The fix is in on ALGO .. if Pelosi owns crypto it would be ALGO
USDC the onkly stable coin left after they take down tether is a Blackrock asset , on ALGOs chain
its .058 .. iit behaves anti crypto ( never pumps ) .. but it will make you wealthy someday , or your children
if you have been systematically adding it
USDC the onkly stable coin left after they take down tether is a Blackrock asset , on ALGOs chain
its .058 .. iit behaves anti crypto ( never pumps ) .. but it will make you wealthy someday , or your children
if you have been systematically adding it
I've seen diagrams showing BTC has always been correlated but I never noticed it until within the last 6 months , maybe because I dont pay much attention to nasdaq DJ etc
as far as Algo I think its because its underperformed compared to BTC ETH and the rest even other alts when
BTC goes on a rampage. Algo usually makes gains, sort of like LTC , when BTC cools slightly after a heater , and some shit coins rampage , then you sit back and play the " what hasn't pumped yet game "
I think this is because AlgoRand the company operates like a real company not like a crypto currency.
they aren't fist pumpers , they're not the "when lambo " crowd
this is really serious, connected executives at the top
they are going to be a big time force too be reckon with
for now they are letting the others operate like fanatics
thats how I see it
SOVRYN is the most likely financial infrastructure for defi and assets to be secured on
the BTC blockchain ( svryn is actually on a side chain not directly on btc )
and theyre using ALGOs programming language
algo has their shit together and are gonna be a dominant force
im glad it just sits there doing nothing the majority of the time
that will change overtime without all the pumpaderma in the meantimme
it wouldn't be my go to to make money with in a bull market
its best utilized for "bottom money "
however there was a stretch a few months ago that it was pinging up and down between 1.60 and 1.20
easy 30 percent gains made if you bought those dips was so easy to see the pattern
the BTC blockchain ( svryn is actually on a side chain not directly on btc )
and theyre using ALGOs programming language
algo has their shit together and are gonna be a dominant force
im glad it just sits there doing nothing the majority of the time
that will change overtime without all the pumpaderma in the meantimme
it wouldn't be my go to to make money with in a bull market
its best utilized for "bottom money "
however there was a stretch a few months ago that it was pinging up and down between 1.60 and 1.20
easy 30 percent gains made if you bought those dips was so easy to see the pattern
Anybody going big leverage shorting BTC all the way to $19k?
28k to 19k. Let the blood bath continue.
Heard blackrock was shorting it down to $2! And Matt Damon was leading the crooked Crypto.com short as a pioneer to gain back their losses. Become a pioneer folks lol.
I got out almost exactly a year ago after a nice run only to see Twitter and Elon (the guy who never had friends and hates people because he hates himself) go full retard on Twitter wrecking havoc.
Aren’t hedgies all on vacation during the summer? It’s about that time again. Summer should be a shit show. Maybe December it grows legs again. It’s crypto so who knows.
Luna is an absolute hoot watching tank so fast.
28k to 19k. Let the blood bath continue.
Heard blackrock was shorting it down to $2! And Matt Damon was leading the crooked Crypto.com short as a pioneer to gain back their losses. Become a pioneer folks lol.
I got out almost exactly a year ago after a nice run only to see Twitter and Elon (the guy who never had friends and hates people because he hates himself) go full retard on Twitter wrecking havoc.
Aren’t hedgies all on vacation during the summer? It’s about that time again. Summer should be a shit show. Maybe December it grows legs again. It’s crypto so who knows.
Luna is an absolute hoot watching tank so fast.
clearly , BTC aint no hedge against inflation. haha.
rather its mirroring the qqq's, strong correlation
got to believe lots of margins calls and force selling across various asset classes . Powell has pulled the plug. Secular bull market might be toast. Cannot see any V-shap. Likely W-shape. with the second bottom either with a higher low, or actually pierces and forms a lower low but quicly recovers and off it goes -- that's a guess. If im right, and its a W bottom the moment of truth/candle that will provide a hint will be at the intersection of the 3rd/4th arms of the W pattern .For now, there is nada on the charts that indicate a bottom, nada. And there is no catalyst in sight . Getting more gloomy, some despair . But not really seeing capitulation
BTC chart is a mess
www.investing.com
got to look at the higher time frames- mthly, and weekly. A change in them need to happen before even thinking long imo. LOOK at the April monthly candles on BTC, qqq's. lol (the month of may is not done ) . Look at the qqq's/btc WEEKLY chart -they are nearly identical , SIX hard red candles, stale red light likely - , the first arm of the 'W' is forming and its at an area/zone of support for the qqq's.
