PowerX Strategy "PowerZ"

[Don_xyZ]

What can you own that you are not forced to convert back into fiat?

If you have a Bitcoin contract and it settles in USD then it's practically worthless for anything other than as a hedge.

If you own stocks and you can only sell your stocks for USD. . .again, worthless.

They've printed more money than god has ever seen, close to 100 trillion dollars, . . .
you tell me what a dollar is worth. . .

trade it for ANYTHING.

PS: it cost me less than 6 cents per transaction to move ADA on the Cardano blockchain and the transactions settled in 1-15 seconds. . .
guess how much banks or PayPal would charge and how long it would take?

It'd be cool if one day the brokers have ANYTHING on the trading platform. ANY/USD or ANY/EUR maybe. Perhaps also GLI/EAR for gliese 667Cc/earth

[Don_xyZ]

Your only salvation is in not holding USD. Hold just about anything else

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Is stablecoins good alternative? What's your take on this?

[IgazI]

Your only salvation is in not holding USD. Hold just about anything else

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Is stablecoins good alternative? What's your take on this?

Owning a fully backed stablecoin is the same as holding USD.

You're still going to go down with the ship, but at least. . .

- you don't have to ask a bank for permission to access your money.
- it pays a higher interest rate without entering into a long-term contract.
- your money cannot be seized simply because someone feels that you owe them money
- there are no fees for carrying a low or zero balance; you can deposit just the amount that you are going to spend.
- the cash back when you spend stablecoins is usually going to be much larger than what your credit card is offering.

If you want to play it safe then USDC is the obvious choice. . .
I will be interested in DJED in the future.

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PS: I am going to max out at 50 to 51k ADA, no rush.

[IgazI]

I was tempted to start a Bitcoin collection going into next year, but now I am pretty sure that I am going to go the nano BTC futures route. . .

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[Yirbu]

I was tempted to start a Bitcoin collection going into next year, but now I am pretty sure that I am going to go the nano BTC futures route. . .

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I''m just waiting for BTC to get back at the 85% retracement point.
Every retrace since 2014 has retraced 85% and all except the 2019/2020 swing have started a new up leg in Januari.

This is a weekly chart on a logarithmic scale to fit on the screen.
(see the tiny dinosaur at the start of the data)
Obviously we are only at the 4th structure but this is my btc view for the longer term trades.

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[IgazI]

At least I get 3% APY from staking ADA. . .

my faith in ADA is rock solid, I'm not even worried about it.

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[IgazI]

I made a few small improvements to the BSW indicator:

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PS: I've made no attempt to clean up the code. . .

Code: Select all

//@version=5
indicator(title = "Bodies Show The Way", shorttitle = "BSW", overlay = true)
h = high
l = low
c = high
o = low
candleTransp = input(40, title= "Darkness")
plotDot = input(true,title= "Plot Dots?")
join_HTF = input(false, title = "Connect:", inline = "2")
peri = input("", title = "Time Frame", inline = "2")
x = time_close(timeframe.period)
y = time_close(peri)
z = x[1] == y[1] ? close[1] : na
plot(peri != "" ? z : na,color = color.new(color.blue,50), offset = -1, style = plot.style_circles, linewidth = 2, trackprice = true)
plot(join_HTF and peri != "" ? z : na,color = color.new(color.blue,45), offset = -1, style = plot.style_line, linewidth = 4, display = display.all - display.price_scale)

//-----Pointy Places-----//
//plot_TRI = input(false, title = "Display:", inline = "1")
//adj = input(0.0, title = "Adjust Triangles", inline = "1")

noTrend = input(color.white, title = "noTrend: Color", inline = "3")
noTrendTransp = input(90, title = "Transp ", inline = "3")
trend_CLR = close > high[1]? color.rgb(46, 112, 167) : close < low[1] ? color.red : noTrend
candleTransp := trend_CLR == noTrend ? noTrendTransp : candleTransp
//color.new(#26310d,70)
plotcandle(o,h,l,c, color = color.new(trend_CLR,candleTransp), wickcolor =color.rgb(107, 113, 133), bordercolor = color.new(trend_CLR,candleTransp), display = display.all - display.status_line - display.price_scale)
plot(plotDot?close:na, color = color.new(#e1e6eb, 40), style = plot.style_line, linewidth = 1, join = true, display = display.all - display.status_line)
plot(plotDot?close:na, color = color.new(color.orange, 45), style = plot.style_circles, linewidth = 4, join = false, display = display.all - display.price_scale - display.status_line)
plot(peri != "" and y[1]==x[1]?close[1]:na, offset = -1, color = color.new(color.blue, 0), style = plot.style_circles, linewidth = 4, join = false, display = display.all - display.price_scale - display.status_line)
plot(plotDot?close:na, color = color.new(color.white, 10), style = plot.style_circles, linewidth = 3, join = false,display = display.all - display.price_scale)
plot(peri != "" and y[1]==x[1]?close[1]:na, offset = -1, color = color.new(#26310d, 0), style = plot.style_circles, linewidth = 3, join = false, display = display.all - display.price_scale - display.status_line)

//-----Pointy Places-----//
//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(plot_TRI and cond1 ? fh[2] + adj : na, char = "⬜", color = color.new(#26310d,82), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)
//plotchar(plot_TRI and cond2 ? fl[2] - adj : na, char = "⬜", color = color.new(#26310d,82), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)
//plotchar(plot_TRI and cond1 ? fh[2] + adj : na, char = "△", color = color.new(color.white,15), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)
//plotchar(plot_TRI and cond2 ? fl[2] - adj : na, char = "▽", color = color.new(color.white,15), offset = -2, location = location.absolute, editable = false, display = display.all - display.status_line)



[prochargedmopar]

Unless you are selling green candles and buying red candles, you are probably not doing anything all that different from everyone else:

No matter which combination of indicators you use, the market is bought when it is going up and sold when it is going down.

. . . maybe there is no algo, maybe it is as simple as a limited number of good options.

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There is no Algo.

I'm just now getting around to reading this thread.

What the hell is going on here?!? lol

[prochargedmopar]

Prior to the day when some poor soul wrote a garbage ZL indicator it was just a simple idea. . .

$$$: There are obvious places where people take profit.
ZL: there are obvious places where people enter the market.

When people do not take profit the result is usually "zero profit", a ZL, or they exit at a prior take profit level.

It does not matter exactly where people are entering or exiting, they will all be clawed by the beast

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It's been so long ago that his name is on the tip of my tongue but refuses to be spoken.
Must be old timer's disease kicking in.

[prochargedmopar]

I hope that my explanations are clear. . .
I realize that what is obvious to me might not be obvious to someone else.

I try to make it as clear as possible

PS: what is up? what is down? what is in? what is out?

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Yes, I do think your explanations are clear. I can't speak for anyone else but the issues stem when trying to apply the knowledge on an active chart and without you or someone with more knowledge/skill to essentially hold your hand with marked up charts.

The goal is to show you how I arrive at a solution so that you don't need anyone to hold your hand. . .
- the first thing that you do is look for a collection of dots in a tight area.
- the second task is to look for dots with larger separations from previous prices and trace these moves back to an area;

if there is not a solid collection of closing prices, maybe due to time compression, then you can make assumptions about the origin of the move.

This is no big ask, you can figure it out

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The beauty of clear and concise simplification.....