The Litepresence Report on Cryptocurrency

PaulConventionWV said:
Is the PPC run over for now?
Click to expand...

Not over, just taking a bit of a breather. Its back moving again.

New Moon in 4 days. It could peak on the day, 2 days after like last time, or who knows the day before. We only have a very few months of data, so can't be sure. Just need to keep monitoring it hourly at this point.

Right now I am loaded more heavily in NMC, because when it goes, it tends to go fast with only minor pullbacks.

Got totally out of XPM last night as it usually pulls back the hardest. Will wait for a bottom and buy back in but only with 10% of the overall play this time around.

More heavily weighted in PPC and NMC like last time.

I personally find it harder to peg LTC, so until I can figure it out better I will stay away.

Taking a gamble that the DOGE will sit quiet till 6 Feb while all this is going on. May be wrong, and in that case I have my mined DOGE's listed for a high pump and dump price of 700. Probably won't be happening as frequently now that the market cap is so high and daily traded volume is high, but just in case, might get lucky.
 
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SomewhereInOz said:
Taking a gamble that the DOGE will sit quiet till 6 Feb while all this is going on. May be wrong, and in that case I have my mined DOGE's listed for a high pump and dump price of 700. Probably won't be happening as frequently now that the market cap is so high and daily traded volume is high, but just in case, might get lucky.
Click to expand...

Pump & dump indeed. Doge is going to have a bad time. 100 trillion is an insane amount. 1 trillion alone is 1 million one millions. People can't comprehend a number that big. The US National Debt is 16 trillion. 500K average (Sometimes 1 million) every minute. Should call it hyperinflation coin. People are dumping their money into something akin to Zimbabwe economics without realizing it because they're distracted by the meme humor. A few 4chan's will do quite well though.

So glad these are all on separate blockchains.

So when does this Zerocoin thing go live and what are the specs? I want sum.
 
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Happy Australia Day!

Two more hollow red MACD bars on the 12 hour as anticipated.

https://www.dropbox.com/s/pq3qurxs3eq7z9m/Australia Day 1.jpg

Thought I would have a play at drawing the new trend channel for PPC on a Logarithmic scale and then in Bitcoinwisdom converting that chart back to linear. Thus the curvy trend channel lines in linear scale that we see here. Seems our recent price spike low and now consolidation and move higher is a bit greater than it was last time around.

So could we see a pretty good spike high in PPC this time around?

Personally I will be getting itchy to start selling anywhere around 0.0095 and take profit, but could it be we will see 0.015? I think it would be a brave soul to hang around for that long hoping there will still be buyers.

This recent pullback is aligning itself pretty well to the 1 day left prior to launch time scenario.

https://www.dropbox.com/s/coyvvy78tt203c0/Australia Day 2.jpg

You can see the actual resistance we will be working through for the few days prior to the actual launch itself (0.00692 to 0.00785)

The distance between the purple and orange vertical bars in each case (last month and this) represent one full day, so we probably have a bit more sideways to downwards action for PPC, NMC and XPM over this time. From this chart PPC seems to be adhering to old support lines now becoming resistance. Sold a bit of PPC last night and still watching for 0.00627. Might not get it, but will be watching.

Remembering right now we are sitting on the northern side of the Himalayas and looking up at Everest. We need to remember what is on the other side if we don't get out in time . . . namely we get a month of this :-)

http://www.youtube.com/watch?v=wb_yDBmRgmU

Last night on XPM, seeing all those green candles and then the approaching red resistance line, I decided to sell the lot and get out.

https://www.dropbox.com/s/kbna0ysz4n7fofv/Australia Day 3.jpg

However, this time instead of taking cover in BTC, I decided to use the IFC/XPM cross on Cryptsy to see if I might be able to grow some XPM while it was falling for what I anticipated to be 24-36 hours. Don't forget that these other XPM crosses exist at Cryptsy.

https://www.dropbox.com/s/boh5os7kolwv4mh/Australia Day 4.jpg

A bit glad I did. My bail price on XPM was around 388. Since that time IFC/XPM has moved to 450 from 331 or around 35%. Not a bad play while XPM is falling. Hoping IFC/XPM will head over 520 and then slowly will begin exiting out of those and back into XPM by tomorrow night. Might turn the initial 300 XPM into 420+ or so for the resumption of the move higher against BTC.

Anyway, Australia Day here, so Happy Australia Day 2014. Summer's nearly over, yay cooler weather for the rigs. Here's my wallpaper for the day:

https://www.dropbox.com/s/ne1sdn20jguus8b/Mooncoin-You-Know-Where-Its-Headed-Mate.jpg

. . . for heavens sake, don't forget to keep mining those Mooncoins. :-)
 
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SomewhereInOz said:
However, this time instead of taking cover in BTC, I decided to use the IFC/XPM cross on Cryptsy to see if I might be able to grow some XPM while it was falling for what I anticipated to be 24-36 hours. Don't forget that these other XPM crosses exist at Cryptsy.

https://www.dropbox.com/s/boh5os7kolwv4mh/Australia Day 4.jpg
Click to expand...


Is Cryptsy your usual exchange? I've been trading a bit on CoinedUp but it tends to be a bit slow.

And Happy Australia Day!! If you have any excessively warm weather, can you box up a bit of it and ship it to the eastern United States? ;)
 
KCIndy said:
Is Cryptsy your usual exchange? I've been trading a bit on CoinedUp but it tends to be a bit slow.

And Happy Australia Day!! If you have any excessively warm weather, can you box up a bit of it and ship it to the eastern United States? ;)
Click to expand...

Thanks, will try to send some your way. Yes Cryptsy is my usual. Like CoinedUp its also slow, but you get used to it particularly if playing a planned move. I think working with anything under 20 BTC and working on multiple trades its ok, but beyond that its probably time to move to a larger exchange.
 
