this MINOR 3 wave, if it is underway, could be strong, and rise quite a bit with almost no corrections.
Have you calculated projections for this MINOR 3 based on the size of the 1? MINOR3=MINOR1, MINOR3=1.618(MINOR1), ...
The initial expectation for MINOR 3 is as follows, using COINBASE pricing... $106,059 : MINOR 3 = MINOR 1 * 1.618 It's funny, with Binance BTCUSDT prices, it turns out to be 91k, if I haven't miscalculated it. It's too much difference. At 106k, what I get is x2: MINOR 3 = 2 x MINOR 1 ---> 106k$
MINOR 3 = 1.618 x MINOR 1 ---> 91k$ |
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this MINOR 3 wave, if it is underway, could be strong, and rise quite a bit with almost no corrections. Have you calculated projections for this MINOR 3 based on the size of the 1? MINOR3=MINOR1, MINOR3=1.618(MINOR1), ... |
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You see the possibility that MINOR 2 has one wave down, that is, a movement of 5 waves. In other words, when do we consider MINOR 3 confirmed? could it be topping last week's high?
Yes, that's possible. A daily or weekly close above the 18-SEP high ought to suggest MINOR 3 uptrend is underway. I was going to comment that we could be close to seeing that MINOR 3 confirmed, but I see that it is necessary to wait for the closing, even weekly, it is not worth just exceeding the maximum of September 18 in intraday. |
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You see the possibility that MINOR 2 has one wave down, that is, a movement of 5 waves. In other words, when do we consider MINOR 3 confirmed? could it be topping last week's high? |
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If however MINOR 2 pullback is still progressing, then not expecting a move below the 50% Fibonacci retracement of the prior uptrend, which is around the $41,000 zone.
I suppose we have some margin for that 41k $ maximum retracement, or do we have to recalculate? |
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I see that you are inclined to think that the movement that BTC has had for 4 days is an accumulation, not a distribution. And it will end up breaking overhead, once that MINOR 2 ends.
Have you checked the movement on a smaller scale to know when that MINOR 2 has finished?
Its possible MINOR 2 pullback is now already complete —i.e. it has met the minimum expected pullback criteria of around a 38.2% Fibonacci retracement of the prior uptrend. If however MINOR 2 pullback is still progressing, then not expecting a move below the 50% Fibonacci retracement of the prior uptrend, which is around the $41,000 zone. A daily close above the 09-SEP high of around $47,400 may confirm MINOR 3 uptrend is underway. 47400$, very thanks! I believe that the conditions are in place for it to be sufficient downward, that is, everything seems to indicate that it has been a rapid fall to throw out some leveraged longs, and from the low of that fall, build a lateral accumulation movement for the next rise . |
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I see that you are inclined to think that the movement that BTC has had for 4 days is an accumulation, not a distribution. And it will end up breaking overhead, once that MINOR 2 ends. Have you checked the movement on a smaller scale to know when that MINOR 2 has finished? |
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I've never used Dapps like that, is it really safe and reliable?
I have no experience using swaps between different blockchains, because usually swap only supports crypto-based tokens.
I just wanted to know if what Poloniex does is possible outside the exchange, I understand that to provide that service, I believe that an exchange that provides liquidity is necessary, so that it is possible that the client can change ETH or BTC at any time for their respective ETHTron and BTCTron |
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Good, I just got to know the Poloniex service to send ETH or BTC through the Tron network, facilitating at any time a 1 to 1 exchange between ETH and BTC and their respective Tron tokens. The good news is that you can send ETH for just $ 1. Well, the question is whether this is only done by Poloniex or is there a multichain wallet that can do it. I've also heard that Trezor could make it easier, but I'm not sure. Congratulations to Poloniex for the service.
If it is offtopic, I would appreciate some info by mp, because I can't find anything on this topic.
Thaks!
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We are about to release atomic swap widget for trustless multichain trading. The first pair will be ETH - TRON and will soon implement Bitcoin, EOS, Aeternity networks.
Do you find it useful? Would you use such dApp?
I was precisely looking for info to know how Poloniex does it, so that I can send, for only $ 1, ETH through the Tron network and BTC as well, of course what reaches the recipient are TRC20 tokens, but Poloniex provides the service of to be able to freely exchange ETH or BTC for their respective Tron tokens, at a 1 to 1 exchange. The question is, are there multichain wallets with which this can be done? Send ETH for just $ 1? And I just realized that the post turned 2 years old yesterday, I've seen Sep 5, but I didn't realize the year.  |
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Well, I do not understand why people are warned against something that has not been proven as a dangerous application at all, and has been running for over a year on millions of phones. If someone wants to spend their time, and it's really only a few seconds a day because that's all it takes to refresh the application, why not? If someone has a profit from it, and it's not much for a few seconds, collect free coins. After all, all cryptocurrency faucets work the same way.
