Argo Blockchain Share Discussion Threads

[john henry] 27/10/2019 21:03

Bitcoin trades from 22-00 too 22-00 US daily trading times.

[scottman72] 27/10/2019 17:55

Midnight GMT.

[hootza616] 27/10/2019 17:48

Hi Scotty. Just a question about your last post. When do you consider the close of the 24 hour period and end of week, considering BTC is traded 24/7?

[scottman72] 27/10/2019 17:22

Sorry trustme.
Yesterday the 24hr timeframe closed above the 100MA. If the week also closes above today then this is a confirmed bull move and BTC wont return to 9k for the foreseeable future at least. If ever 😊

[trustmeimastomach] 27/10/2019 14:45

One more dip back this week to around $8750-$9000 then we should move back up to retest recent highs through November

[scottman72] 27/10/2019 10:29

So not a massive breakout but things are looking good for the next week. If BTC closes today above the 100MA's then BTC should grow and take it, at least, back into the previous trading zone of 10k-12k with the consequential growth of ARB as a knock on effect.
GLA

[commander t] 27/10/2019 05:45

Xi made the statement to get interest and speculation going. Now he knows he can move the market, that is immense power he has. Conversely Trump only moved the market a little with his thin air comment, although it did start the drift down. CHINA are wallowing into a long recession. Expect more bitcoin deramping/ramping from global leaders. Its the only way out of political blaming for the economy across world.

[scottman72] 26/10/2019 22:56

I know.
🤪

[hootza616] 26/10/2019 22:43

Take a break Scotty! It will send you mad!

[scottman72] 26/10/2019 19:59

OMG
The bulls pulled it back.
This is more interesting than watching the F1 Qualifying :-D

[scottman72] 26/10/2019 19:54

And as we speak it looks like its broken down :-(

[scottman72] 26/10/2019 19:52

Depends what happens shortly :-D
I can't see anything but a good rise on opening. If this is in the region of 8.5k then 10% is reasonable. If this is 10k+ (there are several points of resistance above 10k) than I can see a considerable increase. I believe that ARB is undervalued at the moment, even taking into account the halving next year that will be supressing the share price a little. If this breaks to the upside this is a very bullish event which would start the bulls on the sideline re-investing and would suggest the start of a ramp.
Stocks trend a lot of the time to foloow repetitive events, they define though processes in the trasers. This is why fractals are analysed. The previous events around halving's, as mention by others before, will by there presence influence BTC price towards this halving. So BTC will rise from November onwards without doubt.
ARB is at the bottom of its rising channel, any rise in BTC should spark a rise back to the top of its channel. So over the next month ARB should return to 11-12 region if this breaks to the upside.

[hootza616] 26/10/2019 19:40

$8.5k is better than we were at close Friday so would be interesting to know your chart predictions for ARB Scotty. Do the tea leaves predict a small rise or a big rise?

[scottman72] 26/10/2019 19:11

Not necessarily.
Could be higher or lower :-P

[sweetnodude] 26/10/2019 18:55

Up or down it is then.

[scottman72] 26/10/2019 18:09

Interesting that the current BTC trends can form both a bull flag and a descending triangle with points this evening. Will be interesting to see which way it goes. Either way could be a move up or down about to happen again. Upside probably around 10k+. Downside, probably back to 8.5k.

[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.