Argo Blockchain Share Discussion Threads

[hootza616] 26/10/2019 14:32

A prediction of $16k even in November will do us well here! As you say Scotty, fundamentals rule this sector for now at least.

[scottman72] 26/10/2019 13:22

Possible but I think the chances of this happening are getting a but small now. But you never know.
Like with most predictions there is always some margin around both date and price. So maybe into November rather than October.

[hootza616] 26/10/2019 12:46

Speaking of which, the most famous anonymous prediction to date popped up on 4chan in January 2019, accurately identifying the 2018 bear market's bottom. The first two of their six predictions have been correct so far – $5,300 in April and $9,200 in July. The next forecast on the list is $16,000 by the end of October. With less than five days left until the end of the month, following this huge move, going 3 for 3 is still possible.

[scottman72] 26/10/2019 12:31

Not quite.
Individual decisions dont determine either BTC or ARG price.
BTC is one of the easiest 'stocks'to analyse technically. It plays out alot more technicals than most stocks. But at the same time its changes of fundamental news also has significant t effects.

[1new guy] 26/10/2019 11:47

There remains a huge profit to be made for economic experts predicting gloom and doom as well as euphoric ramping. Crypto currencies defy the old soothsayers, however. Purely because it is a better and fairer playing field for many more people. Rather than the few powerful but waning currency markets and banks. The days of holiday money rip offs, global transactions and manipulation declining. After billions spent to suppress bitcoin, for example, this currency recovered each time. ARB remains a dark horse in the modern, evolving world. Time, not charts, calculations and "death stars", please, will tell. MYOMU. The only thing that matters is an individual's decision as to their own actions.

[1new guy] 26/10/2019 11:45

Sorry, tried to edit out some mistakes.

[scottman72] 26/10/2019 11:30

A small descending wedge was broken down and the price dropped from 9400 to 9075 in the space of half an hour. This is a significant drop before it bounced back up.

[hootza616] 26/10/2019 11:15

Any predictions on ARB price if BTC stays above $9k through Monday?

[hootza616] 26/10/2019 11:12

Surely when describing a "bounce" there has to be a significant drop before turning upward? I don't see it.

[scottman72] 26/10/2019 10:45

Just bounced of 9.1k
If we drop below 9k the death cross comes back into play and we could see a complete reversal of the current rise 😞

[scottman72] 26/10/2019 09:50

Fundamentals will always trump technicals.
The initial rise occurred approximately 10 mins after Xi’s statement was released. This then gave rise to a combination of growing bullish sentiment as well as stops being triggered. Resulting in a fantastic rise.
The important thing now is that any pullback in BTC remains above the 200EMA, currently sitting at 9k. It’s also important that the price remains above the down sloping line of resistance from the earlier triangle, currently at 9.1 both of these could now provide good support in this region and hopefully prevent a fall below 9k again.

[john henry] 26/10/2019 08:15

High on the move 10,580 Almost a 50% move in less than two days.

[hootza616] 26/10/2019 07:50

Does everyone really think Xi's statement about blockchain encouraged $50 billion of global cash to enter BTC?Personally I think it's is driven by global uncertainty and risk of Economic failure.As soon as the Uk parliament agreed in principle a deal with the EU the price was at $7500. The media was suggesting no deal was now impossible.Last evening reports of Macron not accepting an extension and risking a no deal outcome sent BTC rocketing!Could Brexit be driving the price of BTC?

[kcowe] 26/10/2019 05:48

massive short squeeze in bitcoin, hense the huge price rise . President Xi’s statement wrong footed the market .

[lithological heterogeneities] 26/10/2019 00:47

Huge jump in BTC price today due to Chinese supporting it.

Will see an equal jump here on Monday.

[hootza616] 26/10/2019 00:20

Hi Scotsman. When people talk about "closing the day" for bitcoin, in what part of the world does the day close? As BTC is traded 24/7 across the globe and valued in $, I guess it must be some time zone of the US, or do we Brits believe everyone looks to GMT as the start and finish of all days?P.s. it is now at $8656.32 and rising so I guess the death cross predicted is now avoided? How do the tea leaves look now?

[parsons4] 25/10/2019 22:24

I GIVE UP !!!!!

[parsons4] 25/10/2019 22:17

IMHO this is a company that could be making HUGE PROFITS in just a few years time !!!

[parsons4] 25/10/2019 22:17

IMHO this is a company that could be making HUGE PROFITS in just a few years time !!!

[parsons4] 25/10/2019 22:16

I have built a quite large holding but nobody seems interested in Bitcoin !!!

[parsons4] 25/10/2019 22:14

Thanks S....72
At least somebody else is still alive. Are you an investor in ARB ???

[scottman72] 25/10/2019 22:03

Rise was driven by President Xi’s statement get more involved in blockchain.
Fundamentals will always trump technicals and make predictions difficult. This needs to close the day above 8649 the current 200EMA for the bull run to continue

[parsons4] 25/10/2019 22:01

BTC what a jump. I like this because the people that run things (ie the ELITE) don't like anything that they can't control. No posts tonight what !!!!!!! A BLOODY HUGE MOVE IN BTC am I missing something ?????