulder, one way to trade this chop is to wait for a successful break above $72k.
$BTC dominance has yet to peak, the real #altseason can only commence when this peak. We'll see if ~60% level will cap btc.d. Until then, I'll remain selective on trading alts with good reward/risk setup.
Unlike the past, the current $BTC bull market doesn't have a weak DXY (US Dollar Index) backdrop. Perhaps the key takeaway: always judge a chart by its own merit—correlation doesn't mean causation.
Total3 (Altcoins except for $BTC & $ETH ) Looks to be forming a bearish ascending narrowing wedge, managed my risk accordingly & will wait for a better risk : reward setup. #altcoin #total3
$BNB broke out to a new ATH and is currently testing support. A good reward/risk place to bid with clear invalidation. I am favoring the Bulls to defend this level. #bnb #BNBAnalysis #altcoin
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0XMahathir
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Em Alta
$BNB going according to the plan shared yesterday. One more resistant at $670 to clear. 😍 @Binance #bnb
Fractal is playing out on $BTC so far, I am not expecting a symmetrical right shoulder, one way to trade this chop is to wait for a successful break above $72k.