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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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The daily 200 MA is falling pretty steeply these days. At this rate, it won't be much longer until it encounters the 50 MA for a golden cross. Assuming the 50 MA flattens out around current prices, this would bring us to mid-September-ish. This is how it played out the last time we had a golden cross in 2015: the 200 MA fell to meet a flat 50 MA. Following a more aggressive 50 MA trend from the recent bottom, it could even happen as early as mid-August-ish. 1 to 2 months. Right around when we expect some ETF news. Who wants to guess the date? Straight Outta My Ass (tm) TA Daily 50/200 MA
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4393
Be a bank
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July 16, 2018, 10:07:10 PM |
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It's fine TA. Just a note, a lot of the bots use a 55 MA. Go to the Golden Cross, have a nice cold pint and wait for this all to blow over
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4393
Be a bank
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July 16, 2018, 10:17:58 PM Merited by BobLawblaw (10) |
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He hides his lightning under a bushel.
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Rosewater Foundation
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July 16, 2018, 10:39:59 PM |
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Credit where it's due*. I couldn't Lightning my way out of a paper bag. Maybe I should start. But my skills are entirely other. *Rosewater gives Anon136 credit, because it's cheaper than sMerits*
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4393
Be a bank
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July 16, 2018, 10:50:30 PM |
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^Thanks, man. Our emu overlords are benevolent.
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jojo69
Legendary
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Activity: 3374
Merit: 4754
diamond-handed zealot
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July 16, 2018, 11:00:30 PM |
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you deserve it man
I'm about to log off for like 2 weeks and I'm really worried I will miss the V8 legendary party
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d_eddie
Legendary
Offline
Activity: 2716
Merit: 3827
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July 16, 2018, 11:00:40 PM |
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6666
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d_eddie
Legendary
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Activity: 2716
Merit: 3827
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July 16, 2018, 11:11:04 PM |
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I went far from the WO thread to read that comment. I was scared out there. I found the post. Resurgencing topic again because same think is happening, price is rising and everbody is hoping that ti will fly to the moon, yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts. As this topic opened nearly nobody believed what i said only %10 of users seems supporting but it was obvious for me just like now. Manipulator is convincing people that price is rising with steep moves, free market can rise but not like this, free market should rise slowly , if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise. If you wonder how a giant rise come it simply come after volatilty ends and it took months to convince all investors to it will be historic , so dont expect too much thing from volatily.
I fundamentally agree with this view. We're still deep in some big player's games. There's this move away from Bart Simpsons into a slightly different pattern, but it's only apparent on shorter time frames. I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility. All strictly SOMA, it goes without saying.
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Torque
Legendary
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Activity: 3766
Merit: 5411
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July 16, 2018, 11:26:21 PM |
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Mic, what type of scooter? Vespa?
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JayJuanGee
Legendary
Online
Activity: 3934
Merit: 11342
Self-Custody is a right. Say no to"Non-custodial"
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July 16, 2018, 11:26:47 PM |
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I went far from the WO thread to read that comment. I was scared out there. I found the post. Resurgencing topic again because same think is happening, price is rising and everbody is hoping that ti will fly to the moon, yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts. As this topic opened nearly nobody believed what i said only %10 of users seems supporting but it was obvious for me just like now. Manipulator is convincing people that price is rising with steep moves, free market can rise but not like this, free market should rise slowly , if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise. If you wonder how a giant rise come it simply come after volatilty ends and it took months to convince all investors to it will be historic , so dont expect too much thing from volatily.
I fundamentally agree with this view. We're still deep in some big player's games. There's this move away from Bart Simpsons into a slightly different pattern, but it's only apparent on shorter time frames. I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility. All strictly SOMA, it goes without saying. I agree with an assessment that consolidation tends to be accompanied by decreasing volatility, but in the end, we cannot ever really know how long the consolidation period is going to last and at what point the price is going to be pushed out of the consolidation range - so in that sense nothing is inevitable in bitcoin whether we are talking about a need for a deep correction or some other suggested "needed" BTC price/performance path.
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JayJuanGee
Legendary
Online
Activity: 3934
Merit: 11342
Self-Custody is a right. Say no to"Non-custodial"
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July 16, 2018, 11:35:28 PM |
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Gratz on heroing, Hairy! I've missed the exact post - too much going on too fast here.
