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C12

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Everything posted by C12

  1. It's basically a play on the idea that the lightning network is not going to succeed and there will be a huge stampede into NANO in a couple of years time. Looking at the other coins on your list, all very nice projects but nothing that can compete with NANO in the 'payment coin' space. I'm only interested in payment coins rather than the multi-layered projects. NANO does have a few issues, currently centralisation where the primary nodes are still the developer reps but this will get better over time. Also privacy is an issue but that will work in it's favour when it comes to fiat gateway. Which brings me to the best thing about NANO. Once it gets a fiat gateway, it will become the primary coin for all inter exchange transfers. I can imagine it will then replace BTC as the primary Alt trading coin.
  2. Bought a nice pile of NANO (ex RaiBlocks) today at just over $6. I did have some irrational FOMO last month and poorly timed some premature buys at around $12 - $13. I see this as the ultimate payment coin that will completely destroy LTC / BCH over the coming years. The plan is to accumulate dips over the coming months on just this single coin. I'm hoping to load up between 3000 to 5000 of these for a long term hold.
  3. Ethereum and Ripple now entering the buy zones. However, both are not oversold on the weekly charts so may just be a bounce coming up before more declines. A break below here, ETH has zero support until $60. No longer interested in accumulating any XRP. I think it's a ponzi coin. I like NANO.
  4. Thought I'd start up a thread to share some technical analysis on gold, silver, cryptos and anything else anyone is interested in. It might be useful for those looking to time their purchases but not necessarily as investment advice. I've been trading for around 6 years and was a full-time trader back in 2013 (as a intraday low timeframe scalper). I now trade the forex majors in my spare time on higher time frames. I look at the markets in a very similar way to Richard Rock. I don't use indicators or oscillators like RSI or stochastics since these lag behind price. I've been running an active thread for the last 5 years on a forex trading forum over at - https://www.forexfactory.com/showthread.php?t=390673 Anyway, let's start with Gold. Since it's new year I'll start with higher time-frame analysis. The monthly looks particularly bullish. We've broken up out of a 6.5 year downtrend, have successfully retested the 50% retracement of the bull move from 1999 to 2011 and the chart is suggesting a move higher. I do see a potential on the monthly for another retest of the breakout line. There is a fresh demand zone below which should mean price is well supported, even if it drops back below the breakout line. Looking at the weekly, the bullish picture is even clearer. You can see all the supply levels above have been tested and the levels (targets) are marked off above. This chart suggests we may be off to the races in terms of a significant up-move.
  5. Next leg down in crypto seems to be in play and could be a sharp one. You can call this the 'Burj Khalifa' pattern. This could be the final capitulation so will be interesting to see how things play out.
  6. Here's the latest Bitcoin chart. $5,000 is still in play imo. Weekly isn't yet in oversold territory. Ripple still needs to revisit $0.45. Ethereum $400 and Litecoin around $95 or slightly lower. I'm planning on allocating a few grands worth of speculation cash to buy some of the top market cap cryptos at those price levels.
  7. Yeah I think cryptos are the most vunerable assets of them all and people are getting their asses handed right now, specifically in the Altcoin space. Who knows how badly they'll get hit when the stock market bubble collapses. Technically all the top market cap coins appear to be offering another 50% haircut from current levels. Ethereum at $400 (now $828), Ripple at $0.45 (currently $0.95)and Bitcoin back at $5k is still on my radar. I can see some of these coins retracing their entire bull moves from 2017.
  8. That wasn't a bad shout but got stopped out on the trade. Identical arrows still on chart. Now rolling over at the daily supply level. I get the feeling this bear trend isn't over yet.
  9. Yeah I remember driving to a cash point at 1am after watching late night news during the peak of the banking crisis in 2008. There were people queuing up trying to withdraw cash. It was pretty frightening at the time. Those under 32-35 probably wont have any real recollection of these events 10 years ago. As for traders, people just love trends. Who would buy stocks right now? The risk / reward ratio is completely inverted. Take a look at Apple on the monthly which is technically horrific. I don't usually look at declining volume or bearish divergence on oscillators but this is a real stinker.
  10. Yep, I know a lot of people are banking on inflation which would be great for us gold / silver holders. I think what's coming will take years to clean up. It will completely take everyone by surprise and the governments and central banks will be miles behind the curve in terms of QE or stimulus. Best thing now is to start thinking about liquidating assets (apart from physical gold or silver coins), accumulating cash and getting it to safety. NS&I accounts are our best bet in the UK. Also 6 - 12 months survival cash in bank notes. I feel like the clock is now ticking and last weeks stock market scare was just the tip of the iceberg. 9 - 12 months max before the storm hits.
