Cryptocurrency

[DealorNoDeal]

I thought it was flattening the curve....

It's a good job CV doesn't behave like BTC, otherwise then we really would be in trouble.

[ChimpMaster]

FWIW, death cross has just occurred.

Bitcoincharts | Charts

I'm sure Scotty will be here in a moment to "correct" your analysis. An upside-down chart makes this a golden cross - time to liquidate all other assets and put ALL your cash into Crypto!

[scooterscot]

FWIW, death cross has just occurred.

Bitcoincharts | Charts

Look left.... Every time BTC made a death cross following a life cross the price action rallied upward, and it was powerful. It even did it after the collapse from the 2017/18 all time high

The chart below is the exit from the bear market of 2015. Almost text book of the last 6 months.

1) life cross

2) crashes below 200-week MA

3) Death cross

4) 80% rally in the price action


You'll look back on this month, ah March 2020, the month when I could have picked me up some BTC cheap as chips.

[DealorNoDeal]

Look left.... Every time BTC made a death cross following a life cross the price action rallied upward, and it was powerful.

This time might be different.

If stock markets tank again, I wouldn't be surprised if they take everything down with them, including crypto and gold.

This doesn't feel like a time to be bold.

[scooterscot]

I don't subscribed to the idea the crypto markets are aligned traditional markets. I do subscribe that all markets are a description of human psychology & emotion. For those of us that understand that, we can take advantage of that. (is it weird I first thought of Vorteil zuerst auf Deutsch?).

Consider also the crypto market <$165 billion. Traditional >$ trillions = they are not even in the same ball park.

[DealorNoDeal]

I don't subscribed to the idea the crypto markets are aligned traditional markets. I do subscribe that all markets are a description of human psychology & emotion. For those of us that understand that, we can take advantage of that. (is it weird I first thought of Vorteil zuerst auf Deutsch?).

Consider also the crypto market <$165 billion. Traditional >$ trillions = they are not even in the same ball park.

Agreed, there's little correlation. Likewise, between gold and stocks.

However, when there is a liquidity crunch, it just becomes a dash for cash across the board.

[scooterscot]

Agreed - for the most part the crypto market is made up of speculators and early long term investors, family offices. I'm not sure who from those groups is now needing the 'dash for cash', I'm certainly not one of them. Perhaps then margin calls on positions? Maybe... still the market size is tiny compared to the larger markets. Hopefully the weak hands are flushed out already. Europe's largest exchange, Bitstamp, only has around 2000 Bitcoins available between now and $11k, bonkers. There's no liquidity to satisfy any serious demand.

[scooterscot]

Not long to go now until lift off...

[VirtualMonkey]

I dunno man...rising price on decreasing volume. A less than impulsive upswing. Would expect to see at least 5.9k again first. I'm currently shorting...at least for now

[scooterscot]

I dunno man...rising price on decreasing volume. A less than impulsive upswing. Would expect to see at least 5.9k again first. I'm currently shorting...at least for now

You're a braver man than me.

Managed to gather a few sats over the last wee while - no one is taking them from me. Death grip applied.