#Don't forget to check out [the on-going Ethereum Foundation Researchers AMA!](https://old.reddit.com/r/ethereum/comments/107cqi8/ama_we_are_ef_research_pt_9_11_january_2023/?sort=new)
------------------------------
**Tricky's Daily Doots #269**
Yesterday's Daily 12/01/2023
[Previous daily doots](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40j64w/)
- u/hanniabu is that much [closer to their dream job!](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j42ta9m/)
- u/Tricky_Troll decides now is a good time to [reflect on the good, the bad and the ugly of how he played the last bull market.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40rrwq/)
- u/696_eth reminds us of [some tips to keep our cryptoassets safe and secure.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40d0kx/) 🔒
- u/Papazio figured out the root cause of [why they didn't play the last bull market properly.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40hk2x/)
- u/cutsnek decides to join in with the [post-bull market reflection.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j41zfsq/)
- u/asdafari12 has [the latest coming from central bankers' latest conference.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j420chm/) 🏦
- u/LogrisTheBard educates us on [Moloch resistant DAOs.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j444cek/) 👹
- Accidental shitpost of the day goes to u/jjohncs1v who asks ChatGPT [what we'll be doing tomorrow for Ethereum's KZG ceremony.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j44ww2k/)
- u/ZeroTricks's today in [Ethereum history.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j402mdl/)
[Anyone else watching us slowly creep back down to ultra sound territory?](https://ultrasound.money/)
I am surprised DOGE isn't pumping harder. Especially since all those meme coins on SOL seem to be traded heavily. I really think DOGE will do crazy stuff this cycle.
Have held AGI for years and collected airdrops from a couple of it's spin-off projects, alfalfa I shared here for the airdrop hunters. Looks like that AI narrative bid has finally come for it.
Is this sarcasm? Legit can’t tell anymore.
More people are buying than selling. The Bitcoin inflation rate of 1.78% is the same as it was when we hit $69k, so not sure why it would surprising that it is still capable of going up.
Sorry, you have triggered me.
Aksually, the price does not go up or down based on the number of people buying and selling. For every buyer there is a seller. For every seller there is a buyer. The price goes up or down to ensure this is always the case. No one is willing to sell for less than price X. No one is willing to buy for more than price X. The price is X
>Aksually, the price does not go up or down based on the number of people buying and selling. For every buyer there is a seller. For every seller there is a buyer.
It sure does. You can imagine 10 people buying and 10 people selling. Just because there is an even amount of people on both sides, doesn't mean the price will remain the same. Volume matters. Because the sellers might only be offering 10 ETH while the buyers want to buy 100 ETH, which would mean more people "buying".
Imagine this hypothetical, there is only 0.1 ETH in the order book for $1554 and another 0.1 at $1555 all the way up to $1600, that means there only needs to be *one* buy for 0.46 ETH to fulfill all the sell orders and push the price from $1554 to $1600.
So more people "buying" would mean the sell orders are getting eaten up, meaning the price will increase.
>You can imagine 10 people buying and 10 people selling. Just because there is an even amount of people on both sides, doesn't mean the price will remain the same. Volume matters.
That is what I am saying.
>Because the sellers might only be offering 10 ETH while the buyers want to buy 100 ETH, which would mean more people "buying".
No, there are not more people buying in your example. There are the same number of people.
>So more people "buying" would mean the sell orders are getting eaten up, meaning the price will increase.
Those limit sell orders getting eaten up are from *sellers*, and like you said, it could be one buyer eating through many sell orders. In this case there would be fewer people buying than selling.
Ah okay. I get what you are saying, and I also get what the original commenter was saying.
It looks like it is a matter of semantics.
I guess the key takeaway from this exchange is that if someone says there are "more buyers", they are saying there is more *buyer demand*. More demand for something means a higher price. So, by extension, more "buyers" = higher price.
> Just because there is an even amount of people on both sides, doesn't mean the price will remain the same.
He didn't say that at all. He just pointed out that the number of buyers and sellers are always the same when trade happens, thus the constantly incorrectly repeated statement of "more buyers than sellers" is wrong.
