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Cryptocurrency mega-thread

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CERBY (previously DEFT) is doing well.

defifactory.finance

Cerby Finance

Cerby Finance is a new Cross-Chain Token Standard allowing you to easily bridge between blockchains and DLT networks.
defifactory.finance defifactory.finance

It's still very early days for this project.
 
beez said:
I'm surprised it didn't happen today, but I reckon we'll see a $4-5k BTC pump overnight AEDT/morning US.
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It was starting to, but didn't have enough volume to sustain it. Something is about to give, whales just keep accumulating anywhere near the 60k price level and exchange supplies just keep on dwindling (for ETH as well). How much money do these leverage traders have left after about the 5th or 6th long squeeze since BTC cracked a new ATH a few weeks ago? They surely must be running out of steam!
 

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Pancakes said:
Anyone watching the Ch7 news about crypto?
They reckon 3.3 million Aussies have crypto, and 25.4% of them are holding ADA.

Maybe i should start a support group for morons like myself who still hold that trash....
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FTM is coming to console you. My bag is too big for this.
 
BACCS said:
It was starting to, but didn't have enough volume to sustain it. Something is about to give, whales just keep accumulating anywhere near the 60k price level and exchange supplies just keep on dwindling (for ETH as well). How much money do these leverage traders have left after about the 5th or 6th long squeeze since BTC cracked a new ATH a few weeks ago? They surely must be running out of steam!
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My silly prediction is based on one metric that has been a forward indicator, lagging indicator, and played out in real time. So who knows 🤷‍♂️

I mentioned it because it seems like a big now or never time in the space. There are a few people who I follow who are all using these different (but similar) metrics that are pointing to that parabolic run to Christmas, and then maybe a little into Q1 2022. I'm talking about 60 day cycles that Dice mentioned, liquidity flows, and BTC/ETH correlations between 2017/2021 cycles. And they are all starting within the next few days. I mean, sure past performance and all that, and it's only maths, but there are so many indicators that are pointing to an explosion in price.

And then you have Benjamin Cowen, who is arguably the most respected person in the crypto space, who's laughing at anyone who thinks we can get to anywhere near 100k by Dec 31.

A 64k-65k BTC weekly close on Monday morning our time would be scarily accurate for a price breakout.
 
beez said:
My silly prediction is based on one metric that has been a forward indicator, lagging indicator, and played out in real time. So who knows 🤷‍♂️

I mentioned it because it seems like a big now or never time in the space. There are a few people who I follow who are all using these different (but similar) metrics that are pointing to that parabolic run to Christmas, and then maybe a little into Q1 2022. I'm talking about 60 day cycles that Dice mentioned, liquidity flows, and BTC/ETH correlations between 2017/2021 cycles. And they are all starting within the next few days. I mean, sure past performance and all that, and it's only maths, but there are so many indicators that are pointing to an explosion in price.

And then you have Benjamin Cowen, who is arguably the most respected person in the crypto space, who's laughing at anyone who thinks we can get to anywhere near 100k by Dec 31.

A 64k-65k BTC weekly close on Monday morning our time would be scarily accurate for a price breakout.
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What is the indicator you’re using?

These leverage flushes are happening very frequently over the last couple of months, especially since BTC cracked a new ATH. I didn’t think price would still be in the low 60s nearing December, nor ETH below 5k. It would defy history for prices to continually make two steps up and one step backwards to reach the peak, rather than going parabolic. However, I respect Ben Cowen and his lengthening cycle theory makes a lot of sense.
 
BACCS said:
What is the indicator you’re using?

These leverage flushes are happening very frequently over the last couple of months, especially since BTC cracked a new ATH. I didn’t think price would still be in the low 60s nearing December, nor ETH below 5k. It would defy history for prices to continually make two steps up and one step backwards to reach the peak, rather than going parabolic. However, I respect Ben Cowen and his lengthening cycle theory makes a lot of sense.
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I'll tell you down the track if it shows any form of consistent correlation.

Obviously I was channelling my inner Bitboy with my failed overnight prediction :poo:
 

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beez said:
I'll tell you down the track if it shows any form of consistent correlation.

Obviously I was channelling my inner Bitboy with my failed overnight prediction :poo:
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Bad prediction. Don’t want it to break $57k…
 
beez said:
I'll tell you down the track if it shows any form of consistent correlation.

Obviously I was channelling my inner Bitboy with my failed overnight prediction :poo:
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From what I can gather, there is a Bitfinex whale(s) with spoof sell orders that is suppressing any positive momentum atm. As I posted in the TA thread, something very similar happened at about this date in November last year, before going on a massive run through December/early January.

Also, as bearish as this all feels, the major coins have all been putting in higher lows on the monthly timeframes since the middle of July.
 

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Yeah, my dashboard is a tale of woe as well - except ALGO, weirdly.
 
Given what is playing out now, if history is any indicator, it took 3 weeks for BTC to recover from its last major crash of similar magnitude (52 to 42k) in early September. It also dipped lower than the initial flash crash, which is what might be playing out today (initial flash crash was 2 days ago).
 

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