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narco

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Everything posted by narco

  1. That's almost a $3,000 pin bar. Nothing compared to the tiddler from a few weeks ago. This kind of candle is what signals the end of a bull market. This is not going to be a consolidation before moving higher. This dead cat went way higher than I imagined it would. Just think of all the idiots who piled in who have no idea about market cycles. The kind of market cycle that takes silver in 1980 from $49 down to $2 over a 20 year prolonged bear.
  2. Hate to burst your bubble but this turkey has topped. Massive shooting star on the weekly, in supply, with volume, RSI over 70. Tried to warn you guys this dead cat was complete hot air. Now for the long grind down to sub $1,300. Even when it gets there, it's going to be flat-lined down there for a long time.
  3. Absolutely sticking with it. This is a suckers rally that is going to destroy anyone who is FOMO'ing in at these prices. Those buying this bubble at $10k plus are going to be crushed once it drops below $1,300 over the next couple of years. Feel free to keep posting these updates and we'll see over the next 12 - 18 months.
  4. You can keep pumping this turd much as you like. It's 's going to spend many years finding a bottom just as every single other bubble in history. You'll know when Bitcoin hit rock bottom when there's been zero activity in this thread for months. That price will be at least $1,200 and potentially a capitulation toward $300.
  5. Well let's hope you feel just as comforted when it's down at sub $1,300.
  6. Looks like this turd is printing a shooting star on the weekly ready for the final flush. Now at $7200. Anyone buying the 'dip' ?
  7. Feel free to print it out, frame it and stick it above your fireplace.
  8. The top is extremely close. Finally XRP popped to suck in another bunch of clueless punters. It's going to take at least 3 - 5 years to shake off all the excesses of 2017 and carve out a legit bottom. People are going to just have to learn the hard lessons on this one.
  9. Put some effort into what? Showing some zigzag prediction of hope? The chart I posted showed the following: 1) Zero evidence BTC reached any level of support / demand plus clear evidence that $1,200 is the only level of support. Can you show any support level above $1,200 on the monthly chart? Nope, because it doesn't exist. 2) Monthly RSI - Not even close to being oversold. 3) Monthly MACD - Not even close to being oversold. I have been trading for over 8 years. I trade liquid markets (primarily major currencies, gold, and stock Indices). I wouldn't touch BTC with a barge-pole due to the spreads and the fact it is traded in unregulated markets on sketchy exchanges.
  10. I'm guessing you've not got much experience reading a candlestick price chart?
  11. The evidence is pretty compelling we're heading for $1200. Anyone suggesting this is going to $200,000 in 2 years needs to put down the crack pipe.
  12. A quick glance at a monthly chart is clear it never even reached oversold levels. This bounce is nothing but a short squeeze in a downtrend. The low is written on the charts at $1,200.
  13. We're extremely close to a multi year top and may have just seen the blow off today. I hope nobody FOMO'd into this dead cat.
  14. No support perhaps? $1,200 is a no brainer looking at the monthly, with $314 the next level below that in a multi year bear, perhaps a decade. The best level of untested BTC support on this chart is $16.89
  15. Educate me with what? Some garbage tweets where Ripple "has confidence" these institutions will be using xRapid. Once again, no bank will ever allow client funds to be washed through multiple unregulated exchanges. It's such a massive ponzi this one which will end in tears once the regulators come gunning for them.
  16. I totally get xRapid and XRP as explained clearly by Ripple themselves. Have you figured out the multiple fatal holes in this system? No bank is ever going to let client funds be bundled through two shady unregulated exchanges. XRP is a total smokescreen purely designed to line the pockets of Ripple Corp.
  17. It will be a great time to buy if it gets to $320 but the next 2017 style run is probably 8-12 years away. A bubble of this size is going to take a long time to unwind and will need a whole new generation of punters. What is amazing to see if that some people have no clue the bull market is over. You still see these idiots on YouTube, Reddit etc still shilling and pumping this thing. The monthly BTC chart is Gold of 1980. I bet people were still pumping gold in 1981/1982 and that took almost 30 years to take out that high.
  18. BTC holders better pray that $1,200 holds as the next support below that is $320. The charts suggest this is where price is heading and people need to be prepared for it.
  19. Unfortunately you're holding a centralised fraud token. There is zero evidence any bank is using or planning to use XRP. I posted evidence a few pages back as to why XRP as a payment system is an almighty epic fail. It's a scam and you're basically propping up a ponzi scheme by promoting this token. As for tech, XLM is the same but decentralised and not a security.
  20. You can do the same for zero cost and half the speed with Nano. XRP is a fraud and a turd. Not only a centralised ponzi where Ripple Corp own 60% of supply, there's other crap such as you need a 20 token lockup for every wallet. It's also a clear cut security so will end up being banned and delisted from exchanges.
  21. It's the lack of innovation that takes the piss with these coins. They're all nothing more than a cash grab with zero effort involved. These Bitcoin forks are the worst since they are a straight cut and paste job. These fraudsters don't even have any hassle of doing any distribution either since they just gift them to existing holders. What a farce.
  22. Anyone notice Bitcoin SV has now planted itself on the market cap? So now we have: Bitcoin, Bitcoin Cash, Bitcoin SV, Bitcoin Gold, Bitcoin Diamond and Bitcoin Private, plus the 100's of cut and paste replicas such as Litecoin, Dash, Zcash, Dogecoin. No wonder the crypto market has turned into a complete joke. 🙄
  23. Here's a prime example of how bad Ripple's XRapid actually is, straight from Ripple's youtube channel. XRP is purchased on a shady exchange (BITTREX) with USD and then transferred to an even worse exchange (BITSO) and then converted out into the destination currency. https://www.youtube.com/watch?v=zCzMg5_9Nng Can someone explain what the value proposition is here? 😂
  24. The big question is whether $1,200 is going to hold. That was the 2013 spike high and the final level of support. If it doesn't hold then it's likely the entire crypto market is going to go through many years of sideways action, if not a decade to begin a new bull run.
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