CZ trying to pull liquidity out of every inch, crack, and asshole of this market.
Absolutely ridiculous from CMC, but what do we expect from CZ entities...
Dear
@CoinMarketCap
,
After over a year of requests attempting to get the
#Ergo
information corrected (circulating supply), we were presented with the following path forward in the attached screenshot.
Strangely enough...
@coingecko
has no issue verifying the authenticity of our
It’s funny how many people in the comments are shitting on this analysis when it’s a simple ABC correction. You’re all falling for a B wave thinking it’s the next big run up.
And if B does not go higher than the origin, C must go lower than A.
This chart is spot on.
This is me, without TA, making a statement on the true value of BTC, what the actually price is given what’s happened this year. Without the help of stablecoins (BUSD, TUSD, FDUSDT, stUSDT, etc.), true price of Bitcoin probably sits around 21-22k.
@TheMoonCarl
It’s structure, $BTC was trading in a bear flag, broke out to 18.3k, failed to hold support on trend line, trapped late longs, and we finally broke to the downside. Daily sRSI has been overbought since Nov. 25th.
Just structural patterns and overdue liquidations.
Going live on YouTube at 1:30pm EST with
@kshanft
!
March is going to be crazy and we’re going through everything you should be paying attention to.
Link in bio and below tweet 👇🏻
@famousfxck
Manufacturing data, this is an extreme number which tells us production is contracting and is a leading unemployment indicator. This is a massively bad number.
U.S. Banks are facing unrealized losses of roughly $685 billion. They are desperately hoping the Federal Reserve will cut rates sooner rather than later.
Going live with
@JWeb777
&
@mrR0bertH0use
at 3pm EST on MNS!
Tyra Banks? Regional banks? How about all banks?
Going over:
- Powell In Congress
- NYCB debacle
- BTC & alts
- Jobs data
LINK IN BIO!
Going live at 3pm EST with
@mrR0bertH0use
to close out the week. Join us live for The Weekly Close on MNS as we dive deep into:
- Jobs data
- bond market & destruction of equities
- TradFi/Crypto PA
- Stars Arena & AVAX
All that and more on the slate for today!
LINK IN BIO!
What I'm seeing:
Squeezes and liquidations. The entire alt market looks horrid to me, I don't really care if things are oversold on the weekly, BTC dominance should rise, especially if ETH dumps and BTC aims for 35k. That would set a huge imbalance of dominance and alts bleed.
@rovercrc
Not really history repeating, just continuation patterns within a bearish decline that break the way of the trend.
History repeating would be a 29% drop from here into the bear market bottom. Also if the bottom were to be put in on the 15th of December. somewhere around there.
Going live in an hour to make sense of the past 24 hours and what lies ahead for the market.
Hope to see you all there! Should be a good one to close out the week.
Going live with
@kshanft
for the Weekly Close over on the Outsider Trading YouTube channel at 3pm EST.
- Crypto sell off
- Crisis in China
- Technical analysis for the week ahead
Link in bio!
Regional bank contagion bleeds up to the midsize and big boys.
Literally one bank is enough to fuck up repos and liquidity… given no one bails them out and people think we are in a bull market.
Again, none of this is FA, just behavior I am seeing in PA and where support and resistance lies for some assets. I have no position on ETH or BTC, but their PA absolutely impacts alt trading pairs.
Look at all this content!
If you miss our livestream of MONEY NEVER SLEEPS, remember you can always catch up on market news by watching the upload.
-K, mns
I'm open to the idea we get one last squeeze. I also am open to the fact shit hits the fan sooner than everyone thinks.
Regardless of the immediate now, nothing can change the inevitable path of global financial markets.
Seeing the TOTAL3 chart, a break from that parallel channel could send it below 300B in market cap, in turn I do anticipate ETH correcting strongly in the coming months, as we are going to enter overbought on the monthly at the end of July.
@NMinvestments
December 8th, big day. I think that’s where we begin to see visual confirmation on charts that this game of chase is coming to an end.
Unemployment and stock buyback window closes.
I won’t ever be the person to say I TOLD YOU SO. Just don’t have that level of spite in me.
