Picasso would have been proud

As promised, the interest rate report has been published for EVERYONE!

With the most recent CPI print and break in 5200 in ES, the tensions for 2024 are critical to understand!

👀

Closed all shorts / hedges

That will do me for now

🤝

BINGO

$ETHBTC

2024 lows will be key imo - looks as its heading that way

Should btc slide lower and ethbtc drop

Then Eth likely trades 29s-31s

$ETH 👀

Wasnt too bad after all tbh...

For now anyway

$ETH

Still wanting to bid the green zone should price revisit the lows

IF Ethereum continues to decline
(currently leaning towards this scenario until proven otherwise)

THEN probable that alts arent going anywhere anytime soon, despite any temporary relief bounces.

$NGL ✅ Touch down

No position yet

I get shatted on for sharing 'shorts only' in the past.

But believe me when I tell you that it sharpens up yr game in identifying downside risk - you dont have to outright take the trade - but risk off.

With time you will recognise the downside risk and act upon it.

My low cap plays about to become micro caps at this rate 😂

Initial thoughts a week or so ago

Something to continue observing from a swing / positional perspective

Short term trades not so much

Respect your elders. Respect those that have gone before you. Experience is everything in this game.

Take profit next time.