Volume seems suspiciously low
Posts (61)
Short covering
All crypto, at the end of the day, are subject to easy fraud/theft/lost and then difficult/impossible to trace or recover with zero consumer protection, not to mention extreme volatility with zero real value and only speculative usefulness, which is not what a usable global electronic currency should be like…even currency/gold is better at holding value over the long term across international borders…big changes are needed but can never be accomplished due to the fragmented/decentralized nature of the crypto itself
$QQQ tech traders trade on trends, momentum and growth potential and valuation changes …not on current valuation or traditional valuations
$AAPL stellar earnings and outlook and priced to perfection…price level has yet to meet reality of current macroeconomic data
$TSLA abnormally low put/call volume yesterday…expecting more downside on shorting excessive bullish sentiment on the overall continued downtrend and negative macroeconomic outlook
$COIN the bet has gone wrong….being that crypto is decentralized and fragmented it’s unlikely to fix itself…damage has been done to that industry that will or never restore investor confidence but only attract traders and speculators on the continuing slide/covering …this likely will not be enough to grow $COIN revenue that depends on broader mkt participation…$arkk risk exposure to crypto needs to be reevaluated on short covering for better prospects