(SEMAFOR) Stablecoins’ global growth Japan this week approved the issuance of its first yen-denominated stablecoin, part of a wave of moves to expand the use of the digital currencies worldwide. A Tokyo-based remittance company plans this year to issue its first stablecoin, which differ from cryptocurrencies in that they are typically pegged on an equal basis to a fiat currency, usually the dollar. Because so many are tied to dollars, an expansion of stablecoins has financial as well as geopolitical implications: The US Treasury secretary has reportedly told Wall Street executives that he expects stablecoins to bolster demand for US government bonds, while China is increasingly worried about stablecoins’ use, a leading expert noted, because they more easily evade capital controls.
You’re Bob Prechter’s wet dream … you get so emotional on price that you have become an outstanding contra indicator … how’s your B wave looking… I would bet you back of the hand guess that this is wave 2. I may get long soon
literally the only thing favoring the bulls here is that the sentiment is basically even lower than at the worst depths of bear market (allegedly). Tops usually happen on euphoria, but maybe it doesn't matter since nobody is buying into the scam and it's basically just tether printing fake dollars and Saylor building his pyramid? Not to mention sentiment is possibly the worst indicator to rely on... The way i see it, Ether pumps towards the end of they cycle and that's where we at. And at the very very end you have the biggest garbage like DOGE, ADA , LTC move up rapidly and coincidentally we have potential ETF approvals for these shitcoins coming up, Coinbase is calling for an "altseason"... So let's see what happens. Are they trying to squeeze the last drops of exit liquidity offering "altseason" as the carrot or are we getting a run-up on alts to generate exit liquidity before the implosion?
It's hard to speak EW with someone clearly not fluent in it lol. B wave? We haven't even completed A wave... Meanwhile, I have been busy "winter" proofing my portfolio. The name of the game now is manage margin to withstand a potential drop to 70k over the next 3-6 months...that's my buffer.
I have read and applied EW for about 20 years. You had a B wave that kept moving up - I see you moved it to a 5, you need to start red lining your busted counts buddy
As an EW aficionado you should have recognized this adjustment as valid — you’d be calling me out if I hadn’t adjusted, lol. That makes me question your actual grasp of EW. It works both ways, but the correct approach is to adjust, since technically Wave B should not surpass Wave 5. It’s just housekeeping — re-labelling the same map. If you really understood EW, you wouldn’t have mistaken that for a “gotcha” moment, lol. As you can see...same target, just different labels.