Argo Blockchain Share Discussion Threads

[2tyke] 30/1/2021 21:55

Well, any explanation can be made to fit events. Best not to try and explain in the first place...and just watch the events !
Even elon musk was used to justify...doesn't mean it's correct.
Reminds me of when I go into my study at dusk. The bats are always flying around outside the window. But it isn't dusk just because the bats are there !

[aidenabettin] 30/1/2021 21:51

Where is the Nasdaq back door?

[oilisgold] 30/1/2021 21:49

Here you go. That 34.5k test again. Just a matter of hours. Break that and you need that 37.5k before getting your ATH next 2 weeks.

[oilisgold] 30/1/2021 21:47

To a point buddy. What i mean by easy money is the " initial hype" that gets you you 100 to 200% before the slow steady rise. We all know ARB is undervalued like NCYT was at 100p or even 200p. For major institutions the 34k represents very cheap value. JP Morgan suggested recently Bitcoin could go 6 digits and these guys are no mug punters. Small investors like us need all the help we can get and its not easy at all trying to trade and make few thousand of pounds. Only 1 out of 10 investor ever makes the big money. Even in 2020 , where big money was made in Covid stocks a very select few made that million. Majority bottled it, seeing 50k in your account was life changing for them. That 50k could have been 500k. Just believe in the share . Look at the market ahead not just few days or weeks.

[1knocker] 30/1/2021 21:46

Thanks Nico. I have been keeping an eye on your posts as you have your head screwed on: look for the current range, trade in and out without being greedy, keep the size of the holding stable or increasing and the cash laid out on it falling. If BTC and ARB do go to the moon you and I will do better than the buy and hold boys, and will also come out comfortably the right the right side of the line if they do not, and if they go and stay south (which I am not predicting, but nevertheless do not rule out as impossible) we shall at least be OK.

NOTHING is certain.Play the percentages, and never take a risk you cannot afford, however good the technicals look.There is a reason not to play Russian roulette, but it is not that the odds of winning are unfavourable. Use TA to help identify trading entry and exit points, but put no trust in the EW analysis of a True Believer. EW interpretation is pretty subjective (that's why it always looks so convincing as an explanation of he past: it can be made to fit events); very easy unwittingly to justify a pre-formed bias/prejudice with EW.

As to bear squeezes, great fun to watch, but think 'pass the parcel'. The man who really gets burned is the man who ends up holding wildly overpriced shares after the music stops. There is nothing new under the sun. Look up the story of the Piggly Wiggly store shares a century ago for an entertaining weekend read. The short sellers got hit hard, the bear squeezer ended up with a shedload of overpriced shares and went bankrupt, but at least the plain vanilla investors who had the wisdom to sell out to both long squeezers and short coverers alike did nicely.

[aidenabettin] 30/1/2021 21:41

Why doesnt a Nasdaq SPAC just come in for ARB and then we could take out HIVE and RIOT.Seems to be the popular route to go at the moment

[2tyke] 30/1/2021 21:39

I'm bullish on ARB by the way....I just see every twist in the road. I'm an elliottician.

[2tyke] 30/1/2021 21:35

Maybe longer oilisgold.
But, yes trading is an emotional battle.
40k is neither high nor low..it's just a level..all relative.
But the market is always risky and always a gamble.
There is no easy money and it's very dangerous to think there is.

[oilisgold] 30/1/2021 21:33

Come Monday and you will see a different story. 80p placing was a master stroke to raise 20million. Placing out of the way. I say looking very good. Even at 34.5k ARB should be valued at 1.90 to 2.40. Market always rerates the company.

[oilisgold] 30/1/2021 21:30

34.5k will pass. Just a matter of hours.

[oilisgold] 30/1/2021 21:29

Trading is all in the head. The best traders are those that dont get emotional and don't hesitate in cutting losses.

[brasso3] 30/1/2021 21:29

QS99

Maybe you should ask your question about the S2F model on the adults thread?

