linebands

linebands Updated 

There seems to be a repetition of fractal patterns of the early 2021 highs from 43k to 65k with the current trend from 40k to 50k of Aug-Sept. Could speculate to enter a short ~49k, with a stop loss ~51k and take profit at 40k and 36k. 36k take profit derives from both the bars pattern target, possible retest of PoC of the crabbing that occurred from May through...

linebands Updated 

With the money printer going BRRRR (costing $4T from the fed) causing stock prices to be inflated, investors and money managers in the stock market may soon take profits into hard assets that aren't necessarily tied to the value of the dollar, like housing, cryptocurrencies, gold, etc. in order to preserve the wealth that may otherwise be lost due to continued...

linebands Updated 

Long on $BTC as long it holds the bottom blue fork line as support. Would exit positions under the stop loss given at 42k level. Could enter a short under current stop loss with a take profit at 36k level if things get even more bearish

linebands Updated 

Interesting how Coinbase gets a Wells notice from the SEC near midnight lol. Interesting Twitter thread for more on the subject by @_log_scale_ on this. Seems like, with more adoption, more regulation will be at play to determine which coins are commodities vs securities via the Howey test; where a security is an "investment of money in a common enterprise with...