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ManBearPig

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  1. Like
    ManBearPig got a reaction from DannyRipple in Epic Pennant on BTC Chart   
    Called it ūü§Ě¬†
  2. Haha
    ManBearPig got a reaction from Bill42069 in Epic Pennant on BTC Chart   
    For the larger caps absolutely.
    Emerging low caps could still could have explosive returns before this matured bull market is over and I’m not talking about the bullcorn meme coins.
  3. Haha
    ManBearPig reacted to Gambaard in Charting the course of XRP   
    Settle down
  4. Like
    ManBearPig reacted to retep in Charting the course of XRP   
    That's how i feel, talk and live my life. Age is just a number.
  5. Like
    ManBearPig reacted to jargoman in XRP about to go parabolic   
    I choose coins according to technical analysis. In 2011 I was sick of losing money trying to value buy. I went to investopedia trading games and looked at the top 10 biggest gainer accounts. 9 out of 10 profiles chose momentum as trading strategy. the 10th chose buy and hold. 

    When I investigated the top account, to my shock he/she was trading constantly. 

    I decided to throw everything I knew out the window and go by momentum technical analysis. Instead of searching for investments, I searched google for charts. But every time I saw a chart that fit the signals for a momentum investment, it turned out to be bitcoin. Eventually I said, screw it, this chart is the best I've seen according to the theory, I told myself not to question the T.A and bought bitcoin at $10 for a long term hold. After Bitcoin saw massive gains I noticed that the ltc/btc chart was the same thing, showing that ltc would outperform bitcoin. Then to my shock, most alts outperformed btc. Then I came across XRP, everyone was saying it was a scam. But everytime I tried to investigate which coins banks were interested in using, the rabbit hole always led to XRP.

    Fast forward to today, the way I trade is I list all the coins by which ones are up and which ones are down. I have two reasons for this. The ones that are going up will stand out to me. I want to make a mental note of them. Out of the ones that are down I look for buy opportunities. I examine the chart of each for an entry point. I research market cap and utility. Then I search if it's a scam, then I buy. AFTER I buy, I figure out, what is it? what can I do with it? can I earn an apy? Will I need these in the future? Will I ever use these tokens? Is there a way to profit off of these? If it's a shit coin then I sell it for a profit and at least I was paid for researching the coin. If it's a gem then I got in at a good price and if it goes down I can average down. 

    I don't have to be correct all the time. Just disciplined and market aware. I use bots and I find ways to hedge my risk as best I can, which is hard in crypto. 

    Your idea of an exit plan is perfect though, I'm doing the same thing but each purchase is long, medium or short. I think maybe I make it seem easy when it's not but I've been doing it so long that I feel comfortable making trades based on analysis. What I do when things don't go as expected is really important as well. Usually just hold, or trade with a bot, or earn an apy and take a breather. 
  6. Like
    ManBearPig got a reaction from Seoulite in Comparing BTC growth to ALT growth on the chart   
    If you look at the bitcoin dominance chart also on tradingview it confirms the march shift of alts powering through.  It would be nice to see bitcoin make a convincing swing upwards over the next couple weeks, and watch altcoins run up at a greater magnitude further eroding this dominance.
  7. Like
    ManBearPig reacted to Seoulite in Comparing BTC growth to ALT growth on the chart   
    I recently discovered that there is a chart on Trading View that shows only the ALT market cap. Comparing this chart to the Total Cap can be interesting, but I've found it more interesting to compare the alt total to the btc chart. On the charts below you have a visual representation of when alts are outperforming btc or vice versa. The prices are shown in percentage gain and loss, equally for both.

    In this chart you can see when the alt market topped out in 2018 vs the btc top. For a long while alts outperformed btc until near the market bottom. Throughout 2019 and 2020 btc outperformed alts and continued to do so until the end of March this year, a few weeks ago.

    The bull run starting in November 2020. We can see the movement in early 2021 when btc was clearly the best performer.

