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Home on the Range Update No. 9,999 12/8/23


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Posted

Just because a move looks extended on an hourly basis, it doesn't mean that it's extended on longer bases. 

Hourly: 

12lgd5

2 hour bars:

12lge2

If this thing breaks out, it could go a lo-o-o-o-o-o-o-ong way. 

But if it breaks down the extended negative divergence would portend deep shit ahead. 

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Posted
2 hours ago, fxfox said:

With the christmas gift of mama Yellen in mind the odds aee in favour of a breakout to the upside, no?

It won't hurt. That's for sure. 

Posted

Bitcoin trades very technically, behaves nicely to sup and res and MA‘s.

Although I hate it, I would trade it. But only if an ETF would be introduced, never ever would I trade an ETC, too much counterparty risk.

Posted
On 12/9/2023 at 7:37 PM, fxfox said:

Bitcoin trades very technically, behaves nicely to sup and res and MA‘s.

Although I hate it, I would trade it. But only if an ETF would be introduced, never ever would I trade an ETC, too much counterparty risk.

Can't you just buy and sell the old fashioned way, with a Bitcoin wallet? 

Posted

The whole BTC concept was based on anonymity. The entry of Wall Street and other schlock operators changed that. They smelled blood in the water. 

Posted
1 hour ago, DrStool said:

The whole BTC concept was based on anonymity. The entry of Wall Street and other schlock operators changed that. They smelled blood in the water. 

Guess MS 13 trades Bitcoin too 😂

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