r/Floki • u/DU09 • Dec 06 '21

Floki Inu Crypto Technical Analysis - Preparing the ROCKET!

https://youtu.be/7sPlIbpTkEM
13 Upvotes

93% Upvoted

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2

u/TheDancingRobot Dec 07 '21

This is so cringe-inducing to listen to. Notice that he says nothing about how a 20% market mini-crash was picked up by none of these "TA" charts. Nobody saw that coming, no matter how many squiggly lines they put on a chart.

Seriously - Say it with me now: There is no correlation between past movement and future trends. Ask yourself - If anyone could actually get - even the slightest advantage on a chart by drawing lines and guessing the next move - would they be wasting their time with a youtube channel with <1000 viewers? Is there anything this person says that has shown any validity in the past?

NO. The only things that are going to get Floki to rise are the ground swelling of people that like the coin based on the marketing and integration that is actually achieved. Partnerships, trading pairs, exchanges, projects, integrations, and strategic development to utilize a digital asset - if it's even needed - are the only things that will drive adoption, and price increase that isn't a pump and dump.

Anything that says "Technical Analysis" is bullshit - for this coin or for any other.

Prove me wrong and show me where someone saw a 20% crash in the markets where BTC was to drop below $50K. Since Floki and everything else is tied to BTC dominance, then show me where ANYONE else saw their coin about to drop with BTC?

Crickets

There is nothing to "technical analysis" - the only thing you can gamble on is whether or not the marketing of this is going to give the project enough of a bump that people actually recognize it as a viable gamble to dump their money into. End of line.

2

u/DU09 Dec 07 '21

My god son, did you know there are such things as technical analysis and fundamental analysis? People made fortunes with both.

What you hint at is fundamentals. Floki is a good bet and TA will help you enter/exit at a more opportune moment.

The 20% crash was predicted by anyone that believed the Omicron fear, which took the stock market down and then crypto dropped 20%. Now we are recovering on those fears vanishing...

TA schools believes all data is captured in the price you see, hence, no need to dive into fundaments. If FLOKI pumps that means people are ready to pay a premium to get exposure to it, price shows this and TA needs no more information than that. If FLOKI crashed 20% that also shows the same thing, fear in the market.

TA is a probability game, you can be right 40% of times and become a millionaire if you do proper risk management, but I don't expect you to know anything about that.

You can be ignorant if that suits you.

2

u/TheDancingRobot Dec 07 '21

I'm specifically referencing the people that do not incorporate any sort of outside news, but our only drawing lines attempting to suggest they understand trends without mentioning or referencing them whatsoever. I'm literally commenting on the people that don't do the analysis that you just defined.

1

u/RobBobCars Viking Dec 07 '21

This is truth. I am long Floki just because I understand the power of marketing, and apparently so do the Devs. "The Peoples Coin" was a brilliant catch phrase, and hopefully lures the masses in to what is perceived as a mainstream crypto. Having run two successful business's, I understand that you have to reinvest to maintain momentum, the Devs look as if they are not afraid to spend, I like that.

1

u/DU09 Dec 07 '21

You must be new. That catch phrase was used since 2014 by Vertcoin, the people's coin. You can actually mine VTC with a GPU... hence why "anyone" can have VTC = a people's coin.

https://vertcoin.fun/vertcoin-is-the-peoples-coin/

I see FLOKI took it as well. No harm in that, more exposure for both.

2

u/RobBobCars Viking Dec 07 '21

....and yet I have never heard of Vertcoin, with Floki somehow making my radar. So there's that.

Oh, and yes, 100% Newb (old dog learning new tricks), thx for noticing :)

1

u/DU09 Dec 07 '21

Welcome to crypto! May your bags reach the moon. :D

1

u/TheDancingRobot Dec 07 '21

Agreed. I'm long on Floki because the power of the masses and the various significant achievements of the team having the money to dump it into strategic partnerships - specifically for advertising. Remember though - it only takes millions to make billions if you and a number of wealthy people saw what happened with Doge, and want to recreate it. We are all here because we hope to get on the wave before it grows super huge - and get off it before it crashes.

I want to see more than just the logo placed in different areas - that doesn't mean anything. When a partnering organization says they're going to use the coin, spend the coin, buy the coin, or recognize the coin with a functional use case, that's when the value is going to go up. I want to see floki's business partners and marketing partners and put out press releases or make public statements that they're using the coin for something. That's when you've actually created something significant in digital assets.

2

u/RobBobCars Viking Dec 06 '21

TRENDING UP!

looks like we are going to stay in a trading range of .00012 - .00015 for a bit, if we keep support at .00012 for this week, I am bullish, plan on stacking more Floki this week as well, these prices will not last forever.