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Everything posted by Marty
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You can use a Jap spec 2nd cat instead. There is a slight difference, uk has a hole for an o2 sensor, jap spec doesn't. Just tie the sensor up.
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The dom chart is a good metric, most don't like it but it seems to work quite well, i use it to shift positions around. I'm not sure what happens, but i think alts are the best play probably, even if btc outperforms in certain periods, alts will over perform during the periods of btc consolidation. I don't really see btc dom going much higher but i'm good with up or down as i have good exposure to both btc and alts.
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Well, this time is indeed different. Btc at all time high, great stuff, but not what was expected for this point in the cycle. All previous cycles we've had a pre halving high - that should have been 48k this time, then a period of consolidation into halving, and lastly a run to all time high after halving, peaking roughly a year and a half after halving. Not this time We haven't even got to the halving and we've blown past all time high. Suppose now we have the ETFs gobbling up all the btc the demand is greatly increased, compared to previous cycles, where it was just a bunch of degens playing a game of hot potato. Cycles are still cycles though. So going forward what can we expect? Looks to me like this is one of two things, a left translated cycle, or the fabled supercycle. I think this is likely the first, a left translated, you're best off googling the meaning, but basically it's pretty ferocious, ends much sooner and we have a longer bear market afterwards - blow of top by the end of this year, $150-250k btc and then 2 and a half year bear. The supercycle lasts around the same as a normal cycle, ending q4 25, but makes all previous cycles looks like minor blips on the chart, the bear will be long and rough after a supercycle too. At this point, unless you've got a decent quantity of btc, you're honestly better off being balls deep in alts. Btc is too expensive for the normies now, as they flood in, they're going to be buying alts. Make no mistake, this is a bullmarket. Dips, even very aggressive ones, are gifts and not where you panic sell. This is likely the last cycle for a while, don't fcuk it up We'll reassess in a few months, but the focus now is taking profits towards the end of the year and adding to positions in the periods of heavy selling before then. Happy to hear other peoples thoughts on this?
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Etf approved, btc hit 48k. It's easy this trading lark Needs to cool off now, 27k might be wishful thinking but i wouldn't be surprised to see md to low 30s over the next couple of months. Btc halving is in april. I expect the next cycle top in ~Oct'25 assuming the same pattern as the previous few cycles.
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I'll take the sway bar bud, if you're happy to post it?
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Update on the chart. We broke above the range high of $30k, i like that. interested to see what happens next, whether its an echo of previous pre halving price action. Keeping it simple, we don't want to close a weekly candle under 30k and end up back in the previous range, as long as we stay above we're golden Btc ETF coming, likely Jan, hard to know what happens. If i was to take a punt, it'll be pump and then nuke. ie, 47 then 27 . current chart, exact one as the ones above, with updated price action. https://www.tradingview.com/x/qKgUuvnI/
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It can't, as Zen says, they're completely different size flanges, the uk one is much larger, possibly different length cats too. Resurrecting old brain cells here but i think the uk specs bolt on to an egr whereas the jspecs don't, that's why they're different. You'll never get one to fit. Source a 2nd cat, your car will pass emissions with just that installed, no need for the first one too.
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What coilovers do you have bud? potentially interested.
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https://www.tradingview.com/x/ZywsIjZU/ Same chart, 3months on and btc up 50% and at the top of the range. Price still above green line, so hodl. A lot of price action happened in this low $30k area in the previous bull market, making it a tough nut to crack on the way back up. Unlikely it breaks first time, ideal scenario is btc goes sideways for a while whist ALT coins play catch up. Daily 50ma is at $25.9k and rising, the daily candle closing below that would be first sign of trouble. Still think this is an echobubble similar to 2019, see what happens hey.