BTC BROKE the low of June 2021. it's in no man's land!! it either reverses and quickly reclaims $30,000-$31,000 , to put a tail on the may candle , or she likely has a date with her break out area 2020/12 - $19,700
rather its mirroring the qqq's, strong correlation
got to believe lots of margins calls and force selling across various asset classes . Powell has pulled the plug. Secular bull market might be toast. Cannot see any V-shap. Likely W-shape. with the second bottom either with a higher low, or actually pierces and forms a lower low but quicly recovers and off it goes -- that's a guess. If im right, and its a W bottom the moment of truth/candle that will provide a hint will be at the intersection of the 3rd/4th arms of the W pattern .For now, there is nada on the charts that indicate a bottom, nada. And there is no catalyst in sight . Getting more gloomy, some despair . But not really seeing capitulation
BTC chart is a mess
Bitcoin Price Chart Live - Investing.com
View live Bitcoin price chart and follow real-time Bitcoin price changes.
got to look at the higher time frames- mthly, and weekly. A change in them need to happen before even thinking long imo. LOOK at the April monthly candles on BTC, qqq's. lol (the month of may is not done ) . Look at the qqq's/btc WEEKLY chart -they are nearly identical , SIX hard red candles, stale red light likely - , the first arm of the 'W' is forming and its at an area/zone of support for the qqq's.
BTC BROKE the low of June 2021. it's in no man's land!! it either reverses and quickly reclaims $30,000-$31,000 , to put a tail on the may candle , or she likely has a date with her break out area 2020/12 - $19,700
again seeing more doom and gloom articles, but not over the top .
this article is interesting. The combo of big pharma keeping people alive and an addiction to gross govt spending looks like going to hit the crossroads soon enough;
ca.finance.yahoo.com
According to the 2021 annual report from the Social Security board of trustees, Social Security's cash reserves will be fully depleted by 2034 -- one year earlier than their 2020 report indicated. Annual taxes are expected to cover only about 78% of the benefits each year after that.
If you plan to rely on the program in 2035, keep in mind there's a chance you could receive less in Social Security benefits than you might have expected. If no changes are made to deal with the trust fund shortfall, benefits will have to be reduced by 22%, according to the 2021 annual report from the board of trustees.
decrease SS? that won win votes
definitely going to need immigration, dont see a rise in birth rates . (see Japan, lol)
this article is interesting. The combo of big pharma keeping people alive and an addiction to gross govt spending looks like going to hit the crossroads soon enough;
When Social Security Runs Out: What the Program Will Look Like in 2035
The future of Social Security remains uncertain, forcing people to ask questions like, "Will Social Security run out?" According to the 2021 annual report from the Social Security board of trustees,...
According to the 2021 annual report from the Social Security board of trustees, Social Security's cash reserves will be fully depleted by 2034 -- one year earlier than their 2020 report indicated. Annual taxes are expected to cover only about 78% of the benefits each year after that.
If you plan to rely on the program in 2035, keep in mind there's a chance you could receive less in Social Security benefits than you might have expected. If no changes are made to deal with the trust fund shortfall, benefits will have to be reduced by 22%, according to the 2021 annual report from the board of trustees.
decrease SS? that won win votes
definitely going to need immigration, dont see a rise in birth rates . (see Japan, lol)
this was my working thesis for the week. again on the WEEKLY chart (the higher time frame).
-6 red candles , not stable. Stale red light very likely need confirmation with the anatomy of the candle on Fri 4 pm (today of course)
- severely oversold. How so? the qqq's havent been this oversold on this time frame since Dec 2018 .
-at a support zone- what MM will often do is purposely break the support, flush the stop losses then take her back up
the candle anatomy right now has changed from a long red candle to a pin bar, off support (the candle has not closed , but id be shocked if there is a significant change come 4 pm)
-the first arm of the W pattern likely has found a bottom. next week ideally i'd liketo see another pin bar on this timeframe . This week's candle carries high probablilty of not seeing a lower low next week (geo-politcal shit notwithstanding )
Yes exactly
There have been inverse relationships. Bitcoin was once thought of as a hedge against inflation. There have been insignificant times. The last 2 years there's been a positive correlation. This is the strongest one since they are moving in lock step and why it's the most noticeable. Bitcoin is going to run it's normal course. If stocks are moving in the same direction, they may lock up.
