General Crypto Banter - Page 6 | General Non-related | TORN
General Crypto Banter
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 16:08:41 - 19/05/21 (6 months ago)
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    Lolol, tell me you saw him say "tesla has diamond hands" right around the same time you posted this?

    In my head im thinking "of course they do... they KNEW what was going to happen, because YOU caused the dip". Well find out on the Q2 earnings report that Tesla bought a shitload more BTC at an average buy price of around 37-42k per
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    Posted on 16:52:07 - 19/05/21 (6 months ago)
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    RedRocket_Aath [2200354]


    free image web hosting

    Blunt [2076337]

    Lolol, tell me you saw him say "tesla has diamond hands" right around the same time you posted this?

    In my head im thinking "of course they do... they KNEW what was going to happen, because YOU caused the dip". Well find out on the Q2 earnings report that Tesla bought a shitload more BTC at an average buy price of around 37-42k per
    didnt see him post anything at the time, ill have to check now lol
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    Posted on 17:41:30 - 19/05/21 (6 months ago)
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    RedRocket_Aath [2200354]


    free image web hosting

    Blunt [2076337]

    Lolol, tell me you saw him say "tesla has diamond hands" right around the same time you posted this?

    In my head im thinking "of course they do... they KNEW what was going to happen, because YOU caused the dip". Well find out on the Q2 earnings report that Tesla bought a shitload more BTC at an average buy price of around 37-42k per

    RedRocket_Aath [2200354]

    didnt see him post anything at the time, ill have to check now lol
    Best Elon tweet ive seen:

  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 17:58:50 - 19/05/21 (6 months ago)
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    angrysc0tsman12 [1099272]

    Big "F" in chat for everyone holding crypto.

    Blunt [2076337]

    Only if u sell in the red like a chump lol.

    Big buying opportunity for everyone in crypto. VET half off, ADA droppedd like .70, CAKE... basically everything is at LEAST 25% off rn. Hell, ETH under 3k?! BNB under 400$?! 38K btc?!

    Fear/Greed index shows extreme fear. At the top of a market, extreme greed/euphoric ignorance lasts several months as prices drop. We never got close to the level of greed or euphoria that would signal a top based on historic analysis of previous cycles.

    But we are likely at the 1/3-1/2 point of a mini bear market/consolidation... basically all induced by general FUD. But once all the weak hands are shook out, i expect (hope) to see the market recover just as swiftly as it declined

    angrysc0tsman12 [1099272]

    The only way this would make sense would be if you were an early entry into this and are still up. Hope isn't a plan and not everyone can afford having capital tied up for years hoping that it will go back up. People that bought at the top in 2017 and held through the crash had to wait 3 years before they went green. Considering that most of the major cryptos are down 30+ percentage points, I think the music may have stopped on this little run up.

    I love blockchain technology and what it represents, but I don't think we'll see any of these currencies see mainstream use unless there is price stability.

    Blunt [2076337]

    Like i said... historical data shows we should be nowhere near the top of this bull run, based on the stock to flow, fear and greed index (this specific chart doesnt go back far enough to show 2017, ill try to find one), net unrealized profit loss (which measures euphoria), etc etc etc. There are like 9+ indicators that BTC follows almost to a T, that show this isnt the result of THE top. Its a local top, that was met with a bunch of compounding FUD to shake out the scared money, with upside to follow. Likely in the next 2-6 weeks well see the trend reversal. The NUPL is a good one to watch, because you can clearly see that the cross over into euphoria signals the top, doesnt last more then a few weeks, and has a sharp price correction over the following months. If you look at the current state of affairs, you see we never hit euphoria, and that there was a LOT of consolidation before this drop off, which isnt indicative of the top in any other year. A lot of the models used regularly to track market sentiment and "top" signals would need to be "broken" for this to have been the top.

    Also 30+% is nothing. During the crash from the top of 2017, we saw price drops of 50-80+% in price difference, and again the euphoria and greed were so high, people didnt get out when the top signals were in. They held and held because of the psychology of humans, and lost money on their own accord. Aping in at the top and selling at the bottom is exactly how majority of people DONT get rich, and the few who see the patterns do. Im not saying price cant and wont drop further, and im not saying that from a position of greed, or because im in the red... im saying that because thats what I can see in the charts, and thats what the people I follow are saying as well (or close to it). EDIT: Also, zoom out. The BTC bottom was like 3.5k from 2019, it went up to 62k, and dropped to 35k. So we 20x-ed, and retraced back down to a 10x. What this means to me, so long as we hold these prices before heading up above 60k, is that the mid-low 30k's is going to be the "bottom" price when the market does eventually crash into the bear market.


