Agree.
Welp, thereabouts, then rising again.
That will form the double bottom, up from there.
Need to load up on this next pullback, I will be.
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Is the crypto winter over?
- Thread starter schizo
- Start date
Welp, thereabouts, then rising again.
That will form the double bottom, up from there.
Need to load up on this next pullback, I will be.
Have to say I would be a bit more aggressive if we saw another touch of 20000 too.
Well, personally I wouldn't feel comfortable seeing it fall that low. At that point, you only need a little nudge to run all the stops (and you know all the stops are placed just under 20,000) to force the damn thing to crater.
US Regulators are going on a full attack against Bitcoin and cryptos. The latest victim was Paxos (USDP and BUSD) that triggered a selloff last night
For long term hodlers of actual bitcoins, we will ride this out. I am not selling any btc, NFA
Interesting. All I follow is price on the chart so good to know what's going on below the hood. Hopefully the storm will pass soon, but like I said already, it doesn't look too good on the chart. Price will most likely come up to that trendline and reverse. Good luck going forward.
One of the indexes I watch which tends to mirror the US seems to be nervous about the quadruple/significant double top at 7564.First touch back in August 2021.
I'm assuming some good fundamentals required across the board to push through,consolidate and push again?
Weekly chart.
Poor Kraken... she got... Krrrracked (as bad as the Fed busted up ARKK with rate hikes.)
Coinbase... you're next!
Coinbase... you're next!
Well, not so fast buddy. Haven't ya noticed? It blew past that trendline.Poor Kraken... she got... Krrrracked (as bad as the Fed busted up ARKK with rate hikes.)
Coinbase... you're next!
US Regulators are attacking Bitcoin and cryptos and maximizing for full effect
For example, they attacked Kraken for staking when Kraken did not have a lot of resources to fight back and recently had to announce layoffs
If they had chosen to go after Coinbase which offers staking on cryptos, they would have had a real fight on their hands as Brian Armstrong already announced on Twitter they will not settle without a fight. Coinbase has $5B on its balance sheet and most likely has one of the best legal teams money can buy
SEC has been like a bully going after BlockFi ($100M fine), Genesis (after it went bankrupt) and recently Kraken. Jesse Powell explained they had no choice but to settle
SEC collects fines but not a single $ goes to the victims
The announcement of the case against Genesis happened on a Friday after hours when liquidity is low. Yesterday's announcement against Paxos (BUSD) happened during SuperBowl Sunday
For example, they attacked Kraken for staking when Kraken did not have a lot of resources to fight back and recently had to announce layoffs
If they had chosen to go after Coinbase which offers staking on cryptos, they would have had a real fight on their hands as Brian Armstrong already announced on Twitter they will not settle without a fight. Coinbase has $5B on its balance sheet and most likely has one of the best legal teams money can buy
SEC has been like a bully going after BlockFi ($100M fine), Genesis (after it went bankrupt) and recently Kraken. Jesse Powell explained they had no choice but to settle
SEC collects fines but not a single $ goes to the victims
The announcement of the case against Genesis happened on a Friday after hours when liquidity is low. Yesterday's announcement against Paxos (BUSD) happened during SuperBowl Sunday