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We are dropping below support lines though. Phase A for accumulation has us bouncing off support, not dropping below. I keep hearing we have been in phase B of accumulation. We drop below upper support lines in Phase B, and then dip down below the lower support in Phase C, before springing...

Absent the whole death cross thing I'd say 40k, but apparently the death cross is serious chart juju. It sucks too because I finally caught a dip (e.g. right now) when I was prepared to buy but now I'm finding myself cautious. I have zero doubt BTC will be 50k+ and ETH will be 4k+ within a few...

FBI recovering Bitcoin that was used as payment in a ransomware attack shouldn't be causing FUD... Quite the opposite. Cash paid in these situations is almost never recovered, yet they managed to recover the BTC because: 1. BTC isn't some diabolical tool that allows bad guys to get away with...

Interesting working theory ( I stress theory ) on how the FBI got the hacker's BTC:

Imo you should let the lessons some of the hedge funds have already learned guide you: short answer is the long hold is always the most profitable. See below:

Just going on Fintwit, but seeing the same stuff on Reddit. Pomp is about to bust a blood vessel.

I'll let the chart pros weigh in, but I would say no. From my limited understanding, BTC is fast approaching a "Death Cross." It may avoid it, but so far it's trending in the wrong direction. Unfortunately, all indications are that all coins are still tied to BTC, so if it takes a plunge to...

Lots of South and Central American countries now indicating some form of BTC adoption. Brazil, Panama, Guatemala, El Sal... Market shits the bed in response.

I know. Don't even get me started. For every thousand strikes at the leaves of evil, there is but one strike at the root.

I don't get the point of any retcon. Add to or expand the lore if you want, but retconning is cancer, not just for DnD, but for movies and everything else too. You don't have to like history, but you should at least respect it.

DoJ Press conference about ransomware attack at 3:15p EST today. Supposedly crypto will be mentioned. If I was a swing trader I think I'd be ready for this.

I'd like to believe that...

Sooo, what happens now that Trump has come out against BTC? Can't imagine it's good news for BTC. Maybe neutral news at best? Any predictions? Biden is supposedly going to address cryptos role in terrorist/extortion hack attacks too...

I was literally picturing this exact scene in my head reading this thread.

I'm not stressing man, trust me. I'm more bullish on crypto adoption than I've ever been- including when the prices were 40% higher. Despite the fact that I think ETH is the future king, I'm certainly pulling for BTC too (although they need to figure out how to hold a conference without it...

Market doesn't seem overly impressed with the news.

Kinda funny how much longer it takes for news to impact crypto than stonks. With stonks it always seems like the market starts to move before the news is even announced. With crypto the news happens and then it can take as long as an hour before the market reacts. Makes me feel like you could...

The longer this clusterfuck of a conference goes on the more crypto drops. Good thing it's not a 3 day weekend or I'd be broke.

:emoji_grimacing:

This is what I remember from the 99-2002 days. It's not so much that charm is different as people use it differently than they did in early EQ. It's crazy how much the tactics of EQ have evolved over the years. Even now I log on and find people using spells in totally different ways than they...

And the VET rocket is back on track.

Yep- looking like his attempt fell flat. He started losing the ability to pump Doge after a while too. Cry "wolf" too many times and eventually people are just going to stop reacting to your bullshit.

Aaaaaand... There goes Elon trying to fuck BTC again.

VET running. Against the grain too. That big news I mentioned a week or so ago is supposed to drop this month.

Much bigger deal not owning the actual coins in crypto because of staking. Most people who dig even a little bit into crypto will realize staking is one of the biggest benefits for the PoS coins and you can't do that via RH. Why do you think PayPal recently changed their policy regarding being...

What do you mean by "powerful?" Enchanters have generally been my main class since Live. It functions identically to the way it did on Live regarding effect. I have definitely found the duration on Green to be pretty much on par to what I remember from Live. Charisma has just as big an...

Looks to me like Whales have their hands in the crypto cookie jar while retail traders are distracted chasing shiny meme stocks.

So it sounds to me from what you are saying that there isn't actually a liquidity issue at all, but volume is just fairly flat- i.e. interest in buying or selling has dried up considerably.

Anyone still holding MATIC? I'm starting to read that there is a liquidity crisis. No one is selling it apparently. Anyone know what's up?

Specifically regarding when the big guys decide everything has been squeezed that can be squeezed out of retail, I have no idea. I'm sure whatever methods and algorithms they use are far better than anything I'd ever have access to. It's probably easier with crypto than with stocks to be...

This parses it pretty well from what I understand. Add to that though an entire other level that factors in much more now than when Wyckoff was writing up his theory. There is a whole host of communication tools that whales use to hype and push FUD at the exactly right times. Social media, paid...

Basically, from what I gather after scouring fintwit and listening to crypto/market "experts" is that BTC is currently in a holding pattern. It will very likely break hard (the primary number I'm hearing is +/-10k) either up or down in the near future. The longer it goes on in the current...

Chop. Bouncing around in this same pattern.

Crypto fundamentals just keep getting stronger every day. The longer this goes on the way it has been, the more clear it is to me that we are in an accumulation phase so that the big institutions can get their fingers in the pie.

It definitely seems like things went off track midway through Phase D and into Phase E (ironically shortly after he posted that first Apr 25 vid). But up to that point the pattern was eerily identical to the Wyckoff. I dunno what disrupted the pattern. Maybe it was ETH? I doubt it though...

Interesting. I've read a few places that Putin has been accumulating ethereum for years.

Ok ill bite- what is SWIFT and how will removing Russia from it put up a pressure on crypto?

Yeah, there's a measure of visceral truth to the whole Wyckoff concept. Kind of like finally having a name and explanation for something you've been subconsciously noticing the entire time. It also helps that the numbers add up. There's always so much noise and disinformation out there, but...

That's definitely what it looks like to me when you overlay the Wyckoff on the BTC. Edit: Watch the video though- his explanation comes with lots of asterixis.

It's a pattern chart, similar to head and shoulders, reverse head and shoulders, etc. BTC is following the Wyckoff distribution pattern almost to a T.