Is the crypto winter over?
- Thread starter schizo
- Start date
NDX has had very close relations to the "unnamed asset" but also there have been clear divergence as of late
It's not that I do not believe in the NDX, but look at the tech layoff announcements, and with the 6-month treasury (risk-free) at near 5% APR, and with consumer debt hitting ath on a monthly basis, my mental gymnastics cannot see how them tech stocks are going to overcome the many headwinds facing them in the short term until the Fed announces a clear signal to pivot, stop or cut
The thing with the "unnamed asset" is that it has no earnings so there will be no earnings miss or any of that layoffs or buyback needed. It's a liquidity sponge
The "unnamed asset" is a global asset which means it can siphon liquidity from anywhere. The central banks are passing the canteen on whose turn it is to print and the "unnamed asset" takes a swig without asking for permission
I do see it.Theres a hurdle to climb.But it cant hold forever.
Timeline hazy but on the other side theres massive upside.Smart money may be taking positions.
Sorry John-I see what you meant now.
It could be read as enormous upward pressure on that level rather than price struggling to clear it.
Good read.
nailed both levels! nice one mate.
I actually got in a couple of days ago when btc perp futures @ $24,375 but I changed my strategy, I lowered the size and not trying to cash out the short term pumps (I've seen it at least twice pump to over $25k only to crash hard shortly after)
Liquidation point at this time is below $23k
I may add more to the collateral to lower liquidation but my plan is to increase the size if we go above $27k
As long as we don't fall below 24250 again, we should be fine IMO.
Once we break out above 25270, I suggest you sell your wife and children and go full tilt.
Thanks! Hope that level holds!!!
Once we break out above 25270, I suggest you sell your wife and children and go full tilt.
lol, dude, I think I might be at the edge of being irresponsibly long. not on this perp futures casino, but on other cryptos
I need to cut down positions... probably tonight