All respect for that reply.
For the TA and where BTC is. If you have a chart software such as tradingview, bring up something like BTCUSD as a logarithmic chart and set the time frame to week.
You can then add 4 trend lines to this. The base trend line and peak trend lines should be obvious. The other two are less obvious but one defines the current peak and is parallel to the other two.
The base trend line defined the level of BTC from the middle of 2015 till roughly the end if 2017 and the again at the start of 2019.
For the previous halvings BTC has just been above this base line. Currently we are one level up. At the last halving there was the general growth along this base line until 1 month before where BTC grew one level up (equivalent to a doubling in BTC) before dropping back to the base level. It was only until about 6 months after the halving that the parabolic kicked in.
I think your text speaks for itself. It might not be what you had in your mind but there was no mention of 6 months prior. Either way 6 months is almost here anyway (approx 1 week away) so no splitting hairs and all that
Ahhhhhhh
Contradicting yourself in the same statement.
A drop to 8000 means errrrm a drop and you eat you hats.
What a bafoon
Hardly.
Being realistic is not trying to looking for a cheap entry. If you read the other BBs you'll see I've been very bullish until yesterday's event.
It's one of the unfortunate things with the members on this BB that 2 in particular are completely clueless and lead a band of hyper rampers only wanting to hear what they want to hear rather than enter into educated discussion.
For any stock to have a breakout and then immediately fallback under the line of resistance it broke out from is a well know sign of the trend reversing into bearishness.
I for one hope that Splats hats are edible as this will definately trade sideways for a bit, if not drop. And drop it will do at some point before the halving anyway.
Splatter.
It does if you understand the trends and what I'm talking about.
By the way, everyone knows halvings are roughly every 4 years. Did anyone say they were not?
BTC is comparatively high with respect to previous halving. So dont base any predicted rises on current price.
BTC should have been around 6.5k at the moment following the same trends.
Whys that splat?
Wouldn't believe all you read.
BTC is more likely to be at or around the current level going by previous halving trends.
Unfortunately, the failed attempt to breakout may be taken that either a continued consolidation or even a bearish drop may take preference in the short term.
At least 2000 restaurants are needed to justify a 1p SP.
Long way to go and no hype on the horizon to falsely inflate the SP.
1p in November. Less than that in December. Share consolidation imminent to make the SP look half decent again before the next raise.
Looks like we are still on target to hit 1p by end of November.
When the additional funds are needed this will hit 0.1p next year before it collapses.
Very poor showing.
I’d love to know what rate the machines will be delivered on the amended order.
Wouldn't make any difference to a predator. Would be based on MC rather than SP.
As we've pointed out several times before . . . . This model started and failed in Asia before coming to the UK. Its not a few months old, its about 4 years old and has failed all the way. Any decent managers/BoDs would have identified any shortcomings along time ago and done something about it way before now. But they didn't and haven't.
They have made numerous statements about what they are going to do and when, but have failed against ALL of them.
How many more years of failure will it take before they not only understand what's wrong with this model, but also how to change it for the better (if it can be). There is NO indication that the former is being understood let alone the later being actioned. Just making statements that they will do all that it takes does not mean that they understand the failings and how to fix them.
Fast. Stop being a dreamer and snap back into reality.
There has not been one single shred of evidence that this management are capable of pulling anything off. They have failed against all self imposed guidance/targets and have only shown that they are unable to sign up any significant numbers of restaurants.
What on earth makes you think that this is going to change after several years of failure.
Fast, this is not oversold it’s overvalued based on the BoD incapability to do anything or change the model to be attractive to restaurants. We can’t live off fantasies
20% good start
So if it achieves 10k for Monday morning that's a 35% rise from Friday close.
Hold on to your hats monday morning.
??
Guess tomorrow mornings openings going to be interesting.
Particularly if BTC gets back above 10k
Splatted.
Don’t ignore the death cross. Previously I advised that BTC technically was suggesting a drop to 5k but was more likely to drop to 7k. We’ve not quite reached 7k yet but with the death cross about to happen BTC is likely to drop 1k shortly afterwards. Dropping BTZc to 6.5k, maybe even as low as 6k.
This is a very important region as it’s estimated that at least half the Chinese miners will be unprofitable at around 6.5k and as a result the hash rate could be significantly affected, even though some believe BRC doesn’t affect hashrate (sound of hand slapping forehead before slow rhythmic thud of head hitting table) ??
That's why I was asking. Only says all was approved.
Only a BoD with something bad to hide doesn't release what's being approved/discussed at an AGM.
Was predicting 1p by end of November before. But I think momentum is building for this to hit 1p well before that. Maybe even before the end of October.