    And as far as adoption, most cryptos arent currency. Vast majority arent oriented as a pay structure. BTC is a store of value, and most other cryptos are assets, more akin to real estate than currency as we know it. The adoption of crypto will come, not as a currency, but as web3 or IOT applications that can be used at large scale by the masses or industry for things like tracking/recording of carbon emissions, logistics management, security of healthcare or other sensitive materials, and so on and so on. But your right, price volatility scares most away right now. Will likely be another 10 years before we see more mainstream adoption in terms of use-case vs money maker. Digital currencies will come, i just dont think they will be the predominant factor that brings crypto more mainstream.

    Edit: Added in links to various models just to back what Im saying
    And just as an example...

    I had several holdings that were actually up in the midst of all this, or at least were taking longer to feel the effect of the crash.

    Sold my BTCSE, bought back into VET and CAKE, and im already up. "The time to buy is when blood is in the streets". I'm not advocating anyone overleverage themselves, or invest without reason... but this is more likely than not, just a dip
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 11:29:22 - 20/05/21 (6 months ago)
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    The @hotcrosscom farm and Syrup Pool are live now!

    The IFO was a big success:

    Basic sale - 1528.49% oversold
    Unlimited Sale - 33416.32% oversold

    Over $370M USD committed in total!

    #HOTCROSS is currently up over 4x from the IFO price.


    I put in over 1000$, ended up with $9.75 worth of hotcross because the shit was so oversold. Already up 4x tho, so im not complaining
  • Evil-Duck [1182047]Evil-Duck [1182047]
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    Posted on 08:28:45 - 21/05/21 (6 months ago)
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    The fear around the last few days shows how many people are blindly investing with little to no understanding of how the markets act. Much needed shake out after way too much froth, now hopefully all these TikTok investors are out so we can move forth. 


    Retaking and flipping 42k into support is crucial

    Peace
  • Evil-Duck [1182047]Evil-Duck [1182047]
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    Posted on 08:35:57 - 21/05/21 (6 months ago)
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    Your 2017 Crypto Best investment | General Non-related | TORN

    My old thread lol. Since then I've pretty much solely been buying BTC and trading shitcoins to build my ETH stack

    Peace
  • NOOB tyl [2529075]tyl [2529075]
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    Posted on 15:05:47 - 21/05/21 (6 months ago)
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    Umm.. Was searching forums for info on torn ELO and noticed this...

    The SEC doesn't regulate crypto currencies... They are currently unregulated in the US. And Elon didn't get fined regarding crypto, it was his public speculation that he might take Tesla private at 420 per share. Hope it helps.

    Hey ho, my search for elo threads continue.....
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    Posted on 15:59:57 - 21/05/21 (6 months ago)
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    every day is a feels bad day in crypto now.
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 16:46:03 - 21/05/21 (6 months ago)
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    tyl [2529075]

    Umm.. Was searching forums for info on torn ELO and noticed this...

    The SEC doesn't regulate crypto currencies... They are currently unregulated in the US. And Elon didn't get fined regarding crypto, it was his public speculation that he might take Tesla private at 420 per share. Hope it helps.

    Hey ho, my search for elo threads continue.....
    Did anyone say that crypto is regulated by the SEC? I'm not going to read back through the pages to find it, but don't believe that was specifically stated.

    I recollect somewhere someone saying he should be investigated, and I had said he was investigated previously and fined for making comments (referencing the Tesla speculation which you just re-iterated with exact details that I didn't feel were pertinent at the time), but don't think there was ever conversation in regards to the SEC being a governing body over crypto.

    Would make no sense to say that, considering they've been fighting (and recently losing) a battle with Ripple over just that... what crypto is (asset vs security) and their ability to regulate it in its current form.

    Good luck in your search tho

    Edit: I did go back and look lol, I can see the confusion. I did then say "he stopped tweeting about crypto afterwards", which isn't the course of events, considering he wasn't even talking about crypto at the time (2 years ago iirc?). What I was referencing was when he first started talking about btc and doge, then caught some flack for it then went quiet. Kinda rolled 2 thoughts into 1... but I knew what I meant :p
    Last edited by Blunt on 16:52:44 - 21/05/21
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 16:49:05 - 21/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    every day is a feels bad day in crypto now.
    Apparently, word on the streets is its all a coordinated effort by a group in the middle east to tank the price, so they can buy the dip, and then position their countries for major adoption.

