Even though we didn’t nuke, shaky market still with a lot of shit happening today. On the brightside, biggest CEX Binance gets hacked for $5B+ and BTC -3% only. Don’t think just because CZ posts “funds safu” bottom is in etc, not worth the risk & uncertainty to get back in today.
Exploiter still doing stuff on one of their hot wallets still. ENA & PEPE were the two I saw that he has that can not be frozen so he was also dumping those.
Stay safe.
Exploiter still doing stuff on one of their hot wallets still. ENA & PEPE were the two I saw that he has that can not be frozen so he was also dumping those.
Stay safe.
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Weekly Market Recap 11/1 📊
Crazy last couple days and past week, but no real big change on the weekly for BTC. Like I posted last week, we basically just don’t want to break and close under $75K. Given we just had the biggest ever CEX hack and you can’t even really tell on the chart, I’d consider it a good thing. Some comparing this to FTX and saying how that was smaller and we nuked and that marked the bottom of the bear market and we 7.5x from there $16K > $120K, but that was way different scenario really and actual users lost money not just the CEX hot wallet etc. Either way I do think it’s a good thing we didn’t fall much from this.
S&P still at support on the daily and basically we just don’t want to break down here bc as we know crypto usually never be uncorrelated now if equities do fall a lot, maybe on LTFs but never like on big moves, we will always move with it. We do have midterms coming up could be a catalyst for markets. Hard to be bearish still, let’s see what this week brings.
Crazy last couple days and past week, but no real big change on the weekly for BTC. Like I posted last week, we basically just don’t want to break and close under $75K. Given we just had the biggest ever CEX hack and you can’t even really tell on the chart, I’d consider it a good thing. Some comparing this to FTX and saying how that was smaller and we nuked and that marked the bottom of the bear market and we 7.5x from there $16K > $120K, but that was way different scenario really and actual users lost money not just the CEX hot wallet etc. Either way I do think it’s a good thing we didn’t fall much from this.
S&P still at support on the daily and basically we just don’t want to break down here bc as we know crypto usually never be uncorrelated now if equities do fall a lot, maybe on LTFs but never like on big moves, we will always move with it. We do have midterms coming up could be a catalyst for markets. Hard to be bearish still, let’s see what this week brings.
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GM! Just missed this headline a little bit ago:
New CFTC Equity Perpetuals Approval Applicable Only To Currently CFTC Registered Exchanges
[https://www.cftc.gov/PressRoom/PressReleases/9319-26]
Good for $HYPE & $LIT
New CFTC Equity Perpetuals Approval Applicable Only To Currently CFTC Registered Exchanges
[https://www.cftc.gov/PressRoom/PressReleases/9319-26]
Good for $HYPE & $LIT
Midterms today, the consensus is for a Democratic sweep of Congress. We will know the results in about ~10 hours.
$75K remains make or break level for me for BTC. Also massive outflows yesterday to start of November, last 2 days combining for over $1B+
$75K remains make or break level for me for BTC. Also massive outflows yesterday to start of November, last 2 days combining for over $1B+
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GM! What a turn of events overnight, as results were coming in we sold off a little right into $75K region that I said was must hold and bounced nicely there. Great reaction thus far. Dems in control now should help with Iran descalation imo and so in return affect crypto, oil, gold etc.
ZEC on my radar, giga strength. Privacy stuff might have more eyes on it now also with democrats coming in with more bans/regulations on stuff.
ZEC on my radar, giga strength. Privacy stuff might have more eyes on it now also with democrats coming in with more bans/regulations on stuff.
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Farzad
GM! What a turn of events overnight, as results were coming in we sold off a little right into $75K region that I said was must hold and bounced nicely there. Great reaction thus far. Dems in control now should help with Iran descalation imo and so in return…
Andddd just like that, back down. Main reason why I’ve been waiting so long usually now is because of all these fake outs and horrible price action. Just very nasty on both sides
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On the HTF’s the next key areas as support for me on equities is $7K on SPX and $24K on NQ (Iran War March ‘end’)
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Farzad
Weekly Market Recap 11/1 📊 Crazy last couple days and past week, but no real big change on the weekly for BTC. Like I posted last week, we basically just don’t want to break and close under $75K. Given we just had the biggest ever CEX hack and you can’t even…
Approaching the September lows now, does not look good and insanely bad day across all markets. Wouldn’t recommend knife catching this. I got 0 edge here so just gonna let the market settle, more than likely sub $75K gets tagged.
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RULE THAT WOULD ALLOW CRYPTO IN 401(K)'S HAS ARRIVED AT THE WHITEHOUSE FOR FINAL REVIEW: BBG