Thread: RIP Bitcoin

Originally Posted by OhOh

Any real reason why it moved, that you are aware of?

First, there is a support line at the open of that candle, secondly it was a green candle which engulfed the previous red, and thirdly that previous red candle was at the end of a number of red candles, thereby confirming a small down-trend, But most important a bullish engulfing indicator which I coded myself at tradingview made a welcome appearance.

Originally Posted by Luigi

^ Nice. You'll be better off posting your plays when you make them, rather than after though.

You asked for it. Quite bullish on WAVESBTC right now. Will get out at 0.0008374.

EOSETH is looking OK, but would hold off until it reached a support of 0.022750 or thereabouts.

Ripple continues to develop its infrastructure. Codius is rebooted and if realised will do everything other smart contract platforms can do, only better.



They continue to make advances in the Asian & Middle Eastern markets collecting more banks, companies and remittance services than I could name. Meanwhile the Western crypto-anarchists are still crying about the GFC and trying to bring down the evil banks with their energy-hungry, technologically obsolete BTC.



Yoshitaka Kitao: CEO of SBI, a conglomerate of 61 Japanese banks.


Long term hold: Ripple.

Originally Posted by Munted

secondly it was a green candle which engulfed the previous red

Are you suggesting that,

1. The first green candles low point being below the previous reds low point
2. Its high point, finishing above the previous reds high point.

"can" confirm a direction change will continue?

Presumably the reverse suggest a downward continuation, yes?

If so thanks, I will look out for similar in future.

Originally Posted by Luigi

Will probably be cowgirl, followed by doggy with a facial finish.

What have you got against reverse cowgirl and only one cycle?

Originally Posted by Farangrakthai

why? (just curious)

You said you don't trade cryptos, right?

Tis true, I don't.

I saw a change from pre Dec 17 to now. Prior to the financial houses getting into/playing the token space, it was all waffle, waffle, waffle, as ''arry would say.

Now it is being managed as any other financial betting instrument, stocks, currencies, commodities ...... You can see post mid December a classic pump, dump and inexperienced investors winning many times their initial play money but failing to see anything but Lamborghinis.

Not just one, but a different coloured one for each day of the week!

Many, I suspect went up and then down, the HOLDRs, because, at the time everyone in tokens believed in the dream. Stories abounded of people selling their house to "invest" all in tokens, I hope they sold and made a mint.

There are many financial instruments which are traded and which provide numbers, graphs .......in real time. Many experts can, as Munted suggests, utilise them for profit. Short term or long. Understanding graphing is useful in many ways including financial trading.

Munted is the only poster here, who has replied with some info. If I have understood his post correctly, he/she may have more to share. If he is able and willing to share his knowledge, some may benefit.

With my posts here regarding Fibonacci Retracements I did identify a, possible direction change, in token price direction. I called the 12/2/18 possible bottom, the day it happened, based on a Fibonacci Retracement ratio. Amazing eh. It changed direction, why who cares, if your choice of the two possibilities makes a profit. Risk a little, if successful on your choice, risk more. Watch for another Fibonacci retracement point and be cautious.

Unless you know of a more suitable thread here on TD or elsewhere?

I'm just an inquisitive soul.

Originally Posted by Farangrakthai

do you mean possible top?

oh, oh: i like your enthusiasm on every thread, even when you're wrong.

you didn't call the mid dec top (earl and i talked about it a bit when btc was approaching 20,000 with earl saying it would dip before going higher).

the first time you mentioned fibonacci was last month, btw:

You are correct I didn't call the top in December it was the 12/4/18 bottom, post #6917 (RIP Bitcoin). My apologies.

(Ive changed the date from "mid Dec 2017" to "12/4/18)" Eagle eyes

Originally Posted by OhOh

The bottoms in, up, up and away, maybe.

And you are right about the FR.

I should go to bed.