Who's going in on CryptoCurrencies? XRP - Bitcoin

The margin debt chart isn't for crypto, it's for the USA.
 
All this is fine and good if we're just talking about investing. I'm still going to hold that this is accumulating around 30k and should rip to about 31-32 then 34. I'll be thinking 13k first then 3k if it breaks under 26.4k but till then the same idea applies IMO. At any rate, pays to at least keep an eye on the 5m chart and maybe buy into a sudden knife up if it happens or look for that break under 26.4 to volume death.
 
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This crypto stuff is a joke.

Coinbase is going bankrupt. Time for a bail-in if you know what that shit is.

I just transferred alt coins away from Coinbase into my Ledger and I'd be damn if the fee to transfer out of Coinbase didn't take damn near almost 70% of the alt coins in fee's itself.

There ain't no way in hell you guys are doing money. These exchanges take a chunk to buy, then a chunk to transfer to hold in wallet and when you're done, you have maybe 30% left and the other 70% ate up in fees as a long term holder.

As a holder, you gotta already get massive returns just to recoup the double fees ate up in the exchange you bought off of AND THAT's JUST to get back to what you originally bought at. Then get more returns just to make a profit.... yeah, fools money.

I might as well just throw the f*cking coins away now I was holding.

Yeah, i'll stick to Forex and Stocks.
 
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I put my life savings into crypto
 
I was going to hold one coin.... ACH

After I saw the market get shredded by the ukraine war..I decided to pull. Lucky decision.

I dont think Cryptos will go away though. It will probably be the biggest rebound story 1 to 2 years from now.
 
It's interesting, I've laid out since January and before the problems with the Fed increasing rates and what it will do to crypto, IN THIS thread.

I explained margin debt, where the funding was coming from to buy crypto and why the prices were high.

I believe I did a very good job explaining to people what is happening and why. If you follow my Semiconductor thread, I take the time to go into details on the background, geopolitical, nationally, and locally to explain why things are happening, including cryptocurrency.

And then when it starts happening, I'm a "crypto hater". WOW.

I'm the guy stating, "Hey there is an Iceberg up ahead".

"Oh no you're fear-mongering."

"You should probably steer away from the Iceberg, and here is a 5 bullet-point PowerPoint presentation on why it's not good to hit the Iceberg."

"You're wrong."

"You didn't even look at my data..."

And then everyone hits the Iceberg.

And as the ship sinks: "You're just a hater..."

eHOoEYG.gif


If you guys simply knew where the source of funding was coming from (retail investors and big institutions) and how margin debt worked you wouldn't be losing your life savings. A little education means there wouldn't be threads on Reddit about committing suicide - exact same things happened during the 2008 crash.

I honestly hope @built is joking. No one, especially me, wants to see people with potential get destroyed. @built if what you are saying is true, you have to take this lesson and get back up and use that fire to attain even higher heights. Get knocked down and get back up again.

Crypto isn't going to save you guys.

All this information is freely available - INCLUDING the Fed still plans on 5 more rate hikes this year ALONE. That means money is going to be less available because it will be more expensive than what we are used to - for everything: Real estate, crypto, stocks, bank loans, construction projects, bridges, small business loans, everything, literally everything.

So when ask "Where is they money going to come from?" "The Whales" and "You're just a hater" are clear deflections. Cause you guys don't want to answer the question on purpose, because you can't deny data, that's freely available.

Hope doesn't mean a god-damn thing if you can't buy milk or gas for your car, and that's what the masses are facing right now.

I'm here simply stating, "Hey there is an Iceberg up ahead. AND we haven't even STARTED hitting it!" Do with that information whatever you want.

And that little "recovery" to $30K doesn't mean anything, because the whole system is about to get hit and things are going to get a lot worse. How people don't see all the cracks in the foundation is beyond me, cause it's clear as daylight.

Yeah I already know the responses "You're just a hater."

For everyone else:

WX9qW.jpg
 
That's little "recovery" to 30k was almost embarrassingly visible by analyzing volume DAYS before, along with that run to 31k , did you see it? I did mention it. Is it going to rip back to 50k? Don't care. 100k? Don't care. I care about the fact I can read volume/volatility and map out levels to trade, no matter where the price is and I keep position size of each trade super small to never get Rekd with sudden volume rushes/volatility spikes. Definitely not looking for BTC to be some hero of the day that's going to buy me that jewel encrusted walker with ground effects to impress the neighbors with in my golden years. I trade stocks mostly, same volume based strategy. If I was going to be long in anything right now it would be USD. I'd recommend "A Complete Guide to Volume Price Analysis" by Anne Couling (https://www.amazon.com/Complete-Guide-Price-Analysis/dp/1491249390) for anyone who wants to understand what volume can really tell you and how to use it. You can either see builds and breakdowns in volume, understand the difference between accumulation/distribution and shit like news hype volume or you can't, It's a skill like anything else and one of my main focuses as a trader because it's so powerful. Who fking cares what the price is, find the 1.5% push ups and rinse/repeat. If you're worried about your trade/investment, your position size is too large...
 
long in anything right now it would be USD
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I hate this thread, but I like when people say smart things.
 
