Jump to content

automatic

Silver Member
  • Posts

    1,830
  • Joined

  • Last visited

4 Followers

About automatic

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

automatic's Achievements

  1. First things first - past performance does not guarantee future results. Having said that, current setup does resemble 2013/2014. If the history were to repeat itself, and assuming that the stock market doesn't tank in the meantime, then I would expect a choppy but sustained ascent back into high-50s/low60s followed by a brief (lasting weeks rather than months) and violent breakout to 100k+.
  2. My money is on BTC having at least one or two more legs up this year. We needed a cool off period, and now we got it. I'm reloading on the way down.
  3. Yeah, BTC looks to be all out of "61k bounces". It's all just compression at this point, and when it punches through it should do so with conviction. Also, 100k is a good extension target and not just a figure of speech in case anyone was wondering.
  4. Ah, that sweet smell of xrp 43% daily gain. Nice to see you too, it's been a while; how've you been, wife and kids still doing ok?
  5. Yes, the timing lines up with my view. As far as magnitude is concerned.. that is anyone's guess, although this seems reasonable. I should add that there still exists a risk that instead of breaking 60k BTC rolls over instead and heads down to mid 40s. This would signal a prolonged trading season and invalidate the timing depicted in the cart.
  6. Yes, xrp has been sucking for some time now. At the same time, the chart setup is quite good AND btc is rising. If btc keeps going up, chances are more than good that it will push xrp sufficiently higher to trigger a technical breakout. Lawsuit/no lawsuit/utility/no utility/your feelings/my feelings/hopes and dreams are irrelevant. The setup is purely technical.
  7. xrp/usd cup and handle on the hourly residing within a cup and handle on the daily. If it breaks upwards, it should do so violently.
  8. Yes we do, straight down the crapper along with BTC. lol circling the drain is fun! But yes, alts are showing some *mild* resilience. How they behave with respect to BTC once it begins to rebound will be key to whether the alt season starts in earnest. If they start rising in tandem, then we may be onto something. Otherwise, it could be more of the same for a while.
  9. I don't know. At the end of the day we are all just guessing, but based on the way alts are behaving at the moment I'd say that any significant pullback in BTC could spark a bull run in alts.
  10. Yes, that is what I'm saying: if BTC closes at 75-80K in the next 2-3 weeks, then we are looking at an early cycle peak in May or June. If it falls out of the ascending triangle prior to then, then I have no idea. More data points (more time) would be needed to determine the new pattern in that case.
  11. Moment of truth fast approaching for BTC. From here it either falls outside of its ascending triangle down to 35-40k range and we have a prolonged trading season (EOY), or it launches up to 80k keeping the season on a fast trajectory (May-June).
  12. Solid advice. When it comes to crypto, I would revise and expand this to include: 3) Limit long-term holding to deflationary coins only. 4) Don't chase mooning coins.
  13. Lol guys, maybe I'll rephrase in a more neutral way. How's this: BTC needs to break downwards out of its current ascending triangle, and do so in the next six weeks, if we are to have two alt seasons this year. If we are in early April and BTC breaks the triangle to the upside, then the countdown timer starts and you have about a month to get out of BTC and two months (if we are lucky) to get out of alts. Keep this scenario in mind when planning your approach.
  14. Marlboro Lights. Also, you are missing the point; see what @Plikk wrote. Lastly, think of all the funds that would have to flow into the market to reach BTC price of 200k+ by the end of the year. What do you think would happen to the price if all such monies entered into the market in the next 8 weeks instead? It's a gamble. Either you make a boatload of money, or you lose no more than 40% (xrp is well supported in the upper 20c-low 30c range) by the time the bull run ends. It seems like a decent calculated risk, but it's a risk nonetheless. How would you feel if everything else mooned except for xrp? Figure that out and you'll have your answer.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.