klee (OP)
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July 05, 2016, 08:16:19 PM |
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I believe in the Zen 'cowboy' samurai...
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Mario241077
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ORB has a good chance to grow.
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July 05, 2016, 08:24:19 PM |
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I believe in the Zen 'cowboy' samurai...
from china? samurai? The big thing will come from China, with the devaluation of the CNY
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klee (OP)
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July 05, 2016, 08:53:05 PM |
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I believe in the Zen 'cowboy' samurai...
from china? samurai? The big thing will come from China, with the devaluation of the CNY Samurais were from Japan Bushido The cowboy will use Japanese Zen Taoistic Aikido to kick the shit out of Chinese charlatans!
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Mario241077
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ORB has a good chance to grow.
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July 05, 2016, 09:03:30 PM Last edit: July 05, 2016, 09:23:50 PM by Mario241077 |
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I believe in the Zen 'cowboy' samurai...
from china? samurai? The big thing will come from China, with the devaluation of the CNY Samurais were from Japan Bushido The cowboy will use Japanese Zen Taoistic Aikido to kick the shit out of Chinese charlatans! i know but bushido is from germany haha but Chinese are more rich... check google this my chart, confirm Daily chart, based on hourly chart
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Mario241077
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ORB has a good chance to grow.
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July 05, 2016, 09:33:03 PM |
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that's the same lines, only displayed in weekly chart The problem of Bitcoin / Altcoin community's confidence in itself. The mass media have their full effect, even here! People have more afraid than confidence, but a decentralized Block Chain is true for everyone, even banks
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Mario241077
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ORB has a good chance to grow.
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July 05, 2016, 09:37:14 PM Last edit: July 06, 2016, 06:29:59 AM by Mario241077 |
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not from me in this chart, is the upward correction long overdue edit:
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klee (OP)
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July 06, 2016, 06:21:23 AM |
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this my chart, confirm Daily chart, based on hourly chart Not sure what to confirm but 4700cny/700$ are important resistances!
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Mario241077
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July 06, 2016, 06:26:06 AM |
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Not sure what to confirm but 4700cny/700$ are important resistances!
ok then check here http://www.finanzen.at/devisen/realtimekurs/us_dollar-renminbi_yuan-kursdown, Devaluation of the yuan every day;) and Chinese Investors are Flocking to Bitcoin Due to Fear of Inflation China is turning its attention to Bitcoin and generating massive amounts of Bitcoin as concerns grow over the vulnerability of the global financial sector says Chairman of China Smartpay Group. A recently published article of Joe Zhang’s in the South China Morning Post highlights the fact that while the Chinese government is cautious about Bitcoin there are in fact plenty of active exchanges in the country with a large number of Chinese individuals taking part. Zhang, however, states that there are two points, which are interesting to look at. Namely that China is an overbanked country providing banking access to the rich and poor where it only takes ten minutes to open a bank account, and Chinese banks and post offices provide good services for money transfers. https://www.cryptocoinsnews.com/chinese-bitcoin-investors-inflation/
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freshman777
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July 06, 2016, 06:53:21 AM |
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not from me in this chart, is the upward correction long overdue edit: Could it possibly be that 'logarithmic' doesn't apply any more?
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ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
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Mario241077
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July 06, 2016, 07:12:58 AM |
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Could it possibly be that 'logarithmic' doesn't apply any more? sure
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klee (OP)
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July 06, 2016, 05:17:31 PM |
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NXT or XMR?? Green for NXT, orange for XMR This chart proves that even after a severe NXT bear market, it is still 1% stronger than XMR (kiss this icebreaker) So if it quadruple top breaks at 2% stronger, no point in holding XMR, even long term! Relative Strength.Chances that this chart will get more bearish for NXT are very small. Long story short, no reason to hold long term XMR, especially now => better switch to NXT. This is strictly from TA PoV. Don't start the fundamentals shit in here...