Thanks Eddie. I need to acknowledge Bones, Infofront and JJG for pushing me through the 500 merit barrier. Actually, I can only speak for myself, but when it comes to meriting posts such as yours, or d_eddie's and perhaps a few other WO regulars, I find it relatively easy to click on that merit button (and I gotta hold myself back so I don't run out) - because even though you deviate somewhat from the "buy on the way down and sell on the way up" preferred practice that I espouse, your explanation and even backing up of your theories and practices - seems to be quite a legitimate alternative approach that is both an attempt to tailor a system to your own needs, but also presented in a way that other readers of WO thread may be able to profit from your sharing of your thoughts. Yes, I understand that thoughts tend to be a moving target, and sometimes not easy to present some of the ideas while wading throgh the trolls without getting pissed off at folks who present differing views, especially in times of considerable BTC price movements - which also seem to be one of the most inevitable things in bitcoin...
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El duderino_
Legendary
Offline
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
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July 16, 2018, 11:45:05 PM |
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Mic, what type of scooter? Vespa? Yes Just rented on the Island.... Vespa gts 300 very very relax for island cruising When we are on holiday always renting a scooter or motocycles more easy than car or taxi .... never parking places -_- and with 2wheels Just always go and park Where you want stay 1h @ a place go to the next etc....
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ThePunisher49X
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July 16, 2018, 11:48:10 PM Last edit: July 17, 2018, 12:24:04 AM by ThePunisher49X |
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What to do when it is pamping like this? Wage cuckin' it? https://youtu.be/DMonlRsJ5hY Revision after 1 hour later: Nevermind, call connected.
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d_eddie
Legendary
Offline
Activity: 2716
Merit: 3827
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July 16, 2018, 11:48:38 PM |
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(quotes sprinkled with snippity snips) yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts.
if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise.
I fundamentally agree with this view. I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility. I agree with an assessment that consolidation tends to be accompanied by decreasing volatility, but in the end, we cannot ever really know how long the consolidation period is going to last and at what point the price is going to be pushed out of the consolidation range - so in that sense nothing is inevitable in bitcoin Indeeed. Eventually, everyone here will be sure we're moving into the last big correction. When that happens, the badger might find it appropriate to go off skyrocketing without giving a single fuck.
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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July 16, 2018, 11:50:06 PM Merited by BobLawblaw (1) |
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Now that I realize I can use lightning for shit posting, I may need to start my own node.
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Rosewater Foundation
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July 17, 2018, 12:10:51 AM |
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Now that I realize I can use lightning for shit posting, I may need to start my own node.
This might be the second funniest war in history.
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bitserve
Legendary
Offline
Activity: 1890
Merit: 1587
Self made HODLER ✓
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July 17, 2018, 12:13:46 AM |
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Now that I realize I can use lightning for shit posting, I may need to start my own node.
Someone could argue that lightning is not decentralized enough for true shitposting. On other news, it looks like order books are betting on UP.
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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July 17, 2018, 12:14:43 AM |
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stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<< yeah right... maybe I should cry instead of laughing? Certainly Searing is neither a basher, a short player nor a book talker. He does have a tendency to dwell on the possible negative outcomes, though. Even in the brightest and clearest of days, searing can manage to spot a cloud or two. Just looking for a bit 'more' news or such on why BTC is pumping now BESIDES the usual 'hedge' of some BTC IN CASE this SEC thingy..comes to pass in the next month. I have seen this before with other FAILED attempts at ETF's etc from SEC etc So is there some other reason(s) of MAJOR noteworthyness to counteract what I see as the main 'weight' on this price rise of BTC and/or pump? If so point it out....would like to see more balanced and more reasons than just this one instance...(again, seen this before with failed SEC ETF's etc...would be MORE comfortable with more action than just this upcoming event to base this on...) as to the cloud or two? do you blame me...we have current society issue (see Trump and Putin) that are boggling my mind..when I try to figure out this 'magical internet money' bitcoin on top of that .....well....always looking to cover my butt.... my current view is 'everything is a bubble' stock market/ maybe? crypto (hope acts as store of value and not) and such therefore have been thru 5 recessions ...trying to be a 'bit' proactive here....on all aspects and hodl as much crypto as possible but to say I'm weirded out by 'reality' and 'society' and 'current political climate' is an understatement....so just going with 'everyone is as clueless as I am...powerful or not' and staying out of debt and preparing for our next, IMHO, major recession... as to crypto..my 'optimistic bet' (i hear gasps) are....that it will act as a store of value (like gold) and not get as messed up as I expect my traditional investments will become....thus use BTC as my 'hedge' ... being a bit 'pessimistic' never hurt anyone...I especially should have 'heeded' such in 2017 (groan!) anyway, worse case I'm wrong, my ass is 'covered' stay out of debt and crypto hoard is more or less intact....best case I over-reacted..and then will be confused on all the moon/rainbows/unicorns/fairy dust/and gnomes in my future ... brad brad
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