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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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SmallPenguin
post Jan 12 2021, 08:32 PM

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QUOTE(klangboy83 @ Jan 12 2021, 04:28 PM)
Study 2017 pattern, this BTC rise might be the last Elliot wave that you can sell off before it drops significantly.
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So is this the last ride or there is one final ride?

I saw someone predicting if can hold current 35k then perhaps can go up to 38-40k then drop to 20 zone

This post has been edited by SmallPenguin: Jan 12 2021, 08:42 PM
SmallPenguin
post Jan 13 2021, 01:56 PM

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QUOTE(warrior @ Jan 13 2021, 12:48 PM)
What happens on Jan 15th?

Bitfinex and Tether have till the 15th of January to submit documents to the New York state attorney general about their financial relationship. The shortfall of $850m was allegedly printed by Tether and given to Bitfinex to cover up the losses Crypto Capital created. It is speculated Bitfinex and Tether can't submit any documents without revealing their cover-up. This will result in the conclusion that Tether isn't backed 1:1 by USD by a lot of investors and will results in more investigation by the attorney general. Tether is unaudited at the moment, meaning no one checked the bankroll of Tether if there really is $23b USD there.
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That is not a good news


SmallPenguin
post Jan 13 2021, 02:51 PM

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QUOTE(JohnsonLoi @ Jan 13 2021, 02:50 PM)
Am I the only one who think this is a good news?

Those Tether holders will convert them to BTC & ETH which raise their price. Worst case scenario they convert to some other stablecoins which won't affect the price
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I rather not have this kind of news while we testing EMA20 rolleyes.gif
SmallPenguin
post Jan 13 2021, 08:52 PM

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QUOTE(Vrese @ Jan 13 2021, 08:44 PM)
I have that too. Emotion need to be in check. Don't get bogged
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The last drop sapu my profit 50% sad.gif

Need to summon SMINEM


SmallPenguin
post Jan 13 2021, 10:27 PM

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QUOTE(Vrese @ Jan 13 2021, 10:18 PM)
Mine is all profit left. Possibility to go down even lower is always there. Your choice if want to take some profit
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Im waiting for a last rally to possibly 38-40k zone

Maybe join the next bear rally to sub 20k

Now need to break thru 35k, been hanging there for so long already
SmallPenguin
post Jan 14 2021, 04:08 PM

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QUOTE(Patent @ Jan 14 2021, 03:23 PM)
so many emotions in 1 week when looking at btc price

I think 40k by friday then alt pump during weekend
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Didnt double down on bottom haiz i just hodl

Then next monday crashed? Hehe
SmallPenguin
post Jan 14 2021, 05:42 PM

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QUOTE(Patent @ Jan 14 2021, 05:34 PM)
then next monday break another ath  brows.gif
thats just my bullish thought, could happen the other way around
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Other way is sub20k already

Have to see few more day candles
SmallPenguin
post Jan 14 2021, 06:58 PM

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QUOTE(klangboy83 @ Jan 14 2021, 06:29 PM)
From MACD chart, the sell wave has began, similar to 2017 pattern (signal line crossed, sell volume growing more than buy volume):

user posted image
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Looks like how the candles close today and/or tomorrow is the key

SmallPenguin
post Jan 14 2021, 11:35 PM

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40k!
SmallPenguin
post Jan 15 2021, 12:06 AM

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QUOTE(Andrew Lim @ Jan 14 2021, 11:38 PM)
Hope it can sustain
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I hope it goes sideway and let alt pump tongue.gif
Best is stay around low 40k

SmallPenguin
post Jan 15 2021, 12:21 AM

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QUOTE(warrior @ Jan 15 2021, 12:18 AM)
eth running strong now
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People want to sleep then it pumps sweat.gif
SmallPenguin
post Jan 15 2021, 12:27 AM

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QUOTE(warrior @ Jan 15 2021, 12:25 AM)
good thing stay last  biggrin.gif
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gonna put sell oco and alarm every hour tongue.gif

today got little headache need to sleep first

i hope eth break previous $1330 zone drool.gif
SmallPenguin
post Jan 15 2021, 12:32 AM

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QUOTE(Patent @ Jan 15 2021, 12:28 AM)
it will.. just a matter of time we are in bull timeline baby
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bitcoin dominance is dropping as well, and btc still holding like a charm

BBBBUUU rclxms.gif
SmallPenguin
post Jan 15 2021, 12:18 PM

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QUOTE(Vrese @ Jan 15 2021, 11:40 AM)
Get bogged then McDonald again
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Activate techology unemployment


SmallPenguin
post Jan 15 2021, 11:17 PM

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Anyone joining the bear rally?

If it hit it should hit harder than last time

SmallPenguin
post Jan 15 2021, 11:40 PM

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QUOTE(ben3003 @ Jan 15 2021, 11:24 PM)
parking 120k see can reach or not..
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Lower brows.gif

SmallPenguin
post Jan 16 2021, 12:25 AM

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QUOTE(Patent @ Jan 16 2021, 12:20 AM)
perfect weekend with btc dip and alts pumping
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why dont you think alts will follow suit with btc dip?

SmallPenguin
post Jan 16 2021, 09:12 AM

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QUOTE(ben3003 @ Jan 16 2021, 09:08 AM)
The reversal was fast.. not even got chance to enter lol
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All midnight action testing 35k support 3 times, all rejected

I shorted but didnt expect the reversal so fast, nothing was lost

Still MACD on daily candles the buy volume has reversed and no sign of slowing hmm.gif
SmallPenguin
post Jan 16 2021, 09:32 AM

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QUOTE(ben3003 @ Jan 16 2021, 09:25 AM)
I see.. yeah the reversal was fast.. dont know what is brewing lol. News keep say institution buying alot when dip. U mean buy volume reverse mean volume going down?

I see when selloff, the volume is huge and quick, going up is like need 2-3 days lol.
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Yep I was anticipating pullback yesterday evening, so I shorted and put stop-limit. Didnt put OCO, so all profit get absorbed back by bulls lol biggrin.gif

This is what Im looking at

user posted image

There should be a trend reversal because failing of previous 40k test, but well institutions are magicians

Perhaps they looking for another retest who knows

And if you look at 1H chart there is a clear symmetrical triangle, indecision hmm.gif


SmallPenguin
post Jan 16 2021, 09:46 AM

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QUOTE(ben3003 @ Jan 16 2021, 09:39 AM)
Sorry i am kinda new, u mean symmetrical triangle formed on the top right? Yeah instritution came with shit tons of money, how goreng also can. U wan maggi mamak or kung fu chao, no problem lol. I am too new to play short lol.. and use luno only.
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Oh no problem, learning TA is quite fun tbh, especially when backtesting take your time, crypto is here to stay

user posted image

So yea I was saying there is a symmetrical triangle which you can see the picture, just connect all the tops and all top lows you can see it

To me, there is a trend changing soon this weekend or early of next week

Either go up to test 40k or maybe potentially break it then new ATH

Or go down retest last time support if break then go down 20k zone, and for hodlers is another buy opportunity

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