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Kramerc
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July 06, 2016, 09:27:26 PM |
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I'm arguing that there are also different metrics that are useful to gauge which alt currency one should be in, if any.
My point is that NXT market cap was 3.7 times smaller at the recent peak compared to the ATH (in both price and market cap), while XMR's cap was 4 times higher at the recent peak, compared to when the price made the ATH. What this means both for the past and for the future, I will let you and the other readers figure out for yourselves.
Just make sure that you're in before that O column scratches your nice wooden floors.
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klee (OP)
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July 06, 2016, 09:32:35 PM |
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I'm arguing that there are also different metrics that are useful to gauge which alt currency one should be in, if any.
My point is that NXT market cap was 3.7 times smaller at the recent peak compared to the ATH (in both price and market cap), while XMR's cap was 4 times higher at the recent peak, compared to when the price made the ATH. What this means both for the past and for the future, I will let you and the others readers figure out for yourselves.
Just make sure that you're in before that O column scratches your nice wooden floors.
NXT bottomed recently. XMR 1 year ago. XMR will struggle to break 350k NXT will go at least 5000k The RS chart says NXT bottomed too. Why should XMR go nuts? Because GUI? NXT has an ICO going on and various big agreements will begin to come in light. Recent peak in NXT is not just to get compared with XMRs peak (it was a spread double top too, so it is relatively safe to say that we know the XMR top, as we know that the NXT top is between 10k-15k). Try with NXT at 16k satoshi.... So let me put it right: 15k * 1bn = 15 trillion satoshi market cap for NXT 400k * 12m = 4.8 trillion satoshi (and I should have put less than 12m) Go figure...
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macsga
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Strange, yet attractive.
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July 06, 2016, 09:32:53 PM |
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I'm arguing that there are also different metrics that are useful to gauge which alt currency one should be in, if any.
My point is that NXT market cap was 3.7 times smaller at the recent peak compared to the ATH (in both price and market cap), while XMR's cap was 4 times higher at the recent peak, compared to when the price made the ATH. What this means both for the past and for the future, I will let you and the others readers figure out for yourselves.
Just make sure that you're in before that O column scratches your nice wooden floors.
To my understanding Relative Strength has nothing to do with coin capitalization but rather the current strength of one coin relatively to another. Arguing on such a crystal clear thesis should be done in terms of another TA method, not different metrics. Equally, it would be like comparing 2 vehicles and their relative velocity; you don't want to be to the bigger one (grander coincap) but to the faster one (stronger rise), that's how RS is being used to make money.
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Chaos could be a form of intelligence we cannot yet understand its complexity.
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Kramerc
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July 07, 2016, 05:45:40 AM Last edit: July 07, 2016, 05:57:28 AM by Kramerc |
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NXT bottomed recently. XMR 1 year ago.
XMR will struggle to break 350k NXT will go at least 5000k
The RS chart says NXT bottomed too.
Why should XMR go nuts? Because GUI?
NXT has an ICO going on and various big agreements will begin to come in light.
Recent peak in NXT is not just to get compared with XMRs peak (it was a spread double top too, so it is relatively safe to say that we know the XMR top, as we know that the NXT top is between 10k-15k). Try with NXT at 16k satoshi....
So let me put it right:
15k * 1bn = 15 trillion satoshi market cap for NXT 400k * 12m = 4.8 trillion satoshi (and I should have put less than 12m)
Go figure...
Why are you bringing fundamentals into this? Weren't we talking purely TA? RS chart shows triple bottom break with chances of catapult. I'd rather wait it out than buying NXT with my XMR. Everything else you've written is purely speculation that has no basis in TA. Sure, support and resistance levels are there, and doing their job, just until they're not, so I'd rather not make clean cut statements about tops and bottoms, because you never know. Good luck trading, as long as we're making more bitcorns, 'tsall good. edit: @macsga: I did bring another TA method into play, one which helps determine supply and demand probably much better than price does. XMR market sucked in millions of coins from the huge emission from the last years which speaks demand (grass-roots, manipulated, I don't know/care/can't gauge, but someone was there to buy those coins), NXT shows a 4 times smaller market cap in the same period which shouts "nobody wants this coin (for now)". Pretty simple if you think about it: demand => higher prices, lack of demand => uncertainty. edit2: how about a RS chart based on marketcap and not price? Would that be possible?
