ChartBuddy
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April 24, 2024, 05:01:13 AM |
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JayJuanGee
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Edit: Similar to what Biodom and AlcoHodl pointed out... I don't give too many shits about the 200-DMA. (Daily) However, I do remain quite a bit obsessed with the 200-WMA. (Weekly) Think about it, the 200-DMA is the average BTC trade volume price for nearly 7 months, so that is a fairly short-term indicator, and the article describes it as a "long term indicator" which may well be true for traders, but fuck traders. hahahahahaha #nohomoSo yeah, the 200-WMA is tracing the 4-year BTC traded average BTC price, and so it is a much longer period of time, and so far in bitcoin's history the 200-WMA has ONLY been trending up (and so it is continuously making ATHs), and from my perspective, it is both important for long term holding and for valuating your BTC stash, which also might help you in terms of managing your BTC stash, too.. I do get a tiny bit excited about the 100-WMA, but still not as excited as I do about the 200-WMA, since the 100-WMA is an indicator that is based on 2-year weighted price averages rather than so many advantages that come from the 200-WMA since it is over a whole 4 year BTC cycle... so yeah, those shorter indicators are of lesser interest to me, even though sometimes I might glance at some of them, but I don't really care too much about them since any kind of strategies that I attempt are mostly either completely neutral to indicators, which would be the employment of raking practices, or they revolve around the 200-WMA, which I have been working on honing some of those ideas through my discussion of sustainable withdrawal ideas and/or discussions around fuck you status.
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goldkingcoiner
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Verified Bitcoin Hodler
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April 24, 2024, 05:52:29 AM |
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Good morning, WO!
Another day, another Dollar Bitcoin!
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ChartBuddy
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April 24, 2024, 06:01:15 AM |
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ChartBuddy
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April 24, 2024, 07:01:13 AM |
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ChartBuddy
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April 24, 2024, 08:01:14 AM |
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I_Anime
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In other words, there could be a point in your bitcoin journey that you have already considered that you have enough, or you have more than enough, and so at that point, you can project out various BTC prices and even consider yourself able to sell some of you bitcoin as the price goes up.. perhaps even something like around up to 10% for every 100% the BTC price goes up, which may well translate into selling up to 1% every 10% that it goes up. Yet you would be engaging in those sales and not necessarily expecting the BTC price to go back down so it is a kind of raking of profits (I talk about raking ideas in this post and other parts of the same thread), but no expectation that the BTC price goes back down, yet at the same time you have to have had reached a certain level of over accumulation in order to engage in such practices... and yeah those practices of raking can be compared with trading, but I don't consider them to be trading because they are not engaged in any attempts to predict price, but just sells as the price goes up and buys as the price goes down with little to no variation in the plan based on expectations about what the BTC price will do.. so the price is coming to you rather than trying to figure out where it might go. Yeah that's true , we can't go around thinking on how to take profit when we haven't gotten far or have enough Bitcoin stash for ourselves. Because thinking of withdrawal when one haven't gotten some nice quantities, will only cause he or she the potential of their holdings (in other word reducing the chances of making a better profit). There are some folks at there that sold their holdings when Bitcoin price was around the price range of $45k hoping to buy back when Bitcoin would dip to the price range of $30k , but at the end bitcoin did the opposite by rising to the price range of $73k creating a new ATH. Some of those folks may still be waiting for Bitcoin price to decrease before they would try to purchase some (which may not happen), while some couldn't wait anymore and buy when price has increased to the range of $50k-$60k due to FOMO. That's why is better to take some certain percentage of your holding as profit than selling all yah holdings with the aim of buying back when there's decrease in prices, when one have already gotten to the point of having enough Bitcoin stashed. I believe most of us that are haven't gotten far with our accumulation, would have messed up with our holdings by now but due to the guardians from other users like sir JJG, our holdings and accummulating have been moving smoothly. Of course that is largely the correct conclusion, and I may well be mostly just quibbling with your use of the term "never" when you were talking about trading.. .. yet of course, I am largely sympathetic to the idea of never trading for the more beginner folks who may well need up to a whole cycle to really start to build a decent stash, unless they are able to front-load their investment.. For most normies, it can tend to take more than 10 years before they have more than 1-2 years worth of income/expenses invested into anything whether bitcoin or anything else, so getting to a position of having enough to start to play around with skimming off the top or having enough might mean at least having some kind of minimum level of a few years worth of income already accumulated into their investment portfolio, whether bitcoin or otherwise Exactly, most beginners don't have proper knowledge about this space or trading , but still they have this mindset of wanting to get rich quick with trading, after seeing some individuals showcasing their winnings via social medias, which may trigger their urge in wanting to trade without knowing about the risk attached to it , because being a pro trader is all different thing (though they still make losses but still they understand the whole system of trading and how to manage risks). But Still is better to recommend holding and accumulating of Bitcoin for long-term to beginners than trading so that they won't endup getting themselves reckt or wasting reliable resources.