But I have no problem telling you that you are wrong. And you are all wrong.
Happy New Year!
ETF!? ETF!? ETF!?
Fuck your ETF. 60% of you don’t even know what ETF stands for, meanwhile 90% of the ETF news has been priced in.
You’re in it for the tech and decentralization until you need big boys to pump your bags.
I hope you enjoy the 18% drop following your ETF.
Some thoughts…
- Price increasing against decreasing volume on daily thru 12 month charts
- OI is dropping as price increases
- Funding rates are dangerously high and nobody cares
- Whenever BTC is maxed out on sRSI on monthly chat it has marked a top
Going live with
@JWeb777
at 3pm EST on MNS!
CPI, PPI, STI… they’re all coming in hot again.
Going over:
- PPI data & market reaction
- Microstrategy & historical price context
- Palantir stuff
- BTC pullback & funding rates
LINK IN BIO!
Going live today at 3pm EST with
@mrR0bertH0use
for today’s episode of Money Never Sleeps (link in bio).
- NVIDIA reverses post market gains
- Country Garden in shambles
- DXY taking off as BTC looks for next move
Going to be a good time, hope to see you all there!
Apologies from
@JWeb777
and I, due to some technical difficulties, there was no episode of MONEY NEVER SLEEPS on our YT channel. We will be back next week.
To keep everyone up to date with what we are seeing/looking at going into next week, here are some key takeaways…
🧵🧵🧵
Balls of Steel.
You're gonna need them to navigate this market. You can always check out our episode on YT if you missed the live stream. Drop a comment or question you might have!
We stream Mondays and Thursdays!
Going live at 3pm EST with
@JWeb777
on MNS.
It’s ETF mania out here… everyone forgot about their bills and focusing on their bags being pumped.
Going over:
- BTC dominance
- Strange transactions in crypto
- Tesla & Samsung
- TradFi ahead of CPI
LINK IN BIO!
For everyone who is bullish on BTC price action, do not deny manipulation.
TL;DR
- FDUSD's market cap is 3.3B
- Binance holds 3.28B FDUSD
- BTC/FDUSD on Binance is the top traded pair for BTC.
Some will deny that significance, but it really is no different than BUSD or TUSD.
It's funny how everyone is supporting these exchanges and shitting on the SEC.
I take no sides, but the SEC has the right to go after these exchanges. I don't care if that is unpopular. Fraud is fraud and more people will be/have been hurt by these exchanges.
You know capitulation is near when everyone is excited by a short squeeze following the collapse of three banks holding funds of multiple blockchain companies.
Being exit liquidity will never be fun.
$BTC $DXY $SIVB
Here is a small sample of why you should never take any advice from crypto influencers.
A CZ love train, who think he's stepping down, when he's just admitted to money laundering and sanction violations.
Imagine this response if SBF had "stepped down" before he was caught 🤦♂️
My favorite thing now is the media, politicians, your favorite influencers, the bankers, & the experts will write this off as something nobody could have seen coming, a black swan that destroyed the US's growth trajectory. A terrible lie.
All you had to fucking do was look.
Excited to be launching a new YouTube channel with
@kshanft
! We're going to be doing daily shows focused on the crypto and stock markets.
If you could do me a massive favor and subscribe through the link in my bio or the below tweet that would be greatly appreciated!
None of you are in it for the tech. You’re all in it for the money.
If you say NO IM NOT! then invest in toasters.
You want your bags to pump off the ETF news.
Everyone ignored Evergrande contagion. Soon they will be forced to acknowledge it.
No word just yet, but seeing the stock drop then be halted tells me there is knowledge to be had.
Remember the dip buyers…
There’s an R.E.M. song for this.
This is the BTCUSD pair on Binance, USDT pair hasn’t crossed yet, but a death cross is a death cross.
Add that with CPI data revisions, CPI data on Tuesday, UFOs, and so much more…
Head down, focus.
$BTC $DXY
It is damage control season. While they frantically try and survive, keeping everything afloat…
Assess. Control what you can control, everything else will fall into place.
We did a show today, discussing some important stuff. Back to our live shows tomorrow, but if you wanna stay in the loop til then, why not give it a watch?