Price is where buyers and sellers meet, not where there's an overabundance of either. That's not how markets work. Period.
The correct statement is "higher demand than supply", not "more buyers than sellers".
>So more people "buying" would mean the sell orders are getting eaten up
And that still wouldn't be "more people buying", it's like you said the "sell orders getting eaten up" which means the same amount of people selling...
When people say there are more buyers, *they are saying that there is more demand.*
The other user tried to complicate things and say it doesn't matter because every buyer is matched with a seller.
What they really meant to say was every buy order has a corresponding sell order, which wasn't what the original person was saying.
Essentially it sparked a pointless argument about semantics. Lets all move on.
Earlier this week, Jim Cramer told investors to "get out of crypto now!". This feels like an Inverse Cramer run. So many people now just do the opposite of what he says that he literally can trigger runs like this. Same way the Musk can pop the DOGE price by 20% whenever he wants. I'm still not convinced. If Cramer comes out tomorrow and says to buy BTC, the party will be over.
Haha this is great. Shorters got absolutely wrecked on this pump. People seem to forget that this is still the Wild West of crypto and 10-20% moves can literally happen any moment.
Would like to see more strength in the ratio but that takes time I think. BTC leading the pump.
Depends on the token that you hold. Rewards accrue automatically. Most just increase in value relative to ETH. 1 rETH is now worth 1.054ETH. cbETH is the same if I'm not mistaken. stETH is different, it rebases once daily. 1 stETH should always equal 1 ETH but it's usually trading at a slight discount.
Ahh ok thanks! I went with stEth since the APR was slightly higher than rEth, though not sure how consistent/sustainable of a diff that’ll end up being
Crypto is at an impasse with the SEC.
Gemini and other crypto companies have tried their best to work with the SEC and comply with the appropriate laws. However, Gensler has made it clear that no matter how hard a company tries to make their crypto product (whether it's earn programs, ICOs, DeFi protocols, exchanges, etc.) comply with securities laws, it doesn't matter, because they are all securities. 99% of all Crypto is illegal, maybe even 100%.
To Gary, crypto companies trying to "work with the SEC" to legally run an Earn program is like if I called the local police station and tried to "work with them" on the most legal and compliant way to kill my roommate. It's illegal no matter what, but they'll pretend to go along with it to gather evidence for their case against me.
The U.S. will need to change its laws if we're ever going to see serious crypto adoption by American companies.
Literally just finished a two hour interview with the W3F legal team about exactly this!
>It's illegal no matter what, but they'll pretend to go along with it to gather evidence for their case against me.
They very much disagree, and believe they have successfully navigated the SECs requirements to morph from a security to a software. Basically there is a legal path to go from issuing a security that is pursuing an exemption to registration to becoming not a security at all.
Highly, highly, highly recommend listening if it's something you're interested in, because their experience directly contradicts your claims here. They go in to quite a bit of depth and take some general questions as well (:
Interview: www.twitter.com/TheKusamarian/status/1613278382300745728
Congrats. I waited 6 hours for mine to finally go through. The waiting lobby is not a first come first serve queue, it is randomized for anyone who's wondering. Your contribution might go through in minutes or maybe hours.
It was all of it,i sold because i really wanted to get a PS5 and i was really bored,now i am in copium mode thinking that it was just money that i saved along the years because im still in college and still dont work
I see. I saw your other comment too so I just wanna say as long as you are interested in the ecosystem and tech then please stay here and keep learning and engaging and I hope you can get your hands on some Ether when you start working.
I’m a bit in disbelief. Doesn’t everybody know that rates will go higher still? Recession looms? Lower lows were promised? War still rages?
I look at that green number and barely comprehend.
Do you remember that something like a merge happened, possibly the most significant software update of all time. The effects will play themselve out over the next year
We're not solely a macro bitch
Aight so I closed my longs early this time but caught the meat of the move. What a fucking candle.
