Following your argument, significant drop in drypowder could be considered a form of issuance. Insiders/Founders selling shares to relatively uninformed and FOMO VCs.
x.com/KennyZufall/status/206âĻ
I think $50 will be the new floor to bounce off of. May get below it in a capitulation event but I don't think it would last long.
I deployed the last of my drypowder I ws saving for it.
Hoping the trend remains strong for tomorrow. Figured it was time to stop waiting to see if $50 would break Fully allocated now with 500 shares for the long haul. Will DCA now with drypowder that comes in. Truly believe anything <$70 pays off big in the longrun.
Nice, I have $15 leaps in my port. some 2028 some 2027. Plan to use them for reservations for future buys as I'm about tapped on drypowder unless i land a sudden windfall in some of the small scale option trades i do
#BTC 1 MONTH Chart
- SLOW Growing Bullish Divergence
- The only time it broke below the 50 MA
was in 6-22 through 10-23.
- Tested 50 MA this month
- Macro Fib .618 Literally at 50MA
- Probability of hitting at least 50k
- Macro Charts do not lie
$BTC#Bitcoin#HODL#DCA#BuyBottoms#DryPowder
I've added most of the shares I can currently - most in the previous sell offs below $16. 2.5k left in drypowder. I honestly think this bearish slide is completely detached from the fundamentals and growth rate of the business. I'll add the rest tomorrow from my trading fund if it continues to slide and just stop trading for a while and switch back to steadily DCAing 50 shares on paychecks.
Market is completely mispricing sofi and it pisses me off a bit but I'm happy to continue accumulating
weakness is add opportunities. <5% of the pipeline is delivering compute right now. if the $50 floor break I'm using every bit of drypowder i have to add
I've been experimenting with small change options trading to see if I can refine it into a consistent strategy that works when I see setups I like based on volume support/resistance zones and how the chart looks strength wise. Building more of a cash position specifically for things like this and to have drypowder to deploy if I see deals I can't pass up. Going to make doing taxes a bitch though.
Stablecoin market cap holds above $60B, exchange balances at historic highs. Massive capital sits on the sidelines, waiting for a clear entry signal. Markets look quiet, but buying power is fully stocked. One catalyst is all it takes to break the silence. #BitUse#DryPowder