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you gotta say what timeframe you are looking at ? daily, intraday...? if you are talking about the daily one then yea it is a hammer or inverted hanging man showing the bears intraday pushed the close down towards the open, day ended with the bears...but here is the deal, in completely liquid market like FOREX or stocks this would indicate a possible open down, gap or sideways next day (i.e. doji, spinning top or indifference candlestick formation) but we are not in a liquid, but rather a highly illiquid market. Even if this is a more higher volume OTC stock with respectable chart formations and smooth volume relatively, as of late, it's still illiquid. Therefore, the hammer formation on the daily timeframe can be caused by manipulation combined with intraday profit takers. You'd want to check the L2s and all that to see, but if there were a lot of MMs doing their thing towards the end that would be my guess. That's why I use technical analysis on OTC stocks only to ascertain levels (key trend line, Fibonacci, and S&R levels primarily) and stochastic resets, OB/OS areas, etc.). This market can be easily manipulated, with a candlestick pattern showing up that could mean something entirely different, if it were a morningstar formation or something involving 2-3 or more candles I would see it as reliable, but towards the end with a single candle like that I still don't see bears having a chance to push us below .13, that's our level the 38.2% fib rally retracment, we broke it they are threatened.., theirs is the .16 61.8% fib level - We're at war, let's break their level before they do ours!
nice little technical analysis momentum based tool, even if the indicators are lagging I see value in those on a day over day basis, the one you sent yesterday I think was 12% now 48% so the change is happening that's for sure
I rarely predict direction
Just levels and Fibonacci ratios determine the oscillation of planets down to molecules and the relative spirals of everything in life including mass psychology and action of masses so I just know for a fact .16 is a tough level is all I’m saying and if the masses see it break and close above it will run
.13 .382 .16 .618 fib levels read my previous posts break out will be crazy above 16
Need it to hold above 16 and golden
If you take out their $44 million of ordinary expenses in 2016 and any other in ordinary expenses and lower their research and development down to a level that’s reasonable since they wont always have such a high research and development and you take that earnings per share Adjusted for these assumptions I know I did it one day and it came out to $30 based on a conservative industry PE ratio are used the lowest transaction and banking PE ratio which was around 10 I think That was when it’s PE ratio is .022 at a price of nine cents obviously there’s a lot of assumptions here but as time goes by in this isn’t even factoring in a merger just the possible opportunity
The only thing I got to be aware of is the women that are going to try to steal all my profits once I cash out
Roughly the .382 intraday retrace was at .13 and the .618 was at .16 once we close above .16 on the 5-15 minute one or two candles it’s on to the .20s easy
Litecoin hit near $400 bitcoin all time high futures accepted on exchange cryptos being swapped for gold and eventually dollars as a safe haven alt and people takin out mortgages to buy them, not to mention holiday season transactions I see many things going good for the values assuming they aren’t bubbles
Futures launching maybe helped but I think a technical break above key 38.2 retracement I mentioned an extension to close at .1360 n my last post yesterday afternooon it closed at .1357 that’s a short term resistance I think it will come down to .13 again the. Take off towards .16
I think a technical break fueled by positive crypto perception with a possible catalyst being acceptance of
Frutures many don’t realize how big this is but this is the first step to a full integration into our financial system from an investment legitimization POV
Bought litecoin at 58 less than two months ago lol
aint nothing wrong with a 4-5k gain just remember why you bought, don't sell i think 13 is going to hold going forward which still puts you in the money, imo
see all these MM trolls knew a close about the key 38.2 retracement was detrimental and shorters knew too they tried to hold it down but you can't keep a good man (or company) down.
https://www.dropbox.com/s/5nzc5mxj0npaxh6/btcs%203%20min%2012%2011%2017.png?dl=0
3 minut triangle pattern hopefully we break above before close...