    At the end of March alts decouple from btc. Not surprisingly, this gain for alts also coincides with the beginning of the xrp bull run. 
    These charts don't really give us much insight for trading or price, but they are a neat representation of what many of us have been feeling: at the beginning of the year it was all BTC all the time, recently ALTs have started to move. This chart could be supporting evidence that alt season is beginning.
  8. Like
    ManBearPig got a reaction from Chookstar in Epic Pennant on BTC Chart   
    This bull market has 2-6 months left.
  9. Haha
    ManBearPig reacted to retep in Charting the course of XRP   
    We had hopium for that, but he had some issues with the mods.

  10. Haha
    ManBearPig got a reaction from retryW in Epic Pennant on BTC Chart   
    Please cancel my order for a 2022 Green Lamborghini Aventador, thank you.
  11. Haha
    ManBearPig got a reaction from MQB in Epic Pennant on BTC Chart   
    Please cancel my order for a 2022 Green Lamborghini Aventador, thank you.
  12. Haha
    ManBearPig reacted to BluKoo in Epic Pennant on BTC Chart   
    Red one instead? ūüėŹūüėā
  13. Haha
    ManBearPig got a reaction from DannyRipple in Epic Pennant on BTC Chart   
    Please cancel my order for a 2022 Green Lamborghini Aventador, thank you.
  14. Haha
    ManBearPig reacted to War in Charting the course of XRP   
    Yeah no worries mate I get it, your math was off by only 981250, you were really close, well done.
  15. Haha
    ManBearPig reacted to Gorgalosk in Charting the course of XRP   
    When Oprah does a segment on crypto and how to buy it, it’s time to sell. That’s my metric.
  16. Like
    ManBearPig reacted to Seoulite in Guessing corrections   
    OK @banistersmind I figured I'd create a new thread for this so we don't clog up the other thread with a long post. 
    Unfortunately you've asked me to justify the hardest prediction to justify, which is how a correction will look. This is why I said it was a very rough guess. Corrections are the hardest time in the market to trade and some traders avoid them totally for that very reason.
    But I will go through some of the ideas that I have been studying and others I've picked up over the last few years.
    First a couple of key principles of the market you need to understand:
    1. The market has three modes: expansion, consolidation/correction ("going sideways"), and reversal. After consolidation there is always expansion, after which there may be consolidation again or reversal. 
    2. Markets are fractal, meaning that all of these modes and patterns are happening all the time on every timeframe from the 1 minute chart to the monthly chart and yearly charts. 
    This is the 1 hour chart of XRP. I am working on the assumption that we are entering a consolidation right now. This makes sense because we have just seen expansion and we have not seen a reversal. Therefore it is almost certainly consolidation.

    Now remember this expansion/consolidation/reversal is happening on the smaller scale too. So if we look at the 15 minute chart we get this.

    Since we are seeing consolidation now, the next thing we will be expansion. I am guessing that this will be to the upside but it might not be. The reason I guess it will be a bit more up is because 1. we are bullish on the higher timeframes, and 2. usually corrections will trade across a 'range'. Here's where we enter a lot of speculation: IF we are still gonna go up, the people who move the markets generally want to buy from the lower part of the range. So they drive the price lower before they push it up, so they can buy it at a lower price. This produces a 'standard' 'textbook' correction. But there is really no guarantee it will look like this at all. 

    If we look at previous consolidations we can see the areas where the market movers are accumulating:


    So it's a series of interconnected assumptions and guesses, as well as a relatively textbook correction. The assumption we will go more or less 'sideways', that we will trade up and down within the range, and that the big money will want to buy from near the bottom. I could be completely wrong and we drop like a stone from here. As I said, predicting corrections is almost impossible.
    Hope this helps a little.
     
