Crypto thread

Eying Tesla, Wynn, and Hilton for good entries 

I went through Raoul Pal’s 120 page newsletter. I’m not selling any crypto into USDT. He convinced me to just hodl. 

I think the traditional markets start to dump again between now and the end of next week. 

4.4 million job loss claims. Brings 4 week total above 26 million. 

The last 3 weeks massive job loss claims have been released the stock market has pumped. 

Puts are wild at the opening bell. They’re all over the place. Day traders that know what they’re doing must clean up on this nonsense. 

Nice move from BTC and ADA 

Wynn $47.5 PUT 9/18 EXP 

4 contacts avg cost $5.15 

BIG PLAY FOR ME 

BTC is flying right now 

Getting buried by HD and JPM right now. 

Need them to dump ASAP! 

Las Vegas mayor wants to open. Nevada Governor + unions are saying not anytime soon. 

The Gov and the unions have all of the power. 

Las Vegas Sands up 10% 

These quick pops on BTC have been sold back every single time, lets see if there is any follow through at all or if it is just another bump and sell event.

Market keeps ignoring everything and going up, that tells me the leverage CTA programs are back in function...meaning the bias on this stupid market is always up so if participants are back in then the bias is up. You can tell that there are more players this week, the massive unexplained pops and drops that would happen in 2 minutes are gone...the charts are smoother and that means more depth is back. So the machines are back to the fake bid and try to penny each other for a days profit.

Weekday pumps are more likely to hold than weekend pumps is one thing I’ve noticed over the years. 

But yeah, would be nice to not give it all back for once. 

BTC halving in 18 days 

Stocks pumped when it appeared Gilead had the cure. Gilead just halted the trial. 

I suppose your best case scenario to tank the markets is a longer crisis, more death and no cure. Must suck to be you.

I’m just trying to make money 

People are going to die regardless of if I have a $1000 PUT open or not 

I think your viewpoint is based on emotions and borderline feminine 

Market is opening green again 

As I said...must suck to be you.

I would like to get out of my JPM short term PUT and get into a big medium term PUT on Hilton while it’s above $70. That bad Larry is going to $36 at some point. 

Cardano up big on the news that Shelley will be rolled out in May. 

That thing will go to $2 in the next bull run. 

I think crypto dumps along with the stock market in the near future. Stock market never recovers, and crypto goes to the moon. 

Funny how you want it to get to a price so you can get out of a trade and then the price is here and you think welllllll maybe we can squeeze a little more out. Happens every time. 

Bear flags close to breaking to the down side 

HD $195 PUT 

EXP 5/1 

AVG $0.87 

25 contracts 

How are you trading options that expire mid month? Expiry is usually the third friday of a month?

And both of you need to knock off the insults and jabs...it is getting to be too much.

Textbook ‘bear flags’ or ‘rising wedge in a downtrend’ everywhere. 

Volume keeps declining with each new price advance or move up. Indicating that the demand is weakening at the higher price level.