|
Title: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 21, 2014, 01:55:37 AM We got through the last treadline but the REAL issue will now be $547 USD on bitfinex.
If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards.. I have shorted at $500 even on bitfinex.. I think a 50% fib retracement to $472 ,,, If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again. LETS SEE what happens.. Title: Re: We need to pass $547 to see a REAL jump! Post by: RockHound on May 21, 2014, 02:02:00 AM We got through the last treadline but the REAL issue will now be $547 USD on bitfinex. If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards.. I have shorted at $500 even on bitfinex.. I think a 50% fib retracement to $472 ,,, If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again. LETS SEE what happens.. Sounds reasonable - best of luck with that! I'm actually waiting to pick up south before that happens. Any estimates on BTC volume (48Hr) for it to break $547? Title: Re: We need to pass $547 to see a REAL jump! Post by: bitcoinsrus on May 21, 2014, 02:05:19 AM This is what I noticed. It was sub 400 for a while (few days - few weeks) then it crept up to 420 ish and so on. Maybe it might be a slow upturn, a shot up, back down. My guess is a slow steady uptrend.
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 21, 2014, 02:06:16 AM I forgot to mention..
HUOBI is going to 3145 -- 100% GUARANTEED.. LONG and STRONG.. Lets rocks and roll. Title: Re: We need to pass $547 to see a REAL jump! Post by: DustyRah on May 21, 2014, 02:13:00 AM We got through the last treadline but the REAL issue will now be $547 USD on bitfinex. If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards.. I have shorted at $500 even on bitfinex.. I think a 50% fib retracement to $472 ,,, If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again. LETS SEE what happens.. There are traders involved in this now. They are not buying to hold for years but in fact they will drop their load and re-buy and so on. Cutting through the sell orders is not going to be as easy as before. There will be whole bunch of dicks with sell orders at 500 if anything. Title: Re: We need to pass $547 to see a REAL jump! Post by: DustyRah on May 21, 2014, 02:14:19 AM We got through the last treadline but the REAL issue will now be $547 USD on bitfinex. If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards.. I have shorted at $500 even on bitfinex.. I think a 50% fib retracement to $472 ,,, If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again. LETS SEE what happens.. Sounds reasonable - best of luck with that! I'm actually waiting to pick up south before that happens. Any estimates on BTC volume (48Hr) for it to break $547? It's got a hardon like a baseball bat at this time looking at the chart. $547 is within reach. Title: Re: We need to pass $547 to see a REAL jump! Post by: RockHound on May 21, 2014, 02:18:51 AM If you move to the 1day Bitstamp charts on Bitcoinwisdom. It records only ~30,000BTC trade vol. today
The last time we were @ $550 the rally took ~90,000BTC. If an additional ~60,000BTC is traded over the next 2 days will surely bring us close to $550 again. This logic maybe flawed :D Title: Re: We need to pass $547 to see a REAL jump! Post by: jamesc760 on May 21, 2014, 02:35:12 AM So, according to OP's logic, today's jump from 450 to 495 is a FAKE jump?
Title: Re: We need to pass $547 to see a REAL jump! Post by: ampere9765 on May 21, 2014, 03:04:34 AM If you move to the 1day Bitstamp charts on Bitcoinwisdom. It records only ~30,000BTC trade vol. today The last time we were @ $550 the rally took ~90,000BTC. If an additional ~60,000BTC is traded over the next 2 days will surely bring us close to $550 again. This logic maybe flawed :D Tradingview says 28k daily volume on Stamp (UTC). I'd actually look at this more like...... well, take a comparison between this daily volume, and volume on other major rallies over the past 5 months..... Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 21, 2014, 03:11:39 AM Today's move "could" be a fake rally but i have a very strong stance that we will test $547 .USD..
I am not sure if we will get through it.. But Just like I advised over the week we should have no problems testing $547 on bitfinex. Now whether we can get through it is another story ... I also am starting to hear rumors that if they are true could swing the market up very fast. And movement of $50-$100 in a day would create serious pressure on shorts and longs either way. Lets see... Title: Re: We need to pass $547 to see a REAL jump! Post by: Skele on May 21, 2014, 03:35:20 AM Even the Chineses are buying again, with the bitcoin price in yuan up about 8% . But with no official policy statements forthcoming, the events of the past several days still leaves a cloud of uncertainty hanging over bitcoin in china.
