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Cryto Currency


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13 hours ago, jamesmark said:

I installed that yesterday, set up my account and verified my ID but went to put in some cash and it declines, go to appeal part and they want 3 months of bank statements before I am allowed to deposit any cash. Sod that, but much for something based on anonymity. 

3 months worth, crikey, not heard that before.

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Me neither.
Try FTX, they're pretty decent.
Poor bounce on Btc so far, filling out another bear pennant at the moment, they don't always play out but something to be very mindful of https://www.tradingview.com/x/MQU3pBVz/
Fear and greed index is the lowest it's been for a year btw... https://alternative.me/crypto/fear-and-greed-index/

If btc does get to that target, i wouldn't be too heavy in alts for a small while, it's likely btc regains some of its dominance back for a while.

Edited by Marty (see edit history)
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Yeah looks like it's bounced at the 100day average. Could be that we're in a cool off phase for now if ROI scales on previous cycles prior to their halving is anything to go by. Highly doubt we hit cycle top so a good opportunity to DCA into any dips. Time still on our side

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That pennant was a bear trap as they call it 😄 Was on the fence when i saw it, as everything else said that we'd bottomed for now.
Good recovery, sideways for a bit now hopefully, gives alts chance to run. The 50ma on the daily is the next real test, reclaim that and up only again 🚀
I don't think the top is in either, looking towards the end of the year for that.

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On 4/28/2021 at 10:51 AM, Vikode said:

I have a friend who is planning to buy flat in Nice here using crypto, he found an agency who is accepting this kind of payments. I hope it will work out and I will be able to visit him there soon. 

 

Read an interesting article about how couple retired at 38 in 1991 with $500,000 in savings and what happened with their investments https://www.cnbc.com/2021/04/30/early-retirement-this-couple-invested-their-money-in-the-stock-market.html Very interesting

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Bit more than that for a few coins now over the last 24hrs. DOGE continues to blow my mind and I'm wondering if ETC has risen due to new investors mistaking it for ETH.

 

Looks like EOS had a fakeout but has decided to try against BTC once more. Let's see where this one goes but looking promising

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On 4/11/2021 at 9:43 PM, Marty said:

There are other old dinosaur coins/tokens that are at a similar point too, Xmr, Dash, Eos, Xlm.

When long term resistance is broken you normally get very good gainz btw

https://www.tradingview.com/x/FVdk4De8/  - Ripple

https://www.tradingview.com/x/76RKoN6O/ - EOS

https://www.tradingview.com/x/A7rd5mQb/ - Xlm

https://www.tradingview.com/x/KMsk4b6H/ - Dash

Dinosaur coin season is upon us 😀 

Month on, ripple underperforming compared to the others.

https://s3.tradingview.com/snapshots/j/JOlZLTcM.png - Ripple

https://s3.tradingview.com/snapshots/a/aAALmGnS.png - EOS

https://s3.tradingview.com/snapshots/s/Swk5KvAb.png - Dash

XLM failed the breakout, but has now, as long as the retest of the breakout holds it should do well. I've adjusted the chart to suit.
https://s3.tradingview.com/snapshots/b/blxTamwF.png

Simple TA really, plus everything goes up in a bull market which makes it easier. There's plenty of other cryptos that look like this..

Bch for example https://s3.tradingview.com/snapshots/k/kOzRFq5z.png

or Qtum - https://s3.tradingview.com/snapshots/4/49rrKA3J.png

Not sure on Btc at the moment, i'm kinda getting jan 18 vibes with this alt coin price action 🙈 I'd like to see Btc print a new all time high just to put my mind at ease :)

Great pump on doge btw, who'd have thought it'd go as nuts as it has. Wouldn't enter it now, even if it does go up more, if you miss the meat of the move just move on to another alt.

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9 hours ago, Style said:

Bit more than that for a few coins now over the last 24hrs. DOGE continues to blow my mind and I'm wondering if ETC has risen due to new investors mistaking it for ETH.

 

Looks like EOS had a fakeout but has decided to try against BTC once more. Let's see where this one goes but looking promising

https://s3.tradingview.com/snapshots/z/zr6skiZA.png

 

There's your answer on ETC. It flipped two long term strong resistances to support = moon. 

Edited to add targets, 2.618 or even 3.618 fib likely.

Edited by Marty (see edit history)
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4 hours ago, Marty said:

Dinosaur coin season is upon us 😀 

Month on, ripple underperforming compared to the others.

https://s3.tradingview.com/snapshots/j/JOlZLTcM.png - Ripple

https://s3.tradingview.com/snapshots/a/aAALmGnS.png - EOS

https://s3.tradingview.com/snapshots/s/Swk5KvAb.png - Dash

XLM failed the breakout, but has now, as long as the retest of the breakout holds it should do well. I've adjusted the chart to suit.
https://s3.tradingview.com/snapshots/b/blxTamwF.png

Simple TA really, plus everything goes up in a bull market which makes it easier. There's plenty of other cryptos that look like this..

Bch for example https://s3.tradingview.com/snapshots/k/kOzRFq5z.png

or Qtum - https://s3.tradingview.com/snapshots/4/49rrKA3J.png

Not sure on Btc at the moment, i'm kinda getting jan 18 vibes with this alt coin price action 🙈 I'd like to see Btc print a new all time high just to put my mind at ease :)

Great pump on doge btw, who'd have thought it'd go as nuts as it has. Wouldn't enter it now, even if it does go up more, if you miss the meat of the move just move on to another alt.

I think I got the "meat" when it was £0.21. Although I am only a small fry in the grand scheme of things so I made enough money to pay for a tank of fuel 🤣

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14 hours ago, Marty said:

https://s3.tradingview.com/snapshots/z/zr6skiZA.png

 

There's your answer on ETC. It flipped two long term strong resistances to support = moon. 

Edited to add targets, 2.618 or even 3.618 fib likely.

Good spot, I was putting it down to being on Robinhood and new investors just jumping into the cheaper Ethereum coin 😁

AVAX another one looking at potentially breaking out. Had a huge blow off top in February and has been moving sideways ever since. It's riding it's bull market support band and looks similar to ETH and ADA before their recent moves up.

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It's a tricky one IMO. BTC has been moving sideways for a while now and as a result, some of the moving averages caught up to it. So it was due a move either way.

So far it's broken down past the 20, 50 and 100 day moving average with the 200 day looking like the most logical one next. That's away down at $38.9k.

In terms of weekly averages, we're still above the bull market support band but it's been a looooong time since we've been anywhere near it. Ideally we'll stay above it, currently at $48.5k.

Bullish scenario is to bounce around here for a bit and then continue up. Bearish scenario could see a pretty hefty correction and drop 30% or so. Either way, I don't think we've reached a market cycle peak yet.

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We retracted to the 0.618, fibs from the start of the parabola move to first local high, https://www.tradingview.com/x/zrHfygS5/
I'm still on the fence here,  ~30% pullbacks in a bull are fairly normal, 50% ones aren't, last time we had one of these was 2013, where we had a short lived bear/sideways for 6months after.

Although i still believe in the 4 year cycle, this one ending at the end of the year, recent price action has me concerned, smart play is capital preservation, sell this bounce and buy when the market confirms direction.
Not impressed with Elon, his blatant market manipulation has no doubt hurt a lot of people financially, he should know better.
 

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Looks like a fairly rapid recovery back to where we are now, technically we closed the week above bull market support so there is a chance we may continue to claw back this dip and close again above the weekly support. That would be very bullish, however still a mammoth task.

Not sure though. Like you say Marty, it could be an intermediate peak we're seeing here which will be followed by a sideways summer. Could easily carry us into 2022 and even '23 if time history is anything to go by. Number of days between market cycle peaks from their respective bottom seems to increase every time.

image.png.cbc70687950b8bc141a516262407e3ad.png

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The coming monthly close is an critical one. It's important to stay neutral at this point, it's too easy to get caught up in the bull market euphoria of buy the dip, up only, etc 🙂It's better to rebuy 20% higher than it is to hodl 80% lower 😆

Heiken ashi candles are good indicator of current trend, look at this and tell me what you see.. https://charts.cointrader.pro/snapshot/FCSSb 
I'm neutral myself for now, we need some positive momentum over the next 9days or so to save that monthly candle.

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