Crypto lounge thread

Deepdiver

Crow
Gold Member
Just fell below 51k. You're looking kind of prophetic. Still waiting until 40k to buy? That was the only thing I may have possibly understood from your post.
The reason we do Tech Analysis is the real numbers do not lie!

BTC Today True Range (So Far) Today 10.155K Remember CME BTC Futures = $5 for every point of move you capture. One CME BTC Contract 10K move times 5 = $50K on a $2,900 per contract margin for 50,000 / 2900 = 17X+ in one day.

Note Previous Support Level 3 Daily Candle Bodies close and open at $40K
the 50 DMA is at 39,800 for an additional target confirmation...


And the 20 Day Simple Move Average True Range (ATR(20)) is now 3740 or $11K every 3 days... The increasing BTC volatility trend is truly your friend.

Don't thank me - thank the Maths and Leonardo Fibonacci da Pisa.

My BTC Buy target and Alts is when BTC Corrects below $40K.

BTC is the tide that floats all ALTs (Rise and Lower)

1614015548672.png

Just Tagged .5 on the Fib Wave 3 to 4 Extension and .382 (47K 46,700) on the Wave 5 Fib Retracement confirming a move into an A-B-C accelerating correction for the Larger Fractal Wave 2 (Major Waves 1 to 5 equal Wave 1 of the Larger Fractal)...
1614017072583.png
 
Last edited:

Deepdiver

Crow
Gold Member
Just sharing the Continuous S&P Futures Chart here as it is top turning today as well testing a 100pt pullback for an A-B-C top turn into a major correction as well...

So Humans FUD and FOMO across markets - Cryptos are not as uncorrelated to equities markets as the Robinhoodies might have you believe...

1614018682585.png
 

Deepdiver

Crow
Gold Member
Email I recvd from Gemini Trust...

We are thrilled to announce the launch of Cryptopedia, a free educational platform that provides open-access, high-quality crypto education to the world.

Cryptopedia caters to all levels of knowledge and interest — from the crypto-curious to the crypto-native. You can get started with the fundamentals of Bitcoin, take a deep dive into the hottest projects in DeFi, explore how trading and investing concepts apply to cryptocurrency, or learn about cybersecurity best practices to keep your crypto safe.​

Cryptopedia is also a platform for crypto experts to share their knowledge with the world. Founders and thought leaders from some of the most prominent and innovative crypto projects — such as Brave CEO Brendan Eich, Aave CEO Stani Kulechov, Tezos co-founder Kathleen Breitman, and many more — have joined our Expert Network. We plan on further collaboration with these experts and invite other crypto leaders, visionaries, and technologists to join us by emailing us here.
Onward and Upward,

Team Gemini​
 

Deepdiver

Crow
Gold Member
Where do you buy Raven? I'm in the states.
To find markets - go to https://coinmarketcap.com Click on target coins - scroll down to Markets and click show all Raven:

Ravencoin Markets​


#SourcePairsPriceVolumeVolume %Liquidity
Confidence
Updated
1
Binance
RVN/USDT$0.1782$122,409,94917.40%184HighRecently
2
Upbit
RVN/BTC$0.1794$69,750,2099.92%77HighRecently
3
Binance
RVN/BTC$0.1789$57,613,1178.19%133HighRecently
4
Paribu
RVN/TRY$0.1788$50,369,3557.16%-HighRecently
5
BKEX
RVN/USDT$0.1787$35,319,6335.02%-HighRecently
6
Binance.US
RVN/USD$0.1788$11,389,9061.62%125HighRecently
7
Binance
RVN/BUSD$0.1783$11,048,8791.57%115HighRecently
8
Bitvavo
RVN/EUR$0.1807$8,489,9631.21%101HighRecently
9
Binance
RVN/BNB$0.1780$7,377,3061.05%81HighRecently
10
Bitrue
RVN/XRP$0.1797$7,129,1221.01%99HighRecently
11
LATOKEN
RVN/USDT$0.1776$4,636,9320.66%78HighRecently
12
Bittrex
RVN/BTC$0.1789$4,034,9810.57%95HighRecently
ETC ETC ETC...
 

Deepdiver

Crow
Gold Member
Just Spoke with my Stealth Institutional Advisor - he was short BTC CME futures since Friday - his BTC Correction target is 38,500 as the Yellow 50 Day MA will be pulling down a bit... Wild 10K swing today testing just below the 20 Day Blue MA and pulled back up to the 9 Day Green MA:

Note the BTC target 38,500 will be an optimal reentry point for the ALTs as BTC is the Tide most ALTs ride up and down.

1614035721421.png
 
Last edited:

Deepdiver

Crow
Gold Member
Interesting Silver USD chart today - if it breaks and closes above the horizonal blue line pivot (mid point channel) of the large Green 5 wave candle it should ran back up to the $30 swing high and test $31.

Now to find a high volume Silver backed Crypto.

1614037897599.png
 
Last edited:
Got it of Binance. Not a US resident though. I m the neighbor from the North.
One tip: get Atomic Wallet. You can just trade it internally for whatever you can offer: BTC ETH BNB etc.
Thank you. I'm going to do some research on it. I have an Atomic Wallet to stake my ATOM. I don't very much, but better APY than Coinbase.
 

