Baltic Oil Terminals Share Discussion Threads

[hpcg] 10/6/2018 23:50

Ah OK, didn't realise that. It isn't a coin I look at. Tonight they were telephone only on BTC/ETH as well, which was interesting.

[suffersnofools] 10/6/2018 22:36

Ig has been close only on bitcoin gold for about a month - they're over their limit.Big capitulation today - needed to happen.

[hpcg] 10/6/2018 20:38

Shame to miss a decent move down like this. However I'm still out as no idea what will happen next. LTC looks desperate. I still can't work out how the divergence of support levels will play out. Bitcoin and Ether still look so different.

IG has closed its market for bitcoin gold so I guess they think that is is gonna, or perhaps no one is interested.

So there are only three sensible actions for Bitcoin IMO. 1) if a holder then sell 2) if not a holder buying at apparent support in action, or 3) if not a holder do nothing. 2 is very high risk. As I write there is buying but holding or buying can only work if that overwhelms those following action #1.

[hpcg] 07/6/2018 13:05

As soon as a behaviour becomes well known it will be arbitraged out of existence. So if 6th of month is a reliable turn then people will act before hand anticipating it. Then when it didn't happen because of all the anticipation traders would likely unwind. I think a lot of people will be looking at the end of the wedge.

[sideshowbull] 06/6/2018 17:43

Nice, they should really call it a pennant or wedge for us geeks.

[suffersnofools] 06/6/2018 13:39

Job done then :)

[sideshowbull] 05/6/2018 18:45

When you look at the daily it looked like a bear flag twice, seems to be morphing into a channel I just keep buying as low as I can and Hodling.

BWTFDIK

sideshow

[suffersnofools] 05/6/2018 17:33

So bear trap it was. Drop it below the trend floor, hold it there on the 4hr and then pump it!

[suffersnofools] 04/6/2018 14:14

This looks like a bear trap to me. I think news of a BTC ETF is imminent - which will be a game changer for the entire market.

The bear flag has been forming on the hourly for the last week. A break and hold below the channel floor around 7450 is the one to watch, but then the price action has been suspicious in recent weeks. Too easy for the whales to create a pattern and then drive it against the retail market.

[hpcg] 04/6/2018 14:10

I am surprised how quickly the up move seems to have turned. I was expecting the next move down to start from above 8000. I am out of the market until there is a decisive break one way or another.

Random - yes I see what you mean. If that is really the case the fear of hodling must be intense. The charts above imply that each coin should be following its own course by now, but they still all trade in the same direction. From a personal perspective I have been treating bitcoin as the leader but often using ETH has the vehicle to capture some of the pull back in the ratio of the two for additional beta. Until very recently this was against the up trend of that ratio, though for the last pull back it was by far the best choice. The questions in my mind are does ETH have its own possible area of support, and if it does would that in turn provide support across all coins?

[suffersnofools] 04/6/2018 14:01

Yes - need a move above 7800 sooner rather than later. Having said that I'm seeing a lot of indicators showing bullish signs.Also interesting to note outperformance of the alts. Normally the tier 1 alts lag BTC but my bch, and iota have had storming runs last few days.

[random] 04/6/2018 13:54

on a slightly shorter daily view, BTC is at resistance on a downward channel ... the bulls need a breakout above soon, or the lows are back in play.

[hpcg] 03/6/2018 21:20

Interesting and somewhat predictable rise. Lows and highs are getting closer and closer together. The direction of the subsequent breakout will be all important.

Edit - possible to interpret bitcoin as a descending triangle whereas ether is basically symmetrical.

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[random] 03/6/2018 13:18

the proxy I was using was tapping the miners in a covert way. Instead of reconnecting after an error, it was silently connecting to the dev's mining pool, and never disconnecting from it. Patched it up today and testing it works correctly. Oh well, I've fully paid the devs, so forking the code is fair game lol.

Easy to test, pull the network cable out the proxy ... It works :-)

... meanwhile the dev pool already has excellent fault tolerance ... funny that ;-)

[mots] 02/6/2018 01:29

Back online after an hour or so - but not fkin good enough

[mots] 02/6/2018 01:18

Any one else use IG here ? No phoneline avaialble.


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[suffersnofools] 31/5/2018 12:10

Nice bit of news!

[doodlebug4] 31/5/2018 12:04

NASDAQ Exchange Announces Support for Bitcoin, Litecoin, and Stellar

[suffersnofools] 29/5/2018 22:17

Another bounce of a key area. 6800/6900 holding.

Nice 15% profit on IOTA since buying this morning.

[spadman] 29/5/2018 21:36

Or you could just join a mining pool, scamming idiot

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