Cryptocurrency mega-thread

[Ghost Patrol]

Market is following NSW covid numbers, very bullish

 

[BACCS]

Holy ****

 

[MadDocker]

To the moon. Lets goooooo!

 

[Ghost Patrol]

BTC 5% on a 1 minute candle!

 

[BACCS]

I didn’t think 40k would come this morning

 

[Ghost Patrol]

 

[DT_35]

Lol 39k just like that

 

[Bostonian]

They are setting the trap nicely.

 

[BACCS]

Short positions getting annihilated now

 

[BACCS]

They are setting the trap nicely.

Yeah, for the shorters. The RSI breakout on the daily from a 6 month long downtrend over the weekend confirmed what we are seeing today. It’s over the bears.

 

[Ghost Patrol]

Apparently it spiked to 48k for a few seconds on some exchanges

 

[Bostonian]

Yeah, for the shorters. The RSI breakout on the daily from a 6 month long downtrend over the weekend confirmed what we are seeing today. It’s over the bears.

For retail.

 

[BACCS]

For retail.

Ah yeah, agree with you there. FOMO is about to come back in force.

 

[BACCS]

Apparently it spiked to 48k for a few seconds on some exchanges

Surely a glitch?

 

[BACCS]

The breakdown to 29k on very low volume should’ve been the final warning sign that bears were exhausted. Just like low volume breakouts at the peak should be a good indicator to start selling out of positions.

 

[Ghost Patrol]

Surely a glitch?

Dunno, haven't seen a chart posted that shows it yet, but have seen a few comments on twitter saying the same

 

[BACCS]

 

[Ghost Patrol]

 

[brendan84]

What a beautiful day

 

[Ghost Patrol]

Looks like exchanges are clamping down on leverage, both Binance and FTX have announced they are setting limit at 20x

 

[BACCS]

Looks like exchanges are clamping down on leverage, both Binance and FTX have announced they are setting limit at 20x

Good, it was getting out of control

 

[Ghost Patrol]

 

[Gak Attack]

Hadn't paid any attention last couple days. Got a message to check and boy oh boy wowee.

 

[maryjames]

Close to 50/50 trap or




I’m goin with blast off.

Naturally

 

[BACCS]

Close to 50/50 trap or




I’m goin with blast off.

Naturally

Definitely blast off this time. As I said above, the dip this time last week on super low volume should’ve been a strong warning sign that bears were exhausted. RSI breakouts on the daily are always a good sign of things to come as well. I reckon the trap was when we got above 40k about a month ago.