Argo Blockchain Share Discussion Threads

[hootza616] 15/1/2021 08:51

You can't get more if an outside influence that the amount of rainfall in China.

[purplepelmets] 15/1/2021 08:44

Biggest outside influence at present is the incoming $2000 cheques for all Yanks. Lot will end up in crypto. A definite upside bias due to extrnal influences IMO and a factor the charts can not reflect

[2tyke] 15/1/2021 08:39

What outside influences can a digital currency have ?
It has no company news, no directors, no interest in the economy whatsoever.

It's driven by pure investor sentiment...which is why the waves are so clear.

[hootza616] 15/1/2021 08:17

No outside influences?You are joking?

[yump] 15/1/2021 08:14

But there was a GLA at the end of the post to make us all feel better.

...actually that's more of a reason for filter.

and we don't need luck - its all skill of course.

[2tyke] 15/1/2021 08:14

We'll likely know at some point today whether the C-wave is in play, which will take BTC down to below 30k.
For the uptrend to be back on, it would need now to literally blast through 42k.....a slight new high still really wouldn't change the situation technically.

[lbond86] 15/1/2021 08:14

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[qazwsxedc69] 15/1/2021 08:11

Why? (You sort of made a stupid comment with zero evidence to back it up.....kind of a moronic thing to do don't you think?)filtered.

[pal44] 15/1/2021 08:02

May see these to fall 85p then buy them GLA

[2tyke] 15/1/2021 08:02

Well, it's interesting.
Waves of trader sentiment drive all stock prices. But with company stocks, outside events can have some volatility effect, even though they are nit the drivers.
With cryptos, they have no real physical existence, and therefore no outside influences.
The chart waves are the clearest of all...despite the volatility.

[nico115] 15/1/2021 08:00

40k proved resistance Will update new levels later So far so good and hope my levels were good

[crypto nugget] 15/1/2021 07:48

Good morning to all.

Understand BTC consolidating now, still learning about the "waves" etc., but a fascinating scenario.

I have all the patience in the world using my strategy of buying ARB on any dips of 10%, and holding until BTC is at least $100,000.

GLA.

[mattybuoy] 14/1/2021 23:47

Here is a page with lots of graphs relating to the fees.

[hootza616] 14/1/2021 23:15

Hi SSB, not sure where you get the impression I own any BTC. I own no BTC, but do invest in ARB.My question is related to the forecast income streams of ARB going forward and how transaction fees may vary as the value of BTC rises.Just trying to understand and learn from the experts here.

[2tyke] 14/1/2021 23:08

Hi alm, our posts crossed. I understand what you mean now.

The wave down that rejected 42k wasn't a wave 2. It was an A-wave. The B-wave was the bounce higher back to just below 40k.
I'm seeing the C-wave down underway, but we won't know for sure until tomorrow.
If it is....it needs to go below 30k before the uptrend resumes.

[telbap] 14/1/2021 22:47

Bit is currently 38550.......120 open on the morning?

[alm6] 14/1/2021 22:38

Yes exactly. Wave 2 was downward and hit a low of around 30k wave 4 is also downward, but as part of the pattern it has to bottom out higher than 2, to keep the upward momentum.

[2tyke] 14/1/2021 22:35

No alm, your understanding is quite wrong.

Bitcoin is in a BULL market.
Wave 4 is downwards.

[alm6] 14/1/2021 22:32

The 4 correction can't go lower than the 2 correction. We have a bottom of >30k for this correction.

[2tyke] 14/1/2021 22:31

Yes count, after a wave 4 correction lower comes a wave 5 to new highs.
The bad news is that wave 4's are time-consuming, and because the wave 3 spike higher was so large, the wave 4 down has quite a bit further to go yet.
Painful short-term for holders of ARB whose chart is in-step with btc....and very volatile.

[alm6] 14/1/2021 22:29

My understanding is that 4 is in the way up, B is on the way down no?

[countdracula55] 14/1/2021 22:18

Technical analysis isn't my bag I'm afraid, but always willing to learn from others.Thanks for the heads up and let's be patient for the highs we know will come.Gla.

[2tyke] 14/1/2021 22:13

Btc is currently in a wave 4 correction lower from 42k.
So is ARB.

[alm6] 14/1/2021 22:08

Hmm this looks like the beginning of an Eliot wave not the tail end to me. Still got the top to come before the correctives...

[2tyke] 14/1/2021 21:38

Do you mean btc is dropping count ?

It will do.
The rise from the lows is what's called a B-wave. It's a technical corrective wave before another powerful wave down. It's part of the bigger ongoing correction from btc reaching about 42k which was the 4.618 fob extension.
Short-term very painful for holders.