| 14 Jan 2023 |
 valemtyn | hello, does anyone know of any app that gave free signals in cryptocurrencies? | 20:43:11 |
| 15 Jan 2023 |
 rikj000 | Nope, macro-economics tell us that we're not out of the woods yet.
However, Binance controlled 92% of spot BTC trading by the end of 2022.
Additionally, 1.2 billion worth of short positions where opened earlier this week.
Because of those reasons I believe that the rally was simply a matter of the broker inflicting the point of "Maximum Pain",
e.g. wipe out as much short positions as possible by pumping the market.
Then flush down again, to also trap bulls who got fooled by the pump.
Sources:
- https://www.coindesk.com/markets/2023/01/04/binance-controlled-92-of-bitcoin-spot-trading-volume-at-end-of-2022-arcane-research/
- https://u.today/surprising-bitcoin-btc-price-spike-driven-by-whales-data-says
- https://discord.com/channels/819237123009150977/839161022421925889/1035453172677881927 | 05:41:56 |
| rikj000 | * Nope, macro-economics tell us that we're not out of the woods yet.
However, Binance controlled 92% of spot BTC trading by the end of 2022.
Additionally, 1.2 billion worth of short positions where opened earlier this week.
Because of those reasons I believe that the rally was simply a matter of the broker inflicting the point of "Maximum Pain",
e.g. wipe out as much short positions as possible by pumping the market.
Then flush down again, to also trap bulls who got fooled by the pump and are going long.
Sources:
- https://www.coindesk.com/markets/2023/01/04/binance-controlled-92-of-bitcoin-spot-trading-volume-at-end-of-2022-arcane-research/
- https://u.today/surprising-bitcoin-btc-price-spike-driven-by-whales-data-says
- https://discord.com/channels/819237123009150977/839161022421925889/1035453172677881927 | 05:42:58 |
|  apdevx joined the room. | 16:41:43 |
| 16 Jan 2023 |
|  arcaNe#3221 changed their display name from arcaNe to arcaNe#3221. | 08:42:21 |
| 26 Jan 2023 |
| rikj000 | 
Download image.png | 06:25:52 |
| 28 Jan 2023 |
| rikj000 | 
Download image.png | 04:46:57 |
| rikj000 | Now this is something which would make me actually believe in the rally.. 🤣
https://nitter.nl/anyuser/status/1619014499553660928 | 04:46:58 |
| rikj000 | (For those still un-aware) | 04:48:02 |
| rikj000 | 
Download image.png | 04:54:48 |
| rikj000 | While doing some TA of my own he might be right in the short-term | 04:54:48 |
| rikj000 | * While doing some TA of my own he might be right in the short-term,
BTC 1 day candles | 05:00:53 |
| rikj000 | * While doing some TA of my own he might be right in the short-term,
BTC 1 day candles | 05:00:59 |
| rikj000 | But longer term TA shows that if BTC can find higher support after a pull-back now,
that a new rally might have started.. 👀 | 05:01:02 |
| rikj000 | 
Download image.png | 05:01:05 |
| rikj000 | BTC 1 month candles | 05:01:06 |
| rikj000 | * While doing some TA of my own he might be right in the short-term,
BTC 1 day candles looking ready for a pull-back | 05:04:10 |
| rikj000 | * But longer term TA shows that if BTC can find higher support after a pull-back now,
that a new rally might have started.. 👀 | 05:04:43 |
| rikj000 | A general pull-back is even more likely when the FED comes out next week.
Likely with another interest rate hike or at least crushing the hopes of the bulls,
who still dream that interest rates will be decreasing soon.. | 05:10:12 |
| rikj000 | * A general pull-back is even more likely when the FED comes out next week.
Likely with another interest rate hike or at least crushing the hopes of the bulls,
who still dream that interest rates will be decreasing soon..
(Also, lets not forget that the FED and other central banks are the main reason that our macro-economics are so fckd up again in the first place.. ) | 05:12:41 |
| rikj000 | 
Download dotdash_Final_Head_And_Shoulders_Pattern_Sep_2020-01-4c225a762427464699e42461088c1e86.png | 05:15:27 |
| rikj000 | Lastly, if BTC can't find higher support,
then a head-and-shoulder formation is quite likely
https://www.investopedia.com/terms/h/head-shoulders.asp | 05:15:27 |
| rikj000 | * A general pull-back is even more likely when the FED comes out next week.
Likely with another interest rate hike or at least crushing the hopes of the bulls,
who still dream that interest rates will be decreasing soon..
(Also, while the FED is acting like the hero saving the economy now, lets not forget that they and other central banks are the main reason that our macro-economics are so fckd up again in the first place.. ) | 05:17:59 |
|  playback2396 joined the room. | 09:52:12 |
| 29 Jan 2023 |
|  kokopuffs#6969 joined the room. | 20:08:30 |
| kokopuffs#6969 | Redacted or Malformed Event | 20:08:30 |
| kokopuffs#6969 | Redacted or Malformed Event | 20:08:38 |
| kokopuffs#6969 | Redacted or Malformed Event | 20:08:43 |
|  darcymoore joined the room. | 21:04:53 |
| darcymoore | Hey | 21:04:54 |
