patrick.net

G36 says

"Thomas Fitzpatrick, a senior executive at the U.S.-based financial giant Citibank

He is refered to as the MOON SHOT boy..... That is way to far ahead for my system of trade, for now I am following the strength of the 4hr which is reading "strong buy" and the follow through can be seen in the Vol rising, RSI >62 and gains in the ATR. On the longer time frames things are heating up but per my analysis there is still room which I am looking to sell around the 16800/17250+/- then buy the discount. https://invst.ly/sumza

Bitcoin ‘Decoupled’ Provides Limitless Profit Potential
https://weissratings.com/articles/bitcoin-decoupled-provides-limitless-profit-potential?mkt_tok=eyJpIjoiTVRFME9XWmxaV05sWXprNCIsInQiOiJjdkM0YWkxQlkzcnNzVThjUElKT25sRUQwNDFVQUZPeE1JMEV4cVwvdlBSZU1cL2tLNDNvenFRSHdjeXVFbWxRcDZOQm8zMnhwM0REUytFblhod1FGOFBZTjFDanBmWjVtZ1dVNGVBSXgyREJnNGdLT0Q4UDhvT1g3eHdBdWVzMXBMIn0%3D

Some interesting points, 1 argument I will make is watch how BTC reacts when the USD, BTC quote currency becomes over sold DX 88+/-?.
I still have all my positions due to USD weakness. As well DJI is looking to open -300+/- down atm... I am looking for BTC to test 17250 and it's reaction compared to
what the currency and equity markets are doing at the time.

Damn even the negative is a positive.
https://www.coindesk.com/druckenmiller-bitcoin-what-he-really-said
Bitcoin has more upside because of its market inefficiencies. Let that sink in: The very characteristics that many investors have cited as barriers to investment are what a renowned investor believes will award bitcoin a better performance.

Cash, congratulations! BTC ran up to your target range.

G36 says

target range

The price point on my dial is 17282.6 a breach of that area and DX staying down I will continue to hold. https://invst.ly/sv2-k
The coins I am stacking are BTC, ETH, SNX, LINK, XTZ, XRP and ADA

Buy Crypto, All the cool kids are doing it lmhao
#InstitutionalFOMO
It will be fun to watch crypto blowing up when the public finally goes #PublicCryptoFOMO
Banks creating crypto portfolios for their customers and then holding custodial and investment rights given them due
to "hell if most will know what the hell crypto is" They just will know they need some just like some metals.... lol

Cash says

G36 says

target range

The price point on my dial is 17282.6 a breach of that area and DX staying down I will continue to hold. https://invst.ly/sv2-k
The coins I am stacking are BTC, ETH, SNX, LINK, XTZ, XRP and ADA

Thanks for sharing! Freaking exciting times for crypto!!!

17500/18000/18250 on the way? ;) Plenty of room on the 4Hr for 17500 however some consolidation is in order at that area price is coming in hot so 18ks may have to wait atm https://www.tradingview.com/x/73RQNGGZ/

Cash, have you looked into trading crypto in a retirement account to avoid the tax impact?
Often they are for accredited investors and charge significant fees.

G36 says

trading crypto in a retirement account to avoid the tax impact?

I don't believe you can, in good time I think that will be possible once the banks start to use these instruments.

too bad....as you said, Bitcoin is still in its infancy.
Crypto is going nuts this morning. Great to watch!

G36 says

Crypto is going nuts this morning. Great to watch!

https://www.tradingview.com/x/J6aWYnSB/ If price can pop above with intent 18k is a easy soft tgt.... lol

I am assuming Cash_me_out is you? i gotta start following you on tradingview
Thanks!

G36 says

I am assuming Cash_me_out is you?

Who knows ;) Just to verify I'm not cashing out just yet.

Marc Andreessen: In 20 years, we’ll talk about Bitcoin like we talk about the Internet today
https://www.washingtonpost.com/news/the-switch/wp/2014/05/21/marc-andreessen-in-20-years-well-talk-about-bitcoin-like-we-talk-about-the-internet-today/
5years later
While the Global Economy Shudders, Andreessen Horowitz 'Excited' to Invest $500M Into the Crypto Industry
https://news.bitcoin.com/while-the-global-economy-shudders-andreessen-horowitz-excited-to-invest-500m-into-the-crypto-industry/

I am absolutely amazed with this crypto run. Market cap went from 400 to 500B in just a few weeks. Institution after institution is getting in but retail is un-aware (judging by google trends). Watch this curving up when BTC hits new ATH and the media is covering it day and night. Smart money comes first, retail later....

