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On 9/10/2021 at 5:18 PM, spideysensei said:

 

Curious. Do you know much else about ES? Where they stand with the NWO/reset agenda? I'm interested to know if it's being used as a test run nation for government crypto or they're genuinely for financial freedom. I suspect the former is more likely true. Their govt leaders wont last long if the latter.

 

I wouldn't have thought it was a test run - simply for the fact that doing it in BTC wouldn't be a test run - BTC very tricky to perform any type of transaction - unlike any Fed coin. 

 

For practical use coins like Dash are currently alongside the dollar the main currency in use day to day in Venezuela. That would be a more like for like comparison should any trial be being conducted. Besides I would even question the need for a test run........ because our money currently is digital - so swapping one digital currency for another much of muchness when we live now practically without notes or coins......

 

Doubt it's for the latter reason either to help people obtain financial freedom. I suspect inflation, terrible economy and trying to tap into the crypto market by making it a crypto friendly nation are the primary drivers.

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Golden cross in the next day or two in the BTC chart - past 6 crosses led to significant steps up - need a good move from this one hopefully break the 50k mark. 

 

Avalanche ecosystem looks like it's about to blow up Solana style.....

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There is this guy with OCD....who bought 1 coin and received 1.000001 coin.

He is very bothered about it. I'm cracking up though rather sympathetic.

So if you suffer from OCD, crypto will drive you mad. 🤣

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Bluesky, a decentralised social media network project funded by Twitter, will be led by startup founder and cryptocurrency developer Jay Graber, the company said on Monday.

 

Ms Graber, who worked on Zcash – a cryptocurrency created by the Electric Coin Company – shared the news on Twitter: “I’m excited to announce that I’ll be leading Bluesky, an initiative started by Twitter to decentralise social media.”

 

https://www.independent.co.uk/life-style/gadgets-and-tech/twitter-bluesky-cryptocurrency-jay-graber-b1903716.html

 

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48 minutes ago, Mr H said:

Golden cross confirmed on the daily chart. Let's see if this thing starts to move again!

 

I don't use crosses myself, although when there is one (bullish), there is invariably a short term pull back before kicking on!

 

 A cross is really just an indication that price is moving in a direction, and you don't need a moving average to tell you that. They are inevitable as price moves. Still, if that gives buyers more confidence to get in then so be it.

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7 hours ago, spideysensei said:

 

I don't use crosses myself, although when there is one (bullish), there is invariably a short term pull back before kicking on!

 

 A cross is really just an indication that price is moving in a direction, and you don't need a moving average to tell you that. They are inevitable as price moves. Still, if that gives buyers more confidence to get in then so be it.

Have you ever done any charting with the lunar cycles? I know some people are really big into that. Haven't played with it yet myself....

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2 hours ago, Mr H said:

Have you ever done any charting with the lunar cycles? I know some people are really big into that. Haven't played with it yet myself....

 

I haven't, but it sounds pretty cool (if there's anything to it). The astrology of trading perhaps.

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2 hours ago, spideysensei said:

 

I haven't, but it sounds pretty cool (if there's anything to it). The astrology of trading perhaps.

 

Yes I need to look into it more myself - I think the theory is the moon effects people's emotions and emotion is the primary driver of the market.

 

Some charts on it I was looking at to start me off

 

https://www.tradingview.com/ideas/moonphases/

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11 minutes ago, Mr H said:

Yes I need to look into it more myself - I think the theory is the moon effects people's emotions and emotion is the primary driver of the market.

 

Some charts on it I was looking at to start me off

 

https://www.tradingview.com/ideas/moonphases/

 

Neat! You're right about emotion driving the market. I was thinking a little self-fulfilling prophecy also, but i guess that means enough people have to know about it. Perhaps this is how whales trade, lol.

 

So judging by our moondicator it's looking like a sell around October 6th. I'll predict ~60k by then, where we've got a chunk of old resistance to contend with.

 

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Interesting, so could be a small dip around that time. Will have to check the charts at the time.

