El duderino_
Legendary
Offline
Activity: 2646
Merit: 12962
BTC + Crossfit, living life.
|
|
May 22, 2018, 10:44:39 AM |
|
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2646
Merit: 12962
BTC + Crossfit, living life.
|
|
May 22, 2018, 10:47:11 AM |
|
this was only on a few buck's up moment
|
|
|
|
bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
|
|
May 22, 2018, 11:23:37 AM |
|
The more I learn about TA the more I think it's all bullshit and not much different than astrology.
I don't think you really appreciate the power of TA. The simplest daily 50/200 MA Golden Cross would have told you to start buying bitcoin at $415 and hold. When the 3 day RSI hit an unprecedented 92.99 price was over $16,000 and was a clear signal to start selling. If you missed the top there was a dead cat bounce to $17,000 before the 50/200 Death Cross final exit signal occurred at $9300. Until daily 50 MA crosses above the 200 again we are in a bear market. Every bear market is different; this one might only last 6 months but a year is quite possible until sellers are done. Sure, there are some (macro?) signals like the golden/death cross that may have some higher change of predicting (or better yet confirming) a tendency... But many people keep trying to use TA to predict short term movements which end up having basically the same probability of being wrong than being right in their "prediction".
|
|
|
|
4rt3m
|
|
May 22, 2018, 11:32:14 AM Last edit: May 22, 2018, 12:06:10 PM by 4rt3m |
|
|
|
|
|
Phil_S
Legendary
Offline
Activity: 2107
Merit: 1531
We choose to go to the moon
|
|
May 22, 2018, 11:58:43 AM |
|
Big wall at 8200. We're going to dip under 8000, aren't we? Damn it.
|
|
|
|
fortune143
Member
Offline
Activity: 87
Merit: 13
favours the true
|
|
May 22, 2018, 12:12:34 PM |
|
Looks like we're heading due south at the mo, who's selling right now?
Those fools are selling up good then cos that 1d candle is getting longer and redder and longer.
|
|
|
|
starmman
Legendary
Offline
Activity: 1484
Merit: 1029
|
|
May 22, 2018, 01:04:32 PM |
|
nice link - I wonder what is causing the selling today? Time to check the news
|
|
|
|
Globb0
Legendary
Offline
Activity: 2688
Merit: 2053
Free spirit
|
|
May 22, 2018, 01:04:56 PM |
|
Increasing, as in lower than last week. Right.
|
|
|
|
|
Torque
Legendary
Offline
Activity: 3696
Merit: 5276
|
|
May 22, 2018, 01:42:30 PM Last edit: May 23, 2018, 02:30:38 AM by Torque |
|
What's this credit cycle referred to in the image?
edit: i found it. supposed to be total industrial credit and loans as a percentage of US GDP.
...is this chart suggesting we're about to hit another recession, when, in the opinion of most of my friends we never recovered from the last one? oh joy.
mind you, "we" basically means "me" in this case, as in the friend or friends in question were in a better place financially before the 2008 housing bubble and have yet to return to solid footing. heck, i sure was.
Overall, it looks quite bullish (see blue line): Zoom out. There is a crash coming that goes well below the bottom of that chart. The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands of Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game. Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He is now swimming in personal debt and barely able to service it, and now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game, and he's broke and has no money. Any extra money he might have would probably go to Bitcoin and PMs, not stock shares. Hell, I know guys that are now talking about completely liquidating their 401ks and never contributing to them again. So now Wall Street is REALLY fucked. They've lost the mind share of the public that they needed to continue their fraud game. That's why they are trotting out people like Buffett, Gates, and Munger to "reassure" everyone that the stock market is still the best way to go, and is still safe. "Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, I'm a complete fucking idiot that deserves my fate."
|
|
|
|
STT
Legendary
Offline
Activity: 4046
Merit: 1447
Catalog Websites
|
|
May 22, 2018, 02:03:11 PM |
|
Its not bullish till it holds that blue line, a break would also illustrate a harder selloff then normal. The trend just shows a point of significance not that it must bounce at that point. Anyhow before that time we have the credit contraction and tumble in pricing. That seems quite likely to happen with Federal reserve no longer operating QE, some small raising of rates and if they actually stop renewing the debt they buy and just return it to market then that raises market rates quite I think. FED was the largest buyer by far in this last decade, larger then China or Japan which holds 1 tn of US treasurys. If they arent buying and even selling, its a tide change that possibly alters the price of everything that dollar touches. Japan I dont see as a solid pair of hands btw, how long can they justify holding a depreciating asset while also being greatly or even greater debt themselves I dont understand how that is justified except via politics. You should considering buying more Bitcoin before doom happens.
