Value vs. ETH has tanked...should have waited a couple of days to get a better exchange value, but I stand by my decision...Better to be holding things like BTC and ETH, though at times I can imagine myself holding LTC for a trade, and I have already done it once since selling long term holdings. Will probably do it again at some point, but only for a short duration.
CME gaps are all the way down to Pre-Christmas...A very good chance that we go down to about 24000 on BTC - I know, not a great thought...this is a wash for now. DCA during this period will net you much better results in the long term during this period, so dig under those couch cushions for spare change...and understand that it can go lower in the short and...
Will it touch the red band before btc re-asserts dominance and makes fool out of those that have cashed their BTC in for alts with a hodl mentality...My thesis is that BTC newly minted supply will start to bottleneck as time passes...this alone will combine with the store of value narrative and BTC will likely leave many alts (not all) in the dust in terms of sat...
Trading Halt was initiated by the company for yesterdays session based on a headline today. Very decent up-move on a headline $60 Million Project signed...will be following and no reason to sell at the moment. Has broken above resistance, will be monitoring. finance.yahoo.com
Bearish no doubt - holiday effect also...Looking to see where Bitcoin ends up in the next 5 hours-ish.
Do not forget that BTC is the first mover and is almost considered Pristine Capital at this point. Also large institutional support. Holiday Weekend - BTC low (possibly for the week) was carved near 34,000 Tracking mildly bullish Divergence on RSI We have had a bit of an Alt Season, with some non-trivial gains on some of them. I still keep a small portfolio of...
Was quite the drop today, swapped some Gold for Bitcoin-adjacent equity QBTC - more than doubled my position, also HIVE - doubled position - did not get the best prices, but close enough. When I sold the gold prior (Mutual Fund), the timing could not be better to get a half decent price and to buy those equities on a dip prior to the weekend, where all bets on BTC...
Not going to do the analysis right now, I have no dry powder in American Funds > will be following and next round of dividends might see some funding here. Above the 200 Ma on the Weekly points to additional gains in the long term.
4 Hr VIX looks like a mess, but just drawing trend lines connecting tops and bottoms shows a broadening wedge formation...Doesn't mean the market tanks, but I see why I have been seeing a lot of people going to cash lately. Also of interest, Gold (-7% since last peak) and Bitcoin (-14% so far since last peak) have taken it on the chin as of late, and even "value...
As much as I suspected, after the DXY took a bit of a dive, retracing on gains in the last week, gold popped for a few bucks and BTC popped today, but Gold's gains have withered now and the DXY is now looking more bullish. Not a sell signal for anyone that bought BTC or Gold at the right prices (think 2018/2019 prices). However, it looks like lower is more likely....
Recent action on Gold and BTC (serious retraces on both) probably inspired by "real rates" going up. I'm using scare quotes because "real rates" are the rates on the 10-year with inflation subtracted. Problem is inflation is measured by CPI which doesn't capture the whole picture anymore. fred.stlouisfed.org > should be a chart that almost everybody watches.
> DXY taking a small dump, forecast uptick on gold, and we are seeing it now. Gold is a very large market, so it doesn't just move for nothing. Should also see an Uptick on BTC after the Gold move is confirmed. Looking to reinforce my thesis of DXY/GOLD/BTC relationships. DXY as the ultimate decider, Gold as a leading indicator, BTC as the ultimate gainer.
No Analysis, just observation. 17% Bounce after 27% Decline. No the damage has not been fixed, but a bounce of this sort does mean enough hodlers have not sold and there have been buyers along the decline. Time will tell on this one...The million dollar question remains, is that it for the correction, or is this latest bounce just a correction of the correction.
Serious resistance on that 1300 handle for the foreseeable future, anyone that shorted it is now in serious money. There is still hope if ETH can regain and hold 1K over the next few days, that being said, I would be extremely cautious about buying more with BTC a this point in time. Account allocation is mostly BTC at this point and I am now even more hesitant to...
Down by over 16% BTC down by 9% at this moment. Might recover some of it's parity (not all the way, but you know what I mean). Also a good chunk of my alts in general. I don't really consider ETH an "Alt" but technically it is.
Very small stakes, have a stop loss very near to the action, could be mildly bullish on LTC vs BTC looking for a 5-8% Movement up, will be moving stop-loss up if it moves decently in profit - 0.00426-0.0047 ish.
Sold too much ETH on the way up .5-.6 repaired that by sacrificing LTC bag directly into ETH and BTC > I will see soon if I gave up too quickly, but at this point, ETH is probably headed a magnitude higher. Either way, I will sleep better knowing I put as much into BTC / ETH as possible.
BTC looking like it's about to fall out of this triangle. That happens, it won't be the end of the world, but it will teach a lot of new users the value of buying on dips rather than just throwing money at it...