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FUD

Just for fun tradingI only trade just for fun with little money and some rewards from mining and farming. I use BTC for a orientation of the general direction because it is more predictable than the alts. What I learned so far: Everyting is based on beliving. There is no real value for the coins. It can be everything in between zero and infinity. If a critical mass want to sell, it can crash hard and if the critical mass is greedy it will rise up to the moon. So "predictable" only means that you can just hope that the mass of traders, hodlers, whatever think the same and do the same. Even if positive fake news, missinterpreded real news and FUD is spread, it is visible in the charts and has a huge influence. I am curious where this will go in a year and beyond. I think that even if it rises up to 150k this year it will fall down again next year to at least 30k and more likely to 20k and below. Even 5k and below whouldn't surprice me neigher 200k will do for a new ATH. It is all about beliving and how greedy and fearful people are. I told by girlfriend that it feels like a cage full of chickens running from one corner to another where they get scared again and again. :-D Btw. I am sure this market is heavily manipulated. Even the "regulated" finacial markets are in a big bubble caused by greedy big players and individuals and the beliving in "only two possible directions: up and to the moon". This market even isn't regulated yet. The future will be interesting to follow. Let's have fun and don't take life too seriously. You will never get out of it alive.
COINBASE:BTCUSD
by Just4FunTrader
3
FUD in action, yet ADA holding strong. Moonshot imminent?Anti-Cardano FUD has been on the rise lately. With chimps having nothing else to do but regret not buying early are now in full action. That being said, the latest 5min red candle dumping 10% is no big worry in my opinion. Massive red candles with unrealistic lower wicks are usually formed by the 'cascading forced liquidation effect caused by aggressive day traders with too high margins and exposure to the market. Anything beyond 10-20x is detrimental to the stability of the market. However, there's always a silver shining to such scenarios. 1) Aggresive dumping like this is necessary for a healthy market as it gets rid of all the volume coming from shivering hands that contribute to the instability of the market. 2) More diamond hands end up 'buying the dip'. This time, perfectly. Here are my thoughts on what could possibly happen- There's no doubt that we are in a bull run. That being said, a solid project like ADA has the foundation of resisting all the FUD and continues to grow the way it has been. Coming to the part of smart contracts going live on the 12th of September 2021, I believe we are in for a massive bull run taking ADA up to possible $10 or even higher IF AND ONLY IF a lot of volume pours in the market as FOMO after the $10 mark. This is in no way financial advice, however, I believe that ADA is still bullish and holding strong against all the FUD.
Long
by AadityaPitke
BABA FUD long term ideaFundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas agreeing to the $15billion arm twist donation shows they are on board and playing by the rules now. But however fundamentally sound they might be, be advised you don't actually own anything when you buy a chinese stock, and also the chinese gvt has been known to reverse course quickly and we could see even more regulation regarding tech, so be prepared for that possibility. We are in a multi year accumulation zone, and discounts this deep don't come very often, but with added potential comes added risk. Not financial advice, trade at your own risk.
NYSE:BABALong
by jdonsa1
[DXY W1 Sept 2021]DXY // USDINDEX // USD // DOLLAR Sell Setup Continuation trade: 📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday. 👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500. Daily Markups
TVC:DXYShort
by SuperMonkey0
$LINK: Lot's of impatience and FUD on twitterHey yall. I just wanted to point out that the point of greatest fear/ capitulation is also the point of greatest opportunity. $LINK isn't doing anything flashy right now, and people are getting very impatient and fomoing hard over the NFT craze. I've been saying this the entire time.... but $LINK isn't for us prospective investors. It's not even a blockchain... it's a decentralized network of oracle nodes. It's a network built for multi-billion dollar corporations. The $LINK token is the medium of exchange in this network. The token secures, holds vital information, and is the fuel for all participants in the network. We're being patient for a 2-5 year time frame and beyond. Once the price leaves this sub $100 dollar level, that'll mean that the cat is out of the bag. That the network is in full effect. That mass adoption of smart contracts by enterprise level business is in full swing. If you don't have your stack built by then? Good luck. $LINK isn't a good investment for people who aren't able to afford holding for multiple years. I'm personally loving buying at these prices. Nothing about the amount of partnerships, the amount of progress, the amount of need for this network has changed.