[2tyke] 30/1/2021 21:29

Well btc's had a look at the 34.5k level and doesn't like the look of it so is backing off. It shouldn't fancy it according to the short-term pattern.
Any move below 33.5k should take it down to 32k.
This was the exact point elon musk made his tweet and should inform him of the futility of showing off.

[oilisgold] 30/1/2021 21:27

There is a bubble of certain stocks each year, we all know 2020 was all about covid related stocks and a lot of money was made. Many made close to million pounds. 2021 is all about Cypto, those that will get in early will leap the rewards. Yeah ARB is volatile, 100p one day 70p the next, but if you are not a trader then leave it in your ISA. Bitcoin will start making new All Time Highs this year and cascade reaction will be ARB gapping up each morning 10 to 20%. Easy money. Make the easy money before it gets harder. You might think 40k is quite high for bitcoin but believe me in few minths we be saying 50k was very cheap.

[qs99] 30/1/2021 21:20

Not seen an answer to the Plan B chart but if he is correct it will be a fascinating few months to see if he continues to be correct as that would see BTC at near $100k by around May - June time

Arb at that point IMO will be breaking £3....

Dyor and would love to understand his chart!

[aidenabettin] 30/1/2021 21:13

hTTps://www.crowdfundinsider.com/2021/01/171747-binance-forced-to-temporarily-suspend-withdrawals-due-to-record-levels-of-platform-activity-after-elon-musk-adds-bitcoin-to-his-twitter-bio/

[2tyke] 30/1/2021 20:59

Crypto,

I understand what you are thinking and it does seem like common sense.
But markets aren't logical and don't work in that way. Traders buy and sell in the same patterns on all timeframes. They don't just hoard stock.
This will do your head in.
With massively traded assets like forex and gold for instance. We see exactly the same pattern of price ups and downs ( 5 waves and 3 waves), even on the timescale of fractions of a second....all the way upto decades and centuries. There is no change in buying/selling pattern.
Scary isn't it ?

[cromw3ll] 30/1/2021 20:56

Who would be brave to short this once BTC goes up? This really is only crypto share in play, if you sold your be itching g to get back in. Crypto nugget I agree and plan to go 40% portfolio in here, as I believe the crypto story, it not going away.

Btc holding $30000 is too compelling

[2tyke] 30/1/2021 20:51

Market intervention never works. We've seen it in both the western and far east markets recently during big falla. It doesn't work stopping shorts. The market just falls heavier when it's fully re-opened.
If you think about it....by stopping shorts.....you are removing the only traders who MUST BUY !

[crypto nugget] 30/1/2021 20:51

Well, I beg to differ 2tyke.

If there is no "free float" left, then that naturally causes a huge squeeze on the price as MM's battle for stock.

If for example what is left of the "free float" is purchased say within a 5 day period that BTC rises, for example 10-20% then the demand for stock will far exceed the amount of stock available.

If then, the new and old holders just decide to hang on to their stock as the fundamentals for BTC (and ARB's other investments) look very good the two/three things combined will ensure a huge rise in ARB's share price.

I concur to your and SNF's knowledge where TA and experience are concerned, but sometimes good old fashioned fundamentals and laws of supply and demand win the day as well.

[2tyke] 30/1/2021 20:46

The 'free float' will never get wiped out.
It's a market. ARB dropped from 130p because traders thought it over-priced ( 5 waves up complete). When/if it moves much higher than 130p, it will again complete 5 waves, be deemed over-priced, and sold off again. It's a cycle.

[brasso3] 30/1/2021 20:42

The mutants have taken over here!

[oilisgold] 30/1/2021 20:39

This then means to close tbe position, you are paying 200 to 300% premium. There are no shares for buyers to purchase and the cascade reaction causes what we saw last week.

Take ARB for example, at 130p , we saw a huge number of short positions being taken , more started selling and hence price was plummeting. Like wise on Friday , brokers were refusing to take short positions unless you had 50k to 100k available. So the expectation is the market makers will tske ARB to over 150p and bitcoin will hit ATH.