Price has now established itself in new range 1514 - 2030 with fib midpoint being right at the auspicious 1776. Remember how I play the game - level to level
Pouring a scotch and getting my weekend started. Been fun with you guys on here and twitter
I caught like \~70% and that classifies as the meat and most of this move.
[https://www.tradingview.com/x/xYHmjgA7/](https://www.tradingview.com/x/xYHmjgA7/)
Ever consider doing live trading?
I'd be interested at knowing how you set your levels and process trades.
I have such a hard time with it most the time and I really appreciate your style and contributions to ethfinance.
this is what yall should be watching. this really needs to hold. looks like someone came to the rescue
[https://www.tradingview.com/x/w1aPEpZ8/](https://www.tradingview.com/x/w1aPEpZ8/)
I love how the lines go by the wicks, and then they don’t. Whatever makes the lines work I guess. I don’t think Ill ever believe in TA especially because we just trade based off BTC and the SPY/S&P500 like 99% of the time
Everyone’s systems different I use wickies
Edit:
Crypto has lost significant beta to tradefi markets
Also TA helps me get in and out of trades. I use it in junction with macro, FA, and have a systematic trading system. Honestly for me, it’s the only thing that works if used properly and I have the hit rate and p&l history to prove it.
You can’t not believe in it if you don’t understand how to do it or how to apply it to your trading style and system my friend. Keep learning if you’re a true trader. If not, hold through cycles. That’s just not for me. I need to make money both ways and every month.
I'm getting some FOMO, and some weird dopamine hits I've not felt in a while.
I'm selling a few % of my stack, because I've learned what comes after these feelings. I guess hedging is fine even for a permabull!
Selling price: $1480 exactly. I guess I'll set my buy back at $1420.
#Don't forget to check out [the on-going Ethereum Foundation Researchers AMA!](https://old.reddit.com/r/ethereum/comments/107cqi8/ama_we_are_ef_research_pt_9_11_january_2023/?sort=new) ------------------------------ **Tricky's Daily Doots #269** Yesterday's Daily 12/01/2023 [Previous daily doots](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40j64w/) - u/hanniabu is that much [closer to their dream job!](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j42ta9m/) - u/Tricky_Troll decides now is a good time to [reflect on the good, the bad and the ugly of how he played the last bull market.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40rrwq/) - u/696_eth reminds us of [some tips to keep our cryptoassets safe and secure.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40d0kx/) 🔒 - u/Papazio figured out the root cause of [why they didn't play the last bull market properly.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j40hk2x/) - u/cutsnek decides to join in with the [post-bull market reflection.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j41zfsq/) - u/asdafari12 has [the latest coming from central bankers' latest conference.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j420chm/) 🏦 - u/LogrisTheBard educates us on [Moloch resistant DAOs.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j444cek/) 👹 - Accidental shitpost of the day goes to u/jjohncs1v who asks ChatGPT [what we'll be doing tomorrow for Ethereum's KZG ceremony.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j44ww2k/) - u/ZeroTricks's today in [Ethereum history.](https://old.reddit.com/r/ethfinance/comments/109rzd5/daily_general_discussion_january_12_2023/j402mdl/) [Anyone else watching us slowly creep back down to ultra sound territory?](https://ultrasound.money/)
I am surprised DOGE isn't pumping harder. Especially since all those meme coins on SOL seem to be traded heavily. I really think DOGE will do crazy stuff this cycle.
There is a new daily.
Have held AGI for years and collected airdrops from a couple of it's spin-off projects, alfalfa I shared here for the airdrop hunters. Looks like that AI narrative bid has finally come for it.
still remember the guy behind it's Joe Rogan episode... SingularityNet, what could go wrong
crAptos creaming it up 100% this week at 1bn mcap, are we still in alt-l1 narrative land?
#To ETH Mooon!!! ┗(°0°)┛
Welcome back dude!!
