Bitcoin technical analysis | Page 349 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin-Family math and technical analysis 21 replies

Bitcoin Analysis 22 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Attachments: Bitcoin technical analysis
Exit Attachments

Bitcoin technical analysis

  • #6,961
  • Mar 15, 2020 11:21am Mar 15, 2020 11:21am
Quoting TudorIoan
{quote} Deterministic inflation is a blind bet on tomorrow's market dynamics. Inflation is not something you can decide in a free world. Your perspective is only focused on the evil side of inflation, the one created by printing money by the CBs. But inflation has also other causes that you can't control. Authorities just REACT. They can't determine shit. You can't control (in a free trade economy): - rising in the cost of rough materials, (war, oil, boom! bang!) - rising the cost of labor, - rising in the activity of unions, - falling productivity,...
I understand and I’m looking at it from both sides obviously. Rising costs will force those that start wars from second guessing. External factors that may lead to recessions would have already led to recessions or depressions because of market intervention (central rate targeting is a form of intervention to the free market). So a market that’s not allowed to be free will gravitate towards an equilibrium to punish the intervener (see snb and boj). Therefor the conclusion is the only way is to either have a deterministic inflation metric tied to gdp? Not possible, but through energy efficieny (proof of work) it is possible and we all know energy is at the heart of any production or innovation we do.

it may sound like drawing conclusion for confirmation bias but these are my conclusions based on my experience in the markets and why I think something like bitcoin will be the next thing used at bottom of exters pyramid for base of value, all value will be speculative to the base which is a pure store of value against any centralized actors deciding to take advantage for personal gain.

I understand intervention does not work. I understand people have used qe for personal gains. I understand humans cannot see a few steps ahead in game theory as complex as the global economy. I understand a pure deflationary system isn’t ideal but is best against any option we have. I understand that there may be something better on the future but it will require a drastic value proposition.

we switched from trading rocks when we got precious metals but it was obvious. We switched from precious metals to rate targeted toilet paper because it was obvious (gold too heavy and not fungible), and now we switch from toilet paper to digital currency because it is obvious see above.
  • #6,962
  • Mar 15, 2020 12:44pm Mar 15, 2020 12:44pm
Quoting sidhujag
{quote} I understand and I’m looking at it from both sides obviously. Rising costs will force those that start wars from second guessing. External factors that may lead to recessions would have already led to recessions or depressions because of market intervention (central rate targeting is a form of intervention to the free market). So a market that’s not allowed to be free will gravitate towards an equilibrium to punish the intervener (see snb and boj). Therefor the conclusion is the only way is to either have a deterministic inflation metric...


Recessions and depressions are caused by intervention ? No shit !
It's the other way round. Interventions avoided awful crisis. You obvioulsy don't read history ! The Great Depression, ...the Fed have had the printing machine tied because of the gold standard !! They were not allowed to intervene more than the gold supply permitted !!
That non-intervention lead to the greatest crisis of the free market ever !

Theoretically, the market will gravitate towards an equilibrium ...but practically, gravitating for tooooo long, with great pain for the workers. At that point Keynes famously said "on the long run we're all dead!", obviously meaning that it might take too long for that equilibrium to be achieved ...and does cost prelonged pain for the people !

Again, you guys don't read history books ?!? You will repeat the worse part of the history! ...fortunately no sovereign country will let you play with your crypto trash around.

From rocks to gold or plastic money ...it's the same boring false analogy meant to validate your crypto utopia.
Again, if humans can't fly but they still got on the moon, it doesn't necessarily follows that pigs will fly some day, but it's just a matter of time !

Your PoW ultimatelly makes sure that the money supply is unable to be changed ever. That makes any intervention in the monetary mass impossible form anybody, ever.
But this is classical liberalism plus gold standard applied again in new other circumstances, ... this has been tested long time ago ...and it was improved by the Keynesian school of economics... we've already burned that stage... then Friedman came about with the same classical shit.....this never ends at academical level ! And is not too smart from you to piss on the Nobels just to look cool !

Ok, look, we're getting nowhere ! Keynes and Hayek got nowhere... let's drop it !
I'll never change your view, you'll never change mine. Period.

I wish to mention though I do appreciate that you use more reasonable arguments than Not-KPMG who goes just like ...bitcoin good, fiat bad, if you think otherwise, you're all stupid... and then he goes and divorce because he was not allowed to get drunk every day ..now he's free
Member
  • #6,963
  • Mar 15, 2020 1:42pm Mar 15, 2020 1:42pm
Quoting TudorIoan
{quote} Recessions and depressions are caused by intervention ? No shit ! It's the other way round. Interventions avoided awful crisis. You obvioulsy don't read history ! The Great Depression, ...the Fed have had the printing machine tied because of the gold standard !! They were not allowed to intervene more than the gold supply permitted !! That non-intervention lead to the greatest crisis of the free market ever ! Theoretically, the market will gravitate towards an equilibrium ...but practically, gravitating for tooooo long, with great...
Did we survive the market crash and depression? Yes, but they also started to repatriate gold so they can print more.. so they already intervened and still to no avail yet the market recovered organically during post-industrial revolution. It set the stage for what was to come later for technological revolution which led to a surplus and loads of GDP advancement. PoW ensures there is a race to make energy production more efficient at a core level, which Im saying is the ultimatum for GDP anyway. If you can't keep up with energy demand when innovations or advancement happen on top in society, it is useless. Everything is a cycle, avg currency lives for 30 years. Fiat system survived alot longer than avg because of rate targetting and intervention, but now its time to be replaced has come. A more efficient view on value is here and will take over whether you like it or not, its inevitable because market values efficiency and being free from intervention. Any jurisdiction that is late to react will be arbitraged to ruin both in sociopolitical aspects as well as financial.

Agreed on that other guy, classical right place and the right time luck for some, but in the big picture some times pigs do end up part of the outside.
  • #6,964
  • Mar 15, 2020 2:33pm Mar 15, 2020 2:33pm
Quoting sidhujag
{quote} It’s not about your balance of profits.. it’s a much bigger game... value and how money relates to that
Seriously pal.

Work on your coin...

You cannot convert him. He's lost.

Just let the time finish him
Attached Image
Beware of robber banks (RB), bad advisors.
  • #6,965
  • Mar 15, 2020 4:08pm Mar 15, 2020 4:08pm
Quoting yg10
{quote} Wow, $147 spread. That's 2.7% of price.
My broker, OANDA, has a fix $36 spread on Bitcoin. Brokers such as eToro offer 24/7 trading but at a higher cost.
  • #6,966
  • Mar 15, 2020 4:14pm Mar 15, 2020 4:14pm
There goes another $166 lost today on Bitcoin. Upon opening the chart of Bitcoin for brokers that do not allow weekend trading will show a gap of over $300.
Attached Image
  • #6,967
  • Mar 15, 2020 4:16pm Mar 15, 2020 4:16pm
Quoting Not-KPMG
{quote} Seriously pal. Work on your coin... You cannot convert him. He's lost. Just let the time finish him {image}
I never stopped
  • #6,968
  • Mar 15, 2020 5:09pm Mar 15, 2020 5:09pm
Wow the Bitcoin rescue team just went to work when all markets opened. Already up 8%. Time will tell if it will last.
Attached Image
  • #6,969
  • Mar 15, 2020 10:37pm Mar 15, 2020 10:37pm
Quoting Hutch
{quote} My broker, OANDA, has a fix $36 spread on Bitcoin. Brokers such as eToro offer 24/7 trading but at a higher cost.
$36 is not bad. I have account at CryptoRocket 24x7 with $12 - $24 spread.
  • #6,970
  • Mar 16, 2020 1:49am Mar 16, 2020 1:49am
Quoting Not-KPMG
{quote} Seriously pal. Work on your coin... You cannot convert him. He's lost. Just let the time finish him {image}
Why don't you stick on you filthy miserable thread and stop bringing your shit here, you crypto fanfaron !
You just got fucked up by this bitcoin crash and you hater try to get some comfort and slander on others pretending you will recover your loss in a million years ? How stupid and pathetic is that ?!?

