Noice. I don't know IF or for how long $3000 will hodl as a hard support but from now it hasn't even been properly tested. So, for the little amounts I trade nowadays (I am mostly ALL in), I will keep reloading near $3000 and selling the bounces. Rinse and repeat.
Rinse and repeat. Rinse and repeat... This is where you give the pole small twitches to induce a strike.. ------------ Good morning hodlers. Soft technical bounce upwards towards the 0.236 fib. Indications of a continuation of this "correction" will pierce this resistance area and look for support in the $3.45k area. 1h D   |
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+1 WOsMerit Heh..its like he knew the broom would be used. ----------- Still wick-less on the Daily. Probabilities that this could be a swing low are rapidly diminishing. D   |
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The current bear market. Don't overthink it.
You ask much my friend. Very well. +1 WOsMerit |
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@infofront I think your poll is somewhat vague. The bottom of what? 2018? December? All time? --------- Bitcoin We may have bounced off the local bottom for now. A continuation of sideways and rising until after the 1st of the year and Bitcoins 10th birthday(thank you Satoshi). That being said, I see much volatility on or around December 18th. Which could bring a new yearly low, however I believe it will be short lived as the market is still oversold. If the news and response from institutions is positive over developing infrastructure(ie BAKKT and Co.) we could see a much different 1st quarter than we are all accustomed too. So perhaps this will save most of you from my ramblings and doodle art. Let me know how it works out for you. #dyor 15m  1h  4h  D  #stronghands2019 |
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Difficulty is massively dropping.
Miners will be or are already profitable again.
I thought I had read it was around $3.8k I am not sure the difficulty has dropped enough for even $3.25k to be profitable. Anyway...it appears the WO's are vigilant and prepared for whatever may come. Well done hodler's. Hope you all got to try some of that weekend dip. Good night.  |
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I think the news doesn't matter in a bear market. None of those will create any volume without demand, and there wont be any demand in a bear market. Bakkt will achieve nothing meaningful in the short term. It does open up new channels for when demand arises in the next bull run. TA is the way that humans achieve consensus on price. The price is an expression of solace in pattern matching, that is the only way short consensus can be achieved (fundamentals drive long term consensus - except long term TA takes into consideration fundamentals). The fundamentals driving long term price are primarily the halvening cycles, which is a supply side constraint. Supply gets restricted, selling pressure on the market from miners eases, price goes rocketing up. Its really that simple. The correlation with legacy to date has been so low as not be worth worrying about. Yes Taproot and Schnorr are nice, but they are icing on the cake, not fundamentals. My take on the technicals is there is a lot of traffic to get through before you can get back to $6k. That is going to require a really powerful event. The current descending wedge is not it IMHO.  How would you characterize the sell off this past year? Are we really looking for $6k so soon? Might not just getting the miners back towards profitability be a good start? As for Taproot and Schnorr rings, isn't increasing fungibility also increasing the fundamentals? I definitely think waiting for confirmation of your bias is a good thing however. |
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Simple solution. Take, say, 10% of your "new" profit on the way up.
Say you have 1000 as a baseline, you go up to 2000, you take out (2000-1000)*0.1 = 100.
Now you go from 1900 to 3900, and take out (3900-1900)*0.1 = 200.
That's what JayJaunGee told me he does, and that's indeed a very powerful strategy. I got almost 7x, and if I had taken 10% out I would be much more relaxed now. This strategy allows you to become rich and protect you from becoming poor lol Provides some insurance without gambling too much of your stash. You can find an amount that works for you, including a similar ratio that is cashing out 1% for every 10% the price goes up. Of course, if you might become less nervous as you are able to have bitcoins and cash stacked up, and accordingly, you might later begin to attempt to wait for BIGGER ranges. Some folks suggest that you might not want to cash out any BTC until it reaches at least a certain point, such as 2x or 5x, but in the end, it is good to tailor your own thinking and comfort level on the topic. I structured some of my initial ideas around rpietila's simple sane savings discussion in this thread. Ironic, perhaps, that he would be a "sane" recommender... hahahahahahttps://bitcointalk.org/index.php?topic=345065.0I found much of what he said fascinating..when he wasn't frying balls. Later..not so much. Here Jjg..some light reading for in between candle watching.. http://consc.net/event/reef/huntkicking.pdf |
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gold, guns, ammo, booze, transceivers
everything good is too heavy for a bug out bag
I need a bug out B-17
Can I interest you in a upgrade? 156,500btc per unit @ current prices..or you can BR the whole program for 1.5 million btc. 100 tonnes to LEO, the Moon or Mars.  p.s. Breaking thru that resistance right now it appears. Nice hodl rally.  |
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Guys, we're in the green?
