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The Swamp

  • #84,041
  • Apr 17, 2021 11:03pm Apr 17, 2021 11:03pm
this is what a 1h 12k pip candle looks like
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those who can, do. those who cant, talk about those who can
  • #84,042
  • Apr 17, 2021 11:25pm Apr 17, 2021 11:25pm
fyi
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  • #84,043
  • Apr 18, 2021 12:55am Apr 18, 2021 12:55am
Quoting Boulder
fyi {image}
that's the only report i found also,
on Bloomberg it ads that some financial institution have involved in money laundering

futures are closed we may get another wave then

also I've read on some coins you can use leverage so by the time Asia opens we can see some margin calls

48K should be an important support for the trend
60K new resistance

ETH looks a little better with
S = 1650
R - 2200 - pretty much where it is
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,044
  • Apr 18, 2021 4:03am Apr 18, 2021 4:03am
Quoting gatorinla
{quote} well if your using a ma, it has a close setting etc. So if the different exchanges, with different close times. The ma will not line up. I disagree about the closes. But that's not saying that one isnt best to use. I think they are important I recently started tracking them. The best way to figure that out, I think is the week. My icu account closes for a few hours on Sunday. So it has a gap usually. I tried to use it's Sunday close, but it not working. So far, the best one for the week. Is 5 est Saturday. So if 5est is working for the week....
oh yeah the closes are definitely important. might have worded it wrong last night. what i wanted to say rather is i have not looked into it enough in crypto yet to have a strong / more or less factual opinion on which one works best / should work best. i will have a look at 5pm saturday closes. have not checked that one yet.

yes the MAs will be different when coinbase does its mega premium thing in times of high volatility. this night was prime example again of large coinbase premiums probably from grayscale & co buying.

the intend of my first post was in general about your opinion on the largish coinbase price divergences from all the other exchanges in general for charting.

most days it wont matter to much as the high/lows/closes seem to be similar most of the time. only binance is usually always off and also renders pivots etc useless consistently while all others behave almost to the pipp probably since e.g. coinbase will print higher highs but at the same time also lower lows just like yesterday consistently still creating the same pivots,levels etc in relation to price vs e.g. bitstamp / index. things like ETCUSD yesterday do screw the shorter term MAs though although that might just be low liquidity ETC thing. usually at least in BTC etc they are not that far off.

great call on that 57ish. did actually sell half 61ish and had limits on 57 for the night. far away from the actual bottom of course but well free btc so not going to complain.

also loaded more on link, vet, etc, dot with pendings. of course did not envision that kind of a drop but oh well cant complain and we are probably going to see lower anyways for more oportunities.
  • #84,045
  • Apr 18, 2021 5:58am Apr 18, 2021 5:58am
Quoting DMA Trader
{quote} that's the only report i found also, on Bloomberg it ads that some financial institution have involved in money laundering futures are closed we may get another wave then also I've read on some coins you can use leverage so by the time Asia opens we can see some margin calls 48K should be an important support for the trend 60K new resistance ETH looks a little better with S = 1650 R - 2200 - pretty much where it is
cryptos are used by many illegal organizations, North Korea, terror groups, loan sharks yet many dive into it, which indirectly helping them to prosper.
  • #84,046
  • Apr 18, 2021 6:25am Apr 18, 2021 6:25am
Quoting mixedbags
{quote} cryptos are used by many illegal organizations, North Korea, terror groups, loan sharks yet many dive into it, which indirectly helping them to prosper.
complete bs. do a drug test on your fiat bills.

matter of fact pretty much all agencies absolutely love the transparency and cashout at the end problem of cryptos. xmr, crypto for cash in person does not change this and is just a minor inconvienience for them in that regard.
  • #84,047
  • Apr 18, 2021 6:37am Apr 18, 2021 6:37am
Quoting fyer
{quote} complete bs. do a drug test on your fiat bills. matter of fact pretty much all agencies absolutely love the transparency and cashout at the end problem of cryptos. xmr, crypto for cash in person does not change this and is just a minor inconvienience for them in that regard.
I always roll my dollar bill to chase the dragon. Brown sugar still tastes so sweet.
  • #84,048
  • Apr 18, 2021 6:39am Apr 18, 2021 6:39am
Quoting mixedbags
{quote} cryptos are used by many illegal organizations, North Korea, terror groups, loan sharks yet many dive into it, which indirectly helping them to prosper.
While US citizens makes money from cryptos, cryptos will exists, but as soon as US citizens looses money from cryptos, cryptos will be prohibited for US citizens and will value nothing worldwide...
I am who I am
  • #84,049
  • Apr 18, 2021 8:03am Apr 18, 2021 8:03am
Quoting DMA Trader
{quote} that's the only report i found also, on Bloomberg it ads that some financial institution have involved in money laundering futures are closed we may get another wave then also I've read on some coins you can use leverage so by the time Asia opens we can see some margin calls 48K should be an important support for the trend 60K new resistance ETH looks a little better with S = 1650 R - 2200 - pretty much where it is
I dont think news is necessary. I think Yellen hinted this possibility. New Russian sanctions came out last week. One way for dictators all around the world. To steal their countries natural resources wealth, is with cryptos. Unlike in the past chests of gold or pallets of usd. A crypto can be carried in their head. Its the easiest way to launder money out their country. Where its out of reach for governments to seize. The U.N. has a long standing agreement, to seize a countries laundered money. Usually all dictators try to get the assets out of a country. Just in case they are overthrown. They can flee to a accepting country with wealth.

