Is the crypto winter over?
- Thread starter schizo
- Start date
I have never traded crypto before but I love the BTC tape and have followed it for years now. Today is a hugely interesting move. Tactically short but the tape today seems massively bullish on the long term to me. At least in the sense of not getting short on the long term.
Man, I had my limit order all ready to sell at 30280 and I just looked at the chart and what do I see? It missed it by only 50 points!!!
It's getting close again, maybe it will hit this weekend
I'm still holding my small perp futures long position, actually thinking of adding...
That's my belief as well and I've since moved my stop up to just under 31500.
Now that I'm looking at the chart, I would have in fact gotten out 1 hour ago with a decent windfall.
That's my belief as well and I've since moved my stop up to just under 31500.
Now that I'm looking at the chart, I would have in fact gotten out 1 hour ago with a decent windfall.
Sorry was asleep and just woke up. It looks like your target hit, $30,200 (wicked up to $30.4k), now it's back down below $30k
I'm not actively trading my long perp futures position
The nice thing about bitcoin is that it does not have any earnings so no earnings disappointment, nor does it have Board of Directors decision on new share issuance (dilution)
bitcoin does have insider selling similar to executives exercising their shares and selling and this can be seen on the blockchain, currently over 75% of the 19M supplies have not moved in a year
bitcoiners are labeled psycopaths by E. Warren and friends. We do not sell when it's down 77% from the high and we do not sell when it's up over 90% from the low
Given the current global macro market conditions, bonds are volatile af like a crypto shitcoin affecting the US equities market on a daily basis, but something nice going on with bitcoin is that it hasn't given a fuck lately
bitcoin has been trending up and what's the risk to the downside?
no earnings disappointment or guidance and all those scammers, DCG, Genesis, BlockFi, Celsius, FTX, Alameda, Voyager, 3AC, have sold all their customer bitcoins to stronger hands
Global shitstorm be damned, bitcoiners have not had such peaceful times as the past few weeks/months, much more so than last year
And after Uptober comes Moonvember
I moved my target up to 31500. On second thought, I think I'll move it up to 32900.
Sorry was asleep and just woke up. It looks like your target hit, $30,200 (wicked up to $30.4k), now it's back down below $30k
I'm not actively trading my long perp futures position
The nice thing about bitcoin is that it does not have any earnings so no earnings disappointment, nor does it have Board of Directors decision on new share issuance (dilution)
bitcoin does have insider selling similar to executives exercising their shares and selling and this can be seen on the blockchain, currently over 75% of the 19M supplies have not moved in a year
bitcoiners are labeled psycopaths by E. Warren and friends. We do not sell when it's down 77% from the high and we do not sell when it's up over 90% from the low
Given the current global macro market conditions, bonds are volatile af like a crypto shitcoin affecting the US equities market on a daily basis, but something nice going on with bitcoin is that it hasn't given a fuck lately
bitcoin has been trending up and what's the risk to the downside?
no earnings disappointment or guidance and all those scammers, DCG, Genesis, BlockFi, Celsius, FTX, Alameda, Voyager, 3AC, have sold all their customer bitcoins to stronger hands
Global shitstorm be damned, bitcoiners have not had such peaceful times as the past few weeks/months, much more so than last year
And after Uptober comes Moonvember
*semperfrosty dusts off his space suit for one more mission*.
What I'm trying to figure out, is why did crypto go up, and the miners went down this week. Can't seem to figure it out, nor did I see anyone come up with any explanation for this that makes sense.
So... the market is failing to do arbitrage or what am I missing?