CCarter said:
I'm here simply stating, "Hey there is an Iceberg up ahead. AND we haven't even STARTED hitting it!" Do with that information whatever you want.

And that little "recovery" to $30K doesn't mean anything, because the whole system is about to get hit and things are going to get a lot worse. How people don't see all the cracks in the foundation is beyond me, cause it's clear as daylight.

Yeah I already know the responses "You're just a hater."

For everyone else:

WX9qW.jpg
Click to expand...

Yeah but the reality is, there's still money being made.

I got out.......................... with a profit.. simply reading the downward trend and i sat back and have been watching.

Had i made a play on Solana yesterday, would have made like 20% ..................

Your information is good for anyone who can't see, THE EASILY READABLE TRENDS of a crash giong on........... but i dont think/hope the audience here on BUSO is that uneducated.

And the other part, short term or Long term ? ? ? Did Your information had no expiration or target date, nor target price. You're basically tossing a needle in haystack if not. Everything will rise and fall. NORMAL.

This stuff will come back in time.

All markets are down. It's not just cryptos.

I believe regulation will happen though and i think the volatility that's made playing gaps an amazing opportunity, will be lesser
 
EyesExist said:
You're basically tossing a needle in haystack if not. Everything will rise and fall. NORMAL.
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Alright, I give up with certain sectors of the bitcoin religion.

For everyone else, hold your butt cheeks tight, cause it will be hell of a ride.

Anyone seriously about bitcoin is looking for a needle not in a haystack, but in space. A needle in space. RIP Kevin Samuels, logging off. Godspeed, and God bless.
 
CCarter said:
For everyone else, hold your butt cheeks tight, cause it will be hell of a ride.
Click to expand...

i bought some Depends just in case... its going to be a bad one. I been picking up what you have been putting down bro.
 
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New trading
SmokeTree said:
All this is fine and good if we're just talking about investing. I'm still going to hold that this is accumulating around 30k and should rip to about 31-32 then 34. I'll be thinking 13k first then 3k if it breaks under 26.4k but till then the same idea applies IMO. At any rate, pays to at least keep an eye on the 5m chart and maybe buy into a sudden knife up if it happens or look for that break under 26.4 to volume death.
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I hope someone was looking and got in that last one right now. This thing is still and has been accumulating at 28-30 and the price action is whipsawing. Bigger players see the levels and are trading them, volume shows that and I tried to explain it. Of course I'm hip to what happening of the Fed, news, economy, etc but ya gotta remember, no matter what the price or world situation is, someone is making money off of this, either on the long or short side and there are always levels, ALWAYS. Back in the pit trading days you could see faces and emotion. Now there is just volume and price.

Y'all are doing this with Google and you know nothing with Google lasts and you can't really predict the direction it's going to take 100% but with enough data you can get pretty damn close. One of the biggest metrics is search volume over time, think about that. Current BTC chart... I won't trade here (too high, not enough volume), in fact I think it's most likely going to crash back to 30 then have enough downside volume to take it under 30. Upside plan is this rips to 32 but I just don't see it right now. That can change in minutes if this volume keeps building like it is. BTW - If you're not interested in trading the intraday charts none of this is going to apply. None of what I say is going to mean a thing for long term investments, unless you really zoom out and look at volume over time. That will reveal the whales, no way it can't.
n0TBLm8.png
 
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Still in, plan to stay in. Bought some small bags on the dip. I'm only invested in the projects I did my own research on and I know this is for the long run. I flipped NFT pfp's last year for nothing to brag about profits, but I'm out on those altogether. This is a shake out, and it's healthy. Some sorry souls lost a lot in the whole Luna fiasco. The general feeling is there is one last big run-up this year before sheltering in place.
@eliquid for some reason Coinbase pro desktop has either zero or low fees to transfer alts out or cashout to fiat bank deposits. The phone app is rape.
 
BTC? Ethereum? SOLANA? DOGE? SHIB?

