Nickols

This is just my journal. Nothing to see here.

[Nickols @JustNickols]

@CrypticTrades_ Bro just take a look at USDC and USDT combined. Stablecoin market share changed dramatically so analyzing just USDT dominance doesn't make sense anymore.

[Nickols @JustNickols]

@astronomer_zero wait, you mean 60k is the bottom for this bear market?

[Nickols @JustNickols]

@CrypticTrades_ you sure?

[Lucas Michalek @lucas_michalek]

Ostatni raz powtarzam: Duża recesja jest blisko.

Nie strać głupio oszczędności bo niedługo będziesz ich potrzebował bardziej niż kiedykolwiek.

Nie straszę - 18 letnie cykle sprawdzają się z zegarkiem w ręku od ponad 200 lat.

Między innymi dlatego też uważam, że na kolejnym cyklu Bitcoina nie pobije on swojego ATH które ustanowił w poprzednim. - będzie to pierwsza ogólnorynkowa recesja którą przeżyje Bitcoin.

Nadchodzą złe czasy. Jesteśmy bliżej niż dalej.

[Nickols @JustNickols]

@benjamincowen this is the best you could write here today. Thank you!

[Nickols @JustNickols]

I’m putting my money where my mouth is, so I’ve already opened a small position - less than 10% of my target size. I’m going to add more step-by-step down to 72k, if we get there. The closer we get to the target, the bigger the size.

[Nickols @JustNickols]

Looking for some $BTC hopium, I noticed that our good old RSI is showing us the most likely scenario for the coming weeks. The weekly RSI is at levels not seen since the 2022 bear market lows. In fact, we are at the same level as the 2020 Covid crash and the 2018 bear market lows

[Nickols @JustNickols]

I believe we will see a strong reversal in the coming days, targeting at least the 84k CME gap. This low-liquidity weekly breakdown looks suspicious. It seems like Mr. MM wants to rekt as many players as possible. The $2 billion in liquidations is clear evidence.

[Nickols @JustNickols]

@Bartomi98894618 @Sykodelic_ xD

[Nickols @JustNickols]

@astronomer_zero Bro literally everyone waiting for 100k to abandon this ship and get back in one year after bottom is done.

[Nickols @JustNickols]

@Osemka8 You should analyze USDT and USDC together, as they make up almost the entire stablecoin market. USDT is only a part of it. It’s no longer 2020 — considering only Tether doesn’t make sense anymore.

[Nickols @JustNickols]

@wacy_time1 unfollow

[Nickols @JustNickols]

@BoogaBeras your chain is dead MFs! burn it all

[IT Tech @IT_Tech_PL]

Long-term Bitcoin holders are unloading into strength again.

This 30-day LTH distribution spike is one of the largest in the last 5 years, and these usually show up near macro tops, not bottoms.

• LTH supply is rolling over from record highs
• Spot trades well above LTH realized price
• Old coins are locking in big profits, not capitulating

Takeaway: this looks like late-cycle distribution and de-risking, not fresh accumulation.

Adjust your risk, not your hope.

Full chart and breakdown in the Weekly Market Report 👇

[Nickols @JustNickols]

complete annihilation of altcoins that have already been annihilated multiple times, or the fall of $ETH, which is not possible exactly because these stablecoins operate on the $ETH blockchain.

[Nickols @JustNickols]

To determine if the $BTC.D top is in or not, we don't need to look at the BTC.D chart but at the aggregated USDT and USDC dominance. Stablecoins steadily but surely dominate the crypto world, and we won't see BTC.D higher than 66%. The only possibility it could happen is...

[IncomeSharks @IncomeSharks]

@JacobKinge If people saw him win rate since the Big Short they'd stop caring what he says

[Nickols @JustNickols]

It can't be so simple, isn't it? $BTC