DavideCrypto

Going over how last night played out and here’s just how insane the move in $KAS was: 21:49 - 0.0712 22:21 - 0.0092 87% collapse in 32 minutes.

@PeterLBrandt @BitcoinLive1 This will over extend just enough to make retail believe it’s more fake out. Then we will see the true low get set.

I view this as potentially the significant change of price behavior since the top in Oct @BitcoinLive1 report forthcoming at bitcoin.live/?aid=106

@staunch2068 @benjamincowen Hi Dave. Fundamentally speaking, TA is literally pattern recognition.

@benjamincowen What happened to 2019? You've been saying for a long time this is just like 2019. That's what I hate about this type of analysis, you can virtually pick whichever year that somewhat matches the pattern and say "just like 2022" That's not TA, it's pattern recognition.

I swear it feels like we live in a simulation. Same playbook as 2022. Bitcoin sells off during the start of a new conflict, finds a low in February, then bounces into March.

Crypto has entered a bear market. Yet we are still seeing influencers and so called traders gaslighting their followers into feeling stupid for even considering that reality. That kind of patronising messaging plays directly into people’s emotions and that is where mistakes get made. It pressures people into inaction or blind conviction rather than clear thinking. The truth is that this leg down in crypto was highly probable. It was not something that came out of nowhere, and it was not a time to simply sit on your hands and ignore risk. Upside will likely come again, but do not let anyone convince you that you are an idiot for recognising a bear market when the conditions clearly support it.

@benjamincowen That’s most likely a rising trendline not horizontal. That way it has also already broken through. Taking everything into consideration, this will have confirmation soon and metals will be again be the top performer of the year.

This is one of the most important charts right now. If SPX breaks down against Gold, the environment we have found ourselves in for the last decade will completely change.

The markets are selling off. Unfortunately, most content creators and consumers won't have seen it coming. The algorithm means if you stop posting, you'll see a huge slowdown in engagement when you resume. If you consume a lot of content, you'll see regular hopium, so FOMO will prevent sensible moves. Except for a week or so, I've stayed ahead of the fall by focusing on reality. Anyone you're following who speaks in absolutes about short-term outcomes is providing hopium. These are unprecedented market times. The medium to long term, however, is easier to understand and navigate.

The fact that none of this has had any emphasis on carry trade, corporate bonds, rolling over debt and the Russian war.. None of this goes away anytime soon. An economic conveyor belt of carnage

Been a while since posting on here! But we’re entering into a pretty important period to understand what is going on at the moment in terms of the markets and monetary policy. I will post my thoughts soon! 🫡

X unfortunately has begun to mirror the legacy media in terms of its algo. Bigger accounts all seem to hit the button at the same time, regurgitating the same bias. This is especially the case within the crypto world. Sentiment shifts on a really short term basis change rapidly because of it. If you aren’t experienced in the markets, you likely have no chance when it comes to managing your emotions.

Since midnight $TAO has had some seriously extreme volatility. Personally can't see this stopping anytime soon.

Today is a prime example why you shouldn’t use X to base your opinion on the market.

@AS29211856 How were the emotions on Friday? I still upside to come

@CryptoDavide33 as long as my alts bounce back to march or dec 2024 ill be good, might seem wishful thinking but whatever

This feels like the crypto of old. Huge red days 🔴 Huge green days 🟢 Watch how quick sentiment changes.

Be prepared for the reality of what is to come in the markets. If you aren’t you’ll lose big. This won’t be a straight move up, simply because the number tool institutions have over retail is Market Psychology. They control what you see and when, alongside the set up of the charts themselves. I’d say moving into the next 5-7 years we will see some of the most insane events within financial markets. If you aren’t mentally prepared for them you’ll lose and lose big.

@KobeissiLetter @ol_bowman It’s arguably the opposite. When I got into crypto in 2017 the market would see 300-400% days based on alts potentially getting a partnership with a centralised business.

@ol_bowman The market has evolved to its most reactionary form in history. Any headline or post at any time can drive trillions of dollars of market cap. Position (and hedge) accordingly.

Investors are waking up to some major news from China: The entire tariff crash on October 10th may have just been one big misunderstanding between Trump and Xi. The news about China’s rare earth export controls came out on October 9th at ~8:30 am ET, 26 hours BEFORE Trump posted about it. This was a non-news event UNTIL President Trump posted about it over one day later. Last night, China released a statement clarifying their "export controls" on rare earths. In their response, China said the new controls are NOT a full export ban and applications that “meet regulations” will be approved. Amid the market's downturn on Friday, our view was that the 100% tariff announcement by Trump was a bargaining chip. After China's statement last night, we believe the odds of Trump's 100% tariff on China going into effect are extremely low. The largest crypto liquidation in history and a -$2.5 trillion loss of S&P 500 market cap appears to have been driven by one big misunderstanding. We expect another "trade deal" soon.

Short term I’d expect some seriously extreme volatility. But as long as there’s no major economic collapse in the short term alts will likely see some solid upside. It’s risky times at the moment though and there’s no doubt in my mind there will be a lot less retail wanting to have risk on the table now.

@CryptoDavide33 So what is next ?

Going over how last night played out and here’s just how insane the move in $KAS was: 21:49 - 0.0712 22:21 - 0.0092 87% collapse in 32 minutes.

Watching the response after the flash crash. I fear for the majority within this space. The unfortunate reality is most are going to spend a boat load of time waiting for everything to play out like they’ve been promised. The major issue being they don’t know how to manage risk and greed. 99% of what you read is uneducated and inexperienced commentary. Stay safe in this space folks. It’ll eat you alive if not.

Been calling for $ETH to break down to $3500 constantly going over the fact I’m happy to wait for the fall and not get caught up in the noise. $ETH was $4676 at the time of this photo. Eth moved up more than I’d have liked but it always about managing the trade as you get more data. 25% dip into $3500.

@CryptoSaturn12 For the record I was short on $KAS with a target of 0.055

@CryptoDavide33 No need 1000x, fast, pow, fair launch, bla,bla ,bla. just need safe haven

@CredibleCrypto Currently smashing into an X crossover here so likely can get a better entry. Higher time frame though, I can see that being broken through.

Most major corrections/pullbacks are fueled by liquidations of over leveraged players. We saw that over the last 48 hours in a big way. What happens when a real-yield producing, fully circulating, non-inflationary crypto asset with zero perp/leverage options begins to mark up? $TRAC