MISC Crypto Crew (MCC) Vol XI: The sun is rising, proceed with caution.

[Hamzzza]

divergences use candle closes not wicks, there is no divergence there

Disagree. From baby pips cheat sheet.

[img]https://bpcdn.co/images/2016/05/grade11-hidden-bullish-divergenceg]

I'd agree with this one, especially if you use candle close as your input on your indicator (and that's the standard for RSI and most others)

[johnnyboi123]

fuark fellas, losing value in fiat but accumulating more ****coins and ETh by day trading little at a time. Hopefully, some day if/when the market turns around, it'll mean something.

[Deezenutz]

fuark fellas, losing value in fiat but accumulating more ****coins and ETh by day trading little at a time. Hopefully, some day if/when the market turns around, it'll mean something.

Tmrl, can't tell if feelsgoodorbadman


Brahs that are saying btc dropping below 6k, are you sure? On the one year chart there seems to be pretty strong support around this area

[BDSMBBW]

I'd agree with this one, especially if you use candle close as your input on your indicator (and that's the standard for RSI and most others)

So this is the correct way to draw trend line for divergences?

[RespectYourself]

Just look at these fkn clowns:

https://mashable.com/article/blockch.../#rvwieuW78Zqu

The cruise ship wasn't big enough for the both of them.

On September 10, somewhere in the Mediterranean, two well-known rivals in the cryptocurrency space stood awkwardly poolside. A crowd, sporting a mix of cryptocurrency-themed t-shirts and bikinis, lounged nearby on the ship's upper deck. One man, sweatpants sloshing in the water, steadied a tripod. The Bitcoin versus Bitcoin Cash debate was about to begin.

It only took 37 seconds to spiral out of control

The CoinsBank Blockchain Cruise, chartered to take cryptocurrency die-hards from Barcelona, to Monaco, to Ibiza, and then back, was in its fourth day, and a highly billed event had managed to drag a few likely hung over attendees out from their below-deck cabins. Jimmy Song, a venture partner at Blockchain Capital LLC, was to argue the relative merits of Bitcoin (BTC). Early Bitcoin adoptee and Bitcoin Cash evangelist, Rover Ver, was to speak on behalf of Bitcoin Cash (BCH).

[Mythenthefang]

Just look at these fkn clowns:

https://mashable.com/article/blockch.../#rvwieuW78Zqu

cringe

luckily bitcoin doesn't need a leader, it works anyway

and bcash can go die in a fire like the chitcoin it is

[lordpatrick]

So this is the correct way to draw trend line for divergences?

Yes, it goes up but the buying get weaker and weaker. If you look at the past, the divergence almost ALWAYS works

[Mythenthefang]

The ETH bear market dragged OMG down so low jeebus

Tempted

Also any bros still sleeping on ELA ... WYD

[BDSMBBW]

Yes, it goes up but the buying get weaker and weaker. If you look at the past, the divergence almost ALWAYS works

Ah got it! Thanks! Well im pretty bearish now. Im hoping we can get some weak bounce at 5800!

[DSTEE]

Still some way to go bois







10 moths later

[Trapstar4.4]

The ETH bear market dragged OMG down so low jeebus

Tempted

Also any bros still sleeping on ELA ... WYD

Damn it might drop below 7. I need to find more fiat

Actually tempted to let my btc holding to get more. Ot Ups my risk but I think it's worth it. Elastos had a night future. That beautiful supply

[BDSMBBW]

Guys yet another quick question.



This was the regular bullish divergence that formed on 6th sep - 8th september. This was a bullish reversal signal..So the reversal was just the movement from 6.1 k - 6.6k? Do reversal divergences show up on such a small reversals?

[luckynrslevin]

wake up guys we bull now

[HeBrewHammah]

I got short term up to 6600-6800 area.

[gixxer0.6g]

I got short term up to 6600-6800 area.

I hope so but I'll believe when I see it. Buying power gets weaker and weaker each week

[HeBrewHammah]

I hope so but I'll believe when I see it. Buying power gets weaker and weaker each week

Oh don't worry, I think it will come back down again as well. lol

[Trapstar4.4]

damn auto correct absolutely fcked my last post

anyway, nice pump. lets go ahead and move up before the delayed ETF annoucement. soon im either going to consolidate some alts in to BTC, or move into cash. brace for impact then jump right back in

[gixxer0.6g]

Nano, I see you. Now go run free and make gixxer some money. J/k. Trading alts in a bear market is suicide. But I've been watching you and impressed this last month

[HeBrewHammah]

damn auto correct absolutely fcked my last post

anyway, nice pump. lets go ahead and move up before the delayed ETF annoucement. soon im either going to consolidate some alts in to BTC, or move into cash. brace for impact then jump right back in

When is it exactly?

[Trapstar4.4]

When is it exactly?

deadline is 9/30 which is a Sunday.
But they have been dropping the verdicts at least a week earlier. It will def come down some time next week. If not the end of this week.

