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Please use Doge as an indicator. You will see it makes sense. I will be cautious investing in it though as a lot of influencers using it as a simulation, in my opinion.
My thoughts are when we see Eth hit $1000 - $1200 range. I am using Doge as an indicator. I am not in Doge, as all ALTs are showing signs of a Bear trend. BTC is different, it is easily manipulated by Michael Saylor and his peers. It should be anytime this end of month and beginning next. My thoughts are BTC $20ks maybe low-to-mid $20ks, then we bounce to $50k to $55k.
So I am more inclined to look into these as the RSI (4Hr trends):
1) BTC low $20k mid $20k then (End June to Beginning July)
With BTC bouncing back to $50k-$55k Aug - September
2) Eth low $1000 - $1200, I cannot see how high for now as ETH 2.0 coming to play (End June - July)
3) LTC low $50s to $80s (End June - July)
It costs Hedgies $500million or $1/2Billlion to keep this stock 6% down today. Just 6% down.
If you have little time to watch: check it out @ 8:29 min
No one believed me when I described we are in a bear market.
:'-(
LTC looks like $50 - $85 range, possibly.
It is going to go down more. BTC in the $20k, ETH in the $1000 - $1200 range. Bearing Divergence on going.
One possibility, is that only about 9% of US retail is in crypto. It is very possible with all the stimulus etc...a lot of people waiting till 2022 to pile into crypto.
What I have observed is they ramp up the price $4 gap and today the $65 call strike was at IV $1400. then they drop it below $60 to close the week. Last week they did similar shenanigans.
ETH is going to drop below $21OO soon. $1100 to $1200 is looking very attractive to me.
We will see a small rebound in BTC, then, we go check out my $20k - ish average.
I am in COIN also. Accumulating. I am hoping it goes under $200. to get more.
Step back to June 2nd
World’s 43rd Largest Bank Wants a Piece of the $1.7 Trillion Cryptocurrency Market
https://dailyhodl.com/2021/06/02/worlds-43rd-largest-bank-wants-a-piece-of-the-1-7-trillion-cryptocurrency-market/
British banking giant Standard Chartered is leaping into the crypto industry. The bank’s innovation and ventures unit, SC Ventures, is collaborating with an Asian partner to launch a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe.
It will initially target the European market, connecting institutional traders to counterparties in order to deliver deep pools of liquidity in Bitcoin, Ethereum and other digital assets.
According to the announcement, Standard Chartered is partnering with the leading public fintech and digital asset company in Asia, BC Technology, which operates the Hong Kong-licensed cryptocurrency exchange OSL.
Now we watch POWA HOUR AFTER HOUR (PHAH)
looks like $60.01 close.
IV is 1400% at the $65 level woowowowowowwow
Hey, xZx, how much do we need for governance. I forgot is it (Qty 100)?
I respect your viewpoint. I see redistribution.
Redistribution vs Accumulation.
My take on Dollar Index and BTC-USD
https://www.tradingview.com/x/4rnw3QcG/
My take on increased short position on datamish.com (14 days)
How about today?
I am holding a small position in it.
Can I show you a USD pump?
Note: the SOPR data is from last May 16th. link back.
I hear you too, Mass Adoption happens at the "4th" wave. That is my theory. I believe what we are both talking about is when is that 4th wave hitting. Yet, we are speaking in different English.
There is something called SOPR or Spent Output Profit Ratio (SOPR). Simply put it means price paid and price sold.
In a bear market, everyone is selling or waiting for the break-even point to sell. When SOPR is close/greater than 1, people start to sell even more, as they reach break-even. With a higher supply, the price plunges
If you go to the link below, we are at SOPR = 0.9976 right now.
https://studio.glassnode.com/metrics?%253Bm=indicators.Sopr&%3B%253BmAvg=7&%3B%253Bs=1423829821&%3B%253Bu=1581509821&%3B%253Bzoom=1825&%3Ba=BTC&%3Bm=indicators.Sopr&a=BTC&m=indicators.Sopr&pScl=log&s=1609372800&u=1621209599&zoom=
The point is BTC/ USD vs BTC/ USDT
BTC/USDT give rise to spot price which is what the disassociation I talk about. I am not saying USD vs basket of fiat. I am saying spot is traded as what? It is traded as BTC/USDT which is a tether print. The real futures is BTC/USD
There is nothing wrong with your view. We cannot look at BTC like we look at a stock we have to look at it with the way halving of the coins has affected the price also. And the trade cycle. We - retail - are only a fraction of the massive interest here.
We are in a world of simulation. We have taken the red pill as the matrix "movie" implied.
One key word is visualization. Think about it, Right now. what does your chart look like. RH, Google, Yahoo Finance etc...is zooming back to when....it is zooming back to 2015. Go back and look it shows BTC at $327. So that scale is wrong to begin with "the simulation". It makes you feel we have had a massive rally from that perspective. That is why I prefer the logarithmic scale. On all crypto actually.
Going back to the Study of BTC,
We are at wave 3 right now, we have to terminate wave 3 and enter wave 4.
When we have such extreme values in the data we need to use log scale. When we combine the longer price history with log scaling we get this chart. When we combing the chart, we see the low end of BTC is at $20k
My study of BTC hitting $20k
From this article,
Second, and most importantly: The scale of the chart is wrong. Because of the massive rally on 2017, the price history before that is obscured. When we have such extreme values in the data we need to use log scale. When we combine the longer price history with log scaling we get this chart
Review the chart again:
https://medium.com/coinmonks/bitcoin-2021-rally-or-crash-scam-or-cycle-the-4th-wave-is-here-82f79595e951
The most important graph is this one, please link back.
Unrealized/ Profit Loss BTC with Sentiment
Next.....BTC logarithmic
First, as a matter of learning, this is an article that will review BTC rise since 2017
https://medium.com/coinmonks/bitcoin-2021-rally-or-crash-scam-or-cycle-the-4th-wave-is-here-82f79595e951
BTC per with Statistics
We should look into bitcoin with hodlers over.... >1000
Note: It is dropping....
https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/
BTC-futures and BTC-Spot is disassociating. Futures is what is important. If you would recall, I reported previously that demand has dropped on CME.
Dollar has started to rise.
https://finviz.com/futures_charts.ashx?t=DX&p=d1
Traders in BTC say we are going to see a downturn validating the 4th wave. With prospective low at the mid to low $20k. This is the same pattern they have seen in 2017.
Dollar Index is now on the rise, Traders are pilling in. BTC will drop now.
https://www.tradingview.com/x/bXrB2B3d/
Watch Elon, he ditched BTC and reaccepts it soon? When is soon?
BTC vs USD with BTC EMA(200)
fwiw
https://www.tradingview.com/x/E6jEW4xH/
You’ll see less of me as I want to FOMO in. Yet, I am reminded of my charts I am seeing $20k-ish.
Any chance seeing some cheap $40ss I can't believe I am saying this hahah. I want some more.
Trey's Calling out Hedgies that did not get out. And OMG moment.
Take a look at the FED's chart.
https://fred.stlouisfed.org/series/RRPONTSYD
If you wanna follow along with Trey's Video. Totally insane.
The reverse repo chart from the FED looks like the AMC squeeze