Has to break and closeabove it atleast on the 5-15m timeframe not just a pierce p
.13 is the exact 38.2 percent fib on 45 min retracement it’s also a psychological resistance level so once it breaks it will popark my words
That’s a strong resistance level because it is the Fibonacci 38.2% intraday time frames it’s going to be a hard one to break along with the 61.8 around .16 I think ..Without news is the tough one but the more times and tries it once it does break it’s going to pop it right up
that's right dude! every-time these market manipulators try to salvage their short drawdown via scare tactics we come back hard, we are in this thing to 0 or too infinity and beyond (that's right i quoted Buzz), so hold, remember why you got in and unless any auditable material information is presented via a respectable and reliable third party that speaks to the contrary of your original fundamental entry reasoning, just give the information spewer the middle finger with a half-grin on your figurative face.
here's the thing, anyone should post backup when giving a long or short opinion, whether it's TA or fundamental or political, etc. That goes for longs too. Penny stocks lack the volume to make TA work well and there's little to no information on whether the merger will or will not go through. It's official that there was an offer to merge and it has not happened yet, that's all we know. If you feel penny stocks are getting elderly individuals in trouble well no advisor should recommend these to them in the first place. My clients go through a stringent risk analysis questionnaire and my brokers qualified money investment standards or house standards are more stringent than the industry, even in a brokerage account we can't buy penny stocks for clients. So if pre-retirees and retirees are loosing on penny stocks they need an advisor, if they have one he/she should be fired...if they don't have an advisor it's their fault for getting into penny stocks. It's annoying how people give their personal opinions on irrelevant stuff as if it has anything to do with this thread. If you think it's a scam, outstanding I would love to see the auditable information as to why, if the merger is for sure, present documents, otherwise what the hell is there to say?
YEa but look around cryptos are the thing environment different now
I wonder if there are any tax benefits for closing our a merger before year end, that would be my question if so then that adds clout to it happening this month.
With the creation of the futures on cryptos...they are looking just like forex contracts... they already trade relatively to one and other and forex is decentralized with IBs being regulated that we deal with, just like crypto exchanges in the US are monitored yet the market is decentralized... and like forex, cryptos are a spot commodity. With the launch of futures we will have futures contracts deriving value from the spot crypto underlying...The fact that the futures being launched are traded on a regulated NFA/CFTC based exchange is a step closer to the government dipping their regulatory hands in our freedom based cookie jar and that jar is looking low lately.
I believe that ETFs, Options, and other exchange traded vehicles are next, this would open up doors to qualified money investing in these things and with the trillions being turned over by baby boomers with pensions, 403bs, 401ks, IRAS and other qualified money... that is in fact a big deal (i'm mainly referring to ETFs here can't trade futures in a qualified account).
Bitcoin is the first to hit the futures exchange, others will come. Everything in our world from a transaction point of view can use cryptocurrencies... the innovation is endless, it's like starting 1990's all over again..
If BTCS is truly a company that can add value to this industry I see them rising up out of simply being an early player in the publically listed stock game, this does not mean they will get acquired but I only see more good than bad...as far as timing it would be nice for BGL to get their hands on them sooner because the futures step is a big deal, being officially on the Street is a big deal.
The only thing that I can see as a drawback to them not merging as soon as possible is with all the competition popping up all over the place and the stupid amount of time it takes for these higher ups on the aquiring side of the puzzle to complete mergers is if something better comes up that The Block Chain Group can invest in that is a better opportunity they may throw the BTCS towel in and send their dollars elsewhere. I mean it's a stick and move game at this point...companies, ideas, innovations, etc are showing up daily, by the hour even...I hope it happens sooner than later because BTCS may be just another company to consider in a large pool of choices with regards to all the expansion and investment going into this paradigm shift.
I've sat and watched merger deals for months almost pushing a year with nothing in the past...dealing with MMs, RS's, dilution and wolf of wall street level scams like when DiCaprio sold his first deal in that shit shop pushing a tech stock based in a dog house..., that's the main reason I 86ed this whole merger thing a while back, but this one is different, the crypto game has only begun, next thing we know obamacare is going to be issuing RFID chips to put in your right hand or forehead connected to your bitcoin wallet with all POS systems and automated amazon/Walmart centers accepting only crypto currency... about to be Rev. 13 up in here, i'm long cryptos, short biohacking.
