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Cryptocurrency mega-thread

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Are there any indicators to say when a coin has reached its peak? Been holding Matic and DOT and both seem to have hit their peaks (just from a vibe I get) but I have no idea to really gauge how high a coin might push.
I've sold ADA and LUNA, with 1 not having gone past the point I sold at, and the other going on to double again at what I sold for.
Are there any common things to look for when a coin has peaked or is it basically luck of the draw?
 
LennyHayes77 said:
Are there any indicators to say when a coin has reached its peak? Been holding Matic and DOT and both seem to have hit their peaks (just from a vibe I get) but I have no idea to really gauge how high a coin might push.
I've sold ADA and LUNA, with 1 not having gone past the point I sold at, and the other going on to double again at what I sold for.
Are there any common things to look for when a coin has peaked or is it basically luck of the draw?
Click to expand...
DOT and MATIC haven’t even passed previous all time highs yet. Both are just going through accumulation at higher prices, MATIC nearly broke out a couple of days ago and had a 25% day. DOT in particular will continue to run with parachains launching on November 11. Neither have peaked yet and there are no indicators leaning that way either.

Good indicators for watching peaks are Market Cipher (there is a free version on TradingView), or the RSI dropping as price continues to increase (means that price is increasing on lower volume and will eventually need to correct). Good entry points are the RSI increasing as price drops, or again using Market Cipher. These are just the tools I use, but there are many others as well. All indicators work better on longer timeframes if interested in finding the peaks/bottoms.
 
Another useful tool is looking at past price history and learning where price has tended to breakup/breakdown, as these indicate support/resistance levels. As an example, I wouldn’t expect ADA to dip much further from here and to just crab sideways for a couple more weeks, it’s sitting at a strong support level.
 
This current MANA breakout was picked up by the Supertrend indicator about 20 days ago, just required patience.
 

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BACCS said:
Saturday’s are always boring, Sunday night is where things get interesting as the weekly candle comes to a close
Click to expand...
The weekly close happens at 10am AEST on Monday or 11am AEDT.
 
Raoul Pal is amazing. I could listen to him all day.

If anyone wants to understand more about finance, crypto, technology etc subscribe to Real Vision Finance and Real Vision Crypto on Youtube. There are some absolutely phenomenal interviews with people both from the traditional finance space and newer players from the disruptive sphere.
 
LennyHayes77 said:
Are there any indicators to say when a coin has reached its peak? Been holding Matic and DOT and both seem to have hit their peaks (just from a vibe I get) but I have no idea to really gauge how high a coin might push.
I've sold ADA and LUNA, with 1 not having gone past the point I sold at, and the other going on to double again at what I sold for.
Are there any common things to look for when a coin has peaked or is it basically luck of the draw?
Click to expand...
Algorithms are a good way of telling if the trend has changed. Some free algos on tradingview are supertrend and ATR trailing stops.
 
Okay, I got a confirmation email from CoinSpot that the withdrawal went through (it worked!). That is, my BNB transfer to the binance smart chain wallet. Strange, because all I did differently this time was use the chrome extension.
 

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Chiliz had a nice little bounce yesterday. No idea whether it will end up being a mainstay in five years' time but it's such a fascinating project given how sport can be so easily monetised.


we-want-chilly-willy.gif
 
Coolangatta said:
Now that I have 0.1 BNB in my binance wallet (I also set up a verified binance account), what do I do next? I want at some of that pitbull and floki.
Click to expand...
Go here for Floki:

https://poocoin.app/tokens/0x2b3f34e9d4b127797ce6244ea341a83733ddd6e4

Here for Pitbull:

https://poocoin.app/tokens/0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50


Connect your wallet, click the 'trade' button above the chart and enter the amount you wish to buy.

You'll likely have to manually add the contract address into your wallet. You do that by clicking the below and copying the contract address, then adding the token in your wallet. I'm not familiar with the Binance wallet as I use MetaMask but there'll be an option around, or you could just Google how to add tokens to Binance Wallet.

1635665701520.png
 
bzparkes said:
Go here for Floki:

https://poocoin.app/tokens/0x2b3f34e9d4b127797ce6244ea341a83733ddd6e4

Here for Pitbull:

https://poocoin.app/tokens/0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50


Connect your wallet, click the 'trade' button above the chart and enter the amount you wish to buy.

You'll likely have to manually add the contract address into your wallet. You do that by clicking the below and copying the contract address, then adding the token in your wallet. I'm not familiar with the Binance wallet as I use MetaMask but there'll be an option around, or you could just Google how to add tokens to Binance Wallet.

View attachment 1271703
Click to expand...

Thanks mate. Don't have time tonight but I'll get on this tomorrow, gonna take a punt on pitbull and floki for sure.
 
Does it take a bit for Floki to hit your Metamask wallet?
Nothing is showing up in the wallet but when I view activity log it says transaction confirmed at 20:03 on today's date

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