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Speculating in cryptocurrencies: A rough approach
Rank: Member Joined: 1/1/2011 Posts: 396
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mnandii wrote: Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s People don't look at "shapes" when they are losing their life savings or borrowed money. This rout is unstoppable.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? Never lose your position in a bull market,BTFD.
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. I work so I can afford the amount of alcohol required to continue going to work
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Rank: Member Joined: 1/1/2011 Posts: 396
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Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. 
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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jmbada wrote:Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. Hehe...pepo! Never lose your position in a bull market,BTFD.
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Rank: Member Joined: 3/26/2012 Posts: 830
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jmbada wrote:Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. If that is your assessment, why don't you take a short position on BTC. The average wazuan and most retail traders believe that there is only one way to make money by going long. This is false because you can use futures to profit from falling prices as well. You should make money whether the prices are rising or falling, as long as they are trending strongly in one direction. Personally, I don't care whether we are going to $500 or $50,000. Either way, I make money. The only thing that sucks is when the market moves sideways for long periods. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 1/1/2011 Posts: 396
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S.Mutaga III wrote:jmbada wrote:Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. If that is your assessment, why don't you take a short position on BTC. The average wazuan and most retail traders believe that there is only one way to make money by going long. This is false because you can use futures to profit from falling prices as well. You should make money whether the prices are rising or falling, as long as they are trending strongly in one direction. Personally, I don't care whether we are going to $500 or $50,000. Either way, I make money. The only thing that sucks is when the market moves sideways for long periods. To paraphrase Warren Buffet, shorting is illogical particularly because your possible loss is infinite. If you are long, your losses are capped at zero. If you are short, there is no cap on how high they price of your shorted investment can go.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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jmbada wrote:S.Mutaga III wrote:jmbada wrote:Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. If that is your assessment, why don't you take a short position on BTC. The average wazuan and most retail traders believe that there is only one way to make money by going long. This is false because you can use futures to profit from falling prices as well. You should make money whether the prices are rising or falling, as long as they are trending strongly in one direction. Personally, I don't care whether we are going to $500 or $50,000. Either way, I make money. The only thing that sucks is when the market moves sideways for long periods. To paraphrase Warren Buffet, shorting is illogical particularly because your possible loss is infinite. If you are long, your losses are capped at zero. If you are short, there is no cap on how high they price of your shorted investment can go. Warren Buffett amepitwa na wakati. Cryptocurrency world doesn't obey his quotes. Hizo quotes zake zipeleke securities exchanges particularly stocks but as for virtual currencies Warren Buffet will remain irrelevant for decades to come. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 1/1/2011 Posts: 396
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Spikes wrote:jmbada wrote:S.Mutaga III wrote:jmbada wrote:Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. If that is your assessment, why don't you take a short position on BTC. The average wazuan and most retail traders believe that there is only one way to make money by going long. This is false because you can use futures to profit from falling prices as well. You should make money whether the prices are rising or falling, as long as they are trending strongly in one direction. Personally, I don't care whether we are going to $500 or $50,000. Either way, I make money. The only thing that sucks is when the market moves sideways for long periods. To paraphrase Warren Buffet, shorting is illogical particularly because your possible loss is infinite. If you are long, your losses are capped at zero. If you are short, there is no cap on how high they price of your shorted investment can go. Warren Buffett amepitwa na wakati. Cryptocurrency world doesn't obey his quotes. Hizo quotes zake zipeleke securities exchanges particularly stocks but as for virtual currencies Warren Buffet will remain irrelevant for decades to come. What are you talking about? The math is straightforward. What if you short Bitcoin and it hits 200,000? If you go long your max possible loss is like 6k. Is that equation too difficult to comprehend?
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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XRP has recently shown more strength than the KING himuselof,BTC is staring sub 5k...ETHER went over the cliff.Am slowly UNTETHERING. Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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mamilli wrote:XRP has recently shown more strength than the KING himuselof,BTC is staring sub 5k...ETHER went over the cliff.Am slowly UNTETHERING. How are the charts in here? Muliambiwo lakini ama? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Angelica _ann wrote:mamilli wrote:XRP has recently shown more strength than the KING himuselof,BTC is staring sub 5k...ETHER went over the cliff.Am slowly UNTETHERING. How are the charts in here? Muliambiwo lakini ama? I follow a couple of chartists,close to 90% called 6k the bottom,others like @muststopmustard,@ToneVays,@woonomic etc maintain BTC will touch 3k,so far the minority have their calls spot on....Am no swing trader,however I don't mind good entry points,as such TA interests me to that extent. Never lose your position in a bull market,BTFD.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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In church, I will  for the ulcers to go away. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Angelica _ann wrote:In church, I will for the ulcers to go away. It will produce many Mathare cases globally very soon, 700billion USD loss to date! Makenge wamchinjwa kweli kweli, i also pray for them to recover quickly, problem is they are still in denial, global counselling needed! A New Kenya
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Much Know wrote:Angelica _ann wrote:In church, I will for the ulcers to go away. It will produce many Mathare cases globally very soon, 700billion USD loss to date! Makenge wamchinjwa kweli kweli, i also pray for them to recover quickly, problem is they are still in denial, global counselling needed! This thing hasn't even crashed yet..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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jmbada wrote:Spikes wrote:jmbada wrote:S.Mutaga III wrote:jmbada wrote:Ryko wrote:mamilli wrote:lochaz-index wrote:mnandii wrote:Bitcoin is falling in wave e of a triangle. Once complete somewhere above $6183.00s (the red line), expect bitcoin to thrust upwards above 6540s and beyond. Bitcoin should have a rossy picture onwards to 2019 and should go above $10,000.00s Still tanking. Sub 6000 already. Last year's parabolic rally is yet to fully correct. Now at a quarter of the 2017 high and falling on increasing volume... At the current prices,BTC retracement from ATH is circa 70%.Strictly on a TA persepective,to what levels do you think BTC will fully correct? BTC has hit a cool "80% retracement" before actually severally.... it is very possible to hit 80% but will not stay at those low levels for long. Prepare for it mentally. Yes. It might not stay at an 80% retracement....it could go lower. If that is your assessment, why don't you take a short position on BTC. The average wazuan and most retail traders believe that there is only one way to make money by going long. This is false because you can use futures to profit from falling prices as well. You should make money whether the prices are rising or falling, as long as they are trending strongly in one direction. Personally, I don't care whether we are going to $500 or $50,000. Either way, I make money. The only thing that sucks is when the market moves sideways for long periods. To paraphrase Warren Buffet, shorting is illogical particularly because your possible loss is infinite. If you are long, your losses are capped at zero. If you are short, there is no cap on how high they price of your shorted investment can go. Warren Buffett amepitwa na wakati. Cryptocurrency world doesn't obey his quotes. Hizo quotes zake zipeleke securities exchanges particularly stocks but as for virtual currencies Warren Buffet will remain irrelevant for decades to come. What are you talking about? The math is straightforward. What if you short Bitcoin and it hits 200,000? If you go long your max possible loss is like 6k. Is that equation too difficult to comprehend? @jmbada choose your online fights carefully..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Just checked the price after a long time @3,756 Bitcoin is beyond prayers. Burning to recognition is the way here!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Angelica _ann wrote:Just checked the price after a long time @3,756 Bitcoin is beyond prayers. Burning to recognition is the way here!!!!
Kudos mami. You called it out all along.. A fraud, a ponzi..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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