STRC is back at $97, two days after ticking around $90.5
Third time this happens during a significant BTC drawdown.
The MAIN factor that is moving STRC price is BTC price, by at least an order of magnitude.
Basically STRC holders start panicking when BTC goes down too much, and it leads STRC to go down around -10%.
What has always happened so far is that BTC and STRC bottom together, and once people expect the bottom to be in, STRC quickly recovers closer to peg.
The only thing that will change this dynamic is BTC price going down more, and not "the depletion the USD reserve" or "a loss of confidence in the model".
(Also ignore the idiots fantasizing a Luna-like scenario)
@toxiccapital@Mona_Trades >wake up
>see posts of thots that i dont follow
>scroll down
>parsa commented or retweeted or quoted
>mental breakdown
stop please
Hey guys, been a while.
Thanks for all the messages, thought I‘d shoot a tweet how the last +1 month has been.
Don’t know who wants or needs to read this, but here is a little story about physical and mental health.
$AU Morning Sells
🇦🇺|🇺🇸
1:3🔒
Market Maker Sell Model
Previous day high taken with price reaching in daily fair value gap
Harsh rejection of the M30 fvg
Entry on breaker targeting Wednesday's low
@rombi_trader Если обращаешь внимание, сознаешь что я редко выделаю сломы или MSB во своих графиках. Они вообще бессмысленны по моему.
Displacement цены которое пробивает support/resistance, и оставляет позади FVG в определенные периоды дня, это все что тебе нужно.