Is the crypto winter over?

schizo · Feb 6, 2023

semperfrosty said:
A battle for either side of the disputed 50%?

Well, I can only say the chart doesn't lie.

Wouldn't be surprised if we retest the support at 22300, which would be a good place to go long with minimal risk. I think the whales would likely prop up the price as well. They wouldn't wanna give back so easily what they've made over the last 4 weeks.

The_Krakenite · Feb 6, 2023

Today is already Feb 6'th. Please give me a fire-sale starting around the 15th... It's ok if I get nothing for X-mas this year.

schizo said:

Alright, I can read between the lines. No such luck ehh? That's ok, I'll just have to keep doubling-down on REITs.

schizo · Feb 6, 2023

The_Krakenite said:
Today is already Feb 6'th. Please give me a fire-sale starting around the 15th... It's ok if I get nothing for X-mas this year.

Alright, I can read between the lines. No such luck ehh? That's ok, I'll just have to keep doubling-down on REITs.

Not sure if there's any strong correlation between BTC and SPX but keep your eyes on SPX. I'm banking on SPX to go up to 4350-ish. After that, we should get some meaningful pullback IMO. So maybe BTC will also follow suit to the downside as well.

schizo · Feb 7, 2023

johnarb said:
Powell and a bunch of Fed a**h01es are scheduled to speak starting tomorrow...

Will J the Dove and his cohorts continue to be soft?

I have a bad feeling about this.... like Jacksonhole last year

Man, I see they're coming out in droves this week. Barr is speaking twice, Tuesday and Wednesday. Is there a need for these economists to yack incessantly?

johnarb · Feb 7, 2023

schizo said:
Man, I see they're coming out in droves this week. Barr is speaking twice, Tuesday and Wednesday. Is there a need for these economists to yack incessantly?

Yea, I don't trust them! I think they might do a Jacksonhole 2023 version.... But if they don't, we're going to the moon!

I put a sell order for $23,077 last night for my btc perp futures and looks like the high in the early morning was around $23,060sh

I adjusted sell order to $23,005 when I woke up and it just hit, a loss of about $500-600. i think fees alone are over $200. The fees on my previous dex perp futures platform was cheaper especially if I just have a bid order (taker/maker? I forget)

But liquidity is much better on this Gains gTrade platform so I'll stay

Anyway, I might get back in long if the Fed bs speeches are not so bad

schizo · Feb 7, 2023

johnarb said:
Yea, I don't trust them! I think they might do a Jacksonhole 2023 version.... But if they don't, we're going to the moon!

That was a quite a ride today, eh? I guess the market initially liked Powell's speech but then changed its mind, only to change once again after Bard stepped on the podium.

Which tells me, nobody knows what the eff is going on anymore. They just wanna tip the damn boat to shake everyone off balance. But we're going higher tomorrow, so hang tight.

The_Krakenite · Feb 7, 2023

Which tells me, nobody knows what the eff is going on anymore.

The problem, is you can take the worlds best equity expert, with 100% precision, and the worlds best bond expert, with 100% precision, but because the Fed/Monetary policy creates a third party in-between them, you'll never know for sure WTF is going to happen. Simply because you have a classic 3-Body Problem.

This unsolvable 2+ Body issue goes back to Newton's time and the South Sea Bubble actually... Look it up! :sneaky:

schizo · Feb 7, 2023

The_Krakenite said:
This unsolvable 2+ Body issue goes back to Newton's time and the South Sea Bubble actually... Look it up!

Dude, it's already been cracked.

Physicists crack unsolvable three-body problem using drunkard's walk

https://www.livescience.com/three-body-problem-solution

johnarb · Feb 7, 2023

schizo said:
That was a quite a ride today, eh? I guess the market initially liked Powell's speech but then changed its mind, only to change once again after Bard stepped on the podium.

Which tells me, nobody knows what the eff is going on anymore. They just wanna tip the damn boat to shake everyone off balance. But we're going higher tomorrow, so hang tight.

Yea, i suck at trading, I bought a pullback to $23,155 and it continued all the way down below $22,800... anyway still holding, looks like Fed stuff was not so bad

schizo · Feb 7, 2023

johnarb said:
Yea, i suck at trading, I bought a pullback to $23,155 and it continued all the way down below $22,800... anyway still holding, looks like Fed stuff was not so bad

That one was a tough call. I probably would have done the same. I don't think anyone expected it to drop straight back down to the low.

Anyway, we might pull back slightly in the overnight session (possibly down to 23,000), but should pop back up tomorrow. That's my plan going forward. Good luck!