1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

mannyrs13

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What does that mean????:what:
They do a stress test I guess annually, to determine how strong the banks are.


What Is a Bank Stress Test?​

A bank stress test is an analysis conducted under hypothetical scenarios designed to determine whether a bank has enough capital to withstand a negative economic shock. These scenarios include unfavorable situations, such as a deep recession or a financial market crash. In the United States, banks with $50 billion or more in assets are required to undergo internal stress tests conducted by their own risk management teams and the Federal Reserve.1



Basically they test different things to see if the banks can hold up. Started after 08 financial crash. 55% crash in stocks is pretty significant cuz if it's based on current figures, stocks have been hit hard already. And of course crypto tends to follow stocks mostly so they'll both be affected if something like that were to occur.
 

mannyrs13

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Were all the chart wizards wrong, shyt keep going up.

A phone?


Might be a bearish pennant on the 1D. Plus options expire tomorrow. Not sure what the numbers are for each side. Maybe someone does or I'll have to look for them.


pennant-patterns_body_BearishPennantPatternwithlabels.png


MqQK4kab
 

mannyrs13

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Huge discrepancy towards the bearish side.



Bears have the bulls by the horns​

Below are the three most likely scenarios based on the current price action. The number of Bitcoin options contracts available on June 24 for call (bull) and put (bear) instruments varies, depending on the expiry price. The imbalance favoring each side constitutes the theoretical profit:

  • Between $18,000 and $20,000: 500 calls vs. 33,100 puts. The net result favors the put (bear) instruments by $620 million.
  • Between $20,000 and $22,000: 2,800 calls vs. 27,00 puts. The net result favors bears by $520 million.
  • Between $22,000 and $24,000: 5,900 calls vs. 26,600 puts. The net result favors the put (bear) instruments by $480 million.
 
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