The Litepresence Report on Cryptocurrency

Clear breakout occurred just minutes ag 4994 on huobi now back down to 4966. shit.
 
SomewhereInOz said:
How much DOGE do you want in your Portfolio? I don't know, but the more vids like this I see I'm thinking very heavily weighted!

http://www.youtube.com/watch?v=3wL1xNHq9ok

Never see videos like this for LTC, PPC, NMC, etc. In otherwords the Network Effect is growing and so soon shall the price be.

Have mined the first 1 BTC of DOGE and all going to plan will have the 2nd in before the block reward halves.
Click to expand...

Would you recommend buying Doge?
 
PaulConventionWV said:
Would you recommend buying Doge?
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So we are officially past the chinese regulation new year thingy btcchina even said they opened up for deposits again. So no more really bad news to say but we arent exactly seeing an uptrend. How long will it take until we are back where we were 3 weeks ago?
 
23s9nyx.jpg
 
fatjohn said:
Clear breakout occurred just minutes ag 4994 on huobi now back down to 4966. shit.
Click to expand...

have a peak at your clear breakout on 12h scale:

2ljorh3.png



also, notice the plateau of "overbought" on the 4h RSI

34njki9.png



“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” -Warren Buffett
 
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presence said:
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
-Warren Buffett

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” -Warren Buffett
Click to expand...

Second quote doesn't work without adherence to the first. And gotta be right about what's good to hold longterm.
 
PaulConventionWV said:
Would you recommend buying Doge?
Click to expand...

Yes I would invest in the DOGE, but not yet for the following reasons:


1. Firstly have a look at the latest DOGE trend channel, its down and by being patient you might just get them for 130 or 120, particularly if all works out as indicated below:


https://www.dropbox.com/s/9cj5jsk261ffq5g/DOGE-Trend-Channel.jpg


2. Right now we a look-alike situation with PPC (as has been discussed on here for a while). We have a MACD cross on the PPC 12-Hour at this moment it looks like PPC is getting ready to move through a number of resistance lines all associated with the drawn out month-long downtrend.


3. If you are watching NMC on the 1 and 5 minute its looking like its itching to break as well, but will need PPC to send the signal first - no 12-Hour MA cross yet, but its close. Currently caught up on a new downtrending resistance line which formed as far back as 11 January. NMC needs to break that first.


4. Back on PPC, it was 37 days from spike top on 28 Nov until spike top on 3 Jan. Add 37 days to 3 Jan and you come to a resolution one way or the other on PPC by 9 Feb 14. When I look at the 12-Hour MACD for PPC, we are now starting to see green bars, so it could move quick from here, or we may have a bit of a delay and the remainder of this move happening by say the 6th or 7th or 8th of February when its time to get out. Same with NMC although IF that takes off it will be fast, probably all over in Four 4-Hour Green Candles, so you will want to have you sell orders locked down on Cryptsy in advance. It all depends, could happen quicker, so you are going to need to keep an eye on it.


5. Right now the DOGE volume is lower than both PPC and NMC, and people might be eyeing off this potential move with PPC and NMC and holding off on the DOGE, thus its falling - great news if you are wanting some.


6. So the ideal situation might just be take profits on PPC/NMC on say 4, 5, 6, 7, 8 Feb (whichever date looks the best) and pump some into the DOGE IFF the DOGE price is where you want it at that time.


7. Added significance of the 8th of February is, this is the start of the Winter Olympics in Sochi. If you watched one of the last videos posted, people have been sending the DOGE in support of the Jamaican Bobsled Team and various other athletes from non-traditional Winter Sporting countries. It just may well be that this global gathering will see increased awareness raised about the DOGE then. Olympic dates here:


http://www.bbc.com/sport/0/winter-olympics/25763228


8. Of course added to this, on 12 Feb 14, the DOGE miners will see their discovered block rewards halved from 100,000 coins down to 50,000 coins which should also add to increased price pressure. Over on multipool.us, nearly every miner has been mining the DOGE non-stop since the price jump a week ago. Now over 41% mined and headed quickly to 42%.


9. In the troll boxes, miners boasting they are sitting on over $1.5 Million in the DOGE and they are right, particularly if they have been mining from day one, not selling a single DOGE and were wise enough early on to notice the Network Effect growing.


10. Right now the only DOGE I have are those I have mined recently (1.1 BTC worth). Its stinkin' hot here again (45C) and not looking like there will be a big letup all week this time around, but the rigs are hanging in there and cranking out the DOGE at a rate of 72,000 a day. This is averaging 1 BTC a week, whereas I was only counting on 1 BTC every 10 Days. If possible to achieve this through 2014 that's 52 BTC vs 36.5 BTC. However, I think after 12 Feb the DOGE won't be near as profitable, so other coins will need to compensate to keep it going - ATM LOT and TIPS seem a potential substitute, but of course tomorrow we get to have a peek at Reddcoin and see how pre-mined it is. I am pessimistic this will happen (52 BTC for the year), but we shall see.


