Probably one of the more promising cryptos, in my top 5 of alts. Wait for the longs to be wiped out for a potential bottom.
Forgot to add a strong SR @ $6. It probably will be the most strongest support, since it's already tested good, unlike any higher horizontal support line, but I doubt it will go there, $6 is pretty much a steal in my view.
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Another ponzi with gullible investors and 1.5 year of hype, we're just starting to selloff. Pepe Lmao
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Lol, enough gas in the network to propel rocketman in the ground.
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Lol, made this yday in my server before it happened, exact hit. Exit this crap before it collapses.
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What those tethers can do with your fiat money, lmao.
Only place where eth has started to pump is at finex, while every fiat exchange has almost ZERO buyvol and HUGE sell. That's another way to transfer tethers to fiat. Don't be surprised when exchanges become insolvent when you're last to exit, most likely happened with stamp in January when people couldn't withdraw for months when the bubble popped ;-)
Combine that with a shitcoin, where Arthur agrees should be 2 digits, you got the ultimate ponzi scam fueled by pnd and mt gox moneys.
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For people who don't believe this can go back to 1-2 digits, this ico traded at $0.33 and had never any retest at all. If you look at wyckoff, this is one huge distribution stage, all big profit still.
Don't be a fool thinking you buy cheap now, it can still tank 90% and then another 90%. Also don't compare it with btc, even btc retraced deeply in the beginning wiping out like 90-95% profits from memory and was always king when all alts were still going 1 year in bear when btc was already in bull.
I can see bigger bounce at $198-$212 and a potential bottom high 1 digit to mid 2 digits, so I agree with Arthur that this shitcoin will most likely see 2 digits within a year.
I'm giving my opinion here for alts as many people in the past, including me, lost a lot of coin thinking it cannot drop further for alts, when it kept tanking and tanking, you definitely want to get out when btc enters the bear market.
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8 days straight positive funding and no end in sight, I don't see it turning around anytime soon other than if you're lucky some bounces in a tight range, one leg is missing down for this cycle.
Trade closed: target reached
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First target reached +185% on a 1:1, good game.
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Eth flash crash possibility increases on at least Bitfinex, longs getting to ATH, they keep averaging down, all the way from $800. This might be a dejavu of summer '17 when it went from $320 to $0.10. I don't know if those statistics are real or not, but it doesn't make sense. If people are truly that stupid to increase longs in a bearmarket and averaging down from already loss at -80%, then maybe they deserve to be wiped out from market.
Setting spot buys (cash) in the books at a few cents to 2 digits, just in case. If anything, most shitcoins have proven to be casino's in cryptoland.
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Funny market, no tethers to pump price and sell in fiat = dump. See chart.
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380k outstanding longs on ethusd, I expect them to be liquidated at loss, when and how far the flashcrash will go, I've no idea There is still over 70% eth left in wallets of ico companies. Enjoy the show.
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This market is sick. Finally when market feels more natural, manipulators come back. Don't need to say anything anymore about Tether, stablecoins and manipulators. Omnilayer back only, tether comes back to finex and binance and entire market pumps.
Yeah, even tether ceo said, without tethers, bitcoin price would never break 2k. When true price discovery, we haven't any since 5 years ago.
@bennyb3bil, I'm in crypto since 2013. You are newbie 2 months old... Need I say more?
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@cryptogast33, You've just committed a fundamental fallacy. You may want to look up Argument from Age / "Wisdom of the Ancients". One would think if you're such a veteran you wouldn't have lost so much on various exchanges recently. Common theme I found is you crying about it in your novellas of posts.
TradingView subscription date != time in reality. I won't give you the benefit of understanding how long I have been in this, but have never lost money b/c of 'exchange' issues as much as you have.... sounds like PEBKAC to me. I have read your posts and appreciate your effort, but after seeing the common theme I decided that your bias is so skewed it bordering the edge of delusion.
@bennyb3bil, Anxiety I see. Cya at the bottom after capitulation :D
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@MrRenev, So true. He's probably another mad troll for shorting his dreams of lambo :D If he was really a daytrader/scalper, he'd have known of exchange issues can mess up your profit or a losing trade, but he doesn't know :-)
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@bennyb3bil, If you swing trade you don't have issues with exchanges but if you trade frequently the "server down" "the system is currently overloaded" "natural" issues will trol you all day lol. Anytime you want to do anything ... react to something change something...
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@bennyb3bil, See, you proof me right again that you are totally new to crypto trading.
At which exchanges I lost coin to due hacks or incompetence? Here are the exchanges genius, you might want to google it up to verify:
- Mt Gox (stolen coins)
- Bitfinex (lost portion of stack due to "hack", they were only one having paid back whole using IUO)
- Poloniex (13% robbed of my coins, due to "hack")
- Kraken (many errors and downtime led to losses and many opportunities)
And a few smaller shady exchanges before Bittrex went big for the shitcoins robbed of most coin.
So much flaw in your 'fundamental' blablabla, it's all fact, it's all experience, the fact that you don't know anything of this proofs again you're new. And that's okay, but since you lack the knowledge and humbleness, you are on the losing side, I can bet that based on nearly 20 years experience in the trading world.
Based on your ignorance and hardheadness, you going to end up like the stupid troll who post the same style as you in my short at 10k (the top) chart, quote: "you're a moron man" holding bags now. Good luck, since that short almost net 100% profit on the short side * leverage. Same when people like you called me crazy bitcoin can be manipulated to 10k when it was 2k, when I said bitcoin bubble december, to short it, but no, your geniuses know best. What do the numbers speak in your portfolio? I have never ended a month in loss in crypto, all net profit.
Don't complain later on you were not warned. A fool and his money are soon parted.
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@bennyb3bil, And you don't even have the reading capabilities. Literally quote from my opening post:
"Forgot to add a strong SR @ $6. It probably will be the most strongest support, since it's already tested good, unlike any higher horizontal support line, but I doubt it will go there, $6 is pretty much a steal in my view."