Worthlesscrap
Crypto is dead, will hold 8k or completely die.Crypto is dead, will only hold at 8k (mining cost) or completely die.
I was pretty bullish on crypto with 'Wall Street' accepting it (I had a quarter of my portfolio in crypto).
But with China's new aggression towards crypto, it will continue to crash or even die. As most mining infrastructure, the majority of crypto assets and the largest trading platforms are located there.
Coinbase to open at <225, to crash to 150 in coming daysCrypto is crashing, coinbase to go with it.
The high sell volume is good for their revenue, but they won't have enough cash to cover, will either have to block outgoing fiat or take harsh loans.
Coinbase has already stopped free transfers with nicehash.
Coinbase is one of few with easy fiat out, it will have great inflow of crypto but no way to get rid of it for their clients.
Why is crypto crashing:
Over ran.
China, said no more crypto trading. Worlds largest exchange and over half the crypto market is Chinese.
Fed is investigating crypto exchanges.
Musk agreed it's bad for the environment, stop accepting it, and is likely dumping.
There's almost no where to actually spend crypto, and the few place that do take crypto payments for tangible goods, usually use an intermediary, that immediately gives fiat to the seller.
Gaulde further downside expected Rippp GoldbugsAt least goldbugs got ponzicoins to believe in now. Oh nevermind they are all down 90% from ath.
Didn't trade that one as I was not 100% sure it would reject.
I think I missed 3-4 profitable trades on gold past month.
But at least now I am more sure of how it acts. Next time...
Anyway, there are no 100% EW count now, it would just all be speculation, so won't bother. Let's see where gold goes next.
But I think there is at least another leg down.
If gold goes up next resistance I short it there. Not right after a big bull break of 20MA thought. Not sure lol maybe I just miss it again then.
Piss off content creators till they shoot you in the face :)It's all over for stocks.
Google shouldn't be an exception, and the ridiculous exponential climb has come to an end as we have seen already, and we can see for this particular stock we have lost the support, we are right below it now, now would be a good time to go short, but maybe let the daily RSI recover first? A bit.
A last bounce is possible test that line one more time before going down the giant aqualand slide weeeeee!
Euphoria's over now is time for your harsh lesson bulls!
Ez pz.
+++ I have no idea what I'll doing. +++