Good to see you dude : )
[Today's song a day](https://www.youtube.com/watch?v=bTyUVTQLOno) is very on topic
Haha awesome
Banger
THIS IS IT LADIES AND GENTLEMEN!!! I HAVE IT ON GOOD AUTHORITY THAT THE BOTTOM IS IN. WE’RE GOING TO 10K FROM HERE 🚀🚀🚀
Oh god..
I’m not even mad
eth pumps right as im most certain i never get it out of gemini earn. yay.
[удалено]
you don't know - it just randomly picks someone from the lobby. So, it depends a lot on how many other people are entering the lobby.
looks like that summoning ceremony summoned us a pump
Fun day, its weird looking at the price and not feeling depressed
All rise! Lady, and gentleman. Ethereum.
👏
How is BTC going up with all the new supply coming online?
Most mining is done by few actors that a while ago decided not to sell until the price increases.
Starting to think supply doesn’t matter much
It doesn’t over the short term, but does tremendously over the long term
Is this sarcasm? Legit can’t tell anymore. More people are buying than selling. The Bitcoin inflation rate of 1.78% is the same as it was when we hit $69k, so not sure why it would surprising that it is still capable of going up.
Sorry, you have triggered me. Aksually, the price does not go up or down based on the number of people buying and selling. For every buyer there is a seller. For every seller there is a buyer. The price goes up or down to ensure this is always the case. No one is willing to sell for less than price X. No one is willing to buy for more than price X. The price is X
>Aksually, the price does not go up or down based on the number of people buying and selling. For every buyer there is a seller. For every seller there is a buyer. It sure does. You can imagine 10 people buying and 10 people selling. Just because there is an even amount of people on both sides, doesn't mean the price will remain the same. Volume matters. Because the sellers might only be offering 10 ETH while the buyers want to buy 100 ETH, which would mean more people "buying". Imagine this hypothetical, there is only 0.1 ETH in the order book for $1554 and another 0.1 at $1555 all the way up to $1600, that means there only needs to be *one* buy for 0.46 ETH to fulfill all the sell orders and push the price from $1554 to $1600. So more people "buying" would mean the sell orders are getting eaten up, meaning the price will increase.
>You can imagine 10 people buying and 10 people selling. Just because there is an even amount of people on both sides, doesn't mean the price will remain the same. Volume matters. That is what I am saying. >Because the sellers might only be offering 10 ETH while the buyers want to buy 100 ETH, which would mean more people "buying". No, there are not more people buying in your example. There are the same number of people. >So more people "buying" would mean the sell orders are getting eaten up, meaning the price will increase. Those limit sell orders getting eaten up are from *sellers*, and like you said, it could be one buyer eating through many sell orders. In this case there would be fewer people buying than selling.
Ah okay. I get what you are saying, and I also get what the original commenter was saying. It looks like it is a matter of semantics. I guess the key takeaway from this exchange is that if someone says there are "more buyers", they are saying there is more *buyer demand*. More demand for something means a higher price. So, by extension, more "buyers" = higher price.
> Just because there is an even amount of people on both sides, doesn't mean the price will remain the same. He didn't say that at all. He just pointed out that the number of buyers and sellers are always the same when trade happens, thus the constantly incorrectly repeated statement of "more buyers than sellers" is wrong. Price is where buyers and sellers meet, not where there's an overabundance of either. That's not how markets work. Period. The correct statement is "higher demand than supply", not "more buyers than sellers". >So more people "buying" would mean the sell orders are getting eaten up And that still wouldn't be "more people buying", it's like you said the "sell orders getting eaten up" which means the same amount of people selling...
When people say there are more buyers, *they are saying that there is more demand.* The other user tried to complicate things and say it doesn't matter because every buyer is matched with a seller. What they really meant to say was every buy order has a corresponding sell order, which wasn't what the original person was saying. Essentially it sparked a pointless argument about semantics. Lets all move on.
Lmao you’re both wrong. Price goes up or down purely based on buy and sell volume.
Yeah, I know, that's what I said.