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klee (OP)
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July 07, 2016, 06:56:19 AM |
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NXT bottomed recently. XMR 1 year ago.
XMR will struggle to break 350k NXT will go at least 5000k
The RS chart says NXT bottomed too.
Why should XMR go nuts? Because GUI?
NXT has an ICO going on and various big agreements will begin to come in light.
Recent peak in NXT is not just to get compared with XMRs peak (it was a spread double top too, so it is relatively safe to say that we know the XMR top, as we know that the NXT top is between 10k-15k). Try with NXT at 16k satoshi....
So let me put it right:
15k * 1bn = 15 trillion satoshi market cap for NXT 400k * 12m = 4.8 trillion satoshi (and I should have put less than 12m)
Go figure...
Why are you bringing fundamentals into this? Weren't we talking purely TA? RS chart shows triple bottom break with chances of catapult. I'd rather wait it out than buying NXT with my XMR. Everything else you've written is purely speculation that has no basis in TA. Sure, support and resistance levels are there, and doing their job, just until they're not, so I'd rather not make clean cut statements about tops and bottoms, because you never know. Good luck trading, as long as we're making more bitcorns, 'tsall good. edit: @macsga: I did bring another TA method into play, one which helps determine supply and demand probably much better than price does. XMR market sucked in millions of coins from the huge emission from the last years which speaks demand (grass-roots, manipulated, I don't know/care/can't gauge, but someone was there to buy those coins), NXT shows a 4 times smaller market cap in the same period which shouts "nobody wants this coin (for now)". Pretty simple if you think about it: demand => higher prices, lack of demand => uncertainty. edit2: how about a RS chart based on marketcap and not price? Would that be possible? I am bringing fundamentals because XMR 'sucked' all it had to suck while NXT 'leaked' all it had to leak. So market caps will reverse now (as weekly RS did, see below). The shorter term RS posted above shows that even when NXT bottomed was still stronger than XMR. Imagine now, that there is no NXT but Ardor, a new coin!! (Fundamentals again). You really thing XMR can compete (even in market cap RS) with a new coin FOMOing? Some fundamentals (new coin) ARE Technicals. One has to look at the individual P&F charts (NXTBTC, XMRBTC) too. NXT worst day was 900 satoshi, I am sorry for you but it WON'T go lower, not under these circumstances (fundamentals and TA). While XMR will struggle to break 300-350 area. So I don't see the catapult you are dreaming but a quadruple top break. Also, even after yesterday's NXT dump and XMR pump, RS is still the same. Furthermore, a better RS to watch is the weekly: You play the column here (more long term chart). Now you should be in NXT, get over it. If I had the data I could do a market cap RS but not easy as you understand. In the future I will do stuff like this, now I have some other projects to finish.. All P&F charts at top look uber bullish, on bottom uber bearish (Dorsey Wright). Time for a reversal (weekly RS says so too). So we have 2 assets, 1 was in severe bear market but still stronger than the other, it is reversing and we will be on the loser? Play the winners. PS: You did not answer me on your trick to compare the 2 coins market caps in different tops (and not both on their ATH).
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klee (OP)
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July 07, 2016, 07:02:06 AM |
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IMO market cap is a metric that is not important in printing BTC for you but maybe has some merit for the coin's fundamentals (people are interested etc).
If you have 2 BTC printing coins, you choose the stronger.
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klee (OP)
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July 07, 2016, 07:03:34 AM |
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To put it another way Kramer so you understand me:
See that double top in weekly RS? It was time to switch to XMR (especially after the reversal).
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