Is the crypto winter over?

themickey said:
These are my thoughts:
Firstly my call; 'for a very large immenent move', appears even to myself to be outlandish, whacko, in otherwords, I really don't think it's even possible myself, however, I designed an algo which is crazy complicated and weird which is a relatively new invention which I don't fully understand myself just yet, however it appears very reliable and it also relates to Bitcoin behaviour.
The second point; my limited past observation of bitcoin, on weekends it usually does nothing radical.
This time may be slightly different and my hunch is USA time late Sunday night it will possibly react when you guys are sleeping.
This is Australia business hours, but Monday is an ASX holiday, Kings Birthday.
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US crypto hedge funds get involved in the (Asian) crypto markets late Sunday to hedge their crypto portfolio but now that the SEC has declared them as unregulated securities, hopefully they also shutdown operations

More downside risks in the short term for bitcoin and cryptos unless we get some bank failures soon

Australia is an NPC, no offense :D

https://www.reuters.com/technology/...ks-payments-some-crypto-exchanges-2023-06-08/
 
themickey said:
It appears bitcoin is stepping to the very edge of the abyss, it can't go down much more from ~25,600 level.
At a stretch it could go to ~24,800 but that would imo be crazy extreme.
I have it most likely trading flat from here and bouncing up hard Monday.
If it doesn't do, then it's buggered for a while imo.
Watching intently how this plays out.
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There's a slight issue, I'm using some 3rd party data which I've just discovered is not accounting for weekend trading, so its skewing my timing results. Their data is on traditional 5 day week while bitcoin trades 7 days.
Two - three more trading days to go.
 
themickey said:
There's a slight issue, I'm using some 3rd party data which I've just discovered is not accounting for weekend trading, so its skewing my timing results. Their data is on traditional 5 day week while bitcoin trades 7 days.
Two - three more trading days to go.
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Very much in line with the Fed FOMC fireworks this week, if there's any
 
BoC had suspended interest rates in order to check the dangers to the Big-6 banks. Now they just raised rates again.... This signals lots of more pain ahead in America coming! :fistbump::fistbump:
 
johnarb said:
I'm still long. Liquidation is about $1400 down in btc price from here
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Got to about $300 of being liquidated last night

upload_2023-6-15_12-36-54.png
 
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