HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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September 02, 2018, 01:02:50 AM Last edit: September 02, 2018, 02:04:18 AM by HairyMaclairy |
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I like Christmas cards
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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September 02, 2018, 04:15:59 AM Last edit: September 02, 2018, 04:36:26 AM by HairyMaclairy Merited by bones261 (2), infofront (1) |
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Interesting battle about to happen. On the one hand we have the price touching the downtrend line and falling back. On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend. Which will prevail? I think the downtrend will prevail but it is not clear cut. If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken. However, breaking the downtrend brings us closer to a golden cross on the 30 week MA. Which would be an auspicious event and could signal the end of 2018 bear market. Except we had a golden cross in June 2014 which led to nothing. It took two more golden crosses in 2015 for us to finally stabilise and start the climb out. So following the 2014 pattern, I remain bearish but not without hope if we can break the down trend line in the next 4 days.
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windjc
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Activity: 2156
Merit: 1070
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September 02, 2018, 04:27:51 AM Merited by JayJuanGee (1) |
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Interesting battle about to happen. On the one hand we have the price touching the downtrend line and falling back. On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend. Which will prevail? I think the downtrend will prevail but it is not clear cut. If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken. In the unlikely event we break the downtrend, I would target $7,900 in the short term. Is LL, HL, LL, HL actually a downtrend? We have been exactly $300 lower than our lowest low in Feb. We are now in Sept.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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September 02, 2018, 04:40:59 AM |
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Our highs are clearly progressively lower. You could call it a descending wedge (and yes, we will eventually break upwards, but how long from now).
What would you call it?
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xhomerx10
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Activity: 4004
Merit: 8786
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September 02, 2018, 04:56:51 AM |
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Certified boor.
edit: I shouldn't talk... considering I have measured out my life with coffee spoons.
So how should I presume? I saw it on a poster.
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xhomerx10
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Activity: 4004
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September 02, 2018, 05:01:37 AM Last edit: September 02, 2018, 05:27:09 AM by xhomerx10 Merited by Gyrsur (2), El duderino_ (2), jojo69 (1), yefi (1) |
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Hey Mic, I think I see a refection in the wine glass... gonna try to enhance. edit: Wow! It's Thor! micgoossens is Thor! No wonder you're always fine-dining and concert-going! edit2: I'd best go to bed; I'm getting silly.
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Anon136
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Activity: 1722
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September 02, 2018, 05:10:56 AM |
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but how long from now
December at the latest if you draw the wedge out.
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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September 02, 2018, 07:50:56 AM Last edit: September 02, 2018, 08:31:07 AM by HairyMaclairy |
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Edit: update. The bulls rally for another surge at The Wall.
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serveria.com
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Activity: 2394
Merit: 1191
Privacy Servers. Since 2009.
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September 02, 2018, 08:46:09 AM |
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Hey Mic, I think I see a refection in the wine glass... gonna try to enhance. edit: Wow! It's Thor! micgoossens is Thor! No wonder you're always fine-dining and concert-going! edit2: I'd best go to bed; I'm getting silly. LMAO
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crypmike
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September 02, 2018, 08:49:35 AM |
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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September 02, 2018, 09:24:41 AM |
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I'm on the edge of my seat here and you mofos are all asleep
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crypmike
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September 02, 2018, 09:33:24 AM |
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Interesting observation even if the price goes up, suddenly the number of shorts has started to grow pretty fast (without any reason) Probably a market maker prepares something Be careful if you trade Ps: about this indicator
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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September 02, 2018, 09:43:32 AM |
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Not sure the scale on the chart but the shorts are expecting the bulls to fail at the wall.
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starmman
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Activity: 1484
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September 02, 2018, 09:50:28 AM |
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Interesting battle about to happen. On the one hand we have the price touching the downtrend line and falling back. On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend. Which will prevail? I think the downtrend will prevail but it is not clear cut. If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken. In the unlikely event we break the downtrend, I would target $7,900 in the short term. Is LL, HL, LL, HL actually a downtrend? We have been exactly $300 lower than our lowest low in Feb. We are now in Sept. Probably need a couple more oscillations until we break out of the pattern - but who knows in this game?
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elrippos friend
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 02, 2018, 09:51:58 AM |
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Yeeeaaaahhh, well, you should have bought some Dude. Yeeeeaaaahhhh man
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elrippos friend
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 02, 2018, 09:53:21 AM |
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Haha relax brother. In 5 years Bitcoin will blow your mind. Until then, eat, drink, shag and watch footy. Good things come to those who hodl.
"Good things come for boys who wait"
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elrippos friend
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 02, 2018, 09:56:57 AM |
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Bloomberg predicts crypto prices 2019 onward. -Stupid source. -Cardano is here to replace Ethereum... completely. Wait and see how that happens within just 2 years. -Even if Cardano somehow fails to do that, then there's no way that Ethereum will remain that low. There'll ALWAYS be one good smart-contract platform available with a very high value.Rankings IMO (by marketcap): No 1. Bitcoin No 2. Ethereum/Cardano (smart-contract) (ONLY ONE OF THESE WILL EVENTUALLY BE AT THIS RANK) No 3. Monero/ZCash (privacy) (ONLY ONE OF THESE WILL EVENTUALLY BE AT THIS RANK) No 4. Shitcoin No 5. Shitcoin . . . . No 10000. Shitcoin One word, Tari. Jopidopi, and zcash is not anonymous. You remember that darkmarket guy who hang himself in the police cell got caught after accepting zcash
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elrippos friend
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 02, 2018, 09:58:04 AM |
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... No 4. Shitcoin No 5. Shitcoin . . No 10000. Shitcoin
The 10 Shitcoin Commandments 1 Shitcoins can’t buy happiness. Or, in the long run, anything else. 2 There’s a shitcoin born every minute. 3 If you have to ask if your coin is a shitcoin, it’s a shitcoin. 4 A shitcoin saved is worthless. 5 A fool and his shitcoins are soon married. 6 If you can’t identify the shitcoin-holder in your first 30 minutes at the table, check your portfolio. 7 Better to remain unlaunched and be thought a shitcoin, than to launch and remove all doubt. 8 Only other people own shitcoins. 9 You can rail against shitcoins all day long and offend no one, as long as you don’t name a specific coin. 10 BCH is a shitcoin. Ben Davenport Freaking AMEN
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Last of the V8s
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Activity: 1652
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Be a bank
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September 02, 2018, 09:59:02 AM |
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"Zak": narrative - whale is margin 3.3x on finex shorting into his spot buying building a short position at these prices - he then dumps his spot and the price down to say 6k - he makes 3.3x more on the shorts than what he lost on spot = profit?
- other narratives are available, but wdyt of this one?
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elrippos friend
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 02, 2018, 09:59:20 AM |
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Getting drunk as i speak but the food and wines and drinks are outstanding.... For hairrywe hit evening as well and dinner getting served as we speak via Imgflip Meme Generatorvia Imgflip Meme Generator Gotta send my last Smerit as well cause the mind is on DRUNKset pump BTC puuuuuump Puuuuuuuuump THIS IS NOT FACEBOOK DUDE!!!
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