Hoth Posted May 19, 2021 Share Posted May 19, 2021 25 minutes ago, STILL N OF PIKE said: Could see this down below 1.50 shortly Today is going to be influential on what prices do for stocks and crypto for a few weeks We either recover now or things go on sale . Hedge funds and institutions were very big net sellers since Mid April Federal reserve will parade a bunch of Fed Governers(bankers) in front of TV As they have every single day for the last year. It's ridiculous. 1 Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted May 19, 2021 Share Posted May 19, 2021 9 minutes ago, Hoth said: As they have every single day for the last year. It's ridiculous. Larry summers speaks at 10am at Atlanta Fed and he has been vocal of saying “You’ve done 2 much , tighten policy “ not a favorite thing For markets to hear But as you know , In this sea of liquidity , there have been many surprising kick saves when charts looked dicey in the last year 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 19, 2021 Share Posted May 19, 2021 6 minutes ago, STILL N OF PIKE said: Larry summers speaks at 10am at Atlanta Fed and he has been vocal of saying “You’ve done 2 much , tighten policy “ not a favorite thing For markets to hear But as you know , In this sea of liquidity , there have been many surprising kick saves when charts looked dicey in the last year For sure. I was interested to see UBS expects the 10 year to yield 1.9% by the end of June. Take with a grain of salt, but if it does play out that way you would probably see some fireworks. Link to comment Share on other sites More sharing options...
Lava Rock Posted May 19, 2021 Share Posted May 19, 2021 Lol at the crypto tankage Link to comment Share on other sites More sharing options...
dendrite Posted May 19, 2021 Share Posted May 19, 2021 1 hour ago, STILL N OF PIKE said: Could see this down below 1.50 shortly Today is going to be influential on what prices do for stocks and crypto for a few weeks We either recover now or things go on sale . Hedge funds and institutions were very big net sellers since Mid April Federal reserve will parade a bunch of Fed Governers(bankers) in front of TV 1.40 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted May 19, 2021 Share Posted May 19, 2021 Stocks, oil, crypto’s and precious metals all in the red. Silver is such a manipulated punching bag. Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted May 19, 2021 Share Posted May 19, 2021 5 minutes ago, Lava Rock said: Lol at the crypto tankage Just ignore and check in a few weeks. 2 Link to comment Share on other sites More sharing options...
PhineasC Posted May 19, 2021 Share Posted May 19, 2021 7 minutes ago, Lava Rock said: Lol at the crypto tankage If the grandpops are in and even I am in, that usually means a crash is coming. 1 2 Link to comment Share on other sites More sharing options...
Lava Rock Posted May 19, 2021 Share Posted May 19, 2021 2 minutes ago, HIPPYVALLEY said: Just ignore and check in a few weeks. you think it'll fall a lot more this week? i almost bought some last week, but maybe this week? hard to know how low they'll go. Link to comment Share on other sites More sharing options...
tamarack Posted May 19, 2021 Share Posted May 19, 2021 Back to the "other" banter subject: Maine is looking really weird concerning COVID - top 5 in vaccination percentage, also top 5 in new cases per 100k. Not quite the logical trend, especially since state regs have been on the very conservative side, though that's scheduled to change on 5/24. However, the fatality rate is running <0.5% so maybe most new cases lean toward the younger and less vulnerable folks. Link to comment Share on other sites More sharing options...
dendrite Posted May 19, 2021 Share Posted May 19, 2021 BTC down $25k in a week. Link to comment Share on other sites More sharing options...
UMB WX Posted May 19, 2021 Share Posted May 19, 2021 11 minutes ago, Lava Rock said: you think it'll fall a lot more this week? i almost bought some last week, but maybe this week? hard to know how low they'll go. Just bought 150's ltc. now how low can we go. 1 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted May 19, 2021 Share Posted May 19, 2021 12 minutes ago, Lava Rock said: you think it'll fall a lot more this week? i almost bought some last week, but maybe this week? hard to know how low they'll go. BTC could do a 50% Fibonaci retrace which would get us down 31K to 32K area. During down times the market does what bitcoin does. I was watching a video last night and the guy was talking about the Bitcoin and Ethereum outflows. The institutions are doing some selling but it’s more the retail investors panicking and giving the whales cheap crypto. Link to comment Share on other sites More sharing options...
Hoth Posted May 19, 2021 Share Posted May 19, 2021 14 minutes ago, PhineasC said: If the grandpops are in and even I am in, that usually means a crash is coming. Are you the shoeshine boy for this cycle? Link to comment Share on other sites More sharing options...
PhineasC Posted May 19, 2021 Share Posted May 19, 2021 Just now, Hoth said: Are you the shoeshine boy for this cycle? Yep, probably. If you start hearing investment excitement from me, that means the smart money has long since pulled out where it could. 1 Link to comment Share on other sites More sharing options...
Lava Rock Posted May 19, 2021 Share Posted May 19, 2021 15 minutes ago, tamarack said: Back to the "other" banter subject: Maine is looking really weird concerning COVID - top 5 in vaccination percentage, also top 5 in new cases per 100k. Not quite the logical trend, especially since state regs have been on the very conservative side, though that's scheduled to change on 5/24. However, the fatality rate is running <0.5% so maybe most new cases lean toward the younger and less vulnerable folks. yeah, I was pointing this out recently. We're some kind of outlier, although I heard that maine cdc labs is using a PCR Ct = 45. Whittonsville will cringe at that. Link to comment Share on other sites More sharing options...
dendrite Posted May 19, 2021 Share Posted May 19, 2021 7 minutes ago, UMB WX said: Just bought 150's ltc. now how low can we go. I kinda wanna jump in. ADA around a buck. LTC 150. Waiting it out a little longer. Link to comment Share on other sites More sharing options...