Deepdiver

Crow
Gold Member
Krikey Raven tested .23 and hovering at .19 on a huge impulsing wave 3 parabolic spike looking for a .618 retrace wave 4 from 0.23 for optimal buy in. Could go lower as it was only 0.011 in November.
 

Meraki

Sparrow
Sold all my bitcoin from 20k & 30k for a reasonable profit. Sold all my LTC since I only had 2 or 3 coins from a month ago.

kept $800 in ETH

Waiting on the retrace to get back in.
 

Kieran

Pelican
Gold Member
After reading the last few pages first of all thanks to everyone here for the information. Based on what's happening currently is 40,000 USD still looking like a good point to buy Bitcoin? Thanks
 

bucky

Ostrich
After reading the last few pages first of all thanks to everyone here for the information. Based on what's happening currently is 40,000 USD still looking like a good point to buy Bitcoin? Thanks
Seconded on the 40k question. I understand very little of Deepdiver's posts (he sounds like the Geordi La Forge of crypto to a newb like me who only recently learned what terms like "market cap" mean) but "buy when BTC falls below 40k" was what it boiled down to, I think.
 

Deepdiver

Crow
Gold Member
BTC retraced and Tagged 44,888 just below the .5 Fib Extension and the .382 Wave 5 Fib retrace, bumping off of the Blue 20 Day MA as resistance - when we close below the 20 DMA next resistance point is the Yellow 50 Day MA which is beginning to arc lower on the BTC USD Daily Coinbase data feed chart. You knew from above the Institutional Target retrace is the 50 DMA at 38,500. Which will be my BTC reentry point.

1614108308063.png
 
Last edited:

Coja Petrus Uscan

Hummingbird
Gold Member
When you look at the same period in 16/17 compared to 20/21, it doesn't look so parabolic.

Screenshot-at-2021-02-24-00-08-34.png


This chart has two red lines for the 2013 and 2017 baselines; and a green line, which would be the 2021 baseline.

Screenshot-at-2021-02-24-00-25-23.png


For 2013 it's currently at $800.
For 2017 it's at $6,750 (8.5X).
For 2021 it's at $35,000 (5.2X).

If it follows this trend BTC will be $150,000 in June.
 
Last edited:

Kieran

Pelican
Gold Member
BTC retraced and Tagged 44,888 just below the .5 Fib Extension and the .382 Wave 5 Fib retrace, bumping off of the Blue 20 Day MA as resistance - when we close below the 20 DMA next resistance point is the Yellow 50 Day MA which is beginning to arc lower on the BTC USD Daily Coinbase data feed chart. You knew from above the Institutional Target retrace is the 50 DMA at 38,500. Which will be my BTC reentry point.

View attachment 29300

Are you thinking that the correction is over now BTC and other coins are bouncing back or do you anticipate it dropping again?
 

Deepdiver

Crow
Gold Member
We are in a natural market retrace. All electronic widely traded assets, securities, cryptos etc., move in fractal waves; 5 waves with trend and ABC waves against trend. These fractal wave patterns were originally discovered by RN Elliott during the 1920s and 1930s where he made amazing market top and bottom calls considering there were no computers and all graphs had to be charted and done by hand on Graph and Logarithmic Graph paper.


The key to these fractal waves is they respect previous support and resistance levels and if surging higher above previous All Time Highs there is a strong correlation between fractal waves and Fibonacci Extensions and then Fibonacci Retracement levels as evidenced by my posts and illustrated in the EW/Fibonacci link above.

Moving averages are targets that most of the herd of traders respect as you can see by today's BTC Tradingview Chart with the Coinbase BTC/USD data feed shown.

Markets test and retest support and resistance levels especially major moving averages - markets go out of balance and come back to balance reflecting the tango between Long Term Investors and Short Term Traders looking to profit on the mathematically calculable moves up and down.

As you can see in todays Chart BTC/USD surged to a new ATH above the green 9 bar MA finishing the 5th wave with trend up. Then an ABC correction against trend began to typically .618 Golden Ratio - moves retesting then tested with wicks the 20 Blue MA and is bouncing back above the 20 MA now as support... When selling pressure exceeds buying the next MA we will test is the Yellow 50 MA then back up to the 20. This 50 DMA also corresponds to the .618 Golden Ratio retrace of Wave 5 and the previous Wave 3 swing high for three target confirmations.

The .618 50 MA Target range then becomes the terminus of the Larger Degree Wave Two of which Waves 1 to 5 shown equal the larger Fractal Wave 1. When the larger Wave 2 terminates we move into an impulsing longest Wave 3 Up towards the high Fibonacci Extensions which being important points for the modern herd of traders show significant recognition and support and resistance respect.

In a massive correction this pattern of testing, pulling back and retesting applies to the 100 DMA and 200DMA and Market Psychology typically reflects if we close above or below a Major Moving Average respected by the Herd (9, 20, 50, 200) then we test or retest the next MA.

Hope this helps illustrate the fractal nature of markets and innate Human buying and selling emotion and psychology which is self evident in the 7/24 continuously traded high volume and emotional FUD and FOMO driven global Bitcoin markets.

1614190604486.png
 
Last edited:
Top