    How true it is I can't say, but the people who would know are talking about it, and saying they had to sign NDAs and shit to discuss the generalities. But we'll have to wait and see. If it drops below 20-25k I'll start to worry, but until then, all the models indicate this is just a dip.

    But im sure thats what people were saying at the top of 2017 as well lol, so who tf knows. Gotta "love" speculative assets!
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    Posted on 16:57:43 - 21/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    every day is a feels bad day in crypto now.

    Blunt [2076337]

    Apparently, word on the streets is its all a coordinated effort by a group in the middle east to tank the price, so they can buy the dip, and then position their countries for major adoption.

    How true it is I can't say, but the people who would know are talking about it, and saying they had to sign NDAs and shit to discuss the generalities. But we'll have to wait and see. If it drops below 20-25k I'll start to worry, but until then, all the models indicate this is just a dip.

    But im sure thats what people were saying at the top of 2017 as well lol, so who tf knows. Gotta "love" speculative assets!
    well there is that bitcoin ETF in september that will create widestream mass institutional adoption which should skyrocket the price. alot of the big boys wanna be in for that, theyd probably first wanna exhaust every single fud and regulation and get all that out the way first to create a low entry for them too, then once out of the way theres no future fud and theres a massive ETF and institutional investment. thats all i can think of on the reasoning for this.... but before the ETF there will be mass complete and total regulation, which will also tank the price and act as major fud...
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 23:14:16 - 21/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    every day is a feels bad day in crypto now.

    Blunt [2076337]

    Apparently, word on the streets is its all a coordinated effort by a group in the middle east to tank the price, so they can buy the dip, and then position their countries for major adoption.

    How true it is I can't say, but the people who would know are talking about it, and saying they had to sign NDAs and shit to discuss the generalities. But we'll have to wait and see. If it drops below 20-25k I'll start to worry, but until then, all the models indicate this is just a dip.

    But im sure thats what people were saying at the top of 2017 as well lol, so who tf knows. Gotta "love" speculative assets!

    RedRocket_Aath [2200354]

    well there is that bitcoin ETF in september that will create widestream mass institutional adoption which should skyrocket the price. alot of the big boys wanna be in for that, theyd probably first wanna exhaust every single fud and regulation and get all that out the way first to create a low entry for them too, then once out of the way theres no future fud and theres a massive ETF and institutional investment. thats all i can think of on the reasoning for this.... but before the ETF there will be mass complete and total regulation, which will also tank the price and act as major fud...
    I welcome regulation, so long as it isn't tied to archaic securities laws. Charles Hoskinson made a video asking genuine questions related to taxes and crypto (here)

    Tldr of video: if you recieve over 11m as a gift, it's taxable. If I make a shitcoin, artificially inflate the price by trading back and fourth with a group of friends, then dump billions of coins on someone, they're liable for the 40$ tax on the value.


    Reason I bring this up, is our laws as they currently are, can't be adapted to crypto. Our laws need to change entirely. Our financial system needs to change entirely. We can't regulate from a banking/stock market POV... it won't work.
  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 07:54:23 - 22/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    every day is a feels bad day in crypto now.

    Blunt [2076337]

    Apparently, word on the streets is its all a coordinated effort by a group in the middle east to tank the price, so they can buy the dip, and then position their countries for major adoption.

    How true it is I can't say, but the people who would know are talking about it, and saying they had to sign NDAs and shit to discuss the generalities. But we'll have to wait and see. If it drops below 20-25k I'll start to worry, but until then, all the models indicate this is just a dip.

    But im sure thats what people were saying at the top of 2017 as well lol, so who tf knows. Gotta "love" speculative assets!

    RedRocket_Aath [2200354]

    well there is that bitcoin ETF in september that will create widestream mass institutional adoption which should skyrocket the price. alot of the big boys wanna be in for that, theyd probably first wanna exhaust every single fud and regulation and get all that out the way first to create a low entry for them too, then once out of the way theres no future fud and theres a massive ETF and institutional investment. thats all i can think of on the reasoning for this.... but before the ETF there will be mass complete and total regulation, which will also tank the price and act as major fud...

