Pages:
Author

Topic: My Speculation Thread (Charts and Analysis Included ;)) - page 7. (Read 22344 times)

hero member
Activity: 560
Merit: 501
ETC/BTC:  Possible Good Entry Point If You Missed the Bottom



I know most of the aspiring traders here like me miss some good entry points from time to time but we shouldn't really be kicking ourselves about it and what we should be doing is find more good entry points with the minimal probability of losing.  Imo, this could be another good entry point for ETC as this could just be another pull back for another break upwards.  Remember, this is just my opinion and I would love to hear more about your ideas and opinions.  Especially from sandiman who I think is one of the people with more trading experience who reads and posts in these boards.

https://twitter.com/SFYLL/status/815224165103849472

This is what i've got. I used wyckoff method here because I though it was appropriate with such clear accumulation pattern. My Price objective is between 0.02 and 0.022, which also goes with one of the biggest resistance of etc. From then, I cannot speak much more (I may already be wrong), but I don't see etc stopping there definitly, we may just bounce back and forth until enough supply has been absorbed, but the latter is too much speculation. Anyway, I am in since november and also think that was a pullback, on which I sized my position (so my money is at the same place as my mouth). Grin
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
ETC/BTC:  Possible Good Entry Point If You Missed the Bottom



I know most of the aspiring traders here like me miss some good entry points from time to time but we shouldn't really be kicking ourselves about it and what we should be doing is find more good entry points with the minimal probability of losing.  Imo, this could be another good entry point for ETC as this could just be another pull back for another break upwards.  Remember, this is just my opinion and I would love to hear more about your ideas and opinions.  Especially from sandiman who I think is one of the people with more trading experience who reads and posts in these boards.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
DASH/BTC:  Another Opportunity to Short?



With BTC looking like it will surge past the 1000 USD mark by the end of the first quarter of 2017, it's time to find and short the more vulnerable altcoins.  I think DASH is one of them.  It's been really weak for the past couple of months with some intervening bull traps, but overall it's a good short.  And the recent price action could be a sign that it's good to add some more in your short position.

I completely agree with you, Dash has been showing sign of weakness coupled with low volume, any BTC rally is likely to crash the price

Personally if i were to short a coin i would short it from the top, i would never ever short a coin when its at the very bottom and also has strong support there..... thats just way too risky.
But then again i never shorted a coin in my life, i just collect Dash as much as i can to get as many masternodes running as possible, as i think they form excellent longterm investments.

But don't forget if that support breaks, it could go lower than ever before.  The argument was if BTC continues its surge what would that make of Dash?  And remember that most altcoins are considered ponzis and all it relies on is in the law of supply and demand.

Support didn't break obviously, but what if it did?
hero member
Activity: 560
Merit: 501
DASH/BTC:  Another Opportunity to Short?



With BTC looking like it will surge past the 1000 USD mark by the end of the first quarter of 2017, it's time to find and short the more vulnerable altcoins.  I think DASH is one of them.  It's been really weak for the past couple of months with some intervening bull traps, but overall it's a good short.  And the recent price action could be a sign that it's good to add some more in your short position.

I completely agree with you, Dash has been showing sign of weakness coupled with low volume, any BTC rally is likely to crash the price

Personally if i were to short a coin i would short it from the top, i would never ever short a coin when its at the very bottom and also has strong support there..... 

Indeed, that's what is supposed to be done.  Cheesy

Only way to short at that point is to wait until support breaks (and at least 4h candle close below it).
legendary
Activity: 2548
Merit: 1245
DASH/BTC:  Another Opportunity to Short?



With BTC looking like it will surge past the 1000 USD mark by the end of the first quarter of 2017, it's time to find and short the more vulnerable altcoins.  I think DASH is one of them.  It's been really weak for the past couple of months with some intervening bull traps, but overall it's a good short.  And the recent price action could be a sign that it's good to add some more in your short position.

I completely agree with you, Dash has been showing sign of weakness coupled with low volume, any BTC rally is likely to crash the price

Personally if i were to short a coin i would short it from the top, i would never ever short a coin when its at the very bottom and also has strong support there..... thats just way too risky.
But then again i never shorted a coin in my life, i just collect Dash as much as i can to get as many masternodes running as possible, as i think they form excellent longterm investments.
sr. member
Activity: 434
Merit: 250
Ok thanks, appreciate the advice.
I've been looking into doing some short sales but didn't know what site to use.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
What exchange/ method are you guys using to short a coin?
I looked into the Margin Trading section on Poloniex, but it looks like you can only do shorts with borrowed funds? Or am I reading this section wrong?
https://poloniex.com/support/aboutMarginTrading/

In order to short sell, you always need to borrow the coins involved unless naked shorting is allowed which is a bad idea overall.  The borrowed coins should be backed up by the deposit in your account.

