Jump to content



Photo

Bitcoin could replace gold


  • Please log in to reply
38 replies to this topic

#21 CLK

CLK

    Member

  • Traders-Talk User
  • 9,275 posts

Posted 07 August 2018 - 12:44 PM

Shorted the 10 point bounce, Aug. 24th GLD 116P.

 

Added to short.  Three weeks sideways is about to end. Looking for 1100.



#22 CLK

CLK

    Member

  • Traders-Talk User
  • 9,275 posts

Posted 07 August 2018 - 12:50 PM

Weekly btc cycle bad for 7-8 weeks, can bounce for a week here first.

 

 

Could be, if the VanEck ETF gets approval Friday then look for >10k immediately. If not, $3500.



#23 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,205 posts

Posted 09 August 2018 - 04:46 PM

Daily cycle looks very good for several days, I waited for a turn to say but saw it two days ago, cant promise it will stick yet but is some small highs coming in the weekly cycles too.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#24 CLK

CLK

    Member

  • Traders-Talk User
  • 9,275 posts

Posted 09 August 2018 - 05:28 PM

News out of Spain and India on embracing bitcoin/blockchain.



#25 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,205 posts

Posted 09 August 2018 - 08:14 PM

Something about IBM supply chain blockchain.

 

I still hate the weekly cycles. If this is good, daily can run 45 days then see how weekly cycles shape up.

The weekly up cycle goes for a few weeks, the daily has many lows turning so this can be the real thing.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#26 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,598 posts

Posted 14 August 2018 - 11:41 AM

News out of Spain and India on embracing bitcoin/blockchain.

 

I don't follow cryptos much so today when I took a look, they knocked me back.

 

CRYPTO MANIA AND BUBBLES THAT END THE SAME AND NOT WELL

 

wacko.pngwacko.pngblink.png


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#27 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,205 posts

Posted 14 August 2018 - 08:57 PM

the weekly cycles are bad for 6-7 weeks can be way down, daily is ok will probably bounce good here for 5 days.

 

it seems like they are screwing with people false hope of etf, alot of good news items, will knock it down on anything positive.

 

but the community says good after Sep, I think now after mid Oct.

 

I will start cost averaging in mid Oct and give it one chance to work then. I have many low price tokens just keeping, bought for basically

 

free off sequential bitcoin then ether then litecoin parabolics, no main or expensive coins in the accounts for a while since trendline

 

breaks in May. Will start buying some in mid Oct.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#28 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,205 posts

Posted 14 August 2018 - 09:01 PM

 we'll see what clif says next report in late Sep I think he said, Im sure he didnt expect this.

so far his favorite for end of year was the bitcoins, digibyte, litecoin, and slower long term permanent growth populous.

If the fall rally comes, they say sell in February 2019 down and flatish, the mother lode in 2020 and 10 years.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#29 CLK

CLK

    Member

  • Traders-Talk User
  • 9,275 posts

Posted 14 August 2018 - 09:07 PM

Bought over 1100 ETP, looks strong, don't know if it lasts though. Tomorrow was supposed to be the last day to approve ETF or

not, can't keep up with it, too many changes.



#30 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,205 posts

Posted 14 August 2018 - 09:15 PM

could be more like 6 months to really turn, if a weekly cycle low (now late Oct) until Feb is probably because it is so low

and oversold end of Oct.

I will probably sell a little more in 5 days, good daily cycle potential for the week but who knows if weekly cycles hammer it once again

before that daily cycle bounce.

I would set my target time after six months after the Feb high.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan