Argo Blockchain Share Discussion Threads

[suffersnofools] 19/11/2020 15:53

You can't really compare. Yank valuations are always nuts - just look at the Nasdaq or S&P!

[trentendboy] 19/11/2020 15:42

RIOT and MARA already up 10 percent eachARB not keeping up as usualDual listing will help but a proper comparison of the 3 would be very informativeHard to judge exactly though

[suffersnofools] 19/11/2020 15:03

£1 coins for 10p! Load up ;)

[1new guy] 19/11/2020 15:01

With all these charts and so forth I'm amazed nobody has a graph to show how undervalued ARB is! $18150 per one bitcoin and 9p for one ARB share. FFS!

[hootza616] 19/11/2020 15:00

Here is the 3pm push again.Hopefully stick above 18k this time.

[suffersnofools] 19/11/2020 14:02

Oh and its a line of best fit. My software provides a linear regression to plot these for me.

The point is that pink line was there AHEAD of the breakout so provided an objective entry point for my system. Whereas traders without TA are just guessing for entry and exit - seems crazy to me but 'nowt strang as folk!

[suffersnofools] 19/11/2020 13:59

yump - the buy signal was given at the break and confirm of the pink line at 17515 - as a safety net I would then have waited for second confirmation at 17560. So you'd be +400 pts so far in a coupe of hours ;)

You're never going to get it because you're not open minded enough. We can't all make a living this way :)

[sideshowbull] 19/11/2020 13:54

Hoot was looking like a reversal pin earlier. Looking better now, needs to settle this session to be sure.

Will look later, check my charts on trading view

BWTFDIK

[uapatel] 19/11/2020 13:52

Added a few more ARB, this morning. Upto 450K now, hopefully get to my target of 500K before end of the week.

[yump] 19/11/2020 13:50

Newton and feynman published stuff that can be peer assessed and verified.

Last time I looked up charting and tried to find some rules that can be applied without using personal judgement as well, I drew a blank. Perhaps looking in the wrong place.

So just as an example,what does that pink line specifically tell you and at what point do you decide its a valid position to draw the line in ?

[suffersnofools] 19/11/2020 13:46

It certainly does bode well for the Argo cash printing machine!

I have next few res 17985, 18200, 18650, 19800(ATH), 21840, 22450 (fib extension)

[brasso3] 19/11/2020 13:35

Bitcoin mining revenue hits yearly high after return to pre-halving levels

[brasso3] 19/11/2020 13:27

Argo
@ArgoBlockchain
·
1m
Worldwide BTC mining revenue continues to rise - and has just topped $20m USD per day. That’s the highest level this year, which means it's back to pre-halving levels.

This bodes well...

[brasso3] 19/11/2020 12:58

Cheeky little fake out on the short term channel. Plenty of support at $17.4k.

[suffersnofools] 19/11/2020 12:43

LTC leading the way again? Has been breaking out a day or so before BTC in this rally......

[suffersnofools] 19/11/2020 12:22

Well done frenzy you posted within 3 minutes of the BTC low of the day! Up 300 pts since you posted. You're turning into a great buy signal :D

[hootza616] 19/11/2020 12:20

Hi SSB you said today was an important day for BTC chart.How we doing so far?

[suffersnofools] 19/11/2020 10:46

Zooming in for you yump. Not normally a 15m user but here we have current situ. Below red line bad (support), above pink line good (overhead 15 min downtrend), above green should give resumption of nedium term uptrend and another go at recent highs circa 18500.

Does the way the price respects the pink line not make you curious?

[topazfrenzy] 19/11/2020 10:45

Yes Newton indeed

What goes up must come down

like what will happen here shortly

[suffersnofools] 19/11/2020 09:58

On a more macro note - a few early warning signs of US equity weakness. Nothing a bit of timely vaccine news can't fix - but something to watch nonetheless.My one fear for crypto in the near term is a a major equity crash. I'm sure we'll get one - we need one - but hopefully not before the crypto rally is in full swing,

[suffersnofools] 19/11/2020 09:51

I use a combination of TECHNICALANALYSIS tools yes.I'm a big believer in the scientific method, my two heroes are Newton and Feynman :) I question all my assumptions and make a good living. I KNOW charting works, whether others choose to believe that is no concern of mine. Newton would have been a fantastic chartist!

[yump] 19/11/2020 09:48

Mnomis

It needed a couple of up/down cycles to work best to put the channel lines in, log scale. The buy at bottom line sell at top, no stop loss at top, 5-10% at bottom,forget breakout possibilities. However it may just have been that the chart was just showing a growth company and you could have just bought onnrating movements with equal success.

[suffersnofools] 19/11/2020 09:48

Reading company statements WILL mess with your investment decisions.There's always this assumption from non Chartists that 'fundamental' analysis is somehow a superior approach.It isn't! If it were all companies would be 'correctly' valued.

[mnomis] 19/11/2020 09:46

@1Newguy - to date, I would say that PlanB has so far called BTC fairly well - S2F model. It does NOT give a daily / weekly trading plan, but over the next year, it clearly says buy and hold ...