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Bitcoin / Cryptocurrency Discussion (And Predictions)

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by James Fend, Nov 8, 2017.

  1. LifeTransformer
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    LifeTransformer Silver Contributor Read Millionaire Fastlane Speedway Pass

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    What's this based on?
     
  2. James Fend
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    James Fend Gold Contributor FASTLANE INSIDER Speedway Pass

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    How most major corrections usually trend out from a big long bear. But crypto proved me very wrong this time. I do think a major sell-off is still in the sights from bag holders who bought in at the $10k "bottom", but again, I've been really off so I'll prob just trade solo in-house for a few weeks.
     
    Last edited: Feb 12, 2018
  3. MMatt
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    MMatt Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    I have been following crypto obsessively for the last two months.

    I am following multiple well known crypto traders, and long-term investors on various social media outlets.

    What i have learned is that crypto has yet to follow any short-term technical analysis or predictions from anyone I follow, regardless of their amount of knowledge or experience in the markets.

    Moral of the story is buy low sell high, or hold long term. Keep it simple unless you are trading successfully over, and over, and over.

    I personally sold a bit early when bitcoin was recovering from the bottom. Waiting on the sidelines for another dip before locking in all of my long holds. Or should I say I am sitting on the sidelines "hoping" for another dip.
     
  4. ljb7
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    ljb7 Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    @TinyTim

    I made an interesting VEN discovery yesterday. I know you're filling your bags so thought you'd find this interesting:

    I went back on the charts and located 4 big news announcements. I wanted to get a TA perspective on 'Buy the rumour, sell the news'. Well what I found was really interesting.

    After each big announcement was made, price action ALWAYS retraced back to the 61.8 fibonacci level before continuing its uptrend. Check it out.

    Granted, we can't say for sure it'll happen again, but it sure as hell gives me a better idea of where to reenter as opposed to just winging it!
     

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    AgainstAllOdds, windchaser and Yoda like this.
  5. James Fend
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    James Fend Gold Contributor FASTLANE INSIDER Speedway Pass

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    @farmer79 - at the summit? What ya wearing today? Im here scanning everybody for somebody that might be into farming lol
     
  6. bringitnow28329
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    bringitnow28329 Bronze Contributor Speedway Pass

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    Lol this is not a big discovery... Fibs work in all asset classes and on all time frames from stocks, bonds, options, forex, futures and cryptos.

     
  7. ljb7
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    ljb7 Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Oh really? I thought fib levels were made just for Vechain...
     
  8. farmer79
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    farmer79 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    No unfortunatley not, had a ticket but I had something come up on Monday on the farm that made it impossible to get away. Very sorry to miss. Sounds like I missed a great event.
     
    Xeon likes this.