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REPORT ABUSIVE REPLY
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Message Subject
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XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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nemo_solus |
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Post Content
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I've posted this chart before a bit further up the thread. It's a very ugly H&S, so not valid from a "purist" technical point of view, but I see it still as a possible pattern that could play out: https://imgur.com/a/XLfFDxY I feel like the bitcoin price chart is super scammy right now. It's not very clear what's happening. I feel like the ethereum chart is super transparent and anyone with any T.A. abilities could score very easy trades like crazy. The assets move together. Maybe not exactly but mostly together. In situations like this I am analyzing 20 different charts at the same time. I assess what I think the collective of all of them is and that is how I make my charting assessments. Bitcoin I honestly can't tell what it's doing. It's kind of fucked looking to me. The rest of them are clear as day what's happening. I feel this is by design. The whales are hiding the BTC movements as most people trade BTC religiously and nothing else. I'm happy to trade a shitcoin if bitcoin is super choppy. Bitcoin wasn't making any bullish divergences really over the last day but literally 18 other charts I watch were making multiple bullish divergences on multiple oscillators. This let me know that bitcoin was definitely coming up. Just food for thought. When one situation is cloudy... assess others. Form a group opinion. An interesting observation, certainly something to consider. I wonder if this perception of a "scammy" chart is due to excessive price manipulation to either allow institutions to exit, or maybe to enter the market? I've seen convincing evidence for both cases, so I'm squarely in the undecided camp. These past few months I have only followed BTC as that's the price driver of the whole crypto space. Since I'm currently fixated on coming up with algorithmic trading bots for BTC I've not really been looking elsewhere. Thanks for reminding me there are other cryptos out there.
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