✈️ Friday Flight Log – 1 November 2024

ICYMI: THE TRADE TRAVEL CHILL WEEKLY RECAP

It was Halloween, and the markets were as spooked as a haunted house on Elm Street. With BTC jump-scaring the all-time high, plenty of pre-election jitters, and conspiracy theories swirling, this week’s PA had all the vibes of a Market Maker lurking in the shadows, watching… waiting for his next victim… 

But fear not, friends — I promise this week’s recap is no trick, all treat! 🎃

TRADE

👩‍✈️ FROM THE FLIGHT DECK

Annii dropped three videos in three days this week, a pretty clear signal we are at a pivotal moment in the cycle: 

1. 1. She switched things up in a podcast-style chat, covering the upcoming election, her fascination with conspiracy theories, and how she’s bringing it all together to work out what the MMs have in store for us next.
   2. She explained why $70K BTC was her next target (which played out shortly after, BTW) and warned that while the trend was still bullish, we need to watch for potential traps as liquidity builds.
   3. And on Wednesday, as $BTC tested its all-time high, she shared why she didn’t fully trust the move up, pointing out it was perp-driven while spot selling continued. (oh yeah, and we also got some bonus ASMR 😅).

I’m a huge conspiracy theorist, I love astrology, I love psychics… that’s my hidden secret, okay? I’m crazy guys, but I need you to forgive me for it because I’m a good trader, and I’ll help you make money. 

 — Annii

Yesterday Annii followed-up on her conspiratorial TA, predicting that BTC’s consolidation might end bearishly with incoming news events, astro cycles, and pre-election de-risking in play. Thursday’s US session ended up aligning super closely with her predictions. Check it all out here. 

And on her socials this week, she: 

• Covered the perps-driven push toward the ATH, here.  
• Warned of the possibility of a macro-level drop still lurking for ETH, here.
• And noted that the OTHERS.D dominance chart wasn’t painting a very pretty picture for alts, here. And wouldn’t you know it…

Inflight news ⚡

Making headlines at TTC this week:

• Janet’s YouTube Debut 🤩 As Annii teased last week, our very own Casper 🐝, just dropped her first TTC YouTube video! Head over, give it a thumbs up, and show her some love in the comments.

• Scalp Study Sesh 🎉 Over 50 members joined Katie H for the first-ever community-led scalp study session. Thanks also to Progressive Martian (Kevin) for sharing so much of his experience, too. The next session is tomorrow and won’t be recorded, so be there!
  When: Saturday, 2 November
  Time: 7:30AM UK, 10:30AM UAE, 5:30PM SYD, and for US night owls, 2:30AM NY
  Where: Discord

• Bitunix Dubai Trip Contest 🌴 Four members have already qualified for the Dubai trip, but there’s still time for a fifth legendary trader to join them! Comp closes in two days.

So not a travel pic, but thought it was worthy. My back garden middle of spring… bonkers weather. Ooh and that’s the wee house I just built for my son. Normally I have epic mountain views, but not today ⛄️

— sassykiwi 🥝🇬🇧

Weather Report 🌦️

Macro Econ 📊

Markets are getting increasingly nervous ahead of the US election, and if there was ever a week to be schooled up in the macro of it all, it’s this one. So let’s go over Jarrid’s top insights this week:

• Jarrid’s weekly asset comparison showed that last week tech was where the money was hiding, with Nasdaq outshining the S&P. 
• Meanwhile, BTC lagged behind as investors seem wary ahead of the election. Gold’s still riding high, hitting a new ATH thanks to the uncertainty and geopolitical tension.
• Institutional traders just sold the largest amount of stocks in more than 9 years. That’s some serious pre-election de-risking. 
• Bitcoin ETFs saw big inflows (+$479M), but investors seem totally uninterested in altcoins. Jarrid shared insights via Checkmatey that the HODLers are cashing out, so that altcoin selling pressure’s coming from within.
  

• Jarrid discussed how BTC dominance could rise to 65% by year’s end before alts finally get a  chance for the spotlight​.
• And we are on Fed watch with rate cuts looming at next week’s FOMC, but Jarrid isn’t counting on quantitative easing till late 2025. Crypto, especially alts, are driven by global net liquidity, so watch for liquidity flows as we move into 2025 when alt season might actually hit. In other words, have patience, degens. 🧘

To dive deep into all of this and more, start with the recording of Jarrid’s latest hangout and then jump into the macro-econ channel. And keep an eye out Sunday for his post about the impact of the week’s upcoming news events (spoiler alert: election + FOMC = volatility). 

Financial Astrology 🔮

Jarrid shared an astro forecast for November by Vedic astrologer Joni Patry which indicates a period of intensified energy, marked by transformative events, conflicts, and heightened tensions around protection, security, and family. The TLDR is that this month could bring impactful changes and hidden truths to light, especially as we approach significant dates around the U.S. election and other geopolitical developments. Find the date-by-date breakdown here. 

Took this image from my rooftop last year, it’s IC434, about 1500 light years from earth.