sucker's rally Getting ready for the typical January drop. or the unusual rise ? Our best chance for a breakout this weekend is penetrating the cloud in this area imo. 1h  Cloud setting reverted to defaults for a different perspective. 4h  Five areas for your consideration. 1 & 2 have correlation. Teken and Kijun both fallling vertically. 3. Depending on today and tomorrows candle we are setting up for a possible swing low pattern. 4. MACD is turned and rising. 5. RSI is still oversold and appears to be turning upwards as well. D  Basically what I am seeing is either we get a bounce and cauterize the wound or we bleed out under 3k in the not so distant future. Stop selling your coins so cheaply! #stronghands2019 |
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You'll never walk alone
Great song. Best version ever is by that Liverpool band Gerry and the Pacemakers (attention Mic and LFC). Thanks for reminding me. I'll be adding it to my Xmas show this year. I know it's not actually a Xmas song but neither is Baby It's Cold Outside and I'll be doing that in every set this year. Go Bitcoin go (up please). Reminds me of Roy quite a bit.. +1 WOsMerit --------- Slightly different genre but relevant with the uptick we are seeing. I got mine...how about you? Moar cowbell! https://www.youtube.com/watch?v=sfHLqaFrzRA |
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+5 WOsMerit's Ad Astra Tim.  Allow me to close this post with an editorial note: if you want to honor Tim and his work with Cypherpunks, do not read the Wikipedia article on Cypherpunks. Just ignore it. That is what Tim did.
The Wikipedia article is a steaming piece of editorial dreck that appears to have been largely authored by brand ruboff-seeking sycophants and (at best) hanger-ons and more likely non-participants. There is hardly any word of truth to the article, in particular when it comes to the list of supposed Cypherpunks participants and their supposed contributions.
Instead, do what Tim would have done: close that browser window and pour yourself another Bourbon.
Those who were there, fighting at the front lines of the Cypherpunks trenches, such as Tim, know the truth. The hell with those seeking credit to whom little or no credit for those days and this massive effort that Cypherpunks was is due. |
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Lots of people supporting the 2800-2900 bounce on tradingview, well it's the most obvious scenario short term. Just hoping it doesn't give whales the bad idea to do otherwise  Its always the -0.618 isn't it?
Yeah...Of course i get it huh. Wait...what ? |
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That is my worst cast scenario.. *shrugs* The longer we do this slow bleed-off the greater the probability that we could see sub $2k imho. Regressions suggest that the upward trend line indicated here will carry us to 2020. My only question really is when and where we connect with it. #dyor W  That all being said...this was my choice in the poll..so there is that...  |
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Hodl on to your hat's... 1h  4h  I had been thinking the $3k area for a possible bounce location but maybe its been the -0.618 fib all along.. Its always the -0.618 isn't it? D  #stronghands |
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Ok, I see I can't go out for the whole day to do stuff.
What the fuck you guys have done to MY Bitcoin?
Just try & look for positives even if they’re totally not what you want to see. At least you can buy more bitcoin’s at affordable prices now. There’s no point getting upset over unbanked fiat gains. Trust me I have lost a hell of a lot (unrealised fiat gains) but there’s nothing I can do about it now. Just BUY, BUY, BUY all the fucking way down because when we go back up you’ll have a lot more than if you just sit here saying ‘it’s not fair’ after what’s happening to the price in 2018. Increase your hoard, it’s all you can do now. Cashing out would be ridiculous at these prices. I have also lost hundreds of thousands in unrealised profits. In comparison I don't have that much to lose now. But that's not the point.... I don't see any bounce, just drops and drops and drops without the slightest sign of a move upward. That is completely unusual even for Bitcoin. To quote my favorite cowboy. look out for the multi million buy walls getting placed now  20 k tommorow  You're giving me some hope to still hodl my bitcoin. But I'm still in the situation that scared in lost income. Imagine that I brought at 14K per bitcoin and now 9K per bitcoin sound scary right. Slightly displeasing, but not scary. If it crashed even further you shouldn't have too much of a problem with it because you shouldn't invest more than you can afford to burn. And on the contrary it just means riding out the wave with full confidence in your own decisions.  |
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Thank you so much for your assistance!
Your welcome. I see cheese. That shit be expensive, yo.
It is in fact those old silver block's of hazardous waste from the 70's that only say's "CHEESE" on it. I have several pallet's still lying around in the back of the bunker... ------- Still traveling down this channel. Small pennant forming for what could be a bounce upwards. I expect a small rally this weekend followed by another slow bleed off next week. There could be quite a bit of volatility if we fall down under $3k. 1h  |
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1h  I love rice and beans..  |
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Good morning Wall. I see you. Major exchanges have posted new yearly lows this morning as I am typing this. Is this the slide down to $3k? Another weekend bounce forming? Still buying dips and accumulating. #hodling 1h  Testing support at the -0.236 fib...again. 4h  Weak week upon week. W  |
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