GM, hope everyone had a great weekend.

Sunday Update 5/17

Weakness in crypto vs equities this past week worries me + Saylor not buying.

I’m not a big fan of shorting tbh, so not taking any shorts here but just like summer 2022, good bottoms take a long time to form so I rather just remain patient here, especially going into summer PA, “sell in May and walk away” and all that. Even if BTC fell double digit %s, playing the bull side is always way more $$$ made than short side since it’s finite.

One thing I like looking at on HTF’s is the 50 RSI breaks to upside & downside are very telling for future price. We rejected it this time around but second time break I will definitely size up spot / longs if & when we do break it.

TLDR: Short term looks a bit bleak imo, but long term I’m always a bull