Lumen (XLMBTC): RSI/stoch. analysis + watching weekly closeIndicators
Weekly RSI (orange bars) new lows week after week, now deeply oversold.
Weekly Stochastic RSI flat lined with D crossing K.
Together a good indicator for swing entry.
Not necessarily an indication for a price bottom (see my XRPBTC chart), but typically safer than any other rsi/stoch values.
Candles
Currently scary. Watching the weekly close - will hopefully close with a nice shadow. If next week closes with a reversal candle, like doji, pin bar or hammer, it would make it more interesting.
SCAM
Ripple (XRPBTC): RSI/stoch. analysis + weekly candlesIndicators
Similar to XLMBTC (see chart below). RSI continued weekly lows, very oversold. Stoch. rsi shows prolonged flatlining (becoming a record for Ripple). Price can go lower but a rebound is imminent in the coming week(s).
Candles
Still looking heavy. Reversal candle such as doji, pin bar or hammer on the weekly timeframe, together with RSI/stoch. values, would signal entry.
Monthly Time Frame also oversold.
Tesla complacency is over. Watch it crash and burn. Dumb scam.Can you imagine a Tesla bull say "evil big money they knew" when all this information was available to the public?
I would not be surprised actually. I don't get how clowns like this get involved.
Nyways this is the story:
Elon & Kimbal start in 1995 with a dot com company named Zip2, with money raised from a small group of angel investors.
They took advantage of the dot com bubble hype to rapidly become millionaires.
In March 1999, at the peak of the dot com bubble when irrational exuberance was off the charts Elon made 165 million $ from selling X.com one of the first online banks. It merged with another company that had a product named paypal. We do not know how much of X.com is into paypal. Elon gets kicked as a CEO because he has too many bad ideas and paypal goes on to become successful without him.
In 2001 Elon Musk starts SpaceX, another hype ponzi - er I mean company, that attracts alot of interest from the public.
All along the way Elon works on his personality cult.
In 2003 Tesla comes to existence. It is supposed to change the world, starts with luxury cars, then switches to cheaper ones. Lots and lots of hype around it.
The company has not had a profitable year since its creation, interestingly its r&d green budget is one of the lowest of all car companies.
2006: SolarCity, to have "clean energy" and "save the planet" hype hype. One of the world's biggest polluters. Who knows, we might all die from all the heavy metal they dumped in nature. Great. Disgusting.
Apart from that he started all kinds of hype projects. Dozens of them. He just likes throwing hype ideas around. That's literally all he did his whole life and became a billionaire for it. Throw around dozens of ideas start a business and then that's it. Nothing never gets done nothing ever becomes successful (unless his company merges with another one and he gets kicked as CEO). I am sure every one has had the pleasure to meet people like this in their lives "oh ye i'll do this and this and that" taking plenty of responsabilities, too much to be able to respect them, and of course nothing gets done.
Tesla is just another name for "Elon Musk reality show". It's all hype, and unsurprisingly it attracted all kinds of idiots.
I wonder how many "Bitcoin true believers" are also "Tesla true believers", I am curious to know if it is 99.7% or 99.8%.
The facts were available to every one. Company is trash. Complete scam.
The big whales have dumped on all these "true believers" fools, and once again, like every single time, the public is now rekt.
Every one knows how this work, yet, somehow "Nooo I won't sell 'they' want to buy my stock cheap". I don't even get it. Last 500 billion times it happened the same way. W/e.
EVERY TIME.
If someone wants to invest in EV, there are plenty others. And hybrids are really good, better. Guess what works? Taking it slow, one step at a time, and making sure everything works smoothly. Saying you want to go from 0 to 100 gets the public excited. Saying you want to build a colony on Mars gets the public excited. But the public is made of idiots, and changes have to be progressive. Hybrids are really good, the perfect compromise, and the first step. Some EV are great but really expensive as of now.
Once again, Elon bite off more than he could chew.
He can't help himself, he just loves to start futuristic stuff that is bound to failure: Gigafactory Hyperloop Hyperloop Neuralink.
And he spends his time seducing people, and when someone doesn't fall for it he gets angry. Typical. So funny. pretty sad too.
This is how it usually looks like
And zooming in on the bear part
Remember when Bitcoin broke the downtrend & had a golden cross and the bear market was over?
I'll end with just 1 word:
Theranos.
The dogs bark, the bears eat themHello, there is an arabic proverb that says "The dogs bark, the caravan moves along/passes".
Applies to crypto, as illustrated here:
Now, does anyone know what happens when you fire a bullet in the air?
Right, it first goes up at supersonic speed, then slows down, then tops, then falls back down, and it falls down much more vertically than how it went up.
Bitcoin as you can see, is following perfectly the laws of the universe.
I am trying to make such a curve for 2015, but there is a problem, I cannot make a legit one:
Try it yourself!
The only way for Bitcoin to be bullish is if it stays above this - and this is kind of a stretch very unprecise could not make it fit well:
Once it falls below, say good night. Long the dead cat bounce at 1500-1800$, then don't touch it till 600 at least.
