I'd say this is a big short here, or very soon, probably best to wait for SNL to short it when momentum slows down. Ideally, alt wealth rotates into 
BITCOIN, but we also could have seen the very top already, considering the froth we are seeing. That said, we could simply be staring at a massive bubble like 1999-2000 dot com years, between 2020/21 and 2022, and sentiment could remain elevated in everything but things continue to move higher. In a way, shorting frothy alts against spot BTC holdings could act as a decent hedge if you think about it.
Let's see, I'd risk 1-3 average ranges up, to make potentially 90% profit on the short.
Cheers,
Ivan Labrie.
BITCOIN, but we also could have seen the very top already, considering the froth we are seeing. That said, we could simply be staring at a massive bubble like 1999-2000 dot com years, between 2020/21 and 2022, and sentiment could remain elevated in everything but things continue to move higher. In a way, shorting frothy alts against spot BTC holdings could act as a decent hedge if you think about it.Let's see, I'd risk 1-3 average ranges up, to make potentially 90% profit on the short.
Cheers,
Ivan Labrie.
Note
Note
Copied the
GME moves since it was all people could talk about back then, when the bubble in it bursted.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.