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While I can't state with absolute certainty, it appears that the 25700 level is showing some resilience.

Should this hold, it would support my theory that whales played a role in orchestrating this.

This was not Evergrande, this was not Space X

What makes it tricky we do not have a lot of confluence at this level other than Jun 2023 

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Comments

Anonymous

Whales play. I shop. It's like when I was a teen at the mall. Only now I don't hunt cute boys, I hunt prices. :) waaayyyy more satisfying.

Anonymous

Question, anyone know why James anchors the LiLo model on January 11 vs any other date? Thanks

Anonymous

The bottom almost in!

Anonymous

James I saw your poll on X about cdbc's, but I didn't want to answer there. Since you'll probably get flack for that. I do hold Quant which is connected with possible cdbc's in the future since it will do interoperability with overledger platform between legacy systems and blockchains and between blockchains. I also like their QRC-20 Cdbc's will probably come which makes Quant an assymmetric bet on that. Also prefer their QRC20 for tokenization, nft's etc. "Unlike the Ethereum-based counterpart ERC-20, the QRC-20 standard is blockchain agnostic. Blockchain agnostic means these tokens can deploy on multiple blockchains whilst behaving identically without re-coding. " I don't own stuff like xrp, bad tokenomics etc. My hope is btc will be the backbone of the world as hard asset, some consumer chains like solana and that cbdc's will probably just exist surrounding all that and not be the only option(s) we have. In this space I have the Quant play to have it all work together.

Anonymous

Had 8 hourlong Zooms today (and no time to watch markets). Saw things going south. Used LILO, set limits on MSTR, BTC, and SOL … just looked and everything filled. Great indicator.

Anonymous

Will these whales always be able to mess with Bitcoin like this ?

Anonymous

I personally do think so and for that reason it will never be fully adopted by the masses. It will always be manipulated. But that is my personal opinion. But through scarsity it will go up in price, thus a good investment.

Anonymous

Could have been the US government selling off?

Anonymous

Yup... this was orchestrated...

Anonymous

DCA through the choppy waves

Anonymous

Thanks to previous experience in summer doldrums and using lilo I had my traps set for Btc and Eth. Got fills on both. Note have kept dry powder for another possible leg down.

Anonymous

We are going to 21700, everyone wants to take some profit before going to the halving and we need volatility to make some money