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This FTX guy. Lol.

What’s happening here ?

🔮Monday ETH to cross 1k 🔮
Time to buy.
I just bought some... 😂

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Pro
Bull trap. Going back down when fed increases rates again. Take profit if you can.
Pro
Yeah, priced in lmao 🤡
Bull market back
Here’s where I’m at
Yes, but throw everything that I just said about the timing out the window if consumer inflation doesn’t peak. Fed won’t go to step 2 (inflating debt relative to GDP) without confirming step 1 is being addressed by the action that has already been taken (reducing consumer inflation).
Expect a lot of volatility though. I think there’ll be a euphoric market spike fueled by traders that might look like a new bull run, but then the traders will take profits and we’ll have range-bound trading while volatility is high.
Profits? Most people are in loss unless you are a trader and sold on top and bought back
Pro
Considering corporate profits are rolling in at an all time high and unemployment is less than 4%…wheres the trap?
Edit: oh this is the crypto bowl. Def a bull trap
You’ll have to talk to your fellow Deloitte colleagues and ask why your employer is making strategic long-term investments in the crypto space