The Litepresence Report on Cryptocurrency

[presence]

What is MA's 88 and 92? Can someone tell me in layman's language what this chart is saying.

MA is "moving average" those are the squiggly lines on your candlestick charts. Bitcoinwisdom charts come default w/ MA 7 and 30... but you can change them to whatever whole numbers you wish in "settings" / "indicator parameter"

On 12h scale, as we pull out of our current low... we must cross the 90 candle moving average. This MA will trigger resistance for many bots and many day traders will short here. So price will tag the 90 MA on 12h candle scale... bounce down for a bit... perhaps a 10-15% loss before recovering and continuing the upward trend.


As your neckbeard QA wizard, I advise you consider the CROSS of MA's 90 and 270 on 12h scale @ gox and stamp on July 15th and September 1st of 2013. As well as the support provided by MA 270 on October 2nd 2013

Happy trading!

 

[Dianne]

MA is "moving average" those are the squiggly lines on your candlestick charts. Bitcoinwisdom charts come default w/ MA 7 and 30... but you can change them to whatever whole numbers you wish in "settings" / "indicator parameter"

On 12h scale, as we pull out of our current low... we must cross the 90 candle moving average. This MA will trigger resistance for many bots and many day traders will short here. So price will tag the 90 MA on 12h candle scale... bounce down for a bit... perhaps a 10-15% loss before recovering and continuing the upward trend.

Thank you !!! That was very helpful.

 

[presence]

 

[Dianne]

Is anyone attempting to sign up at Gox for cheap coins, or is it to risky?

 

[Dianne]

Looking at the Huobi 12h NOW; it looks as though we're about to go up substantially ... So now time to buy?

 

[presence]

 

[presence]

Looking at the Huobi 12h NOW; it looks as though we're about to go up substantially ... So now time to buy?

I bought 3.31 PPC 13.46 LTC and 3.27 NMC yestday. Holding until 12h MA 90 270 cross.

 

[PaulConventionWV]

I bought NMC yesterday and LTC today with BTC, so I hope you're right.

 

[SomewhereInOz]

I bought NMC yesterday and LTC today with BTC, so I hope you're right.

https://www.dropbox.com/s/1kyieroxwml1g51/NMC%20-%2022%20Feb%202014.jpg

Man that is one Red looking chart, and without a BTC "Stimulus Package" coming anytime soon I would say its with extreme optimism that there will be change anytime soon.

But what do I know, I think it might be the Kenny Rogers Roasters sign outside my window screwing up my rods and cones.

http://www.youtube.com/watch?v=aMjgHBnpeV0

 

[presence]

 

[presence]

Man that is one Red looking chart, and without a BTC "Stimulus Package" coming anytime soon I would say its with extreme optimism that there will be change anytime soon.

lulzy


don't be fiat bag holder!

BUY RED

SELL GREEN

Never the other way around!!!

 

[SomewhereInOz]

lulzy


don't be fiat bag holder!

BUY RED

SELL GREEN

Never the other way around!!!

https://www.dropbox.com/s/lhs7qjkd2tmoc4u/Not-Quite-in-July-2013.jpg

 

[PaulConventionWV]

https://www.dropbox.com/s/lhs7qjkd2tmoc4u/Not-Quite-in-July-2013.jpg

You've got your measurements pretty precise there... What is your formula for picking dates?

Either way... I don't see March as a long way off anyway. Apparently you do?

 

[presence]

 

[SomewhereInOz]

You've got your measurements pretty precise there... What is your formula for picking dates?

Either way... I don't see March as a long way off anyway. Apparently you do?

Its not the length of time away, its the amount of pickings to be had. Be patient. Besides we still have the Gox resolution which will impact all these things. Now at 111. Gee that's a 666, a 555 and now a 111. Maybe I will get to respond again when its 000, but as that's our 911 down here, I had better not be near the telephone eh? ;-)

 

[PaulConventionWV]

Its not the length of time away, its the amount of pickings to be had. Be patient. Besides we still have the Gox resolution which will impact all these things. Now at 111. Gee that's a 666, a 555 and now a 111. Maybe I will get to respond again when its 000, but as that's our 911 down here, I had better not be near the telephone eh? ;-)

You may be right... you may not. If you are, then kudos. I'm confident I'll be in the green either way. Perhaps I'll pick up more if you are right.

 

[amonasro]

Is anyone attempting to sign up at Gox for cheap coins, or is it to risky?

Yeesh, I would not recommend it unless you really know what you're doing. I've been watching Bitcoin charts since last April and am just now beginning to feel comfortable taking some risks trading. I still stick to my method of dollar cost averaging, that is buying bitcoins every month no matter what the price.

 

[muh_roads]

I set them last night and one already cleared.

550
450
350
250
150

150 & 250 are my hail mary passes that will grab the most. And if it actually reaches that level, I will be keeping them. 350, 450 & 550 I will be using to play more alts.

In @ 550, out @ 583

I think I'll reset it for 550 again...or maybe 525

 

[XTreat]

Yeesh, I would not recommend it unless you really know what you're doing. I've been watching Bitcoin charts since last April and am just now beginning to feel comfortable taking some risks trading. I still stick to my method of dollar cost averaging, that is buying bitcoins every month no matter what the price.

Simply the best way to go for the large majority of investors.

Thanks to presence I have made a very few trades (3-4), all of them profitable, but without his advice I would still be doing exactly what you recommend.

 

[SomewhereInOz]

Help I've been Litecoined

https://www.dropbox.com/s/q1akem1wkrgsly6/Litecoined.jpg

First Goxed and now Litecoined . . . Huh? What's next?