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ChartBuddy
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April 24, 2024, 09:01:16 AM |
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BitcoinBunny
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April 24, 2024, 09:24:41 AM |
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Someone left BTC on pause. Whoever has the remote, can you press play again, or fast forward if it comes to it? Thanks!
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ChartBuddy
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April 24, 2024, 10:01:14 AM |
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ChartBuddy
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April 24, 2024, 11:01:15 AM |
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BitcoinBunny
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April 24, 2024, 11:15:11 AM |
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One of the reasons I got so pissed off at that Civil War movie is that they painted "journalists" in such an objective and awesome light. On average they are loud mouthed imbeciles these days it seems to me. I only glance at articles and instantly spot mistakes, especially with money mistakes. Just look at the sheer stupidity in "news" articles these days. Apparently the dollar has lost 99.9% of its value overnight? US approves $95bn aid package for Ukraine and Israelhttps://uk.yahoo.com/news/senate-passes-ukraine-aid-deal-040200462.htmlUS officials said about $1bn (£802,000) worth of the aid could be on its way shortly, with the bulk following in the coming weeks.
A billion, a million, 802,000. What's the difference eh?
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ChartBuddy
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April 24, 2024, 12:01:19 PM |
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somac.
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Never selling
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April 24, 2024, 12:02:26 PM Last edit: April 24, 2024, 12:16:19 PM by somac. Merited by philipma1957 (1) |
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One of the reasons I got so pissed off at that Civil War movie is that they painted "journalists" in such an objective and awesome light. On average they are loud mouthed imbeciles these days it seems to me. I only glance at articles and instantly spot mistakes, especially with money mistakes. Just look at the sheer stupidity in "news" articles these days. Apparently the dollar has lost 99.9% of its value overnight? US approves $95bn aid package for Ukraine and Israelhttps://uk.yahoo.com/news/senate-passes-ukraine-aid-deal-040200462.htmlUS officials said about $1bn (£802,000) worth of the aid could be on its way shortly, with the bulk following in the coming weeks.
A billion, a million, 802,000. What's the difference eh? MSM Journalists are probably majority intelligence agency operatives these days. The CIA, NSA, etc have been infiltrating them for decades now. And the rest as you say are stupid. Independent journalists on the other hand can be very much the opposite.
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ChartBuddy
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April 24, 2024, 01:01:14 PM |
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Zeunerts
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April 24, 2024, 01:01:54 PM Merited by JayJuanGee (1) |
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Blackrocks ETF has now entered the top 10 for the longest inflow streak with its 70 days of inflows. The record is held by JPMorgan Equity Premium Income ETF (JEPI) at 160 days.
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ChartBuddy
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April 24, 2024, 02:01:14 PM |
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Tungbulu
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April 24, 2024, 02:03:40 PM |
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Edit: Similar to what Biodom and AlcoHodl pointed out... I don't give too many shits about the 200-DMA. (Daily) However, I do remain quite a bit obsessed with the 200-WMA. (Weekly) Think about it, the 200-DMA is the average BTC trade volume price for nearly 7 months, so that is a fairly short-term indicator, and the article describes it as a "long term indicator" which may well be true for traders, but fuck traders. hahahahahaha #nohomoSo yeah, the 200-WMA is tracing the 4-year BTC traded average BTC price, and so it is a much longer period of time, and so far in bitcoin's history the 200-WMA has ONLY been trending up (and so it is continuously making ATHs), and from my perspective, it is both important for long term holding and for valuating your BTC stash, which also might help you in terms of managing your BTC stash, too.. I couldn't agree more with you on your viewpoint about the 200-DMA as a short-term indicator and the article making it appear to be a long-term indicator would actually be a lot more relevant to a trader's viewpoint, not an investor. If you truly monitor and pay close attention The 200-WMA trend, you'll know that it has indeed been trending upward and breaking through current ATHs and making new ones continuously, which we can confidently consider to be a huge contribution to Bitcoin's long-term growth. Yeah, the 200-WMA has also proven to be extremely helpful when it comes to long-term holding as well as evaluation of one's Bitcoin stash because the ability to manage one's Bitcoin stash effectively would require a great deal of understanding of the market trends as well as the indicators and what other tool could do a better work than the 200-WMA in that regard? It has essentially been of help, especially to long-term investors and HODLers because of it's ability to smooth out the short-term price fluctuations, providing a more transparent and clearer picture of the overall trend. Investors who track the 200-WMA can be able to see the upward trajectory of Bitcoin's price over the years without putting much consideration to the short-term fluctuations.
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criptoevangelista
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In ₿ we trust
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April 24, 2024, 02:25:36 PM |
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70K today?
It would be really nice, but I think they will try to avoid the 75k shortsqueeze as much as they can
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