Bitcoin futures launched tonight wonder if this will help btcs because companies involved in servicing the cryptoaet will get to
Ride the wave because bitcoin futures are the start etherium and ltc will be next I think
sorry that was typed quickly, hastily and i'm tired as heck...probably a lot of typos..but if I'm understanding you correctly in a nutshell I feel market makers will use weird time frame loopholes and stuff to their advantage if that's what you're getting at. Put it this way, I accrued 50k+ constantly in a GL Account: payable/accrual account "Finra Fines Payable", this was so we had a constant amount of money to cover fines that are an everyday thing in market maker world/HFT World. Most of the time it was due to not giving a client/counter party the best price of execution as the trader didn't look to all the markets or acted hastily, other times it could be related to manipulation, etc... It's a fast pace game (they were a tightly knit team and if I told you their average bonus' above and beyond their salaries, yes salaries not draws, you'd probably cringe if you don't make a million a year consistently...) and an industry that's going to be completely automated, market makers know they better learn to program algos and start a prop desk as agency trades to get a risk free buy/sell and make more during bad times of high volatility and widening spread days are coming to an end...that's why they expand and buy up companies in many areas of IB/institutional financial, hell i wouldn't be surprised if they are doing crypto ICO's next year...they're heavy into commodities and futures they will probably get into bitcoin futures when they hit the CME.
Are you talking about fail to delivers, or fails to close out that conveniently turn into shorts or intentional naked shorts per 4320 that are flagged and the timing that they give you a whopping 13 days to cover? I mean that's more compliance and/or trade desk supervision, but if so yes it's fing ridiculous. short covering and other REGSHO issues (such as ex-clearning which I think ex clearing was a big REGSHO screw up in lawmaking as ex clearing trades actually bypass flagging from my understanding and open up entirely new issues...these bypass flagging, by bypassing settlement and in my opinion allow market makers to collude and do things that may not get caught or show up on focus reports at all. It also creates net capital and FOCUS filing risks and industry risks through the possibility of not properly reflecting what's not caught through standard security settlements that run through DTC etc... I mean I think many things in the thinly traded OTC markets are ridiculous, a friend told me about this stock after I was burnt on a few, personally I'm more of a technical analysis/momentum/sentiment/pattern based stock/foreign exchange trader, a friend told me about this so I bought a thousand shares for the heck of it...but I haven't been in pennies since I was burnt on MEDI, REVI, and TNEN... but relating to flagging I think they should treat those covers the same way other closeouts are required to be fixed/closed.. within 5 days per 204...Many of those things are handled on trade desk supervision, I was more concerned with accounting, haircuts, focus reports, ensuring net capital was sufficient. The shop I was with dealt in many markets, but mainly traded OTC stocks and ADRs on those OTC stocks (they did triangular arbitrage on Brazilian BDR/ADR arbitrage in thinly traded markets on a prop basis..it's weird they would make a market in the stock but have a prop position in a proxy such as an ADR/BDR, some stuff was convoluted... which I didn't think you could do but again I wasn't in trade supervision or compliance, but accounting)...My concern was two fold: internally it was financial accounting, monthly closes and ad hoc analyses and forecasts on budgets and traders ridiculous bonus pools on the market making, investment banking, muni underwriting, and swaps/derivatives divisions. From a regulatory point of view it was combing through an insane amount of positions across multiple divisions and taking proper haircuts per asset class, risk, amount of market makers (more thinly traded the larger the haircut to value to reflect the worst case volatility swing scenario), etc. Many OTC securities they made markets in they were the only market maker or one of two and thus FINRA many times required almost and in some cases a 100% haircut on that value...this was because in a worst case scenario there would be no market to salvage that value...Anyway, it's been a few years and i'm happy to be out and on the retail side, i'm an investment advisory and have a boutique family practice, I focus on professional asset management for wealthy, advanced markets and retirees and my family member is a CFP and focuses on estate planning, complex buy/sells and financial planning aspects. I rather help people than corporations bottom lines ripping people off in their wake.