Here's why that's probably not going to change for a while... Title: Re: We need to pass $547 to see a REAL jump! Post by: scarsbergholden on May 21, 2014, 03:41:22 AM Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic. :-X
Title: Re: We need to pass $547 to see a REAL jump! Post by: RockHound on May 21, 2014, 05:42:04 AM Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic. :-X Heard Huobi started this pump followed by BStamp 10min after? Doesn't really matter :) wouldn't be surprised if the whale team were using both major exchanges. Around 74,000BTC on Huobi and 30,000BTC on BStamp past 30Hrs. $547 seems totally possible assuming consistent/increased trading volumes. I'm hoping this time round we test but don't penetrate $500 barrier and trend towards $430, only because I'm in FIAT :D Either way, interesting 2days to follow! Title: Re: We need to pass $547 to see a REAL jump! Post by: piramida on May 21, 2014, 08:55:12 AM because I'm in FIAT :D Ok so observe your bitcoin 101 lesson: "Missing the train", will be followed by a homework assignment "Panic buying higher", passing grade is buying in right before the next crash. Title: Re: We need to pass $547 to see a REAL jump! Post by: stompix on May 21, 2014, 11:46:05 AM So, according to OP's logic, today's jump from 450 to 495 is a FAKE jump? This is how bears in denial see jumps. Or a permabull angry that it didn't hit 300k already. Title: Re: We need to pass $547 to see a REAL jump! Post by: C64_4EVA on May 21, 2014, 04:39:03 PM $600 was a strong support level, it will surely play a strong resistance level as well.
Title: Re: We need to pass $547 to see a REAL jump! Post by: JimboToronto on May 21, 2014, 04:58:24 PM So, according to OP's logic, today's jump from 450 to 495 is a FAKE jump? This is how bears in denial see jumps. Or a permabull angry that it didn't hit 300k already. ;D Title: Re: We need to pass $547 to see a REAL jump! Post by: MatTheCat on May 21, 2014, 06:09:54 PM I have shorted at $500 even on bitfinex.. Not a very clever short. When you see these impulse moves in Bitcoin you need to keep away from the short trades. We have had a lesser wave 1, a lesser wave 3, are currently in a corrective 4 and are awaiting a Wave 5 (that means more sharp upside). The wave 4 we are in seems to be a bullish ascending triangle formation just under $500 and it is more likely than not in my view, that there will be another impulsive leg up to mid/lower $500s before any kind of proper correction set in. There is also a good argument for $445 being the starting point of a larger Wave III move. If that turns out to be the case, then short sellers who prove too stubborn to take a loss could end up getting slaughtered. I know, I have been there. you are currently $5 in the green on your short trade. I would take that if I were you. Title: Re: We need to pass $547 to see a REAL jump! Post by: zoinky on May 21, 2014, 06:27:29 PM because I'm in FIAT :D Ok so observe your bitcoin 101 lesson: "Missing the train", will be followed by a homework assignment "Panic buying higher", passing grade is buying in right before the next crash. I thought this time it was gonna be different :( People never learn. Title: Re: We need to pass $547 to see a REAL jump! Post by: RockHound on May 21, 2014, 06:34:56 PM because I'm in FIAT :D Ok so observe your bitcoin 101 lesson: "Missing the train", will be followed by a homework assignment "Panic buying higher", passing grade is buying in right before the next crash. ;D Probably right - we'll aim to buy-in at next "crash". Title: Re: We need to pass $547 to see a REAL jump! Post by: Wilhelm on May 21, 2014, 06:50:54 PM To see a real jump we need to pass $666 :)
Title: Re: We need to pass $547 to see a REAL jump! Post by: knightcoin on May 21, 2014, 06:54:29 PM If you think in terms of "stocks" my guess is that bitcoin is under-valuated regards its market.cap ... when we reach the golden price of 1300 that market cap. was 12 billions .. now we're 6B and bitcoin should worth at least 6 Benjamins ...