  17. Like
    ManBearPig reacted to Neurotoxin in Epic Pennant on BTC Chart   
    Ahh yes, Vanguard, I remember planning to put in 20k there many years ago to have a ‚Äúgold‚ÄĚ account or whatever it is they called it back then and just let that money sit in the S&P500 earning me passive income. 20k because that‚Äôs the figure you needed for gold member status and it allowed you to trade without fees and such. I never went through with it thank god, that would be a lot of money tied up and not that much return.¬†
  18. Like
    ManBearPig got a reaction from Neurotoxin in Epic Pennant on BTC Chart   
    Vanguard. Old company that Prob not a lot of millennials use with low fees and DIY Investing. That’s where the 30 year conventional plan for auto investment towards my Roth IRA goes in case I lose my crypto keys in a boating accident. 
     
     
  19. Like
    ManBearPig got a reaction from dtpace in Epic Pennant on BTC Chart   
    I have a buy order in at $282 for COIN.  First time I am potentially buying individual stock since the March dip last year.
  20. Like
    ManBearPig got a reaction from dtpace in Epic Pennant on BTC Chart   
    This is my logic, however I just put in a lower buy order where I think it could go over the next couple days, too distracted at work during trading hours for this cowboy!
  21. Like
    ManBearPig got a reaction from JASCoder in Epic Pennant on BTC Chart   
    This is my logic, however I just put in a lower buy order where I think it could go over the next couple days, too distracted at work during trading hours for this cowboy!
  22. Like
    ManBearPig reacted to Julian_Williams in Charting the course of XRP   
    I think it is already too late for ETH to stop Dot and ADA bedding in.  ADA is run by Hoskinson, and Hoskinson has a charismatic personality, marketing and organisation skills and strong ethics.  He is building a very loyal and strong community and working on big African projects.  87% of the ADA tokens are staked.  He is going to roll over ETH.  FLR is also going "eat ETH's breakfast. 
    I really think ETH 2 is too little too late.  Yes it will be a success, but not the sort of success that will stop what DOT and ADA have set in motion and now a long way down the road to rolling out.
  23. Like
    ManBearPig reacted to Reco in Charting the course of XRP   
    Took my first profits yesterday and I would encourage everybody to do the same unless you want to play "all-in" with a lot of money.
    I sold 20% of my stash and recouped 95% of my initial investment. I'll let the remaining 80% ride through the ATH with absolutely no risk.
     
    After checking the price every 10 minutes for more than 3 years I kind of feel liberated. I'm not a stressful person, I didn't invest more than I could lose, but it still feels very nice to know I can never be in the red again.
     
    Edit: I'm a long time lurker on this forum. I read this topic and the "Epic pennant on BTC chart" daily, but I hardly reply
  24. Like
    ManBearPig reacted to retryW in Charting the course of XRP   
    Given people were talking about $100 in 2017, I'd say it has no bearing and we have just as much chance of tanking -90% for 3 years again. 
    I'd bloody love $10+ though, believe me. 
  25. Like
    ManBearPig reacted to Seoulite in Charting the course of XRP   
    $2, like $1, is a huge psychological level. There will be a lot of buy and sell orders already clustered around it. This is not just crypto, these big whole numbers are also significant in forex and commodities. I think it's because they are so simple and easy to understand. Ever since we started to learn to count we've understood the idea that after 1 comes 2, and after 2 comes 3. It's also a nice big number that's easy for people to calculate their take profits and limit orders around.
    Right now it is not a question of bears shorting xrp, they have long been routed from the field. Anyone shorting XRP these last two weeks has been wrecked. Any thought that this was just a pump and dump has been banished. Instead the battle now is people taking profits. Some people on this very chat are taking profits. If I had a massive stack I would also be taking some profits here. It's just the way it goes. Not everyone thinks it will go to 5 dollars, not everyone needs it to. 
    One more thought: the thing I like the most about being in from the bottom of the bull run is the way the profits start to multiply so fast because the moves become proportionate to the price levels. For instance, down at 30 cents we would struggle all day up and down one or two cents. Now we blow through whole cents in a 5 minute candle. If you bought at 30 cents, your profit increases 10% every 3 cents, so you can be making returns on your money in five minutes that normies would be happy with in a year. This is one reason why crypto is so fun for me. 
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