Yea I worked as a FINOP for a high frequency MM 2013-2016 give or take for almost three years in wok florida intlfcstone securities OTC MM, then I decided to work the retail side where people have souls..but they grew via acquisition..had the margins to Annie up the cash to buy smaller shops (i.e. an IB in NYC, commodities and swap firm in Chicago, tradewire in Miami, etc..) they just bought companies that aligned with their model and assimilated hem works for some ...they ended up doing a reverse merger with their NFA parent entity to get he nfa/finra regulatory capital under one roof to expand ...sorry typos iPhone
No problem not much new in there was hoping to get somewhat of a bullish tone from her but sounds like it all rests on blockchain global and considering they have been partnering and buying up others like someone said in the previous post, I think it looks promising as they seem to follow through on their ventures
I got a table on the pure play comment they mentioned that they emailed me but can’t figure out how to
Upload here for the life of me
In response to my inquiry to btcs investor relations here’s their response as promised just got it a few min ago
Michael,
Thank you for the email. In October we closed on $1.1m of new funding which has allowed us to settle all of our liabilities (excluding derivative liabilities associated with outstanding warrants and preferred stock). Subject to additional financing, we plan to expand our portfolio of digital assets including bitcoin and other “protocol tokens” to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. On November 28, 2017 we had a portfolio of 4 digital assets see table below. With respect to the announced merger with Blockchain Global (BCG) we have satisfied all of the conditions on the BTCS side to move forward. However, we can provide no assurances, or guarantees we'll be successful in our efforts to close the merger, if we are we'll communicate it with our shareholders. We can also provide no date or guidance on when we will close the merger if ever. Further as we disclosed in our recently filed S1/A we have had delays in receiving information from BCG. I encourage you to review our SEC filings, including our recently filed S1, in connection with a potential investment in BTCS and ask the company for clarity on any questions you may have. You can also set up an RSS feed at SEC.gov and get alerts when we have updates.
The financials you are referring to in your email are for the period ending 9/30/2017 and we closed our last financing after the end of the period in October hence why it is not shown. Below is an excerpt from our Recently filed S1/A which has a table of our digital assets. Based on today’s prices which are publicly available the value of those assets is approximately $900k.
We have gone to great lengths to ensure we have clear disclosure so our investors have an accurate picture of the business. Feel free to reach out if you have specific follow up questions.
Charles
Again, please familiar yourself with our SEC filings so you have a complete picture of our company and ask questions if you require clarity.
BTCS Inc. (ticker: BTCS)
Blockchain Technology Consumer Solutions
phone: 202-430-6576
e-mail: ir@btcs.com
www.btcs.com
This email outlines matters for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of BTCS Inc. (“BTCS”, “we” or “us”). While I believe the information provided herein is reliable, as of the date hereof, neither BTCS nor any of its affiliates, subsidiaries, directors, officers, employees, agents or consultants (i) makes any representation or warranty as to the accuracy or completene
Yup I agree You’ll notice as volume increases the spread Narrows as well that’s why market makers illliquid over-the-counter markets tend to make so much money when it is lower volume and the spread widens there’s less buyers and sellers less capitulation that’s why they love it when the spread widens the mms make a bank
To Whom It May Concern at BTCS Investor Relations:
I'm contacting you and hope I get more than a general answer, as you have many investors concerned that this company is nothing more than fancy web site being used to ride the OTC pink sheets wave to the top on the back of the cryptocurrency boom/paradigm shift. Many investors I am in contact with purchased into this company (not on hype but on solid fundamental research of the industry and of your firm...allegedly) as the PR along with the indication of a reverse merger and a promising future as a key foundational company in the cryptocurrency paradigm shift, seemed sound relative to the OTC pink sheets' risks. I don't want any info and am not requesting info on anything non-public material to BTCS as I know the rules... It seems odd that your financials show a $2 value in cryptocurrency when