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Been a while since i've updated my thoughts. End of year was interesting to say the least, all the big players rekt, ftx a complete shitshow - i hope no one lost money on there, i honestly didn't see that one coming. Made for a good capitulation event though, and well, it lined up perfectly with the 4 year cycle low being at the end of the year, funny how that works hey. Good call by Rider early Nov saying btc was looking like a good buy Personally, i think the bottom is in, for this year at least, and we have a nice bit of deviation in price action on the chart to work with like we did at the previous cycle low,(red box) we shouldn't see prices below $18.1 again, easy stop loss. I didn't catch the bottom, my average is ~$16.5k, i got stopped out the previous trade at $22k. Have my new stops at 18 and we'll just see how they go. Added ghost bars to the chart for an idea of what the price action may look like - it's a copy paste of 2019, but who knows, halving is mid 24, 6 figure BTC 9months later if cycle repeats like it has the previous few times. But maybe it's all going to zero this time and this is a bull trap. It will one day I like to use the Cm ultimate moving average indicator on higher time frame charts, if it's green and price action is above it, hodl. Not financial advice and risk only what you can afford to lose https://www.tradingview.com/x/qvv4XBCc/
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I quite like watching the automatricsMtrack vids on YouTube, their trackers seem pretty decent and well supported. https://www.youtube.com/c/AutomatricsMtrack
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Balls, there goes my 2 figure renewal Classic still worth a shot with another company though mate, let us know how you get on, looks like i'll be looking myself in a few months.
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Have you tried classic insurance bud? What i'm paying on my tt6 vvti is less than half of your best quote. Through LV Classic.
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I use anker cables on my devices, braided. The last time i bought one was in 2017 and i'm still using that one now, daily.. Would recommend.
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Same Well we are above the daily 50ma, back above the weekly 200ma and monthly 50ma. Making higher highs and higher lows on the daily. I don't see any reason to cut positions for the time being, easy invalidation now - a lower high/low or a break and close below one of the important ma's. A daily close below $22.6 is a good stop loss area (lower low). Not the point to fomo back in either though, poor risk reward now. Chart looks to be printing a bear flag, which would line up with my assumption that this is a midterm rally/ dead cat and we'll resume the bear market within the next few months. Still eyeing EOY for final capitulation, whether that is a equal low, higher low, or more towards $12kish, who knows, we'll have to just see how things pan out. Looking for previous support (29k ish) or daily 200ma, as top, but again, lets just see how things go. None of this is financial advice btw https://www.tradingview.com/x/cnjbz2I3/
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I think you'll be pleasantly surprised. Don't forget to get some new exhaust gaskets
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When the turbos started smoking on my first supra i refitted the cats to the car, this added enough backpressure in to the system to stop the seals leaking until i had collected all the parts to do the conversion.
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Good reaction off the lows so far, we need to retake the 4hr 50ma before we get too excited, as well as start making higher highs and higher lows, still in a downtrend as you can see. Looks like we've had a weekend alt season too, didn't expect that I'd like to see something like this over the next week or so, might even test the 4hr 50ma before a good retracement.. https://www.tradingview.com/x/L8Qp0Evj/
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Sorry if it was a little confusing To keep it simple. Historically, buying around the weekly 200ma has proven to be incredibly profitable, even if the price does dip below it in the short term. given we can only go off how price has acted in the past that's the only strategy we can use to pick buy spots now. Previous all time high and fib 786 are also strong spots if capitulation occurs. Basically, accumulating spot btc between $22.4k and $18.3k would be the ideal play. That's what i'm doing, same with traders i know. If you happen to watch capitulation happen (-10%+) hourly candle on btc, buying popular alts, sol for example, is a strong move, but sell them within a day or two, should net you returns of +50%. We are looking for a v shape recovery from btc. Get your stop loss in profit as soon as you can and keep bringing it up as the price appreciates, don't keep the stop too tight as there will be volatility. Eventually your stop will get hit as the price tops and comes back down, but it should turn out to be a good trade. I expect the top of the bounce to be $30k+ and trade time to be a month or two. What we don't want to see is btc slowly continue to bleed out, that's bad, we need capitulation for a strong recovery. If the price spends too much time below $18.3k and doesn't recover, that's also bad, i'll cut the trade and take the loss. The reason i'm not too interested in alts overall, even though they offer higher returns, is they also offer higher losses, most alts never recover after a bear market. Just look at the popular ones from 2017. All in a all it's a really difficult trading environment at the moment, much harder than previous, because of the state of the economy. There's no shame in sitting on the sidelines until end of year in all honesty, let everything play out and preserve capital. Things could get much worse between now and then.