Hoth Posted May 19, 2021 Share Posted May 19, 2021 These crypto crashes often have preceded general market corrections by a month or so. I'll be curious to see if history repeats. Link to comment Share on other sites More sharing options...
Hoth Posted May 19, 2021 Share Posted May 19, 2021 BTC at $30k. What a dump the last few weeks. How many margined investors are getting their asses handed to them today? Link to comment Share on other sites More sharing options...
Supernovice Posted May 19, 2021 Share Posted May 19, 2021 10 minutes ago, HIPPYVALLEY said: BTC could do a 50% Fibonaci retrace which would get us down 31K to 32K area. During down times the market does what bitcoin does. I was watching a video last night and the guy was talking about the Bitcoin and Ethereum outflows. The institutions are doing some selling but it’s more the retail investors panicking and giving the whales cheap crypto. There is very very very little institutional money in crypto. Like next to none. just checking in and saw the sell off accelerating as we near the open. Has me thinking...maybe I should finally complete the KYC process so I can buy some of this crap in the next 24-48 hours. Link to comment Share on other sites More sharing options...
PhineasC Posted May 19, 2021 Share Posted May 19, 2021 How's the dog coin doing? Link to comment Share on other sites More sharing options...
PhineasC Posted May 19, 2021 Share Posted May 19, 2021 11 minutes ago, Supernovice said: There is very very very little institutional money in crypto. Like next to none. just checking in and saw the sell off accelerating as we near the open. Has me thinking...maybe I should finally complete the KYC process so I can buy some of this crap in the next 24-48 hours. I'm going to buy a little ADA too. Seems like a decent bet at around a dollar or so. Maybe I turn it around and double my money. I think people with small fortunes locked up in this stuff are crazy. Link to comment Share on other sites More sharing options...
bch2014 Posted May 19, 2021 Share Posted May 19, 2021 6 minutes ago, PhineasC said: How's the dog coin doing? Off 32.6% over the last 24 hours. Glad I stayed away from the crypto trade in recent weeks. I’m sure long term holders are still going to end up way ahead but I never want to be the last one in the door to any asset class. Meanwhile, stocks and bonds are getting smoked too, but we are due for that. 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted May 19, 2021 Share Posted May 19, 2021 16 minutes ago, Supernovice said: There is very very very little institutional money in crypto. Like next to none. just checking in and saw the sell off accelerating as we near the open. Has me thinking...maybe I should finally complete the KYC process so I can buy some of this crap in the next 24-48 hours. https://www.google.com/amp/s/www.forbes.com/sites/michaeldelcastillo/2020/08/06/valuable-sec-data-on-20-institutional-bitcoin-investors-could-soon-disappear/amp/ Link to comment Share on other sites More sharing options...
PowderBeard Posted May 19, 2021 Share Posted May 19, 2021 VIX calls and SPY puts for the win! lol 1 Link to comment Share on other sites More sharing options...
PhineasC Posted May 19, 2021 Share Posted May 19, 2021 3 minutes ago, bch2014 said: Off 32.6% over the last 24 hours. Glad I stayed away from the crypto trade in recent weeks. I’m sure long term holders are still going to end up way ahead but I never want to be the last one in the door to any asset class. Meanwhile, stocks and bonds are getting smoked too, but we are due for that. Yeah, it's way too jumpy for me. I am buying a little to just play around with. It makes it easier to buy different coins if you already have some crypto to exchange. So even more like certain casinos or perhaps the arcade with the tokens. LOL Link to comment Share on other sites More sharing options...
Supernovice Posted May 19, 2021 Share Posted May 19, 2021 2 minutes ago, HIPPYVALLEY said: https://www.google.com/amp/s/www.forbes.com/sites/michaeldelcastillo/2020/08/06/valuable-sec-data-on-20-institutional-bitcoin-investors-could-soon-disappear/amp/ So exactly like I said- next to none...20? and how much AUM dedicated to cryptos? I'm not trying to pick a fight here. I just know this space extremely extremely well. My pt was...there is not institutional money here as a backstop to stop this slide. 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 19, 2021 Share Posted May 19, 2021 Wonder if we see another Archegos style blow up today. Gotta be at least a few overleveraged players in crypto blowing up. 2 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted May 19, 2021 Share Posted May 19, 2021 45 minutes ago, HIPPYVALLEY said: BTC could do a 50% Fibonaci retrace which would get us down 31K to 32K area. During down times the market does what bitcoin does. I was watching a video last night and the guy was talking about the Bitcoin and Ethereum outflows. The institutions are doing some selling but it’s more the retail investors panicking and giving the whales cheap crypto. @Lava Rock Just like clockwork, we hit under 31k support and the whales come rushing, in to run a train on all of the paper hands and scoop up the bargain basement prices. 1 Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted May 19, 2021 Share Posted May 19, 2021 Ethereum touched 1950 $ down from 4000 back to mid 2’s some smart folks say If SP500 can stay above 4055 then we can bottom here and big rally in crypto would be coming . Worth watching that level ADA down to 1.32 now Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now