Is the crypto winter over?

[madein212]

Hey mate,

Welcome to ET.

Valid opinion.

Keep doing your research.

There is a school of thought that says that regulation is positive for the crypto space.

Please keep updating your thoughts.Different perspectives are important.

Best of luck to you.

Cheers,

I found something that was published less than 24 hrs ago that may peek your interest:
https://cointelegraph.com/news/binance-s-swift-banking-partner-set-to-ban-usd-transfers-below-100k

I wonder how this will impact Bitcoin's daily volume among users with accounts valued at less than $100k?

 

[johnarb]

Long 10 btc perp futures @ $22,755

Bitcoin moves below and above ma indicators like they mean nothing... on low volume, so it looks to me like a bunch of degenerates moving the market

I'll join them on this fine Sunday

LOL, just right after i posted that some shit nuked the market, wonder if there's news, going on crypto twitter now

 

[schizo]

LOL, just right after i posted that some shit nuked the market, wonder if there's news, going on crypto twitter now

Prolly stop runs. We broke below yesterday's low. And, damn, it almost hit my stop.

 

[johnarb]

Prolly stop runs. We broke below yesterday's low. And, damn, it almost hit my stop.

No major news I can find on Twitter, but mainly chart stuff that got broken

That was a big volume spike same as 5 hours ago, so if it follows the same pattern, we grind up for the next 2-3 hours. Hope so, I'd hate to take a loss

 

[schizo]

Still feeling the water for this beast, but some price actions have no reason or rhyme and are downright dubious (or maybe it's just my noob-ness).

 

[schizo]

I also see a lopsided head & shoulders on the hourly. From my observation thus far, BTC seems to adhere pretty well to support/resistance levels. But then again it can get completely outta whack and throw you off. Is she bipolar?

 

[schizo]

Going in long with 1 lot @ 22856. TP and stop shown on the chart.

View attachment 304357

Flipping short @ 22,366. Probably not the best place to short but we'll see.

 

[johnarb]

I also see a lopsided head & shoulders on the hourly. From my observation thus far, BTC seems to adhere pretty well to support/resistance levels. But then again it can get completely outta whack and throw you off. Is she bipolar?

Bipolar is right. I should take a loss here since I have no idea what's going on...

 

[johnarb]

Bipolar is right. I should take a loss here since I have no idea what's going on...

Wait, there's a similar pattern previously a few hours ago?

 

[schizo]

Bipolar is right. I should take a loss here since I have no idea what's going on...

Suppose H&S plays out as planned, we would see 21,750-ish for the target. However, this thing likes to do its own thing so we'll just have to wait and see.