$ETH $450
what has impressed me about the move in $Eth is how it’s big brother #BTC was outperforming both $XAU & US 10’s Since the start of the year, but BTC dominance was declining. This move looks powerful. Here are two charts from my perspective give context #crypto
I would agree, players were as over-leveraged as claimed here but we moved in equal directions during this move up.
9.2 -> 8.2
9.6 -> 9.05
9.6 -> 9.05
If players were as over-leveraged, long liquidations would’ve wiped out our market.
The religion of Jesus was that he knew he was a son of God, and the phrase “son of” means “of the nature of,” so that a son of God is an individual who realizes that he is, and always has been, one with God. “I and the Father are one.”
@patricesaintcl3 2D and 3D bear divs forming too. If we sit here or go down over the next day or so they confirm and its time to put on your bathing suit. The water slide is gonna be fun. #liqs#liquid#liquidation
@zedtee3@BostonXpat@KeithMcCullough Was peter lynch smart and a good investor? I think the data says YES. One of my fav quotes: If you spend 14 minutes/year trying to predict the direction of the economy or interest rates, you’ve wasted 12 minutes.
$BTC
Last 5 months have conditioned people to short every pump, causing many to miss this 30% move.
Shorting dips in an uptrend is low probability, look at my feed in Aug-Sept I was longing pumps in a downtrend.
We're approaching a HH on the weekly.
Short the red, no sooner.
1/ Bitcoin vs the Coronavirus
A look at reaction times and correlations to explore if bitcoin may be trading like a risk-on asset (such as stocks) or a risk-off asset (such as gold or bonds).
Modern psych & research is doing a great deal to bring evidence, hard studies to that described by Christian mystics, enlightenment/nirvana, cosmic consciousness, Krishna/Christ consciousness--direct experiences of spiritual reality as a unitive whole, affirmed in NDEs & DMT.
@classicmacro This is somewhat akin to what some of my musician, painter and other artist friends tell me. You get out of school / conservatory and the first thing to do is unlearn it all. Intituion and common sense play a big role in life.
Follow up.
Say you are flat, looking at $BTC, and think price will revisit 2019 highs prior to halving. Here's some ways to long using fibs:
Setup 1: buy here at the -50%
Setup 2: wait for the -50% at 7800
Setup 3: wait for the -50% at 8000
Unsure? Split capital among the 3.