Quoting sidhujag
Did we survive the market crash and depression? Yes...
Daddy government can make it all up to you ...in a free trade economy.
Do you think your bit-sys-coin can ? I don't.
But relax, nobody will steal your dream or your business... I will just posting charts here if you would be so kind and not "interfere"
Member
  • #6,971
  • Mar 16, 2020 2:00am Mar 16, 2020 2:00am
Quoting TudorIoan
{quote} Why don't you stick on you filthy miserable thread and stop bringing your shit here, you crypto fanfaron ! You just got fucked up by this bitcoin crash and you hater try to get some comfort and slander on others pretending you will recover your loss in a million years ? How stupid and pathetic is that ?!? {quote} Daddy government can make it all up to you ...in a free trade economy. Do you think your bit-sys-coin can ? I don't. But relax, nobody will steal your dream or your business... I...
Why do you waste time posting charts, what is your angle? If your not benefiting you must have lost a shit load of money on it somehow to warrant a lifetime supply on trolling and annoying people who have lives.

You obviously have lots to learn about how markets work as evidenced by your responses, but an average person would typically have your responses. I still don't get why your trolling every day don't you have anything better to do?
  • #6,972
  • Mar 16, 2020 2:11am Mar 16, 2020 2:11am
Alright folks, as we've recently seen, half of the bitcoin holders considered that bitcoin is trash from investing perspective.
Even if crypto business people and stupid anarchists got mad because their baby got a violent fck up
They cry and cry and cry and attack other people out of frustration, they become more aggressive ...and stupid

But market is always right despite crypto fanatics and morons !

Woaaah, look, bitcoin reacts at Fed ...wow, bitcoin has "fundamentals" now
Ooooooooh, but now again below that 5000 floating line ...sinking on, baby !
Attached Image
Member
  • #6,973
  • Mar 16, 2020 2:13am Mar 16, 2020 2:13am
Quoting TudorIoan
Alright folks, as we've recently seen, half of the bitcoin holders considered that bitcoin is trash from investing perspective. Even if crypto business people and stupid anarchists got mad because their baby got a violent fck up They cry and cry and cry and attack other people out of frustration, they become more aggressive ...and stupid But market is always right despite crypto fanatics and morons ! Woaaah, look, bitcoin reacts at Fed ...wow, bitcoin has "fundamentals" now Ooooooooh, but now again below that 5000 floating...
and your benefitting from this how? where is your trade?
  • #6,976
  • Mar 16, 2020 2:39am Mar 16, 2020 2:39am
What's up, traders !

I'm not a crypto fan but I think it would not be a bad idea to buy levels such as 4900 - 4850 below the minimal mining rentability level, the "floating line" 5000. Still sinking below 5000 for now, we'll see if buying below that can work
Attached Image
Member
  • #6,977
  • Mar 16, 2020 4:28am Mar 16, 2020 4:28am
Bitcoin doesn't like 6000 resistance.
Compulsions can be hard to resist
  • #6,978
  • Edited 8:21am Mar 16, 2020 4:42am | Edited 8:21am
Quoting trumps
Bitcoin doesn't like 6000 resistance.
Why would it like it there now after such a violent crash ?
People don't care if bitcoin is jesus christ superstar at the second coming !
Traders don't care if btc is the "perfect money" !

The Fed just cut rates to zero and entered into QE again. Bitcoin was built for this moment !!
But bitcoin failed miserabily !!
Market has spoken, bitcoin is worthless from investing perspective ! ...

Crypto obsessed sick imbeciles can struggle, worry, cry, punch, hate, troll, fuss and piss... they will never understand that market is always right ! Only imbeciles fight against market !
Market is always right !
Market had spoken, bitcoin cannot hold value if crisis ! Period.
Member
  • #6,979
  • Edited 6:40am Mar 16, 2020 5:22am | Edited 6:40am
Quoting TudorIoan
What's up, traders ! I'm not a crypto fan but I think it would not be a bad idea to buy levels such as 4900 - 4850 below the minimal mining rentability level, the "floating line" 5000. Still sinking below 5000 for now, we'll see if buying below that can work {image}
Sorry folks, bad idea ! Minor loss here.
It looks like bitcoin is not for buying anymore these days !

4,500 real dollars now !! ...still overrated !
Member
  • #6,980
  • Mar 16, 2020 9:19am Mar 16, 2020 9:19am
Quoting TudorIoan
{quote} Sorry folks, bad idea ! Minor loss here. It looks like bitcoin is not for buying anymore these days ! 4,500 real dollars now !! ...still overrated !
Ok got it you went broke trading and now offer yourself solace in trying to justify why you were bearish. If circuit breakers weren’t there you would see what a real bloodbath would look like on djia
0 traders viewing now