ask me any thing ,crypto currencies / finance / !

[ali_raza]

1. to be fair, no one can predict any thing with 100 percent precision .

2. dow jones and other stocks have generally no direct co relation vs gold, however, gold spot prices RISE higher once there are recessions in stocks and real estate ( implying people are moving to safe haven gold ) . the recent gold price surging to 1500 USD / oz is one indicator by economic experts that an overall global recession is around the corner and people are hedging .


my personal opinion on gold = it has very limited retail usage ( except jewellary) and its price is heaviliy manipulated via comex paper markets .

however,

chinese and russian central banks are buying gold en masse and using it to back up their currencies ( de dollarization actually ) .

u work in stocks?

 

[blueazure]

u work in stocks?

stocks , real estate, cryptos, used vehicles here and there .

 

[sohail.ishaque]

Are crypto currency worth it?

I'm in the UK what's the best crypto currency to buy and how?

Is crypto currency safe?

Right now, Ripple is the best bet for long term. When the market is down and you join in then invest in low price currencies, but when you are trying to minimize losses due to the fall of the market then go for the stable coins.

BTW cryptos is banned in Pakistan right now so if you invest in then be very careful, FIA might be interested in you

 

[Pakistan Space Agency]

Can I invest, buy shares in the Pakistani Stock Market from UK?

 

[blueazure]

BTW cryptos is banned in Pakistan right now so if you invest in then be very careful, FIA might be interested in you

around 30BTC is traded daily on localbitcoin.com ( pakistan page )

30 btc x 8000USD ( today's btc price) = approx 38 million PKR

so , nearly 4 crore worth of BTC changes hands daily in pakistan


not sure how effective the ban really is

Can I invest, buy shares in the Pakistani Stock Market from UK?

yes , you can ,

but you will need SACRA foreign account and would end up paying a lot of fees on wire transfers .

DM me for details, ill hook you up with my brokerage accounts opening lady

 

[Rasengan]

Do you see BTC price come down to 3000 level again?
and
What will be right time to enter PSX and in which sector

On the daily chart, we have a clear five wave impulsive structure signaling that the current price action is a countertrend move according to Elliot Wave. Remember the market isn't linear. For every action, we see a reaction as proposed by Dr. Andrews. Therefore, in my humble opinion, the price shouldn't touch 3000. This doesn't mean it can't happen, but it's highly unlikely. Take a Fib retracement and it should give you an idea where the market could reverse. The target zone mentioned by @blueazure for a reversal is a good hunch.


On the weekly chart, the Kumo is still bullish but this is insignificant. I don't apply the standard use of Ichimoku instead I focus on its true philosophy (price, time, wave). Notice from the high of 2017 (December) and the low of 2018 (December) took 52 weeks to complete. Now count the number of bars to the right edge of the chart and we have 45 weeks. This means according to time theory in Ichimoku we have another 7 weeks of a major turn date. These are guidelines, not hard rules. Since I don't trade Bitcoin, you have to take into account of many different cycles that can come into play. Don't also forget Ichimoku (price, wave).

I can talk about Wyckoff but it requires both a vertical chart and Pnf chart for me to explain it. Supply and Demand should be seen in the vertical chart and the cause being built up should be observed on the point and figure. The recent fall in price in the last couple of weeks was a clear distribution but on the large time frame, we have evidence of possible accumulation. The only element of Wyckoff which I discard is the Wave Chart. It certainly has its uses but I don't require it but you can get in touch with SMI and they can provide it for you as it's their proprietary indicator. Since I trade every day I don't have the time to give a much deeper analysis. I don't touch fundamentals, instead, I dedicated myself to technical analysis and applied methods used by some of the greatest traders alive. Educate yourself, don't let others tell you what's happening in the market. All you need to do is read, practice, repeat every day. I don't trade the PSX, @blueazure would be the right person to ask this question to. One thing is for sure though, we shall see a major correction in all liquid global markets.

 

[blueazure]

On the daily chart, we have a clear five wave impulsive structure signaling that the current price action is a countertrend move according to Elliot Wave. Remember the market isn't linear. For every action, we see a reaction as proposed by Dr. Andrews. Therefore, in my humble opinion, the price shouldn't touch 3000. This doesn't mean it can't happen, but it's highly unlikely. Take a Fib retracement and it should give you an idea where the market could reverse. The target zone mentioned by @blueazure for a reversal is a good hunch.

thats our TA genius, thanks RASENGEN!


i just tweeted a 'case for ethereum' price ( 1000USD target objective) using google stock price indicator

medium.com/@abertolino/google-internet-stocks-and-ethereum-d8acd2b7e55a


you may want to peak at ETH/USD price chart vs daily address and trx count on the network. i believe ETH is undervalued and can make a lot of money to any potential risk taker at these levels .

