probably nothing

[HRMSU]

You'll learn I'm 99% full of **** and when the 1% hits I come back around here like a banty rooster that just got into the farmer's Cialis stash.

Hell yeah Boy!! Love it!!

 

[Scottfield1]

Did I "predict" a head and shoulders and crash or did I say it was setting up and once completed had a downside "target" 70% below the neckline which is the same distance from the neckline and the top of the head. I seem to recall saying that it wasn't dip buying time in such a downtrend. But I also would never short it.

The head and shoulders absolutely happened. It also did not hit the target. It found support at a trendline which back in late January was around $32k. The target would have been $18k. If it got down to those levels I would have bought with both hands. It did not and I did not.


(Weekly BTC chart. Blue lines = shoulders and head, Red line = neckline, Green line = support/trend)

View attachment 24362

I am neutral BTC right now, as I have been since selling last fall in the low 60's. I have made a few trades in ETH and a shitcoin someone had me start watching, but have been all cash in my crypto account since February 7th.

When/if BTC breaks out above it's 200 day SMA and or the current channel I will get long again. I also realize it could just as easily break the bottom of the channel and continue downward.

As I mentioned earlier in the thread, it's a very good sign that it is no longer crashing harder than tech stocks IMO. I'm not negative Bitcoin, I am just negative BS propaganda about it. My thesis is nothing matters except for the opinion of the few thousand whales that control 80+% of the supply. If they want to liquidate, it's the express elevator to the bottom floor. If they want to hold, then the prices will rise. If they slowly want to diversify into other assets, we get the choppy prices we are currently in. Ft Worth and El Salvador can't move the needle and are just noise. The Fed and whatever regulatory crap is coming is the music we should all listen too.

Using technical analysis and momentum on crypto is like shooting dove with a pistol from 200 yards. Support and resistance on an invisible assets run by hackers and government regulations will never be consistent. Crypto make real assets appear stable.

 

[Quincy A. Wagstaff]

No. I need a message board crypto specialist explain how an investment with no assets, no product, no revenue, who’s primary use is illicit activity.

Final settlement in 10 minutes to transfer value to and from anywhere on planet Earth without an intermediary. You may not see the use case of that, but there are plenty of capital allocators that do.

 

[horshack.sixpack]

you say "capital allocators"; Scottfield1 says "criminals" same page as far as I can see

 

[horshack.sixpack]

As a kid I was convinced that I shot a bat with my BB gun one time. Having now had years of experience of watching bats fly I'm pretty sure it just happened to dip at the exact time I shot. Man I unwittingly lied about that shot a lot as a kid.

 

[PBDog]

you say "capital allocators"; Scottfield1 says "criminals" same page as far as I can see

Is that you Pocahontas? If you havent heard sophisticated criminals don’t like leaving an electronic paper trail.

 

[dorndawg]

Is that you Pocahontas? If you havent heard sophisticated criminals don’t like leaving an electronic paper trail.

If you're so sure of crypto, why do you care if people are skeptical or even hostile?

 

[PBDog]

If you're so sure of crypto, why do you care if people are skeptical or even hostile?

If people are so certain of it’s collapse they why do they care if people are so bullish?