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Financial Digest: 8th December - 9th December 2023 📈

Thanks Josh

Solana (SOL)

  • Performance: Surged 333% in 88 days, peaking at $77.7.
  • Short Positions: YouTube creators like Gareth remain bearish; Ben prefers ADA, referencing past Twitter interactions.
  • Portfolio Allocations: SOL's performance may lead to a 70% Crypto portfolio share at this rate - considering the exponential nature vs ETH and BTC he will probably be heavily overweight SOL in a few months.
  • Levels: IA Indicator Layer in Layer Out Model LILO  identifies $76.6 as strong resistance.
  • Airdrops: Insightful Twitter thread on multi-protocol strategies. IA considering how many swaps he has done on JUP.AG should get some airdrops.  He has never chased an airdrop in his life - this is accidental. 

Tesla (TSLA)

  • Stock Performance: IA draws parallels with SOL, urging patience and referencing SOL's past year growth. He says he lays traps - and knowing they will pop over time, it is just a matter of time.  He focuses on layering into the most undervalued disruptive assets. 

Bitcoin (BTC)

  • Price Forecast: BTC price forecasts range from $83k to an ambitious $1M from many analysts.  IA feels 89-128K is very achievable this bull run.
  • Exit Strategy: IA focuses on not missing the bull run peak, investing heavily during the bear market in tools and processes. 

Altcoins

  • Forecasts: IA feels INJ will outperform RNDR this bull run even after a 21x

Trading and Options

  • Synthetic Longs: Suggests long call spreads for lower risk tolerance. Choose Synthetic Longs if you want unlimited upside and have high risk tolerance and massive amount of margin.  Only DO SL's at bottoms or they are VERY risky. 
  • Pair Trading: Recommends Discourse for PTOS insights; highlights member gains using this tool.
  • Positions: IA now has Focus on SOL, MSTR, TSLA and select SOL Ecosystem names; success with synthetic long on MSTR has been mind blowing. 


Comments

Anonymous

"Exit Strategy: IA focuses on not missing the bull run peak, investing heavily during the bear market in tools and processes. " Will there be a 'bull-run then crash' cycle anymore, after the ETFs are approved? Having a fixed supply, with so little of that supply available to be bought, and with what supply there is being cut in half in April, and with so many buyers entering the market via the ETFs, how would Bitcoin crash at the end of the coming cycle, if institutional investors are buying the dips? Every other asset / asset class is like buying quicksand, the supply can always be increased leading to dilution. With the exception of rare art, Bitcoin appears to be the only asset class whose supply cannot be increased, no matter how high demand goes. Considering there is a finite supply, and that finite supply is small compared to the number of institutional investors and $$$ that will be fighting over it, why would Bitcoin ever fall by 50% to 85% again? Every 10% to 15% dip would be like a game of chicken, with Blackrock, Fidelity, VanEck, etc. all watching each other to see who can resist buying the (the dip) the longest. The problem is, the one who resists the longest loses, and whoever moves first wins. Once all the 'chips' are gone from the table (i.e., once available Bitcoin is effectively gone from the exchanges), it's game over, and whoever has the most chips wins. How does Bitcoin drop anywhere near 50% again, in an environment where institutional investors (who are able to ignore emotions) are deploying algorithms, AI and game theory?

Anonymous

Gareth and Ben (and many more) seem to be stuck on the chart's history for forecasting the future, so they are bearish. So many positive developments that make that retro-sighed view incomplete, IMHO.