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Fair enough , heh. I'll admit I've just been doing this whole crypto thing a little over 3 months now. Still trying to figure some things out which is why I bounce my theories places like here to be picked apart.
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
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Lol, I just thought it was a funny meme, not actual commentary on your analysisFair enough , heh. I'll admit I've just been doing this whole crypto thing a little over 3 months now. Still trying to figure some things out which is why I bounce my theories places like here to be picked apart.
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Daezuel
Potato del Grande
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Uniswap Poll Signals Strong Support for Putting v3 on Ethereum Scaler Arbitrum
The Snapshot poll votes are in.
- Arbitrum went live for developers today, giving them access to the layer 2 scaling solution. Arbitrum offers drastically higher transaction throughput than Ethereum, and gas fees that are up to 270 times lower.
Ethereum Scaler Arbitrum Is Launching Friday With Developer Support From Alchemy
The rollup platform from Offchain Labs is going live this week, with over 150 projects having requested early access.
So another optimistic rollup has entered the ring. (but there is no token for this one?)
BTC down around 36k but ETH at a decent 2400 and MATIC at 1.89. Uniswap is also doing well. Why aren't we throwing Uniswap into our hodlings?
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James
Ahn'Qiraj Raider
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I have small bag of Uniswap, so I've been following it for a few months now. If you look at the WETH/UNI pool on dextools.io, you'll see that it topped out at 0.02 in late March, and is currently at 0.01. I can't read the tea leaves as well as others, but the chart looks like it's rebounding to me right now so it might be a good idea. Currently there is no use case for the UNI token, so the price is entirely speculative.
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Edaw
Parody
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Belt Finance Victim of Flash Loan Attack in Latest Exploit of a BSC DeFi Protocol
Withdrawals and deposits are temporarily paused.
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Sanrith Descartes
You have insufficient privileges to reply here.
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Crypto seems to be as safe as non-crypto.
Belt Finance Victim of Flash Loan Attack in Latest Exploit of a BSC DeFi Protocol
Withdrawals and deposits are temporarily paused.finance.yahoo.com
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Tmac
Adventurer
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I like your analysis here. The only thing I'd like to see that you didn't provide is a more zoomed out view. For example when you refer to the "April correction" compared to the "May correction", I'd like to see your charting on it as it compares to what you're discussing above. Then, as an observer, I can take this info and do something with it.
I'm only cynical that the time frame (20ish days) is too short. And therefore I can't apply your theory to my own decisions. I'd atleast like to see your YTD chart alongside this one.
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That's kinda messed up but shows that we were still around 6% (5.9) shy of recovering from the correction that started on around Apr 13th when we dipped further... Although admittedly that was off an ATH, so I don't know how much we want that as a bar to measure against. Yeah, this is more looking at a time frame in hours/days more than weeks/month/years.
But zooming out some really accentuates the shift from "higher highs" to "lower highs" on each push, another technically bearish signal in the short term.
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Tmac
Adventurer
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Ah. This is the “head and shoulders” chart Sanrith posted earlier.
Sanrith Descartes
what are the implications of head and shoulder charts?
Sanrith Descartes
what are the implications of head and shoulder charts?
Arden
Blackwing Lair Raider
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Ah. This is the “head and shoulders” chart Sanrith posted earlier.
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Sanrith Descartes
You have insufficient privileges to reply here.
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Ah. This is the “head and shoulders” chart Sanrith posted earlier.
What Is a Head and Shoulders Chart Pattern in Technical Analysis?
A head and shoulders pattern is an indicator that appears on a chart as a set of three peaks or troughs, with the center peak or trough representing the head.
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Tmac
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What Is a Head and Shoulders Chart Pattern in Technical Analysis?
A head and shoulders pattern is an indicator that appears on a chart as a set of three peaks or troughs, with the center peak or trough representing the head.www.investopedia.com
It says it's specifically three peaks and troughs. The outside two also have to be close in height.
The BTC pattern is four peaks and troughs and the last peak is in between the first two, so is it not head-shoulders then? Or are they just describing it technically and it's open to interpretation?
And because I found this the most relevant:
"How can I use the head and shoulders pattern to make trading decisions?
The most common entry point is a breakout of the neckline, with a stop above (market top) or below (market bottom) the right shoulder. The profit target is the difference between the high and low with the pattern added (market bottom) or subtracted (market top) from the breakout price. The system is not perfect, but it does provide a method of trading the markets based on logical price movements."
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Arden
Blackwing Lair Raider
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Tmac
Adventurer
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Arden
Blackwing Lair Raider
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It's a pattern chart, similar to head and shoulders, reverse head and shoulders, etc. BTC is following the Wyckoff distribution pattern almost to a T.
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Tmac
Adventurer
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