BINANCE:LINKUSDLong
by its_maxbro
2
DOGE USD It's Noobelisious !The Content is not intended to be a substitute for professional trading or medical advice , diagnosis, or treatment. Always seek the advice of your broker, physician or other qualified advice provider with any questions you may have regarding any condition or feeling you may have. This product is not intended to diagnose, treat, cure, or prevent any symptons that may or may not have been caused by fud or fomo. Be aware that consuming hopium is solely at your own risk and that moderation is strongly adviced if you choose to do so.
BITFINEX:DOGEUSD
by Rekt4Sure
7
More Binance HK FUD as Exchange Sets CAP on BTCDOWN Token TradesSo this WAS my buy grid until I attempted to enter orders into the system and received a popup window stating that I would exceed some new limit they now have placed on the amount of BTCDOWN an account holder can accumulate. Total BS and apparently they've capped ALLLLL the DOWN tokens to $5K max citing "extreme risk" as their reason for doing so. I could go on a rant but why bother, the variable leverage and ease of use was why I chose to use this token over jumping through all the margin hoops to short straight vanilla Bitty. Also, Binance HK has further caved to regulators and set a new cap on exchange withdrawals to 0.06 BTC for lower tier verified accounts. The party will end at some nearing point now and the glory days of a "free market" for crypto will soon be gone. It was fu while it lasted though. www.binance.com
B
by FudBox
1
#BTCUPDATE 27.7.21 MANIPULATION OF THE HIGHEST ORDER Amazon denied claims of accepting #BTC at critical resistance causing a relatively strong dump, although BTC has held surprisingly well - this coupled with that Amazon has followed up officially with they are exploring crypto payments - so there is still hope there/ We have found a strong support at $36.3k and reclaimed $37k although getting back above $37.7k is where we really want to be. All in all it is still looking like a very bullish short term run for BTC with $40k likely to be retested. I feel like we are looking at a potential ascending triangle forming either at $38.5k or more likely $40k region to start to build for the proper breakout. There is currently a weighted stable-coin ratio on exchanges which would suggest an incoming pump for BTC soon - although the door has been opened a little bit for FUD news so watch out. My play with BTC is to hold long to $38.5k and then onto $40k.
by Kryptochristian
#BTCUPDATE - 21.7.21 - THE B-WORD.... This is a refreshingly bullish scenario for BTC - braking back above $30k after a sustained day under it and then straight back above $31k shows Bulls are here to play. $31k is key to hold at the bare minimum here - getting above $32.2k is a very positive sign. It is going to be a rocky road but getting back above $30k was so critical. So much hangs on this B-Word as Elon could literally come out with anything so lets hope its bullish. My play for BTC is to wait until after Midday EDT and if we hold above $31k then long to $32.2k If we sink below $31k then it is back to looking at a short to $30k and then on to $28.2k. It is positive news today but be careful still we are still long way from a long term bullish sentiment.
by Kryptochristian
1
Bitcoin Sub $30K!! 😧📉Crypto's have fallen across the board to new relative lows, smashing strong levels of support all around. Bitcoin is now exception and our prediction of sub $30K BTC is now a reality. The Kovach OBV is quite bearish, and we appear to be getting comfortable in the $20K's. The nearest support level is $28.8K. This level perfectly aligns with inverse Fibonacci extension levels. We anchored our Fib levels at the boundary of the range BTC held this weekend. We've simply run out of levels below $28.8K, so the tool will project the next levels of support. After $28.8K we have $27.5K. From above, we will have to break at least $30K to be considered bullish.
BITSTAMP:BTCUSDShort
by quantguy
2
#BTCUPDATE - 19.7.21 ANOTHER DAY, MORE UNCERTAINTY Still not confirmation for direction of BTC - continued testing of this critical $31k region. A break down will spell bad news for Bulls and a potential $28k can be seen very quickly. Trading volume is incredibly low for BTC now - currently it is a case of FUD holding back new money, so ultimately we need a big WIN for BTC to help break up out of this resistance. Yet again though we can only really sit and wait/react accordingly as we are consolidating in such a tight range. My play is: Break below $31k then target $30k Break above $32.2k then target $34k I believe a move either way will be big and dictate the next month at least.
by Kryptochristian
1
How Low Can Bitcoin Go??Yesterday, we published an analysis of Ethereum (see linked idea). We turned to historical data to extrapolate where we may find a min bottom. This article was very well received, so we decided to repeat our analysis on Bitcoin. Everyone knows that the crypto market is particularly susceptible to booms and busts, more so than the traditional markets. The intensity of the exuberance is matched only by the devastation of the crashes. The current FUD with crypto has everyone wondering where it will bottom out. We don't have a crystal ball, but can turn to history for ideas. As capricious as the crypto market is, one constant is historical price action. Let us turn the clock back to December 2017. Everyone was amped for $18K Bitcoin and we were anticipating $20K easily with some analysts predicting BTC prices as high as $2M or more. January was a rude awakening and the beginning of a winter that lasted several years. That aside, the technical analysis on BTC during that time period is very telling. After its peak, Bitcoin obviously cratered, but it hit several key Fibonacci levels on the way down. Most notably, it crashed to the 0.236 level, at about $5.2K (first red circle). We subsequently bottomed out further, before a slow ascent back to $10K, then another breakout. By analogy, the crypto market appears to be in a similar trend. Same analysis, different numbers. This time, Bitcoin has topped out just shy of $65K, and has tumbled into the $30K handle. The fact that we have been maintaining these prices for so long suggests that this is not a mere correction but a sustained selloff. Looking back at the price action of 2017 we see an almost identical cycle. This cycle, the equivalent 0.236 Fibonacci level is aroudn $18K, which coincides conveniently with the former all time high of BTC from 2017. The $18K handle might be tough for bulls to swallow, but we must turn to history in times of uncertainty in the crypto markets. TL;DR: Our technical and historical analysis suggests that $18K is a lower bound for BTC
BITFINEX:BTCUSD
by quantguy
3
Bearish Consolidation in BitcoinBitcoin has plummeted since the last writing, testing the lower $30K handle as anticipated. We are currently seeing support from $31K, but we appear to be forming a bear wedge or flag as BTC considers breaking $31K. At this point we are due for a relief rally, so don't be fooled if we see a price spike back to $32.3K or perhaps higher. We won't be back to bull mode unless we can break $34K at least and we still have $37K. We won't be out of the woods until we can solidly break $40K. How low can Bitcoin go? We will do a more thorough analysis later this afternoon, considering the historical prices going back to 2017, so stay tuned!
BITSTAMP:BTCUSDShort
by quantguy
#BTCUPDATE - 16.7.21HOLDING ON WITH FINGERNAILS BTC support is hanging by a thread at the moment, losing $31.1k will very likely see a rapid fall to $30k. Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on $28k. This is a big indication of where the price is going - I do also believe we could be seeing a genuine bottom here. We are still moving into the GBTC unlock that will likely insight a sell off push below already weak support over the weekend. I am really not very bullish on BTC atm - and my current play is if losing $31k then shorting to $30k and then again to $28.3k. I am hedging longer term and setting buys at $30.1k and then again at $28.2k. Stay safe, stay positive and remember with all trading what goes down usually comes back up - we are nearing the end of this bleak cycle I feel.
by Kryptochristian
3
Strong Selling Pressure for BitcoinBitcoin appeared to show some signs of life but the meager rally was quickly batted down. We do seem to have some support at the technical level identified earlier at $32.3K or so. However the Kovach OBV is still bearish indicating strong selling pressure, and suggesting that this rally was nothing but a short covering rally. Bitcoin is quite oversold still, and we are due for a decent pump. But right now, it seems that are testing lower levels in the $30K's or at least consolidating at lows, potentially forming a bull flag before the next move.
BITSTAMP:BTCUSDShort
by quantguy