The recent action in $BTC has understandably gotten everyone excited, but there hasn’t been a lot of discussion on why. The USD is strong, the stock market is strong, gold is bid, why the sudden interest in crypto? The reason, as I see it is China. To understand why, READ THIS ARTICLE by the anonymous […]
Slow drift downward, vol drifting downward… If I was a betting man, I wouldn’t be long here.
Not buying this rally… Yet. VOL is declining since Dec 18th when this short squeeze started. But shorts have been climbing, only back to previous level, as the price increase is petering out. I think this is almost all traders. If organic buyers don’t step in here, I think we see another leg down.
I’ve been watching this pop in ETH while simultaneously punching my FOMO in the face (Trust me: It deserves far worse). Here is a comparison of price/shorts of this last five day move (that has CryptoTwitter all excited): Yellow area = Shorts covering (taking profits). Price picks up. Retail gets excited, buys the move. Green […]
Good report by https://www.markiteconomics.com/Public/Home/PressRelease/4309c89c183b4589a7e788f7ec23b76f?hootPostID=077680eed9e0620fe368bfd2eb2e7b0e Proving again that every central bank is just like Zimbabwe’s, it’s just a matter of degree.
TL;DR: Fed is going to keep rates low, it’s trapped. This will give some relief to crypto (and everything else), b/c IT’S. ALL. ABOUT. THE. USD. In fact if it wasn’t, there would be no need for $BTC. “The Fed Is Blinking In Front Of Our Very Eyes” https://www.zerohedge.com/news/2018-11-19/fed-blinking-front-our-very-eyes-nomura-calls-end-normalization
“TechCrunch recently posted a fascinating chart of the monthly count of global VC deals that raised $100 million or more since 2007. According to this chart, a new “unicorn” startup was born every four days in 2018.” https://www.zerohedge.com/news/2018-11-16/startup-bubble-derivative-stock-market-bubble Note the same thing happened in Crypto with ICOs. As $BTC mooned, so did ICO activity.