Weekly review: Black gold, worthless shiny metal, Magic coins
Oil
Nothing special,
still waiting for it to go down further before I go long.
The trend is turning bearish for the next week(s).
Gold
Consolidated in a weekly IB for 3 weeks now.
Waiting for it to move before I do anything...
Bitcoin
Pretty glad I was right, it went down HARD as I haev been repeating, the 10 June exactly.
Some people are saying now we go up, but it is dumb, there is no reason to believe such a thing.
Remember what Vitalik said:
"It’s the luck of the draw, where everyone who won the draw seems to feel like they deserved it for being smarter. I was loyal and I was virtuous and I held through and therefore I deserve to have my five mansions and 23 lambos!"
If by some miracle the ponzi goes up, they will think they are very smart & keep making the same dumb mistakes.
I am not going long on 6600$, I wanted to a while ago, but all things considered, now it does not look like a good trade.
We are now below the moving averages, below the last bullish trendline (till 3000), If we go up retest that trendline as resistance, it will be an area to short.
I will only long if we reach the log correction trendline that I think it sitting at around 6000 now.
Anyone that went short around 8000$ with me a couple days or weeks ago to build a comfortable hedge is now totally relaxed and free to go long with zero risk.
Ethereum
The web 3.0 prototype that does not work (yet?).
Just waiting. Can this thing scale or is it doomed from the start?
I can easilly imagine a future where we are using an improved internet and there is a global currency for that internet, and Steam stops scaming europe with their 1$=1EUR prices.
Credit cards & paypal are ok, but there's more than just EUR and USD currencies in the world, would make it simplier for alot of people.
Anyway, these platforms have a very very long way to go before turning into something, and similarly they have a very very long way down to go regarding the price.
Going to be a while before it hits a serious support, and another alt might be more interesting.
Litecoin
This ponzi is going to hit the ground, but on 50$ - depending on several factors including where BTC at - it should bounce hard probably. Will overcut it.
NEO
15 bucks guys.
LISK
Been a while since I checked Lisk.
I do not think my target of 5 dollar and below is too crazy now anymore :D
XRP
Strong resistance 30 cents ==> Should be support now.
TRON
Oh TRON will not be mooning. Target ZERO.
:)
There are more I could make fun of, but that is enough for this week.
Nothing special,
still waiting for it to go down further before I go long.
The trend is turning bearish for the next week(s).
Gold
Consolidated in a weekly IB for 3 weeks now.
Waiting for it to move before I do anything...
Bitcoin
Pretty glad I was right, it went down HARD as I haev been repeating, the 10 June exactly.
Some people are saying now we go up, but it is dumb, there is no reason to believe such a thing.
Remember what Vitalik said:
"It’s the luck of the draw, where everyone who won the draw seems to feel like they deserved it for being smarter. I was loyal and I was virtuous and I held through and therefore I deserve to have my five mansions and 23 lambos!"
If by some miracle the ponzi goes up, they will think they are very smart & keep making the same dumb mistakes.
I am not going long on 6600$, I wanted to a while ago, but all things considered, now it does not look like a good trade.
We are now below the moving averages, below the last bullish trendline (till 3000), If we go up retest that trendline as resistance, it will be an area to short.
I will only long if we reach the log correction trendline that I think it sitting at around 6000 now.
Anyone that went short around 8000$ with me a couple days or weeks ago to build a comfortable hedge is now totally relaxed and free to go long with zero risk.
Ethereum
The web 3.0 prototype that does not work (yet?).
Just waiting. Can this thing scale or is it doomed from the start?
I can easilly imagine a future where we are using an improved internet and there is a global currency for that internet, and Steam stops scaming europe with their 1$=1EUR prices.
Credit cards & paypal are ok, but there's more than just EUR and USD currencies in the world, would make it simplier for alot of people.
Anyway, these platforms have a very very long way to go before turning into something, and similarly they have a very very long way down to go regarding the price.
Going to be a while before it hits a serious support, and another alt might be more interesting.
Litecoin
This ponzi is going to hit the ground, but on 50$ - depending on several factors including where BTC at - it should bounce hard probably. Will overcut it.
NEO
15 bucks guys.
LISK
Been a while since I checked Lisk.
I do not think my target of 5 dollar and below is too crazy now anymore :D
XRP
Strong resistance 30 cents ==> Should be support now.
TRON
Oh TRON will not be mooning. Target ZERO.
:)
There are more I could make fun of, but that is enough for this week.
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