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.
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.
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.
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
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.
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.
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 ;-)
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
Comments
https://www.theguardian.com/lifeandstyle/2021/jun/19/life-savings-in-crypto-generation-of-amateurs-hooked-on-high-risk-trading
Reverse Repo purchases are up over $700 Billion daily, that’s crazy and is a good indicator of what’s just around the corner.
Put a mirror in the middle of this;
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.