Crypto Macro Trends for 2022

[schizo]

there is no way in my mind we hit $17,300 even if there's a DCG or Gemini bankruptcy

Oops, my bad. The target should be 19300, not 17300. It's now corrected.

 

[johnarb]

Bankruptcy announcement of a crypto firm is almost always very good news

When BlockFi, Celsius and Voyager and some other lending firms went bankrupt, the crypto assets in their custody were frozen from being sold off or liquidated

https://twitter.com/x/status/1614070660304609286

 

[johnarb]

The bitcoin market has been flatlined for 2-3 hours now... If it repeats same as last night, the volume and price will move in about 2 hours from now (Asian Traders?)

I'm looking to put a long btc perp futures position before then, somewhere in the $20,800sh level

 

[johnarb]

Long btc perp futures @ $20,882... getting very sleepy but I don't want to leave a position overnight and still have an hour and half to go if pattern repeats

Gonna try to get a nap, will also close if $21,000 hits

 

[johnarb]

Long btc perp futures @ $20,882... getting very sleepy but I don't want to leave a position overnight and still have an hour and half to go if pattern repeats

Gonna try to get a nap, will also close if $21,000 hits

Closed the position @ $20,966, going to sleep now

 

[johnarb]

Let's pretend that I just went short @ 20900

stop at 21300
target at 19300

We'll revisit this post later

You got stopped out on this, not calling you out, interested on what do you think happens next

 

[schizo]

You got stopped out on this, not calling you out, interested on what do you think happens next

View attachment 303837

Yup I guess so. But unless we break above 21500, my bearish bias still stands. I also think BTS will move more or less in lockstep with the equity market. So if ES (S&P futures) drifts upward overnight, it will likely go up as well. For now, it's wait and see mode for me.

 

[johnarb]

Long btc perp futures @ $21,188

fomo trade, I think we hit $22,000 tonight

nfa

 

[schizo]

Long btc perp futures @ $21,188

fomo trade, I think we hit $22,000 tonight

nfa

View attachment 303869

That was a bit of a head fake, don't ya think? They might have shook me out once, but they can't shake me twice.

 

[johnarb]

That was a bit of a head fake, don't ya think? They might have shook me out once, but they can't shake me twice.

My trade is less of a Technicals trade but more on the fundamentals trade + price action

I'm thinking that normie wall street traders will be trying to figure out what happened with btc on Friday night after hours

So, if the rumor of the $5 Billion btc buyer is true, they will know from their connections

Staying above $21k (price action) would be an indicator we go higher to next level $22k(?). If it goes below, I'll have to reconsider