fellow gamblers!
This chart shows that media is creating fake news as usual. Here is the link for the news www.marketwatch.com/...-lee-says-2018-05-08 .
In this article, they don't show how much price has dropped after the event. To exaggerate the event's effect, they also look at the post-event effect that you cannot measure objectively.
I am here looking at the BTC price during the event, and a few days after the event.
September 10 2015: no tangible effect (trend continuation)
May 2nd to 4th 2016: no tangible effect (trend continuation)
May 22nd to May 24th 2017: $712 price up, followed by $880 price drop (trend continuation)
So, my conclusion is that there is no provable correlation between this event and BTC price. If we see price going up during next event and dropping after it, it would be the second time in a row and we can conclude that Consensus event is getting more important over time. Then, we need to watch for the huge drop after each event.
You can zoom in the chart by dragging the time scale at the bottom to see for yourself.
I may be missing something here and I would be glad to hear your feedback.
Please like if you like to see more analyses of this kind.
/Monkey :D RRRuuuuuuuuuffy
This chart shows that media is creating fake news as usual. Here is the link for the news www.marketwatch.com/...-lee-says-2018-05-08 .
In this article, they don't show how much price has dropped after the event. To exaggerate the event's effect, they also look at the post-event effect that you cannot measure objectively.
I am here looking at the BTC price during the event, and a few days after the event.
September 10 2015: no tangible effect (trend continuation)
May 2nd to 4th 2016: no tangible effect (trend continuation)
May 22nd to May 24th 2017: $712 price up, followed by $880 price drop (trend continuation)
So, my conclusion is that there is no provable correlation between this event and BTC price. If we see price going up during next event and dropping after it, it would be the second time in a row and we can conclude that Consensus event is getting more important over time. Then, we need to watch for the huge drop after each event.
You can zoom in the chart by dragging the time scale at the bottom to see for yourself.
I may be missing something here and I would be glad to hear your feedback.
Please like if you like to see more analyses of this kind.
/Monkey :D RRRuuuuuuuuuffy
Comment:
Allan Masters has a totally different idea and he may very well be right. It's worth checking his idea. The coins he mentions most likely will get a bounce during the even, but as I said before, be prepared for after event dump.
Comment:
Comment:
Three hours left to Stellar's announcement and this is the state of the market. I have a hard time believing in positive effects of this event on the market. I will be patient and wait until they make their announcement. Still I have some hope left.
Comment:
So patience finally paid. Market is going up.
Zec is listed on Gemini and it's mooning, watch out for the dump.
Here are some of the coins that are gonna be promoted in the event. Soz for the colors, didn't have time to change them. Alt/USD pairs on the left are all listed on Bitfinex and with relatively large market cap. Coins on the right are not listed on Bitfinex, has relatively small market cap and most are listed on Binance. They seem to be in a better shape than the ones on the left. Don't know why!
Zec is listed on Gemini and it's mooning, watch out for the dump.
Here are some of the coins that are gonna be promoted in the event. Soz for the colors, didn't have time to change them. Alt/USD pairs on the left are all listed on Bitfinex and with relatively large market cap. Coins on the right are not listed on Bitfinex, has relatively small market cap and most are listed on Binance. They seem to be in a better shape than the ones on the left. Don't know why!
Comment:
So the second day daily candle closed decisive red. First one was also (doji) red. Weekly candle leading to the event also closed decisive red. Regardless of what happens in day 3, we can conclude that this event does not have a provable correlation with BTC price. Of course, we can't deny that some coins got pumped during the event. Without insider knowledge, it won't be easy to figure out which coin will get pumped in each year's event.
Comment:
... and that ladies and gentlemen was the effect of Consensus on Crypto. A weekly red leading to the event and 3 red candles for each day of the event. Some of the alts on Binance seem to be affected by the event tho.
This idea is now closed. Please like if it was useful for you.
This idea is now closed. Please like if it was useful for you.
Comment:
Just as I predicted, now they r comin with excuses to explain y Consensus didn't have any effect. They won't give up.
One of you mentioned Tom's prediction in the comment before the event and here we go. Tom can make wrong predictions so don't hope for BTC to moon cause he said it will.
www.ccn.com/fundstra...om-lee-explains-why/
One of you mentioned Tom's prediction in the comment before the event and here we go. Tom can make wrong predictions so don't hope for BTC to moon cause he said it will.
www.ccn.com/fundstra...om-lee-explains-why/