The following is a BTC post published by Pig i on November 11 at 5:55.
“I didn’t want to publish this post so soon, but I think I need to explain the process:
I previously mentioned that the specific execution of a hype-driven rebound is important.
I also mentioned that the Jensen Huang event turned things bullish.
‘This is absolutely not about saying whether to go long or short right now.’
That’s because shorting opportunities only come when a high is being formed, and going-long opportunities only come when a low is being formed.
After the previous low was formed, we needed to wait for a specific hype-driven rebound, but there wasn’t one.
And the Jensen Huang event turned into a victim of the major-event short.
From the start date of the major-event short—November 6, which I mentioned in October—to today, the 11th, it looks like the major-event short is about to be executed, with news expected to start coming out on the 12th.
However, BTC looks like it will be the main target of this news first, not U.S. stocks.
The main event behind the major-event short seems to be directed at the Democrats. So a large-scale offensive is about to begin, and the crypto market looks likely to bear the brunt.
My personal view on how to respond is not investment advice, just my personal opinion. Since we’re currently not far from the last low, I would choose not to take any of the staggered long positions at the lows either.
I’ll wait for subsequent events to unfold before re-entering. And since this isn’t a high, I won’t short either; I’ll just wait for future investment opportunities to come along.”
You’re welcome to join my public chat room to read more.
“I didn’t want to publish this post so soon, but I think I need to explain the process:
I previously mentioned that the specific execution of a hype-driven rebound is important.
I also mentioned that the Jensen Huang event turned things bullish.
‘This is absolutely not about saying whether to go long or short right now.’
That’s because shorting opportunities only come when a high is being formed, and going-long opportunities only come when a low is being formed.
After the previous low was formed, we needed to wait for a specific hype-driven rebound, but there wasn’t one.
And the Jensen Huang event turned into a victim of the major-event short.
From the start date of the major-event short—November 6, which I mentioned in October—to today, the 11th, it looks like the major-event short is about to be executed, with news expected to start coming out on the 12th.
However, BTC looks like it will be the main target of this news first, not U.S. stocks.
The main event behind the major-event short seems to be directed at the Democrats. So a large-scale offensive is about to begin, and the crypto market looks likely to bear the brunt.
My personal view on how to respond is not investment advice, just my personal opinion. Since we’re currently not far from the last low, I would choose not to take any of the staggered long positions at the lows either.
I’ll wait for subsequent events to unfold before re-entering. And since this isn’t a high, I won’t short either; I’ll just wait for future investment opportunities to come along.”
You’re welcome to join my public chat room to read more.
