There’s a death cross coming in Bitcoin in the next days/weeks. It’s going to crush the whole sector. Just look what happened when that happened after the 2014 peak.
Hope for a Black Swan. Unknown Unknowns. Or Known Unknowns for the few that might know them. Likely unrelated to crypto… Otherwise, it’s going to be a altcoin apocalypse. Hopefully, MAID will at least gain marketshare in the fall and the Maidsafe team has fiat to make it through the home stretch. Can Humpty Dumpty be put back together again?
It was a screenshot of the video. There were lots of configurations being looked at because traditional metrics seem to more accurately apply in crypto when looked at from an accelerated timetable, according to some. That said, I could have been more precise about the screenshot. Regardless, the context of that conversation is still the same: as those peaks from late 2017 get taken out of the average, the shorter average, albeit 30 or 50, is going to turn downwards pretty dramatically.
I see some other fundamental and policy items that could be positive, but I’m unsure about a net positive when the TA is applied. Who knows? Just more grains of salt.
Charts and theories, for markets with lots of traders - they are kind of a self fulfilling prophecy as many people follow the same rules. Probably should pay attention to this.
Yeah, I agree. I don’t think in general that anyone can predict markets because markets tend to move with the trend, random and with macroeconomic news. But if every one hitting the sell button on a death cross then the market collapses but if there is ok macroeconomic news it might just go the other way around. From economic education I’am a firm believer of the “Efficient market hypothesis” (EMH).
Only exception is the " @Zoki coil effect" (ZCE).
EHM (Eugene Fama, Nobel prize winner).
Strong markets = Not Insider or Fundamental analysis works
Medium Strong markets = Insider information works but not fundamental
Weak markets = Insider and Fundamental analysis work
(Technical analysis don’t work even in weak markets.)
But it don’t hinder anyone from getting lucky in the short term.
Exchange traded fund(s) (with insurance to please regulators) might act as a catalyst for next bull market?
We shall see in the next few months whether it gets “approval”
Good one, Joshuef, you are right ofcourse. Even though the economics prize maybe isn’t the most solid one or an actual Nobel prize, they are usually smart cookies and I think that I have to believe at least some of them until someone disprove their theories.
I have been heavily trading maid on polo but the liquidity pool is just dead. Even a position as small as 20 btc has been a struggle to close positions on. This is going to make it very hard to get through the 6k range any time soon. :-/
Even though the economics prize maybe isn’t the most solid one or an actual Nobel prize, they are usually smart cookies and I think that I have to believe at least some of them until someone disprove their theories. 