@benjamincowen What's concerning to me about ADA is that it simply cannot find a bottom to defend. New Lower lows to come. I'm grateful for your insight on ALTS or I would have HODLd my way into the poorhouse. I really like the community and the good that Cardano "says" it does. Short until QE.
@benjamincowen For the foreseeable future, RISK-OFF will continue until there is a need for a quantum economic shift. The bond higher yields are a direct result of the devaluation of the debt they are trying to sell, nothing more. Look for BTC to test Nov lows as liquidity evaporates further.
@benjamincowen The DXY has found support at 99 and rebounding strongly. Add continued QT by the Fed and continued higher yields on bonds due to the deterioration of debt value, simply provides a RISK-OFF environment. The recent 31.8K high from BTC correlates directly with the USD valuation
@benjamincowen It's never easy when you go against the popular trend to say everything is great. The reality is, it isn't and there is a significant risk for BTC as it has broken support to the downside. When BTC breaks horizontal support at 25340 significantly, the door is open to 18300K.
@RealVision@biancoresearch@maggielake JIm, maybe you could give the cliff notes on your latest podcast with regards to liquidity and the effects of the Fed's most recent actions.
@benjamincowen Laughing! What doesn't make sense to me is this pause. It's hard to believe such hawkish speech when they pause. It's like the little dog who barks a lot!
@ITC_Crypto@benjamincowen It leaves me speechless just how brainwashed SO many are in not heeding the warnings about ALTs in this environment. The driving greed is strong. Simply put, there's not a lot of demand to buy your shit coins when BTC drops. DCA in a bear market doesn't work esp when it hits zero
@CNBC Cutting through all the noise, the reality is that Crypto is a new asset class, and being so, needs the appropriate laws in place that govern it properly. It is naive to think that laws that are already in place to cover something that was never in existence are foolish #BTC#ETH