Besides Poloniex, Kraken is also a good platform to do short selling.  Their interface is a little confusing though and takes a little getting used to.
hero member
Activity: 560
Merit: 501
What exchange/ method are you guys using to short a coin?
I looked into the Margin Trading section on Poloniex, but it looks like you can only do shorts with borrowed funds? Or am I reading this section wrong?
https://poloniex.com/support/aboutMarginTrading/

On poloniex you actually needs to borrow funds that you then sell to buy the asset back, hopefully, at a cheaper price and cash in the difference.

In Bitmex, using future, you can actually short the asset and close before settlement of the contract, thus allowing you to do naked shorts, no owning the underlying asset.
sr. member
Activity: 434
Merit: 250
What exchange/ method are you guys using to short a coin?
I looked into the Margin Trading section on Poloniex, but it looks like you can only do shorts with borrowed funds? Or am I reading this section wrong?
https://poloniex.com/support/aboutMarginTrading/
hero member
Activity: 868
Merit: 500
DASH/BTC:  Another Opportunity to Short?



With BTC looking like it will surge past the 1000 USD mark by the end of the first quarter of 2017, it's time to find and short the more vulnerable altcoins.  I think DASH is one of them.  It's been really weak for the past couple of months with some intervening bull traps, but overall it's a good short.  And the recent price action could be a sign that it's good to add some more in your short position.

I completely agree with you, Dash has been showing sign of weakness coupled with low volume, any BTC rally is likely to crash the price
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
DASH/BTC:  Another Opportunity to Short?



With BTC looking like it will surge past the 1000 USD mark by the end of the first quarter of 2017, it's time to find and short the more vulnerable altcoins.  I think DASH is one of them.  It's been really weak for the past couple of months with some intervening bull traps, but overall it's a good short.  And the recent price action could be a sign that it's good to add some more in your short position.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
...

The capping of ETC's coin supply is not a rumor, it's true.  If this is truly a bull trap remains to be seen, as we could be witnessing a start of a large trend coming.  I base this assessment on the increasing hashing power of ETC.  The miners from ETH could be pointing their rigs to ETC now because Vitalik seems motivated in switching to POS.

In the short term moving away from a fixed coin reward may create an increase in price in ETC because of the increase in scarcity, but fundamentally this is a very bad move over the longterm. The falling coin reward will put into serious question the ability of ETC to scale while at the same time maintaining the security of the proof of work.

It would be very ironic if capping the the coin supply in ETC leads to ETC surpassing XMR in market cap while at the same time removing ETC as a competitor of XMR in the area of an adaptive blocksize with a secure proof of work. As I have said before I have not seen a solution for an adaptive blocksize with a secure proof of work without a minimum tail reward. Minimum fixed fees in the protocol is not the answer here. This could easily become very serious long term pain in exchange for some short term gains for ETC, and some short term pain in exchange for long term gains for XMR.  

Ok...  I totally get what you're arguing for needing an adaptive blocksize + some sort of additional reward system in place to scale and for miners to continually secure the network once all the coins are mined.  I want to take that argument to Bitcoin.  Will that really affect BTC, or will it really matter?  It's still a long way to go til 2140.

In theory you could be right, so I could not really argue.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
...

The capping of ETC's coin supply is not a rumor, it's true.  If this is truly a bull trap remains to be seen, as we could be witnessing a start of a large trend coming.  I base this assessment on the increasing hashing power of ETC.  The miners from ETH could be pointing their rigs to ETC now because Vitalik seems motivated in switching to POS.

In the short term moving away from a fixed coin reward may create an increase in price in ETC because of the increase in scarcity, but fundamentally this is a very bad move over the longterm. The falling coin reward will put into serious question the ability of ETC to scale while at the same time maintaining the security of the proof of work.