Now that every one knows about this ponzi, and mainstream invested in it, there are no fools left to buy.
The fools in now are suckers that do not want to take risk, they want a "sure thing", they always behave like this,
and this is when things die. Just check their reactions every time they see a bear PROVE to them they are wrong.
Extreme hostility, and even more, they project their own fears "haha you are mad you missed out" "people will make
fun of you in 5 years", they are so scared of thinking differently to the herd and risking looking dumb. They actually
think every one is like them and trying to be a good sheep.
Bagholders in crypto keep saying because the price crashed twice in the past and then went up, it should go up again.
What kind of argument is that? Absolutely stupid. There are so many counter arguments.
And like it's the same situation now than 5 years ago... Rofl try harder.
The only way for crypto to go up now that my grandma knows about it, is for it to be adopted, still will not mean $250,000, not necessarilly 20k even.
Changes, new tech, in DARK AGES GOT ADOPTED FASTER THAN BITCOIN. So, what is holding it back so much in 2019? The Rotschilds? Lol nice one.
It is not getting adopted because it sucks! Plain and simple. It was getting some adoption 5 years ago because criminals could use it to hide, but now
the only people using it are dumb moronic bagholders that are heavilly invested in and want to convince the world Bitcoin is a real thing.
And do not forgot that early adopters have quit Bitcoin / do not believe in it anymore...
Very few people are calling for 0, might be unsure and scared of the backlash for making that call if they are wrong, and honestly, if they are right too.
I could not care less about attracting the hate of idiots that supported and enriched criminals for their own supposed selfish gain.
This time will not be different...
FET [Fetch.ai] Another Overpriced Scam-ICOIt is what it is!
ICO price was like 0.000022 BTC which is 0.0867 USD or 0.00858 BNB.
And what now?! You can see Price is just 5 times bigger than ICO price!!!
They will take their profits very soon!
I expect price drop over next few weeks, for like a 50% down move. Be careful here and manage your risks in any situation. Chances to go up is small like a 1/10 that it will go up...
On 5min chart we can see bearish divergence in price and RSI.
Good luck and have fun!
MITHRIL, EXIT SCAM? JEFFREY HUANG ARE YOU OK? It's a free market and it will be ok if we go zero?
Where is the bottom?
Who selling this levels?
Is this coin ok or going to next exit scam?
1/5 from ICO price now
Bitstamps LTCFor days now I have pointed out to Bitstamp that their LTC often takes minutes to update it's price. If one compares this to the performance of their BTC platform, which is accurate to the second, a striking difference is found. I have been left with the conclusion that Bitstamp was acquired by a cash poor entity, because it is simple latency, and it is now glaringly obvious that their LTC and worse, BCH platforms generate less money in fee's, and thus have been given a lower priority on what seem to be either inadequate or outdated servers. Shame on them ; it is an expression of capitalism, I'll concede that - BTC sales and to a lesser extent ETH sales have more trading volume than the LTC or BCH , are more expensive, and therefore generate greater profits for their company. I feel fooled and utterly overwhelmed by Bitstamp, which itself has pyramid like qualities , though many exchanges do base their fee's on your trading volume, coinmarketcap360 indicates 1. The absence of Bitstamp - which at first I found strange because prices are often referenced in bets , wagers and analysis visa vie Bitstamp - but as I scanned across the diverse map of exchanges I found Bitstamps fee's to be significantly higher than every other listed exchange. These fee's , along with what is now obvious priority routing for those currencies most subject to said fee's , are an outsiders only explanation of the piss poor performance of the LTC and BCH platforms, likely xrp as well - though people tend to buy XRP en masse. When I fall from the discounted fee tier I fought so hard to achieve, migration will occur. I have had enough.
Initially I was thrilled by their fee's, having migrated from coinbase some 8 months ago - anyone would be, the average american has a base fee before certain waivers of 4%, both ways. I will not discuss beyond mention the disgusting nature of their base platform for "beginners," or their failure on that website to mention gdax.com , which is coinbase Pro, which uses a maker taker formula and in some cases if you are patient and do post only , you may not have a fee. However it is important to note that Coinbase in every iteration are middlemen, as shown in their "aggregation" settings.
.25% is the initial fee on Bitstamp, and that is a high fee compared to many of the exchanges, if not all of those listed on coinmarketcap 360.
They charge such fee's, but cannot upgrade their servers and or bandwidth to allow for real time LTC and BCH trading? Is there an insider scheme at play here?? At it's best it is greed.
SUBSTRATUM HIGHER TIMEFRAMES DON'T LIEUltra bearish weekly chart on substratum.
Seller sold everything time before any delisting.
Stop dreaming, this is crypto.
BIO
SCHOOLS BRAINWASH OUR KIDSAs you can se price is at a very strong support level as marked out by the orange arrows, so we are expecting a bounce and a rally to the upside.
You see how simple trading can be? So why do schools not teach the tools you need for trading if they really want people to succeed?
That's correct because they want to brainwash you and hide you from making proper money so the government can keep you in line and control you.
You go to work to pay for a lovely house that you are never in because your always at work... just so they have you by the balls and you have to keep working to pay the government there tax's.