intro about Price and Market Capitalization http://www.youtube.com/watch?v=fa-VZ-SDxgY Title: Re: We need to pass $547 to see a REAL jump! Post by: rudius on May 21, 2014, 07:05:55 PM If you think in terms of "stocks" my guess is that bitcoin is under-valuated regards its market.cap ... when we reach the golden price of 1300 that market cap. was 12 billions .. now we're 6B and bitcoin should worth at least 6 Benjamins ... intro about Price and Market Capitalization http://www.youtube.com/watch?v=fa-VZ-SDxgY I m curious about the reason why "my guess is that bitcoin is under-valuated regards its market.cap" and "bitcoin should worth at least 6 Benjamins". Something to back such wild guessing? Title: Re: We need to pass $547 to see a REAL jump! Post by: EricTyle on May 21, 2014, 08:51:15 PM If you think in terms of "stocks" my guess is that bitcoin is under-valuated regards its market.cap ... when we reach the golden price of 1300 that market cap. was 12 billions .. now we're 6B and bitcoin should worth at least 6 Benjamins ... intro about Price and Market Capitalization http://www.youtube.com/watch?v=fa-VZ-SDxgY I m curious about the reason why "my guess is that bitcoin is under-valuated regards its market.cap" and "bitcoin should worth at least 6 Benjamins". Something to back such wild guessing? He's just mathematically speaking. 1300/12 = x/6 ; find x ; x = 650$. But this is assuming that the BTC supply stayed the same from when it was 1,300 to now. At 3,6000 BTC a day (lets assume 5.5 months = 165 days) * 165 days = 594,000 BTC introduced (or so) since then Title: Re: We need to pass $547 to see a REAL jump! Post by: Wbwallet on May 21, 2014, 11:53:54 PM Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic. :-X Heard Huobi started this pump followed by BStamp 10min after? Doesn't really matter :) wouldn't be surprised if the whale team were using both major exchanges. Around 74,000BTC on Huobi and 30,000BTC on BStamp past 30Hrs. $547 seems totally possible assuming consistent/increased trading volumes. I'm hoping this time round we test but don't penetrate $500 barrier and trend towards $430, only because I'm in FIAT :D Either way, interesting 2days to follow! I am all FIAT too.. we need a steep downtrend to refill the btcbank. Title: Re: We need to pass $547 to see a REAL jump! Post by: serenitys on May 22, 2014, 12:08:55 AM I think my chart site is broken...it's been 494 all day.
In fact, I think they're all broken. Even reloading, no change.... broken. Yours? ;) Title: Re: We need to pass $547 to see a REAL jump! Post by: bitcoinsrus on May 22, 2014, 12:13:28 AM I think my chart site is broken...it's been 494 all day. In fact, I think they're all broken. Even reloading, no change.... broken. Yours? ;) Yesterday I thought it was gonna break 500. It is a psychological barrier because once it is passed, who know the limits :o And tomorrow is thursday. For some reason Thursday (sometimes) are known for crazy things (the thursday dump of 4/11/14, big orders on bitstamp (buy/sell) etc. Title: Re: We need to pass $547 to see a REAL jump! Post by: seleme on May 22, 2014, 01:35:15 AM This is what I noticed. It was sub 400 for a while (few days - few weeks) then it crept up to 420 ish and so on. Maybe it might be a slow upturn, a shot up, back down. My guess is a slow steady uptrend. It was sub 400 for few hours only. Title: Re: We need to pass $547 to see a REAL jump! Post by: likesbtc on May 22, 2014, 01:36:51 AM yes ... we need to! to the moon!
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 02:29:15 AM I am still short.
