BTC Overlay Update

2022年6月12日

Shifted it a little bit, bottom projected around July Fed meeting (27th), which makes sense.

Really no point in buying cryptos until the Fed signals that they're done raising rates, or at least gives some timeline.

Playing the dips on something you can only hold for a few hours really makes no sense, plus it;s not oversold anymore so things can go downhill quick.

2022年6月13日

コメント

Time for a bank run, lol

yahoo.com/now/crypto-lender-celsius-freezes-withdrawals-050955015.html

2022年6月16日

コメント

Drop accelerated past my overlay.

Anyways hilarious stuff, people were told to wait until after the Fed to buy, Powell delivers worst possible case rate hikes and people bought anyways. Plus Americans are the only ones buying, this crap drops every night, but they buy anyways because it moved up a little, lol. If you can't figure out that daily pattern, you shouldn't be trading.

Also, I thought of a hilarious Ponzi scheme. Start a crypto lending firm with 10% interest, sell the coins as soon as you receive them and pay the interest with the money. If cryptos go up then lock withdrawals, like Celsius, but in reverse, lololol

2022年6月16日

コメント

Smart money leaving because more than likely it'll drop again overnight.

The only question is this weekend, will it tank again like the last Fed meeting? You'd have to be insane to hold this over weekends.