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1 hour ago, DaleP said:

 

When I woke up yesterday, it started to play in my head so I posted the video but watching the video again, I am flabbergasted. The more I look at the scenes, I reckon, this song is actually about stonks. Who would have thought? I reckon he bought at ATH. lol

 

Great post/idea! Notice too the woman that first comes in at about 1.30 who's doing what looks like hand signalling like you'd see on a trading floor.

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7 hours ago, spideysensei said:

 

Great post/idea! Notice too the woman that first comes in at about 1.30 who's doing what looks like hand signalling like you'd see on a trading floor.

 

I didn't think about that! I just brushed it off as sign language but yes they do do use sign language on the trading floor. Well spotted.

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2 hours ago, oddsnsods said:

 

BTC dropped about 3k in a few seconds last nightt

 

 

Thought you were going to mention that. I was even going to present it as a case study for why i don't trade, as it's a pretty classic; thankyou very much for your stops, i'll be on my way back up. Ha.  Heard about the binance glitch but i'm not on it so didn't affect me, and presumably wouldn't anyway because i don't set stops.

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1 hour ago, spideysensei said:

 

Thought you were going to mention that. I was even going to present it as a case study for why i don't trade, as it's a pretty classic; thankyou very much for your stops, i'll be on my way back up. Ha.  Heard about the binance glitch but i'm not on it so didn't affect me, and presumably wouldn't anyway because i don't set stops.

 

Agreed better to hold $130k December.

 

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1 hour ago, oddsnsods said:

 

Agreed better to hold $130k December.

 

 

Plausible. It'll need to break out of the channel it's been forming since July though. If you look at the Aug price action we could see something similar where it bounces off the top of the channel resistance, which could set back 100k by a bit. This is fine for alts though, while btc is doing this i'm staying in alts. A clear break up of this structure and i'll scale back into btc.

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28 minutes ago, spideysensei said:

 

Plausible. It'll need to break out of the channel it's been forming since July though. If you look at the Aug price action we could see something similar where it bounces off the top of the channel resistance, which could set back 100k by a bit. This is fine for alts though, while btc is doing this i'm staying in alts. A clear break up of this structure and i'll scale back into btc.

 

Doomer.

 

 

 

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  • 1 month later...
On 12/4/2021 at 5:38 AM, DaleP said:

Bloody hell....lol

 

I expected a weekend dip not a flash crash! Still, we've recovered a lot already depending on the coin. Don't know what's happening to my link, but it's dropped like a spud as has btc. Personally i want btc dominance fall further, then we should get a nice run on alts as btc price builds a base. 

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I think we all know what the opposition to Cryptocurrency is REALLY about. Environmentalists don't complain about all the electricity used to run their TVs and electric cars but Bitcion mining scares them. They say it's about the energy used but we all know it's really about the banking cabals.

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  • 4 weeks later...

So my 100k btc didn't materialise. Did i mention i'm a terrible trader already? On a positive note, it doesn't look like the market cycle is over, though it hasn't put in a new ATH yet to confirm that. I made a half joke here before about monthly bearish divergence. If that plays out then that is the end of this cycle.

 

So it could go up or down i reckon.
 

Lol.

 

Happy new year.

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  • 4 weeks later...

I hope you are right mate. Personally I don't think the real bear has even started yet. Depending on the Fed with their interest rate hikes and the war with Ukraine - I could well see one more bounce.

 

But short term I think crypto is in some serious trouble.

 

Because:

 

150,000 MT Gox coins agreed to be released to the market

The upcoming Tether and Binance scandals

The obscene amounts of money currently in coins with absolute no utility or in stupid animal Jpeg NFTs worth tens of thousands. These all will need to get flushed out of the system.

 

Once all this nonsense is flushed out, I think then we can go on another proper bull run. 

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What I am personally expecting to happen is, we get one more aggressive move up, initiated by the fed not raising rates by much. This will get everyone shouting "BTC to 200k again", then boom, that's when the bear will start.......the market likes to wreck as many people as much of the time.

 

I wait with my popcorn.....

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I also think that the real bear will see Bitcoin go as low as 13kish. Bitcoin cost of production is as low as 3k, but averages around 9k level. Commodities tend to oscilate around their COP levels, and it's also not to far away from the 78.6 fib retracement level. Will be the investment opportunity of a lifetime IMO.

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  • 2 weeks later...
On 10/29/2021 at 6:52 PM, oddsnsods said:

 

Doomer.

 

 

 

 

Lol this post never aged well.☺️

 

I changed my moonboy stance on trading of late & look at it from a conspiratorial 666 beast system perspective now with the 33 Mason Moloch 🦉 formation.

I always knew the idea of buying & selling making the market move, made no sense.

People call it bull/bear market & whale manipulation, they forget the liquidity provider.

Its all BULLocks basically forget everything you are taught ZEN kind of shit & quit being manipulated by the market maker.

 

Hidden in plain site.

 

 

 

 

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On 12/9/2021 at 1:45 PM, RichmondDaddy said:

I think we all know what the opposition to Cryptocurrency is REALLY about. Environmentalists don't complain about all the electricity used to run their TVs and electric cars but Bitcion mining scares them. They say it's about the energy used but we all know it's really about the banking cabals.

 

And not forgetting it takes more energy to mine real gold than crypto mining.... lol

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16 hours ago, DaleP said:

 

And not forgetting it takes more energy to mine real gold than crypto mining.... lol

Takes more energy to run the banking cartel system than BTC. They just chuck those stories out when they want the price to dip.

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