Bitcoin is getting stronger and stronger!
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Hallo traders
What a week again.
in the chart above we can see yesterday's enthusiasm in connection with the Wallstreet scandal. price, after great enthusiasm, quickly returned to the triangle. currently the price is squeezed between MA50 and MA100, it may seem that the price will try to move sideways beyond the triangle of lines MA 50 and MA100 and then come out of it, the price can go up to 36k.
What do you think about what happened recently? I see it like this
There was plenty to do in the crypto markets, but the story of the week is that decentralized power has shaken Wall Street. Normal people congregating on Reddit raised a fat middle finger and did whatever they wanted. Within the rules.
This week has made it clearer than ever that we live in a world with two levels. There are those who are allowed to play according to their own rules and there are the rest who are subject to the arbitrary rule of those who are allowed to play according to their own rules.
The fight provoked by a bunch of private r / wallstreetbets gamers and traders against Wall Street's elite hedge funds has been nothing short of awe-inspiring. The Redditors did their research, found some over-leveraged short positions of a particular hedge fund on a particular stock, and decided to enter into a collective deal against the fund. She succeeded.
This has driven Wall Street and the financial bloggers who keep up with the markets insane. The NASDAQ CEO said she is thinking about stopping trading in those particular stocks so that the hedge funds losing money on the other side of these trades can "recalibrate" their positions before going bankrupt.
The SEC is actively monitoring the situation. Experts in the media are trying to shame activist investors like Chamath Palihapitiya too publicly. And since the popular app Robinhood stopped trading those shares, the company is only worth 1 star in the various app stores. A large group decided to give the app a 1-star rating, so that the average dropped significantly. Google intervened on Friday and removed some 100,000 reviews, bringing the app back to nearly four stars.
A decentralized revolution is underway and the elite are doing everything they can to nip it in the bud. The little guy wins after years of being overcome by the system and Wall Street suddenly screams manipulation.
The Reddit army has accomplished more in a few days than Occupy Wall Street in its entire existence. They have dealt a major blow to the establishment and they have done this by playing within the rules of the game set by Wall Street and regulators. The established order does not like this and as a result is already thinking about changing the rules of the game.
But what is it now? Have the Redditors won as Wall Street and the hedge funds rewrite the rules? Or is it not a matter of winning or losing, but will Wall Street fall if the rules are not changed?
Mary Bent has written extensively over the past year about the fact that the US central bank (FED), in conjunction with the Treasury, has decided to inject money into the economy through inflation. He continues:
"We know that Citadel, a company that had to be bailed out in the fall of 2019 due to the liquidity crisis in the overnight repo markets, has significant exposure to Melvin Capital, the hedge fund targeted by the redditors. Is Citadel's exposure to Melvin a systemic risk to its fund and the rest of the market? I wouldn't be surprised. "
"Ultimately, the little guy fought very effectively against the big boys who have been manipulating markets to their advantage for decades. We have to wait until the masses understand what a powerful tool Bitcoin is when it comes to fighting the system. "
I wouldn't expect the price to go below $ 32.5k, opportunities are marked with thin lines on the chart.
Best regards
What a week again.
in the chart above we can see yesterday's enthusiasm in connection with the Wallstreet scandal. price, after great enthusiasm, quickly returned to the triangle. currently the price is squeezed between MA50 and MA100, it may seem that the price will try to move sideways beyond the triangle of lines MA 50 and MA100 and then come out of it, the price can go up to 36k.
What do you think about what happened recently? I see it like this
There was plenty to do in the crypto markets, but the story of the week is that decentralized power has shaken Wall Street. Normal people congregating on Reddit raised a fat middle finger and did whatever they wanted. Within the rules.
This week has made it clearer than ever that we live in a world with two levels. There are those who are allowed to play according to their own rules and there are the rest who are subject to the arbitrary rule of those who are allowed to play according to their own rules.
The fight provoked by a bunch of private r / wallstreetbets gamers and traders against Wall Street's elite hedge funds has been nothing short of awe-inspiring. The Redditors did their research, found some over-leveraged short positions of a particular hedge fund on a particular stock, and decided to enter into a collective deal against the fund. She succeeded.
This has driven Wall Street and the financial bloggers who keep up with the markets insane. The NASDAQ CEO said she is thinking about stopping trading in those particular stocks so that the hedge funds losing money on the other side of these trades can "recalibrate" their positions before going bankrupt.
The SEC is actively monitoring the situation. Experts in the media are trying to shame activist investors like Chamath Palihapitiya too publicly. And since the popular app Robinhood stopped trading those shares, the company is only worth 1 star in the various app stores. A large group decided to give the app a 1-star rating, so that the average dropped significantly. Google intervened on Friday and removed some 100,000 reviews, bringing the app back to nearly four stars.
A decentralized revolution is underway and the elite are doing everything they can to nip it in the bud. The little guy wins after years of being overcome by the system and Wall Street suddenly screams manipulation.
The Reddit army has accomplished more in a few days than Occupy Wall Street in its entire existence. They have dealt a major blow to the establishment and they have done this by playing within the rules of the game set by Wall Street and regulators. The established order does not like this and as a result is already thinking about changing the rules of the game.
But what is it now? Have the Redditors won as Wall Street and the hedge funds rewrite the rules? Or is it not a matter of winning or losing, but will Wall Street fall if the rules are not changed?
Mary Bent has written extensively over the past year about the fact that the US central bank (FED), in conjunction with the Treasury, has decided to inject money into the economy through inflation. He continues:
"We know that Citadel, a company that had to be bailed out in the fall of 2019 due to the liquidity crisis in the overnight repo markets, has significant exposure to Melvin Capital, the hedge fund targeted by the redditors. Is Citadel's exposure to Melvin a systemic risk to its fund and the rest of the market? I wouldn't be surprised. "
"Ultimately, the little guy fought very effectively against the big boys who have been manipulating markets to their advantage for decades. We have to wait until the masses understand what a powerful tool Bitcoin is when it comes to fighting the system. "
I wouldn't expect the price to go below $ 32.5k, opportunities are marked with thin lines on the chart.
Best regards
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