Physical drug money can be turned into crypto, if one finds a willing bank to accept physical deposits. Pallets of $ going through a bank are not as easy to hide.

Electronic natural resources money (a dictators stole wealth) is easily accepted. It can be moved to other accounts, with a push of a button. Once in a account, it can changed to a crypto easily. At that point, virtually untraceable. Cryotos are a double edge sword.
Quoting gatorinla
{quote} U.S. Is likely to put newer sanctions on Putin and friends soon. I suspect crypto is in that WH discussion.
Quoting gatorinla
Bitcoin:4h closed below the purple. Today the month ends. I think a close below 44,678 (month) would be moderate bearish. Smaller tf now below 43,668 could run now. I did think 52,5xx again, before 31,xx. Maybe not, after Yellen comments. I think the U.S. Treasury will reel cryptos in some, and E-Union (U.S. alias) will follow to screw Putin and others. {image}
Quoting gatorinla
{quote} {quote} Did you hear Janet Yellen? Did you hear what she's tellen. Since, what are you smellen? What's the easiest way for Putin to get out the stolen money? Don't you think that treasury knows this. Bitcoin's strength is also it's weakness.
Quoting gatorinla
{quote} The Russian oligarchs and others with questionable illegal assets. May be the ones forcing Bitcoin rise now. Ahead of a new president. More willing to monitor wealth moves. Just thinking out loud. A rush to launder/Tax $ to Bitcoin may be doing this. Since election, Bitcoin is on a terror. More so since yesterday's electoral college confirmation.
Quoting gatorinla
{quote} Yeah, Bitcoin looks that way. The sky is the limit. Unless we get another terrorist attack, or drug crackdown. If NATO wants to put the screws on Putin. I'm just saying. Russian sanctions may be coming. Bitcoin is a way to get around sanctions or terrorist's $. With a new president repairing NATO relations. NATO as a group, may want to reign Bitcoin in. International banking laws may change. I haven't read this anywhere yet. I'm trying to think a few steps ahead. This is a weakness I see in Bitcoin.
those who can, do. those who cant, talk about those who can
  • #84,050
  • Apr 18, 2021 8:07am Apr 18, 2021 8:07am
Quoting gatorinla
{quote} I dont think news is necessary. I think Yellen hinted this possibility. New Russian sanctions came out last week. One way for dictators all around the world. To steal their countries natural resources wealth, is with cryptos. Unlike in the past chests of gold or pallets of usd. A crypto can be carried in their head. Its the easiest way to launder money out their country. Where its out of reach for governments to seize. The U.N. has a long standing agreement, to seize a countries laundered money. Usually all dictators try to get the assets...
Trade to enjoy... Money is after!
  • #84,051
  • Apr 18, 2021 8:26am Apr 18, 2021 8:26am
Quoting gatorinla
{quote} I dont think news is necessary. I think Yellen hinted this possibility. New Russian sanctions came out last week. One way for dictators all around the world. To steal their countries natural resources wealth, is with cryptos. Unlike in the past chests of gold or pallets of usd. A crypto can be carried in their head. Its the easiest way to launder money out their country. Where its out of reach for governments to seize. The U.N. has a long standing agreement, to seize a countries laundered money. Usually all dictators try to get the assets...
I placed Putin (dictators) at the top of this list. It could also be a politician taking a untraceable bribe. A rich dictator of country A, could buy a politician in country B. So B turns a blind eye to A's activities.

Or a rich guy/guys could own a politician (or many politicians) with a untraceable asset. To get a tax break/ favorable laws. Stranger things have happened.

If it hasn't happened yet, it will.
those who can, do. those who cant, talk about those who can
  • #84,052
  • Apr 18, 2021 8:38am Apr 18, 2021 8:38am
what would you see as "reigning in"
  • #84,053
  • Apr 18, 2021 9:00am Apr 18, 2021 9:00am
Quoting fyer
what would you see as "reigning in"
cryptos is about transparency. As transparent as legalizing marijuana.
So move on LSD is reigning in my brain right now.
  • #84,054
  • Apr 18, 2021 9:25am Apr 18, 2021 9:25am
some blaming Bitcoin drop on a large power outage in China
those who can, do. those who cant, talk about those who can
  • #84,055
  • Apr 18, 2021 9:56am Apr 18, 2021 9:56am
Quoting gatorinla
some blaming Bitcoin drop on a large power outage in China
Bitcoin falls as Turkey bans cryptocurrency payments

