The way the crypto market will move in the coming days is entirely reliant on Trump

If he keeps pushing for tariffs against China, we're in for a bad ride

But the most likely scenario imo is that this calms down, and stocks get back to the 'business as usual' grind up

In which case, nothing materially changed that would suddenly make $110k a bad entry on $BTC...

It seems likely to me that we get back to $120k+ in a not so distant future.

The crypto market just had a cataclysmic nuke and BTC is trading at the same price as *checks notes* 2 weeks ago.

If Trump deescalates the China situation, boomers will happily scoop the BTC dip, just like they always do.

BREAKING: $COAI REACHES TOP 8 LARGEST COINS BY FDV AT $42BN

Crypto bros should realize that Trump doesn't give a single f about altcoins wicking down -75% and liquidating people

He doesn't know it, doesn't care, and rightfully so

Stocks are almost unfazed, BTC is back to prices from 12 weeks ago

A bunch of crypto degens got destroyed, but you have to realize that in the "real world", nothing really happened

$BTC could very well go back to $120k this week

Crazy how 4 of the last 5 all time highs on $BTC were screaming sell signals

It used to be the exact opposite

Now, whenever BTC makes a new ATH, based only on that statistical evidence, you could think 'sell in the next hour, you fool'

Recap of the past 2 weeks:

https://cryptonarratives.substack.com/p/narratives-of-the-week-october-13-1e9

Hilarious chart

$H

Another coin with a very inorganic PA, not touching it

If you want to avoid being on the wrong side of these scams, one simple rule is to avoid shorting new coins that are not listed on HyperLiquid.

It sounds stupid but if you write down the list of the most egregious scams, they were not on HL (M, MYX, AIA, COAI). Same for SOON or H here.

Binance and Bybit are listing soooo many coins on perps, and the most crime-prone teams try to get their coin listed on perps there while having a main spot venue on a much shittier exchange (Bitget).

The downside of being short one of these coins is so high that outright avoiding them is probably the best idea.

One coin stands out

It's getting shilled in the Silicon Valley again

And it has a clear catalyst

I will never cease to be amazed by the crypto market's ability to create this kind of chart

vibes while the stock market is retracing the entire dump

A first step for bulls would be to stop letting bears get away with that

Many coins that were hot in early 2024 have been absolute permanent under-performers since then:

$FET $ARKM $ORDI $RON $RNDR $INJ $TIA $AR $BEAM

Which coins are now the new perma-shorts?

https://x.com/thedefivillain/status/1979281813030998194

We've really been trading a chart for demented people for the past 6 months

It's the first time in BTC history that every new ATH gets cucked so hard

In a market where most people want to trade breakouts and momentum

The new structure of $MSTR since they switched from convertible bonds to preferred shares is extremely elegant

Pristine collateral with a pristine corporate structure

They don't get credit for it yet but it will come

Q4 23 was pretty crazy in terms of PA

$AVAX went from $9 to $50 in two months after spending 2 years in the euthanasia rollercoaster

Look at how brutal the reversal is, from the dire endless bleed to suddenly nothing but green candles