Anyway all this to say, yes I would invest in the DOGE but not yet. Watch PPC/NMC first, take some profits, then watch the DOGE trendline and try to pick a bottom there if possible, then watch for news on the DOGE both during the Olympics and following the 12 Feb Block Reward halving. If I were the DOGE developers this would be an amazing time to increase their Network Effect and global awareness of the DOGE, and if done correctly won't step on IOC advertising rules.


Of course all of this needs to be tempered with an anticipated BTC price drop a couple of times between now and 3-6 March. If one feels safest just hanging around all in BTC through that time and riding it out until price increases start again in early to mid-March, then that is perhaps a good plan as well, because when BTC falls the Alts tend to get smashed. So that could well be another time to pick up some DOGE cheaper, but just be aware of the potential impact of both the Olympics and the Block Reward Halving.


My plan is buy/mine the DOGE now, hang on at least 3 months or until the upper Market Cap resistance line gets broken and then I will sell them and buy back in at a lower price.
 
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Web Bot Hit?

Not sure, its too early to tell, but 1 BTC = $3405 was meant to happen 15 January . . . and as $3405 is the Bankster release date on the PM's I thought it odd we would need to wait till July 14 for that to happen, especially with what is coming mid-late March 2014 and what with all the Bankster Suicides of late and all . . .

Last Week's WebBot Report kinda saw this happening didn't it . . .

https://www.dropbox.com/s/f8v6yt6nwwnsu8e/ClifHIgh_WebBotReport_26Jan2014_RP_Bitcoin.pdf

Silver 348% growth in linguistics, gotta love that!

Unfortunately it also sees this unusually late heat spell we've got happening turning to a brutal winter come July as well:

https://www.dropbox.com/s/210sbm1ydtri8b7/Brutal Winter.jpg

This will teach me to listen to the Web Bots more closely and not some long term trend charts, now won't it!

Grrrrrrrrrr!

Always best to be locked down into BTC when this happens . . . Oh well, PPC and NMC should go off their nut this Lunar New Moon, so that is a consolation prize I suppose.

I suppose you can say that the Chinese have been having a bit of a chin-wag over the Lunar New Year Holidays, and the verdict is in.
 
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btcltc said:
Both nmc and ppc should both be ready to GO. No idea why not because thers nothing holding back
Click to expand...

Not watching closely enough. The Green signal is illusive, but its obvious.

. . . and thus far its not happening!
 
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The Line?

The Line? Well of course its the MACD top downtrending line from the past two months shown in this diagram:

https://www.dropbox.com/s/jvt7u5smd3rzu6j/PPC-MACD-Downtrend.jpg

I guess its my way of realising and saying I no longer have any faith whatsoever in PPC, and by logical extension NMC (see previous posts, it explains it all). So its time to ditch, abandon and move on.

Back at 0.005 PPC bottom though, I was picking up as many PPC as I could as fast I could (10 BTC worth), knowing the chart pattern from the past.

When it hit 0.0072 I was selling 'em faster than a Snowballs Fight in Hades, knowing it hit resistance and was headed down again, most likely for at least 24-36 hours (so I thought) but as it turned out . . . 5 days.

Picked up half as many again at the bottom support line, and only half at 0.0064 because I new this wouldn't last like the last time. Initial buy 10 BTC worth, seconday buy 5 BTC worth.

I'm in the process of ditching these last 5 BTC now with a max sell price of 0.00785 which will be in a MAX Four 12-Hour periods away from now (see MACD trend line and next resistance line). To be honest, if I get 0.00775 I will be lucky. Just count the MACD hollow green bars and you will find the max sell price attainable.

From there its down, down, down for PPC or sideways for a long while, esp since we never saw the PPC Pundits overload it like they did the last time and I suppose BTC's modest rise has been part of the problem as well.

. . . and besides which the DOGE is the new REAL game in town, so why not take profits and head over there for a play next :-)

2.7 BTC in profits so far, so I am happy, but not willing to risk things further.

Anyway from all previous posts on here, now you understand the tools, the trendlines, how to read the MACD, etc. etc. Should you achieve > 0.00785 this time around on PPC, I congratulate you in advance, but I'm headed over to DOGE-Land with my winnings from here to see what I can do. Wish you luck on both PPC and NMC from here.

See you over there eventually, I am sure. Once it bottoms, we'll have a real good time! ;-)
 
Why would be gettin into a downtrend, we are free for uptrends, no bad news anymore. its gogo time from here. why dont freaking people buy.
 
Does anyone know why it's taken me over a day to get my coins out of Cryptsy? I withdrew them yesterday and they still haven't arrived.
 
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