ThatCryptoGuy

Home builder🏠, market junkie🏛️, crypto investor📈. Using market data/technical analysis to assess trends. Nothing I post is financial advice. It’s my opinion.

[ThatCryptoGuy @ProofOfMacro]

@buddy6buddy @KobeissiLetter Is it though? Or are they just changing the way we measure it 😬

[ThatCryptoGuy @ProofOfMacro]

@Barchart Yet somehow gas just dropped .20c/gal at my local station. I’m sure it’s not manipulation. Nothing to worry about…

[ThatCryptoGuy @ProofOfMacro]

@Barchart Why not just make them more expensive? We can inflate the debt away with no consequences right? … right?!

[ThatCryptoGuy @ProofOfMacro]

When corporations have super low interest while the government has to fork up more and more, rate hikes don’t matter as much. Corporations already locked in the cheap lending.

So Warsh hiking rates just means the gov is shooting themselves in the foot. May not slow the economy like they’re hoping it will.

Wild times…

[Lyn Alden @LynAldenContact]

If you want fiscal dominance in a chart, here it is.

[ThatCryptoGuy @ProofOfMacro]

@natebridges51 I mean I guess my point is… that’s why it makes sense! XRP can follow general crypto flows mostly while a brand new ETF sees institutional (and retail) inflows!

[ThatCryptoGuy @ProofOfMacro]

$QNT looks like it wants another leg up.

This is insane. After a dip twice back down to the $230 range, QNT has held up extremely well. Spot buying aggression (below price) is basically running sideways while futures CVD (below spot CVD) is starting to aggressively sell again.

The kicker? Funding is deeply… deeply negative, and OI is holding up.

Shorts are in heavy now and paying a lot to stick around. If price breaks down from here, they made the right call. But if price starts to rocket again, another squeeze is on, and that’s a lot…

A lot…

Of fuel. QNT to $500?!

[ThatCryptoGuy @ProofOfMacro]

@zerohedge Stfu no one tell him.

[ThatCryptoGuy @ProofOfMacro]

@GrantCardone The last time Bitcoin was this high was earlier this year and it crashed from there. Same thing happened at $88K, $89K, $90K, and so on.

Really insightful.

[ThatCryptoGuy @ProofOfMacro]

@saylor @Strategy What happens to financial engineering when bitcoin goes back down? Explain how that will affect volatility.

[ThatCryptoGuy @ProofOfMacro]

@coinglass_com Are you feeling nervous? Are you having fun?

[ThatCryptoGuy @ProofOfMacro]

@benjamincowen Offering free money to Americans but he can even keep the chips and salsa free. Damnit Trump.

[ThatCryptoGuy @ProofOfMacro]

@BitcoinTeacher_ Large labor news drop, repositioning for the weekend as longs are flushed from PCE/unemployment build up, then ride into a low liquidity weekend.

Makes sense to me.

[ThatCryptoGuy @ProofOfMacro]

I would love to see XRP be the baseline for credit ventures around the globe. LPs may finally have a reason to hold XRP, which would actually benefit price. But can someone please explain why:

1. Ripple based news is all around RLUSD. They barely mention XRP anymore unless it’s retail facing.
2. The acquisitions they’ve made over the past years set them up better for their stablecoin side of operations, not necessarily XRP. No LP geared acquisitions.
3. The biggest news in the US XRP has gotten lately is being slapped on more retail venues such as sports programs. Nothing to do with institutions.

I’m not saying Ripple is trying to pull the wool over the public, I personally have a large position in XRP and believe in the company. I also understand XRP has a valid use case. But you can’t help but realize RLUSD and XRP are at odds with one another, and so far, Ripple seems to be pouring their company into much more development around stablecoins. Doesn’t look great when Ripple owns such a large portion of XRP, and has openly commented on using it to support business growth 😬

[ThatCryptoGuy @ProofOfMacro]

@cryptorover Funding at -.002 is like super neutral bro… this is a nothing burger 🍔

[ThatCryptoGuy @ProofOfMacro]

@FredWick7 Don’t fade the duck 🦆

[ThatCryptoGuy @ProofOfMacro]

Not manipulation necessarily. It was a positioning move, more about liquidity. Track with me…

Price pumped leading up to labor numbers, the move was already priced in ahead of time. Open interest had been climbing with futures CVD and price for two days leading up to that, especially after PCE dropped Wednesday.

So it kind of made sense. The set up was there. OI jumped and even more longs piled in on the labor news, which is a set up for MMs to long squeeze. Which they did next… which is just standard protocol usually to chase liquidity.

OI reset a little, but generally it’s still building from being in a two week channel. I’d like to see price hold the recent flush low, and funding drop, to see potential for a short squeeze next.

[ThatCryptoGuy @ProofOfMacro]

@TedPillows Buying gold, buying bitcoin, wtf US? I guess we’re gonna let China win crypto too.

[ThatCryptoGuy @ProofOfMacro]

😂 so true. Saddest part is I started a handful of trading bots. Which one’s the best you might ask? The one that shorts a Binance listing shortly after it hits the market and covers 48 hours later. In a couple months it’s up 50%. 😆

[Googly 👀 @0xG00gly]

We need Binance to list the US10Y perps ASAP to save the markets