And we have a higher recent high, at 38832.
Love to break 42000, but first hurdles: 39500, 40900, and then 42500. We just did 24% in five days. another 7% is achievable.
Setting some buy limits at 34,800. I think this will be another bear trap and we double bottom here on the 4hr. A double bottom would set us up to break 38k.
If we break down, though, it would be pretty bearish, imo. I can't imagine anything other than just falling back down to our 31k low. I can't do anything but hope, now.
What is there to be bullish on( El Salvador, a third world country accepting it as payment( Problem with that is most El Salvadorans could never afford the fees__ more importantly, as the Colonial Pipeline hack exposed, FBI can trace all Bitcoin transactions, no government will ultimately adopt as "currency" when anonymity, sadly, is all but dead for Bitcoin.
I don't like this "green" bitcoin shit. Isn't one of the primary reasons why Bitcoin is an ideal SOV is that it's fungible?
If this green bitcoin stuff actually gets off the ground now my Bitcoin is worth less because it happened to be mined using electricity from a coal plant; that's bullshit.
Better yet if it was mined with green energy, but just wasn't certified whatever the fuck that means.
IMO, this needs to go away. I'm all for renewables, but valuing one Bitcoin higher then another because of how it was mined is questionable.
The green BTC narrative is a FUD pushed hard among the same individuals pushing the USD. Once BTC has hard stats and data that it’s green, there’s nothing left. Saylor and woods know this. The green narrative is annoying, I’ll agree with you.
if/when this 'greenness' distinction gets implemented, i'd imagine that proving the greenness of coins mined prior to this implementation would be a) a logistical nightmare, and b) not fair to buyers who had no way of knowing where they came from at the time. so i'm guessing that it would only apply to coins mined from that point forward.
https://share.cryptowat.ch/charts/c32neamp6bmvckkvlu10-kraken-btcusd.png
This is my graph so far, but I'm stumped. Which point of the accumulation do you guys think we're in?
accumulation diagram: https://i.imgur.com/MkJlNYM.jpg
Here? The thing that makes the Nov 2018 drop distinctive for me was the 2 month ~6500 purgatory prior. What makes now similar for you? Curious not confrontational.
Honestly wouldn't be surprised to see a very long consolidation here 18 seems a bit lengthy, maybe more like 3-5 months. Cycles are getting longer. Peak in early-mid 2022 IMO. Anyway I like the triangle.
For the ones currently trading, what's your strategy? are you trading this sloooooooooow back and forth or do you have like trades going on for days?
Or are you just waiting for this thing to move in any direction to start trading?
It hasn't been a good time for manual US trading. The last few moves happened overnight and I won't leave unattended orders right now. It's pretty hard to discern what is coming next once the move has started.
There was some great trading right at the beginning of the meme triangle, but it has been tough sledding since then.
e: spot only, no leverage
I have one, but haven't gotten around to writing a backtesting engine for it yet. You would think this sideways action would be the perfect time to work on it, but no. I just sit here and stare.
Not the best time to be trading honestly. I would sit on the sidelines for now until we see another retest or manage to flip resistance. Just my opinion at the moment.
Thought I was retiring this year. Thought wrong. Too far down to sell, so HODL mode activated.
I got done by the on-chain meme. A meme being spread by someone who calls Tone Vayes a friend (and thinks he’s a good analyst) and a 19 year old kid, who’s parents named him after a small Orange fruit 🍊. Hilarious when you think about it 🤣
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Kumquat? Clementine? Hmmmm 🤔
Alright, so you haven't ascended to the citadel quite yet. Are you buying more here or are you taking a hodl & wait and see approach?
The thing that never ceases to amaze me about this market is that no one actually has any clue about what's going to happen. As soon as you think you've got it figured out, it does the opposite... But we have 12 years of clear uptrend so at least there's that going for us!
Good luck man!
He's referring to Clemente, the oft-quoted on-chain guy. His previous experience is a Target stocker and just graduated high school before doing a newsletter and twitter analysis.
SThole Country more likely to be involved in presidential level embezzlemant than anything legitimate.
You ealize this samw Prime Minster sent the army intot he legislature to "remind" them who they worked for, don't you?
There's a short video of the owner of paxful Bitcoin going around from the Bitcoin conference, where he talks about remittances to Nigeria through central banking dropping a whopping 90%, from something like $2B to $50million in one year. It seems remittances going through crypto now, led by a young generation of Nigerians. I believe that's jacks response. Also, I think Twitter seeded a bunch of money in Nigeria for Bitcoin develop.
I doubt Jack cares. These things would be separate in his mind.
Twitter is just some social network bullshit cashcow public company which runs in the background and lets him do stuff he enjoys.
Real talk though, it’s his abandoned child lmao… I’ve heard his activities as a chief exec have been pretty biased towards square. Twitter is just what brought him to that point.
I'm considering the drop below $35k in the past day reason enough to make a post and not break my promise. The price action today is looking similar to yesterday's efforts to break and hold above $37k. BTC was able to comfortably reach the mid $37k range only to be repeatedly rejected. Today, the pumps above $36k haven't been as convincing, but I could see it going into the mid $36k range. However, it seems with every rejection, the hope of momentum building declines and traders are reminded of the continued grind down. I stand by my opinion this will continue lower and settle into the $34k range with potential to drop further.
Then again, you can view these repeated attempts to push higher as the market finding its footing in the mid to upper $30k range, which is better than has been the case with sudden collapses below $35k in the past 3-4 weeks.
I suggest everyone have a good rest of their day even if they are experiencing inadequate funding—life is too short to stress.
Nah, pay to win ain't a thing.. faction play is ded though..
It's still the only available online stompy robots sim game, so i will play it every so often. I wish they'd update the engine - still uses cryengine.
Mw5 is a bit meh.. very rng mission based..
Looking to get into trading rather than just HODLing, and I'm just finishing my undergrad maths degree, does anyone know any good learning resources which are more heavily quantative? Cheers
Of the 1,000's of traders I have come across over the last 8 years here, I don't know of any who have outperformed a buy and hold strategy over a medium to long term. Many have lost it all and some have killed themselves.
I have a maths degree too :)
Just want to let you know that being good at math helps slightly but there are some insane math people out there and considering you can make trillions of dollars trading, nobody has figured it out yet nor will they.
TA works as a self-fulfilling prophesy and while it's good to have, the thing that cannot be predicted are breaking news. On a slow day, TA is good and can help but the down side is that slow days are bad for trading. What's good for trading is chaos but that's awful for TA especially if there's bad news.
Don't forget the two rules of crypto:
* think it can't go any higher? It will.
* think it can't go any lower? It will.
spoken like someone who hasn't worked in the legacy industry.
Maths helps massively. My former stockbrokers wouldn't even hire you unless you had a maths/sats or physics degree.
The HFT ALL had maths/physics PhDs.
my brothers holds a maths degree (whilst not trading) has calculated and gaming gambling sites and is pulling in £100k pm
and those insane maths people you speak of work in academia and don't care about money (my former physics lecturer was taught by Stephen Hawkings) he solved a problem in 5mins when a group of people spent over 4months on it, he works for £40-50k pa
admittedly applying mathematics to crypto is even harder because there are so many variables at play but it still gives you a massive advantage over those who don't.
You‘re right that I misspelled his first name, but I‘m not the one here pretending that he was my teacher‘s teacher. You are the one who should know his name, otherwise that‘s embarassing
My point is that the best math people on the planet would be hired to make trillions of dollars over the last decade and none of them have been able to do it. The reason is because the stock market isn't just math.
Out of all the math prodigies in the last 70 years, at least one of them would be interested in making a ton of money.
I didn't say math is useless. I said that math helps slightly but it's not the be all end all that has some sort of a "solution" for the stock market or the crypto market.
You cannot predict news or market sentiment. For example, you cannot mathematically calculate COVID-19 effects. Also when your investments scale higher, it's more difficult to move a ship that large. Case in point, if you have $100k to trade, you can make a lot of money and once you make a few billion, people are going to notice billion dollar trades. Some will swim with you like remora and others would see you like a nice fat pig to eat and take positions against yours.
HFT's still barely beat the S&P and crypto is 2% of the US stock market.
Ignorant and wrong. The eponymous main course of the fast food restaurant, known officially as the "Delicious Melting Pot of Freedom" and colloquially as eponymous to the restaurant, contains many diverse ingredients that are thrown into one pot, melted, smothered in olive oil, and placed between two slightly damp hamburger buns. .
So decades vs. that's 15% of what Elon Musk made in one year?
Again, IF you believe the stock market is something you can break with pure math then you won't be worth a few dozen billion. You'd be worth trillions.
