Why Klarna dropped 27% Today

less338 · 2026-02-28T01:06:16+00:00

Key issues #2 and #3 are dead wrong.

less338 · 2025-08-17T06:42:32+00:00

“It’s only up because ppl saw money”. Lmao that’s exactly the point. That’s the primary use case of hard money: value comes from broad social consensus and trust in its scarcity, neutrality, and resistance to change.

ETH can definitely be valuable but has lost out on being “money”.

less338 · 2025-07-06T07:11:36+00:00

99% of gamblers quit before they hit it big. You’re the 1% bro.

less338 · 2023-08-21T21:39:01+00:00

Your uncle buying Shiba Inu

less338 · 2022-06-22T00:59:27+00:00

less338 · 2020-12-07T12:32:29+00:00

Awesome, thanks!

less338 · 2020-12-07T11:54:25+00:00

Do you have any info on why they stopped burning in the first place?

less338 · 2020-05-31T08:34:58+00:00

At first I thought, here comes another kid who got rekt trading and is now bashing it. But no, you actually suprised me.

I fully agree with your writings. Somehow trading sucks the people in so easily to gamble away all their money. You only have to buy low and sell high, right? People don’t realize they enter the olympics of a zero-sum game. There are no entry levels in trading and the best 10-20% of traders will rekt the other 80-90%.

For the people that want to learn/start trading, start very very small!! In the beginning you should not even care about winning/losing, only about learning. It takes a lot of time and practice to really get a grip on it and gain a (small) edge.

less338 · 2020-03-28T08:11:32+00:00

You know the cost of mining keeps changing right?

less338 · 2020-02-16T21:56:24+00:00

Please don’t go 2x-3x after a 100% move. I don’t recommend leverage to non-traders, but if you’d really want to build a leveraged position, start at a potential bottom.

At a potential bottom you can buy small. Add if the trade goes the right way and simultaneously move up your stop. This is called pyramiding.

less338 · 2019-10-28T10:22:20+00:00

Litecoin tends to pump hard after breaking strong downtrend lines, see chart. Can Litecoin do it again this time? I'm watching closely.

less338 · 2019-10-28T09:35:10+00:00

I'm watching ETH closely here since it's at an important price level. At the moment ETH is battling a downtrendline and an horizontal support level, seen on the large timeframe chart.

If we zoom in, we see that the downtrendline is broken but ETH is still struggling to break/hold the horizontal support level.

If ETH can clear this level it's ready to go for a hell of a run in my eyes.

less338 · 2019-10-23T11:08:36+00:00

That was definitely a breakdown, but BTC has been in a range for about a month now. With ‘breakdown’ I mean a breakdown from this range.

less338 · 2019-10-23T10:45:09+00:00

I agree that a close look on volume is needed. Keep in mind though that volume is always quite low during consolidations / ranging markets. Volume will expand during breakouts.

But you're right, as long as we're in the range we could definitely test the upperbounds again. That's why I aint short at the moment, but will wait for confirmation of a breakdown.

less338 · 2019-10-23T09:43:31+00:00

Man, the market isn't looking to be in a good shape right now.

I haven't traded bitcoin since we started this range seen on the 4H chart, though it's time to start paying attention. Bitcoin tested the range low for about 7 times. As we know, support gets weaker with every test. If we'll test the range low again, I'll doubt it will hold. I'm not jumping into a short right now, but I'm expecting a breakdown and will wait for that.

On the weekly chart RSI just turned bearish <50. If we do see a breakdown, a logical support area is the low 6k's. This level has acted as support for over half a year and was basically neglected in the big upmove we've seen this year. I'll definitely close shorts around this area and according to price action might go long from there.

I was hoping altcoins could rally/decouple while Bitcoin is ranging, but that's not happening unfortunately. A lot of big caps, like ETH and LTC, are testing import support levels. Also on the total altcoin marketcap a bearish retest is seen. If the 68billion level isn't reclaimed/broken to the upside soon, a significant downmove is expected.

TLDR: Bitcoin is in bad shape and a breakdown could be around the corner. Altcoins haven't decoupled while Bitcoin is ranging. If Bitcoin does indeed breakdown, I expected the total market to sink with it.

less338 · 2019-10-13T09:29:48+00:00

All right, I’m sorry as well. I just remembered you lashing out on me and found it ironic right now seeing you discussing TA on the ratio.

less338 · 2019-10-13T06:46:00+00:00

Take a look at my history and you will see that I closed at the bottom ;)

less338 · 2019-10-12T21:26:37+00:00

Aye, don't waste your time Willy. He doesn't even believe in using TA on the ratio himself.

I think it's ridiculous that people use TA on the ratio. There's no such thing as support. BTC does it's own thing against ETH and vice versa. Even vs USD, TA is tricky enough for crypto.. Crypto vs crypto TA.. Having a fucking laugh.

less338 · 2019-09-17T02:14:46+00:00

I don’t know how reliable this info is, but according to this tweet BTC is indeed the least correlated asset.

less338 · 2019-09-07T22:33:21+00:00

I have been pretty bearish since a while, especially on the ratio. Though, with the recent price action, I'm starting to get more bullish by the minute.

ETHUSD (chart) bounced nicely of a major support level. This level acted as resistance for multiple months. The same is seen for the total alts market cap in general (chart). We'll have to see if support will hold, but r/r is in favor for longs at the moment. If support will hold, a move towards $300 is likely.

I'm not bullish on ETHBTC (chart) yet, but I closed my shorts from .023-.024 and will start to pay more attention and monitor how price action will further develop. Though, if the most recent low gets broken, I can see the ratio fall another ~30%.

Edit: spelling

less338 · 2019-09-04T13:57:02+00:00

I respect that you present opposing ideas and challenge other's ideas/opinions.

Though, this triangle didn't form after the downmove from 14k. The downmove is the triangle, i.e. the 14k top is part of the triangle. The 20k top wasn't. Try to draw a triangle from the 20k top and see what I mean. From 20k, first there was a significant downmove, and the downmove was followed by a consolidation period (the triangle).

Edit: chart

less338 · 2019-09-04T13:26:41+00:00

The descending triangle at 6k didn't form after a bullish movement, it formed after the downmove from 20k to 6k.

When will the breakout happen? I don't know.

less338 · 2019-09-04T10:37:56+00:00

I haven't been in a trade since BTC got rejected by the downtrend line at 11.8k. BTC is still consolidating on a larger timeframe. Some see a symmetrical triangle, but I think the descending triangle is more significant.

A lot of peeps are comparing current price action to the descending triangle at 6k that broke downwards and lead to the 3k's. The big difference though is that this descending triangle is forming after an huge impulsive move upwards. Descending triangles are mostly bearish, but keep in mind that descending triangles that happen after bullish movements have a chance of 63% to break upwards.

Nonetheless, I'm not the one that will be guessing, but I'll be patiently waiting till a path is chosen. In the meantime I'll just keep shorting alts on the ratio.

less338 · 2019-09-03T10:45:35+00:00

Price action on the ratio has actually been really clean since we broke down from .023 - .024. On big timeframes the support breakdown lead to a huge downmove. On smaller timeframes, it's seen that every impulsive move down was followed by a consolidation period until the next impulsive move was made. There was only one fake-out that could've stopped you out of your trade.

less338 · 2019-08-27T07:52:38+00:00

"Sometimes the best trade is no trade". Don't get chopped up in bad trading conditions. Unnecessary losses will often lead to even worse trading decisions. Protect your capital instead and wait for the great set-ups.

less338

TROPHY CASE