Any bad fundamental things happen to walton seems its so far the lowest performer on Binance, very tempted to buy some.

He posts the embed here before he goes on. Usually 11am and 7pm eastern US time.


So we're about to touch $8.5k. Looking good?

Exciting times about to be half the market cap of the previous ATH.

Also not sure if I should put my remaining fiat in and check back in in June looks like its just up from here

Can you watch them afterwards as well?

Right now, I think we're officially hitting the trendline in the log view in this area. Daily has EMA's overhead though. Not sure where it's going from here, but even if it blows through, I think I'm looking for 9.2k+ and a couples day close with strength.

What are your thoughts here sir?

Yes you'll be able to watch them afterwards.

Here's the link to his YouTube page

https://www.youtube.com/channel/UCnw...NtLH8NgTeAROFA

Haven't been monitoring chit for a while. Are weekend dips still a thing? Been holding but got some spare money and I think about buying some alts but dunno if I can scoop up a better price on Sunday

That dump was nuts. Had to been some news but I don't follow them.The daily is looking like AMB was last week. I think I even posted it on here. Now look where AMB is. I bought some Walton yesterday but sold on a pump. Tempted to pick up some more today

They just keep going from strength to strength, they are just **** house in promoting. It doesn't help that they still aren't using a native english speaker in all their communications, it isn't reassuring and comes off scammerish seeing their medium articles. It's almost as if they are trying to stay as Chinese as possible and not give in to getting a westerner based marketing team, which makes sense to a degree as they are entangled with Xi's govt who are pushing the "chinese greatness" narrative.

Apparently they lied about some partnerships, and a youtuber named Ian Balina got hacked 21 million ncash (worth ~700k). So maybe the "hackers" dumping all that coin could have brought the price down.

We survived fellas! Congrats to everyone that didnt lose hope.

The sleeping giant.

They just tweeted that they met with Accenture which is a global 500 consulting firm, hopefully a collab further down the road

This upcoming dump is going to sting. Remain cautious.

Really need appc to do me a solid and at least get back over 1$

Purchased at $2.93 crew, I'm fkd LMAO

What are u trying to do here m8

Right @ that Log trend line today.

I'm not the most talented chart guy but feel like if we have daily closes above 9k this time next week consistently we'll be looking good.

On what are you basing all this?
Sentiment seems to be all good? I know you spoke of EMAs but I legit know very little about TA. Psychological wise it seems morelike people are ready to fomo in? I'm just trying to understand why you seem so against this pump it has been steadily gaining for a week+ now but you legit seem convinced we are about to hit another leg down?

No hate just legit curious

You're basing it on one weeks performance where the bears didn't even attempt to enter. One week of steady gains isn't going to reverse a 5 month downtrend. The volume has been crap and I guarantee if the bears wanted to we would be well under 7k in 24 hrs. This is not what a reversal looks like.

My theory is the bears have let off the gas and are letting the market drift up to like Hebrew said, a 12 hr to day close above trend line. Trap some longs, squeeze the shorts, add a lot of fomo to the fire and then they'll apply the throttle.

That's what I'd do

Disclaimer: don't trade off what I'm saying I believe is my own opinion.

I will not sit here and claim I'm an expert man, but IMO - yes, everyone is in FOMO mode, which is exactly why I'm sitting back. I have learned through trial and error to expect the exact opposite of what the market sentiment currently is.

This market has printed bear flag after bear flag, and broke upwards. This morning around 8300, the bulls were losing momentum, until someone punched us through. I just feel it is totally artificial. This many mixed signals for me and my strategy, doesn't say we're going to the moon, my strategy says hold off just yet. Like Jamal said in his post, in a week if we continue to produce above 9k and actually see higher highs, I will strongly consider jumping in. I just have seen these traps the entire way down on this trend.

It also makes perfect sense, from a big money stand point. In order for someone to win big, many people are going to have to lose big.

Also, like I explained to BJJ in the last thread, the Log view vs the Linear view boast two different trend lines from the top down. The one everyone is bullish on, is in linear view. Change it to a log view man, and look for yourself - we've just reached that trendline. Again, not saying this is definitely it - but in my head, it all makes sense to fool the masses. Along this descending trendline, bitcoin has not yet and still technically has not printed a higher high, based off our last local high of 9k or so. That is the level many of us are waiting on to see broken, convincingly.


edit: I pulled two random charts off TV so you can see the difference in views/trendline NEITHER of which are for trading advice, just for show. Before I brought this up a week or so ago, I tried to clarify - because it has been my understanding that long term trends, supports, and resistances should be done in the largest view possible on a log scale.

Linear:https://www.tradingview.com/chart/BT...qMVGB6-BTCUSD/

Log:https://www.tradingview.com/chart/BT...nday-April-23/

It'll get there. Be leaf. I'm just trying to day trade it and accumulate more since i can't buy any more.

How does the volume play into this I always see this being said but I know it only offers more liquidity if not mistaken how does it affect the price?. I see the histogram at the bottom I assume that shows volume? But what it really helps indicate I don't understand like when does one know the volume is low and so? Is this compared to previous months or? I Do recall him saying it's also going against any logical movement wouldn't it also indicate that indeed we are in some sort of reversal?

Edit: just saw Hebrewhammah insightful reading it as we speak, also just tried repping you but says I need to spread my reps around first

Truly appreciate your insight man as I'm really trying to get into the idea of understanding TA and so forth. I just usually traded of news that came out and seeing how the market was going.

Of course, many itt are long term hodlers. I'm not trading that way, I'm swing trading. My long term investment is ETH. If you're long term, you're safe so long as you don't withdraw.


But your absolute best trading strategy, is wait for the confirmation before jumping in on the trend. Srs. I am especially weary of an unregulated market. A lot of people think this is it, but again, no market has rebounded that quick from any significant crash that I am aware of. I honestly don't even think bottom is in, in 2014 we hit 1200 - and over the course of a few months the low was like 150? That's huge. History can definitely repeat, but I'm not even counting on that either - I'm just waiting for more information to be provided. Don't let greed put you in a bad trading position by jumping the gun.

edit: The other thing that makes me weary, is the entire way down the bears were right there the whole way. All of a sudden they're nowhere to be found??????


Here's a good free resource. Details trends, resistances, overlays, indicators.....just about everything you need.

http://stockcharts.com/school/doku.php?id=chart_school

Keep an eye on your short positions also. If the shorts start building up again, could be a grim sign.

Pull out and look at the daily. Scroll back to previous times we went parabolic and fell. Find the bottom and that's what a reversal looks like. Also, the bottom in a reversal happens very quickly. Not this flat accumulating bottom we had a few weeks ago.

I personally think we won't see a move by the bears until next week sometime so I'll ride some of these green dildos with you guys too. I'm really hoping for a strong Eth breakout today.