 

Yes that's what I like about markets when you think about it emotion is the only driver, it is a direct reflection of the reptilian brain, act our of fear or out of greed. And if you can transcend the reptilian brain you may do quite well - just like in normal life......

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2 hours ago, Mr H said:

Interesting, so could be a small dip around that time. Will have to check the charts at the time.

 

Yes that's what I like about markets when you think about it emotion is the only driver, it is a direct reflection of the reptilian brain, act our of fear or out of greed. And if you can transcend the reptilian brain you may do quite well - just like in normal life......

 

Yeah taking the emotion out of it is key, that's why i don't day trade (forex or crypto) any longer as i found it too stressful. These days i'm way more hands off, take a bit of profit now and then, buy back at decent prices, no stress. Leaves me more time for meditation and exercise.

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Yeah looking pretty negative in the charts at the weekend anyways, so I did sell 10% and put in some real stinky bids. All been filled today, except my Solana ones which were ridiculously low! 

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Question is where are the support levels. I'd argue we're practically here already. Maybe we'll see a dip further to 41k - looking left we've hit that before (18th Feb), so it's fresh, and buy orders may be present here. It'll also coincide with a flipping of old resistance (see high of 8th Jan/15th June) to new support.

 

We've formed a downward channel, possibly bull flag, the lower end of which would be 39k. Incidentally 39k would be the 0.5 fib target of recent daily low to high. Buyers love a 50% retrace (even though technically it's not a real Fib number).

 

Let's see if we can build a base over the next couple of days to fulfil the full moon pump.

Edited by spideysensei
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Yeah I had 38/39 as support. Think it already touched there during the night. Lets see if it breaks... looks like on the fundamental side a lot more fud and noise for the rest of September......

Edited by Mr H
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2 hours ago, Mr H said:

Yeah I had 38/39 as support. Think it already touched there during the night. Lets see if it breaks... looks like on the fundamental side a lot more fud and noise for the rest of September......

 

Yep, blink and you'd have missed it. Price came so close to the 0.5 fib that it basically counts as a hit IMO. Traders know that buy orders will be present here, so probably raised their orders to just above it. Given the volume that came in, i'm reasonably confident it was the bottom, but i wouldn't altogether discount a liquidity chasing dump that takes out that low, and fires straight back up again.

 

I'm not too concerned unless we start closing below the 21 weekly EMA. That spells out a trip to 20k and a bearish year ahead.

Edited by spideysensei
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Looking at the 4 hour here, a pretty savage 10% drop this afternoon.  So far its seen a reaction from the 0.786 fib of the last low to yesterday's high, and if it can hold here there's the argument for making a higher low, and a last chance to buy at these levels. Check the price action on the 4 hour over the coming day, maybe 1 hour sometimes.

 

The more bearish scenario is that selling is (obviously) not done yet, and it drops to the 1.272 area, which coincides with a support level and the bottom of the channel from where it is, price target 37-38k. This might create some bullish divergence on the oscillators, giving more of a reason to buy. This scenario makes more sense to me.

 

966207569_btc24-9-21.jpg.63aca7029a8e39bcdb1452740b0810ec.jpg

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1 hour ago, HAARPING_On said:

China declares all cryptocurrency transactions illegal... bitcoin hit?

 

It lines up technically also. First hit of the 21 daily ema after a drop, turning (temporarily) old support into new resistance, and coming off a 0.618 fib area. A backtest of the spring (21/9), assuming it bottomed there is a healthy market move. I'm still bullish (as long as we stay above the 21 weekly), which unfortunately might not mean much if our gov follow suit with China.

Edited by spideysensei
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6 hours ago, HAARPING_On said:

China declares all cryptocurrency transactions illegal... bitcoin hit?

https://www.bbc.co.uk/news/technology-58678907

 

That's a regular repeated story fed to the public to drive down price from institutions (so they can get entry for their clients). China have banned crypto about 20 times now...... would ignore if you are in the market.....

Edited by Mr H
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