Hhampuz
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Meh.
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June 17, 2021, 05:59:56 PM |
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Imagine if you sold in March 2020
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ChartBuddy
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Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 17, 2021, 06:01:36 PM |
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Hueristic
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Activity: 3976
Merit: 5410
Doomed to see the future and unable to prevent it
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June 17, 2021, 06:04:35 PM |
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Yeah, if CB is annoying you just ignore it. Easy enough.
(And hi to future generations. Yes, KNC titans are still fucking profitable which is a wonder of the world)
I like it and have it on ignore and just look at it when I want the latest info. Some people just like to complain and sometimes it works as the vocal minority gets its way alot in this world. Unfortunately for them we are not so manipulated here.
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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June 17, 2021, 06:15:51 PM Last edit: June 17, 2021, 06:41:37 PM by Gyrsur |
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it is always the same. don't get fooled by the smarter ones. Wyckoff Price CycleAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown. EDIT: OK, I understand the issue that someone can claim at: my posts are always from an investor view and not from a (day) trader view. that means I take a look around the 4 hours chart. if you go as a day trader than Wyckoff will also work and we are in a markdown on a 5 minutes chart (e.g.) with an accumulation phase to follow.
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ivomm
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All good things to those who wait
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June 17, 2021, 06:21:47 PM |
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What now, why price go down yo?
Seems to always happen at the same time of day. I’m kinda clucking for a breakout to the upside man. Price very underwhelming atm, hope we see some uppity soon. This is starting to look like the 10K battle last year, which was pretty long and annoying. I think that the problem is in Binance. This is the leading exchange with the highest volume and high frequency trading. They also have derivate products, which adds pressure on the price too. This is the only exchange which doesn't have a sharp decline of its bitcoin reserve in the last year. But the pattern is very different than in the last year. Now, we can see clearly how for 12+ consequtive hours we have red candles, then 12+ hours green and so on. So either more people are online at the same hours each day taking profits or stop losses during the red hours, or a whale who has 10K+ coins is manipulating the price by squeezing the high leverage longs on all derivate exchanges. I think that the probability for the latter case is higher, since the total loss for the spot exchange trend followers, doing that dumping, will be close to 100%. In either case some good news or a whale buyer can destroy in a week this pattern by 1-2 massive short squeezes. Clearly the current price is 2-3 times below the fair price. So this gambling can't last much longer. Therefore, we need patience, as always. The FOMO bull run hasn't even started yet, the last 65K ATH was just a warm-up.
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Dabs
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The Concierge of Crypto
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June 17, 2021, 06:36:07 PM |
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Therefore, we need patience, as always. The FOMO bull run hasn't even started yet, the last 65K ATH was just a warm-up.
We need patience, now! Oh, so if 65k is warm-up, what's the ... not-warm-up, maybe 10x of that? 650k. Awesome!
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Paashaas
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June 17, 2021, 06:36:25 PM |
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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June 17, 2021, 06:56:24 PM |
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if it turns at the second HL everything will be fine thanks to Wyckoff. L-H-HL-HH- HLWhats that last target point? you mean the price of it? EDIT: it's (one of serveral) LPS points.
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cAPSLOCK
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Maybe the Mars is the future!
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June 17, 2021, 06:59:10 PM |
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Imagine if you sold in March 2020
I bought. So someone sold, yes.
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Hueristic
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Doomed to see the future and unable to prevent it
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June 17, 2021, 07:00:21 PM |
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you mean the price of it?
For some reason I got a low res shot and couldn't read it when zoomed but now on refresh it has cleared up. Looks like $37,100?
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 17, 2021, 07:01:26 PM |
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Gyrsur
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June 17, 2021, 07:28:55 PM |
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you mean the price of it?
For some reason I got a low res shot and couldn't read it when zoomed but now on refresh it has cleared up. Looks like $37,100? if you are an investor it doesn't matter. if you are a (day) trader it does matter but that is the problem of that type of forecast you can find on Tradingview and everywhere. reliable you cannot predict the future if the price will hold at this line or at the other line. there are just probabilities. first I drew an easy Trendline and it appeared that line was to low. therefore I drew Fibonacci Fan lines because it appeared that this lines will fit better. https://bitcointalk.org/index.php?topic=178336.msg57251705#msg57251705now I'm thinking my first easy Trendline was the better choice and I was just to impatient. but who knows? maybe we will halt on the last Fibonacci Fan line or below. Orderbook (Limit orders) and Time&Sales book (Market orders) will tell. important is that this Higher Low will be not appear below the last Higher Low because than the formation is not valid anymore. https://bitcointalk.org/index.php?topic=178336.msg57254651#msg57254651
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proudhon
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June 17, 2021, 07:29:46 PM |
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The crashening continues!
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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June 17, 2021, 07:55:35 PM |
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shut the f*ck up! if we need you to make a statement on the current situation you're always not available.
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ChartBuddy
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June 17, 2021, 08:01:25 PM |
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El duderino_
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BTC + Crossfit, living life.
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June 17, 2021, 08:09:08 PM |
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*El Duderino_ update
Belgium won
Price sucks Donkey c*ck
Good evening
Cheers
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JayJuanGee
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Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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June 17, 2021, 08:32:46 PM |
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Therefore, we need patience, as always. The FOMO bull run hasn't even started yet, the last 65K ATH was just a warm-up.
We need patience, now! Oh, so if 65k is warm-up, what's the ... not-warm-up, maybe 10x of that? 650k. Awesome! Perhaps measuring around 10x from the $30,066 correction would be more accurate than measuring 10x from the current $64,895 local top... #justthinkingoutloud. We know that bitcoin does have tendencies to overshoot, too.. so maybe $300k would not be a sufficient enough of an overshoot... perhaps? perhaps?
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 17, 2021, 09:01:37 PM |
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