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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] * 1
    #29010182 -

Looks like some pre-US-election jitters as Kamala's betting market odds retrace in a steep way.

   


The betting markets are imperfect, as they can move rapidly in response to large orders (as an example, a recent huge order put Trump's odds at 99% for a brief moment), and it seems likely that a lot of folks who bought Trump odds when the payout was greater than 1:1, may now be looking to hedge those bets as Kamala's win payout was recently as rich as ~2:1.  In either case, Trump is widely considered more favorable to crypto superficially, however in my view, both candidates have been softening toward crypto and attempting to appease folks concerned about overburdening regulation on the industry.  Thus, I think that regardless of the election outcome, crypto will do will, but that the road in the interim will be bumpy... but seriously, what's new with that?  Volatility in crypto is one of its greatest features, not a bug.


Here are some of the backtest zones we are watching for BTC.

   


The first zone is breaking now, however if price wicks down into the "platinum pocket" (roughly between the 65-70% fib retracement) and recovers to close higher, the zone could still be considered to hold... however BTC would need to bounce RIGHT NOW and not fall below the current price for that story to play out.  If that doesn't happen, we'll look for the longer term support zone around $65K to hold (which can wick down quickly to ~$63K and consider held if it bounces at that "platinum pocket" level).

Interestingly, there is what some folks consider a "hidden bullish divergence" on the BTC chart occurring now, whereby RSI has made a lower low, but BTC price has yet to do so.

   


To extrapolate on the above commentary, I strongly suggest anyone interested in some really high quality technical analysis watch this presentation from Rick, a full time trader who shares some of his knowledge with the StockMarketMentor/OptionMarketMentor/CryptoMarketMentor crew (not sure how long it will remain available, as it is part of the paid service, but the information contained in it is very high quality).  The presentation provides valuable guidance with respect to using the golden/platinum fib pockets and looking to demand/supply zones for confluence in trade setups, with a nod toward using RSI in identifying divergence.  Highly recommend for any active or aspiring trader.



Lastly, here are some encouraging historical chart patterns on BTC... :sherlock:

   


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┼ ··∙   long live the shroomery  ∙·· ┼
...╬π╥ ╥π╬...

Edited by geokills (11/03/24 12:10 PM)

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #29011536 -

Haha. Epic charts there! Thanks for sharing the link Geo


--------------------
notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Mickalopagus]
    #29016254 -

:threadmonitor:


--------------------
"What appears impenetrable to us does exist, manifesting itself in the deepest wisdom and the most radiant beauty" Einstein

"The conservatives of 70 years ago would be outraged at what has come to pass. It embodies everything they took up arms for to defeat"Asante


:kratom:

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: pslyke] * 1
    #29017769 -

Nobody.....?

Not even gonna mention it...?

A.T.H

Edited by LewDoja (11/08/24 10:47 PM)

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LewDoja]
    #29017891 -

Just HODLing. I've got some eth I've held for a few years now


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split_by_nine said:
click me you fuck

Send me a message

self ban

biggest fans

Who is online

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LewDoja] * 1
    #29017945 -

LewDoja said:
Nobody.....?

Not even gonna mention it...?

A.T.H




First rule of ath club is....


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
    #29018012 -

You don't get excited about it till the shit coin pump


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman]
    #29018222 -




--------------------
Within You , Without You


:mushroom2::levitate::mushroom2:

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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Enkidu]
    #29018230 -




Last trade I took.

Been practicing a lot been banned for a year though, learned futures and all that over the last year


--------------------
Within You , Without You


:mushroom2::levitate::mushroom2:

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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Enkidu]
    #29018304 -

Dogecoin did like 90% last month. I know I'm late but bought a bit at $0.28 CDN a piece last night. I hold 355 dogecoin now worth $100.

Felt ridiculous investing in something called dogecoin but I'm really curious if it will still be a thing when I retire and what it will be worth then.

I am hesitant to put much into it but may up my stash to $500 worth at some point.

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: LewDoja] * 1
    #29018547 -

LewDoja said:
Nobody.....?

Not even gonna mention it...?

A.T.H


Lol LewDoja... the gains are nice and all, didn't much care for the catalyst though! :crazy2: ... impressive moves nevertheless! :yesnod:

We are officially entering the "banana zone" :bananadance:

If things play out as loosely expected, I'm lookin' for $120K+ BTC in 2025 and somewhere in the vicinity of $400-$700 SOL.  On ETH, I've traded out of my personal holdings, but still hold some in a company account as well as an account I manage for my mother.  I'll be looking to trade out of those positions in the event ETH plays "catch up" from its low base and moves back to $4K+.  I would then opt to move those proceeds into SOL and/or BTC, depending how far along in the cycle we appear to be (SOL if I can catch it at a favorable price, BTC for longer term, more conservative exposure).

Sold about a quarter of my JUP (the governance token for Solana's really slick trading platform https://jup.ag) at $1.25 last night.


Welcome back Enkidu!  Keep it clean my man, nice to have you back.

:asianofapproval:


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--------------------
┼ ··∙   long live the shroomery  ∙·· ┼
...╬π╥ ╥π╬...

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] * 1
    #29019088 -

Market is on fuckin fire :thisisheavyman:

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo] * 2
    #29019300 -

Wow! Yea it really is on fire. Bitcoin at 110k CDN. I bought at 86k a couple weeks ago. I'm up around $1000 CDN overall this month between my crypto and other investments. My doge did 26% since buying yesterday. Never would have imagined this. Having any money is new to me. Fun stuff.

Hodl
:popcorn:

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Mystikal]
    #29019319 -

Lambo time.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: budmanman] * 1
    #29019405 -

Diamond hands. Don't be a bitch.


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https://www.gofundme.com/f/support-for-renee-goods-wife-and-son

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Baby_Hitler]
    #29019407 -

I sold, gonna have a pretty epic vacation next year

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: feevers]
    #29019411 -

Vacations are for degenerates.


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https://www.gofundme.com/f/support-for-renee-goods-wife-and-son

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: feevers]
    #29019412 -

The Golden bullrun is upon us, Gentlemen!


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
    #29019429 -

The markets are going berzerk. Best election ever.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Baby_Hitler] * 2
    #29019659 -

Baby_Hitler said:
Vacations are for degenerates.


I put a little into crypto each week to use as my vacation fund. If it does well I sell and go somewhere nice, if it does bad I go camping somewhere. It's worked pretty well so far

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General Interest > Money Matters
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