But something is odd here.. Definitely being manipulated... Makes me feel very uncomfortable knowing that people can manipulate the price $50-150 dollars just to wipe out the stops and limit orders. It seems like the T.A is being abused and then whip sawed to collect and or make money. BOO WHOO, (I know) I cant really complain as I am trading a crypto currency that could be shaken down to $100 usd or up to $1000 usd in 2-3 days at the will of 10-15 players if they got together and decided to create havoc.. I will keep my short and make the stop limit buy at $505 USD on bitfinex. If i get stopped out FINE, if not then I can ride this down. However, if this puppy can break $547 USD (bitfinex) with volume I will pick up @ $548 x 200 more.. Mark my words. Lets see what happens.. Title: Re: We need to pass $547 to see a REAL jump! Post by: segeln on May 22, 2014, 06:39:47 AM To see a real jump we need to pass $666 :) exactly,or at least 650 $Title: Re: We need to pass $547 to see a REAL jump! Post by: Wilhelm on May 22, 2014, 06:43:43 AM To see a real jump we need to pass $666 :) exactly,or at least 650 $+1. Once we hit these levels fear of missing the rocket to da moon will sink in and get previous weak hands to come running to get aboard :) Title: Re: We need to pass $547 to see a REAL jump! Post by: segeln on May 22, 2014, 06:47:21 AM quote author=Wilhelm link=topic=618524.msg6868356#msg6868356 date=1400741023]
To see a real jump we need to pass $666 :) exactly,or at least 650 $+1. Once we hit these levels fear of missing the rocket to da moon will sink in and get previous weak hands to come running to get aboard :) [/quote] Hello Wilhelm as I think you will understand german this link is for you: http://www.godmode-trader.de/analyse/bitcoins-situation-spitzt-sich-zu-2,3730868 In case you need Translation let me know,please edit: It is a nice short squeeze,anyway Title: Re: We need to pass $547 to see a REAL jump! Post by: ArticMine on May 22, 2014, 07:40:38 AM I would not touch a short on BTC in this market at all. I have been around BTC long enough to watch many a bitbear go to the slaughter some in spectacular fashion. My favourite bitbear slaughter still remains pirateat40, with his 500,000 BTC or thereabouts short.
I am 100% long on BTC. I can sleep much better that way. Title: Re: We need to pass $547 to see a REAL jump! Post by: sgbett on May 22, 2014, 08:08:33 AM I am still short. But something is odd here.. Definitely being manipulated... Makes me feel very uncomfortable knowing that people can manipulate the price $50-150 dollars just to wipe out the stops and limit orders. It seems like the T.A is being abused and then whip sawed to collect and or make money. BOO WHOO, (I know) I cant really complain as I am trading a crypto currency that could be shaken down to $100 usd or up to $1000 usd in 2-3 days at the will of 10-15 players if they got together and decided to create havoc.. I will keep my short and make the stop limit buy at $505 USD on bitfinex. If i get stopped out FINE, if not then I can ride this down. However, if this puppy can break $547 USD (bitfinex) with volume I will pick up @ $548 x 200 more.. Mark my words. Lets see what happens.. In all my months of bitcoin, I have never seen a post of this nature during a rally ;) 547 later today? Title: Re: We need to pass $547 to see a REAL jump! Post by: serenitys on May 22, 2014, 08:48:39 AM We got up to 528 so far - and now I can't sleep. Scared to.
When it hit 500, or right before, I'd decided things are probably going to hang at 450ish for awhile longer since nothing appeared to be happening, and I'd buy more btc next week or two after my recent purchase comes through from Monday. And then I happened to be on the chart site when it jumped to 480s and 490s and it hit 500...so I'm glad I bought when I did. Hope it keeps right on going up! Title: Re: We need to pass $547 to see a REAL jump! Post by: btc-owl on May 22, 2014, 09:36:28 AM This is a steady growth trend. Today we'll end at $520 the lowest
Title: Re: We need to pass $547 to see a REAL jump! Post by: yatsey87 on May 22, 2014, 09:39:32 AM I wish people would invest more time in actually promoting bitcoin than just speculating on the price. These petty rises and falls probably wont matter much in the grander scheme of things. Let's see where the price is at when we've got 100s of merchants daily all across the globe accepting bitcoin.
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 11:33:55 AM I was stopped out ....
I will be putting another range of shorts at: 505 500 495 490 Lets see if they will be hit... Otherwise, now I will wait for $547 to be passed ON VOLUME. Title: Re: We need to pass $547 to see a REAL jump! Post by: MatTheCat on May 22, 2014, 11:39:34 AM Ahem!
