Sunday Update 7/19
I still prefer being patient here. It doesn't seem like a place to force a trade in either direction, but we're getting close to some levels where I think the risk/reward becomes attractive.
I attached some charts (BTC/ETH/SOL/HYPE) with the levels and ranges I have marked out, along with alerts for if/when they trigger and some potential trade ideas around them. For BTC, I'd really like to see us trade back above $66K. For SOL, reclaiming around ~$80 would also be a really nice long setup imo.
Outside of the charts, there's been some renewed escalation with the US-Iran situation. I haven't really been paying much attention at this point since I think the main trade was already in crude oil (CL), which is up about 25% over the last few days.
TL;DR: Still shitty summer price action, waiting for not only easier but better conditions. Btc’s price action makes it difficult to find any trade in alts either
I still prefer being patient here. It doesn't seem like a place to force a trade in either direction, but we're getting close to some levels where I think the risk/reward becomes attractive.
I attached some charts (BTC/ETH/SOL/HYPE) with the levels and ranges I have marked out, along with alerts for if/when they trigger and some potential trade ideas around them. For BTC, I'd really like to see us trade back above $66K. For SOL, reclaiming around ~$80 would also be a really nice long setup imo.
Outside of the charts, there's been some renewed escalation with the US-Iran situation. I haven't really been paying much attention at this point since I think the main trade was already in crude oil (CL), which is up about 25% over the last few days.
TL;DR: Still shitty summer price action, waiting for not only easier but better conditions. Btc’s price action makes it difficult to find any trade in alts either
👍4❤3
ZCASH’S IRONWOOD UPGRADE GOES LIVE, REQUIRING USERS TO MIGRATE FUNDS FROM THE LEGACY ORCHARD SHIELDED POOL TO THE NEW IRONWOOD POOL
GM, FOMC later today
Rates @ 2PM EST
Presser @ 2:30PM EST
This is the most split I've seen the decision be in awhile at 65% to 35%, seems like the reason why the markets have suffered a lot recently mainly equities where as BTC has held up relatively well. IMO I think there will be no change/no rate hike and both markets should react well to it, especially stocks like $MU $SNDK and Skhynix that fell a lot on earnings yesterday. Let's see what comes.
Rates @ 2PM EST
Presser @ 2:30PM EST
This is the most split I've seen the decision be in awhile at 65% to 35%, seems like the reason why the markets have suffered a lot recently mainly equities where as BTC has held up relatively well. IMO I think there will be no change/no rate hike and both markets should react well to it, especially stocks like $MU $SNDK and Skhynix that fell a lot on earnings yesterday. Let's see what comes.
❤5
Back to selling from Saylor but only $100m from him again, idk why he won’t just rip bigger sells but once again it was to pay off STRC dividends. It feels like if it’s just $100m every time, like once a month or whatever the market impact is nonexistent tbh
Telegram removed from the Apple App Store worldwide
just saw this late but was a free ton short
just saw this late but was a free ton short
❤2
STRATEGY SOLD 1,690 BTC ($108.6M) AT AN AVERAGE PRICE OF $64,262
https://www.sec.gov/Archives/edgar/data/1050446/000119312526341297/0001193125-26-341297-index.html
https://www.sec.gov/Archives/edgar/data/1050446/000119312526341297/0001193125-26-341297-index.html
❤1👀1
Very lackluster BTC flows this week, seems to be the main reason for the weakness in the price action lately. Not much has really happened here (chart attached) I have this ranged marked out and we’ve been in it since late may at this point. Summer months coming to an end and hopefully volatility picks up going into Sept/Oct and we can get a lot of more trades in here.
❤4
*SEC ISSUES CRYPTO-ASSET REGULATORY PROPOSAL
*SEC PROPOSES LETTING CRYPTO PROJECTS SELL TOKENS TO RETAIL INVESTORS
*SEC PLAN COULD REVIVE ICO-STYLE FUNDRAISING IN U.S.
*CRYPTO STARTUPS COULD RAISE UP TO $5M WITHOUT FULL SEC REGISTRATION OR INVESTOR CAPS
*SEC PLAN WOULD ALLOW PUBLIC TOKEN SALES WITHOUT RULE-BASED RESALE RESTRICTIONS
*LARGER CRYPTO PROJECTS COULD RAISE UP TO $75M A YEAR UNDER SEC PLAN
*SEC PROPOSES LEGAL PATH FOR TOKENS TO LEAVE INVESTMENT-CONTRACT REGIME
*QUALIFYING TOKENS COULD EXIT REGIME AFTER ISSUER COMPLETES OR PERMANENTLY ENDS PROMISED WORK
*SEC PROPOSES LETTING CRYPTO PROJECTS SELL TOKENS TO RETAIL INVESTORS
*SEC PLAN COULD REVIVE ICO-STYLE FUNDRAISING IN U.S.
*CRYPTO STARTUPS COULD RAISE UP TO $5M WITHOUT FULL SEC REGISTRATION OR INVESTOR CAPS
*SEC PLAN WOULD ALLOW PUBLIC TOKEN SALES WITHOUT RULE-BASED RESALE RESTRICTIONS
*LARGER CRYPTO PROJECTS COULD RAISE UP TO $75M A YEAR UNDER SEC PLAN
*SEC PROPOSES LEGAL PATH FOR TOKENS TO LEAVE INVESTMENT-CONTRACT REGIME
*QUALIFYING TOKENS COULD EXIT REGIME AFTER ISSUER COMPLETES OR PERMANENTLY ENDS PROMISED WORK
❤1
Farzad
Very lackluster BTC flows this week, seems to be the main reason for the weakness in the price action lately. Not much has really happened here (chart attached) I have this ranged marked out and we’ve been in it since late may at this point. Summer months…
GM! We’re looking good for higher short term imo. Breaking out of the range now. I still just have the spot BTC from awhile back and some other coins I’ve held from before. Weekly close above $66K would be where I’d double down in BTC and/or other coins for much higher.