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Well, that's what usually happens when a new kid comes on the block. Take for instance, the Internet, circa 1995. I don't know if you were even trading back then, but it became a hot sensation and the Nasdaq literally went through the roof overnight. I remember some analysts making a similar...

But would the market even budge when you sell 10M satoshis? It surely wouldn't tank from $28K to, say, $25K. And that's my point. In order to significantly move the market, you need big money coming into the market flexing their muscles.

I dunno what you mean by this. Scarcity is one thing. How would 0.0001 BTC be able to move the price in a significant manner? That would be like saying 1 lot is enough to move ES by 10 points or more, which would be ludicrous. In order to drive up the price of ES by that much, you need...

But how will the price go up when nobody is selling? I mean price can only go up when demand exceeds supply. This is straight out of Econ 101.

Long 85 SL 74

I'm gonna shoot ya. One day does not a trend make. It's up over 1% today and I bet it will go up again tomorrow.

LOL lighten up man, I was only joking. I'm still long, but I'm getting a little edgy. This isn't how I normally trade. But I've decided to go easy with BTC, giving it a lot of wiggle room (for now, at least).

Did they say a picture is worth a thousand words? Not a prediction.

Damn, you're one pessimist. :D

Don't know about the fundamentals, but the equities market tanked first and BTC soon followed. I think the market just needs time to digest all this before going in either direction. As far as the rate hike is concerned, 25 bps was in line with the expectation (wasn't it?).

Out 4033 +15

Long 4018 SL 4003

Well, ya gotta give it to the guy for trying. In the meantime, BTC/ETH is making a new high, so I'm assuming BTC will follow suit.

cnbc.com The Fed forecasts just one more rate hike this year By Yun Li|Mar. 22nd, 2023 The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation battle, according to its median forecast released Wednesday. The Fed kept the “terminal...

bloomberg.com Live: Updates on FOMC Rate Decision, Chair Jerome Powell's News Conference Mar. 22nd, 2023 Fed hikes by quarter point, signals it still expects higher rates Impact of bank turmoil real, though extent is uncertain: Fed Central bank to keep same pace of balance-sheet unwind Yield...

You mean that guy who thinks with his BIG Dick? Obviously. Seriously, I want to see his live trades.

Fed hikes rates by a quarter percentage point, indicates increases are near an end

Congratulations, we're officially over 28,600. As long as Powell doesn't screw things up, which I don't believe he will, the next support awaits us at 33K.

It's hard not to notice that prices reverse at specific levels, namely those levels that correspond to previous major support and resistance. While institutions aren't out to intentionally run you over, they will try to gun for those stops that are placed near those levels because they also know...

So when do we get to see his actual trades? Does he even trade ES? Can I roll my eyes?