Cash, do you know where I can follow how many Bitcoin shorts are getting liquidated?

G36 says

I am absolutely amazed with this crypto run. Market cap went from 400 to 500B in just a few weeks.

Here is another amazing statistic dealing with capitalization w/i the crypto world "DeFi"in just 5 mo the gains have been exponential with a 1300% gain and I am anticipating an easy 700/800% more before a consolidation. however I guess we will see. . https://defipulse.com/
My main Defi coins "ETH is a must have" are the SNX, Link and ADA. SNX is basically the derivative king as far as DeFi is concerned as #1 holding Dominance of
83.69% and 9th in running in the DeFi ecosystem as a whole.

As far as BTC goes if it keeps tripping on price before it hits 18000 where a big sell wall waiting I am looking at 17350 for buyers to head back in and that could cancel the sells out and bring some FOMO of every kind... This volatility is just what I and most all traders are looking for, the more violent the better ;)

Thanks Cash!

I am planning on adding to my ETH position and also starting scaling into Link.
Can you buy SNX on Binance?

G36 says

do you know where I can follow how many Bitcoin shorts are getting liquidated?

A person can gauge some idea of trader sentiment using the depth charts (buy/sell walls) are you familiar? Also some use Crypto Fear & Greed Index Over Time https://alternative.me/crypto/fear-and-greed-index/ which is 5pts from the last recorded high 95 from this site 1 1/2 yrs ago... I love me some Greedy FOMO especially from institutional traders... What some may not realize the rich have money coming out of their butts , more then they know what to do with and a bunch will be entering this market.
Take it to the bank...

G36 says

Can you buy SNX on Binance?

You can as long as you are not a US citizen, even on Binance.us I can't trade due to the state in which I live, I guess it depends on state regulations as well as federal. Are you staking your ADA on the Daedalus wallet, I think its worth 4-5% I hold some their staking with the Angle pool. My SNX is in my Dharma wallet which if I remember I just transfered ETH and swapped out for SNX. You can buy SNX on Kraken I believe.

Is a good thing BTC slowing down here, let the price get hosed down a little it's steaming.

I am signed up on Kraken now. Will look for SNX there. thanks!
Yes, ADA is on Daedalus.

Here is a good strength meter https://www.fxblue.com/market-data/currency-strength which no matter how you slice and dice BTC is killing it. You can switch from Short-term, Medium-term, Long-term and Custom. With custom I set it with History bars: 50 Timeframe #1:H1 Timeframe #2:H4 Timeframe #3:D1 The Bars can be set from 20/50/100

Moon Boom 18000+ and counting but will be likely done for the evening in the next 30min+/- 18150 is the next wall of some resistance but like always price can blast past for some more Moon time ;)

18.25k was hit and is next on the chopping block to be FOMO'd through, 18.5k anyone?

There has been almost zero liquid in the currency markets most all of today, except crypto https://www.tradingview.com/x/mYqtwjWN/

dang! And I thought Bitcoin is ready for a breather....18.3k.....anti-bitcoin crowd has been quiet, lol
And ETH is breaking out too!

G36 says

dang! And I thought Bitcoin is ready for a breather....18.3k.....anti-bitcoin crowd has been quiet, lol
And ETH is breaking out too!

Gigantic sell wall at 18500 however the USD is dead and the buy wall is not that far below 18150+/- so will see if the exchanges let price hit that vein of sellers.... They may not honor 18500 and the sell wall disappears.

