T-Rains
553 posts
T-Rains
@TRainQ3
Artist, Strictly Money Moves💸 Boston, MA 📍333🖤
This is also why relying on simple MA crosses without taking market context into consideration can be so misleading. The last two “death crosses” marked local bottoms before massive rallies. I am sure there were plenty of accounts here screaming about a massive dump because of the “death cross”, meanwhile at each of those bottoms we were staunchly bullish- recognizing that both those pullbacks were just smaller corrections after major impulses, with another impulse to follow after (which we got).
$Eth passed the decentralization test according to Hinman, Gary Gensler (no case filed) and now Trump. Now the SEC has ruled that $XRP held by retail passes that same test. Left standing is that the $XRP sold to institutions to build out Ripple violated securities statutes because they were securities issued without proper disclosure. Ripple just paid a $50 million to settle the case. Sorry those are the facts. Left up-in-the-air is the clash at the southern district over Torres's inconsistent ruling. This is where legislation is needed. See here mintz.com/insights-cente…
