longing HYPE here

[Vantablack]

swing long hype @ $58.7, risky trade DYOR

 

[Noriju]

swing long hype @ $58.7, risky trade DYOR

Doesn’t seem that oversold at a glance.
I think performance would be better on regular ole’ BTC.
Do you have a system or are you just LARP?

 

[Vantablack]

Doesn’t seem that oversold at a glance.
I think performance would be better on regular ole’ BTC.
Do you have a system or are you just LARP?

i don’t do TA

 

[Noriju]

i don’t do TA

My systems are still 100% cash.
I’m currently on a trend following style investing.
But it’s clear that BTC is oversold according to my valuation model.
What criteria are you making this call based on? - is what i’m asking.

 

[Vantablack]

My systems are still 100% cash.
I’m currently on a trend following style investing.
But it’s clear that BTC is oversold according to my valuation model.
What criteria are you making this call based on? - is what i’m asking.

i think BTC will crab for months before we see any real move, maybe even a flush out lower so i’m not touching it for a while.

my thesis on hype because is the SPCX IPO later today. Hyperliquid is seeing almost as much trading volume as binance and i think post IPO volume will only increase, meaning more buybacks = higher price. i don’t think the market is pricing this in correctly yet.

even if my thesis is wrong i believe in the project long term and don’t mind holding. i use very low leverage and even if it dumps a bunch tomorrow it won’t impact my position. i do think we retest ATH atleast though. let’s see

 

[Noriju]

i think BTC will crab for months before we see any real move, maybe even a flush out lower so i’m not touching it for a while.

my thesis on hype because is the SPCX IPO later today. Hyperliquid is seeing almost as much trading volume as binance and i think post IPO volume will only increase, meaning more buybacks = higher price. i don’t think the market is pricing this in correctly yet.

even if my thesis is wrong i believe in the project long term and don’t mind holding. i use very low leverage and even if it dumps a bunch tomorrow it won’t impact my position. i do think we retest ATH atleast though. let’s see

Interesting

 

[Noriju]

Interesting

i think BTC will crab for months before we see any real move, maybe even a flush out lower so i’m not touching it for a while.

my thesis on hype because is the SPCX IPO later today. Hyperliquid is seeing almost as much trading volume as binance and i think post IPO volume will only increase, meaning more buybacks = higher price. i don’t think the market is pricing this in correctly yet.

even if my thesis is wrong i believe in the project long term and don’t mind holding. i use very low leverage and even if it dumps a bunch tomorrow it won’t impact my position. i do think we retest ATH atleast though. let’s see

I should probably make a bespoke model on this to catch it if it comes