HomeTradingDataDashIs The Crypto Market Too Bearish?

Is The Crypto Market Too Bearish?

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41 COMMENTS

  1. Sorry guys, major correction on my part 😅 The % of bitcoin in perpetual markets is around 1.25% of the bitcoin supply, I miscounted a zero on that one. As we say here on the channel, no one is perfect, including myself. That being said, it's still one of the biggest sentiment gauges we have at our disposal, given that it tracks people's actions of going long vs. short.

  2. I really agree with Nick's "long run bull" sentiment, because I myself came from the background of learning investment from guys like Phil Town, Warren Buffett, and Mohnish Pabrai, and I gotta say what he is saying and his opinion about the crypto market is very similar to how I perceive the security market in general.

  3. Talk of new digital passports linked to bank accounts and inflation make it imperative to accumulate Bitcoin & Litecoin ASAP🏃🏾‍♀️.🏃🏿‍♂️

  4. No, but I would say the market IS bearish… and for at least 2-6 more months, with nice bounces along the way. This might be one. Love your outlook on the market.

  5. Thanks Nick! You all think we're seeing the fake out before the crash right now? People FOMO'ing in with leverage at 43.000, before the final sharp wick down? Might play out that way in the next couple of days…

  6. You use the Binance futures data to make the point that the market has likely not bottomed out yet because the long/short ratio is still too bullish. What would really bring this point home is if you could show what a bottom does look like, for instance by showing the same data for July of 2021 and how much it differs (if at all, I don't know, that's why I'm asking) from the data you have shown us today. Is that data available?

  7. If investing in something is about taking an ownership position in exchange for future returns, or with the expectation of future higher value, then why are there “shorts”? When, how and why did it become normal to bet against a venture by borrowing other people’s assets and then selling them with the hope they will fall? And how did this ever become normalized to the point that it must be in some kind of balance? This isn’t star wars, we really don’t need balance as far as i can see…

  8. Overwhelmingly bullish & long for the past month. Yet it's still consistently falling. That should tell you something. It's being manipulated down. There is a MASSIVE amount of liquidity below 40k. Push it down a few thousand & we'll see cascading liquidations. There is almost no technical support all the way down to 30k.

  9. Not criticizing here but i never understood, if Technical Analysis is a self fulfilling prophecy then if everyone agrees then it should go in that direction, but many people say price does opposite of what majority sentiment is

  10. Nick.. i sold my whole portfolio cos u said btc is going to 30k.. ever since i sold, the market has been going up.. it btc gives a breakout instead of breakdown.. u will have ruined me

  11. The matter of fact is that no US presidential administration can afford to piss off the equity markets. The people/institutions donating and lobbying to both political parties expect new all time highs every year and even the middle class general public, albeit not as much exposed to the markets, really does not like their 401k or their family portfolio value going down 30%. Especially if soaring equity markets are viewed as an indicator of soaring economic growth. If a US administration wants to stay in power they have no other choice but to save the equity markets over and over and over again even if corrections and downtrends are a natural part of things. They couldn't stop the printing even if they wanted to… Of course the bill for all this will be payed, as usual, by the lower middle class and the poor who are generally not heavily invested in equities and have most of their savings in cash which will be (and are already) getting absolutely destroyed by low interest rates and high inflation. Honestly, its a disgusting system, but if you dont play the system the system plays you unfortunately….

  12. I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but l'm still confused, I'm a newbie and I'm open to idea

  13. I agree with everything except saying the FED is going to save the markets again. I don’t think they can this time. I’m still long term bullish though, will DCA per usual.

  14. Awwww, I can always tolerate your rambling nike, any day of the week, infact, I look forward to hearing from you, your channel has been one of my first and im still tuning in to lisern to your ramblings

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