Last month, I accidentally sent 1000 STEEM to the account @bitrex instead of @bittrex and considered ending my trading-career...
But I was soon made whole by the grace of the ETC pump!
It was another trading day
I'd considered moving my Bittrex trades over to Poloniex - since STEEM was now tradeable on it.
A voice inside my head tormented me with the words: "Muh volume".
NO!
My Forex-guru Dave Morris always told me: "Son, no true Technical Analyst would sacrifice Indicators for Volume".
So I carried on as I always do...
I woke up, turned on my phone anticipating 2 factor authentication, and signed into Bittrex.
As agitated as a toddler, I rushed over to the 'markets' section of the site, and opened up the $Steem/BTC chart.
HUH?
Is that a Bearish shoe-Bomb?
Gods! Don't let it be true!
My Forex guru Dave Morris once told me:
"Son, a Bullish Butterfly fears no retracement...but it fears a Bearish shoe-Bomb"
Wise words indeed!
I didn't want to believe it.
So, I opened Paint, drew the lines and the facts lay bare.
The Fibonacci Butterfly spread its Bullish-wings, but couldn't withstand the blast from the Bearish shoe Bomb.
I then selected some indicators : MACD, Spirals, Centre of Gravity, 50 SMA... - I'm a numbers guy; I don't make financial decisions based on superstition.
Yep. Indicators are painting the right picture.
I don't know whether to laugh or cry.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Problem is that we have a promotion problem for decentralized blockchains, and that's what the charts are kind of showing. I wrote about that tonight
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Both?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do bears wear shoes? Are claws shoes?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can always rely on inertia for pertinent comments :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@iertia Clogs are shoes... Bear Clogs
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Have you considered doing a technical analysis?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How is this satire? It's no more or less useful than any other technical analysis.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
haha!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Huh, what did he say???
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
BUY! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@satire This was fucking awesome!! And I hate using that... word but nothing else seemed to fit. I look forward to more of your posts brotha.
Edit: I had to read that again.. fuc%king hilarious!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks bro! I may do a daily series :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@satire You should for sure man.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I upvote U
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit