Crypto Timing
- Thread starter Golden ChipMunk
- Start date
IPDA
Active Member
Gooooooood
precious roar
Active Member
I'm no expert but it seems to be setting up for a big final quarter.
Golden ChipMunk
Well-Known Member
Ready for Hugh Drop?
Reckon in couple weeks time.
Reckon in couple weeks time.
What's your reasoning?
Indicators I look at are not suggesting a huge drop.
1. Pi-cycle top: https://coinank.com/indexdata/piCycleTop
2. Rainbow price chart: https://coinank.com/indexdata/rainbow
3. MVRV Ratio: https://cryptoquant.com/asset/btc/c...riceScale=log&metricScale=log&chartStyle=line
4. MVRV Z-score: https://www.bitcoinmagazinepro.com/charts/mvrv-zscore/
Weekly chart suggests that the price of BTC has been consolidating in a range of 54K - 69K and is now trading above the 200 DMA for the first time in a few months.
Golden ChipMunk
Well-Known Member
OMG!, It went the other direction 
But it still All Good.
Still Lot of Fun. Ka Ching!
Doge is doing very Good over 122% rising.....
from Turtle speed to Rabbit speed......
But it still All Good.
Still Lot of Fun. Ka Ching!
Doge is doing very Good over 122% rising.....
from Turtle speed to Rabbit speed......
I would've been interested in what your reasoning was for your expectations of a big drop.
Golden ChipMunk
Well-Known Member
Trump lose , now he won changes all scenario...
As drop = Can buy more....
The purchase power when drop sometimes can buy 2x, 3x for same value coins...
Always looking to buy more...
Golden ChipMunk
Well-Known Member
The Beatles, Tortoise and the Hare , which one do moves faster? That's how I compare cryptos.
The end game if you happen to be in it. Whichever one beat the initial dollars invested crawl up to the bigger bundle?
Many coins so far are doing good.
Many have done doubling up... at least
The end game if you happen to be in it. Whichever one beat the initial dollars invested crawl up to the bigger bundle?
Many coins so far are doing good.
Many have done doubling up...
at least
Golden ChipMunk
Well-Known Member
Shock Waves thru out...... more coming? Sending all red.
IPDA
Active Member
It's been going up for 8 consecutive weeks, it's about time this thing comes down. In every past bull run you'll see that usually after 6-8 bullish consecutive candles a top forms.
The dip is market wide across asset classes, it's got nothing to do with crypto price action over the past 2 months.
The fundamentals that drove the action haven't disappeared, things may quieten down for a while but there is not going to be a correction as these prices are still cheap compared to where the tops are going to be put in.
The fundamentals that drove the action haven't disappeared, things may quieten down for a while but there is not going to be a correction as these prices are still cheap compared to where the tops are going to be put in.
IPDA
Active Member
Where are the tops going to be put in? And why couldn't this be a top?
For a while now I've been anticipating USD180K. I'd say it's going to be much higher than that.
As far as why this isn't the top there are a number of factors that are likely to drive demand and therefore price, these could include demand from the corporate and government sectors, government fiscal policy, monetary policy to a lesser extent and the historical price action of BTC's 4 year which still has time to run
IPDA
Active Member
Ah. Good luck!
Thanks, but rather than luck I'm expecting the rewards to be based on the hard work I've put in trying to get a decent handle on the asset class and the broader macro fundamentals.
IPDA
Active Member
me too
What's the fundamental value of an imaginary asset?
Golden ChipMunk
Well-Known Member
They are not imaginary , Just non physical, nor can be touch.
Just like yours bank transfer.... You cannot touch bank transfer and now they go Cashless.
Where are the money?
