- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
-
-
Currently at just over 70% drawdown from the Nov ATH.
I wonder where it will finally end up in this ranking? (It was at #6 on 24 Jan)
Last edited by DealorNoDeal; 18 June 2022, 10:53.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
"Bitcoin - The Capitulation
BTCUSD/M2SL 0.88 −0.06 −6.40%
without_worries 14 hours ago
Just a quick publication to answer the numerous messages. The are all along the same line, is $12k coming? Such and such said $6k etc.
This is ‘capitulation’, it is a good thing. (AtW's comment: ) The market needs to flush out those weak hands to move on. Once they are gone, it’s over. To help put the bearish sentiment into perspective, the above monthly chart is Bitcoin over the M2 money supply, which has seen a 40% increase in supply since the 2017 Bitcoin top.
1) February 2019 and March 2020 both found support on the 200-month simple moving average . Currently price action is testing the 300-month SMA .
2) Here is a jaw dropping statistic. Since the 40% increase in money supply, Bitcoin is currently priced at a value of $11k. And that’s ignoring all the inflation of the past 5.5 years.
3) Did you read no. 2? In the last 5.5 years Bitcoin is of less value. Isn’t that incredible? Now ask yourself if this bearish sentiment is reasonable?
Zooming in a little closer to the dollar weekly chart the 200-week (red) and 300-week moving averages in consideration of February 2019 and March 2020 dates, you can see more easily how fast price action is approaching extreme oversold conditions. Currently more oversold than those past two events. In fact this is the first time ever a ‘incredible buy’ signal has printed on the weekly chart. Is there an astroid heading towards the planet? This is sentiment right now.
...
If you’ve made it this far, here’s a cheery statistic: Bitcoin price action on the above M2 monthly chart has never closed below the 200-monthly SMA . A 30% moved is required to maintain that statistic. Assuming money supply does not change massively in the next 12 days (Who know what the FED will do next week!), the dollar chart must close at a minimum of $25k by June 30th. (AtW's comment: )
Keep calm, switch off the computer - will be a very different picture come the month end.
"
More tulip from the source - https://www.tradingview.com/chart/BT...-Capitulation/
Comment
-
Meanwhile 6 days earlier...
"Bitcoin to $42k in 17 days ??
Even I don’t believe this, not for a minute. However, facts of the chart are telling.. and its spooky. Mulder level spooky. Very simple reasoning:
1) The 26-day EMA (green line) crosses down the 50-day SMA (blue line).
2) Price action falls to the 200-week moving average.
3) That’s it. We’re call this the ‘cross down’."
Source: https://www.tradingview.com/chart/BT...2k-in-17-days/
So that's $42k in 11 days from now, say 1st of July?Comment
-
Poor old scootie, can't catch a break with his "trading" and has now resorted to selling his worthless "investment advice".
If you want to try it out, $100 to the above Paypal address gets you 45 days access. Be sure to identify your tradingview name. Give me time to add you if I don't respond right away.
Love the fake nonchalance too, like the first $100 isn't going to pay his rent next month.
If only he'd use his own forecasts as a contrarian indicator, he'd be rich by now.Comment
-
-
Not anymore. Looks as if Trading View took a dim view of his financial advice:
Idea not available
We hid this idea because it violates one or more of our House Rules. Head back, or move along to the homepage to find a new way forward.Last edited by agentzero; 20 June 2022, 14:57.Comment
-
Originally posted by agentzero View PostIt's worrying that he mentioned before that he had the majority of his investments in bitcoin, including his pension.Comment
-
Originally posted by AtW View Post
Why is it worrying you?merely at clientco for the entertainmentComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment