Is the crypto winter over?

johnarb said:
It could and I won't take an intraday-position because it's already late in the day (US time), so I'll just hold my swing-trade position which is currently at a loss, but manageable
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It's a toss up right now. I think it will depend largely on the equities market. If they go up, so will BTC. Otherwise, you could see a pullback. If it was me, I would just wait until there's a decent pullback before going long. Ya know, we've already had such a huge rally.
 
schizo said:
It's a toss up right now. I think it will depend largely on the equities market. If they go up, so will BTC. Otherwise, you could see a pullback. If it was me, I would just wait until there's a decent pullback before going long. Ya know, we've already had such a huge rally.
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This where my belief in funnymentals got me on the bullish side which doesn't really take much to get me there

You're seeing the January effect of money coming into the markets, equities and cryptos

The precious metals are smelling a Fed pivot or even if not a pivot, turning on money-printer to add liquidity, all this concern of weak bond market, Yellen concerns of a failed Treasury auction, we could be turning Japanese

Speaking of Japan, they're just going rogue on their consumption of JGB's, some may think all this fiat printing needs some kind of hedge in hard money, i.e. gold, silver, bitcoin

so tl;dr, we got a tailwind on the equities market not crashing this week, Powell and his fed cohorts had their chances last week to crash the market but they didn't
 
johnarb said:
This where my belief in funnymentals got me on the bullish side which doesn't really take much to get me there

You're seeing the January effect of money coming into the markets, equities and cryptos

The precious metals are smelling a Fed pivot or even if not a pivot, turning on money-printer to add liquidity, all this concern of weak bond market, Yellen concerns of a failed Treasury auction, we could be turning Japanese

Speaking of Japan, they're just going rogue on their consumption of JGB's, some may think all this fiat printing needs some kind of hedge in hard money, i.e. gold, silver, bitcoin

so tl;dr, we got a tailwind on the equities market not crashing this week, Powell and his fed cohorts had their chances last week to crash the market but they didn't
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Now youre just baiting them John!! haha:D
 
schizo said:
It's a toss up right now. I think it will depend largely on the equities market. If they go up, so will BTC. Otherwise, you could see a pullback.
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Ya can't make this stuff up. So where to next?

upload_2023-1-17_10-35-26.png


upload_2023-1-17_10-36-54.png
 
schizo said:
Ya can't make this stuff up. So where to next?
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I wish I understood Greek, but... Possible ELI5 as I'm a noob chartist?

I have an order for intraday $21,055 today, the swing-trade position has done nothing

upload_2023-1-17_10-43-23.png
 
schizo said:
Which crypto exchange do you recommend? I'm in the US.
  • Coinbase
  • Binance.US
  • CEX.io
  • Gemini
  • Kraken
  • Bitstamp
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The one that I know most people use is ByBit (with VPN)

I use defi dex called ApolloX, there are others like GMX, DyDx

You need crypto in a wallet. I can expand more later if you have questions, there's also tons of YouTube for using DEX

Going out for a bit right now, have an order for $21,110
 
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