    Blunt [2076337]

    I welcome regulation, so long as it isn't tied to archaic securities laws. Charles Hoskinson made a video asking genuine questions related to taxes and crypto (here)

    Tldr of video: if you recieve over 11m as a gift, it's taxable. If I make a shitcoin, artificially inflate the price by trading back and fourth with a group of friends, then dump billions of coins on someone, they're liable for the 40$ tax on the value.


    Reason I bring this up, is our laws as they currently are, can't be adapted to crypto. Our laws need to change entirely. Our financial system needs to change entirely. We can't regulate from a banking/stock market POV... it won't work.
    ahhh i guess its already regulated in the uk then as we already fully tax it and even recieving it as a gift is taxed... a much higher tax rater than buying and selling yourself, probably because they know people will claim its a gift to tax dodge so being gifted the entire value is taxed by a much higher tax band than capital gains.

    i dont get why americans are so fussed about tax regulation on it though.... its already taxed and every other country fully taxed it already... by regulation i always thought they meant the positive stuff as thats all whats left. like arresting elon musk for manipulation, and setting in laws to get rid of manipulators and maybe even adding fund protection inniatives.
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    Posted on 10:15:19 - 22/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    every day is a feels bad day in crypto now.

    Blunt [2076337]

    Apparently, word on the streets is its all a coordinated effort by a group in the middle east to tank the price, so they can buy the dip, and then position their countries for major adoption.

    How true it is I can't say, but the people who would know are talking about it, and saying they had to sign NDAs and shit to discuss the generalities. But we'll have to wait and see. If it drops below 20-25k I'll start to worry, but until then, all the models indicate this is just a dip.

    But im sure thats what people were saying at the top of 2017 as well lol, so who tf knows. Gotta "love" speculative assets!

    RedRocket_Aath [2200354]

    well there is that bitcoin ETF in september that will create widestream mass institutional adoption which should skyrocket the price. alot of the big boys wanna be in for that, theyd probably first wanna exhaust every single fud and regulation and get all that out the way first to create a low entry for them too, then once out of the way theres no future fud and theres a massive ETF and institutional investment. thats all i can think of on the reasoning for this.... but before the ETF there will be mass complete and total regulation, which will also tank the price and act as major fud...

    Blunt [2076337]

    I welcome regulation, so long as it isn't tied to archaic securities laws. Charles Hoskinson made a video asking genuine questions related to taxes and crypto (here)

    Tldr of video: if you recieve over 11m as a gift, it's taxable. If I make a shitcoin, artificially inflate the price by trading back and fourth with a group of friends, then dump billions of coins on someone, they're liable for the 40$ tax on the value.


    Reason I bring this up, is our laws as they currently are, can't be adapted to crypto. Our laws need to change entirely. Our financial system needs to change entirely. We can't regulate from a banking/stock market POV... it won't work.

    RedRocket_Aath [2200354]

    ahhh i guess its already regulated in the uk then as we already fully tax it and even recieving it as a gift is taxed... a much higher tax rater than buying and selling yourself, probably because they know people will claim its a gift to tax dodge so being gifted the entire value is taxed by a much higher tax band than capital gains.

    i dont get why americans are so fussed about tax regulation on it though.... its already taxed and every other country fully taxed it already... by regulation i always thought they meant the positive stuff as thats all whats left. like arresting elon musk for manipulation, and setting in laws to get rid of manipulators and maybe even adding fund protection inniatives.
    Because taxation is theft. Especially with an inept government who misuses and mishandles money. 

    But yea, we already have taxes on it too. But Charles' point was less about the tax itself, and moreso that I could dump billions of artificially inflated coins on u, and force you to pay an insane amount of tax on those coins, even though they would hold no genuine value. Essentially what happens to Vitalik... people send 50% of their newest shitcoin to Vitaliy as proof of "honesty", but the act of gifting him those coins is a taxable event, to the tune of billions of dollars.

    That is the kind of regulation that will get slapped on. It won't be new regulation, made specifically with crypto in mind... it will be old regulations they just slap on crypto, which will create more problems than it helps, because our tax laws aren't made in a way that they would port over to crypto easily.

    Like I said, bring on sensible regulation, don't bring in the archaic regulation used for securities that already exist
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    Posted on 16:45:45 - 23/05/21 (6 months ago)
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    yeah, its f**ked. no coming back from this now.
    ah well, guess thats another 4 years we have to wait.... unless the institutional adoption we got this cycle was enough to cut down the 4 year bear cycles and bring in more of a faster rebound recovery ability.
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 17:16:26 - 23/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    yeah, its f**ked. no coming back from this now.
    ah well, guess thats another 4 years we have to wait.... unless the institutional adoption we got this cycle was enough to cut down the 4 year bear cycles and bring in more of a faster rebound recovery ability.
    Im still waiting before I get myself worried... 

