Basically and technically the whole crypto space is a huge mess

Ethereum support crashes down. Most of the cryptocurrencies discussed, including Bitcoin, Dozecoin and Coin, were mentioned in Etherium 1: 1.


Ethereum chart courtesy of StockCharts.Com Note by Mish

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Bubbles optimized on liquidity

The same force that drove the stock market to insane levels is exactly the same force that drove the whole crypto space, even more so.

ARKK Innovation Fund

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ARK Innovation Fund Chart courtesy of StockCharts.Com by note mix

Same crypto driving forces as stock

  • Three rounds of financial stimulus with free money
  • Eviction suspended
  • QE lowers interest rates to $ 9 trillion by 2020
  • The Fed will continue its QE until March 2022

In short, the explosion in crypto space and the stock market was a liquidation-driven event.

Remove the fad

Here are some friendly tips on how to sort what I just said

Self-powered data loop

The Duo Nine has a nice 13-channel tweet feed with self-powered stream loops so you can hear only what you believe.

Following such advice has taken Luna to zero. But Duo Nine removes everything for you so that you only pay attention to its choice. And if you believe her, Luna is not hidden, it’s the joy she follows.

Ethereum monthly chart

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Ethereum monthly chart Note courtesy of StockCharts.Com by Mish

Please note that crashing into the 333 will only bring back one and a half year profits.

Worst case 1000? !

Questioner 1000

fxsoriginal

Can’t go 100? !

fxsoriginal

How the market works

  • Markets are driven by liquidity and sentiment rather than earnings
  • We have a liquid bubble.
  • Like dotcom bubbles, people basically believed what tulips were.
  • Everyone was sure that their things were immune.
  • Low interest rates and the tide of QE has turned
  • True believers will sink with the ship

Information on the subject

  • The entire crypto space launched by Bitcoin in 2009 saw only a series of low interest rates and QE rounds.
  • The latest round of QE drives the Fed’s balance sheet to $ 9 trillion
  • The latest round of rate cuts has brought the Fed Funds rate to zero
  • In addition to the cash issued by the Fed, we received three rounds of free money from Congress.
  • The above elements have created a huge bubble in stock, housing and crypto space.

Bitcoin Demarc account

“TC BTC is the lowest weekly closing for #Bitcoin in the last 12 months. Don’t worry because BTC can only be an image of someone’s imagination, so the price can be anything. DeMark counts / levels are terribly bearish daily and monthly while supporting weekly bounce.

I wanted to count DeMark but got no answer.

Instead, here are some graphics from me.

Bitcoin daily chart

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Bitcoin monthly chart Note courtesy of StockCharts.Com by Mish

This is an unusually tight range for Bitcoin. Today’s question is distribution or savings?

I’ll go for the latter because the whole crypto space is working this way and the Fed is withdrawing cash fast.

Bitcoin monthly chart

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Bitcoin monthly chart Note courtesy of StockCharts.Com by Mish

Technically, there is no monthly support up to 1000 levels. And it only works to snatch a 1.5 year profit.

DogeCoin Weekly Chart

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Dogecoin weekly chart Note courtesy of StockCharts.Com by Mish

A reason on Dogecoin support. And if it returns to where it was at the beginning of 2021, it will trade for about one percent or a tenth of it.

Given that the piece was introduced as a joke and doesn’t solve anything, why should anyone expect anything less?

Who sells?

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No one can buy unless someone else is dumping. Who is this?

Return to Ethereum.

Stacked Etherium (stETH) can cause crypto crashes

Please consider that Stacked Etherium (stETH) may be the cause of a crypto crash, here is a comment

The token, which is supposed to be redeemed at a 1: 1 rate against ETH, is currently trading at $ 1,513.14, down 10% in the last 24 hours. In comparison, ETH is trading at 1,582.

STETH has been unpacked since Thursday night, with Alameda Capital, one of the largest holders of stETH, following a massive ারের 1.5 billion dump due to the loss of the first wave. Almeida has sold all holdings of its tokens.

There is no direct connection of stETH with the price of ETH. Once the merger is effective, it can only be exchanged with ETH, the date of which is currently unknown.

But the initial role of tokens as parallels in DeFi platforms like AAVE and Lido could have serious consequences for DeFi. Heavy losses in STETH also led to panic in Ethereum.

Celsius, Lido can be caught in crossfire

But even if STETH has a minimal effect on the price of ETH, its key role in ETH mining in DeFi could burn out in the case of high exposure.

Currently, the DeFi platform Celsius has many client funds locked into stETH, subject to redemption. If customers are alarmed by the current recession of STETH, this could be the reason for running a bank that will overload Celsius with redemption, leading to a potential liquidity crisis.

DeFi Major AAVE and Lido, who hold large tokens, may also experience a liquidity crisis if SETH sales intensify.

Presumably stable

Here we go again. Another crypto is linked to a second crypto that is said to be “stable”.

In this case our mixture contains Celsius, Stat, AAVE, Lido and Etherium.

I will try to explain the comments of others and why there is nothing to worry about, but can consider any chart should be concerned.

And that concern should be with or without a cash drain.

I have countless more tweets telling me why I’m wrong and why they believe everything is different.

Here is a tweet that makes sense.

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BTC is the ultimate index which I would call trivial industry. Influential, pro gamers, bloggers and money-making bloggers rarely do anything fruitful. It thrives when interest rates are zero and the economy has plenty of workers.

Don’t worry

Everyone “knows” that what I have described cannot happen. I have great authority that it would take a nuclear war to get the cryptos back 1.5 years of earnings.

It just can’t happen. Meanwhile, back in the real world, let’s talk about inflation.

Why did economists blow CPI economists so badly this month?

Assuming you’ve gotten so far, implies you’re not a cryptohead, please consider

Then think about what this might mean for overall liquidity.

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