  11. I think gold still looks good for a move up from here. Thought we might have had a bit more of a pullback back to $1,300 but looks like it just wants to make a run.
  12. It's a tricky one but my timeline from here would be something like: Stocks enter a disorganised topping process that could take 6 - 12 months to play out. Interest rates continue to rise. Commodities should do well initially, gold especially to make a run for the all time highs. The housing market rolls over Finally a collapse which takes everything down and make 1929 look like a picnic, banking collapses, ATM withdrawal limits etc. The next crash will be the real stinker we should have had in 2008-2012 and it wont be pretty.
  13. There is very little base money underpinning the hundreds of trillions of debt that is artificially pumping all asset prices. We're now at a point where new debt is required just to pay the interest on the existing debt in the system. This system is primed and ready to unravel. As the everything bubbles collapses, there will a huge deleveraging event that takes place and a scramble back into cash. It will just be a re-run of 2008 on steroids. The hyperinflation will only occur through complete loss of confidence in the government or rapid and blatant expansion of the base moment supply. Both of these will eventually arrive but this will be due crisis response - ie The US congress may decide to mint a huge pile of Trillion Dollar platinum coins to monetise the national debt or some crazy method of flooding the entire system with cash.
  14. I don't think we can have rising sovereign bond rates, a banking meltdown and a stock crash at the same time. My guess is that the last week's drop in stocks was a head fake and we continue higher, rates up, bonds down and commodities to blast off. Ultimately we may see 6 - 12 months of inflation before the whole thing falls apart and the deflationary collapse begins to take everything down.
  15. I think we're going straight to deflation and a re-run of 2008 on steroids. We're looking at a early stages of the unwind of the everything bubble.
  16. DOW This could be a significant blow off top looking at the unfolding monthly candle.. Potentially the most significant bar we've seen in 30 years, looks even more extreme than when silver hit $50 in 2011.
  17. Looks like the plunge protection team are out en force today.
  18. Another interesting day in crypto markets. I'm not convinced this bear market is over. Bitcoin spiked through the demand zone of $8,400 and uptrend support. I think we may still see $5,000 at some point, Litecoin at $65 and Ripple at $0.42. Ethereum is a tougher chart to read but possibly a test of $400. The cleanest level of untested Bitcoin support is $1460.
  19. I put a chart up showing Bitcoin would crash on January 1st. In the same post I wrote that Alt coins would be a better option.... That was a dreadful call. We're now getting close to areas i'm interested in picking stuff up but going to be very very selective. I did buy a small bit of Bitcoin and Litecoin to test with (transferring to a wallet, then Binance and bought in and out of a few Alts). To be honest, I'm not sure this current crop of "Blockchain" coins will survive. Payments are far too slow (10 mins to 45 mins) and the transactions fees constantly eat away at your holdings. It seems blockchain networks are designed to become more and more clunky as they grow.
  20. We've hit the demand zone, right on the uptrend line at $8400 Closed out the short from $19,400 and looking for a bounce here. SL at $7500 - TP around $12,500.
  21. Another day, another crypto crash. Now closing in on nearest supports (not necessarily bottoms) around these levels: Bitcoin - $8,400 Litecoin - $110 Ripple - $0.5 The Altcoin market is an absolute horror show... 70% to 80% plus down off all time highs for some. Ethereum holding up very well.
  22. Well deflation is a decrease in the money supply, leading to falling prices, bankruptcies, bank closures, ATM freezes, wide-scale unemployment etc. This is an environment where currency becomes king, at least temporarily. After that we'll find out what the stimulus response will look like.
  23. I'm starting to lean toward the deflationary camp at some point in the near future, ie - a collapse of the banking system. Everything going down, including stocks, housing, cryptos, possibly even gold will be hit. I can't see these bubbles lasting any longer than another 12 - 18 months. People were parking their cash in NS&I savings back in 2008 which was the safest place to hold fiat. I remember at the peak of the crisis they locked down new account registrations, so now is probably time to apply for one. We should have had deflation in 2001 but they've somehow managed to engineer 2 even bigger debt bubbles. The next crash will be the big one.
  24. Not sure if anyone has been following the Tether story, but it looks like we're going to see a severe crisis event across the entire crypto markets. The market is being propped up and manipulated by fantasy US Dollar Tether tokens which will soon be exposed as unbacked and worthless. When this happens there will be a wholesale stampede for the exits. No doubt exchanges will be shut down and confidence will be shattered. If you've got any significant crypto exposure you definitely need to keep a close eye on this one. https://www.reddit.com/r/Tether/ http://jamescrypto.com/the-difference-between-inflow-and-market-cap-and-how-it-relates-to-tethers/
  25. Looks like the regulators are stepping in. Things are about to get interesting. https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc