I am on record saying cash into/out of crypto is a leading indicator for stocks for which Morgan Stanley (A major Wall Street Bank) backed me up on. The action we are seeing lately in crypto is because of "regulatory talk." I believe that once that gets worked out, cryptos will again act as a leading indicator for stocks.
Gregory Mannarino, "The Robin Hood Of Wall Street."
Watch LIVE 24/7 charts of Bitcoin, STEEM, Ripple, Ethereum, and Litecoin. Click here: https://www.traderschoice.net/
They call it a shake-out for a reason. Weak hands. This is the time to fill your bags with projects you truly believe in. If you are cashing out now, it was never really about the project, its tech etc. It was all about fiat and that’s not what crypto is about. Say no to fiat.
It has been brutal and I appreciate your analysis. I definitely believe that cryptos will come back with a flourish to all time new highs, they always have historically so it is just a waiting game and the best plan forward is to keep on blogging interesting content so that when Steem rises, everyone will be more prosperous. RESTEEMED.
Thanks again, Gregory. How do you spot this stuff? Yeah, Upvoted & Resteemed, again.
The cryptos have been through these issues before with other countries. When ironed out they will just be little bumps on the road.
Good post
WE DID UPVOTE AND RESTTEM FOR ALL TO SEE
Thank you! Resteemed!
Upvote and resteemed
Upvote and resteemed
RESTEEMED!
Let’s see what crypto does next week.
I would suggest everyone looks into the MT.Gox vs bitcoin price. Recently the trustee in charge of the 166K BTC from the Mt. Gox wallet began selling off BTC and BCC to pay the amount owed to the creditors in the lawsuit. Large amounts have been dumped in recent months. 2000BTC on DEC 18, 6000 BTC on DEC 22, on one day in FEB he sold 18000 BTC, wouldn't you guess, that was when it fell to $6000 in short order. This was done on purpose for some reason, as a normal person wanting to get maximum returns would never sell such large amounts all at once on a public exchange, it was almost as though he wanted as little as possible. I do not think the guy was an idiot, he purposefully timed each dump, just as BTC was reaching a support line on the chart, and beginning to rise. Each of his sell orders broke down through support, that has to be intentional. BTC (the honey badger of currency), just keeps chugging along.
And that's the exact same game being played with the gold and silver markets. All markets are being rigged!!
WTF did MtGox get 166k BTC from ?? I thought they were hacked and lost everyones BTC !!
Thanks for information mr robin hood !!!
Upvote and resteemed
upvote resteemit done
Upvote resteemit done
upvote resteemit done
Resteemed & and Upvote Sir !!
Nice post sir !!
Upvote and resteemed
That would be great. You could change this. We here at the bottom have a rough time just hanging around. Would have like to buy some today for sure.
Bought 4 litecoin when it was about $30 a coin. Sold 3 of them when it was at it's peak around a month ago. Bought 2 more recently on the speculation I think the next jump will be substantially far better. Thanks for all you do brother..Steem On. Upvoted.
Thanx for the update my friend!!!!!
Crypto leading indicator..... booyah
re-steemed because I can!!!
The cryptos have been through these issues before with other countries. When ironed out they will just be little bumps on the road.
Great
Vote and resteem sir
Upvoted
Have you looked into the impact and coincidental timing of the mtgox trustee selling thousands of Bitcoin into the market with in the downturns since last November. Just asking because I have heard talk about is taking place.
upvoted resteemed and commented
upvote and resteem sir
thanks for this information keep up and stay blessed
nice post sir. thanks! Restemeed and upvotee
The Robin HooD!!
Upvoted and Resteemed. God Bless.
What İs the problem sir
Does the market have enough momentum to go higher with bond yields continuing to increase? People are worried more than ever and liquidating part of their portfolios. Also earnings are bad from huge companies like Walmart. The Fed is popping this big fat ugly bubble with it's rate hikes and this won't end well
Hoping keeps surviving to man. I also hope it will come back soon.
Coins mentioned in post:
thank you for sharing
Thank you for sharing robin hood <3
Resteem and upvote the robin hood!
What about the mt gox whale dumping all his btc?
Thanks for letting us know that we can't count on cryptos for the time being as an indicator. We need all the help we can get against the NWO.
Upvoted and resteemed.
Thank you for clarifying further
You kinda look like Donald Trump JR
agree?
https://upload.wikimedia.org/wikipedia/commons/thumb/2/29/Donald_Trump%2C_Jr.%2830309613870%29.jpg/1200px-Donald_Trump%2C_Jr.%2830309613870%29.jpg
Hoping for the 'talk' gets worked out soon enough. Eagerly waiting to see crypto back on track
Why Hang your hat on this theory? If it worked for a bit, it doesn’t mean it’s gonna work forever.....
It should be logical to never "hand your hat" on any one thing. Simple common sense...
have you any updates on crypto market are you think any fear around crypto now this time or not @greg?
I think the correlation was dead as soon as the big boys reported on it
fabulous answer sir @marketreport.
Yes a lull in the crypto storm.
I hope it goes back to Dec. prices
"regulatory talk." is that code for shake out the week hands?
thanks,,resteemed
Thanx for the update,
upvote and resteemed
Really think it has more to do with the Mt. Gox trustee sell-off of over 200,000 BTC to recoup funds over the past 2 months.