Is the crypto winter over?

schizo said:
BTW my feeling is that if we don't get a clean break out to the upside tomorrow, we might free fall. I don't like this price action, which is being held up by sheer speculation. Moreover, it's taking too long. But as always, consider what I say with a grain of salt.
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I see consolidation pattern above $34k, but the volume on the green candles suggest buyers (money) are coming in

To me, it makes sense as there is an absolute chaos going on in the global macro markets, JPY above 150 to a $, bonds 10y yield going back up, earnings fucked up by recession, Google Alphabet case in point, nasdaq and spy been down more than up...

Flight to safety that is bitcoin that's been up nicely the past 2 weeks and a reflexive move up loop

This dude only deals with hinw and private offices and institutional investors, he has been overwhelmed, take it with a grain of salt


upload_2023-10-26_13-11-36.png



https://twitter.com/x/status/1717335147417071845
 
johnarb said:
When you move out of the US to Asia, you'd be able to trade perpetual futures, the best invention in the trading markets :)
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I just might do that one of these days. This nation is turning ugly by the day.

Anyway, it's looking like we might reverse here. Let's see if it drops below that line.

upload_2023-10-25_21-24-10.png
 
johnarb said:
This dude only deals with hinw and private offices and institutional investors, he has been overwhelmed, take it with a grain of salt
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:D

Either way, if it's true, it'll show up on the chart. I just go by what I see on the chart.
 
But the real line in the sand is with this trendline. Should that be taken out, we just might be in for a rude awakening. Again, don't take anything I say at face value. :)

upload_2023-10-25_22-31-15.png
 
johnarb said:
Your tradingview is broken (Binance issues?)

btc/tether is at $34.6 for me, no big moves
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No, it's trading in par with the CME bitcoin futures. I think the price you're referring to is the spot price (eg BTC/USD or BTC/Tether).

I like looking at the Binance over CME chart. It's more cleaner. But, overall, they move pretty much in tandem.
 
schizo said:
No, it's trading in par with the CME bitcoin futures. I think the price you're referring to is the spot price (eg BTC/USD or BTC/Tether).

I like looking at the Binance over CME chart. It's more cleaner. But, overall, they move pretty much in tandem.
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Your image showed $35k price, I'm not able to follow, :D

It looks like bitcoin will go down to the green line in the short term?
 
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