Getting cornered, whats next?
They drew a horizontal line early, there is a lot of space below, the angle should start from 0
Gee I wonder how much monero or BTC was at year three of its high inflation phase in regards to their local top? Anyone? -95% around that?
Look at Monero, the price ranged from 0.001 BTC to 0.007 with growth at the end of the 3 year period. It has not fallen since launch, but hesitated. BTC is even more interesting, the price in the first 3 years only grew.
There is no need to be a dick about it. if no one sold BTC, how could anyone buy any? Were you around at those times? I bought loads of stuff with BTC at various price points. I kept some too.
if everyone hodls then their is no functioning market. please get the crayons out. I like the taste of green best. orange doesn’t taste like orange though 
that makes me sad.
I think weak hands are out🚀
Maybe - I’m just deliriously happy I went all in before the Chilean Peso went to shit.
And i bought zec again🧨
I sympathize with you. Having lived through a hyper-inflatory (The first in recent history?) period myself. It is crazy, you could recieve your wage in the morning and in the afternoon it could be worth nothing.
I want to just point out that inflation itself is not a problem in a fiat system it is a mechanism of monetary control.
Every society produces some goods and services during a period of time. If you had a constant money supply, during periods of economic growth, the amounts of goods and services that society produces would increase and the price of those goods and services would be getting cheaper and this would destimulate the economy.
What nation states are supposed to do is add just enough money into the total supply to make up for the economic growth.
It is when you start printing money like a madman thats the problem.
Thanks to tmek for pointing out this volume candle!
Heavy accumulation buyers are there. I dont think we will be marking down in the BTC pair. I think a mark up is coming.
Is this the Bittrex Volume by hour for ZEC/BTC?
I have no idea I stole it of @ _tm3k the 7btc=1zec guy.
It looks like bittrex to me with the Letters BITT in the image. Nope its a daily graph check it out you will see the D in several places.
Nope, it’s beginning a bit bevor 15th November (original picture!) and i’am pretty sure these are 90 minute candles for volume and price.
This means that 24h volume was around 50k per day. Means again that one candle in average shows 3k - 3.5k volume. I’am not sure i would call this “heavy accumulation” with 1 candle on a very low volume BTC/ZEC exchange.
Are you sure? Doesnt this indicate daily candles? Wouldnt that be yesterdays volume?
A volume spike of that size while price rises only slightly means some smart money is accumulating no?
The graph is day and the candles are 90 minutes. You can see it at the bottom of the original picture.
Well then I made a mistake. I never take such small time frames into consideration. Unless Im looking for reversals really hard. This has no real significance . This is why its always best to do TA yourself and not copy other people… I apologize.
No problem, actually i checked now again and the guy made the publication on 16th, means the whole candles are for a bit more than 1 day and not for 2+ days, means again the candles are mostly 45 or 60 minutes, which lowers the hourly volume further.
No big deal, that candle looked good but i think someone should be carefull with using words like heavy, no matter if it’s accumulation or selling.
I agree. If this was a daily or weekly volume candle then it would be something. I also didnt check the numbers.
What do you think the BTC low is going to be I have a small leveraged short from 9500 and I can hold it like forever (low fee). Its only a couple of hundred bux I was thinking of closing somewhere between 6500-7000 though I will obviously watch for reversals till then. Any thoughts on where we might start going up?