BTC - Make Cryptos Great Again!!! - 20/20 Hindsight Vision
Often traders try to rationalize market moves, over think variables, and do NOT listen to money flow. Two weeks ago I posted a trade for Bitcoin, sure it was at a high, but the money was flowing into Bitcoin for whatever reason. We did NOT try to rationalize this, we did NOT know why it was wanting to break out, however, we put our feelings and thoughts aside and took the trade.
Another thing we noticed, as I posted on Twitter, that bond yields were rallying?
Fed cut 50bps on Sept 18th but this was already priced in obviously because it was right at the low of yields. However suddenly it slowly started to rally and then gained steam? Why was this? What did the market know?
Look at the IWM which is mostly US small cap companies.
Surely there were some moves that correlated with political events, but looking back it appears the money was positioning for a Trump Presidency. Like him or hate him, money was on Trump.
Now that is hindsight and of course hindsight is 20/20 so why the lecture? My point is often we try to rationalize current moves, and if you are thinking, ohhh I'm going to go Long T-Bills because the FED is lowering rates, you are probably already late to the game. Big money is way ahead of all of us!!!
So though many were like "you are buying a high, why take a trade at a double top?" and scared to take a trade here, we looked at the money flow. We had no idea the money was positioning for a Trump win, but after the fact it is obvious.
With that said, follow the money not your instincts, not the news and definitely not your feelings. You will be wrong more often than not.
Anyways BULLLLLLLLL on crytpos and looking for pullbacks or setups to go long or add to my current positions!!!!!
Another thing we noticed, as I posted on Twitter, that bond yields were rallying?
Fed cut 50bps on Sept 18th but this was already priced in obviously because it was right at the low of yields. However suddenly it slowly started to rally and then gained steam? Why was this? What did the market know?
Look at the IWM which is mostly US small cap companies.
Surely there were some moves that correlated with political events, but looking back it appears the money was positioning for a Trump Presidency. Like him or hate him, money was on Trump.
Now that is hindsight and of course hindsight is 20/20 so why the lecture? My point is often we try to rationalize current moves, and if you are thinking, ohhh I'm going to go Long T-Bills because the FED is lowering rates, you are probably already late to the game. Big money is way ahead of all of us!!!
So though many were like "you are buying a high, why take a trade at a double top?" and scared to take a trade here, we looked at the money flow. We had no idea the money was positioning for a Trump win, but after the fact it is obvious.
With that said, follow the money not your instincts, not the news and definitely not your feelings. You will be wrong more often than not.
Anyways BULLLLLLLLL on crytpos and looking for pullbacks or setups to go long or add to my current positions!!!!!
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