New episode of Money Never Sleeps with
@kshanft
is up on YouTube!
- Burry shorts the $QQQ and $SPY
- Warren Buffett's bet on housing
- $TSLA in a corrective downside pattern
Link in bio!
Going live on YouTube with
@kshanft
at 5pm EST.
If you aren’t paying attention to whats happening outside of NFTs then you are missing the big picture.
Link in bio.
I've said this before, but if you're not doing your TA late at night, listening to the Dead Souls cover by NIN butt ass naked as the DXY crosses 103...
what is stopping you?
CHINA'S 2ND LARGEST REAL ESTATE DEVELOPER
#EVERGRANDE
FACES DISSOLUTION IN BANKRUPTCY COURT TOMORROW, DECEMBER 4TH‼️
GLOBAL BANKS HOLD NEARLY $1 TRILLION IN
#BONDS
AND LOANS OF EVERGRANDE R.E. COMPANY AND THEIR FAILED ELECTRIC VEHICLES DIVISION.
IF BONDHOLDERS ON DEC 4TH DONT
We will be going live for an early livestream in the morning: 9am EST on MONEY NEVER SLEEPS. Will be joined by
@mrR0bertH0use
!
We will be discussing:
- CPI & futures market reaction
- Fake XRP ETF
Link will be in bio later tonight!
Humanity’s inability to learn from the past is The Great Filter.
You weren’t alive in 1929, 1987, 2000, too young in 2008… but this time is different.
It’s always different until it isn’t, and then we are hedgehogs just trying to collect whatever coins we can.
So Asia has had some really bad data come through and oil is hitting 3 month highs...
We've also seen the price of meat and other goods increase...
Are markets going to buy ahead of CPI? Are we going to sell the news, because if CPI comes in hot...
September & October.
Uncapped creates a greater issue down the line. Spending is out of sight, out of mind, and out of control.
If we think macro, this is the last thing you want for a sustainable bull run in 2025.
But we are greedy, down, and ignorant… there was no winning in any resolution.
Wrapping up the week with
@mrR0bertH0use
at 3pm EST on MNS!
Going over:
- Banking crisis
- BTC pump
- GDP & PCE
- Oil price & global impact
- Cost saving job cuts
LINK IN BIO!
55% of deposits over 250k
At least 73% of their short term FHLB loans operating as percentage of equity.
They are up there with Truist, Schwab, Keybank, Northern Trust.
What if I said I wouldn’t be surprised XRP still hasn’t bottomed and 0.17-0.22 are potential targets if I’m right?
Let’s see if we close the month under 0.64. If we do, we are overbought and back in the channel again.
Going live at 3pm EST.
Closing out the week with some news out of Jackson Hole… joined once again by
@mrR0bertH0use
as we look at:
- Powell’s speech
- Important weekly close for the DOW
- PEPE croaks
- DXY looks for the chance to take off
Link in bio for live stream!
Going live with
@JWeb777
at 3pm EST on MNS!
What a grande time to be at ATHs.
Going over:
- Evergrande liquidation
- BTC & alt pump
- VIX
- Week Ahead (data/earnings)
LINK IN BIO!
I can never give you financial advice, I’m in no way a financial advisor.
What I can tell you is, staying solvent is survival. This market will break you, will humble and make you second guess every valid and reasonable approach you have to this game…
Cash flow buys time.
Let me tell you this, SEC or not… the perfect storm has been brewing between setting up for this exact moment. SEC was just the straw that broke the camels back for the short term, more to come.
Going live at 1:30pm EST.
So much has happened in the past 24 hours.
Is this downgrade another step closer to a complete credit meltdown?
Let’s find out. Join us live as we sift through the latest news and how markets are reacting.
Hope to see you all there!
If you’re not watching the Super Bowl on Nickelodeon, you’re missing the greatest thing I’ve ever witnessed.
Seriously, just watch a few minutes of it on Nickelodeon. Patrick Mahomes got sacked and Krabby Patties popped out of him.
Ledger, a company making hardware wallets for crypto investors, will lay off 12% of its workforce as it conserves resources to weather a protracted industry downturn