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@Allemaalpannenkoeken i don’t believe it’s retail’s panic buying that pumps the price of crypto at all. This entire market pumps and dumps at will. I’ve watched this market pump without any real liquidity going into the market.
This "out of sync" action has little to do with historical TA. I'm not saying this to crap on TA. Global economic warfare has broken historical charts. Retail is chaotic because institutional action appears chaotic.
I think the deviation / correction had to be due to the German gov selling. The selling pressure took it out of normal range. Otherwise we wouldn’t have dropped out of the range.
Couple thoughts The traditional market will take profits and transfer into bitcoin then feed the crypto cycle. So doesn’t it make sense that the de-correlation will start to unfold? And alt coins, well they’re going to follow bitcoin and provide bigger returns than bitcoin right now within the 4 year cycle, so what’s the concern about alt coin markets? Short term losses? Who cares when you’re holding to fulfil the 4 year cycle and crypto asset transfer? (Bitcoin to eth to alts)
Jump to 1:30 and check summer 2021 correlation. People were freaking out there too. There Tesla sold, here Germany. We have the same scenario playing out, same. I was there and can confirm it was the same. Here it's scarier because of higher price range but it is the same, then we were fearing bear market collapse. Don't fade BTC and alt season!
I think the reverse correlation is simply large players doing a pair trade between between BTC and NVDA/TSLA. The recent dump/pump action has built their BTC bags, now it's time to pump BTC back up, dump on retail and rotate back into some other asset.
Hence the words "generalized scale" I think it would be quite irresponsible of me to shill meme coins to my audience when 99% of them end up rugged I think what you mean is "some popular meme coins have outperformed btc" - and as a response to that I refer you back to the first line
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I think we pump and the crowd waiting for 52k-55k will help us push this 75k resistance on a huge Panic Buy :)
I completely disagree but anything is possible.
If i want to buy at 52 It not means 72 😂😂😂
@Allemaalpannenkoeken i don’t believe it’s retail’s panic buying that pumps the price of crypto at all. This entire market pumps and dumps at will. I’ve watched this market pump without any real liquidity going into the market.
This "out of sync" action has little to do with historical TA. I'm not saying this to crap on TA.
Global economic warfare has broken historical charts.
Retail is chaotic because institutional action appears chaotic.
TA is not a science. If there would be another epidemic non of these astrologers can't predict it. Nothing is bound by certain rules they made up.
ETH spot etf tomorrow..
I think the deviation / correction had to be due to the German gov selling. The selling pressure took it out of normal range. Otherwise we wouldn’t have dropped out of the range.
It maybe simple money flow between markets? ... No new money is coming in? 🤔
The fact that total 3 is still nowhere near 1T means alts either have a long way to go ooooor big correction first
We need to form a flag or pennant to get out of that bearish rising wedge
The lack of volume is bothering me. And on the 3D all I can see is a lower high, lower low, lower high, lower low formation….
Seems weird to pump already
Was anxious to hear your thoughts thank you sir
No hat again…FeelsBadMan
The hat shall return when it is least expected
Weird ? Spot ETFs are new to Crypto.
Couple thoughts
The traditional market will take profits and transfer into bitcoin then feed the crypto cycle.
So doesn’t it make sense that the de-correlation will start to unfold? And alt coins, well they’re going to follow bitcoin and provide bigger returns than bitcoin right now within the 4 year cycle, so what’s the concern about alt coin markets? Short term losses? Who cares when you’re holding to fulfil the 4 year cycle and crypto asset transfer? (Bitcoin to eth to alts)
Jump to 1:30 and check summer 2021 correlation. People were freaking out there too. There Tesla sold, here Germany. We have the same scenario playing out, same. I was there and can confirm it was the same. Here it's scarier because of higher price range but it is the same, then we were fearing bear market collapse. Don't fade BTC and alt season!
interesting! - based on that scenario, what comes next in the cycle ? more down side or parabolic moves? Thanks!
thank you for the excellent insight wolf 🐺
Straight facts always!! 👍
I think the reverse correlation is simply large players doing a pair trade between between BTC and NVDA/TSLA.
The recent dump/pump action has built their BTC bags, now it's time to pump BTC back up, dump on retail and rotate back into some other asset.
Or they could go another round of the BTC/NVDA trade and we'll see BTC take another dive and the stocks go back up.
Then rinse and repeat.
Recently we've also seen the DXY and dollar/yen going up and BTC not going down.
Its not out performing meme coins pull up a chart.
Hence the words "generalized scale"
I think it would be quite irresponsible of me to shill meme coins to my audience when 99% of them end up rugged
I think what you mean is "some popular meme coins have outperformed btc" - and as a response to that I refer you back to the first line
Interesting video Wolf
Traditionally October and November best months for bitcoin
SOL>BTC growth. There I said it.
fta
Bulltrap
Short it then 😅