Jump to content



Photo

$BTC Bitcorn CRASHED


  • Please log in to reply
15 replies to this topic

#1 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,134 posts

Posted 18 April 2021 - 12:07 AM

U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES  -SOURCES

 

 


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#2 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,280 posts

Posted 18 April 2021 - 09:03 AM

 

U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES  -SOURCES

 

 

Once again, "unnamed" sources at a time where story after story over the past two weeks has been about those who are either wealthy and/or insightful individuals making a killing...the jealous media, and financial institutions in general, are so predictable. That said, the way the crypto ecosystem is set up, any type of insinuation of this type would likely be quickly verifiable.

 

Meanwhile, it doesn't take much to trip up a parabolic move in values of any commodity when it becomes a mainstream story...especially when the supply of this same commodity available is capped.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions



 


#3 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,134 posts

Posted 18 April 2021 - 11:15 AM

I show BROKEN ON VOLUME here, that's the difference...

 

Gets under the low of the last panic on stronger daily volume.

 

So something IS DIFFERENT this time...

 

Further evidence:

 

 

 

Sunday’s flash crash became the single biggest daily liquidation event following March 15. Which saw $2.4 billion in liquidations occur when BTC dumped from $60,000 to $55,000.

 

 

According to Bybt, the last twenty four hours saw a new record in liquidations. With over one million positions being wiped off the books. Totalling a mammoth $10 billion in positions that were liquidated.

 

 

$BTC is trading at 55Ks right now, at the low of the last crash...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#4 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 25,197 posts

Posted 18 April 2021 - 11:40 AM

Dang it all!

Now Dogecoin is up only 317% this week.

https://www.investin...ypto/currencies

 

Or, as Elon Musk would say:

MEME.jpg



#5 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,280 posts

Posted 18 April 2021 - 01:56 PM

I show BROKEN ON VOLUME here, that's the difference...

 

 

$BTC is trading at 55Ks right now, at the low of the last crash...

 

How are you able to determine "volume"...via an exchange??

 

For example...in the last 24 hours, volume in BTC is 286 million US Dollars on the conversion...it was also down by 14% on Saturday night (with many of the crypto's down over 20%)...but now it's only down 8% as of this writing at $55,450.00 (while the majority of the others are down around 11%).

 

Parabolic pullbacks are can be quite exaggerated initially, and though I'm certainly not saying that it can't retrace further, one or two days of a finite commodity doesn't seem "workable" especially when it's triggered by unnamed sources that are really only guessing because they may not know how the ecosystem works.

 

Better to follow Ethereum as a proxy because of its more conventional blockchain platform.

 

Shrug...we'll see.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions



 


#6 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,385 posts

Posted 18 April 2021 - 02:25 PM

Thats nothing. Bitcoins as a scam and natural enemy for the Fed and USD, will crash by 90%, just a matter of time ...........

#7 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,280 posts

Posted 18 April 2021 - 03:13 PM

Thats nothing. Bitcoins as a scam and natural enemy for the Fed and USD, will crash by 90%, just a matter of time ...........

 

Nope...too many traders, businesses and institutions are jumping on board because of its independence and safety...and the global politician's are the reason.

 

Heck...the US Treasury is now getting into the act with a planned coin pinned against the dollar.

 

Oh..there's also a coin already that moves with the price of gold now without the storage fees or commissions.

 

This new way of doing business is for real make no mistake about it.

 

Fib


Edited by fib_1618, 18 April 2021 - 03:13 PM.

Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions



 


#8 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,274 posts

Posted 18 April 2021 - 07:15 PM

It's just a story tweaking the price so those in the know can get a better position. It will soon be going higher.


Edited by Chilidawgz, 18 April 2021 - 07:16 PM.

Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#9 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,280 posts

Posted 19 April 2021 - 12:09 AM

Dang it all!

Now Dogecoin is up only 317% this week.

https://www.investin...ypto/currencies

 

Or, as Elon Musk would say:

MEME.jpg

 

More ideas for thought:

 

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions



 


#10 Dex

Dex

    Member

  • Traders-Talk User
  • 2,691 posts

Posted 19 April 2021 - 12:51 PM

 

Thats nothing. Bitcoins as a scam and natural enemy for the Fed and USD, will crash by 90%, just a matter of time ...........

 

Nope...too many traders, businesses and institutions are jumping on board because of its independence and safety...and the global politician's are the reason.

 

Heck...the US Treasury is now getting into the act with a planned coin pinned against the dollar.

 

Oh..there's also a coin already that moves with the price of gold now without the storage fees or commissions.

 

This new way of doing business is for real make no mistake about it.

 

Fib

 

Fib is correct.  Watch and buy Bitcoin Cash also.

 


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16