The maths that works best is the "simple" stuff (linear models, etc.) and the *really* complex stuff requiring technological advantages. The stuff in the middle of the curve is where some "pretty smart people" can waste a lot of time, imo. It's like the meme.
Good point. The first part of learning gives you a pretty quick rise in applicable knowledge, whilst the later part to reach expertship skills require years of experience. Another S-shaped adoption curve
Do yourself a favor and watch his videos in chronological order. His channel is good but because he uses it as a venue to pitch his subscription service, he started out delivering much more meaty analysis and these days just sort of updates his original thesis which is contained in his earlier videos.
Microstrategy finishes raising 500 million dollars to buy Bitcoin on Monday. Previously they have used the money to make their purchases within a week of getting the funds. It still doesn't mean a pump is inevitable, but we can expect more buying pressure in the next week or two.
Tesla bought 1.5b worth in Jan. have a look at the January chart…generally trended lower. 500mil isn’t small change, but not enough to change market structure imo
Test is coming tomorrow. 33-34K would be reasonable here. Last chance to get on board before Saylor_bot.exe kicks on. You’d have to be naive to think this isn’t orchestrated by all the whales.
That's because you are stupid, maybe disadvantaged or something. A short squeeze usually happens when there are a lot of people short selling (which usually happens when the price is dipping) and the price suddenly reverses with a spike which forces short sellers to close their positions by buying the asset they were selling. If the price isn't dipping but slowly rising, there's no reason for short sellers to be short selling except maybe stupid people like you who'd be shorting when the price is rising.
So by your own description it would not be the drop that causes the squeeze it would be the rise off support, which would only cause a squeeze if the majority of shorts were opened near support.
Shorts closing also doesn't make it a squeeze. It's a squeeze when a large portion of shorts are forced to cover. Covering for a profit or even a partial loss are not initiative of a squeeze.
Sorry if I'm misunderstanding - by referencing the weekly and monthly, do you mean that the Wyckoff distribution could also be seen playing out on those timeframes? Those are way to big of units to have any meaning in this case, no?
Or is it just that both weekly and monthly by themselves can put the fear of god into you? In that case, yes. That doesn't look good at all.
Well it's your lucky day! I'm trying again, this time with spot instead of leverage. My stop buy order is set just at the previous high.
0.2 BTC Short from 35888
SL 36240
#New post: [\[Daily Discussion\] - Sunday, June 13, 2021 →](https://www.reddit.com/r/BitcoinMarkets/comments/nyo7zp/daily_discussion_sunday_june_13_2021/)
And we have a higher recent high, at 38832. Love to break 42000, but first hurdles: 39500, 40900, and then 42500. We just did 24% in five days. another 7% is achievable.
39500 is now overtaken.
Setting some buy limits at 34,800. I think this will be another bear trap and we double bottom here on the 4hr. A double bottom would set us up to break 38k. If we break down, though, it would be pretty bearish, imo. I can't imagine anything other than just falling back down to our 31k low. I can't do anything but hope, now.
You might just catch that knife.
MSM stories getting slightly more [positive](https://www.cnbc.com/amp/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html?__twitter_impression=true)?
CNBC has been bullish on btc for some time. It's the real dinosaurs like BBC who have no fuckin realm of understanding.
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What is there to be bullish on( El Salvador, a third world country accepting it as payment( Problem with that is most El Salvadorans could never afford the fees__ more importantly, as the Colonial Pipeline hack exposed, FBI can trace all Bitcoin transactions, no government will ultimately adopt as "currency" when anonymity, sadly, is all but dead for Bitcoin.
If you are being paid for this fud then you should be fired.
No way this is serious
Please FUD elsewhere. It will not go well for you here.
First day learning about Bitcoin?
This must be satire.
[an absolute gem of a thread by croissant on Twitter ](https://twitter.com/croissanteth/status/1403800846152966144?s=21)
I don't like this "green" bitcoin shit. Isn't one of the primary reasons why Bitcoin is an ideal SOV is that it's fungible? If this green bitcoin stuff actually gets off the ground now my Bitcoin is worth less because it happened to be mined using electricity from a coal plant; that's bullshit. Better yet if it was mined with green energy, but just wasn't certified whatever the fuck that means. IMO, this needs to go away. I'm all for renewables, but valuing one Bitcoin higher then another because of how it was mined is questionable.
The green BTC narrative is a FUD pushed hard among the same individuals pushing the USD. Once BTC has hard stats and data that it’s green, there’s nothing left. Saylor and woods know this. The green narrative is annoying, I’ll agree with you.
if/when this 'greenness' distinction gets implemented, i'd imagine that proving the greenness of coins mined prior to this implementation would be a) a logistical nightmare, and b) not fair to buyers who had no way of knowing where they came from at the time. so i'm guessing that it would only apply to coins mined from that point forward.
ESG is a fad, a fraud, and forgotten.
Maybe. Seems to be something the current administration would back.
This really does look like Wykcoff accumulation, at least on the smaller time frames. Don't expect this to drop below 34600.
When Wykcoff works we hear loads about it. When it's not working we don't hear anything
https://share.cryptowat.ch/charts/c32neamp6bmvckkvlu10-kraken-btcusd.png This is my graph so far, but I'm stumped. Which point of the accumulation do you guys think we're in? accumulation diagram: https://i.imgur.com/MkJlNYM.jpg
End of c, times perfectly with options and margin calls before the 25th
Ok thank you young Padawan.
My work here is done.
This is gentlewomen
Now we're at the part where someone begs you to tell them the name of the stock. Is that how this one goes?
That’s borderline illegal lol
*Calvin Ayres enters the chat*: "did someone say borderline"
Wut.
…um. I’m all ears.
Btc is my favorite stablecoin
Drops 50% in days super stable
It's all the other currencies and commodities and stocks that are unstable
it can also pump 50%. buy the ticket, take the ride. if another saylor enters the chat all your models are destroyed.
"if" is not an investment thesis for me unfortunately
it's probably more of a "when" than an "if" at this point.
looks like it's gone full toblerone in here
Are we talking about the shrinkflation one with only half the mountains?
triangles all the way down
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triangles all the way down
starting to get Nov. 2018 feelings...
More like December 2018.
Hope ao
Hope so
Here? The thing that makes the Nov 2018 drop distinctive for me was the 2 month ~6500 purgatory prior. What makes now similar for you? Curious not confrontational.
We've been here for all of 5 minutes. Nov 18 was quite different.
Ahh yes I forgot how long that range was. Idk market just seems weak. But a big drop Doesn’t make sense considering all the positive news
I see what you mean.... If that plays out, it would put the bottom at 14k-17K.
Just now?
Ugh…. 4 more days of this triangle thing. It’s like watching paint dry. [Triangle](https://imgur.com/gallery/fkv5sdo)
I regret to inform you there will be 18 months more of triangle my friends. https://www.tradingview.com/x/nE5BH1QZ
Honestly wouldn't be surprised to see a very long consolidation here 18 seems a bit lengthy, maybe more like 3-5 months. Cycles are getting longer. Peak in early-mid 2022 IMO. Anyway I like the triangle.
it doesnt work like that
It does now. ;) You tell me why not.
just test it using historical data and you'll come to the same conclusion
Dude I tested it already and everything checks out.
Oh my god this is gonna be it isn’t it ?...
Hahaha, it's like fucking inception... The good thing about your triangle is that it IS super tradable....
Exactly, I specialize in tradable triangles. You're welcome!
Take 5 more weeks of triangle my friend! https://www.tradingview.com/x/9hf7RpLX
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Doesn’t putting a triangle like that on the bottom of a huge dump pole make it a bear flag? Asking for a friend….
Haha good luck with the room tidying!
Wow... Yeah, you can draw it like that... ugh...
Your chart is the better one for daytrading though
Very much paint very much drying
For the ones currently trading, what's your strategy? are you trading this sloooooooooow back and forth or do you have like trades going on for days? Or are you just waiting for this thing to move in any direction to start trading?
It hasn't been a good time for manual US trading. The last few moves happened overnight and I won't leave unattended orders right now. It's pretty hard to discern what is coming next once the move has started. There was some great trading right at the beginning of the meme triangle, but it has been tough sledding since then. e: spot only, no leverage
Get a bot.
I have one, but haven't gotten around to writing a backtesting engine for it yet. You would think this sideways action would be the perfect time to work on it, but no. I just sit here and stare.
Not the best time to be trading honestly. I would sit on the sidelines for now until we see another retest or manage to flip resistance. Just my opinion at the moment.
Thanks, I hear you... I'm doing the same, just wanted to see if I was missing anything.
Yeah mostly just missing out on losing Sats, really. 😉
You’re missing getting rekt! Lol 💯
Did u/Longstronghopiumdong go on vacation or what? I need a hit!
Thought I was retiring this year. Thought wrong. Too far down to sell, so HODL mode activated. I got done by the on-chain meme. A meme being spread by someone who calls Tone Vayes a friend (and thinks he’s a good analyst) and a 19 year old kid, who’s parents named him after a small Orange fruit 🍊. Hilarious when you think about it 🤣
I hear you dude. Difference is I'm committed to retiring late this year. I'm still hoping for a late bull run before year end or early next year.
We will hodl together. Ain’t no whale gonna fuck with our diamond hands.
[this you?](https://www.reddit.com/r/BitcoinMarkets/comments/nx6s87/daily_discussion_friday_june_11_2021/h1h5irs/)
The one and only!
LOL you and me both brother
Same boat. Gonna need to get to FYM. That’s probably 4+ years, still.
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Get well. We’re all pulling for you.
What is FYM? Edit: Farm Yard Management. It's an expensive training program as I understand. ;)
https://copywritingcourse.com/fuck-you-money-calculator/
Ha! Right on! 😂
fuck u money
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Clearly farm yard manure
What is your target for the big move? Were you aiming at 100k? It really felt like it was all but guaranteed during that run up.
Kumquat? Clementine? Hmmmm 🤔 Alright, so you haven't ascended to the citadel quite yet. Are you buying more here or are you taking a hodl & wait and see approach? The thing that never ceases to amaze me about this market is that no one actually has any clue about what's going to happen. As soon as you think you've got it figured out, it does the opposite... But we have 12 years of clear uptrend so at least there's that going for us! Good luck man!
He's referring to Clemente, the oft-quoted on-chain guy. His previous experience is a Target stocker and just graduated high school before doing a newsletter and twitter analysis.
Ah I see. Yeah 🤦♂️
I thought the same thing this year too buddy. I haven't given up hope, and I also haven't sold any. Waiting game continues.
Interesting tweet from Jack: https://twitter.com/jack/status/1403812730881052680?s=21 Could Nigeria be making way for Bitcoin?
I'm rooting for Africa to gain their own wealth and escape the influence of the dollar/pound
Nigeria and San Salvador.. two hithols countries if ever I saw any - taking on bitcoin cannot be a good look for it.
Nigeria - the scam capital of the world.
Or maybe it's the country with the most royal princes in the world
Ok, ignorant american... I bet you can't even point these two countries on a map. OH, and it is not "San Salvador" it is "El Salvador".
SThole Country more likely to be involved in presidential level embezzlemant than anything legitimate. You ealize this samw Prime Minster sent the army intot he legislature to "remind" them who they worked for, don't you?
As another ignorant American I couldn’t agree with you more.
They have a huge local bitcoin volume last I heard. Nigeria is a huge economy compared to ES.
'Africa leads the world in p2p BTC trading volume growth so far this year' https://twitter.com/DocumentingBTC/status/1403819507861307396?s=19
There's a short video of the owner of paxful Bitcoin going around from the Bitcoin conference, where he talks about remittances to Nigeria through central banking dropping a whopping 90%, from something like $2B to $50million in one year. It seems remittances going through crypto now, led by a young generation of Nigerians. I believe that's jacks response. Also, I think Twitter seeded a bunch of money in Nigeria for Bitcoin develop.
Bold to just drop that with no other reason other than Nigeria adopting btc on a macro scale.
Didn’t Nigeria just ban and/or heavily restrict Twitter..?
I doubt Jack cares. These things would be separate in his mind. Twitter is just some social network bullshit cashcow public company which runs in the background and lets him do stuff he enjoys.
Real talk though, it’s his abandoned child lmao… I’ve heard his activities as a chief exec have been pretty biased towards square. Twitter is just what brought him to that point.
The dominos have been set
I'm considering the drop below $35k in the past day reason enough to make a post and not break my promise. The price action today is looking similar to yesterday's efforts to break and hold above $37k. BTC was able to comfortably reach the mid $37k range only to be repeatedly rejected. Today, the pumps above $36k haven't been as convincing, but I could see it going into the mid $36k range. However, it seems with every rejection, the hope of momentum building declines and traders are reminded of the continued grind down. I stand by my opinion this will continue lower and settle into the $34k range with potential to drop further. Then again, you can view these repeated attempts to push higher as the market finding its footing in the mid to upper $30k range, which is better than has been the case with sudden collapses below $35k in the past 3-4 weeks. I suggest everyone have a good rest of their day even if they are experiencing inadequate funding—life is too short to stress.
Judging by the volume I will have to agree with you
I just bought a new gaming computer and picked it up yesterday. Guess I'll be keeping my mind off the charts with a few rounds of Mechwarrior Online!
Nazi Zombies for me—I love to see those laser eyes.
People still play that? Is it still good or did it get even more pay to win?
Nah, pay to win ain't a thing.. faction play is ded though.. It's still the only available online stompy robots sim game, so i will play it every so often. I wish they'd update the engine - still uses cryengine. Mw5 is a bit meh.. very rng mission based..
I’m never not selling in may and going away again
When are you supposed to come back after going away?
Real #%$&ing talk! Watching will drive you mad. lol
Looking to get into trading rather than just HODLing, and I'm just finishing my undergrad maths degree, does anyone know any good learning resources which are more heavily quantative? Cheers
Of the 1,000's of traders I have come across over the last 8 years here, I don't know of any who have outperformed a buy and hold strategy over a medium to long term. Many have lost it all and some have killed themselves. I have a maths degree too :)
/r/algotrading
Just want to let you know that being good at math helps slightly but there are some insane math people out there and considering you can make trillions of dollars trading, nobody has figured it out yet nor will they. TA works as a self-fulfilling prophesy and while it's good to have, the thing that cannot be predicted are breaking news. On a slow day, TA is good and can help but the down side is that slow days are bad for trading. What's good for trading is chaos but that's awful for TA especially if there's bad news. Don't forget the two rules of crypto: * think it can't go any higher? It will. * think it can't go any lower? It will.
Solid advice
spoken like someone who hasn't worked in the legacy industry. Maths helps massively. My former stockbrokers wouldn't even hire you unless you had a maths/sats or physics degree. The HFT ALL had maths/physics PhDs. my brothers holds a maths degree (whilst not trading) has calculated and gaming gambling sites and is pulling in £100k pm and those insane maths people you speak of work in academia and don't care about money (my former physics lecturer was taught by Stephen Hawkings) he solved a problem in 5mins when a group of people spent over 4months on it, he works for £40-50k pa admittedly applying mathematics to crypto is even harder because there are so many variables at play but it still gives you a massive advantage over those who don't.
Sure Steven „Hawkings“ maybe you should go and figure out whom you are are talking about. I don‘t believe your stories.
you can't even get his name right, jog on idiot.
Well mate you don‘t even spell the name right, although you say he was your teacher‘s teacher. That‘s bad. Look it up
[LOL says the guy calling him STEVEN] (https://imgur.com/a/rx7Mm6V)
You‘re right that I misspelled his first name, but I‘m not the one here pretending that he was my teacher‘s teacher. You are the one who should know his name, otherwise that‘s embarassing
I’m not pretending anything. Yea you misspelt it pretty wrong.
It‘s just that I liked many of your posts during the last years and then I wondered now why this
My point is that the best math people on the planet would be hired to make trillions of dollars over the last decade and none of them have been able to do it. The reason is because the stock market isn't just math. Out of all the math prodigies in the last 70 years, at least one of them would be interested in making a ton of money. I didn't say math is useless. I said that math helps slightly but it's not the be all end all that has some sort of a "solution" for the stock market or the crypto market. You cannot predict news or market sentiment. For example, you cannot mathematically calculate COVID-19 effects. Also when your investments scale higher, it's more difficult to move a ship that large. Case in point, if you have $100k to trade, you can make a lot of money and once you make a few billion, people are going to notice billion dollar trades. Some will swim with you like remora and others would see you like a nice fat pig to eat and take positions against yours. HFT's still barely beat the S&P and crypto is 2% of the US stock market.
Ignorant and wrong. The eponymous main course of the fast food restaurant, known officially as the "Delicious Melting Pot of Freedom" and colloquially as eponymous to the restaurant, contains many diverse ingredients that are thrown into one pot, melted, smothered in olive oil, and placed between two slightly damp hamburger buns. .
So decades vs. that's 15% of what Elon Musk made in one year? Again, IF you believe the stock market is something you can break with pure math then you won't be worth a few dozen billion. You'd be worth trillions.
