Just in time yesterday 👍🏻
Join our signals here:
https://bonus.bitget.com/HRTX75
Write @alchemysupportone to get access to our group; once you deposited to trade o bitget.
Join our signals here:
https://bonus.bitget.com/HRTX75
Write @alchemysupportone to get access to our group; once you deposited to trade o bitget.
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Take a look at this diagram.
You see how the 2021 stimulus created massive consumer spending incentives. Up to a 34.5% increase.
A lot of the stimulus checks did flow into stocks and crypto.
Now we are in another paradigm. Since October 2022, numbers have decreased, and spending is decreasing.
Once this is reflected in official data, we get an “official” recession. We are already in a recession; it’s just not called out yet.
You see how the 2021 stimulus created massive consumer spending incentives. Up to a 34.5% increase.
A lot of the stimulus checks did flow into stocks and crypto.
Now we are in another paradigm. Since October 2022, numbers have decreased, and spending is decreasing.
Once this is reflected in official data, we get an “official” recession. We are already in a recession; it’s just not called out yet.
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U.S. CPI just came in:
Forecast:
CPI y/y: 3.6%
CPI m/m: 0.3%
Core CPI y/y: 4.1%
Core CPI m/m: 0.3%
Actual:
CPI y/y: 3.7%
CPI m/m: 0.4%
Core y/y: 4.1%
Core m/m: 0.3%
Forecast:
CPI y/y: 3.6%
CPI m/m: 0.3%
Core CPI y/y: 4.1%
Core CPI m/m: 0.3%
Actual:
CPI m/m: 0.4%
Core y/y: 4.1%
Core m/m: 0.3%
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With Core CPI being at expectations we should see a bullish continuation in traditional stocks for now.
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Forwarded from ElevateEquity Trading®
SEC has decided to accept and to move forward grayscale spot bitcoin etf.
Doesn’t mean it’s accepted
Still Bullish news
Doesn’t mean it’s accepted
Still Bullish news
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Be careful apparently this could be fake news even though there are sources
REMINDER: CELESTIA AIRDROP UPDATE
If you followed our airdrop guide you are certainly eligible!
Depending oh how much you played around with L2 networks and testnets you get more or less coins.
The claiming window for the Celestia airdrop has been extended until 8 AM UTC on October 18th.
You now have an additional 13 hours to claim the airdrop if you haven't already done so.
Currently, only 175,000 claims (30% of the total 584,232) have been secured.
Check this page and follow the steps there:
https://genesis.celestia.org
You can check your address without an wallet, to claim you need your Metamask or Kepler wallet installed.
If you followed our airdrop guide you are certainly eligible!
Depending oh how much you played around with L2 networks and testnets you get more or less coins.
The claiming window for the Celestia airdrop has been extended until 8 AM UTC on October 18th.
You now have an additional 13 hours to claim the airdrop if you haven't already done so.
Currently, only 175,000 claims (30% of the total 584,232) have been secured.
Check this page and follow the steps there:
https://genesis.celestia.org
You can check your address without an wallet, to claim you need your Metamask or Kepler wallet installed.
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It's official, the ECB has concluded it's two year "investigation phase" of the digital euro (CBDC) and decided to move to the next phase of the project.
This next phase will last again two years and was renamed from a "realisation phase" to a "preparation phase".
Ultimately, the EU's legislative bodies - the EU Parliament & the Council of the EU (EU member states) - will decide whether a digital euro will be launched or not.
A legislative process is currently ongoing and discussions on the EU Commission proposal have already started, but it will probably take some time (until after the EU elections in June 2024) until the EU institutions will vote on the topic.
What CBDC means is hopefully known to you…
Nothing good that’s for sure.
This next phase will last again two years and was renamed from a "realisation phase" to a "preparation phase".
Ultimately, the EU's legislative bodies - the EU Parliament & the Council of the EU (EU member states) - will decide whether a digital euro will be launched or not.
A legislative process is currently ongoing and discussions on the EU Commission proposal have already started, but it will probably take some time (until after the EU elections in June 2024) until the EU institutions will vote on the topic.
What CBDC means is hopefully known to you…
Nothing good that’s for sure.
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Over the years we have learned being flat is comfy AF. Measured dry powder available for when stuff gets frothy (plenty of time during the froth to enter) or when shit absolutely nukes for no reason and is heavily oversold just to buy spot.
Capitalising well on those few opportunities > being exposed all the time.
The mental toll it takes to constantly monitor positions and fight yourself doesn't weigh against laughing after a nuke buy and it doing 100% over several weeks. When you are thinking "omg how much worse can it get" buy. (NFA)
Sitting on your hands is the biggest skill you can develop as a trader. If you REALLY believe in something, accumulate it passively but have an exit strategy and NEVER EVER buy more than you can afford to lose.
And we mean, not even a day of sadness, a shrug, cup of coffee and move on.
Capitalising well on those few opportunities > being exposed all the time.
The mental toll it takes to constantly monitor positions and fight yourself doesn't weigh against laughing after a nuke buy and it doing 100% over several weeks. When you are thinking "omg how much worse can it get" buy. (NFA)
Sitting on your hands is the biggest skill you can develop as a trader. If you REALLY believe in something, accumulate it passively but have an exit strategy and NEVER EVER buy more than you can afford to lose.
And we mean, not even a day of sadness, a shrug, cup of coffee and move on.
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