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re: Official CryptoTalk Thread

Posted on 7/30/21 at 10:01 pm to
Posted by lowspark12
nashville, tn
Member since Aug 2009
22371 posts
Posted on 7/30/21 at 10:01 pm to
Phase f
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 7/30/21 at 10:02 pm to
First rule of fight club…
Posted by James11111
Walnut Creek
Member since Jul 2020
4683 posts
Posted on 7/30/21 at 10:04 pm to
Dont talk about phase F?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80801 posts
Posted on 7/30/21 at 10:11 pm to
quote:

What happens after phase e?

We don't own enough is what happens.
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 7/30/21 at 10:45 pm to
What a world we live in. A fricking Chainlink Twitter avatar, chainlinkgod, makes it in the cover of Fortune magazine


This post was edited on 7/30/21 at 10:55 pm
Posted by dagrippa
Saigon
Member since Nov 2004
11303 posts
Posted on 7/30/21 at 10:47 pm to
But that one red candle on day nine
Posted by BottomlandBrew
Member since Aug 2010
27151 posts
Posted on 7/31/21 at 7:41 am to
Essentially a mirror image of the accumulation chart.

Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43305 posts
Posted on 7/31/21 at 8:10 am to
For posterity

I posted my thoughts on wyckoff timing..


Considering how long the phases last, maybe push that back to late Sept or or early Oct before real bear market hits? Or...maybe just another cycle of accumulation?
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/31/21 at 9:25 am to
There will be a winter; whales will make sure of it somehow. They have to continue making money and they cannot make money if the market only ever goes up.

BTC running to 100k and then dropping back down to 25-30 is a higher chance outcome now than it was 2 weeks ago and would check every single box of expectation for a BTC cycle as well as explain why 25-30k was impossible to chew through.

I am just going to say use caution because the market is still very fragile- btc essentially has to keep hitting 1.0000 up until it breaks the previous ATH, but it can do it.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43305 posts
Posted on 7/31/21 at 10:15 am to
Yeah I'm just continuing to DCA and buy eth/BTC with yield from farming, which basically just fortifies the DCA.

I'd like to drop a good stack into crypto with the market being primed for a run, but we are about drop a bunch of fiat on detached office space for me.
This post was edited on 7/31/21 at 10:21 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/31/21 at 10:16 am to
yea this is a tricky spot to buy in short term

the 30k entry was the move two weeks ago but if you missed this current leg up, I'm undecided on the "wise" play moving fwd

Posted by Ross
Member since Oct 2007
47824 posts
Posted on 7/31/21 at 10:39 am to
You still in stables or did you dip back in?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/31/21 at 10:49 am to
I went mostly back in two weeks ago when I thought the bottom was in

80/10/10

btc/usdc/pancake yields
Posted by BottomlandBrew
Member since Aug 2010
27151 posts
Posted on 7/31/21 at 10:54 am to
What's missing between the accumulation and distribution charts is the increase between the two phases. We can't just paste the distribution on the end of the accumulation chart and draw a timeline. The space between where the accumulation ends and distribution begins could be a month, a quarter, a year, or whatever. I think it's important to look for the start of the distribution pattern to determine the time to sell some.

It should be noted that I don't know what the frick I'm talking about, and I'm in no way qualified to recognize these patterns.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/31/21 at 11:54 am to
best bet is alts right now, if you were to buy in, I think but otherwise hodl steady
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/31/21 at 12:01 pm to
NFTs are popping right now

I can't believe how much some of these "punks" are selling for
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 7/31/21 at 12:49 pm to
Was last cycle a wyckoff?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80801 posts
Posted on 7/31/21 at 1:23 pm to
No clue, I have never even heard the term until a month or so ago.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42538 posts
Posted on 7/31/21 at 4:32 pm to
ETH/BTC going crazy right now
Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 7/31/21 at 5:13 pm to
This post was edited on 7/31/21 at 5:21 pm
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