CHINA FINANCE MINISTRY: TO IMPOSE ADDITIONAL TARIFFS OF 84% ON U.S. GOODS FROM APRIL 10

1 day later

90-day pause is here

TRUMP ANNOUNCES 90-DAY PAUSE WITH LOWER RECIPROCAL RATE

/full_send everything

this cabinet is a fucking clown show lol

closed a bunch of my BTC longs as i was DCAing down as per this msg from yesterday

I dont trust Trump or his cabinet anything.

just because I am taking profit after 7-8% intraday move in the markets

DOES NOT MEAN

I am bearish, my thesis was to add to longs and hope for a Pivot from either side (which honestly in hindsight sounds hilarious)

I got the pivot, I consider setup/trade idea/thesis to have played out

Now I have no clue what the hell is going to happen next. There is still straight out Trade War with China and I dont trust Trump

Goodbye

I am out of the trade fully, the left circled area is screenshot im replying to

very happy w/ this trade, will look to Long BTC again 🙏🏼

This was some of the most stressed days for me in recent months and currently happy to “cope” if it goes higher for the sake of getting my head right for the next week

BTC down more than 4% since exit

Setting some limit orders in case we get another liquidation cascade.. (77k ish first orders)

BTC -3.2%
SP500 -4.2%
Nasdaq -4.7%

just lol

*S&P 500 EXTENDS SELLOFF TO 6.1%, MOST SINCE MARCH 2020

Bitcoin is not pumping, well, it is, against USD

because USD is dumping on average 1-2% past few days

will be looking at BTC/EUR

… what stage of bear market is this? 😭

You all have probably seen this already on Twitter but posting regardless

*US PUBLISHES TARIFF EXCLUSIONS FOR SPECIFIED PRODUCTS
*US TARIFF EXCLUSIONS APPLY TO COMPUTERS, SMARTPHONES
*US TARIFF EXCLUSIONS ALSO APPLY TO CHIP-MAKING EQUIPMENT
*TARIFF EXCLUSIONS APPLY TO SO-CALLED `RECIPROCAL' TARIFFS

USA went from...
Tariffs on everyone and everything to 90 days pause to "well nevermind"

all in span of 7 days

its quite easy explanation why market is rallying right now, this is in eyes of (many) the actual pivot or "Trump Folding"

Dont take it personal or political, if you are bull this is GREAT news that he changed his mind

fwiw I think crypto can do its own thing all weekend (meaning - go up, as its been doing all weekend so far)

CME open - expecting 2 forces to go against each other
1. Apple/Tech might rally due to the headlines about exemptions on electronics for companies like Apple (APPL up -> Nasdaq up -> BTC up)
Apple accounts for about 8.47% of the total weight of Nasdaq.

2. Friday close rallied on headline from FT (Financial Times) interview with FED lady, that said that FED is ready to step in IF necessary (Treasuries are still an issue)

as per 2) I think its very "misleading" or dishonest to interpret it as either
- emergency rate cut
- QE

emphasis on "if needed"

CME open in 2 hours, weekly close in 4 hours... so hard to navigate anything

-on Saturday they give us "Tariff Exclusion" headlines
-today (sunday) - Lutnick was bearposting all day

and now Trump headline...

a very weird orderflow on BTC since Weekly close (vertical line on the chart)

Open Interest is up +11% in 8 hours while TradFi is struggling since CME open

Lets see if BTC can hold on to a strong decoupling from TradFi (i dont think it can)

starting tomorrow Tech earnings season starts, otherwise rather boring macro calendar ahead of us

Tuesday 22nd - TSLA
Thursday 24th - GOOGL

good website to bookmark