The spread between gox & bitstamp is almost $200 now. I've heard rumors that gox might be shutting down soon. Are they trying to push up a fictional price to entice more customers?
 
Paladin69 said:
The spread between gox & bitstamp is almost $200 now. I've heard rumors that gox might be shutting down soon. Are they trying to push up a fictional price to entice more customers?
Click to expand...

There's no way this can keep up. That's insane.

I'm trying to wrap my head around why anyone would pay over 1k for a BTC when they can get one for a little over $800. It doesn't make any sense.
 
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PaulConventionWV said:
BTC seems to have a lot of support. It never pushes downward for long before it bumps back up in the mid 800s. I think I'm betting on it staying around there before the next meteoric rise. I don't think it's going to go below $780 again, but just a guess, really.
Click to expand...

I agree.

With big name companies like Overstock and TigerDirect accepting BTC, I'm guessing we're about to reach a whole new level of public awareness. And with it will come another "surge" in the BTC price. Very likely a number of the lesser cryptocurrencies will surge as well.

A rising tide lifts all boats, as they say!
 
KCIndy said:
I agree.

With big name companies like Overstock and TigerDirect accepting BTC, I'm guessing we're about to reach a whole new level of public awareness. And with it will come another "surge" in the BTC price. Very likely a number of the lesser cryptocurrencies will surge as well.

A rising tide lifts all boats, as they say!
Click to expand...

Totally agree. It is why I am holding on to the BTC I originally bought to trade for RPC. It seems the trend of accepting BTC as a valid form of payment is spreading like wild fire with everything from hospitals to online stores beginning to accept it.
 
PaulConventionWV said:
BTC seems to have a lot of support. It never pushes downward for long before it bumps back up in the mid 800s. I think I'm betting on it staying around there before the next meteoric rise. I don't think it's going to go below $780 again, but just a guess, really.
Click to expand...

I think we'll get close to 600 one more time. Have your fiat ready. Financial regulators are announcing something sometime in Feb after their meeting. Weak hands will be shaken out & quickly replaced. Once the tax & license rules are clarified, the investment world will stop sitting on the sidelines.
 
Paladin69 said:
I think we'll get close to 600 one more time. Have your fiat ready. Financial regulators are announcing something sometime in Feb after their meeting. Weak hands will be shaken out & quickly replaced. Once the tax & license rules are clarified, the investment world will stop sitting on the sidelines.
Click to expand...

One last buying opportunity! :D
 
1 Hour Ichimoku Clouds - PPC, NMC, XPM

Just about 10-12 hours left to go until PPC, NMC and XPM resolve their upwards rising penants. The thing to watch through this time is how they perform against their respective 1 hour Ichimoku clouds

PPC first needs to bump into its Ichimoku cloud, ride it up and then punch through resistance @ 0.00692

https://www.dropbox.com/s/z86l0cvu2mdq8gq/PPC - 27 Jan 14 Ichimoku.jpg

XPM is already above its Ichimoku cloud and wondering about moving higher through resistance but not sure yet

https://www.dropbox.com/s/30ask7zyma9xa93/XPM - 27 Jan 14 - Ichimoku.jpg

NMC is the one to watch early on because its soon to hit its 1-hour Ichimoku cloud and ride it up

https://www.dropbox.com/s/51cpx1jqz3fdrgq/NMC - 27 Jan 14 - Ichimoku.jpg

The green line is NMC's long term trend line. After 10-12 hours a strong move then to punch through resistance @ 0.00752

This possible because BTC Huobi test of long term resistance and a rejection and a move down. Rises like this are required to form the dragontail continuation on towards big penant resolution on 1-3 March 2014.

https://www.dropbox.com/s/ygto718x5by32l9/Huobi - 27 Jan 14.jpg

So lets watch what NMC does in the next few hours, because once one of these 3 Alts goes the other two get dragged up with it.
 
SomewhereInOz said:
Just about 10-12 hours left to go until PPC, NMC and XPM resolve their upwards rising penants. The thing to watch through this time is how they perform against their respective 1 hour Ichimoku clouds

PPC first needs to bump into its Ichimoku cloud, ride it up and then punch through resistance @ 0.00692

https://www.dropbox.com/s/z86l0cvu2mdq8gq/PPC - 27 Jan 14 Ichimoku.jpg

XPM is already above its Ichimoku cloud and wondering about moving higher through resistance but not sure yet

https://www.dropbox.com/s/30ask7zyma9xa93/XPM - 27 Jan 14 - Ichimoku.jpg

NMC is the one to watch early on because its soon to hit its 1-hour Ichimoku cloud and ride it up

https://www.dropbox.com/s/51cpx1jqz3fdrgq/NMC - 27 Jan 14 - Ichimoku.jpg

The green line is NMC's long term trend line. After 10-12 hours a strong move then to punch through resistance @ 0.00752

This possible because BTC Huobi test of long term resistance and a rejection and a move down. Rises like this are required to form the dragontail continuation on towards big penant resolution on 1-3 March 2014.

https://www.dropbox.com/s/ygto718x5by32l9/Huobi - 27 Jan 14.jpg

So lets watch what NMC does in the next few hours, because once one of these 3 Alts goes the other two get dragged up with it.
Click to expand...

Will be watching. So far, to me, it doesn't look like we're setting up for a big 1/31 crash as the trollbox keeps saying.
 
 
Dianne said:
Will be watching. So far, to me, it doesn't look like we're setting up for a big 1/31 crash as the trollbox keeps saying.
Click to expand...

Well, one last big crash before the beginning of february wouldnt be that far-fetched. And then slow rise unless other big news come up.
 
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