Cryptocurrency evangelists, probably all of them with full pockets, are trying to convince everyone that KYC is the same demon. As soon as they see a project that demands KYC, they sentence it to death. The problem is that there are people who are not rich like them and have no choice but to try their luck in projects like PI. We don't know if it will be successful, but we have no choice. We cannot risk the little money we have to buy cryptocurrencies. Cryptocurrencies can only be the salvation of the vast majority, with projects such as PI and other Basic Income. Meanwhile, it is only the salvation of those who have enough money to risk it. And I totally agree with you. The confusion is created because the Pi project using the word "mining" and requires KYC. After all, from the very beginning there are "faucets" that give out coins for free. It's true that Pi Network is more elaborate and may seem complicated, but I don't see anything wrong with that. It is innovation and originality that wins on the market. I wish everyone who believed in PI Network to earn a lot of money on it. Among the most experienced, the word mining seems a sin or a sacrilege, deserving of divine punishment. Anyone who spends 5 minutes informing themselves, realizes that it is a distribution of coins from a mainnet that has not yet been launched. It is what the specialists could call a pre-mining, which will happen the day the mainnet is launched and its number will depend on the number of total PI that results from adding the PI obtained by all the followers who have had enough patience to click the button every day, despite the continued fud as to the danger of passing KYC, and the word minting is misused by those responsible. Leaving aside the failure with the word minting and the logical misgivings about the KYC, I suppose that the success of the project, in addition to the total number of followers that it manages to gather, will come from giving a use to the currency and at this point it will play a very important role. the Hackathon that is taking place and that ends on September 30. The success of PI will depend on what happens after September 30. And what the development team decides to do with all the ideas that come up. |
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Well, I do not understand why people are warned against something that has not been proven as a dangerous application at all, and has been running for over a year on millions of phones. If someone wants to spend their time, and it's really only a few seconds a day because that's all it takes to refresh the application, why not? If someone has a profit from it, and it's not much for a few seconds, collect free coins. After all, all cryptocurrency faucets work the same way.
Cryptocurrency evangelists, probably all of them with full pockets, are trying to convince everyone that KYC is the same demon. As soon as they see a project that demands KYC, they sentence it to death. The problem is that there are people who are not rich like them and have no choice but to try their luck in projects like PI. We don't know if it will be successful, but we have no choice. We cannot risk the little money we have to buy cryptocurrencies. Cryptocurrencies can only be the salvation of the vast majority, with projects such as PI and other Basic Income. Meanwhile, it is only the salvation of those who have enough money to risk it. |
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People on social media are talking about the Pi network, particularly those who are new to mining and have no idea how it works. They're comparing it to other NFT games in the Philippines because it's free and can generate money without investing, and my friends are also spreading this pi network, so I'm continually replying to this thread to let them know what's going on.
I've seen that and it's across in different Axie Infinity groups. They're posting that for those folks that don't have money to invest in Axie, they're looking at that 'mining' through Pi. They lack of research and think that it's going to give them decent profit when it's ready for launch. They don't know that this has been there for a long time and still there's no progress until when they're going to make sure that their investors or people who are looking at them will be worth it with their effort and time being wasted on it. I haven't seen in the circle of my friends do it but when I've told it to a certain group that just don't waste their time on it, they just ignored me. They probably ignored you because they will have money to invest in some crypto, the one who does not have money has no other option than to be patient with PI or similar projects, where you do not have to spend a single dollar. Sure there is nothing, but if it works, they will be happy to get something for free. |
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1) That was a typo. I updated all data in the chart, except I forgot to update the formula parameters in the chart... Updating the chart was a hard manual process, and so subject to minor errors.
2) The chart should be updated regularly...
3) I made those charts to have an idea of whether the BTC price was overvalued or undervalued at the moment of every update. The chart could also be useful for estimating under-over valuation for one or two years in the future. And also gave and idea of the enormous revalorization of BTC that was left by them. But I never did that as a prediction, because no one can predict the market behavior. The price hitting 10k with just days of difference... is just luck. No cristal ball here... Seriously.
4) The wolframalpha gave an approximation of the value at a given date, given that updating the chart was a hard process.
Glad to see the legendary Trolololo!! Have you ever added overbought and oversold bands to better visualize those levels? Is there a model that includes bands that you like more? It would be interesting to see where the overbought band is right now or 6 months ahead. |
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Primary 5 looks like a more than acceptable outcome to me  How likely do you think it is that we resume the bull run & reach new highs this year? Worrying times at the moment, would love to see what you think. Can't rule out a revisit to the 27K zone just yet, but a move beyond the 15-JUN-2021 high of 40K ought to confirm the the bull market has resumed. Barring a truncation, PRIMARY[5] at the very least ought to match the high of INTERMEDIATE(3) set on 12-APR-2021. So at a minimum, back to 65K is expected before 2022 —which is a 100% gain from here. Fibonacci-based targets for PRIMARY[5] as follows, perhaps either by DEC 2021 or MAR 2022 (BNC:BLX pricing)... $136,152 : PRIMARY[5] = PRIMARY[3] * 0.786%
$219,866 : PRIMARY[5] = PRIMARY[3] * 0.886%
$379,693 : PRIMARY[5] = PRIMARY[3] * 1.000%
thanks for the update!!. I see you give a time forecast for the end of PRIMARY [5], on Dec/21 or March/22. Could you indicate how those dates come out? Thanks. Which of the two options you see more possible, a maximum in March/22 would mean a 3-month slower rise. |
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Estos cálculos son muy peligrosos.
