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Whats wrong with gay incest?Originally Posted by EE_
Whats wrong with gay incest?
It puzzled me for a long time to see analysts draw their lines on stock charts and refer to support and resistance. That is, until I analyzed my own behavior and realize that I place limit orders based on how high and low they've been recently. I guess enough people do the same that it has the effect of making support and resistance lines work.
Bitcoin is a lot different, but many of the people trading them probably also trade stocks, so the same dynamic would be at play.
Pretty much the same for gold and silver in terms of there are support levels and there are resistance levels in this "rigged market". The gold and silver "boat" is taking on water too and has been doing so for over 3 years now but we keep rowing.
EDIT: I wanted to be clear here in that I am not against gold and silver since I have bitcoin and '70's silver art bars.
Last edited by 1970 silver art; 4th January 2015 at 04:34 PM. Reason: added words; added comments
DISCLAIMER: My gut feeling on silver is just that................My gut feeling. I have absolutely nothing to back up any gut feeling that I might have on silver.
DISCLAIMER2: I am not really a '70's silver art bar expert but I try my best to play one on the Internet.
Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life.
ATTENTION!!! I stood up to the TP king by making a 3-roll tp bet with him and guess what?............I won.
Gold and silver are subject to heavy manipulation. Do you think the same thing is happening with bitcoin?Pretty much the same for gold and silver. There are support levels and there are resistance levels. The gold and silver boat is taking on water too.
Do you think you can rely on support and resistance levels when something is so manipulated?
DON'T TAKE THE VACCINE!
THE SHIT HAS HIT THE FAN!
mick silver (6th January 2015)
Honestly, I do not know. It would not completely surprise me if there was manipulation with Bitcoin and it is very hard to know what are the support levels and resistance levels are with bitcoin. I just watch the Bitcoin prices everyday. My approach on Bitcoin is that IMO a speculative investment and I treat it as a speculative investment in that I reach a certain buying level where I am comfortable losing it all, if the worst case scenario happens (going to zero). I do not think that will happen and will go way up at this point and I am "making a bet" by buying bitcoin. I reached my max. buying point yesterday and I do not plan to buy any more BTC and will just watch to see what happens.
Last edited by 1970 silver art; 4th January 2015 at 04:52 PM. Reason: added comments
DISCLAIMER: My gut feeling on silver is just that................My gut feeling. I have absolutely nothing to back up any gut feeling that I might have on silver.
DISCLAIMER2: I am not really a '70's silver art bar expert but I try my best to play one on the Internet.
Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life.
ATTENTION!!! I stood up to the TP king by making a 3-roll tp bet with him and guess what?............I won.
Bitcoin recovered some to the $275 level. Currently at $275.20 (Bitstamp quote) as a type this. It may not mean anything or it might mean a lot depending on your point of view. In other words, it could be a dead cat bounce that might lead to a "'lower low" or it could be the beginning of a rally from the new low of $255. I do not know. Anything is possible. We will have to see in the next few days and weeks from now to get the answer.
DISCLAIMER: My gut feeling on silver is just that................My gut feeling. I have absolutely nothing to back up any gut feeling that I might have on silver.
DISCLAIMER2: I am not really a '70's silver art bar expert but I try my best to play one on the Internet.
Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life.
ATTENTION!!! I stood up to the TP king by making a 3-roll tp bet with him and guess what?............I won.
Dayam Josie I miss reading your analyses. You have a style all your own, no doubt.
"Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
- Lew Rockwell
1970 silver art (6th January 2015)
I have to be honest with you in that I am not a TA expert by any stretch of the imagination. I just watch the bitcoin $ piece on a daily basis and remember certain times where bitcoin hits a certain mark and times where resistance points and support levels get formed. Based on my own observations, $275 was the support level that got taken out and, hopefully, the new "support level" of $255.00 holds and bitcoin rallies from that point. At the moment, Bitcoin is ~$30 above the $255.00 "support" at $285.03 (Coinbase quote). We will see what happens in the near future.
DISCLAIMER: My gut feeling on silver is just that................My gut feeling. I have absolutely nothing to back up any gut feeling that I might have on silver.
DISCLAIMER2: I am not really a '70's silver art bar expert but I try my best to play one on the Internet.
Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life.
ATTENTION!!! I stood up to the TP king by making a 3-roll tp bet with him and guess what?............I won.
Bitcoin just broke the $255 low. The new low (for now) is at $250.45 (Coindesk.com quote). Currently at $253.76.
DISCLAIMER: My gut feeling on silver is just that................My gut feeling. I have absolutely nothing to back up any gut feeling that I might have on silver.
DISCLAIMER2: I am not really a '70's silver art bar expert but I try my best to play one on the Internet.
Pepperoni Pizza + Orange Juice + Netflix + Silver art bars = My life.
ATTENTION!!! I stood up to the TP king by making a 3-roll tp bet with him and guess what?............I won.
Very alarming.
I would be happy if it just found a level and stayed there. That would make it easier to work with when using it as an actual currency.
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