BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
of this weekend the daily 100 ma will be violated and this pain in the ass triangle will be toast - a thing of the past. Smell you later. We may get a test of the weekly 21 ema . We may even violate it a bit given the fear reading. Stock to flow keeps jumping around -was up to 40k 2 weeks ago - now sitting at highs of said infamous triangle.

Nothing has changed. We are still in a bull market. BTC is still king. Gold and Silver are always to be respected and owned. Ripple is still an extremely viable, progressive, productive evolutionary crypto. Remember, BTC and Ripple have synergies together that folks seem to not want to talk about.

21 weekly ema it is. 100 daily ma violated. So be it. Palms out.

Wish we had a real crypto exchange to trade on. That would be nice. What is out there now is pathetic. What is to come soon will be average at best given their history. Not hating. Just stating fact. OTC blah blah blah. Every traded product on the planet should be forced on a viable, regulated, no wash trades, no spoofing, no fake volume , market maker facilitated exchange. OTC and block trades should not exist. it's bullshit. just sayin. Regulators....where are you?

Love is space and time measured by the heart. Listen to your heart.

Not, by any stretch of the imagination, trading advice.
Nice catch!
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"wish we had a real crypto exchange"...

shorting anything is counterfeit liquidity. one day the games will end and real assets can be traded on real liquidity, with real price discovery.
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oaksacorn gjmullen
@gjmullen, that would be nice. I have been working on it.
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Yes, just to be clear. The stock to flow multiple is between 9&10 as you point out. The Tradingview Bitcoin Model Value Based on Stock To Flow was in the low 40k region a couple of weeks ago. It is currently 12,064 in the above chart. I am not sure what is up with the level swinging around like that as I have not dissected the code. Apologies for being confusing. I only included it as I was wondering if anyone understood why it swings around like that. I probably should not bother with it - just found it curious.

With respect to BTC on the back of Ripple, I should have refrained from this comment at this point but threw it out there. In theory one could use the xrapid model where BTC is converted to XRP, then transferred over the XRP ledger and then converted back to BTC at the destination. BTC is then settled on the xrp ledger, its like holding USD in your bank account. The representation is there of the asset, you just dont hold if physically. You would eventually need to move it on chain if you decide to use the bitcoin blockchain. We may see innovations with ILP and the dex where one could exchange their BTC IOU on the xrp ledger for Bitcoin through ILP, without having to settle on ledger because one doesn't need to close the payment channel. ( ILP uses lightening to interact with bitcoin because it doesn't have native channels like xrp). I need to more homework on this.
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Thanks again oakscorn. 2 questions. What do you mean the stock to flow is jumping around and was at 40k 2 weeks ago. The stock to flow is around 10 for bitcoin, no?

Can you expand on the synergetic impact between BTC and XRP? Have never heard of anything like this.
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oaksacorn Johnsdad
@Johnsdad, Comments above. Thanks.
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oaksacorn Johnsdad
@Johnsdad, Also, buyers were coming in pretty good just above the daily 100 ma. So hard to say here. It may hold that level. That would be nice. I would be happy to be wrong about the bottom part of this triangle but I will not add to my position unless it does or unless we break out to the upside. I would rather see it hold and pay up for additional. Thanks.
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@ssari, nice job
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ssari oaksacorn
@oaksacorn, thx, I thought I share to agree with your points, just with other information to support it.
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