They don’t call me Mr Carborundum for nothing…
2 Likes
The chart is wrong.
The second point in the image shows a peak in April 2020 at about 3000 sats but in real life it peaks at 4000 sats.
You can see this error happening by zooming on the 1h bittrex MAID chart. Obviously a bug in the charts but it would significantly affect the TA.
Also the X axis is missing a huge chunk of delisted time, more than a year is missing. Zooming out on the bittrex site will show a long flat line between March 2018 and May 2019. You can’t reasonably draw a straight line between those peaks with a missing time period.
So … not really Technical and not really Analysis? I try to interpret posts in good faith but this is honestly absurd.
I would be interested to see you repeat that same TA with the correct chart and see what the future ‘really’ holds.
3 Likes
I do too and did notice the peak wasn’t being used. I hope everyone does the same and don’t act as if it is investment advice but rather what might be ahead from someone else’s perspective.
I can’t help but feel like everyone is trying to chase people posting charts away. Maybe it is out of care or protection for others here rather.
Idk. I think it’s harmless to share ideas but yes people should take it at face value.
3 Likes
Charts are a form of marketing and I think they’re fine to have (especially in this topic). But this level of objective inaccuracy needs to be called out.
I was pointing out a buy entry at the third yellow arrow which was touching the support line and thus a valid entry. Buy at support sell at resistance, that’s what technical traders look for.
2 Likes
This is without wicks, so there is a better understanding of where the main trend and its support is at. There is nothing wrong about this chart, you can view data in any way.
Secondly, flatline on Bittrex doesn’t show any trading data so this one actually shows how the price is distributed and created resistance and support levels at that time. The more data you have available to you historically the better insight you can get.
Nonetheless, I appreciate all your concerns and value that we all stay open-minded and think critically.
I made a new chart hopefully where you can see the three yellow circles that indicate the support line, we got a wave count of 3 major clear corrective waves, flat-lining bottom, an outbreak of structure, price retesting this support line for 3rd time, simple as that!
7 Likes
I think it is the best technical analyses i have seen on Maidsafe.
I like DeusNexus’ optimism and his analyses is supported by current fundamentals.
So keep it flowing, thank you!
6 Likes
Thank you and despite my positive look I try to be non-biased on any trading charts. I only show when price falls back to support or major patterns that break-out and how distribution is doing.
5 Likes
ya that’s what I am always skeptical of traders doing TA… so you like this coin and found some formula that draws lines going up… ok that’s nice. But if you didn’t care at all about this coin would you have drawn the same lines? I think often the answer is no. In fact I think many people apply TA formulas and if it shows their coin in a downtrend go back to the drawing board and select a new formula that produces a more positive outlook.
2 Likes
Not sure that there are enough of us to be heard in the crowd, but…
4 Likes
Let’s see if we can get more community support, folks!! Like, retweet, and comment please.
13 Likes
On line chart I noticed we got some sort of a tilted inverted head and shoulders with several confluences of support.
-Breakout line
-Channel support or left inverted shoulder
-Elliott Wave support at (iv), retesting support.
If prices makes a ABC sideways correction and then breaks above (v) which is current local high we have a good chance for this ‘tilted’ IHS to move to the given measured target. If this is indeed already a minor 1-5 then this could turn into a major AB-CD, where AB is this current wave (1-5) and CD will be the extension of equal length or measured increase of 254%/0.11 cent.
I will do an update once this is confirmed.
4 Likes
Not sure how to choose the way to view data, seems like cherry picking would always happen.
This doesn’t seem to be the case because there was a full year of data removed (a year in which a lot of stuff happened, and there is data from poloniex that could fill that space, or even the ‘no trades’ data be added there which is still important data).
I’m just seeing a lot of inconsistencies in what is being presented… I’m not saying to stop, just trying to make sure I properly understand the inconsistencies which I am seeing. I guess what I see as inconsistencies you see as valid views of the data, and I appreciate when you give reasons for those views. Hopefully this doesn’t come off as too aggressive, I don’t mean it that way, but I try to be concise in my presentation which I know can appear rude (unintentionally).
3 Likes
Coinswitch.io also lists MAID (works like changelly and simpleswap). Have not read reviews, though. However, I have seen several native wallets use it for buying coins directly from the wallet…Cardano’s ADAlite wallet is the one that immediately comes to mind.
4 Likes
I’ve been using coinswitch for a while now. Never encountered any sort of trouble.
4 Likes
buy without raising the price … other poor people want to take a little cheap MAID, too 
4 Likes
I’m considering the same thing. I’m feeling we may see 5 cent range again July, August. IDK 
2 Likes
Very uncertain times.
My heart is with MAID, but they say never go with your heart 
What to do, what to do…
3 Likes
It’s very simple. Don’t risk more than 10% of what you have. At least that’s what Taleb says …