Cryptocurrency Drama

This is the first full length play I’ve ever written. Fair warning, it’s long – it took most of the day for me to write it. I will split it into four posts of one scene each. For those who wish to wait, I will publish the play in it’s entirety after I have released all of the separate scenes.

Ladies and gentlemen, please take your seats, switch your phones to silent and stow your noisy children. Now sit back as we raise the curtain on tonight’s performance of “Cryptocurrency Drama”!


ERNIE, an opportunistic salesman

BIT BRAIN, a customer

THE DIRECTOR OF AUTOMATED NETWORKS, a director of a large franchise

NED, a director of a small franchise

ACT 1 – The Past

Scene 1

Bit Brain enters a large store on the main road of a frontier Western Town established by pioneers. There he is greeted by an opportunistic salesman named Ernie.

Welcome sir! And a very good day to you!

Thank you kind fellow, and a very good day to you too!

Is there anything that I can assist you with?

Perhaps a little later. I’ve heard a lot of good things about this store, it seems to be very popular. I wanted to see for myself what all the hype was about.

No problem, just let me know if you need me.

BB wonders around the store and surveys the merchandise

Ernie! Would you mind if I asked you a few questions?

No problem sir! Ask away!

I see a lot of new businesses have opened up around here recently. What’s happening?

Oh yes sir! You see, this is a frontier town. We have fled the mismanaged areas of the central government and have moved to this free and previously unsettled area. We didn’t feel safe living and working in the big towns anymore. I used to work in a bank in a large town, do you know what the building was made of?

No, do tell.

It was made of cards! It has become common practice for them to construct financial institutions out of playing cards! I would never have believed it if I had not seen it with my own two eyes, I know that many others do not believe it when I tell them!

I believe you Ernie, I too have witnessed the houses of cards with my own eyes. That’s why my people and I have now moved out here to the frontier. What I’m trying to do now is to make a few good investments to set me up for the future. That’s why I’m here today, to see if I’m interested in buying what you guys are selling.

I assume that sir has already been to the largest building in our town, the one with an enormous sign that says “Bank Toppling Currency”? They create most of the money that we use around here – we just abbreviate it as “BTC”. They actually have a mine beneath the building. Anyone with a pickaxe is free to go and mine their own money; wonderful system isn’t it?

Yes indeed! I have been into the mine myself. Unfortunately my mining tools are rather crude compared to some of the advanced mining equipment that people are using down there, so I just bought some of their BTC off them with my dollars.

Speaking of BTC; I’ve taken a little walk around your store, and I like what I see. I would be interested in spending some of my BTC here, does this store accept it?

Oh I’m delighted to hear that sir! Yes of course we take BTC, but we have our own little account system that you will have be to registered on before we can process any transactions.

Okay, how do I do that?

We operate on a system whereby you buy everything on a store loyalty card. We call it the “Customer Purchasing Unit” or “CPU”. I’m afraid that it’s not a quick and easy process to get an account going, but it’s worth it in the long run. What you then do is you deposit a small amount of BTC onto your CPU, and that guarantees that you will always be able to use our store! Great system, isn’t it?

Weeeeelll, it does sound a tad over-complicated, but for guaranteed access to this obviously expanding store, it seems like a fair trade-off.

Yes, I’m afraid that one of the directors here is known for developing very complex in-store economic systems, but he is very popular and there is no lack of customers queueing up to use them! Once you have a CPU, you can transact with any of the stores in our growing franchise!

Sign me up Ernie!

XLM technical analysis

XLM seen from the temporality of 1W we can see how the structure of candles has followed a long downward trend since the breaking of the distribution zone so far this year 2019, currently the price shows signs of reversal of trend where the price has made a series of bullish candles after finding bottom at 0.00000558, in this bullish impulse, the price has taken the offer located at 0.00000889, indicated in the graph by means of the horizontal red color, for the moment the price has formed us an HL, reason why it is very possible that the price forms us another HL inside the zone of weekly demand located inside the range of the price of the 0.00000651 – 0.00000771, indicated in the graph of above by means of the two horizontal black color, I have indicated the objectives of gain to medium or long term, being located the first objective inside the range of the price of the 0.00001252 – 0.00001408.

XLM seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price has been put into a parallel channel bullish, indicated in the chart above by the two diagonals dark blue, we see how the last two candles have not managed to overcome the area of supply and the current candle begins to show a reversal signal, even the candle is young, however, the odds of a reversal to the area of 1W demand located within the price range of 0.00000651 – 0.00000771 are high, if this happens we would have a third HL within the channel with double floor pattern as a strong signal to the bulls for a much larger next bullish move.

In conclusion, XLM begins to give a good sign of trend reversal, for the moment the best thing to do is to wait for a retreat into the demand zone mentioned above and for the price to form a new HL that tells us the purchase intention to continue long, the price has to exceed the supply zone located within the price range of 0.00000889 – 0.00000941 so that the price can continue to rise towards our first profit target located within the price range of 0.00001252 – 0.00001408, the second profit target is located within the price range of 0.00001753 – 0.00001879, the high target is located within the price range of 0.00002743 – 0.00002926, therefore, I recommend to be very attentive to the action of the price in 1D to wait for the next best entry, always remember to place your stop loss to avoid possible invalidations during the move.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

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