Looks like support line here at 60k. Price action weak, volume low. All the hallmarks for a surprise.
After taking advantage of WULF's drop earlier this week, I took anther trade on Iris Energy today. Love taking advantage of deep red markets. The irony is I was doing so well by showing some restraint and playing the waiting game. We were having far too many green days, so I want to thank the US government for brining us this opportunity. Iren and Wulf generally get you around 400K to half a million open interest each. So there is some liquidity there. I may make these some of my key-trading instruments soon. CleanSpark and Mara can give you over a million in OI.
Well see you guys at the low 50's if we don't complete v up to 70k. I'm thinking we do, and then come back down...but will have to re-evaluate @ 70k...if a single wxy then off to the races at C and this becomes an impulse wave up...if a double wxy then down to 50ks.
(SEMAFOR) HBO doc claims to ID bitcoin creator HBO A documentary claimed to have unmasked the anonymous inventor of bitcoin. The concept behind the cryptocurrency was first laid out in a 2008 paper by “Satoshi Nakamoto,” who then released the bitcoin software in January 2009. Nakamoto’s true identity has been the subject of lengthy discussion since: An Australian, Craig Wright, long claimed to be him, but a UK court recently ruled that he was lying. The HBO documentary Money Electric has now declared that Nakamoto is a Canadian crypto expert called Peter Todd — who calls the idea “ludicrous.” There is more than just an interesting mystery here: Nakamoto’s bitcoin wallet contains 1.1 million coins, which are worth around $69 billion and would make their owner the 20th richest person in the world.
Still shaking my head here at the bears who were claiming HBO was going to cause the collapse of Bitcoin...
Don't get fooled by a couple of green candles. A collapse of biblical proportions is knocking at our doorsteps.
(MORNINGBREW) SNAPSHOTS Image of the week Ryan Salame / LinkedIn Ryan Salame, the former co-CEO of FTX Digital Markets, isn’t letting a seven-year prison sentence for fraud prevent him from letting people know he will remain on the grindset. On Thursday, he took to LinkedIn to announce his new position as “Inmate” at medium-security prison FCI Cumberland. It’s one of the few entry-level positions that doesn’t really require any experience. Look for Salame to update his LinkedIn in the coming years to let us know what working in the mess hall taught him about B2B sales, how hard it was for him to fire the first person from his startup gang, and how cigarettes are the new crypto.—DL