Quick Market Update (Patreon)

Quick market update from my side - a post-mortem and sharing my go fwd plan.

1. RE BTC TOP: We overlooked the top of BTC in Nov 2021. We were all distracted by the hype around 100K and 250K and 40K ETH from RP even tho my targets were far lower.
2. RE MACRO: The global macro outlook is going from bad to worse, concern is a recession is going to hit and will have an impact on earnings that will drag the earnings down on PE ratios. I believe the Fed is 60-90 days away from a Pivot as we are already in a recession. Remember: it’s not a given that earnings crater in an inflationary environment.
3. RE CASH: I continue to harvest as much as I can from Real Estate and by aggressive scalping and swing trading. They are very high-frequency trades - sometimes on a 30-second chart so it is difficult to do real-time alerts as it is a matter of seconds. These trades are also risky. I am getting close to finding a way to share them.
4. RE MARKET: I reckon we will be sideways until the fed halts hiking and once they do the markets will rocket upwards - many are saying BTC will shoot up fastest once we go risk-on.
5. RISK ON STRATEGY: When we get to risk-on, it will be back to heavy-duty options trades. If we see TSLA down around or under $600 I will start buying some LEAPS. I also plan on doing a few options classes for this community showcasing some of my favorite strategies.
6. RE CRYPTO:  My strategy remains focusing on the top 3 BTC ETH and SOL.  I am also looking at pairs.  I will also consider some leveraged trades on crypto on FTX if we get low enough eg SOL at $22. Solana has exploded upwards 61% gains over the last 10 days. If we get a sub 20K BTC and when I see indicators signaling a bottom, I will buy and share the trade alert.
7. RE ATTACKS:  Due to the attacks on my character by Cory re Celsius and some bad actors - I have to be careful what I post and report. We have people in the community posing as quasi spies which have made it a little uncomfortable for everyone.
8. FINALLY: Final note re Celsius - Alex assured me all was fine. Even Coffeezilla showcased my plea to Alex. Alex lied to me in front of my face, yours and the entire community. I will not forget. The truth will come out over time - and fingers crossed Goldman will find a good buyer who will take care of us Celsians. As I said before, I never withdrew anything from Celsius. They had 11bn in assets, 1.7M customers, and raised 700M from investors…. Let’s hope they still have a large basket of assets on hand that can be repatriated in good time.

And with this - have a great weekend everyone.