Which of these will have a bigger bounce back ?

And do you all think a lot of coins will be gone by next year?
 
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My bet is on ETH and MATIC (Polygon) ...

• The use-case of these for Web3 apps and for the fundamental concept of non-custodial, programmable trustless consensus is something that I really like;

• Also, a possible catalyst is ETH's the "Merge", barring any delay that the ETH team is quite notorious for regarding network upgrades, which is scheduled to happen in the next few months;

• Polygon's much cheaper gas fees and quicker processing time than ETH's is another thing that I really like, i.e. Polygon does this by being a side and sister chain integrating with ETH's blockchain and doing rollups; and

• Other possible catalysts is Polygon's partnership with Meta for Instagram's NFT marketplace (Meta announced and started testing this with a select private group of U.S. content authors a few weeks ago), along with other things Polygon's continuing to do to scale up partnerships with the gaming industry and to entice more devs to create decentralized games and apps ...
 
Check the BTC chart. Volume is indicating breakdown test to lower levels. If this doesn't pull back sharply back to the 28-30k range it was (with tests of 31-32) this is absolutely heading to 25k. Look at volume because right here right now in about 15 minutes is do or die and you can catch the ride up maybe...

Update - not looking good at all. This thing is just getting eaten alive currently in volume death spiral. Maybe Elon, Shark tank guy or some other high profile money person will help prop it back up but this has been traded and wrung out at 28-30k and was wearing out its welcome. Test for 32k failed bad, now is not the time and it was just to shake out the rest of the sellers any way, not to stay there (volume didn't support candles). Folks that are holding, consider your escape plan. You can stop the bleeding and re-enter, or ride this out and get rekd for a bit. This isn't FUD, it's just what's on the chart, take a look. Under 25k, I'm targeting 13k personally.
 
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New BTC price target 13k. New DOGE target 0.01. I don't see the upside volume to prop this back up, it has to come from new money and it's not there. I'm really sorry for the investors that never learned to buy/sell at levels and just kept letting their investments dwindle thinking something magical was going to come around "cause it always has". I had 2 friends lose almost everything because they had too much of an ego to just get out, eat some losses and re-enter when things look favorable. No one holding right now is going to get the "last laugh". They'll just get all their loses back, while the smart traders/investors will only buy in when the chart looks good, not what the agenda based news/alerts/analysts say. Volume precedes price, remember that. If you're able to short BTC, now would be a good time to consider that.
 
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Looking at BlueChips only BTC/ETH. If you had dry powder cash on the sideline that is not needed for anything else in life but to invest, I would be looking at entering a little and then DCA downward. ETH has the potential to 10x+ this year at $1,200 with a merge to POS and BTC $23k 3x+. The market is so sold that next month a recovering CPI# or a peace deal this summer will release the flood gates. **Not financial advice just IMO
 
@SmokeTree
People laughed at me when I said 'better to take the big profits' when you can.... re-enter low .......

But i won't lie, I could never have expected what's going on now. BUT, luckily I sold when i saw awkward down trends and just keep watching this free fall without much invested.

BUT I do think it will all come bck for the major coins.. but i feel/wonder how many coins will be around by this time next year
 
Wow. Another couple billions wiped out this morning..................... OOOOOOOOOOF!
 
BTC next support levels for me are 15k, 12.8k, 8.8k then 3.3k. At the current rate, DOGE should be about 0.046 by Tuesday morning (very possibly early) and I'm targeting 0.01 as possible bottom in weeks to come. I'm watching to see where the next trading levels are and it's really not clear yet so no trade till chart/volume says trade. So BTC either all of a sudden gets propped back up to about 21k from 18k in a high volume move that will look like it came out of nowhere or this will continue the volume death spiral.
 
Interesting prediction..............

Essentially he's saying Tether, Celsius, and Luna are going to rob everyone of their money b/c they will go out of business, with no way to refund

 
SmokeTree said:
So BTC either all of a sudden gets propped back up to about 21k from 18k in a high volume move that will look like it came out of nowhere or this will continue the volume death spiral
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Looks like we had option one. This is likely to trade at 18-20.8 now so I'd consider looking at playing off of support but only buy into a high volume run up with maybe a stop set at 17,859 or so. Keep stops super tight, small position size, decent Risk/Reward and all that to avoid a real bad time. If the death spiral continues (has to break under 17.5 IMO or else algo will prop it back), the support levels I mentioned in my earlier post would still apply IMO. This isn't a long term investors market right now, BTC is way too buried in historic resistance levels. Buy on strength, not alerts or opinions, especially mine.
 
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