Does Bitcoin gain during a credit contraction. In 2008 it was said Dollar would suffer but its value spiked quite heavily and that'd likely be inverse to Bitcoin then I think. To see a rise in BTC I think we'd need to see USD index, DXY falling or continuing to fall. Theres alot of uncertainty if that will happen but lower dollar also means higher oil price, USA does have alot more production now which is good but its also the largest consumer so higher pricing places a further burden on the economy. I see the Bitcoin price wavering sideways after breaking out of a downtrend. In terms of trending I think it needs to break out of a range to move especially short term.
|
|
|
|
Torque
Legendary
Offline
Activity: 3696
Merit: 5276
|
|
May 22, 2018, 02:07:14 PM |
|
You should considering buying more Bitcoin before doom happens.
Does Bitcoin gain during a credit contraction. In 2008 it was said Dollar would suffer but its value spiked quite heavily and that'd likely be inverse to Bitcoin then I think. To see a rise in BTC I think we'd need to see USD index, DXY falling or continuing to fall. Theres alot of uncertainty if that will happen but lower dollar also means higher oil price, USA does have alot more production now which is good but its also the largest consumer so higher pricing places a further burden on the economy. Bitcoin might fall some initially along with stocks. But if they fire up massive QE again and go back to ZIRP, Bitcoin will then probably go on the craziest bull run we've seen yet.
|
|
|
|
4rt3m
|
|
May 22, 2018, 02:07:44 PM Last edit: May 22, 2018, 02:24:03 PM by 4rt3m |
|
18 may is Pizza Bitcoin Day, in 2010 laszlo posted an offer to purchase 2 pizzas for 10,000 BTC. https://bitcointalk.org/index.php?topic=137.0In memory of this story, Ledger released Pizza Bitcoin Day version of their wallet Ledger Nano S. Limited to 1337. Price is 119 Euro. Packaging on point.
|
|
|
|
4rt3m
|
|
May 22, 2018, 02:15:22 PM |
|
Increasing, as in lower than last week. Right. You didn't understand how this scale works, right?
|
|
|
|
jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
May 22, 2018, 02:43:11 PM |
|
The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game.
Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He ... now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game,
If your second quoted paragraph be true, Torque, that would be cause for hope for the future. But what evidence supports this assertion?
|
|
|
|
Torque
Legendary
Offline
Activity: 3696
Merit: 5276
|
|
May 22, 2018, 02:46:26 PM Last edit: May 22, 2018, 03:58:51 PM by Torque |
|
The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game.
Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He ... now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game,
If your second quoted paragraph be true, Torque, that would be cause for hope for the future. But what evidence supports this assertion?If Average Joe was buying up stocks at retail left and right at this time, then U.S. corporations would have zero need for a huge tax cut/repatriation to massively buy back their own stock shares. But they desperately needed it to kick the can down the road. It's the only thing keeping the stock market propped up right now and it's all fake. http://www.businessinsider.com/tax-cuts-unintended-effect-on-company-spending-shows-economic-risk-2018-5They'll keep buying back their own stock shares until one of two things happen: 1. Economy recovers and Average Joe retailer comes roaring back into the stock market (ain't gonna happen) 2. Rising inflation forces the Fed to raise interest rates (definitely going to happen, it's happening now) They keep trying to bait Average Joe back into the markets, but it ain't working: http://www.businessinsider.com/stock-market-recommendation-goldman-sachs-says-biggest-worry-overblown-2018-5
|
|
|
|
4rt3m
|
|
May 22, 2018, 03:03:38 PM |
|
I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless.
If I wouldn’t have one, I’d definitely wait for 28th May and buy limited edition one. Especially for collection.
|
|
|
|
sirazimuth
Legendary
Offline
Activity: 3500
Merit: 3582
born once atheist
|
|
May 22, 2018, 03:16:34 PM |
|
"Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, I'm a complete fucking idiot that deserves my fate." Or as Dubya would famously put it.... https://www.youtube.com/watch?v=KjmjqlOPd6A
|
|
|
|
sirazimuth
Legendary
Offline
Activity: 3500
Merit: 3582
born once atheist
|
|
May 22, 2018, 03:25:27 PM |
|
18 may is Pizza Bitcoin Day, in 2010 laszlo posted an offer to purchase 2 pizzas for 10,000 BTC. https://bitcointalk.org/index.php?topic=137.0In memory of this story, Ledger released Pizza Bitcoin Day version of their wallet Ledger Nano S. Limited to 1337. Price is 119 Euro. Packaging on point. I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless. But does it support Bitcoin Pizza?
|
|
|
|
Globb0
Legendary
Offline
Activity: 2688
Merit: 2053
Free spirit
|
|
May 22, 2018, 03:56:54 PM |
|
Perhaps they should have charged 10,000$ for it though
|
|
|
|
|