 

[PakAlp]

Here a little secret... Successful Investors are build upon Failed ones...
I' m in love with FOMO masses... That way I can liquidate my stocks...

Anyway.
A bad Investor is "Only" an investor...

My take into good Investment... Buy a Farm and exploit it... or Buy Houses/Apartment that need renovation and resell it... and stay far from Stock market...

Why would you say stay away from the stock market? Any secret information

 

[Rasengan]

thats our TA genius, thanks RASENGEN!


i just tweeted a 'case for ethereum' price ( 1000USD target objective) using google stock price indicator

medium.com/@abertolino/google-internet-stocks-and-ethereum-d8acd2b7e55a


you may want to peak at ETH/USD price chart vs daily address and trx count on the network. i believe ETH is undervalued and can make a lot of money to any potential risk taker at these levels .

I agree ETH is undervalued. We have a clear five wave structure that adheres to the Fib extension values that are typically seen in the 3rd and 5th waves. I can see many areas of absorption, the composite operator is clearly accumulating. A prime example is on the 24th, we had a mini selling climax near support. Look at the volume. Instead of breaking through support price reversed. The last time volume was bigger in scale on the daily chart was on the 27th of June. Clearly, wave 2 is going through a complex correction phase and it's in the process of completing wave Y, which should take a few weeks. In my humble opinion, your price target for ethereum is logical.

What I like about this instrument is the weekly and monthly charts. Many people don't utilize the RSI correctly. I tend to apply Andrew Cardwell's methodology to RSI. Notice on the monthly chart RSI is hovering around the 40 zone twice. This shows evidence the market is gearing up for a bullish range which is the 40-80 zone. Most likely the RSI reading will go below last year December low giving us a hidden bullish divergence. For those who don't know hidden bullish divergence happens when the price is making a higher low (HL) but the oscillator is showing a lower low (LL). Funny enough this concept was actually developed by Andrew Cardwell too. He actually has a system in place where he can derive potential profit zones from this concept but I find them limited in comparison to Ichimoku, Elliot Wave, and Wyckoff pnf.

 

[HannibalBarca]

Why would you say stay away from the stock market? Any secret information

In stock market... 80% are gamblers... 10% understand the puzzle and 10% are bots.

 

[PakAlp]

In stock market... 80% are gamblers... 10% understand the puzzle and 10% are bots.

Similar to forex trading then, I was told 90% of the people loose money in forex because the other 10% are bots to where the money goes.

 

[HannibalBarca]

Similar to forex trading then, I was told 90% of the people loose money in forex because the other 10% are bots to where the money goes.

The stock market is mostly Ruled by Bots... And only few Guys are good at it, but even them use passive programs in decision making... The overall majority are gamblers... but those gamblers are needed... after all without them you can't enter neither exit a position... they bring liquidation...

Stock markets are for experienced people... who are very meticulous... that knows to exit with a lower gain and enter with a lower lose... well mostly in scalping...

Many people are attracted to stock markets by this illusion of making fast money... But there is nothing easy in it... Those who are successful do not always speak about the dark side of it... The time spent in it... The money...frustration and so on...

As it was said.. a risky investment is a bad one... A lot of People lack investment knowledge and market intelligence and therefore label is as Investment... but it isn't... it's pure simple gambling... till you are big enough and then it falls into Market manipulation...

Here my little story on Crypto market... so First... Yes I did a lot of money... but not on Bitcoins... but Alt coins... back in the days... Let's say... "Market Manipulation" was the main driving force of Altcoins back then...

 

[fitpOsitive]

hi ,
ask me anything

Baba ji meri shadi kab hogi? Apnon main hogi ya ghyron main?

 

[blueazure]

Baba ji meri shadi kab hogi? Apnon main hogi ya ghyron main?

you will get married if you really 'want' to get married

think about it .


i would prefer a lady who can cook well and likes to clean meticulously , everything, to the point of OCD . house keeping obsessed ladies make for sound financial partners and ultimately business .

when you are dating a lady , observe her manicure and pedicures , that will give you an idea


back to the topic please ! shall we ?

 

[fitpOsitive]

you will get married if you really 'want' to get married

think about it .


i would prefer a lady who can cook well and likes to clean meticulously , everything, to the point of OCD . house keeping obsessed ladies make for sound financial partners and ultimately business .

when you are dating a lady , observe her manicure and pedicures , that will give you an idea


back to the topic please ! shall we ?

Hm got it.
BTW, after what happened to Quadriga, will you still recommend investing in crypto market?