Podrían llevar a malentendidos a nuevos potenciales inversores.
La inversión en BTC sigue siendo MUY arriesgada.
Rendimientos pasados no aseguran futuros.
Invierte sólo lo que te puedas permitir perder.
Entrada:
-entra escalonadamente durante todo el período bajista, que suele durar meses, así podrás acumular una cantidad apreciable(2000-3000$), comprando un poco cada semana o cada mes. Es decir, calcula cuanto te puedes permitir gastar cada semana o cada mes y hazlo regularmente.
-Tienes que ser regular. Si puedes, aprovecha caídas como la actual, donde BTC ha caído un 50%, para comprar más barato, pero compra la cantidad prevista, no más.
-No vendas, o habrás incumplido la regla fundamental, la de invertir el dinero que puedes necesitar.
Venta.
-Espera pacientemente, dos o tres años, al próximo bullrun. Lo identificarás por un volumen notablemente superior, una subida vertical del precio y sobre todo, porque tu vecino en el ascensor te comenta que ha comprado BTC.
-Y vendes una parte acorde a tu estrategia, puede ser un 50% o todo.
Y a esperar la próxima oportunidad.
En este 2021, al inversor medio, no compres por encima de 40k$ y esperate un año o dos. El tren ya pasó, espérate al próximo.
Nadie regala el dinero, no hagas caso a los cantos de sirena.
El tiempo es el mejor aliado. Preguntale a los hodlers.
Pero no esperaron 1 año, no. Esos aguantaron mucho más. En torno a 4 años mínimo.
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No conozco el origen de este debate, pero si las 3 grandes correcciones de BTC han pasado del 80%, no se te ha ocurrido probar con el 20% o algo cercano?
En este caso basta con esperar 8 semanas. No lo había considerado porque, si te fijas, cada vez estamos obteniendo menos información, no más. Cuanto más exigentes son las condiciones para entrar al mercado, menos puntos de entrada hay, hasta que llegando al extremo obtenemos la conclusión obvia de que "bitcoin bajó el 89% (o el que sea) desde máximos solamente una sola vez en su historia y ese fue el mejor momento para entrar". Lo que quería decir es que desde ATH han ocurrido tres grandes correcciones que han superado el 85% y tras las tres, se han vuelto a superar máximos, consiguiendo ATH. Si estamos buscando un punto para comprar en el próximo mercado bajista, habría que considerar que podría llegar de nuevo a superar el 80% de corrección. Osea, comprar en el 20% del ATH previo. Por ejemplo, si en esta nueva burbuja se llegara a los 130k$ para final de año, nos daría 26k$ Pero claro, son solo posibilidades, lo apropiado sería dividir las compras. Cuantas semanas estará el precio por encima o por debajo de un nivel? pues depende del movimiento del precio, no es lo mismo que dibuje un canal descendente, como una plana. |
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Esta es la gráfica del 31%. Se ve que durante un momentito hay pérdidas (la línea roja cruza el umbral del 1); usando 30% ya no aparece ese pequeño segmento.
Fenomenal trabajo! No conozco el origen de este debate, pero si las 3 grandes correcciones de BTC han pasado del 80%, no se te ha ocurrido probar con el 20% o algo cercano? |
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The Pi Network application, which allows you to mine digital currency on a mobile device, may be involved in the leakage of personal data of Vietnamese users. The database with 17 GB of data is sold on one of the hacker forums. Presumably, it contains information obtained as a result of Pi Network users passing the KYC procedure, including identity cards, addresses, phone numbers and emails. https://e.vnexpress.net/news/news/personal-data-leak-affects-thousands-of-vietnamese-4279503.htmlPI does not do KYC directly, at least in the last year, YOTI does them The KYC verification isn't the bad thing here but implementation of KYC when mining is out of this world mate, proof of work algorithm with KYC? If that sounds normal to you then you don't know what proof of work is... Pi Network ruined themselves The mainnet network has not yet been launched, at the moment we only have a token distribution system based on the patience that we have giving the button for 1 or 2 years. Something that is really testing my endurance capacity. KYC is a way to select only humans, because there are a lot of clever people who could claim tokens from various accounts using bots or whatever invention they come up with. KYC does not intervene in the operation of the network, it is simply a way of selecting the people who will then receive the tokens. Once the mainnet has been launched and the tokens distributed, it will no longer be essential to pass KYC to have PI, only those that continue to use the original wallets, because there will be other wallets that are not associated with KYC. |
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The Pi Network application, which allows you to mine digital currency on a mobile device, may be involved in the leakage of personal data of Vietnamese users. The database with 17 GB of data is sold on one of the hacker forums. Presumably, it contains information obtained as a result of Pi Network users passing the KYC procedure, including identity cards, addresses, phone numbers and emails. https://e.vnexpress.net/news/news/personal-data-leak-affects-thousands-of-vietnamese-4279503.htmlPI does not do KYC directly, at least in the last year, YOTI does them |
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