Louis Sykes
@haumicharts
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Senior Crypto Analyst @allstarcharts | Exploring markets, psychology, and why people buy jpegs over stocks
New Zealand
Joined May 2018
All life is fascinating and beautiful when the veil of our routinized thinking lifts, even for a moment.
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RT @allstarcharts: They say you shouldn't kick someone when they're down. But the truth is, that's actually the best time to kick them. htt…
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@the_chart_life We have a table that shows the relative strength of various universes in an intuitive visualization, and I was surprised to see IBM so green on the list.
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Hilarious how often this happens in crypto, even as the market matures. People get way too overoptimistic, make leveraged bets, and then the market wipes them out—9 times out of 10, it turns into a great buying opportunity. Rinse and repeat. People are crazy.
Here's the thing about behavioral economics. People are crazy.
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The stubborn bullish positioning in crypto over the last month has been obliterated today (ex-BTC). Risk is significantly lower. I think crypto starts to bottom here—only caveat is that price tends to headfake for a month or two after these events.
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Good chart
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@allstarcharts I think the anecdotal sell signal this generated was in Bitcoin dominance more than anything else
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Just wrapped up an incredible few days at the @allstarcharts Portfolio Accelerator event in NYC! It’s always a joy to meet new faces, share ideas, and learn from such brilliant minds. Huge thanks to everyone who made it so special, your energy and warmth made it unforgettable.
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@mjthwaites @allstarcharts @CMTAssociation Excellent news, looking forward to celebrating in New York next week
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What are the odds this charts puts in a top?
This chart shows the impact of 'Dry January' on alcohol sales stretching back more than 30 years.
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Honestly it’d be hilarious if Solana’s relative trend topped when the President of the United States launched a Solana meme coin. I could see it happening. Just like how commodities began outperforming stocks when Crude went negative.
For Ethereum to stop being a disaster, it needs to get back above these lows. $ETH $SOL
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For Ethereum to stop being a disaster, it needs to get back above these lows. $ETH $SOL
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