Is the crypto winter over?

johnarb said:
Serious questions, who is the "they" on the first part and who are the fomo folks you're referring to on the latter part?
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I'm just going by the chart. As you might already know, I don't pay attention to the fundamentals. Price action and market timing is pretty much all I do. Lately, the chart seemed to wanna ignore any bad news. We've finally closed red today, so it'll be interesting how it will react tomorrow.

Regarding your question, I refer to "they" as market participants in general. As for FOMO, they're usually the hesitant buyers who get in at the last minute when all the stars line up. But we all know what usually happens by then.
 
schizo said:
I'm just going by the chart. As you might already know, I don't pay attention to the fundamentals. Price action and market timing is pretty much all I do. Lately, the chart seemed to wanna ignore any bad news. We've finally closed red today, so it'll be interesting how it will react tomorrow.
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I understand, thanks for the input, tho

Incidentally, I found a new dex that I'm considering to move my trading (gambling) into, but it only has btc for cryptos trading

Oddly enough, the dex supports trading EUR/USD, XAU (gold) AAPL, and SPY on the same leverage 2x to 150x

It did $1B worth of trading volume last week, caught my attention because the crypto asset GNS is going up so I'm going to buy the token that's a totally separate bet from trading (gambling) on the platform

When you're ready to degen trade the bitcoin on dex, this might be the one for you, or go on ByBit (via VPN)

I suspect ByBit is a Fed operation same as FTX because why has it not been shutdown when it's so obvious many US traders are using it

https://gains.trade/

https://gains.trade/trading#BTC-USD


upload_2023-1-24_18-33-38.png
 
schizo said:
Cool. I'll look into it. BTW why do all these crypto platforms uniformly use TradingView? :confused:
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They are forks, for example, GNS is a fork of GMX, which is good for security audit as only minor differences on the source code

Not sure if GMX is a fork of dYdX or another platform

By the way, if you know of big wall street traders that do cryptos, ask them if they are trading on these platforms, dYdX, GMX, GNS or any dexes

Some of the traders on these platforms have 7 or 8 figure positions. In light of FTX theft and collapse, many of the big traders would prefer dexes that cannot steal from you, easily, sans code vulnerability i.e. hackers

https://gmx.io/#/
 
Bankrupt crypto lending firm BlockFi has reportedly uploaded uncensored financials by mistake, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and its related trading firm Alameda Research.
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Doh!!!
 
Frederick Foresight said:
Schizo, I see you're no longer posting about CL. You started a thread on it in 2009 and last posted in 2020.

https://www.elitetrader.com/et/threads/cl-redux.178741/

The romance is over? She no longer sports the curves you're drawn to and looking for? :D
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Perhaps little too sexy for my appetite (I've ran out of Viagra)
How's it going on your end? Still have enough Viagra to keep going? :D

Anyway I still trade CL once in a while. Mostly swing trades. I'm not as active as I used to and I like to keep things simple these days by just trading 1 instrument, which is usually ES.

But this BTC intrigues me. I might jump ship and trade this full time if rally gets going in earnest.
 
schizo said:
Perhaps little too sexy for my appetite (I've ran out of Viagra)
How's it going on your end? Still have enough Viagra to keep going? :D

Anyway I still trade CL once in a while. Mostly swing trades. I'm not as active as I used to and I like to keep things simple these days by just trading 1 instrument, which is usually ES.

But this BTC intrigues me. I might jump ship and trade this full time if rally gets going in earnest.
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I dont know if we're 'in earnest' yet but geez shes resilient at the moment.Doesnt stay down for long at all.
 
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