Topic: Legit TA is legit TA! (Read 643 times)
It might be a good time to take some profts until the situation becomes clear. I wouldn´t advice any of my friends to buy right now, there will be better, more safe entry points in the future.
I do not like agreeing with Fonzie. I find a lot of what he posts is total FUD drivel.
However in this instance I think the current 3 day EMA charts, first pointed out in a reddit thread early this morning, bear careful consideration by anyone with more than a little skin in the game.
Today bfx /stamp has been repeatedly propped up and pumped between 649 and 665 all day long, despite a obviously thin line of support just below. Most recently 5 minutes before this post. Nothing organic about today's price development at all imo.
The last two two crashes and rebounds occurred in a declining and arguably overvalued market. Add the damage done to the public image by malleability, crashes, Gox, Silk Road 2 etc - making it hard to imaging a surge of new adopters during the coming weeks. If I was a CEO getting ready to roll out BTC adoption, i would be hedging and evaluating. Only rich eccentrics like the Overstock guy can act in a vacuum.
My girlfriend lives in a different country. This last week at dinner parties, work etc when the subject of Bitcoin comes up, the immediate reaction from everyone the table was Drug money / illegal / no way / heard it crashed etc. Unscientific sample, but you get the idea.
All this under a long shadow of the possible influx of coins from Gox and SR2 into the market. Or a collapse of Gox and the ensuing shitstorm. Or a slow lingering Gox death. Market mood?
I am a believer in BTC. I do believe the ecosystem of startups and potential is healthy and exciting and continues unabated. But speculation is a different arena altogether.
I am also a realist. The current waters are tubulent. I have gained so much from everyone here in this forum. I do not mean to spread doom and gloom. In chaos lies also opportunity. I would just encourage everyone to take care.
However in this instance I think the current 3 day EMA charts, first pointed out in a reddit thread early this morning, bear careful consideration by anyone with more than a little skin in the game.
Today bfx /stamp has been repeatedly propped up and pumped between 649 and 665 all day long, despite a obviously thin line of support just below. Most recently 5 minutes before this post. Nothing organic about today's price development at all imo.
The last two two crashes and rebounds occurred in a declining and arguably overvalued market. Add the damage done to the public image by malleability, crashes, Gox, Silk Road 2 etc - making it hard to imaging a surge of new adopters during the coming weeks. If I was a CEO getting ready to roll out BTC adoption, i would be hedging and evaluating. Only rich eccentrics like the Overstock guy can act in a vacuum.
My girlfriend lives in a different country. This last week at dinner parties, work etc when the subject of Bitcoin comes up, the immediate reaction from everyone the table was Drug money / illegal / no way / heard it crashed etc. Unscientific sample, but you get the idea.
All this under a long shadow of the possible influx of coins from Gox and SR2 into the market. Or a collapse of Gox and the ensuing shitstorm. Or a slow lingering Gox death. Market mood?
I am a believer in BTC. I do believe the ecosystem of startups and potential is healthy and exciting and continues unabated. But speculation is a different arena altogether.
I am also a realist. The current waters are tubulent. I have gained so much from everyone here in this forum. I do not mean to spread doom and gloom. In chaos lies also opportunity. I would just encourage everyone to take care.
Well MA/EMA are lagging indicators, they only show what has already happened, not what's going to happen.
Bots often act when EMA or MA´s cross. So IF they should cross we could see some momentum.
Well MA/EMA are lagging indicators, they only show what has already happened, not what's going to happen.
I considered this one as an emergeny.
Everybody should be aware about the upcoming tragedy!
Everybody should be aware about the upcoming tragedy!
Do you deem all of your Wall Observer posts threadworthy?
There seems to be unlimited supply on the ask side of Stamp.
Last chance to buy high!
Last chance to buy high!
u all know what happened a few days ago when MA 3d crossed.
this time it´s EMA 3d and it will be way worse
the moon is about to come real close!!!
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