narco Posted May 12, 2019 Share Posted May 12, 2019 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. Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted May 12, 2019 Share Posted May 12, 2019 6 minutes ago, narco said: 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. Love your posts. Wrong so often. I still think there could be one last low for even misery guts like you to buy in. Quote Link to comment Share on other sites More sharing options...
narco Posted May 12, 2019 Share Posted May 12, 2019 Just now, dragging boot straps said: Love your posts. Wrong so often. I still think there could be one last low for even misery guts like you to buy in. 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. Quote Link to comment Share on other sites More sharing options...
Jonesy74 Posted May 12, 2019 Share Posted May 12, 2019 41 minutes ago, narco said: 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. I really hope you’re right. I didn’t buy enough in the $3k’s Quote Link to comment Share on other sites More sharing options...
narco Posted May 12, 2019 Share Posted May 12, 2019 (edited) 15 minutes ago, dannyf said: I really hope you’re right. I didn’t buy enough in the $3k’s 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. Edited May 12, 2019 by narco Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted May 12, 2019 Share Posted May 12, 2019 27 minutes ago, narco said: 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. I'm not compelled by your evidence. Quote Link to comment Share on other sites More sharing options...
narco Posted May 12, 2019 Share Posted May 12, 2019 (edited) 4 minutes ago, dragging boot straps said: I'm not compelled by your evidence. I'm guessing you've not got much experience reading a candlestick price chart? Edited May 12, 2019 by narco Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted May 12, 2019 Share Posted May 12, 2019 Just now, narco said: Explain why. The quality of evidence is very poor. Very half hearted chart with a weirdly half empty chart. Here is someone who has put some effort in... points the opposite direction to you incidentally. Quote Link to comment Share on other sites More sharing options...
JawKnee Posted May 12, 2019 Share Posted May 12, 2019 3 minutes ago, narco said: I'm guessing you've not got much experienced reading a candlestick price chart? I'm guessing you're sure sure of your prediction you've massively shorted XBT.... Quote Link to comment Share on other sites More sharing options...
longgone Posted May 12, 2019 Share Posted May 12, 2019 8 hours ago, dugsbody said: What is this "cashing out". How do you "cash out" of cash? its gold v2 never forget that. the paper losses in 2022 will be epic when it goes to 200k then back down 500 bucks. nay worry it will be 500k in 2025 Quote Link to comment Share on other sites More sharing options...
narco Posted May 12, 2019 Share Posted May 12, 2019 1 hour ago, dragging boot straps said: The quality of evidence is very poor. Very half hearted chart with a weirdly half empty chart. Here is someone who has put some effort in... points the opposite direction to you incidentally. 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. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 12, 2019 Share Posted May 12, 2019 https://www.coindesk.com/hackers-are-shuffling-binances-stolen-bitcoin LOL bitcoin chop shop. Quote Link to comment Share on other sites More sharing options...
markyh Posted May 12, 2019 Share Posted May 12, 2019 2 hours ago, narco said: 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. To work TA and charts need lots of humans making similar readings and reacting to what is interpreted. We will never see $1200 again because, we’ll, only you can see it. Everyone else is seeing support at $6800 now. Lol. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 12, 2019 Share Posted May 12, 2019 5 hours ago, narco said: 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. A monthly chart with a clear up trend, then a big red line saying sell sell its resistance. Why not log onto bitmex and open a big short? Quote Link to comment Share on other sites More sharing options...
dugsbody Posted May 13, 2019 Share Posted May 13, 2019 11 hours ago, longgone said: its gold v2 never forget that. the paper losses in 2022 will be epic when it goes to 200k then back down 500 bucks. nay worry it will be 500k in 2025 Think of the amount of fiat that needs to enter the bitcoin ecosystem daily to sustain those prices. Quote Link to comment Share on other sites More sharing options...
Huggy Posted May 13, 2019 Share Posted May 13, 2019 12 hours ago, longgone said: its gold v2 never forget that. the paper losses in 2022 will be epic when it goes to 200k then back down 500 bucks. nay worry it will be 500k in 2025 That would be amazing as the paper (an then real) gains per coin just before that scenario would be slightly more epic (by £250 each). £200k, or slightly below, will be when I sell and 500 quid will be when I buy back. I hope you have bought some to take advantage of this. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 13, 2019 Share Posted May 13, 2019 2 hours ago, dugsbody said: Think of the amount of fiat that needs to enter the bitcoin ecosystem daily to sustain those prices. indeed total banking collapse (never going to happen) or media hype commissioned by (sataoshi himself) aka bankers holding BTC stores. I like how they chuck out a few charts and yank the price up buying and selling to each other to generate a interest. i suppose an air of credibility can be created in the ether of movement. Quote Link to comment Share on other sites More sharing options...
UberMonkeySmallAndChunky Posted May 13, 2019 Share Posted May 13, 2019 13 hours ago, narco said: 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. You missed some of the easiest trades of your life over the last 8 years due to your bias, congrats. Quote Link to comment Share on other sites More sharing options...
UberMonkeySmallAndChunky Posted May 13, 2019 Share Posted May 13, 2019 15 hours ago, dragging boot straps said: The quality of evidence is very poor. Very half hearted chart with a weirdly half empty chart. Here is someone who has put some effort in... points the opposite direction to you incidentally. bob rules Quote Link to comment Share on other sites More sharing options...
Jonesy74 Posted May 13, 2019 Share Posted May 13, 2019 1 hour ago, Ghostly said: What do you do with your bitcoin when there is no internet? You keep it. You can still provide a transaction to someone you want to do business with and it can be broadcasted later (but this is not secure so not for large amounts). Do you expect that or think it’s likely? There are more and more connectivity options, from satellite to mesh networks. Quote Link to comment Share on other sites More sharing options...
markyh Posted May 13, 2019 Share Posted May 13, 2019 9 hours ago, UberMonkeySmallAndChunky said: You missed some of the easiest trades of your life over the last 8 years due to your bias, congrats. Bit harsh, he's probably made many huge 10%+ move trades over several months in the last 8 years, mind you we call that the 5 minute chart. ? Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 13, 2019 Share Posted May 13, 2019 10 hours ago, UberMonkeySmallAndChunky said: You missed some of the easiest trades of your life over the last 8 years due to your bias, congrats. Gone quiet, perhaps he went short? Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted May 13, 2019 Share Posted May 13, 2019 22 hours ago, markyh said: To work TA and charts need lots of humans making similar readings and reacting to what is interpreted. We will never see $1200 again because, we’ll, only you can see it. Everyone else is seeing support at $6800 now. Lol. Point me to one person, just one, who has got rich using TA Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 13, 2019 Share Posted May 13, 2019 8000 dollar btc. Quite a run from 3100. Dow crashed too. Something afoot? Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted May 13, 2019 Share Posted May 13, 2019 8 minutes ago, GreenDevil said: 8000 dollar btc. Quite a run from 3100. Dow crashed too. Something afoot? Hopefully the loss of faith in fiat currencies. Quote Link to comment Share on other sites More sharing options...
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