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Glitch

Decoding the Crypto Market Dump on August 17, 2023Introduction: The crypto market encountered a significant downturn on August 17, 2023, leading to substantial drops in cryptocurrency prices. This article delves into the potential reasons behind this market event and offers insights from various angles. Possible Factors Behind the Crypto Dump: 1. SpaceX's Bitcoin Sale: According to the Wall Street Journal, speculation arose that SpaceX, owned by Elon Musk, might have sold its $373 million Bitcoin holdings. Given Musk's influence on the market, such a move could have triggered a cascading sell-off. 2. Regulatory Strictures: Global regulatory actions tightening the noose on crypto activities (e.g., banning mining, trading, and payments) have impacted market sentiment. These measures curtailed demand, liquidity, and escalated investor uncertainty. 3. Technical Glitches: Major crypto exchanges, including Binance and Silvergate, experienced technical glitches and outages. These disruptions could have sparked panic-selling and margin calls, eroding trust in the crypto ecosystem. 4. Emotional Market Sentiment: Psychological factors such as fear, greed, FOMO (Fear of Missing Out), and FUD (Fear, Uncertainty, Doubt) played a role in amplifying the market's volatility. Shifting sentiment from fear to greed, and now neutrality, underscores market instability. 5. External Shocks: Broader economic conditions and events like the Covid-19 pandemic, inflation concerns, fluctuating interest rates, and geopolitical tensions influenced demand for alternative assets. This likely altered investors' risk appetite and asset diversification strategies. Conclusion: The August 17 crypto market dump stems from a complex interplay of factors, including potential SpaceX Bitcoin sales, regulatory interventions, technical disruptions, emotional sentiment, and external macroeconomic shocks. While these insights provide a comprehensive understanding, remember that this analysis isn't exhaustive, and other variables could have contributed. This article does not offer financial advice; thorough research and analysis are vital for making informed investment decisions. If you have further questions, feel free to inquire. 😊
Long
by Gerdazi
CUP & HANDLE??Glitch found that his lowest low was retested multiple times at 0.90, great support and a starting point for a new cycle. Graphically GLCH gives the idea of ​​wanting to complete a CUP & HANDLE pattern, at this moment it stopped with a strong impulse at level 1.43, a zone of strong resistance due to an intermediate cluster already tested at the beginning of November. GLITCH was today one of the first to kick off a bullish day and if the market were to maintain a fairly positive trend I believe that this pattern can be completed even if not as aggressively as in the descent zone, reaching 1.65 and then unloading at 1.45 and using today's resistance as support, let's see ... this is the pattern I would like to see, if TOTAL and BTC.D help, GLCH has what it takes to pump another 20% this week. Further confirmation could be given by the MA 30 that if we could break it and use it as a resistance it would be the top Personally, I made a short trade with the 1.65 selling zone and in the event of a Sell a limit order at 1.45 has occurred, do not take this as advice absolutely but as my market hypothesis, make your evaluations. let's see what happens. What do you think about it??
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by Cryptodreamer88
THETA. P-Modeling Pt 2. End of Model B. Finding Model C. Welcome. This is Geometricc Linear Regression Modeling applied to THETA. This is Part Two of creating THETA's algorithm based on my theoretical methodology. Be sure to come back for updates! Hit that like button and let me know what you think. Model B has been rendered. Targets are active and in process. Model C is next. The idea here is to convince you, that what i am doing is not arbitrary but unique and useful. I know the immediate inclination is to doubt what I am doing. That is expected.. and understandable.. But human nature is unpredictable. And you never know when you can learn new things and be completely shocked at someones EXTREMELY insane ideas.. I like going against the norm.. being different is what makes you stand out.. So stand out from the rest. Understand that what I am doing is new. It is Theoretical. Thus being it is theoretical, take it with a grain of salt. I am certain i have found validity in what I am doing, so I will keep doing it. Despite any failures, or incorrect calls, or emotional builds ups only leading to disappointment. Is that not the fun of it? I found this stuff ultra fun and it works a good portion of the time it seems. But I am only human.. Humans make mistakes. When rendering a model in my algorithm, the proposition that upholds the belief theory is subjective to a degree. I chose the best place I THINK it would go. Period. I follow the geometry as I see it in my eyes. That is subjective. No A.I. in crypyto trading has the ability to have subjectivity. But I do. No A.I algorithm created has subjectivity, unless it is a hybrid that incorporates HUMANS into it's analysis. The human operator is the most important aspect in understanding the real complex nature of human emotion and its interplay in something like crypto trading; as all bots programmed to trade (are based on emotions, and desires of the HUMAN programmer). Thus bots although automatic, ooze the emotional desires of the human programmer. An observable behavioral phenomena, to the train eyed. The only way you can learn about my technique is to watch what i am doing. YOU WILL FIND THIS NOWHERE ELSE. As this is designed from scratch based off other research I am working on in my professional domain. This is a grand experiment, I thank you for all participating with me! Hit that like button, it lets me know you are watching like a ninja in the background! If you are confused how i got here.. Please go back and look at my charts. They are sequentially marked by Pt's for easy identification. As always thanks for looking, Glitch420
by Glitch420
GOOG: Go long at market open...I'm initiating a position in $GOOG at market open tomorrow. There was some kind of glitch, and the chart looks really funny, so I decided to post it for posterity. The folks at Zerohedge were gloating, looking at the stocks limit down after this glitch, it's actually just that, and in fact, trades that might have taken place were reversed as far as I know. Either way, price hit support -before charts got messed up- so it's a really reasonable place to enter a 10% long position in $GOOG once more. For reference, this is the way the chart looked on close: Happy Independence Day to all Americans, and remember to go long burgers... www.zerohedge.com Cheers, Ivan Labrie.
NASDAQ:GOOGLong
by IvanLabrie
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