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Marty doesn't know I expected the 29k+ range to hold for a few months longer in all honesty. Bottoms take a while to form Dnk, there's no rush to buy back in, ideally you're looking for a capitulation type event when everything is deep in the red, you'll know it when you see it and probably be too scared to buy, that's how it works You're also looking for a meaningful level, it could be a previous all time high, could be a long time frame moving average, or a spot where btc previously spent a lot of time ranging (creating a very strong support structure). All i've got is the last two 'bottoms' were around the weekly 200ma, give or take. They also coincided with the s&p bottom, which also bottomed around the weekly 200ma. Btc touched the 200ma today, the s&p is still around 7% off. Doesn't mean this is the bottom, i think the bottom is still around 5months away if previous history is anything to go by. Btc could well blast through this level short term- we're looking for the weekly candle to close above the 200ma, price action in between is just noise. Ideal scenario, short term bottom this week/today, btc closes above the 200ma end of week and the price ranges between there and previous level (29k) for a few months with the bottom forming nov/dec time. I've marked levels of the strongest buy spots on the chart - the 200ma @ $22370, previous ath @$20kish, 786 fib @$18230 and a strong support cluster around $12k. Pick your poison. This isn't financial advice btw, i'm no technical analyst or market expert, just saying what i see There is the risk of a recession like rider says, who knows, maybe all that fear is being priced in to the markets at the moment and that's why they're all deep in the red, but maybe it gets a lot worse, something to keep in mind. Attached is a chart as per usual, green line is the moving average which btc doesn't like to spend much time under, red arrows are the areas of interest and approx time i'd expect a bottom. best advice i can give, if you're keen on diving in is to average in, you're never going to buy the bottom so the smart play is buying at important price points over time, and to only put in cash you're prepared to lose Lastly, if you make good profits, always pay yourself! I don't recommend buying alts either btw, they're all deep in a downtrend, too risky. But maybe this is the end, no more expensive tulips for us. https://www.tradingview.com/x/nnCTcT8L/
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I got mine from amazon japan for ~£50 delivered. Out of stock now, but these look very similar.. https://www.amazon.co.jp/-/en/Toyota-08522-B1010-Premium-QNC20-QNC21/dp/B00QF030EM/ref=sr_1_2?keywords=08522-52010&qid=1652797547&sr=8-2
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Fortunes were made after your first post The top was mid jan. I also advised caution late nov'17 and called a full on bear at the start of feb'18. Bit like my post Nov'21 saying we were more or less done and to take profits. As it turns out, that was the btc top, to the day. It's just friendly banter sir, chill. The majority of us have been through at least one full cycle now, we know the deal and drawdown risks associated with these high risk assets. It's part of the fun
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Price of bitcoin at the time of your first post - $12500, price 3 days later, $17000. Low one year later, $3120. High 3years later $69000 Price of bitcoin at the time of your second post $31100, price 3days late $41000, low $29300 two months later, High 4 months after that $69000. My maths is fine, honestly, i'd give you a little more credit if you interjected prior to a market crash rather than jumping on the bandwagon after one So far, you're the perfect counter indicator. You're right though, bitcoin is bearish, but that doesn't mean money can't be made, and history will repeat. I'll remind you of this at the top of the next cycle when bitcoin is 10x the value it is now and Eth is deep in to the 5figue range.
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Bitcoin went up 500% after your first interjection, 120% after your second. Can you interject more often please sir Energy consumption is old news, there's plenty of traditional systems that use far more and are also vastly more polluting to the atmosphere. Regulation isn't in itself a bad thing, it means adoption. Crypto isn't going away, governments may try to muscle in on the action but the preference will always be decentralised offerings like bitcoin or Ethereum. There's no avoiding tax on gains, majority of people pay it.