Maybe more countries will ban crypto in the coming days but heck many policies makers are making used of cryptos to cover their footprints
  • #84,056
  • Apr 18, 2021 9:57am Apr 18, 2021 9:57am
Quoting gatorinla
some blaming Bitcoin drop on a large power outage in China
was yesterday or even the day before i think. mining town went black. 40% hashing power gone but most of it has already crawled back up. considerably more chatter about yellen/gensler. might have all been a combo then triggering maximum leveraged weak top to correct with some juicy SLs triggered.

timing wise though the blackout / drop in hash power was before and the larger drop lagged far behind so the final push might indeed have been the yellen/gensler stuff that came out same time on twitter.
  • #84,057
  • Edited 10:28am Apr 18, 2021 10:11am | Edited 10:28am
Quoting gatorinla
{quote} I dont think news is necessary. I think Yellen hinted this possibility. New Russian sanctions came out last week. One way for dictators all around the world. To steal their countries natural resources wealth, is with cryptos. Unlike in the past chests of gold or pallets of usd. A crypto can be carried in their head. Its the easiest way to launder money out their country. Where its out of reach for governments to seize. The U.N. has a long standing agreement, to seize a countries laundered money. Usually all dictators try to get the assets...
1 - I've read about last week sanctions with Russia but they don't mean much, US/UK investors are about 10% of all the debt market in Russia, so this can't do much harm and with yields on Russia are about 7% for a 10y note so while US banks are banned from buying Debt from 30 April i don't think they will now have a lot of buyers from China or other countries especially since Friday yields went up about 0.7%
Now they are into a game of chess kicking out diplomats from France, Czechia, Poland and so on.
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2 - I don't believe you can anonymously buy crypto like they don't know how to find you or no one knows. Yeah you can get into some exotic coins and try to figure it, but i don't believe bitcoin is the only way you can launder money. When they got Gadafi, he had so many assets that were blocked on confiscated all over the world. How many dictators are left ? Sure you can maybe transfer money easily than with all the banking regulation but i don't think you cannot work with banks as you wish today. So i just don't see this as a problem. Of course they will try to put more lights into transactions but it's not like you can hide everything with bitcoins.



3 - Crypto had it's huge raise now some selling, also not huge liquidity on a Sunday. ARK bought shares of Coinbase in the second day about $380 M, Coinbase CEO sold about $300M worth of shares, disclosure was into the weekend so you will have some volatility at this prices. maybe even a pullback, some buyers are in 53K. bicoin can easy go to 30.000 and still be in a bull trend. i am pretty sure you have a lot of leverage players that got hit today and got stopped because move was below last drop in march 25.

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4- Strange thing was the move in gold and bonds and gold Thursday/Friday, on the other hand if it' something to take into consideration is if you get some sort of a margin call on crypto they can drag other markets. we will see tonight
Others refer to some blackouts in Xinjiang, and the coal mine explosion from April 10.

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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,058
  • Edited 11:39am Apr 18, 2021 10:19am | Edited 11:39am
btw also looking through the sanction stuff. it seems none of the sanctioned addresses are BTC.

correction: there are btc addresses in there.
  • #84,059
  • Apr 18, 2021 10:55am Apr 18, 2021 10:55am
Quoting DMA Trader
{quote} 1 - I've read about last week sanctions with Russia but they don't mean much, US/UK investors are about 10% of all the debt market in Russia, so this can't do much harm and with yields on Russia are about 7% for a 10y note so while US banks are banned from buying Debt from 30 April i don't think they will now have a lot of buyers from China or other countries especially since Friday yields went up about 0.7% Now they are into a game of chess kicking out diplomats from France, Czechia, Poland and so on. {image} {image} 2 - I don't believe...
They kick out spies posing as diplomats. All countries do it. 10%. not much? Your in the restaurant business. Take away 10% of your patrons. I dont see all ecb/NATO nations in that calculation. Yeah some will say the sanctions wont do much. Someone will fill the void. Those someone's want to be compensated at a higher rate. A slow cancer. Sure sanctions may not have much short term affect. But lets look at the larger picture. Just going green will have a amplified affect on Putin. The less oil consumption will have its affects. The Russian economy is 35%+ oil related. The sanctions were light handed on purpose. Its just a shot over the bow. They can be tightened further. The U.S. can send Europe more NG. This was just a love tap. A knockout punch would put those protesters with torches at Putin's castle gates.

Putin is the dictator in the crosshairs.
those who can, do. those who cant, talk about those who can
  • #84,060
  • Apr 18, 2021 10:59am Apr 18, 2021 10:59am
Quoting DMA Trader
{quote} 1 - I've read about last week sanctions with Russia but they don't mean much, US/UK investors are about 10% of all the debt market in Russia, so this can't do much harm and with yields on Russia are about 7% for a 10y note so while US banks are banned from buying Debt from 30 April i don't think they will now have a lot of buyers from China or other countries especially since Friday yields went up about 0.7% Now they are into a game of chess kicking out diplomats from France, Czechia, Poland and so on. {image} {image} 2 - I don't believe...
yeah I read about a coal fire under the ground decades ago..
those who can, do. those who cant, talk about those who can
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