PowerX Strategy "PowerZ"

[IgazI]

Agreed "crypto" is the future. By that I mean some form of electronic currency. The plebs will believe it's good for convenience and security. Meanwhile "they" will be able to control everything.

Also it will come down to betamax or vhs. How about Blu-ray vs. HD DVD?

Currently Bitcoin is the old legacy model. It is new tech but slow and clunky. Which coin will win out?

We are just going to have to trade what we see until we see something different

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[Goonslinger]

TheStreet: Luc Olinga:

SBF_ZERO.jpg

It is definitely not a time to be invested in dog coins. . .

PS: I am down about $1,950 at the moment.

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I think we will see prices drop more when USDT eventually pops.

I know you've mentioned before that you hold for a long time but do you see crypto ever recovering to the levels before? I can't help but feel that the recent turn of events will put people off permanently.

Without regulation, no, but regulation is coming and coming fast.

Betting against crypto is like betting against the internet; it's just an AOL chat room now, but that's not all that it will be in the future

I hold ADA because I believe in the mission and intelligence behind the product, and I believe that it will have no rivals when it reaches its final form.

As with anything else you allocate risk to it and it either works or it doesn't. . .
the risk that I decided to take with crypto is equal to losing 1 Bitcoin, and I'm ok with that.

I'm currently just buying USDC and adding 500-1000 ADA here and there.

Even a toothbrush will 5x, eventually, that is just the world we live in.

Thanks for sharing, Igazi.

Won't regulation just make it like any other fiat currency? I've never really truly understood what makes it more appealing than the currencies we already have.

I had never really looked into ADA as there are many, many coins but from what I can see it does seem interesting. Not sure that I'm prepared to invest in any coin just now though - I'll wait for them to peak so that I can get my fingers burnt (again)

For anyone else interested, you can read about some of the research that goes into ADA here - https://iohk.io/en/research/library/ and the uses cases here - https://cardano.org/enterprise/.

Note: there is quite a bit of reasearch that goes in to it - have fun looking into this rabbit hole!

Agreed "crypto" is the future. By that I mean some form of electronic currency. The plebs will believe it's good for convenience and security. Meanwhile "they" will be able to control everything.

Also it will come down to betamax or vhs. How about Blu-ray vs. HD DVD?

Currently Bitcoin is the old legacy model. It is new tech but slow and clunky. Which coin will win out?

I think it probably is the future too although "they" have and will always control everything.

[IgazI]

Thanks for sharing, Igazi.

Won't regulation just make it like any other fiat currency? I've never really truly understood what makes it more appealing than the currencies we already have.

ADA is a technology, not a currency.

What makes it more appealing?
- a future with instant settlement for business transactions, stocks, and the selling of your car or house. . .
- a store of value: say what you want about crypto losses, the dollar is 'programmed' to destroy all* of your purchasing power over time:

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- enables artists, content creators, and businesses, to make vastly greater sums of money.

Just to name a few.

[IgazI]

I've scrapped the auto sizing in favor of just setting the closing ranges manually. . .
if you're way off on your sizing then the chart will look like a sea of wicks, so it is pretty easy for anyone to figure out.

You can also start at half the ( ATR * .8 ) value and adjust it from there.

Attached is the code.

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Code: Select all

//@version=5
indicator("CL_Ranges", overlay =  true)
. . .
palette = (close[3] + close[2]) / 2 < close ? clr_Up : clr_Dn // <== trend changed to this.
-SEE POST #1-


[IgazI]

How many closing prices do you need to use to determine that price is trending up?

a. >[2] | >[3]
b. >[2] | <[3] | >mid
c. <[2] | >[3] | >mid

I came to the conclusion that it requires at least 4 closing prices. . .

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trend_is_.jpg (85.63 KiB) Viewed 1463 times

[IgazI]

In the latest version of the indicator:
- 'pointy places' are highest close of 5 with no higher price in 2 periods.
- 'the trend' is the midpoint of close[4] and close[3]: the midpoint of the first move of 5 periods.

You can just use the grid to set the ranges:
if there are 5 pips between numbers then you can set your range between 2 and 3:
these ranges represent your risk at max lot size.

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[IgazI]

50,000 ADA is roughly the same as owning 1 BTC:

50k * $0.40 = $20000, and that is about where BTC was at that level.

That's my target size for Cardano ADA. . .

Of course, if it plummets to $0.20 then I'm obligated to buy more

[IgazI]

I have added 'pointy places' to $ZILLIONSZ, aka "aliascript", if you are interested.

'movePointy' is a setting that moves the 'pointy place' marker away from the price extreme by a number of pips, eg 0.0001.

Let me know if you think I should add it to the first post or leave the aliascript as is.

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Code: Select all

//@version=5
indicator(title = "$ZILLIONZ", shorttitle = "aliascript", overlay = true)
//-----Chart-Setup-----//
adj = input(0.0, "movePointy")
h = high
l = low
c = close
o = c[1]
updnCon = h[1] < c ? "up" : l[1] > c ? "dn" : "no"
updnCon := updnCon == "no" and o < c ? "white" : updnCon == "no" and o > c ? "black" : updnCon
palette = updnCon == "up" ? color.blue : updnCon == "dn" ? color.red : updnCon == "white" ? color.white :  updnCon == "black" ? color.black  : color.fuchsia
plotcandle(o,h,l,c, color = palette, wickcolor =color.rgb(107, 113, 133), bordercolor = color.rgb(66, 68, 77))
//-----Better-MA-----//
ma1 = (ta.sma(hlc3, 16) + ta.sma(hlc3, 19)[3]) / 2
sig = ta.lowest(ma1, 2) < ma1 ? color.new(color.blue,0) : ta.highest(ma1,2) > ma1 ? color.new(color.red,0) : color.new(color.black,0)
plot(ma1, color = color.new(sig,76), style = plot.style_line, linewidth = 3)

fh = h
fl = l
cond1 = close[2] > close[3] and close[2] > close[4] and close[2] > close[5] and close[2] > close[6] and close[2] >= close[1] and close[2] >= close[0] // is highest of 5, is >= 2 to the right.
cond2 = close[2] < close[3] and close[2] < close[4] and close[2] < close[5] and close[2] < close[6] and close[2] <= close[1] and close[2] <= close[0] // is lowest of 5, is <= 2 to the right.
plotchar(cond1 ? fh[2] + adj : na, char = "⬜", color = color.new(color.white,85), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)
plotchar(cond2 ? fl[2] - adj : na, char = "⬜", color = color.new(color.white,85), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)
plotchar(cond1 ? fh[2] + adj : na, char = "△", color = color.new(color.white,10), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)
plotchar(cond2 ? fl[2] - adj : na, char = "▽", color = color.new(color.white,10), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)



[IgazI]

I trust Coinbase, but I purchased a hardware wallet today to avoid unnecessary risks.

I don't really trade in and out all that often, I mostly just buy and hold.

[Yirbu]

I trust Coinbase, but I purchased a hardware wallet today to avoid unnecessary risks.

I don't really trade in and out all that often, I mostly just buy and hold.

Good. If you have crypto you really need a hardware wallet. Especially if you just keep it and not actively use it to trade.
I can name at least 5 exchanges where I had crypto that were hacked and I lost capital. They all are gone now
Only Finex managed to pay everything back....

What's also nice about a hardware wallet is that it's easier to save dust...if you have just a couple of $...convert them into something exotic and after 2 years, suddenly you have a lot.

Trezor is a nice one.