People are set up to fail from the 1st day they go school.
Open your eyes people and don't be a brain dead zombie like they want... P.S what do you think the government are putting in your tap water? i would go and do a bit of research if I was you.
Anyway we are long on this trade.... RANT OVER ;p
Bitcoin is going to "0"I've shorted my first bitcoin after a year of watching and waiting for the bear market to begin. When it broke down from 6k i figure I take out my life saving to short it on its way to zero because everyone will want to buy while accumulators over last year will be trying to get out of their underwater postion. Here I am shorting the 3550 level. Tone Vays said the deadcat bounce was over and that bitcoin will go to sub 3k now. Tyler believe bitcoin will go to $900 but I say "0". Bitcoin is a ponzi scheme based on zero fundamentals and it has no principle for being sound money. I have decided to close my SPX short and short BTC at 1.5x. Bitcoin will never actually overcome central banking because central banks have more money and people trust in their dollar that is backed by the faith of the US government and its people. BTC is backed by nothing and fully autonomous w/ market manipulators from CME shorting it lower and lower. Craig Wright also claims that Lightning Network is a ploy by Blockstream to keep the network cost of mining high. Bitcoin cant scale to the world. If bitcoin fails every other crypto will fall and the only thing thatll be left standing is ripple. Thats only because ripple isnt a scam like bitcoin. Well good luck my fellow bear, I also plan on longing the dollar with my profits because Trump is going to back the US. Dollar w/ gold.
Craig Wright's Asic Mining Company is Blowing Up, CEO resigned, There's a lot of weird details behind this Squire mining company. They are currently in talks with coingeek to buy/merge their mining farm of 1000TH into the company. apparently this is already up and running under the coingeek umbrella.
but there's also been another side company of squire that was claiming to have the most efficient bitcoin mining prototype on the market (claiming to be about 25% more efficient/powerful then the competition).
coingeek was supposed to be the one to market/promote these miners and sell them to customers.
but that all seems to be up in the air now since apparently, the miners, no surprisingly, are not up to spec.
as a consequence, the stock price for squire mining is now in the dumps down 25% on the day to 0.19 cents CANADIAN. It reached a high of 82 cents back in September...
And the CEO just resigned. the second CEO to resign in less then a year...
www.reddit.com
BITCOIN - A Hocus Pocus idea... (DON'T CLICK!)I Found this interesting....
December 17, 2017 - Start of downtrend
December 17, 2018 - Start of uptrend (I do not think BTC has hit the ultimate bottom)
Early 2018 I started to notice the market was pumping and dumping on the 5th of every month from Jan 2018 to May 2018.. The herd started to pick up on it after the May 5th dump and expected June 5th to be a pump month and it dumped (the herd is always wrong).
I will be keeping my eye on these dates for 2019 to see if we get some similar Fuckery.
The final crash. The final road to zero.ETCDEV, the startup that led development on Ethereum Classic, which is among the top 20 coins with a market capitalization of about $400 million, announced this week that it’s shuttering operations due to a funding crunch.
Joseph Lubin’s ConsenSys, one of the largest crypto-related software startups based in New York, said Thursday that its workforce will be reduced by 13 percent as part of a reorganization.
Many of the companies are suffering because they kept a portion of their funds in digital assets, whether in tokens they sold through initial coin offerings or in Bitcoin and Ether, which served as the preferred means of exchange in the crypto world (greedy bagH0DLing).
They’re not alone. In late November, Steemit Inc., which supports a site that pays content contributors for posts, said in a blog posting that it’s been forced to layoff nearly 70 percent of its employees.
Adult entertainment site SpankChain has downsized from 12 people to eight workers recently, according to a tweet from CEO Ameen Soleimani. That’s down from 20 employees and contractors in March.
Sirin Labs, for example, raised $158 million last year to create a mobile phone that allows consumers to trade and use crypto. The company, which will ship its first batch of a few thousand phones in December, is now considering abandoning hardware altogether and refocusing on shipping software for other phone makers to use, Chief Executive Moshe Hogeg said in an interview. Sirin now only has enough funds for six to 12 months of operations, he said.
From bloomberg.
And do not get me started on miners (Bitmain in particular).
The ponzi is over. RIP BagH0DLers.
It was all written. This outcome was innevitable. Anyone that ever opened a history book or has some common sense had to know this was how it would play out.
We won. They lost.
They bragged. They laughed. They called us uneducated morons that did not do our research. We kept going. They got destroyed and lost everything. We did not.
They were wrong. We were right.
They are bankrupt and have a grim future. We grew, and we smile as to what the future holds for us.
Should have listened.
ETC and the bitscamex manipulation Take look at this 62% wick to the upside on ETC ...This was price manipulation at it finest ,any short above 2x got liqudiated . Now you have been warned many times about tether and bitfinex this is another sign they are complete scam and soon will be shut down . These people should be in jail ,counting jail bars not your account money .You have been warned !
Ps ...this wick is extremly bearish, its singaling that this asset has more downside .NOT financial advise .DO your OWN research .