Breakout at 59.4k failed (flat top). Pull-back to 55.5k (support trend line), then back up to 59.4k from where we will likely break out and make new ATHs.
Interesting chart here. You would expect to see inflow to exchanges go up like previous rallies, indicating people are cashing out, but its not happening at the moment:
So is it btc only thread? I think i own 7 millionts of one...or $40 worth. Lol i am dipping into the doge economy. \_”_/ i mean. Spacex will put one on the moon and i think it will be the official currency of mars....”so sayeth the shepherd so sayeth the flock” im not going crazy on it. Just replacing a value meal here and there with 100 or so doge. Id like to have 16k. Thats the arbitrary number i arrived at when i started looking at throwing 1k at it. Right now im at about 5200 doge. there are reasons aside from just elon speaking it. But not sure if im on the right thread to discuss it. The promising prospect of it being added on coinbase, is a big possible catalyst, as i see it. It was pretty hard for me to initially get the ol doge. As i suspect it is for many who are not extra savvy. I think when that changes, demand goes up. Also the nicks are accepting it as form of payment for anything them. Event tickets, merch, whatever. A couple other lesser noteworthy businesses as well. I admit im newish to crypto. But hey, if the worlds most successful entrepreneur, and big batter for retail investor is behind it and pumping it, ill invest in his pitch...
Ok. Its a bit of a stoney ramble, but a thought i have been considering for a short while, but in terms of weeks. since i started researching doge, my biggest takeaway is that mining is uncapped, which is a negative.... but a cryptic positive that i consider, is that many with the thought process that i have believe that many jobs done by humans, will be lost to tech, in the near future. A decade or less...many billionaire movers and shakers, think the same. Many (including elon) think that human jobs will shift to service/tip, type jobs. Manufacturing, more robots....trucking, auto pilot, pilots, auto pilot. Uber, autopilot..... The list will go on. my limited research tells me doge is intended for tipping type industry. (Well was a joke, but is being fashioned to service industry) FB started as a shame site....for perspective in investing....i can deal with the idea that doge was a joke. Many billionaires think tipping is the way of human jobs forward. Many tipping based providers are jumping on the doge wagon, or at least thats the trend, im expecting/hoping to see... even if its worth tulips, its worth a dice roll to me, right now.
Not to boast, just super happy that my technical analysis skills are progressing and I predicted the price development almost to perfection. Next big mid-term price target: 90k.
on your analysis. The tulip bulbers are finally waking up and realizing its a force to be reckoned with. I pulled out of the markets, "along with many others" to focus on the coins. Let the longtermers hold the wall street bags, I only trade that stuff now.
Meanwhile in tulipbulb land. My 4 main crops are doing just fine. The newest member took a dose of miracle grow. Added it to the garden on Saturday.
I held onto my XRP during the XPR lockout because all info pointed to the SEC lawsuit being very frivolous. If it resolves the way I'm guessing it will, then I'll be excited to see Ripple's next steps. Right now I'm up 300% on my initial position.
Congrats..... I know a lot of armchair investors who did the "I sold that shit as soon as I saw the lawsuit was bringing it down. Didn't lose my money! heh heh heh" and then looked at me sort of with a blank stare when my replies were something like, I'm holding - there's no reason to take a loss on a small investment in a situation where the action that froze it doesn't seem very valid. Actually it seems more like a testing action by the SEC to ferret out how powerful their reach is going to be in the crypto world". Obviously the situation isn't over yet, but I still maintain that thought, unless some new information from the SEC comes to light that reveals something huge. Which I doubt.
I posted a chart on March 31 showing a medium-term trendline that had just become support again. Interestingly enough, after the price dropped through it once more, it just acted as resistance again! We now have a tight pennant forming with a short-term trendline that started around April 8. It could break out in both directions, with a slightly higher probability of it breaking to the upside. As the pennant appears above a flat base (59.4k), the move could be a large one according to Bulkowski. (I stripped the chart of most other lines to increase clarity.)
Meanwhile in tulipbulb land. My 4 main crops are doing great and very healthy. This is my LONGTERM STYLE OF INVESTING. The paltry index funds have a lot of catching up to do, welcome to my world. STONKS are for suckers, CRYPTO is the new daddy. You can shoot back 1 page to see my previous results
