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Satoshi

High of the Quarter?📌 ridethepig | BTC High of the Quarter? A short iteration update here after the wild moves cleared the board and left a lot of confusion behind. The beauty of abstracting to volatility trading, or elasticity trading or trend following is that you take all of the noise in the inner waves out, and just trade time and probabilities . Well done all those who are already short from above and managed to book some profits on the test of 46,000. For those looking to add back to positions or jump in then all we need to do is trade in our window and capture the overlap. A daily closing below our $55/54,000 pivot is contentious and shows buyers are exhausting . A pullback towards the 42,000 Tesla breakout looks in imminent , before we can ultimately gather enough energy for another slingshot. Thanks as usual for keeping the feedback coming 👍 or 👎
COINBASE:BTCUSDShort
by ridethepig
31
ridethepig | Variation of Flow & Profit Taking📌 ridethepig | Variation of Flow & Profit Taking When in the much disputed variation of covering partial longs, we can look for some shorts to play the pullback towards +/- 48,000 of an incomplete (iv) in a 5-wave sequence. This point of view is based on a complete and understood notion in the concept of an underlying impulsive nature to the move. For this, we need to simply stick to the fib itself: the 261.8% has been our impulse target, so we need to track for signs of a turn which is the current situation at the top of our map. This is important and should be used as an area to do some profit taking/covering under any circumstances for those holding from way below. The significance of resistance here in a situation where we are at approximately 60% bull market in the macro chart is a (3) wave temp high inside a (5) wave sequence. As well as creating energy for another slingshot later in the year, it is intimately linked to the manoeuvre handled by sharp sellers outguessing a temp high. Thanks as usual for keeping the feedback coming 👍 or 👎
COINBASE:BTCUSDShort
by ridethepig
21
ridethepig | The Capitulation📌 ridethepig | The Capitulation Very little to update after a quiet European and NY play. Buyers are clearly in the superior position, as you all know, just a matter of time before we get the capitulation let now. A very quick leg towards $57,000 is in play , we have the open ladder after clearing 161.8% extensions and our enemy is without a shield. This is getting embarrassing for sellers. Depending on the decisiveness of the breakthrough in the swing, it can allow us to start moving our scope to six figures. Satoshi understood money over IP, he understood inelastic supply, he knew not to touch the wallet while outguessing the societal move towards a post trust world... a true genius. For those who haven't had the chance I would highly recommend digging into the old emails / forum posts. Thanks as usual for keeping the feedback coming 👍 or 👎
COINBASE:BTCUSDLong
by ridethepig
7
BTC Flirting to Break $50,000 📌 BTC Flirting to Break $50,000 This illustrates the perfect gift for valentines , but also touches on the problem of magical technical targets. An impulsive leg, avoiding the 161.8% target for our wave (iii) because it could lead to it being pinned by sellers. Now buyers are better than the textbook move for our , firstly when you think of development and secondly observing sellers and noticing that the boat is still not fully loaded to the long side. So a capitulation move towards +/- $57,000 is urgently required. Moreover, lets also consider 216.8% to be an easier area to defend than 161.8%. Admitting the weakness of sellers defence, worth considering that the path of least resistance is still to the topside. The threat is hard to find, only regulation will trigger the surrender (not expected to enter in play till summer 2021) and with a positional advantage here we must continue riding the pig . Thanks as usual for keeping the feedback coming 👍 or 👎
COINBASE:BTCUSDLong
by ridethepig
3
$57,000 in the Crosshairs📌 ridethepig | $57,000 in the Crosshairs Satoshi's vision is coming true... Trump impeachment noise going on in the background providing the ebb and flow while the reality beneath the political waves is that the more you clamp down on freedoms, the more the masses realise. There is a significant coming to consciousness occurring, the rate at which shoes are dropping for everywhere for people is remarkable. Tokyo are opening soon, and buyers are flirting to take the $50,000 crown with the leaps and bounds in mathematics. Tech is like.... meh... what underpins the tech is the math and that's what interests me... what we go with has to be decentralised, we need the innovations of Satoshi to take down barriers in a game of adverse incentives. Stay long, if we breach below the recent pivot level we can reassess. Thanks as usual for keeping the feedback coming 👍 or 👎
COINBASE:BTCUSDLong
by ridethepig
10
ridethepig | BTC Breaking to Fresh Highs📌 ridethepig | BTC Breaking to Fresh Highs Buyers taking the highs after the news, I have my eyes and now it is time to aim for the home run and initial ideal target at $47,500 - see the yearly close chart below. I managed to carry out some nice bids on the pullback although we failed to clear the $27,000 which was the well-known (C) target in our wave 4 pullback . Excellent moves, I hope this has been a healthy exercise for all to follow. The key now is to ride the momentum, here happy to hold longs while looking to add on a test of $41,000 as the most important pivot below should we see it... Unreal to think that $220,000 is in play for Q4 this year . Thanks as usual for keeping the feedback coming 👍 or 👎
COINBASE:BTCUSDLong
by ridethepig
2
IOTAHola IOTA is ma fave project IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things. and lets talk about targets, well 1 dollar is easy one... adiós
by amirsediq
1
The Infamous BTC Bulls Prepare to Test Bear's Strength @ $41.9KSmall charts under 1D have been extremely choppy which has made for a ton of liquidations on both sides of the market. I myself included. Thank heavens for risk management and stop losses. Zooming out to the 1D chart, we can see a much clear picture and pattern at play. The previous Leading Diagonal formation which I was expecting to play out, unfortunately has already occurred without my notice. Being that Wave 4/1 jumped into the area of Wave 1/1's price zone. Now that we're beyond the completion of Wave 5, we can expect the price to retest the very tip-top of Wave 1/1 (near $41.9K) This is essentially do or die for Bitcoin Bears (and Bulls alike; without $42K - the great reset is still possible). The current zig zag levels also point toward the $41.7K price tag. With A = $9641 in price, we can expect corrective Wave C to be near equality. Looking forward to seeing how this pans out. Still confident in the Big Bear :)
BITFINEX:BTCUSDShort
by DigitalSurfTrading
POTENTIAL TRADE SET UP FOR ETHUSD PLAN - Open a short position at 1314-1328 and set a stop loss at 1407. - Set Take profit price at: 1. 1256.60 2. 1127 3. 1052 - High risk but higher reward, 1:4 INFO - "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956. - HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL. - GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com - They might be waiting for the price to dump so they can buy the dip. SIGNING OFF, THECRYPTONIZER
DERIBIT:ETHUSD.PShort
by Thecryptonizer
ELON MUSK'S PUMP TRADE SET UPPLAN - Open a long position at 36000 with a stop loss at 33000 - TP positions: 1. 40000 2. 42000 3. 45500 - If the price does not reach our entry price then wait for a pullback from 40000 to 38000 to long again. (Will be updated later) INFO - Once price reaches to TP 1 change your stop loss to entry or Take Profit there. - Do the same for all the TP Positions, increase your stop loss to the previous TP. - High risk but higher reward, 1:3.5 SIGNING OFF, THECRYPTONIZER
COINBASE:BTCUSDLong
by Thecryptonizer
BTCUSD Is it possible 20k again ? Lets check daily chart...Hello, I know, I know I am risking myself to bulls, especially to those who have made purchases well above 30k (although probably not only). Let me just remind you that my bullish attitude reaches prices well above the last highs, and it is always worth having PLAN B After breaking above 20k, we didn't really have any retest from higher TF. After breaking 30k and a strong continuation of gains, a quick correction brought us back to 30k. This time bulls were able to hold 30k The latest bounce did not move through the previous highs and perhaps a 30k retest is underway again. There is a chance for another bounce, which % wise will be close to the first (see chart) ... And then possibly a drop below 30k under its own weight, and its size will be close to the biggest move after breaking 30k (see chart), which can easily lead us to the area of 20k. Possible shorts only after the second raise (failure under latest highs ) :)), and then breakdown below 30k at the end of the day Good luck
Short
by ForexClub_pl
1
A HUGE SCALPING POSTITION SET UP FOR ETHUSD NOW PLAN - Wait for the completion of the right shoulder formation to get into the trade. Those who wish to scalp can TP1 at 1056. - Those who wanna hold their position to the TP zone of the "HEAD AND SHOULDER" at 990, put your stop loss at entry once the price surpasses TP1. This trade would make a 850% profit. INFO - Huge volatility expected while breaking into the green box at 990. - If the price closes above the green box, then it is high likely that we are going up. Otherwise, we are still going to our target price. Signing off, THECRYPTONIZER
COINBASE:ETHUSDShort
by Thecryptonizer
8
The Value of the SatoshiI feel the Satoshi (Sat) is often forgotten about and think it's vital in valuing Bitcoin. Why? First a small recap: Bitcoin is a currency. 1 BTC = Sat 100,000,000 Total Possible BTC = 21,000,000 (Due about 2140) Current Mined BTC = 18,750,000 (approx.) Current BTC Price = $40,604.36 Current Sat Price = $0.00004060436 Take a look at the Sat price: $0.00004 ... Not much use to anybody right? Now if the value of the Sat was at $0.04 then on a day to day basis, it would be useful. Think in terms of the dollar and the cent or UK pounds and pennies. The numbers after the '4' are still needed for making microscopic valuations similar to 1000th of a cent and so on. So why is this important? Nakamoto picked the number of Satoshis to 1 BTC to be 100,000,000. A figure any higher would be a waste, save for mathematics the last digits would never be used (as a currency) and any smaller number and there would be a shortfall, the missing 10th of a cent so to speak ("Where's my missing pen top!") :) Incidentally, if the price of Bitcoin was: $1,000,000 then 1 Sat would equate to $0.01 ! With the above analysis I think we've still got a long way to go! :)
COINBASE:BTCUSDLong
by Paul_Erasmus