Crypto Mumbles
usually what happens after a dump like that is a slow bleed to sweep lows keyword: USUALLY I don't expect lower than 61k for now if that were to happen now with that information continue trading safe take care!
gave you btc movements from down to up
hope the analysis helped you out a bit there
micro analysis can be hard to give sometimes (hard to predict every single movement), so I usually prefer to give more macro ones
regardless, I'll try to keep you guys updated as much as I can
as always, NFA and DYOR in this channel
thanks for being a sub
cheers to CM
hope the analysis helped you out a bit there
micro analysis can be hard to give sometimes (hard to predict every single movement), so I usually prefer to give more macro ones
regardless, I'll try to keep you guys updated as much as I can
as always, NFA and DYOR in this channel
thanks for being a sub
cheers to CM
just an extended shakeout after sweeping highs
if you're selling now then...
ngmi
enjoy the dip!
if you're selling now then...
ngmi
enjoy the dip!
please stop buying the dips guys so we can go up soon 🥵
even with such dips retails are unfazed
whales aren't happy and wanna shake more of y'all out
https://twitter.com/glengoodman/status/1460549894339444741?s=20
even with such dips retails are unfazed
whales aren't happy and wanna shake more of y'all out
https://twitter.com/glengoodman/status/1460549894339444741?s=20
Twitter
Glen Goodman
The current #crypto market correction is caused by excessive optimism. Every time the leveraged bulls get flushed out, they start buying futures on leverage again almost immediately. Corrections last as long as it takes for most traders to start losing hope…
Forwarded from CM Huat Pals
heads up here,
I want you to keep this in the back of your mind as a note
given the recent dips and retails being unfazed, we will likely go deeper because a shakeout isn't a shakeout until retails start selling amiright?
if this distribution pattern plays out then we'll have a markdown to 52k area
the revisit might be a quick one, because I still stand by the view that the longer btc is suppressed, the quicker the expansion
time is running out!
also, 52k would be a pessimistic scenario
remember what happened in September -> people were calling for 37k btc but did it happen?
and why keep this idea as a note? because similar to the september scenario again, MMs like to paint a bearish picture before a 'sike'! gotcha!
(basically the supposed distribution didn't play out to 37k and prices spiked to ATH instead)
there are signs of accumulation in this range, so bias is still bullish
take care and #wagmi !
I want you to keep this in the back of your mind as a note
given the recent dips and retails being unfazed, we will likely go deeper because a shakeout isn't a shakeout until retails start selling amiright?
if this distribution pattern plays out then we'll have a markdown to 52k area
the revisit might be a quick one, because I still stand by the view that the longer btc is suppressed, the quicker the expansion
time is running out!
also, 52k would be a pessimistic scenario
remember what happened in September -> people were calling for 37k btc but did it happen?
and why keep this idea as a note? because similar to the september scenario again, MMs like to paint a bearish picture before a 'sike'! gotcha!
(basically the supposed distribution didn't play out to 37k and prices spiked to ATH instead)
there are signs of accumulation in this range, so bias is still bullish
take care and #wagmi !
CM Huat Pals
Is the same fractal going to repeat itself? Are we in a distribution that's leading to a bear market? Should I wait for the next dip @ 38-39k to buy? Rule One of Wyckoff: "Don't expect the market to behave exactly the same way twice." imo, rn smart money…
September scenario recap!
look where we are now 👀
look where we are now 👀
that's today
huzzah!
https://cointelegraph.com/news/vaneck-bitcoin-futures-etf-to-launch-on-cboe-on-nov-16
huzzah!
https://cointelegraph.com/news/vaneck-bitcoin-futures-etf-to-launch-on-cboe-on-nov-16
Cointelegraph
VanEck Bitcoin futures ETF to launch on CBOE on Nov. 16
The Chicago Board Options Exchange will start trading VanEck’s Bitcoin Strategy ETF on Tuesday, shortly after the SEC rejected VanEck’s spot Bitcoin ETF.
almost 500 subs!
thankful for each and everyone of you here
hope to bring more value to the table in the future
amazing community, lfg CM!
to the top with you,
cheers!!
thankful for each and everyone of you here
hope to bring more value to the table in the future
amazing community, lfg CM!
to the top with you,
cheers!!
"In the paper, Cantillon posited that the early recipients of new money entering an economy will benefit more significantly than those it trickles down to.
In other words, the "flow path" of the new money through a system matters."
interesting read 👍🏼
https://sahilbloom.substack.com/p/how-the-rich-get-richer
#reads
In other words, the "flow path" of the new money through a system matters."
interesting read 👍🏼
https://sahilbloom.substack.com/p/how-the-rich-get-richer
#reads
The Curiosity Chronicle
The Cantillon Effect: How the Rich Get Richer
A breakdown of what it is, how it works, and why you should care
we have our first winner!
https://www.coindesk.com/tech/2021/11/18/acala-wins-first-polkadot-parachain-auction-with-13b-in-dot-committed/
https://www.coindesk.com/tech/2021/11/18/acala-wins-first-polkadot-parachain-auction-with-13b-in-dot-committed/
CoinDesk
Acala Wins First Polkadot Parachain Auction, With $1.3B in DOT Committed
Parachain auctions saw almost $3.5 billion collected by 10 hopefuls, with Acala edging out Moonbeam for the first slot.
Crypto Mumbles
hmmm you reckon?
slight extended here on btc
looking for higher time frames should this play out
looking for higher time frames should this play out
if you're interested in making a moonbag
grab some POLK on kc
small amounts and let it run for you
small amounts because it's a riskier small cap play
similar to LSS and BLOK
enjoy!
grab some POLK on kc
small amounts and let it run for you
small amounts because it's a riskier small cap play
similar to LSS and BLOK
enjoy!
here's an upcoming project to keep an eye on that fits the narratives
Monkeyball
MonkeyBall is the next-gen esports metaverse game.
MonkeyBall combines high-production value, multiplayer gaming with Solana blockchain, NFTs, and decentralized finance to deliver an exciting, turn-based, play-to-earn soccer game that’s easy to learn yet hard to master.
The IDO/IGO Will happen on the 30th of November and registrations open on the 27th.
https://twitter.com/monkeyballgame/status/1461334163928276994
Monkey Ball: Website | Telegram | Twitter
cheers!!
Monkeyball
MonkeyBall is the next-gen esports metaverse game.
MonkeyBall combines high-production value, multiplayer gaming with Solana blockchain, NFTs, and decentralized finance to deliver an exciting, turn-based, play-to-earn soccer game that’s easy to learn yet hard to master.
The IDO/IGO Will happen on the 30th of November and registrations open on the 27th.
https://twitter.com/monkeyballgame/status/1461334163928276994
Monkey Ball: Website | Telegram | Twitter
cheers!!
Twitter
MonkeyBall
For 28 days, 2 hours & 12 minutes the world has asked WHEN IDO. 🤯🤩 To the world we respond - November 30th. To the near 60K strong Monkey community - Let the games finally begin! ⚡️🔥🚀 Start your KYC now! Check it: bit.ly/323MtBa #blockchain $MBS
received some questions on what does this mean?
1. an increasing trend of liquid supply decreasing -> increasing number of people buying and holding
2. sharpest decrease in the past 3 years -> aggressive buying in the last 30 days
3. notice the timeframe from Q4 2020, with large decrease in liquid supply, price went up before the crash in may where btc was sold -> spike in liquid supply
with a decrease in supply -> increased scarcity -> assuming demand stays constant (no way demand will be constant), prices will spike
imagine an increase in demand due to retailers fomo-ing
where will we go?
enjoy your weekend CM 🍻
1. an increasing trend of liquid supply decreasing -> increasing number of people buying and holding
2. sharpest decrease in the past 3 years -> aggressive buying in the last 30 days
3. notice the timeframe from Q4 2020, with large decrease in liquid supply, price went up before the crash in may where btc was sold -> spike in liquid supply
with a decrease in supply -> increased scarcity -> assuming demand stays constant (no way demand will be constant), prices will spike
imagine an increase in demand due to retailers fomo-ing
where will we go?
enjoy your weekend CM 🍻