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!
Embarrasing price calls by the local idiots, wrong on crypto, wrong on AMD - obsessing on tea leaf readings and ignoring the writing on the wall (struggling Intel, prolific AMD) - Dunning–Kruger effect - Wikipedia
Embarrasing price calls by the local idiots, wrong on crypto, wrong on AMD - obcessing on tea leaf readings and ignoring the writing on the wall (struggling Intel, prolific AMD) - Dunning–Kruger effect - Wikipedia
The trend of BTC looks decidedly down to me. The 200-dma has even started to roll over, which is not a good sign. It may take an intense sell-off before it bottoms out; perhaps an RSI of 10 like we saw in Nov 18 (see lower chart).
In early summer, there were many calls for $20-30k by year end and even one or two pundits predicting $100k. Of course, there are still 2 weeks to go so I suppose it's still possible.
Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.
The trend of BTC looks decidedly down to me. The 200-dma has even started to roll over, which is not a good sign. It may take an intense sell-off before it bottoms out; perhaps an RSI of 10 like we saw in Nov 18 (see lower chart).
In early summer, there were many calls for $20-30k by year end and even one or two pundits predicting $100k. Of course, there are still 2 weeks to go so I suppose it's still possible.
Who are they? No expecting anything like that until Spring. The price action we're now seeing is nothing. +/- £2-3k are rounding errors compared to what's coming.
The month long chart tells us we're at an ideal time to fill your bags. The whole of the internet is bearish. Just you wait, when price tops out you'll have folks on here looking to take a position. Same old same old.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Comment