Just drew this out. I'm hopeful its wrong, but found this curious.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Overthecounter on March 09, 2018, 02:58:03 PM

@TheQuin. My low range is high lighted in yellow in the lower right corner (Total Market Cap 215 billion).

Which is based on what?

Quote from: Overthecounter on March 09, 2018, 02:58:03 PM

As the time has passed I'm trying to see if my bottom ranges have highered.

So have they? Over a month has passed since you posted this chart and the market seems to be establishing a 8k-12k range. How does that affect your prediction?

debuni

legendary

Activity: 1162

Merit: 1002

Quote from: Overthecounter on February 08, 2018, 10:10:27 PM

--https://imgur.com/YeC5sUq

Those graphs and calculations are pointless. We all know that the total cap is halted.

Invest your time and energy in something better.

Overthecounter

newbie

Activity: 13

Merit: 1

@TheQuin. My low range is high lighted in yellow in the lower right corner (Total Market Cap 215 billion). As the time has passed I'm trying to see if my bottom ranges have highered.

sjefdeklerk

jr. member

Activity: 154

Merit: 8

SODL

Quote from: Overthecounter on March 09, 2018, 11:23:06 AM

people were certain we were on the way up - everyone was saying 'this is a healthy correction, look at the consolidation blah blah'.

Welcome to bitcointalk, where people will tell you ANY time is a GREAT time to buy some more!

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Overthecounter on March 09, 2018, 11:23:06 AM

@timerland When I first ran the analysis and came up with multiple levels where the market can go people would not believe anything slightly bearish; but, by late January when I came up with this chart I shared, people were certain we were on the way up - everyone was saying 'this is a healthy correction, look at the consolidation blah blah'. We touched are very low in 2018 in February. I thought this forum would be a great place to share insights with the cryptocurrency community and to help people, even if it is against their confirmation biases. I don't think I'm alone with the realization of where we're at in the market, mainly because we're there, but it was lonely back then when everyone gave me crap about it.

Anyway, I will continue to post insightful things. I have a knack and strong grasp of how, where, and why things are moving in cryptos. Wink

Thank you,
OverTheCounter

The chart goes up to 2 days after the 6th Feb lows which are still in place. It still does like like a healthy correction and consolidation. I'm not making any prediction as to which direction it will break out of that consolidation but I'm struggling to find any insight in that chart.

Overthecounter

newbie

Activity: 13

Merit: 1

@timerland When I first ran the analysis and came up with multiple levels where the market can go people would not believe anything slightly bearish; but, by late January when I came up with this chart I shared, people were certain we were on the way up - everyone was saying 'this is a healthy correction, look at the consolidation blah blah'. We touched are very low in 2018 in February. I thought this forum would be a great place to share insights with the cryptocurrency community and to help people, even if it is against their confirmation biases. I don't think I'm alone with the realization of where we're at in the market, mainly because we're there, but it was lonely back then when everyone gave me crap about it.

Anyway, I will continue to post insightful things. I have a knack and strong grasp of how, where, and why things are moving in cryptos. Wink

Thank you,
OverTheCounter

Idrisu

sr. member

Activity: 924

Merit: 260

In 2018 the downward trend is very really and we are to understand from the chart and the connections of has made for us to have a wider view of what is currently happening to the market. I believe that we are at the last leg of the downward trend and this is a sign that we ate at the bottom.

timerland

hero member

Activity: 1526

Merit: 596

It does seem like that the general trend of it is down, with dumps taking price down to lower levels before a small recovery, before further price tanking. Though we have remained in the same ballpark, the lowest point we've seen still remains back in January.

So is it really moving down, or just moving within this range? That's up for debate.

It'll definitely depend on where this current crash goes to. If it does break the year low for bitcoin then it'll be confirmed that we're going to be completely bearish this year without much movement upwards at all.

BTW, don't ask for merits.

Overthecounter

newbie

Activity: 13

Merit: 1

Yes. Sorry. I've been away for a while, but as the market moves lower I came back to check this post. I see a lot of negative comments. I was just trying to share a what-if scenario that shows the Total Market Cap dipping into the 200 billions. It was absurd then, doesn't look to crazy now.

@NutellaboY
@BTCLovingDude

and

@socks435 - im trying to say to not hold, but to get out and buy back in lower....bc what you just wrote here was very wrong.

You guys can give me merit, thanks [since you guys had to be rude to me first]

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: socks435 on February 10, 2018, 07:09:45 AM

Its looks like iran rial currency and according to the image the price was drop and i think he is talking about the price of bitcoin was drop from the live chart in rial?

as i said above it is the total market capitalization. if you check the numbers they check out Wink

your theory is interesting but the numbers are still not right.
1 BTC is currently worth about 39,620,000 IRR and even at the peak it was worth about 82,000,000 IRR
the biggest number on that silly chart of OP is 813,871,000,000

NutellaboY

newbie

Activity: 120

Merit: 0

Quote from: btcone111 on February 10, 2018, 05:15:22 AM

What exactly are you trying to say? Could you please elaborate?

He's not trying to say something really, just dropped some information on the thread and waiting for merit. Just like they all does.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Its looks like iran rial currency and according to the image the price was drop and i think he is talking about the price of bitcoin was drop from the live chart in rial?
Sometimes the price falling and i think it is because of FUD.. but if you still holding it better to hold them and wait for the price increase back again .. because its not permanent and i believe that the price of bitcoin can be increase again ..

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: btcone111 on February 10, 2018, 05:15:22 AM

Quote from: Overthecounter on February 08, 2018, 10:10:27 PM

https://imgur.com/YeC5sUq

What exactly are you trying to say? Could you please elaborate?

he is poorly trying to say that total market capitalization has dropped!
the chart doesn't even say it is total market capitalization nor his title of this topic, you have to look at the chart for a while and "guess it" yourself!

and i am not even sure what conclusion he is trying to make here because he is using the market capitalization which is a meaningless thing to use!

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

The quality of the image has been JPEG'ed to death.

btcone111

full member

Activity: 266

Merit: 110

Quote from: Overthecounter on February 08, 2018, 10:10:27 PM

https://imgur.com/YeC5sUq

What exactly are you trying to say? Could you please elaborate?

Overthecounter

newbie

Activity: 13

Merit: 1

https://imgur.com/YeC5sUq

Topic: Just drew this out. I'm hopeful its wrong, but found this curious. (Read 300 times)