The good news is that after this rejection ETF talk can go into the background until next year. I'm tired of the constant disruption. See if we can get a run to end the year in route for positive ETF news in February

[HeBrewHammah]

deadline is 9/30 which is a Sunday.
But they have been dropping the verdicts at least a week earlier. It will def come down some time next week. If not the end of this week.

The good news is that after this rejection ETF talk can go into the background until next year. I'm tired of the constant disruption. See if we can get a run to end the year in route for positive ETF news in February

I see. I think I read the Winkleho's were going at it again too. lmao

edit: Buy orders are getting bigger, makes me wonder...

[Silencespeaks]

deadline is 9/30 which is a Sunday.
But they have been dropping the verdicts at least a week earlier. It will def come down some time next week. If not the end of this week.

The good news is that after this rejection ETF talk can go into the background until next year. I'm tired of the constant disruption. See if we can get a run to end the year in route for positive ETF news in February

Do you mean that it will get delayed or that it will get rejected?

[gixxer0.6g]

Do you mean that it will get delayed or that it will get rejected?

There isn't a hookers chance in heaven it getting approved. Especially with all the bitmex ****ery lately.


I think 6400 is as good as we're going to get short term. I've got an underwater long I'm trying to get rid of. I'll start selling if we make another run at 6400.

[HeBrewHammah]

There isn't a hookers chance in heaven it getting approved. Especially with all the bitmex ****ery lately.


I think 6400 is as good as we're going to get short term. I've got an underwater long I'm trying to get rid of. I'll start selling if we make another run at 6400.

I was expecting way more than a whole 100 bucks or so......lol

I do enjoy that BTC/ETH are back on the same page again though, makes it easier to sort out what's going on. Problem now is, if BTC drops....which Is great for us buyer types.


edit: I'm going to say we've not bottomed on Ethereum yet. idgaf what anyone says either. lol ETH rose and crashed about 3-4 times before the ATH run, each time, there were double drops back to back in the bottom formation. One.more.drop.

[gixxer0.6g]

Why will price almost always retest the low/high? It's great for catching the bottom and selling the top but I'm just wondering if it's human psychology or just tricks whales play to get a better entry.


ALso, BTC you are a weak kunt. Die

[jamalfudge]

Why will price almost always retest the low/high? It's great for catching the bottom and selling the top but I'm just wondering if it's human psychology or just tricks whales play to get a better entry.

All of the above, plus bots.

[Trapstar4.4]

There isn't a hookers chance in heaven it getting approved. Especially with all the bitmex ****ery lately.


I think 6400 is as good as we're going to get short term. I've got an underwater long I'm trying to get rid of. I'll start selling if we make another run at 6400.

yeah i would be insanely shocked if it got approved. somebody mentioned that it might get approved becasue the new SEC guy is fond of crypto. my thing with that it's even more reason to delay it given the fact that he is new. you dont come into a position making monster decisions willy nilly.
im sure they are happy to get extra time until february to make the call.

until then we get to see what the market will do to end the year.

[johnnyboi123]

remember when this thread used to get hundreds of replies in a few hours.

crypto is dead. Long live crypto.

[mrc19888]

remember when this thread used to get hundreds of replies in an hour.

crypto is dead. Long live crypto.

I've legitimately never had an easier time making money in crypto. The crazy price swings before got me so caught up in FOMOing into steep green candlesticks. And selling after a 5% loss in a day only to see it reach a baseline the next day and to buy even higher. It's literally a fuking joke how easy it is to make a few steady bucks here and there. And I mean like taco, milk, or beer money. I always wondered why I would chase trends when that's what 99% of investors do. It's quite simple really. When There's an absolute nosedive going on... sit on your hands. At the first sign of re strengthening try to scalp a half a percent and gtfo. Miss a 10% day and only got 1% who the fuk cares. You'll never catch one of those beautiful green dildos EVER but you'll never catch one of those entire red ones either. It's far easier in this market to catch a big red one that it is a green one. Makes sense to take what little you can and wait on it.

[johnnyboi123]

I've legitimately never had an easier time making money in crypto. The crazy price swings before got me so caught up in FOMOing into steep green candlesticks. And selling after a 5% loss in a day only to see it reach a baseline the next day and to buy even higher. It's literally a fuking joke how easy it is to make a few steady bucks here and there. And I mean like taco, milk, or beer money. I always wondered why I would chase trends when that's what 99% of investors do. It's quite simple really. When There's an absolute nosedive going on... sit on your hands. At the first sign of re strengthening try to scalp a half a percent and gtfo. Miss a 10% day and only got 1% who the fuk cares. You'll never catch one of those beautiful green dildos EVER but you'll never catch one of those entire red ones either. It's far easier in this market to catch a big red one that it is a green one. Makes sense to take what little you can and wait on it.

true, but the days of HODLing and making crazy gains are over...for now.
I've been day trading on coinbase pro, zero fees, it's not hard to make a few bucks with predictable ups and downs of the market.