you were paid cryptos as part of the Blockchain Global debt payoff indicative merger...even if it was all used to pay down debt and you are 100% transactional, you should still have significant reserves, this is very questionable without explaination...Also, the fact that you have such a wide gap between your EPS and diluted EPS is concerning by I guess fairly common for pennies...I know in the beginning financing and preferred stock dividends can eat away at EPS, but with the attack on this stock by market makers' seeming dilution tactics reminds me of the oh too many past dilutive scams we've been sucked into..money lost and more importantly time wasted and hope lost...i'll be blunt with you...Now I'm not representing any future class actions or anything like that, but I think all of your investors that are standing behind you (this does not include transnational market makers, but long owners) deserve a little reassurance if you want the bids to keep coming in, and future class actions to stay out...just saying.... I'm just sick and tired of trying to be one of the many that provide these new companies the blood only to be manipulated out by dilution and reverse splits. There are many investors taking the opportunity cost hit of not investing directly into crypto, but rather are investing directly into BTCS...You should feel great about that. Your marketing and web site are at the center of what I feel is a paradigm shift in our financial system. I'm an Investment Advisor/Financial Advisor/FINOP and though my broker does not allow me to invest my clients in pink sheet stocks, I am still personally allowed too. I see cryptocurrency futures coming, eventually ETFs, once Cryptos are an allowed asset in qualified plans I feel the 360 integration of these digital currencies will be inevitable. This is great for companies like yours, assuming you are and do whom you say your are and do. Just a concerned investor looking for some reassurance on behalf of many! Mike
my point exactly how can it correlate with something is derives no intrinsic value from? Social perception only causes correlations to the degree that the perception is in place, without crypto i see a less than relaible R^2 to that of BTC
The only way I see this thing having a true correlation to btc price is if they have a substantially large amount of bitcoin holdings that could affect to share a valuation
If you look at that weekly chart you’ll see the stochastic oscillators shows that the lower indicator has been making higher highs but prices been making lower highs that’s technical divergence it’s basically showing momentum increasing even though price was dropping now it’s breaking out of the oversold range based on a purely technical point of view shouldshould jump to $.25-$.50 share
a confluence of other indicators too such as the 72% Fibonacci support level that was held on the weekly timeframe that converges with the upward sloping trendline I agree I think cyber Monday will be a catalyst to confirm h
this may be wishful thinking but the warrant and convertible dilution that everyone is talking about I was thinking, would it be better to excercize those contracts before a merger? What I mean is is it possible theres insiders exercising these things now that know what we don't maybe that it's a sign a merger may be around the corner? just thinking outside of the box.
correction gap has not closed, only closed when it breaks below psych support at .13 which I definitely don't think we will see ten, oversold short term at the .50 fib level I personally think we will take off soon it's calm before the storm sideways action at key support "zone" the gap it's not a level a zone https://www.dropbox.com/s/g7mmr1ye2jm4s8n/btcs%2015%20min.png?dl=0
My theory is rfid tech and crypto will be revelation 13 mark of the beast and they are cleverly ousting the dollar as the reserve currency and will force people into
Crypto as Part of the new system of coin connected to technology at the point of sale systems everywhere been my theory since day 1
I agree with you, good support at 38.2% fib level and top half of gap up on 15 min timeframe
https://www.dropbox.com/s/7kqxsblkewt0nrz/15%20min%20btcs%201127.png?dl=0
15 minute timeframe shows a gap opening up with the top of the gap coinciding with the .382 Fibonacci retracement plus stochastic rsi turning up - i think this is why it's currently stalling but see this as a good base.
https://www.dropbox.com/s/7kqxsblkewt0nrz/15%20min%20btcs%201127.png?dl=0
INTL FCSTONE FINANCIAL *
I used to work for a high frequency institutional trading firm that specializes in otc stock order flow as a FINOP at into fcstone ticker intl just told my boys over here about this one waiting for feedback as I’m sure it is on their radar (thy do some prop but mostly agency)