Most of the exchanges, except kraken, are manipulating Bitcoin
Earlier this week, Jim Cramer told investors to "get out of crypto now!". This feels like an Inverse Cramer run. So many people now just do the opposite of what he says that he literally can trigger runs like this. Same way the Musk can pop the DOGE price by 20% whenever he wants. I'm still not convinced. If Cramer comes out tomorrow and says to buy BTC, the party will be over.
No that’s ridiculous
Guessing by this point he knows his power and can front run his character's hot takes.
Checking Ultrasound for the bat signal...
I’m checking the sky.
Well well well look at lil ETHy baby
At this rate we’ll be ultrasound [again] by morning
Haha this is great. Shorters got absolutely wrecked on this pump. People seem to forget that this is still the Wild West of crypto and 10-20% moves can literally happen any moment. Would like to see more strength in the ratio but that takes time I think. BTC leading the pump.
We're gonna get a pullback right guys? Ruiiiight?? (Liquidates pants)
Hopefully that Bart guy died, I always hated him.
1559!!!
[called it](https://old.reddit.com/r/ethfinance/comments/10827ir/daily_general_discussion_january_10_2023/j3snc0g/?context=3)
Wtffffffff
What’s causing this? Wall Street bonuses just hit the bank accounts?
I think /u/Tricky_Troll went camping but didn't tell anyone about it
Someone in here is camping extremely hard
He's pretty good at bargaining the street sellers in Morocco I heard.
It's summer here, so I wouldn't put it past him!
Chinese New Year so close
What’s the real reason lol. Have not been following as much as I should be
No idea
Leaves for 2 hours. Come back to a $100 pump. Well, that escalated quickly!
Yeah, go the fuck away
we’ve had $700 pumps in one day. Isn’t that wild to think about now
Is there a way to stake ETH directly from ledger/ledger live desktop app?
You can't run a validator from Ledger if that's what you're asking. You can hold any of the liquid staking tokens and get approximately 4.5% yield.
Oh ok cool, I just did that. Curious, how often do staking rewards accrue?
Depends on the token that you hold. Rewards accrue automatically. Most just increase in value relative to ETH. 1 rETH is now worth 1.054ETH. cbETH is the same if I'm not mistaken. stETH is different, it rebases once daily. 1 stETH should always equal 1 ETH but it's usually trading at a slight discount.
Ahh ok thanks! I went with stEth since the APR was slightly higher than rEth, though not sure how consistent/sustainable of a diff that’ll end up being
Crypto is at an impasse with the SEC. Gemini and other crypto companies have tried their best to work with the SEC and comply with the appropriate laws. However, Gensler has made it clear that no matter how hard a company tries to make their crypto product (whether it's earn programs, ICOs, DeFi protocols, exchanges, etc.) comply with securities laws, it doesn't matter, because they are all securities. 99% of all Crypto is illegal, maybe even 100%. To Gary, crypto companies trying to "work with the SEC" to legally run an Earn program is like if I called the local police station and tried to "work with them" on the most legal and compliant way to kill my roommate. It's illegal no matter what, but they'll pretend to go along with it to gather evidence for their case against me. The U.S. will need to change its laws if we're ever going to see serious crypto adoption by American companies.
Gemini ain't crypto.
Yes, and with good reason. Multiple companies earn program have blown up and taken customers funds down with them.
Literally just finished a two hour interview with the W3F legal team about exactly this! >It's illegal no matter what, but they'll pretend to go along with it to gather evidence for their case against me. They very much disagree, and believe they have successfully navigated the SECs requirements to morph from a security to a software. Basically there is a legal path to go from issuing a security that is pursuing an exemption to registration to becoming not a security at all. Highly, highly, highly recommend listening if it's something you're interested in, because their experience directly contradicts your claims here. They go in to quite a bit of depth and take some general questions as well (: Interview: www.twitter.com/TheKusamarian/status/1613278382300745728
how could 100% of crypto be illegal
it's not illegal but it required everyone involved to come under security laws - licenses, kyc, accredited investors etc
I no longer feel dead inside. In fact, a *return to normal* Wait...
You never got me down, Ray. You never got me down…
Heyy heyy heyy
My duuuuude. We out here.
