Bitcoin technical analysis | Page 359 | 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

  • #7,161
  • Mar 29, 2020 10:44am Mar 29, 2020 10:44am
Quoting sidhujag
The acceptance of money involved intrinsic value ofcourse otherwise it’s a bag of hot potatoes and assume velocity will sustain value. Printing is not a good account for lack of velocity. its too hard for people to exchange utility for utility because during barter the possible complications with demand and supply thus a unit of account was created to denominate all credit to utility. although fiat has Ok unit of account and great medium of exchange it has no store of value which is a desired property of money.
Money doesn't have intrinsic value just because acceptance, or because you and depositors think and say so.
Hoarding money solely doesn't confere intrinsic value.
You define intrinsic value only by conventional greed/caution, basically by the market/people's behaviour ??? Not by the basical needs !
You may even call it intrinsic value some fancy "objective calculation or complex financial model" ...but ultimately it's still related to the market value, because market is never wrong. So... relative value !
Now, cut from the market, a hot potato has utility - whilst a dollar bill is just paper (ok, even if it still can wipe your ass).
Utility makes the difference. That's how you can tell instruments from the basic stuff..
Again, hoarding money doesn't confere intrinsic value. Hoarding can only dismantle the printing for the purpose of boosting the spending effect, slowing velocity alright, but very soon those piles of money will considerabily lose value and it will get dumped in the market creating inflation, proving they hold shit, ...no intrinsic shit
Member
  • #7,162
  • Mar 29, 2020 10:47am Mar 29, 2020 10:47am
Quoting Hutch
{quote} Naw I'm not a tax evader I'm a super tax planner Tax evaders are idiots and when they get caught by the IRS they pay big fines. You seem to forget that tax evasion is illegal and it's not the same as tax avoidance that is totally legal I legally avoid tax and although the IRS hates tax avoiders it cannot do anything against smart tax avoiders like me
That's why I value you the most ! You are a smart "tax planner"
Member
  • #7,163
  • Mar 29, 2020 11:19am Mar 29, 2020 11:19am
6000 is the the waterline. Bearly floating.
Weekly chart shows this thing is bearish long time before the C19 crisis.
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART.png Size: 30 KB
Member
  • #7,164
  • Mar 29, 2020 11:57am Mar 29, 2020 11:57am
Quoting TudorIoan
6000 is the the waterline. Bearly floating. Weekly chart shows this thing is bearish long time before the C19 crisis. {image}
$6,075 right now drowning is near
  • #7,165
  • Mar 29, 2020 12:00pm Mar 29, 2020 12:00pm
Quoting TudorIoan
{quote} Money doesn't have intrinsic value just because acceptance, or because you and depositors think and say so. Hoarding money solely doesn't confere intrinsic value. You define intrinsic value only by conventional greed/caution, basically by the market/people's behaviour ??? Not by the basical needs ! You may even call it intrinsic value some fancy "objective calculation or complex financial model" ...but ultimately it's still related to the market value, because market is never wrong. So... relative value ! Now, cut from the market,...
if utility makes the difference, crypto win. I don't think you fully grasp the fundamentals here; intrinsic value is based on utility and also based on future expectation on the store of value of the money. Hoarding is natural but also spending is done when it is needed. There are tons of things to invoke spending and velocity, least of which you would have a centralized shitcoin (fiat) and adjust rates based on which way the wind blows and often get it wrong. Doing so tries to mimick free market fundamentals by creating velocity but as you can see M2V has taken a nose dive because too much cash has flooded, and in relation not enough spending because the top 1% hold all of it (greed and corruption). Also based on the fact that the system is broken due to exponential laws, they require to inflate hoping it doesnt go hyper assuming velocity will pick up and soak the surplus supply when there is no demand to do so.
  • #7,166
  • Mar 29, 2020 4:13pm Mar 29, 2020 4:13pm
Quoting TudorIoan
6000 is the the waterline. Bearly floating. Weekly chart shows this thing is bearish long time before the C19 crisis. {image}
Quoting Hutch
{quote} $6,075 right now drowning is near
Quoting Hutch


I guess drowning has started. Bitcoin down $735 or 11% since Friday's close. I wonder if the Bitcoin Life Guards will rescue it when trading starts in non 24/7 brokers.
Attached Image
  • #7,167
  • Mar 29, 2020 5:20pm Mar 29, 2020 5:20pm
Yep.

Intelligent opinions here
Attached Image (click to enlarge)
Click to Enlarge Name: sDraw_2020-02-26_00-11-06.png Size: 406 KB
Beware of robber banks (RB), bad advisors.
  • #7,168
  • Mar 29, 2020 10:10pm Mar 29, 2020 10:10pm
Quoting Hutch
{quote} {quote} I guess drowning has started. Bitcoin down $735 or 11% since Friday's close. I wonder if the Bitcoin Life Guards will rescue it when trading starts in non 24/7 brokers. {image}
what i want to see is when dow makes new ath and starts its final decent what bitcoin does then
  • #7,169
  • Mar 30, 2020 5:24am Mar 30, 2020 5:24am
Quoting Hutch
{quote} {quote} I guess drowning has started. Bitcoin down $735 or 11% since Friday's close. I wonder if the Bitcoin Life Guards will rescue it when trading starts in non 24/7 brokers. {image}
Woohoo the Bitcoin Life Guards rescued it from drowning … at least for now
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD-4H1.png Size: 38 KB
  • #7,170
  • Mar 30, 2020 4:13pm Mar 30, 2020 4:13pm
Bitcoin is down $202 from Friday's close but it recovered nicely form the close of $5,931 yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD-4H1.png Size: 35 KB
  • #7,171
  • Edited Mar 31, 2020 7:28am Mar 30, 2020 11:05pm | Edited Mar 31, 2020 7:28am
Quoting sidhujag
{quote} if utility makes the difference, crypto win. I don't think you fully grasp the fundamentals here; intrinsic value is based on utility and also based on future expectation on the store of value of the money. Hoarding is natural but also spending is done when it is needed. There are tons of things to invoke spending and velocity, least of which you would have a centralized shitcoin (fiat) and adjust rates based on which way the wind blows and often get it wrong. Doing so tries to mimick free market fundamentals by creating velocity but as...
Basically you keep repeating the same thing, making a long story about some exchaging roundabout, which is rather relative than sound.
But market behaviour doesn't confere intrinsic value! Even if "the experts" have sophisticated methods to calculate the intrinsic value of a stock, it's still "trashable", it's still relative. Labour, services, goods, commodities, also have a relative market value, but having them cut from the market, they ultimately still means something standing alone.
You can't base intrinsicity concept on projections like credit or future expectations !

The top 1% hoarding is not necessarily greed and corruption ! They protect what belongs to them as we do. It's not their fault the world has gone crazy !

Systems
Led-inflation system is not broken, it's just not perfect.
It's not just some sort of one-size-fits-all stuff. It's imperfect just like any other social-economical shit.
You can't prove the crypto system is not vulnerable or perfect as a whole either. Blockchain + interface as a whole doesn't represent a viable alternative. You can only prove though that the blockchain is not vulnerable by maths... But the crypto-trilemma is still on, and you know what I mean.
Member
  • #7,172
  • Mar 30, 2020 11:44pm Mar 30, 2020 11:44pm
Quoting Hutch
{quote} {quote} I guess drowning has started. Bitcoin down $735 or 11% since Friday's close. I wonder if the Bitcoin Life Guards will rescue it when trading starts in non 24/7 brokers. {image}
There they go, crypto manipulators ! Crypto whales change hands in a gross manner, ...6K held. But higher time frames shows this thing weaker and weaker... never mind the C19
Member
  • #7,173
  • Mar 31, 2020 2:17am Mar 31, 2020 2:17am
Morning from London!

Chart on a short BTC/USD trade I'm going to take if/when it breaks 6374
Shallow H&S pattern, looking to target the neckline & below.

Not interested if price continues higher & breaks 6700 first.

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-31 (3).png Size: 55 KB
  • #7,174
  • Mar 31, 2020 8:20am Mar 31, 2020 8:20am
Quoting Not-KPMG
Yep. Intelligent opinions here {image}

Yeah. Very convincing collage. Can you tell me where I can buy some tissues with Bitcoin, I'm crying so much.
Gone to a better place
  • #7,175
  • Mar 31, 2020 12:00pm Mar 31, 2020 12:00pm
Quoting TudorIoan
{quote} Basically you keep repeating the same thing, making a long story about some exchaging roundabout, which is rather relative than sound. But market behaviour doesn't confere intrinsic value! Even if "the experts" have sophisticated methods to calculate the intrinsic value of a stock, it's still "trashable", it's still relative. Labour, services, goods, commodities, also have a relative market value, but having them cut from the market, they ultimately still means something standing alone. You can't base intrinsicity concept on projections...
there is no such word as "confere" you keep mentioning. You mean "infer"? You are making generalized statements that are not making much sense to me, there is no logic behind them. Your "not their fault" and top 1% statements are oximorons for obvious reasons anyone can see. I did not say inflation based system is bad, because it is still better than gold-std which we came from, its just not as good as the next system which does not have centralized systemic risks from inflation based on corrupt, or fearful behaviour without knowing how it has long-term effects on the economy. Basically we all know the situation is deteriorating we all can see the game is almost over, some predicted this years ago and made a change to try to prepare for it while others like you are stuck and cannot see the light even when its spelled out for you. Blockchain technology itself is a settlement system thats all it is, what you build with it is what matters. You can build monetary aspects that may help tomorows economy and if enough people understand and believe it they will use it. If it does not work, then there will be something else that will be done. But the CB fiat inflation targetting game is pretty much all but over, the last bump where they print to try to control under check mate is here and the sooner we realize it and move on the better, pain is inevitable because we lived beyond our means for decades now.
  • #7,176
  • Mar 31, 2020 4:10pm Mar 31, 2020 4:10pm
Bitcoin closed at $6,464 the same price as yesterday So no bull and no bear today the ranging lamb was king
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BTCUSD-4H1.png Size: 36 KB
Click to Enlarge Name: Range Lamb.png Size: 172 KB
  • #7,177
  • Edited 4:25am Apr 1, 2020 1:35am | Edited 4:25am
Quoting sidhujag
{quote} there is no such word as "confere" you keep mentioning. You mean "infer"? You are making generalized statements that are not making much sense to me, there is no logic behind them. Your "not their fault" and top 1% statements are oximorons for obvious reasons anyone can see. I did not say inflation based system is bad, because it is still better than gold-std which we came from, its just not as good as the next system which does not have centralized systemic risks from inflation based on corrupt, or fearful behaviour without knowing how...
It's confer, but your intuition is lost in translation...
Take a break will'ya, find yourself a job or something, feed a cat, walk yo dog, I did not expect you to grasp anything since you're obsessed of your crypto nonsense.

All of your copro-crypto bullshit is based on the value that crypto is supposed to represent. (let me know if you found the copro word )
And you try to force connection between bitcoin,value and utility in order to make some sense and justify the worthless crypto.
But your lousy arguments are mostly circular reasoning...

Bitcoin is just a worthless computer code. And not only because they've dumped it in time of crisis, contrary and disappointing for the crypto fanatics' high expectations.
Bitcoin is fundamentally empty inside, no inherent value. Unrepeatable computer files which cannot be coiped from a clipboard, woah, fantastic !
You crypto fanatics waste so much time to prove bitcoin has value just because of that unrepeatable feature.
You also imply utiliy in the most stupid manner.
I've been talking to some other crypto freaks like you and you all go exactly stupid circular like... well, in short: utility is the quality in crypto shit that makes individuals want to buy the crypto shit, and the fact that individuals want to buy the crypto shit shows that the crypto shit has utility

Market also doesn't confer value, nor utility ! Market it's just consumer/people's behaviour but it does not show inherent value.
Because if we take changes in peoples' behaviour in relation to a change in the underlying budget constraint we can never be sure to what extent the change in behaviour was due to the change in price or budget constraint and how much was due to a change in preferences !

Your confusion begins at point where you freaks are fooled to consider general equilibrium models where money doesn't enter preferences, yet has a positive equilibrium value.
Money, since it's intrinsically worthless and is not demanded for its own sake, may not be made to enter the utility function and be present like any good, commodity, service, labour... So don't fkn place the money inside the utility function !!!
I've already said that all money (dollar, yen, bitcoin) doesn't have any value standing alone.
They are instruments to measure value, but they don't contain the value.
A ruler measures length, but it doesn't fundamentally define the concept of length. So is the market's price. Money/price measures value, but it doesn't fundamentally define the concept of value.
Thus, multipling money, printing money, burning money (rising rates), unrepeatable sort of money (crypto), conterfiting money, digital money, plastic/paper money..... none of these standing alone doesn't alter the existing utility or value ...for is not altering the quantity and quality of the real value such as goods, commodity, services, labour, creativity... !!!
You are in error!
Your pyramid of values is upside down !!
You try to change the world but you begin with the money ...not with economic activity, labour, commodities!
And money has no value alone ! They're dust in the wind !
Money alone can't (fundamentally) define, alter, improve economic activity... it's the other way round, FFS !
Central banks plays with peoples' behaviour when the people are facing some money supply momentary situation.
But you guys want to put the whole economy into a box, The Bed of Procrustes, a math formula... this is a mistake.
Never gonna work ...without disastrous consequences in time for the real economy !
Member
  • #7,178
  • Edited 2:25am Apr 1, 2020 2:11am | Edited 2:25am
For the "unfound words"
A stupid circular definition uses the term being defined as a part of definition.
Like the Catch-22 logic: in needing experience to get a job, how can you get a any experience until you get a job that gives you experience ?
So you crypto freaks better walk a dog.
...that's all you've got, crypto people, ...only mumbo-jumbo keep freaking around value and utility !

But your bitcoin is empty inside.
Member
  • #7,179
  • Apr 1, 2020 3:53am Apr 1, 2020 3:53am
Let me bring my homage to the crypto Fools Day, 2019 ! ...

One year ago ...they were rather slick whales than fools
Everything on the bitcoin chart was like: shit, shit, shit, shit, shit, shit, shit, shit, ...and suddenly, BAM !
Revelation ? Noooh, manipulation !

...we still have a couple of hours if there's any chance this year to see this miracle happening again
Attached Image
Member
  • #7,180
  • Apr 1, 2020 10:36am Apr 1, 2020 10:36am
It’s called a free market you should look it up. Your too brainwashed with the current system to grasp why it cannot work. Money has to have sov uoa and moe bottom line in your definition if you call that utility or not. Crypto provides this and fiat doesn’t end of story. Market will enforce usage of better money by driving out the good money out of circulation and creating demand (greshams law). Thus better money will always be preferred. Therefor your nonsense about utility and whatnot is moot it’s just about a more ideal form of money with all things considered. There is no perfect, only better.

I see your still on the April rise of last year. Well time value is lost on your shorts although I bet you probably bought back if you were smart or got margin called by now (probably later judging by your uneducated nonsense you keep spouting to blow off steam). Maybe you are the one to step back and take it for what it is. There is no manipulation, I’ve seen this with many cryptics that went bust because they could not grasp how it’s better yet valuation does the opposite of what they want. If your a trader, go with the flow and trade. Don’t judge. If your not then move on, I don’t control “crypto” like you keep making it sound like and you are not an expert in any definition so no use for you to go on your rants without solid logical reasoning that one can distinctly argue points on. Just understand that somethings are bigger than you and move on. In time we will see what happens. Until then there is no “crypto freaks” there is only those who believe this is new tech (dot com 2.0) and who want to take advantage and those left in the dust because they can’t themselves to understand or buy in. Your loss not mine.
0 traders viewing now