FTX and coinbase twap buying constantly, it was very obvious in CVD and order book flow. Wasn't backed by any ta or event.
We've been in a bear market since the first all-time high last year using metrics, there's been a constant outflow of institutions and retail since then and capital leaving the market. This was only held up by capital rotating in and out of the next L1s and alts constantly, hence why there wasn't a market-wide bullrun of all alts and many things topped in Q3/4 of 2021.
If this doesn't go and hold above 46k we'll likely retest 41.8k and potentially revisit the 33k sweep again.
Note what you said; If number doesn't go up, it will go sides ways. If it doesn't go up or sideways, it will go down. But why?? Number go up because: -Bears and Bulls loaded up on Q1 options. Bears will get destroyed. -COVID pandemic is over -Retail has capitulated -Rate hikes have been baked in. QT is likely not going to happen. Predicting accelerating, not tapering of QE in Q3 and Q4. -Continuous supply chain shocks for the next 2-5 months, then large overstock backorders piling up in inventories by Q3 that will need to be liquidated by end of Q4. Number go sideways: -Economic numbers plummet worldwide in the next 60 days (no evidence of this) Number go down: -Bulls get destroyed in Q1 and Q2; Fed pivots My current sentiment: Strong Q1 and Q2. Weak Q3 and weaker Q4. Complete capitulation Q1 and Q2 2023; Recession /w significant stimulus.
Powell made it pretty clear that they won't bail out the markets this time. Well that's how it works when there are clear levels the price has been respecting in the last 1.5 years. Institutional outflow has been arguably even bigger in the past months.
you can't possibly be this clueless! From 2017 - 2020. under an incompetent / clueless POTUS, w an ineffective trade war, a pandemic / lockdown, the US economy still grew, albeit just less than 3%. From 2021 under the competent Biden, the US economy grew over 5.7% Biden's multi trillion $ infrastructure spending plan will continue that growth trajectory it'd behoove you to think before you post!
What do you constitute a bailout? Additionally Powell doesn't have the ability to bail out the markets....thats why he wont bail out the markets. This emperor knows he doesnt wear clothes. Retail capitulation is not the biggest factor of price dropping. As I said, currently institutions set the floor. Now that retailers are squeezed out of the market, they are now primed to jump back in when 'number go up'. Retail is what drives blow off tops.
Retail sold the last bottom three weeks ago on crypto and tradfi but since then has been buying from institutions and will get left in the dust, you currently have dumb money buying the exit pump of institutions literally. Same with crypto in the last days.
What you described with them ditching the plans they put out at the last fomc meeting. This is just a pipedream and desperate bull copium at this point, they've made it totally clear they are serious about this and won't back out when the market panics this year.
It's hard to swing trade and i agree it will be a rocky ride once Fed overreacts and bows to political pressure to try to break inflation before midterms.
Whoops I thought this was the alt coin thread... I should add I was wondering what happened to TechLead as he seemed to have mastered the YouTube algorithm then his vids disappeared after constantly popping up in my feed.
To a lot of people, like myself, 33k is actually more than a fine place to settle for a while. IIRC, 20k range is where a lot of og institutional money came pouring in. Not sure how much of that support is still there.
one week after a couple accused of laundering the proceeds of a 2016 Bitfinex hack were arrested at their New York apartment, and a crypto wallet containing $3.6 billion in bitcoin was seized by government officials, A new report from blockchain research firm says criminal whales held over $25 billion worth of cryptocurrency at the end of 2021.
don't want to speak too early but looks like btc is starting to decouple from the markets. nasdaq and rest of market down over 1% while btc is holding slight positive
Is it the market decoupling or people/algos fleeing the Ruble? lol. And really, it's all of crypto hopping at once... again. They're all up 7-15%. Charts outside of stablecoins all look pretty much the same. They especially seem to love Terra now.