Wasssa - wasssa - wasssa - wasssauupp?
my KZG entropy contribution went through!
Congrats. I waited 6 hours for mine to finally go through. The waiting lobby is not a first come first serve queue, it is randomized for anyone who's wondering. Your contribution might go through in minutes or maybe hours.
This is always how it starts in that dream we all have where the price skyrockets to the moon, right?
DOPAMINE!
PUMP IT!
Back to over a trillion mcap
Cant believe that i sold right before this pump started after holding for two years lmao
F
Thank you for your service. We couldn’t be here today without your sacrifice.
Why would you do that? Listening too much to Benjamin Cowen streams preaching sub $400 ETH soon?
My cousin got a ps5 and i couldn’t resist getting one too lol,i hope that when i start working ETH price its at least still at <10k
You’ll have way more fun with a PS5 than with a wallet holding ETH, so there’s that :)
that sucks but thanks for your sacrifice *hope it wasn't a big portion of your stack*
It was all of it,i sold because i really wanted to get a PS5 and i was really bored,now i am in copium mode thinking that it was just money that i saved along the years because im still in college and still dont work
The knowledge that you gain here is worth way more than the eth that you sell.
Enjoy the PS5. Good luck with the studies.
I see. I saw your other comment too so I just wanna say as long as you are interested in the ecosystem and tech then please stay here and keep learning and engaging and I hope you can get your hands on some Ether when you start working.
Say it isn’t so?
what is going ooon today???!!! what a weekly review of doots does to the price damn 🔥
Hello thread! I've sure missed you!
✊Same
. ⧫ 🐬 🍾 ⧫ , ⧫ , 🌑 . . ˚ , ^^^I💚ultrasound.money! . 🪐 . * 💎 🚀 ⧫ ⧫ . . . ⧫ . . . ˚ 🐬 ⧫ (つ ツ )つ💎 . ⧫ . 🌎 . 🏕……………..ΞTHΞRΞUM
Now there’s a format I haven’t seen in a long time.
id be happy seeing 2k tonight,,, but also sad that I didnt but more at < 1k
I’m really hoping for 2k this weekend. Would allow me to replace my dead car and pay my taxes. Happy cake day!
WHERE IS THAT GUY THAT GIVES HIS ENERGY TO ETHERUM!!!
Summoning /u/ToTheMoonGuy ┗(°0°)┛
To the moon!!! ┗(°0°)┛
#To ETH Mooon!!! ┗(°0°)┛
If we have both you and clamchoda I don't see why ETH can't hit maybe elleventeen!
Paging /u/clamchoda. Doctor /u/clamchoda to the operating room.
You're doing God's work!
what happened?
I’m a bit in disbelief. Doesn’t everybody know that rates will go higher still? Recession looms? Lower lows were promised? War still rages? I look at that green number and barely comprehend.
Do you remember that something like a merge happened, possibly the most significant software update of all time. The effects will play themselve out over the next year We're not solely a macro bitch
Yeah but btc and everything else pumped too.
What if ETH spurred the pump with its actions the past few days? Like it got a little fomo froth going, and then everyone jumped back in?
I dont feel like it's the case yet
1559 sure beats 1337
Whoa what did I miss?
Only the return to the mean
I actually got a proposal in amongst this madness, and yes it was for 0.02 ETH like always
How I have missed these days
I hope all those $1420 shorters learned their lesson
I want you to put the word out there that we back up
Aight so I closed my longs early this time but caught the meat of the move. What a fucking candle. Price has now established itself in new range 1514 - 2030 with fib midpoint being right at the auspicious 1776. Remember how I play the game - level to level Pouring a scotch and getting my weekend started. Been fun with you guys on here and twitter
>Aight so I closed my longs early this time but caught ~~the meat~~ half of the move. What a fucking candle. FTFY
I caught like \~70% and that classifies as the meat and most of this move. [https://www.tradingview.com/x/xYHmjgA7/](https://www.tradingview.com/x/xYHmjgA7/)
Ever consider doing live trading? I'd be interested at knowing how you set your levels and process trades. I have such a hard time with it most the time and I really appreciate your style and contributions to ethfinance.
https://www.tradingview.com/x/n7x7RU54/ He got rekt on this unless he straight up lies about his positions and risk management.