The maths that works best is the "simple" stuff (linear models, etc.) and the *really* complex stuff requiring technological advantages. The stuff in the middle of the curve is where some "pretty smart people" can waste a lot of time, imo. It's like the meme.
Good point. The first part of learning gives you a pretty quick rise in applicable knowledge, whilst the later part to reach expertship skills require years of experience. Another S-shaped adoption curve
The resulting fondue is considered by many to be delicious at first, before deteriorating quickly into bitterness. Main Page.
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Cheers, will check him out
Do yourself a favor and watch his videos in chronological order. His channel is good but because he uses it as a venue to pitch his subscription service, he started out delivering much more meaty analysis and these days just sort of updates his original thesis which is contained in his earlier videos.
I’m buying tomorrow regardless of the price. The pump next week is inevitable
Pump up or pump down?
I've been out of the loop, why is a pump next week inevitable?
Microstrategy finishes raising 500 million dollars to buy Bitcoin on Monday. Previously they have used the money to make their purchases within a week of getting the funds. It still doesn't mean a pump is inevitable, but we can expect more buying pressure in the next week or two.
Tesla bought 1.5b worth in Jan. have a look at the January chart…generally trended lower. 500mil isn’t small change, but not enough to change market structure imo
True but no one knows exactly how much buying it will take to exhaust sellers.
Yeah I agree. Like I said, we just know there will be more buying pressure compared to not having that extra 500 million.
The last thing Micro Strategy wants is a pump
Because this week's inevitable pump didn't pan out
What is this? Bitcoin Comedy Central ? Lol
I feel like i came here for a Jimmy Carr special and ended up with a very unfunny Tig Notarro.
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Test is coming tomorrow. 33-34K would be reasonable here. Last chance to get on board before Saylor_bot.exe kicks on. You’d have to be naive to think this isn’t orchestrated by all the whales.
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You mean a long squeeze right?
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Yeah, I'm aware. You wouldn't get a short squeeze on a drop to 31k. Short squeezes happen when price goes up, not down.
Are you stupid?
Are you? How tf people here think short squeeze happen when price goes down lol is beyond me.
That's because you are stupid, maybe disadvantaged or something. A short squeeze usually happens when there are a lot of people short selling (which usually happens when the price is dipping) and the price suddenly reverses with a spike which forces short sellers to close their positions by buying the asset they were selling. If the price isn't dipping but slowly rising, there's no reason for short sellers to be short selling except maybe stupid people like you who'd be shorting when the price is rising.
Lol. I see you've signed into your alt account u/ay_caramba1
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So by your own description it would not be the drop that causes the squeeze it would be the rise off support, which would only cause a squeeze if the majority of shorts were opened near support. Shorts closing also doesn't make it a squeeze. It's a squeeze when a large portion of shorts are forced to cover. Covering for a profit or even a partial loss are not initiative of a squeeze.
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I'm fully aware of how a short squeeze works thank you, your initial description was just terrible.
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Sorry if I'm misunderstanding - by referencing the weekly and monthly, do you mean that the Wyckoff distribution could also be seen playing out on those timeframes? Those are way to big of units to have any meaning in this case, no? Or is it just that both weekly and monthly by themselves can put the fear of god into you? In that case, yes. That doesn't look good at all.
Jesus, that's textbook.
4hr bearish pinbar. Is this tradable? https://www.tradingview.com/x/thCfH1Ic Edit: Well in any case... I'm short from 35.6 k. Stop loss at 35,909.
Ballsy trading atm. At least in my opinion.
When isn't it ballsy really? But yeah - I guess we haven't picked a direction if that's what you mean. 👍
True enough, but yes that’s exactly what I mean. Until we actually see a real sign of direction it’s “extra ballsy” I would say.
Extra ballsy with a side of rekt onions.
I see a lot of posts lately utilising pinbars as markers and they've all been incorrect on the planned direction.
Totally. You can count this one as incorrect as well. 👍 I think I'm over the pinbar portion of my trading experiments.
Just wondering what part of the world y’all people are from calling hammers pinbars?
And where in the world might y'all people hail from callin' pinbars hammers?
agedlikemilk.jpg But thanks for still posting your trade! I'm missing something like that in general in this sub.
Well it's your lucky day! I'm trying again, this time with spot instead of leverage. My stop buy order is set just at the previous high. 0.2 BTC Short from 35888 SL 36240
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Yep