Forwarded from Watcher Guru
JUST IN: 🇺🇸 Kamala Harris is considering Gary Gensler as Treasury Secretary if elected President, according to senate sources.
@WatcherGuru
@WatcherGuru
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Watcher Guru
JUST IN: 🇺🇸 Kamala Harris is considering Gary Gensler as Treasury Secretary if elected President, according to senate sources. @WatcherGuru
Btw: I don‘t ever stand behind any politician. Also I will never endorse any politician. All I care in here is economics and crypto.
Disconnected from Trump, she is bad for our bags.
Disconnected from Trump, she is bad for our bags.
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We live in times where crypto dumps and TRX pumps. Everything is just so wrong about this market. TRX is supposed to be a stablecoin like it was since 2017
DiveInDefi
SPX looking decent here, 5483~ next resistance.
$SPX in case we break aths, I moved the green circle to the right as next target. This red line won‘t be broken.
DiveInDefi
Photo
Some thoughts...
All markets are scary as hell due to a risk of a giga 2008 like crash. This is why everything is moving so strangely and we have a pile of cash sitting on the sidelines.
I believe the real reason we are not jumping into a recession or having hard dumps (yet, got to see if it comes or not), is that nowadays the average joe is putting his lifesavings into stocks like nvidia as noone really has another option: Housing is skyrocketing, noone can afford it. Prices going crazy, the purchasing power of every normal person has been decreasing for years now.
So what you gotta do? Gamble your life savings because what else you wanna do with that money? Buy a house? Forget it. Buy a nice car? Maybe but that is literally the worse investment of all time and even 90 IQ ppl know that. Everyone with a bit of degeneracy and some economic know how invests his money.
Unfortunately, the constant printing is still outpacing the markets.
By the way, it is not the big hedge funds that are pumping the markets. In fact many of the have incrased their cash positions in the past months.
All markets are scary as hell due to a risk of a giga 2008 like crash. This is why everything is moving so strangely and we have a pile of cash sitting on the sidelines.
I believe the real reason we are not jumping into a recession or having hard dumps (yet, got to see if it comes or not), is that nowadays the average joe is putting his lifesavings into stocks like nvidia as noone really has another option: Housing is skyrocketing, noone can afford it. Prices going crazy, the purchasing power of every normal person has been decreasing for years now.
So what you gotta do? Gamble your life savings because what else you wanna do with that money? Buy a house? Forget it. Buy a nice car? Maybe but that is literally the worse investment of all time and even 90 IQ ppl know that. Everyone with a bit of degeneracy and some economic know how invests his money.
Unfortunately, the constant printing is still outpacing the markets.
By the way, it is not the big hedge funds that are pumping the markets. In fact many of the have incrased their cash positions in the past months.
Forwarded from CryptoQuant
Bitcoin OTC Desk Balances Soar to Two-Year Peak
“Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.” – Link
By EgyHash | @cryptoquant_official
“Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.” – Link
By EgyHash | @cryptoquant_official
We might see 1 more rejection on the 62k~ region. If we do, we must break 62k next or we are losing our momentum.
SPX rejected yesterday but closed on support. Today will be interesting.
SPX rejected yesterday but closed on support. Today will be interesting.
DiveInDefi
Break this and 64.8k next. LFG
As promised: rejected at 64.8k. Now we gotta see where we accumulate. This breakout was so easy to predict :)
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BTC has only dipped slightly so far. That is a very good sign that this is probably not over as sellers seem to be out of coins.
This accumulation range has lasted half a yeat already.
Most important levels are 64.8 and 69k.
I expect us to break 69k eventually and accumulate between 69 and 73k for a few days. Then we are ready for new highs.
We will need a few more weeks for new highs tho. Additionally, $SPX must at least stay in its high region or print new aths. This is what we need to look at.
For alts, I am not worried that they will have their time sooner than later if this plays out.
Most important levels are 64.8 and 69k.
I expect us to break 69k eventually and accumulate between 69 and 73k for a few days. Then we are ready for new highs.
We will need a few more weeks for new highs tho. Additionally, $SPX must at least stay in its high region or print new aths. This is what we need to look at.
For alts, I am not worried that they will have their time sooner than later if this plays out.