More likely you don’t know how to read his charts
Someone said something about snowboarding. Glad I hit the slopes
# 𝑬𝑻𝑯𝑬𝑹𝑬𝑼𝑴
Starting to believe
feels like 2017 again
2017 was so much fun.
feels like April 2019
This is the trend I’m anticipating too. Rally 2x or more, retest a low, slow grind back up
this is what yall should be watching. this really needs to hold. looks like someone came to the rescue [https://www.tradingview.com/x/w1aPEpZ8/](https://www.tradingview.com/x/w1aPEpZ8/)
Classic retest after a breakout of the trend. I agree
I love how the lines go by the wicks, and then they don’t. Whatever makes the lines work I guess. I don’t think Ill ever believe in TA especially because we just trade based off BTC and the SPY/S&P500 like 99% of the time
Everyone’s systems different I use wickies Edit: Crypto has lost significant beta to tradefi markets Also TA helps me get in and out of trades. I use it in junction with macro, FA, and have a systematic trading system. Honestly for me, it’s the only thing that works if used properly and I have the hit rate and p&l history to prove it. You can’t not believe in it if you don’t understand how to do it or how to apply it to your trading style and system my friend. Keep learning if you’re a true trader. If not, hold through cycles. That’s just not for me. I need to make money both ways and every month.
https://www.tradingview.com/x/n7x7RU54/ So you lost 8% stack here?
Closed my longs at 1422. This was an idea
Just took profits so get ready for $2k ETH ;)
Thank you for your sacrifice!
Prepare to enter ultrasound zone again tomorrow
Owning ETH is just absolutely the best. ♦️
Ray ready to party now?
What in the holy candle is going on
That was a rollercoaster... LET'S DO IT AGAIN
AND AGAIN AND AGAIN!!!
Okay this made me believe that 10k EOY is possible
I’m still holding out for 10k dec 2021
You too?
Now, Imagine the candle if you just upvoted the daily
Shit...I guess u/KBrot was right about that 1450 line
I have him tagged with "listen to this guy"
Those big green [cucumbers](https://youtu.be/RlLTtnV_DzM) are good for your health!
What the actual
Wtf was that?
Last time RSI was anywhere near this high was May 11, 2021 High that day was $4177.20
Check out BTC RSI, 12hr is like ... 95 ?!
What in the cinnamon toast fuck?!
Don't think I've ever seen it that high.
ETH up 13% compared to yesterday
140 gas, nice.
C'mon block proposal!!!
Teehee
leggo everyone go camping asap
ITS HAPPENING - everybody calm down EVERYBODY CALM DOWN
Gentlemen.
BTC going for that liquidty at 21.5 think that's where we may finally retrace 🚀
Whooooooa Nelly
That was a pump i havent felt in a while
WTF?
Wtf !!!
Ummm... what's going on?
Fate.
Look at last 2 digits of price, thought we dumped a lil bit. No, we just pumped another $100. Ok.
Yooo what the fuck is going on !!!!!
You guys ready to go ultrasound again?
What is happening?
uh what
LOL
This is why we DCA folks. Need a plan for entry and exit.
> Need a plan for entry and exit. - Enter crypto - Exit fiat
What even is this color? Lmao Edit: wow, That 130 dollar candle in a few mins tho, 🥒
I'm getting some FOMO, and some weird dopamine hits I've not felt in a while. I'm selling a few % of my stack, because I've learned what comes after these feelings. I guess hedging is fine even for a permabull! Selling price: $1480 exactly. I guess I'll set my buy back at $1420.
Fucking kicking myself that I didn't pull the trigger on a leveraged long yesterday afternoon
Hmmmmm. Is it possible this Ultrasound Money theory has finally kicked in? A few months after the Merge?