In less then 15min a -1200+ dump and a 50% recovery https://www.tradingview.com/x/0SFqgN3Q/ Just a tension release I believe, and my next marker on a breach of that last high with a possible a slight stall at 18500 is 18800/19000. Buyers are defending price imo a perfect test of that long spike now time to reject sellers and make them become buyers

Nice, what a blessing BTC on discount atm. BTW
Mexico’s second-richest man invests 10% of his liquid portfolio in Bitcoin
The 166th wealthiest person in the world has revealed that he has invested in Bitcoin.
https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

Buy some BTC/crypto all the cool kids are doing it.... ;)

How much is that in BTC cap. His Net worth: 11.8 billion USD (2020) Forbes 10% of 11.8 Billion

Nearly 25,000 Bitcoin Address Were Created in Just One Hour
https://decrypt.co/48642/nearly-25000-bitcoin-address-were-created-in-just-one-hour
Keep in mind for noobs it takes time for their funds to be credited to trade, so expect lots of movement
in the next while as their funds come on line.

Great point Cash

G36 have you heard about PI network? https://minepi.com/ It's a no brainer giving the ability to crypto mine using your phone w/o draining the battery.
Short story, small mining pools are created and as they mine it secures the coins. If you sign up you need a referral so you can use the reference cash007
It's a work in progress but who knows ;) There isn't any monetary value at this time but a ground floor opportunity w/o any cost associated. https://minepi.com/faq
If you do sign up you will want to use your real name so if/when this actually gets off the ground your name will match kyc details that will hopefully be needed some day.
I have 866 coins who know could be pizza money 1 day.

Thanks Cash, i'll check it out.

Here's an interesting survey:

https://cointelegraph.com/news/survey-of-millionaires-finds-73-own-or-want-to-invest-in-crypto

"Survey of millionaires finds 73% own or want to invest in crypto"

“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past.”

G36 says

"Survey of millionaires finds 73% own or want to invest in crypto"

Yep with funny math I target BTCs current market cap at 336B will at min. multiply by 1500% some where in the area of 5.5 Trillion As far as targets go I can see higher then most probably but not as high as some.

1 other thought, the next covid scamdemic pump will likely be on a card direct from the Treasury then we should see massive adoption while the
rich get the point that their funds new and old could be at some on going risk of Fed R. management. https://www.congress.gov/116/bills/s3571/BILLS-116s3571is.xml
Most of my free ranging cash is going to crypto atm I'm not keeping a lot in the banks.

And don't forget this dandy piece of info. https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf
I. Introduction and Summary Conclusion
This letter responds to your request regarding the authority of a national bank to provide
cryptocurrency custody services for customers. For the reasons discussed below, we conclude a
national bank may provide these cryptocurrency custody services on behalf of customers,
including by holding the unique cryptographic keys associated with cryptocurrency.
1
This letter
also reaffirms the OCC’s position that national banks may provide permissible banking services
to any lawful business they choose, including cryptocurrency businesses, so long as they
effectively manage the risks and comply with applicable law.2

Juicy ;)
Visa revealed its own brand-new patent on an electronic currency system (digital) that Causes the REMOVAL of the physical currency.
https://pdfaiw.uspto.gov/.aiw?PageNum=0&docid=20200151682&IDKey=5E7C13E07C78&HomeUrl=http%3A%2F%2Fappft.uspto.gov%2Fnetacgi%2Fnph-Parser%3FSect1%3DPTO1%2526Sect2%3DHITOFF%2526d%3DPG01%2526p%3D1%2526u%3D%2Fnetahtml%2FPTO%2Fsrchnum.html%2526r%3D1%2526f%3DG%2526l%3D50%2526s1%3D20200151682.PGNR.%2526OS%3D%2526RS%3D

Bill Gates “Better Than Cash Alliance.” https://www.betterthancash.org/
To accelerate the global transition from cash to digital payments. This alliance includes 75 different world governments, companies, and major international organizations

The New “Crisis Currency” https://internationalman.com/articles/the-new-crisis-currency/
Bitcoin has a very clear intrinsic value.
Bitcoin doesn’t use the traditional financial system. It has no central authority. Instead, bitcoin runs on a decentralized and voluntary network scattered around the world on many thousands of computers. It doesn’t need so-called “trusted” intermediaries or third parties. "Bitcoin has no counter party risk and has no single point of failure."
Bitcoin’s intrinsic value is that it allows you to escape the matrix… the financial prison that governments have erected with fiat currencies, central banks, and privacy-killing regulations serving as the bars on the door. It’s like a Swiss bank in your pocket.