Argo Blockchain Share Discussion Threads

[nico115] 15/1/2021 21:09

Totally agree but can I ask one question Do you really believe that he believes we will be 36 quid one day ?!!!

[nico115] 15/1/2021 21:09

It's all about price volume and volatility in a GIP model ..growth and inflation Ray Dalio has it spot on

[crypto nugget] 15/1/2021 20:59

I must say, the cheap jibes and clear knocks against SNF go against the grain.

Nobody is perfect, not even him. But then, does he think he is? No.

Everybody makes forecasting mistakes, but it seems difficult for some to actually grasp his views and comments. He's called it spot on so far, has been totally transparent in his deals, both sales and buys, has an excellent grasp of charting, and is uncanny in some predictions.

I know nothing of the guy, and probably never will, but little snide digs here and there are uncalled for.

This thread in my view would be all the poorer without him, I think he's taught many of us here quite a lot, and I for one am grateful.

[2tyke] 15/1/2021 20:54

Hi mnomis,

Yes, volume is a really useful supporting indicator. But price is really all that matters.
Price is always correct...it is the one thing that both buyer and seller completely agree on...it is always right.
Everyone else agrees simply by not taking the trade themselves at a different price. It's how it works.
Technicals are the way...and elliot wave in particular. It is a road-map for every single stock. It's not a crystal ball. It is a method for letting a trader/investor take a low risk position, and importantly, it tells you when you are wrong..which saves you lots of money in the market.
As i've said, it's really helpful for cryptos...as they have NO fundamentals, so the technical waves are very clear.

[nico115] 15/1/2021 20:52

Haha yes king ramper he is He said 10qd and maybe even 36 quid He needs to see a dr 36 quid is a mkt cap of 11 billion !! HahahahahahaSNF you are delirious

[gspanner] 15/1/2021 20:45

Anyhow, looks fairly obvious to me that btc is now winding thorough a big flag on the chart... you could probably make some predictable trades up and down, but probably just best to stick and allow the thing to grind it self out before the next leg up.

[mnomis] 15/1/2021 20:40

2tyke - I am very keen for as much insight as possible. I am a fundamental guy at heart, but can see that technicals are what counts ... I reconcile by not buying despite the technicals if I don't believe in the company... and when comes to BTC, can see technicals completely ruling the roost.

1 thing to add to your comment about technicals just showing price and time - a key missing indicator surely being volume, with the volume on the ARB break out being a massive flag it was going higher.
Thanks Suffers for reply as well.

[munin] 15/1/2021 20:36

Who was that guy who said he would never post again until this reached 150p or 180p or something?
I hope the share price gets there quickly......I'm really missing him.

[suffersnofools] 15/1/2021 20:36

I can't take the credit for that quote 2tyke ;)

[suffersnofools] 15/1/2021 20:35

hTtPs://medium.com/the-capital/show-me-the-charts-and-i-will-tell-you-the-news-7d601ecfdcff

[nico115] 15/1/2021 20:33

Welcome back SNFYour last 27k prediction was useless And again it will be 32k will hold Stop getting bearish on the fallBuy on red and sellOn blue Exactly what U.K.Lemmings have done lol They did the right thing selling at 115 when you said they were crazy ...now 102 ..eat humble pie my friend x

[2tyke] 15/1/2021 20:26

Me too suffersnofools...

And what you say in your last post is completely correct.
It has been backed up by numerous studies too.

I love your last sentence....it is so true.
'News'always follows the technicals....it never leads.

I'll stop wasting my time.
But if anyone wants any further insights, just ask suffersnofools...or myself.

[suffersnofools] 15/1/2021 20:17

2tyke, I've been round this loop more than once with Yump, he has a pathological problem with TA and no amount of time on your part is going to change his mind so suggest you save yourself and this bb the wasted effort of pointless posts. Until an investor grasps the fact that sentiment NOT fundamentals drives markets it's impossible to take the next logical step - that as a chart is just a graphical representation of ALL market participants and their cumulative sentiment it is all you need.'Show me the chart and I'll tell you the news' :)

[monts12] 15/1/2021 20:14

CEO Video #4

[2tyke] 15/1/2021 20:07

Nico,

32/32.5 is now the support level.
That is correct and it is also the 32.8% fib re-trace level too....but I wouldn't be prepared to bet that it holds.

[2tyke] 15/1/2021 20:00

Yump,

Many people say that about charts...net result of variables.
But charts aren't about any event or fundamentals. They can only register two things 'price and time' That's all there is in a chart and all you need.

2t
Your theory has been tested as well and found to be completely false. News is pretty irrelevant...whoever knows about it.

Suffersnofools,
Yes, elliot is the road-map for all stocks. Other technicals can be used as support.
Nice support levels.

[nico115] 15/1/2021 19:57

We won't see 27k You said that last week and we bounced off 30kSupport has now risenTo 32k and as we are in a bullish Trend 32kWill hold Watch and learn my friend xBtw btc has limited supply ..Better than a miner Have a good one x

[horneblower] 15/1/2021 19:48

2t
I think you've been busted, mate.
You're spouting rubbish.
"Price has nothing to do with scarecity"...Hmmm.
"News doesn't influence prices in the expected way"...well we all know the axiom of buy on rumour, sell on news. That's because "news" is never new. By the time it's published, it's old hat. RNS's aren't "news", they're opium for the masses. The pro's have already done their trading by the time the "news" comes out.
Pass on. Nothing to see here.

[suffersnofools] 15/1/2021 19:43

Excellent news on the PR front. Peter entirely correct in trying to get as many eyes as possible on ARB. He impresses me more by the day. I would anticipate investor roadshows to HNWI to start in the US fairly soon off the back of this. Mnomis - Elliot Wave is the best TA there is for big picture Analysis but is often let down by chartists not understanding how to use it or simply got getting the correct count.No doubt a lot of volatility this weekend. Self evidently a coordinated FUD attack with both the ECB and the FED rolling out the tired old garbage about BTC. 26.5/27.5 area is key support so I'll be adding BTC at these levels if I get a chance - along with every body else!

[yump] 15/1/2021 19:40

I’ll have to have a look then.

Doesn’t surprise me re fundamentals. There are so many variables. Obviously a chart of the price tells you the net result of all those variables.

Picking the ‘right’ technical to use as a predictor though...

[alm6] 15/1/2021 19:39

Fascinating.

[2tyke] 15/1/2021 19:39

And it didn't depend on the timeframe.
Fundamentals did even worse over 3 years than they did over 3 months.

[2tyke] 15/1/2021 19:35

No,there are loads of studies online yump.
There are peer reviewed europhysics letters, american university controlled studies etc.
A big one was in 2008 when a group of market professionals looked back over 90,000 bits of news relating to hundreds of different companies.
The results were categoric. Big moves in the stocks were completely un-related to any news events.
And there are many many studies comparing the results of technical v fundamental investors. They too have very consistent outcomes.
The last one I saw was in stocks and commodities magazine about 2 years ago. It showed that technical analysis displayed an advantage over tracker fund of +60% whereas fundamental analysis actually gave negative results...worse than guessing.

[yump] 15/1/2021 19:06

I’d like to read those studies if they are published as a paper.

I googled it and this came up:



So you might understand that without peer review, a study is just a study.

[mnomis] 15/1/2021 19:02

Thanks for speedy response SSW ... so many different views, but one thing cannot argue with is currently in a BTC strong bull market (and am feeling happy picking up a few more ARB at ~£1).