Argo Blockchain Share Discussion Threads

[suffersnofools] 07/12/2020 12:56

The leading indicator, LTC, spiked up 4% in last hour and breaking upwards from triangle....

[nigerianprince] 07/12/2020 12:31

Wow! Look at all the Noobs on here now. FOMO!

[suffersnofools] 07/12/2020 10:42

Horneblower - It cerainly does. I was a buyer then as well, alas not enough :( Though I'm sure everyone says that now!

Brasso - Let's hope Northstar is more accurate this time ;)

[horneblower] 07/12/2020 10:29

Anyway, I hope you're right.

[noirua] 07/12/2020 10:28

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
MICROSTRATEGY INCORPORATED


MicroStrategy has purchased 2,574 bitcoins for US$50.0 million in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. Now holds approximately 40,824 bitcoins.

[horneblower] 07/12/2020 10:27

You think only PI's use charts?

[brasso3] 07/12/2020 10:26

FOMO by Big Investors May Support Bitcoin’s Polarizing Rally

[brasso3] 07/12/2020 10:21

2017 was driven by small retail investors.

2021 will be driven by corporations, institutions, hedge funds and wealthy individuals.

[horneblower] 07/12/2020 10:13

We all await breakout.

Does this chart look familiar?

[brasso3] 07/12/2020 09:45

Update from Northstar on Twitter:-

[brasso3] 07/12/2020 09:37

- Last week was BTCs highest ever weekly close.
- 21 week MA now at $13k (ATH).
- Bullish engulfing candle on the weekly last week.

[brasso3] 07/12/2020 09:29

BTC always pulls back on Fridays - Sundays. Lets see what happens this week.

[suffersnofools] 07/12/2020 09:28

Brasso - My point is you are saying you don't see any major pullback from these levels due to institutional buying.

I'm saying that is blatantly not the case, as you said the same at the recent all time high above 19K, that there would be no major pullback and were proved wrong when a few days later it had dropped 16%. Are you saying that 16% isn't a major pullback? :)

The big boys WANT to accumulate as cheaply as possible, and they WANT big volatility to aid in that process.

[horneblower] 07/12/2020 09:25

I agree the chart is bullish in the medium and longer term.
A 25% (edit) pullback sounds huge but it would look like just a standard blip on the larger chart.

[brasso3] 07/12/2020 09:20

SNF

We are above $19k so I do not see this as a pullback. Its just normal market moves. I think $25k is more likely than $15k in the short term.

[hootza616] 07/12/2020 09:20

And Bitcoin is Bitcoin.If people hadn't noticed it's a little bit new and different to everything else!

[brasso3] 07/12/2020 09:18

The chart looks bullish so I do not understand your point.

[suffersnofools] 07/12/2020 09:18

hornblower - Agreed, it's all about accumulation still - scoop up from the weak hands!

Brasso - You think Microstrategy and Grayscale care if the price drops below their buy price?! If they could crash it to 4k they would. It's the long game for them and they control the CME. You're making the mistake of thinking they are playing the same game as us mere mortals. You said there would be no pullback before 25k, a couple of days later an orchestrated move by the big boys took it down 16% to 16250.

[horneblower] 07/12/2020 09:15

The chart is the chart.

[brasso3] 07/12/2020 09:08

Microstrategy bought $50m above $19k last week.

We are in the midst of corporate FOMO.

Paypal will have to accumulate as their users opt to hold BTC in their account. They cannot risk not backing up their accounts with BTC.

Grayscale buy on a daily basis. Its just about quantity and not about price.

900 BTC are mined daily on the planet.

[horneblower] 07/12/2020 09:05

They can all see the same chart, lol

[brasso3] 07/12/2020 09:04

Hornblower

So you think Microstrategy, Grayscale and Paypal will be having teleconference calls to suppress the price? lol

[suffersnofools] 07/12/2020 09:02

Brasso - It was 19.5k to 16.2k - 3300pts or 16.7%

[horneblower] 07/12/2020 09:01

I think there's a better than 50% chance of $15k.
The whales want more and they will use the $20k resistance area to allow a pullback before piling in again.

[brasso3] 07/12/2020 08:54

$19.9k to $18.2k is hardly a pullback. I would say that is normal market moves.