Bitcoin Forum

Price on vertex of the wedge. (http://bullandbearmarkets.blogspot.pt/)

In the 120 minute chart we can see the price within a wedge. The break of support or resistance line can be a business opportunity.

http://img196.imageshack.us/img196/6865/jkcs.png

I wish people would stop using the Gox chart to base their view of the Bitcoin market on.

Who wants to trade on an exchange that doesn't actually allow you to get your money out?

Bots and retards!

Retards cos retards do retarded things and bots competing to win Bitcoin from other bots in order that they be cashed out on more reputable exchanges.

Any TA based on Gox is fkn irrelevant, end off.

MatTheCat, become an investor! You'll be far better off.

I intend to do that just as soon as I feel this period of turbulence is over and a bit of stability has returned from which Bitcoin can progress to grow.

Right now, there are far too many X-Factors hanging in the air and we are right on the other side of a stupendous run up.

Nobody with common sense would become an 'invest and hold' guy right now.

Looks like we broke out above for a second... yee-haw.

What, you mean that clear and blatant double top on the only exchange that really matters (Huobi).

Think I might go and get me some leverage to double my short position now that this has just registered!

For crying out loud MTC. Stop flipping from side to side. Do not short this. Wait. Watch TV. Read a book or something.

I will come clean and admit that I have been shorting (and closing trades at a loss) since $810 right the way up and I am down about $400!

When Bitcoin hit $830, out of reactionary frustration, I was just about to jump to the other side of the trade and go long in a typical n00b pig sentiment chasing manner, but a calmer wiser voice in my head prevented me from doing so for obvious reasons, and looking at the chart now, thank god!

I am short 10 BTC @ $835, my stop loss is set at $441, but I expect to recover much of my recent losses over the next few hours.

No let him lose his money, it's the best way to learn.

You mean $841 right?

Ganz klar!

There are two possibilities, this could be a break of the wedge up, or it could be the third of 3 waves up (C) following the sharper three waves own. I guess its a good opportunity because they are both likely to continue for a profitable distance upwards. I think come February many shorts will be reversed. by elliot wave analysis, we could be in a III wave now, I think so because the sentiment is so bearish, in articles and even here. people are short, but the price hasn't dropped. up it goes.

Bought @805, my bot still suggests holding...  :)

I thought Huobi volume was fake? LOL. I sense desperacy to maintain the "cool bear attitude"  ;D ;D ;D

And it breaks out from these borders, heading to the thousand 956$ currently at gox