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Cryptos

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  • cabbles
    cabbles Posts: 15,254
    Anyhow, are we approaching that death cross as it is termed soon?
  • The Prince-e-Paul
    The Prince-e-Paul Posts: 6,688
    Just read this article. Christ, the article written from a woman known as 'Noor' could've been written by me. Food for thought!

    https://www.theguardian.com/lifeandstyle/2021/jun/19/life-savings-in-crypto-generation-of-amateurs-hooked-on-high-risk-trading
  • Covered End
    Covered End Posts: 51,982
    An excellent article which says at length what I have been saying for a long time.
  • FishCostaFortune
    FishCostaFortune Posts: 10,773
    Another bloody Sunday. 
  • cabbles
    cabbles Posts: 15,254
    FishCostaFortune said:
    Another bloody Sunday. 
    Standard now.  Let’s just see out the bear market and hold.  Just the way it is at the moment 
  • No.1 in South London
    No.1 in South London Posts: 3,960
    The financial markets have been over heating because the fed have been printing money like there’s no tomorrow. This printing will need to stop otherwise inflation will get out of control. But if the fed stops printing, the markets crash. If the fed keeps printing, interest rates rise and these ridiculously indebted and over leveraged markets crash, so either way ………… we’re in for a crash. Once it does, crypto’s will be be all the rage again……. timing will be everything.
    Reverse Repo purchases are up over $700 Billion daily, that’s crazy and is a good indicator of what’s just around the corner.
  • kentaddick
    kentaddick Posts: 18,729
    edited June 2021
    Bitcoin was created specifically because satoshi was pissed off at the banks for the 2008 crash. It will be interesting to see how the crypto market reacts to another economic crash. 
  • No.1 in South London
    No.1 in South London Posts: 3,960
    edited June 2021
    kentaddick said:
    Bitcoin was created specifically because satoshi was pissed off at the banks for the 2008 crash. It will be interesting to see how the crypto market reacts to another economic crash. 
    I expect it will get caught up in the panic, but another crash can only be long term good news for the future of Bitcoin and defi crypto.
  • cabbles
    cabbles Posts: 15,254
    No.1 in South London said:
    kentaddick said:
    Bitcoin was created specifically because satoshi was pissed off at the banks for the 2008 crash. It will be interesting to see how the crypto market reacts to another economic crash. 
    I expect it will get caught up in the panic, but another crash can only be long term good news for the future of Bitcoin and defi crypto.
    Agree.  Based on your posts it’s scary how much that reverse repo figure is 
  • The Prince-e-Paul
    The Prince-e-Paul Posts: 6,688
    £900 wiped off in last 4 days. That's £2200 DOWN. This Hodling lark isn't much of a lark, is it?  Hold fast is the only way from here. 
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  • kentaddick
    kentaddick Posts: 18,729
    Saw this in a telegram group I’m in yesterday. Interesting if we’re continuing this wyckoff action 
  • Rob7Lee
    Rob7Lee Posts: 9,593
    I think it still has further to drop.
  • No.1 in South London
    No.1 in South London Posts: 3,960
    cabbles said:
    No.1 in South London said:
    kentaddick said:
    Bitcoin was created specifically because satoshi was pissed off at the banks for the 2008 crash. It will be interesting to see how the crypto market reacts to another economic crash. 
    I expect it will get caught up in the panic, but another crash can only be long term good news for the future of Bitcoin and defi crypto.
    Agree.  Based on your posts it’s scary how much that reverse repo figure is 
    ……… and quarter end just around the corner…… will be an interesting couple of weeks ahead.
  • ChiAddick
    ChiAddick Posts: 1,781
    I'm buying the dip. Just not sure when the right time will be. That's the gamble.
  • NapaAddick
    NapaAddick Posts: 4,657
    Iron Titanium, an alt crypto backed by Mark Cuban, dropped 100% today, LOL!
  • cabbles
    cabbles Posts: 15,254
    NapaAddick said:
    Iron Titanium, an alt crypto backed by Mark Cuban, dropped 100% today, LOL!
    A lot of the Alts are getting smashed.  Although all mine have dropped quite considerably, I faith they will be okay again when things pick up 
  • BigRedEvil
    BigRedEvil Posts: 11,069
    NapaAddick said:
    Iron Titanium, an alt crypto backed by Mark Cuban, dropped 100% today, LOL!
    Isn't that the one which went from $60 to less than a cent last week? 
  • shine166
    shine166 Posts: 13,914
    BigRedEvil said:
    NapaAddick said:
    Iron Titanium, an alt crypto backed by Mark Cuban, dropped 100% today, LOL!
    Isn't that the one which went from $60 to less than a cent last week? 
    Yep 
  • Rob7Lee
    Rob7Lee Posts: 9,593
    edited June 2021
    Think BTC will be sub 30k by the end of the week. I'm still thinking sub 20k in a few months time. 

    Put a mirror in the middle of this;


  • kentaddick
    kentaddick Posts: 18,729
    Rob7Lee said:
    Think BTC will be sub 30k by the end of the week.
    Agreed

    Rob7Lee said:
    I'm still thinking sub 20k in a few months time. 
    Strongly disagree, we wont see sub 20k for another couple of years, the 20k S/R flip level hasn't even been tested yet and was a resistance for 4-5 years. 
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  • cabbles
    cabbles Posts: 15,254
    It’s the alts that are getting mullered.  Come on Zil, stay strong 
  • kentaddick
    kentaddick Posts: 18,729
    kentaddick said:
    Saw this in a telegram group I’m in yesterday. Interesting if we’re continuing this wyckoff action 
    Its quite freaky how this is playing out exactly like this.
  • Rothko
    Rothko Posts: 18,801
    waiting a bit more, then hoovering up some links, no rush, there's a bit more down to go 
  • kentaddick
    kentaddick Posts: 18,729
    Sub 30k now, entering my buy zone.
  • Rob7Lee
    Rob7Lee Posts: 9,593
    kentaddick said:
    Sub 30k now, entering my buy zone.
    I've been out since about 38k, I won't be entering again for a while I don't think.
  • cabbles
    cabbles Posts: 15,254
    Must be some sort of manipulation at play.  The thing is, if it can be manipulated to go down, it can be manipulated to go back up again…..some time in the future…..I hope ;-) 
  • cabbles
    cabbles Posts: 15,254
    Just got it’s head above $30k - Bull trap 
  • BigRedEvil
    BigRedEvil Posts: 11,069
    Reckon it will go lower this week? 
  • cabbles
    cabbles Posts: 15,254
    BigRedEvil said:
    Reckon it will go lower this week? 
    Who knows?  I can only imagine it’s this low because it’s being shorted.  I don’t know how much further those that are shorting it will drive it.  

    I also can’t see any retail investors coming in for it based on the volatility of the last month or so.  We need that reaccumulation phase of Wyckoff to begin 
  • kentaddick
    kentaddick Posts: 18,729
    Wyckoff spring. Run it back turbo. 

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