Member Info for london_balling

Roughly 6 weeks after a $2 close.....

Personally I'm now thinking we're going to need BTC to push to a new ATH to trigger the momentum and FOMO it might take to get us there.... not sure January results alone will do it. So I am thinking more end of February to crack the $2 close thing and so I guess say end of April start of May to actually get listed which is still pretty much perfect as there's plenty more bull run to come after that!

Just my opinion, obviously. We'll see.

This piqued my interest and as a result I've done some research and some cigarette packet maths which actually makes me feel pretty positive...

On November 2, Mara were 2.10 - Riot were 3.29 - Argo were 6p

On December 1, Mara were 6.19 - Riot were 8.81 - Argo were 12p

On January 4, Mara were 11.01 - Riot were 16.48 - Argo were 47p

On January 8 (BTC ATH day), Mara were 26.09 - Riot were 26.59 - Argo were 1.17

On January 25, Mara were 18.22 - Riot were 19.67 - Argo were 84p

I know there are lots of variables (yes, dollar to pounds most obviously) but also the issues of warrants, placings, announcements of expansions etc, announced across all three firms through this three months.

Main takeaways are this... we rose faster off the back of BTC rise than they did but have also dropped harder than they did on the slump...

All in all though, despite the huge drops, we have significantly outperformed both companies in terms of SP since November 2 . The main difference coming in December when we more than trebled in SP, presumably down to our US listing being announced and then beginning.

Argo closing SP x 14 since Nov 2
Mara closing SP x 8.75 since Nov 2
Riot closing SP x 6 since Nov 2.

Oh and we've done that without Nasdaq. Imagine what we'll do with it.

Think those things aren’t necessarily mutually exclusive.... I could easily see a retest in the 20s soon, not sure quite as low as the gap at 24.8k but certainly 27-29k, if we did get down there again I’m positive it wouldn’t be for long and the upward momentum would just have longer to run and probably would project us higher and faster.... slingshot etc... I’d be very surprised and dismayed if we haven’t hit new ATH and pushing 50k in 4 weeks‘ time!

It’s doubly good news, for me, as it means they aren’t currently able to mine enough and might even be worried about getting their new rigs on time in May given the backlog at bitmain, plus if they’re buying now then they won’t be selling ... selling pressure from miners at 42k was seen as a big contributory factor in the timing of the downturn. If Mara and Argo (and presumably others) are now accumulating rather than selling it definitely looks positive for upward momentum in the coming months.

Apropos of nothing Plan B’s chart has 45k by Feb 15.... which would be nice!

Tuning out is certainly easier said than done. The past few weeks have felt very all consuming. I think everyone has their own differing reasons.... some will have jumped in on the spike and are trying to plot their way out... some trying to work out when to jump in, others put too much in, maybe some not enough.... personally the rapid rerate has taken it from a speculative position to one which should have a huge impact on the rest of my life, so the live charts and message boards and twitter feel like I’m part of a very significant process I guess!

I’d love to flick a switch and find myself 3 weeks down the road but not sure I’m capable of going 12 hours let alone 21 days at the moment haha

32k is the 200 ema so if we can’t get above it and stick above it soon then we’ll surely be looking down a bit longer before we start looking up again

Anyone doubting the correlation needs to look at the three month chart for both ARB and BTC immediately. On the plus side I hope it means we’ll double as and when btc does.

Nothing is ever certain of course but that couuuuuld be a cheeky double bottom in on the btc chart which could spark a nice upward run from here. Here’s hoping. Either way I still believe we’ll be double this level in a couple of months so it’s still just a waiting game

Holding 34.5k and then 38k are our next steps to the promised land if 33,5k sticks

Haha. I guess I’d prefer to be one page number out than one dollar out so all good!

I think there’s a more up to date version that this now.... even so if you look at page 9 then the middle column you’ll see a $2 close is enough if you meet any of the criteria from the other two columns... which we already do.

Sorry Phoebus. I think of all the posters on here I’ve agreed with you’re the most fwiw. I’m your auto-rec. I just see LSE as a millstone for the US at the moment.... they buy buy buy, give us a gap up, UK pis and traders sell on the 10% gain, price drops, US open down on their previous close, cycle starts again! They’ll eventually lose enthusiasm as they won’t trust that they’ll ever be allowed to achieve fair value while LSE are holding them back.

March 18 I think is next FTSE250 review.... I posted on it last week... think it was £1.70 or so we needed given the bottom 11 FTSE250 companies MC were under 650m....

If that means no more MMs then obviously that would be great news!

I do understand that to an extent, I’m just grumpy - though it means we’ll have to accept we’re always going to have ignorant sellers and manipulative MMS and perhaps accept too that we may never be allowed to achieve fair value....

And yet most people still don’t want to delist.... I’d gladly swap LSE for Nasdaq any (trading) day of the week!

It’s stuck in a narrow band of resistance at the moment... all depends which breaks first. I suspect as we’re below the 200 ema on the 4 hour chart we look down towards 30 before we head up to 35k.... the btc ratios against altcoins are all negative which suggests they will pump while bitcoin will not. Then it will flip again at some point soon.

I guess I shouldn't have posted anything.... I know there are plenty of long-term thinkers here (none moreson than me, to be honest) but there are also plenty thinking day to day too, judging by the comments.... I was just trying to forewarn rather than have the outpouring of rage on Monday if it's under 32.5k and people going wtf....

No I know you're right, but I have had my first 8 hour break from here in weeks and come back to see pages of threads about whether it will open at 77p or more or less .... just providing some info for those raiding the piggy bank ready to swoop in on Monday....

BTC has dropped below the 200 day exponential moving average which is not a great sign for next week... need it to push back above 32,500 and onto 33,000 ideally, if not we might be looking back at 30k again i(and yes, maybe lower)....