A roundup of some square thoughts.
Following a picture of Tesla’s Starbase posted on Twitter by Elon Musk, Starbase Token (STAR) pumped 6000% and crashed almost immediately.
https://cryptopotato.com/elon-musk-tweets-about-starbase-shortly-after-starbase-token-star-soars-6000/
From StarBase to StarBurst! way too funny - but a microcosm of the current greed-train.
But just imagine the stunned faces of the STAR token admins.
So glad to see Bloomberg catching up with my own analysis of 2 weeks ago.
https://u.today/wall-street-analysts-expect-bitcoin-to-drop-as-low-as-40000-bloomberg
fantastic financial journalism from the school of "stating the obvious after it's too late".
We could then see a period where the BTC price is squeezed between the 50 and 200 SMAs. That will give the top alts the opportunity to catch up.
Diversification.
This is not a bear market.
repeat.
This is not a bear market.
It is an abuse of language by illiterates and innumerates.
The 200-day SMA is coming up - if we go below that, THEN that is one measure of a bear market. Another measure is the cross-of-death , when the 50 and 200 SMA cross over. Then you can join the teddy bears' picnic.
https://noise.cash/post/lk9rg4r0
Update: Bitcoin now only 2 or 3 thousand away from the 200 SMA.
And finally... the Empire strikes back
SEC Allegedly Using All Means Possible to Block XRP Holders From Presenting Evidence
... smells like stalling tactics as XRP continues to rise.
XRP holders' reply to SEC pdf.
If you need pictures, here are some moving ones...
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Me don't wanna bear :( Sir @rycharde
But bear already? :o