Only been selling for 3 weeks.

Been doing weeklies, rolling Thursday afternoon to next week.

Although I sold a call at 27 last week when it was around 2690 because I figured there would be a dip down at some point this week. I bought it back today at about 45% what I sold it.

Huge green candles for alot of major stocks


he Federal Reserve announced that it’s keeping interest rates steady following its March 16-17 meeting, leaving the federal funds rate at a range of 0 to 0.25 percent. This follows the Fed’s decision to hold rates near zero until the economy has weathered the effects of the coronavirus.

The decision to leave rates alone was widely expected, and it comes as the U.S. economy shows signs of bouncing back thanks to vaccinations and nearly $3 trillion in fiscal stimulus so far this year. Federal Reserve Chairman Jerome Powell has said that highly accommodative monetary policy will continue at extraordinary levels for the foreseeable future.

Printer to continue to go brrr for ever confirmed

This post was edited by ofthevoid on Mar 17 2021 12:44pm

Regretting not selling off a bundle of BTC last night when it hit 57k, only to rebuy at 55k this morning for the stimmy surge. but im still locked in at like a 53.5k buy price so im expecting some juicy gains.

just not sure if i should dump once it gets into ATH territory for a correction or if it will plow through into green pastures.

I’ve been selling since last week. Stimulus money printing is about to stop so not sure how much longer the momentum assets like BTC will continue to spike higher.

I’ll still keep some, but I really don’t think we will see a move in btc like the one from 7k to 50k. It could go up but gains are limited at this price now. Like what’s an optimistic 2021 target? 100k?

This post was edited by ofthevoid on Mar 17 2021 01:26pm

optimistic is for sure like 100k, that's what all the youtube "experts" are citing.

i think more realistically we're going to see an 80k price in the next 2 months then bear market sooner than they're forecasting. this bull market is just overextended. stimmy checks, hype, and Elon/TSLA have kept it afloat.

from this point its largely algorithm driven from big institutions, they'll keep up this long term creep for a few more months IMO then start divesting into cash while guppies chew off their stacks.

then we see a dip to 30k in short order, they rebuy, and the retailers slow push it back up over 1.5 years or so. my theory is the farther we extend into bull season the more we're chewing away at bear season too. it might be a short bear season before the whales start pumping their low buy ins again.

in any case: tl;dr, im moving at least 50% into cash at 65k BTC price for the next low, and if we get to 80k im out. period. until bear season is into full effect. maybe ill start rebuying at 40k on the way down.

Yields jump once again to 1.74% on the 10 yr with overnight bond sell-off in Asia trading hours.

I think we still have a little ways to go before we get some sort of yield curve control. Thinking 2% is that magic number.

https://www.bloomberg.com/news/articles/2021-03-17/asia-stocks-set-to-gain-on-dovish-fed-dollar-dips-markets-wrap

Weird that just a year ago I didn't think 20k was likely for quite a while. Now Tesla is buying and 30k would be a horrific crash lol

I timed out my short term buy ok. bought in at like 55k, sold off at 59k. missed the rebuy today at 57k after i got scared, which i would have sold off again at 59k. o well. still in cash until it hits at least 56kish.

Just wait until BTC goes bear again and all of the new hold buyers, aka paper handers, start dumping.