It would be very ironic if capping the the coin supply in ETC leads to ETC surpassing XMR in market cap while at the same time removing ETC as a competitor of XMR in the area of an adaptive blocksize with a secure proof of work. As I have said before I have not seen a solution for an adaptive blocksize with a secure proof of work without a minimum tail reward. Minimum fixed fees in the protocol is not the answer here. This could easily become very serious long term pain in exchange for some short term gains for ETC, and some short term pain in exchange for long term gains for XMR.  
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
ETC seems to be a bull trap. The hype on both ETH and ETC are gone and some whales have already cashed out on ETH. It would be pointless to buy ETH at such high
price when the ETH hype is over. I would prefer to wait until ETC touches 10k satoshi before I would consider buying.

The whole pump was based on the news/rumors that ETC will look to cap the total supply of the coins in 2017. This will make it limited in supply and they are trying to roll out 100 Dapps which is not easy to do. So all these must have caused the traders to pump up ETC.



The capping of ETC's coin supply is not a rumor, it's true.  If this is truly a bull trap remains to be seen, as we could be witnessing a start of a large trend coming.  I base this assessment on the increasing hashing power of ETC.  The miners from ETH could be pointing their rigs to ETC now because Vitalik seems motivated in switching to POS.
legendary
Activity: 2954
Merit: 1159
ETC seems to be a bull trap. The hype on both ETH and ETC are gone and some whales have already cashed out on ETH. It would be pointless to buy ETH at such high
price when the ETH hype is over. I would prefer to wait until ETC touches 10k satoshi before I would consider buying.

The whole pump was based on the news/rumors that ETC will look to cap the total supply of the coins in 2017. This will make it limited in supply and they are trying to roll out 100 Dapps which is not easy to do. So all these must have caused the traders to pump up ETC.

legendary
Activity: 1344
Merit: 1000
ETC seems to be a bull trap. The hype on both ETH and ETC are gone and some whales have already cashed out on ETH. It would be pointless to buy ETH at such high
price when the ETH hype is over. I would prefer to wait until ETC touches 10k satoshi before I would consider buying.
hero member
Activity: 560
Merit: 501
ETC/BTC:  Happy Days Ahead?

I have two simple questions for the experts in this forum.  Is this a break out and a start of an uptrend?  And will this uptrend be as huge as ETH's was months ago?

Please comment below and tell us what you think.

smart money is in, now let the dumb money join them at the top (IMO further up)

Who are you referring to when you say 'smart money'?  Is it the whales like Barry Silbert (who's a known ETC supporter)?  Is it the regular big funded traders in Poloniex?  I would think there are only several of them, maybe even less.

the "guys" that actually makes money. they are also call whales, composite man, manipulator,... it's just an image, it's better to be on there side when trading.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
ETC/BTC:  Happy Days Ahead?

I have two simple questions for the experts in this forum.  Is this a break out and a start of an uptrend?  And will this uptrend be as huge as ETH's was months ago?

Please comment below and tell us what you think.

smart money is in, now let the dumb money join them at the top (IMO further up)

Who are you referring to when you say 'smart money'?  Is it the whales like Barry Silbert (who's a known ETC supporter)?  Is it the regular big funded traders in Poloniex?  I would think there are only several of them, maybe even less.
hero member
Activity: 560
Merit: 501
ETC/BTC:  Happy Days Ahead?



I have two simple questions for the experts in this forum.  Is this a break out and a start of an uptrend?  And will this uptrend be as huge as ETH's was months ago?

Please comment below and tell us what you think.

smart money is in, now let the dumb money join them at the top (IMO further up)

haha, that is true.
but i have been doing some experiments lately (not a long time) with trading during these pumps. and my strategy is to get in during th rise preferably before the top and do some short trades on the way up for some profit, and i have been successful so far, although the length of the time that i am doing this is not long enough to say anything certain about this method but i am happy so far with it.

you've been shorting overall weaknesses in the alt market how it has to be done (better to wait until it hits resistance to add to short). but market when market will be bullish, you'll lose your profits and more.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
ETC/BTC:  Happy Days Ahead?



I have two simple questions for the experts in this forum.  Is this a break out and a start of an uptrend?  And will this uptrend be as huge as ETH's was months ago?

Please comment below and tell us what you think.

smart money is in, now let the dumb money join them at the top (IMO further up)

haha, that is true.
but i have been doing some experiments lately (not a long time) with trading during these pumps. and my strategy is to get in during th rise preferably before the top and do some short trades on the way up for some profit, and i have been successful so far, although the length of the time that i am doing this is not long enough to say anything certain about this method but i am happy so far with it.
Pages:
Jump to: