Cryptocurrency mega-thread

[Yellow Feathers]

One last flush down and then take off. Or perhaps that was it. Either way, not long to go now.

 

[beez]

One last flush down and then take off. Or perhaps that was it. Either way, not long to go now.

Big dump this weekend please.

 

[Angus Young]

If you have lots invested you need Mr Trump back in office.

Bitcoin going to fire soon.

 

[Bostonian]

A Republican win would be a huge boost for crypto in the US.

 

[BACCS]

Roaring Kitty is back for stocks, GME pumped 100% overnight with a few cryptic videos on his Twitter after a 3 year hiatus. Good signal for retail returning a big way soon. Lines up with my theory of the final leg of this bull happening in the leadup to the US election.

 

[Bostonian]

Some Bipartisan support is a good sign.

https://www.politico.com/news/2024/05/17/crypto-congress-democrats-00158630

 

[Yesterday Dog]

Invest in James Harmes

22

James Harmes

Age

28

Ht

186cm

Wt

86kg

Pos.

M/F

Career

Season

Last 5

D

19.4

5star

K

9.4

4star

HB

10.0

5star

M

3.1

3star

T

4.1

5star

CL

2.4

4star

D

16.3

4star

K

7.4

3star

HB

8.9

4star

M

2.9

3star

T

1.6

3star

CL

1.9

4star

D

10.6

3star

K

5.2

2star

HB

5.4

4star

M

1.6

2star

T

1.8

4star

CL

0.2

2star

 

[BACCS]

SEC has done a complete 180 due to rumoured political pressures and look like approving the ETH spot ETF in a couple of days... market had not priced this in at all and is responding in a big way. Definitely helps my thesis that the bull plays out in full before the US election.

 

[BACCS]

I know this place has been dead for a while, but if anyone is interested, I've got strong belief that Q3 should be quite bullish for crypto. The ETH spot ETF will launch, liquidity conditions in the US are improving (potentially see the first rate cut) and hype around the US election will start to ramp up (where Trump has made pro-crypto part of his campaign to try get those swing states on his side).

Even just this chart highlights that alts relative to BTC are in an almost identical position to the end of October last year (RSI, price level, stablecoin flows have flattened). This doesn't look like a bearish chart to me, it looks like a chart that has consolidated at a higher low after the first leg of the cycle and is ready for the next one!

A dovish CPI print and FOMC later this week likely gives the market fuel for risk-on to return in a big way.

 

[MrsBlueSky]

I know this place has been dead for a while, but if anyone is interested, I've got strong belief that Q3 should be quite bullish for crypto. The ETH spot ETF will launch, liquidity conditions in the US are improving (potentially see the first rate cut) and hype around the US election will start to ramp up (where Trump has made pro-crypto part of his campaign to try get those swing states on his side).

Even just this chart highlights that alts relative to BTC are in an almost identical position to the end of October last year (RSI, price level, stablecoin flows have flattened). This doesn't look like a bearish chart to me, it looks like a chart that has consolidated at a higher low after the first leg of the cycle and is ready for the next one!

A dovish CPI print and FOMC later this week likely gives the market fuel for risk-on to return in a big way.

View attachment 2016676

So how many do you suggest I buy?

 

[BACCS]

So how many do you suggest I buy?

That is up to you

 

[MrsBlueSky]

That is up to you

Is it such a sure thing that I could mortgage my house on?

 

[beez]

Way to crash the price, BACCS

 

[BACCS]

Way to crash the price, BACCS

Standard dump as per the last 4 FOMC meetings, doubt this time is any different. Have a similar rally from here and 80k on the cards by end of June…



BTC, ETH and total3 all just sitting at those key supports still anyway and haven’t lost bullish structure in months.