Is the crypto winter over?

[schizo]

BTC looks like it's about to crack under. As previously stated, looking for a pullback down to 19300 before resuming higher.

 

[schizo]

How does Putin’s ambitions translate into TA? Surely, that’s fundamentals

Just thinking what could move the market this explosively without any underlying economic fundamentals. It could only be Master Pu and his oligarchic gargoyles. I know that has nothing to do with the PA but still worth pondering.

 

[Master Pu]

Stocks bounced, BTC bounced with them, just like when stocks declined, so did BTC, but in a much more volatile way. So…

 

[schizo]

Stocks bounced, BTC bounced with them, just like when stocks declined, so did BTC, but in a much more volatile way. So…

Hence, all the more reason why BTC will be rocketing up higher from here because you know where I think the ES is heading. That's right, 4400.

 

[schizo]

Finally breached below the support.

 

[Master Pu]

Hence, all the more reason why BTC will be rocketing up higher from here because you know where I think the ES is heading. That's right, 4400.

Hm, 4400, during this leg? Option expiration 20 Jan, I don’t think this is reasonable, even my call of 4150 from some weeks ago, may be too distant cause 20th is within few days, but you never know.

 

[johnarb]

Guys,

There has been a nice volatility trading range the past 2 days on btc, up down up down up down up down

I have not traded at all yesterday, had a reunion with old friends I had to go to and I got home very late, and today just getting ready to make trades

The trading range I'm interested in is that $20,700 to $20,930 longs only on the btc perp futures

That's about $2,000 on a 10-btc trade, certainly the range has been wider than that, but not as oft-occurrence

I suggest you guys get in on the action, crypto perpetual futures has been great the past 5-10 days

 

[Frederick Foresight]

I wonder how much wash trades are helping things along.

"...a little over 50% of daily bitcoin trades being reported are likely fake, according to Forbes’ latest analysis of 157 crypto exchanges across the world. "

https://www.cnbc.com/2023/01/12/mark-cuban-next-crypto-implosion-may-be-uncovering-wash-trading.html

 

[schizo]

Hm, 4400, during this leg? Option expiration 20 Jan, I don’t think this is reasonable, even my call of 4150 from some weeks ago, may be too distant cause 20th is within few days, but you never know.

So you believe the market will reverse after op ex? I don't see your point. I think options will just get rolled over as the market heads higher.

 

[destriero]

Well, this is very damning from the Winklevoss twins on the shit-storm that's about to hit this winter. Seems the market is still not pricing the catastrophe in yet. (typical)

DCG blowing up is worth $1K on BTC, but if you're an AI you can trade vol on BTC and you can ride out the blowup by shorting the synthetic combo struck at say 22K cash or babysit vol on CME.

BTC hits 25K within six months.