    Sundays are notoriously volatile, in a 2 week stint of nonstop negative volatility. Im watching today carefully though. Wanna see BTC close above the 50 day EMA line on the weekly chart (roughly 33k). If not, the next big line of support is around 23k on the 100 day EMA.

    But even if BTC price drops down into that mid-low 20k range, it still doesnt confirm bearish territory in my mind, because we've technically been in price discovery this whole time. Getting back down to previous all time highs (which was 20k), and holding that as a line of support would still be bullish, so long as we dont close below that price, and we see the rebound afterwards.

    If were reliving the 2013 bull run, this dip is still in line with that. In 2013 the mini bear market in the middle of the bull run was a HUGE red candle on the weekly, followed by 2 green candles that put us right back to where we were. So assuming today DOES close above 33k, that would indicate to me that we should see an upward move sooner than later (2-4 weeks). If we close below 33k today, 23k is our next/last line of support before id think were in bear market territory. Wed need to hold 23k, and then reverse in which case id assume a longer 4-8 week recovery. If we go below 23k, THATS when ill consider that we just saw the shortest bull market BTC has ever seen, and that were in the midst of a bear market.


    Until then though, Im cautiously optimistic and still DCA-ing in.
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    Posted on 18:49:07 - 23/05/21 (6 months ago)
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    i just dunno why anyone would keep on selling now lol .... why not just hold until it goes back up to where it was instead of keep selling it down? people are dumb and its making the rich richer as the rich are buying up all their coin they sell for cheap.
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 19:48:15 - 23/05/21 (6 months ago)
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    RedRocket_Aath [2200354]

    i just dunno why anyone would keep on selling now lol .... why not just hold until it goes back up to where it was instead of keep selling it down? people are dumb and its making the rich richer as the rich are buying up all their coin they sell for cheap.
    I forget who I was watching, but one of my daily crypto livestreamers was talking about the structure of this dip, in terms of what caused it and where the money is flowing.

    Majority of the BTC sold at the top of the dip came from accts that hold between 10,000-100,000 (aka the cause of the dip). Their BTC was held for less than 1 month before creating the dip, and they sold within a very small time frame. So it was 100% coordinated, whale manipulation that caused the dip. Was the FUD surrounding the dip part of this? Or was it just good timing, who knows, but it was coordinated.

    Why?

    The numbers show, that that same BTC bracket (10k-100k bfc) are the largest purchasers of BTC at the bottom prices, and that retail investors where the largest sellers at the bottom.


    So exactly as you said... its just retail $ flowing up into the pockets of the whales. The only way that happens though, is when people panic sell.



    All of this is just another reason I'm still not worried. I HIGHLY doubt whales would tank the market to buy cheaper BTC, and then just walk away... If they coordinated the dip, I garuntee they're going to coordinate a subsequent pump, followed by people FOMOing back in.
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    Posted on 00:21:18 - 24/05/21 (6 months ago)
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    We closed above the EMA 50 (the solid orange line just below the newest candle)... thats a good sign! We may wick below it again, but as long as we don't close next week below it, that's even better!

    Our next target big target now is the EMA 20 (the solid red line curving downward between the 2 big red candles), with several possible resistance/support areas in the spider lines (dotted pink/purple lines), which line up fairly well with various EMA ribbons (not shown).

    The DBSI (numbers above/below candles) still show downward pressure on the newest candle, but its now a 9 (out of 28) vs a 16 in downward pressure on the candle before. Also the VWAP oscillator (yellow waves on the bottom portion of the chart) has turned upward, showing what could be the beginning of more upward pressure to come over the subsequent weeks.

    Our next short term targets would be around 39.3k, 40.8k, and 42.6k on our way up to EMA 20. The short term targets line up with various EMA timeframes (again, not shown here)/spider lines. Each area we push through, and then turn into support increases the upward strength of BTC going forward. Each one that acts as resistance and pushes us back below supports toward the EMA 50 slows upward momentum and extends accumulation. Closing below the EMA 50 would mean were likely going lower, and something we don't want to see.

    Edit: And this was all done from the BTC weekly chart on regular candles, in case anyone else dabbles w/ TA and cares lol
    Last edited by Blunt on 00:28:02 - 24/05/21
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