— Ddad’on’Tequila, First Class Member

🥂 FROM THE CAPITAL CLUB

This week in the Capital Club:

• Annii shared a strategy tailored for members with limited capital, using low-leverage long setups on select alts. Read up on it here.
• She uploaded a new lesson explaining how to assess whether to derisk or HODL individual coins, covering every single alt coin in the TTC portfolio as examples.  
• She flagged a bunch of altcoins that could dip lower soon, and recommended derisking if you’re strapped for capital and waiting for better entries. Jump in to her updates channel for the specifics.
• And she sees potential for an altcoin swing season soon-ish, with BTC dominance nearing 60%. She’s tracking alts like $TON, $ZRO, and $AR and looking for bottoming-out setups. 🍑 
• SilverWolf dropped his latest altcoin review, which is all about JITO ($JTO). Interesting fact about $JITO: it is the only Solana liquid staking project that uses controversial MEV strategies to boost returns, but then shares those profits with holders. No idea what a MEV strategy is and why it’s got a bad reputation? Neither did I, until I read Wolf’s report!
• He also highlighted upcoming token unlocks and their expected impact on price, and he charted a huge list of alts, looking for good buy zones.
• SilverWolf also shared Part Two of his Why, When, and How to Take Profit series, picking up right where he left off in Part One …

…and as you can see, he’s continuing to lean in to The Witcher vibes in his graphics, which I am 100% here for.

✈️ FROM THE MAIN CABIN

Cabin Crew Hangouts ✍️

In Cajun’s hangout this week, he talked calculating position sizes, with practical tips for keeping losses in check. He emphasised his disciplined approach to counting levels, and gave us a refresher on how to read trading-lite charts to see buyer and seller strength in real time. He cautioned against shorting in this market and that “anybody that is currently looking for a short is insane… unless you get a reversal signal and a break of a key level and then a bearish retest to give you confirmation that the bullish trend is temporarily paused”. He rounded out the session with insights on spotting resets, plus advice on trading in the lead-up to high-impact events like the upcoming election. Revisit the recording here.

Why is counting the levels the hardest part? It’s actually not the hardest part. The reason why people find it hard is because they start playing with the rules. I am very rigid with the interpretation of my rules… I don’t bend the rules to fit a level.

— CajunSpice

In Cody’s session, he shared updates on his backtesting project, noting that he’ll reveal insights once he has clearer findings to report. We are excited for that alpha! He highlighted this week’s entries and the challenges of finding passive setups during aggressive MM moves. Cody also explained 900 trades, pointing out the 1.3k BTC orders sitting at $71,375 and the need to front-run them if they’re not pulled first. Finally, he walked through his counts across timeframes, navigating what’s been an ambiguous week, levels-wise.  Catch up on the recording here. Oh, and how about this for a trading hack! …

A lot of people have been missing the weekly swing, and I had a thought this morning. I haven’t back tested it yet, but you could just use the ribbon inidcator on the one hour because the ribbon gives you your bias, which usually aligns with a rise level followed by a retest of the 20 or 50 EMA.

 — Cody Selby

Humblebrags 💪

Shout-out to Lucyinthesky for this epic trade!

And to MAC_D for these inspiring words about his TTC journey:

For me it clicked January of this year.  Just started seeing everything more clearly in terms of the method.  $10 trades turn into $100 trades and now multiple hundred/ thousands.  Gradually better and more disciplined.  I’m not great but I’m becoming very good..

 — MAC_D, Capital Club Member

TRAVEL

Community Travel Pic 📸

 London

 — riversmile, Capital Club Member

CHILL

Today is an angel number day: 1/11 = 111. And it’s a new moon. There isn’t a more powerful day to manifest than today. Don’t waste it!

— Annii

Mindset 💖

Tonight’s Chill Chat is Part 2 of last fortnight’s session on Rebuilding Confidence After Multiple Stop-Outs. Coach Cat will be providing a bunch of tools and resources to help you address this important topic. If you missed the call, find the recording here.

She also shared two fantastic mindset posts this week:

• 10 Steps to Prepare for a Productive Week, here.
• 5 Quick Resets to Bring Balance and Clarity Back Into Your Day, here.

Happy Cinnamon Day ✨

Sprinkle some good vibes with us as Coach Cat leads the community in a cinnamon ritual, inviting abundance into our lives.

Today is an important day to live as your future self. Your future self has:
– A good mindset
– A clean home
– An abundant perspective
– Dresses well, sleeps well, meditates, eats well….

Let’s create good habits today that will one day be who we just are. 

— Annii

Inflight Entertainment 📺

And as always, here are some suggestions to keep you from missing the charts too much this weekend! 

• Annii recommends every rewatch this lesson about how MM Builds Positions and Hedges at the Same Time. “This is probably one of the best videos in our courses, coz it’s one I did when this community was pissing me off for a dumb trade everyone decided to take lmao… you know that’s when my best work comes out haha!” — Annii
• Jarrid recommends watching Ben Cowen’s video to understand the downside scenario on ETH.
• Don’t forget to help boost the signal on Janet’s first YT video for TTC!
• And ‘tis the spooky season, so as a trader, how can you go past one of the best horror-satires of all time, set against the backdrop of finance and investment banking… American Psycho.

☀️ ON THE HORIZON 

All times are listed in New York time. Access the full calendar here.

😆 MILE HIGH MEME 

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Thank you for reading! I appreciate the support and feedback, and love to hear ideas about how to make this recap the best it can be. Comment below or send me a DM if you have thoughts.

— Caitlin 💙