Louis Sykes (@haumicharts) 's Twitter Profile
Louis Sykes

@haumicharts

Senior Crypto Analyst @allstarcharts | Exploring markets, psychology, and why people buy jpegs over stocks

ID: 994504544338886656

calendar_today10-05-2018 09:08:55

247 Tweet

4,4K Followers

57 Following

J.C. Parets (@allstarcharts) 's Twitter Profile Photo

They say you shouldn't kick someone when they're down. But the truth is, that's actually the best time to kick them. allstarcharts.com/all-star-chart… h/t Louis Sykes

They say you shouldn't kick someone when they're down. But the truth is, that's actually the best time to kick them. allstarcharts.com/all-star-chart… h/t <a href="/haumicharts/">Louis Sykes</a>
Louis Sykes (@haumicharts) 's Twitter Profile Photo

Being myopic in the market feels productive - locked into every tick, every chart. But it risks warping your perspective. Sometimes the best trade is stepping back. A few days away can sharpen your edge more than overanalyzing every move. Especially in a market like this.

Louis Sykes (@haumicharts) 's Twitter Profile Photo

Microstrategy $MSTR acquired 40% of their total Bitcoin holdings in the fourth quarter alone. 195,250 BTC worth of buys at a cost basis of $93,000.

Microstrategy $MSTR acquired 40% of their total Bitcoin holdings in the fourth quarter alone.

195,250 BTC worth of buys at a cost basis of $93,000.
Louis Sykes (@haumicharts) 's Twitter Profile Photo

"Bitcoin’s supply velocity, measuring the ratio of adjusted transfer volume to its current supply (rate of turnover), has declined over time, reinforcing the idea that BTC is increasingly held rather than transacted." Source: CoinMetrics.io

"Bitcoin’s supply velocity, measuring the ratio of adjusted transfer volume to its current supply (rate of turnover), has declined over time, reinforcing the idea that BTC is increasingly held rather than transacted."

Source: <a href="/coinmetrics/">CoinMetrics.io</a>
Willy Woo (@woonomic) 's Twitter Profile Photo

People think BTC is like a magical unicorn that climbs to infinity on moonbeams. Here's the actual CAGR chart. We are well past the 2017 year where we'd see many 100s of percent growth. Now look at 2020, that was the year BTC got institutionalised, corporations and sovereigns

People think BTC is like a magical unicorn that climbs to infinity on moonbeams. Here's the actual CAGR chart. We are well past the 2017 year where we'd see many 100s of percent growth.

Now look at 2020, that was the year BTC got institutionalised, corporations and sovereigns
J.C. Parets (@allstarcharts) 's Twitter Profile Photo

Big difference between spot prices & perpetual futures. "It's very rare to have Negative Funding rates this close to all-time highs in Bitcoin" stockmarkettv.com/morning-show/m… We got Louis Sykes here, "Retail positioning is tilted more bearish. That's tremendously bullish" Stock Market TV

Big difference between spot prices &amp; perpetual futures. "It's very rare to have Negative Funding rates this close to all-time highs in Bitcoin" stockmarkettv.com/morning-show/m… We got <a href="/haumicharts/">Louis Sykes</a> here, "Retail positioning is tilted more bearish. That's tremendously bullish" <a href="/StockMktTV/">Stock Market TV</a>