I have shorted at $500 even on bitfinex.. Not a very clever short. When you see these impulse moves in Bitcoin you need to keep away from the short trades. We have had a lesser wave 1, a lesser wave 3, are currently in a corrective 4 and are awaiting a Wave 5 (that means more sharp upside). The wave 4 we are in seems to be a bullish ascending triangle formation just under $500 and it is more likely than not in my view, that there will be another impulsive leg up to mid/lower $500s before any kind of proper correction set in. There is also a good argument for $445 being the starting point of a larger Wave III move. If that turns out to be the case, then short sellers who prove too stubborn to take a loss could end up getting slaughtered. I know, I have been there. you are currently $5 in the green on your short trade. I would take that if I were you. And funnily enough....the level ($550) where you are thinking of going long, is the level where I would be thinking of shorting......with stringent mental stops in place of course........(if I hadn't banned myself from shorting) Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 11:40:03 AM Also watch HUOBI .. at 3449
If it passes 3449 in the next 3-7 days you will see a MAJOR PUSH upwards. We have three different exchanges very close to break out formations. Could be very, very interesting. Title: Re: We need to pass $547 to see a REAL jump! Post by: stompix on May 22, 2014, 11:47:05 AM Also watch HUOBI .. at 3449 If it passes 3449 in the next 3-7 days you will see a MAJOR PUSH upwards. We have three different exchanges very close to break out formations. Could be very, very interesting. Is this 3449 some sort of a lucky number in China or what? Also , this looks more and more like another gox run , hope it is not the case. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 11:51:47 AM It is a major resistance level.
At this time I only really care about $547 on bitfinex. I will go long and stronger at $458 if we can get there... Mark my words 200 at $458 if it can break through.. $457 ...!!! and it wont be me only... Lets see.... Title: Re: We need to pass $547 to see a REAL jump! Post by: stompix on May 22, 2014, 11:55:57 AM It is a major resistance level. At this time I only really care about $547 on bitfinex. I will go long and stronger at $458 if we can get there... Mark my words 200 at $458 if it can break through.. $457 ...!!! and it wont be me only... Lets see.... Ok , with the price as we talk at 510 , I must admit i honestly have no idea what you're talking about. Title: Re: We need to pass $547 to see a REAL jump! Post by: Smack That Ace on May 22, 2014, 11:56:14 AM Hello Shark
You have posted A very nice and interesting post as we get to see perspective of a trader rather than general community who are using bitcoin as a currency more than a trading commodity. I was also wondering if you could help clarify the concepts of going long and short as well as other trading concepts that we could use in order to understand trading in general and bitcoin trading also specially for those people who have never been exposed to such terms before. I am sure like me there must be many others who would be interested in trading bitcoin and might have a few lieng around for saving purpose. Some questions that you can shed light upon How do we get started? What exchange to use for trading that will be supportive towards newbies? How much amounts to start with and what could be our expected return? Any guide you can give us on buying and selling on the platform and when to go long or short ? How about inter trading between crypto currencies ? There could be many other things such as trends to look at, market indicators, high volume days, etc. Would love to read a short essay and then feel confident enough to trade at the same time help other forum memebers . Regards Duke Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 08:17:17 PM Trading is a totally different beast than investing.
Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times) Once in 1987 and once in 1999. Both times were because of margin calls. MARGIN CAN KILL YOU... If you want to be financially set their in only one thing i can tell you that will be `golden` Understand very , very , very , very well. Two things..... Greed & Fear These two emotions are what makes a dumb trader and professional. I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price. I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news. Some tips I use are: - Buy on rumor, sell on news.. - always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item. - trade WITH the momentum (IE. the trend is your friend) - watch TA charts but as a guidance not a bible. - create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine. - watch moving average (when they cross) :) - understand the REAL value of anything you buy or short. companies have a book value - UNDERSTAND SUPPLY and DEMAND - try to find insider information :) :) :) :) There are many more things that I can help you guys with but honestly for me to make money i need to make it from you... That`s the honest truth.. So I need to keep something to myself , right? I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours. But what do i know..? Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ? Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit. Make YOUR plan and execute it.. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 08:38:09 PM on a side note...
Things are looking very good but again you cannot be confident until you have confirmation. VOLUME - NEWER HIGH Watch OBV, MACD Moving Averages as guidance. (PS). If you trade remember that you can use hidden orders. Imagine you want to buy but not make the market spike up because your buy order is large. place a hidden buy order For example: 200 AT $500.01 (HIDDEN) 26.46 (random number) at $500.00 People will see your order at $500 for 26.46 and try to sell it but your larger order (hidden) will get all the sells. (Filling partially) I will send you another excellent tip to move the market later .... Cheers... Title: Re: We need to pass $547 to see a REAL jump! Post by: Skele on May 22, 2014, 10:29:13 PM China has nothing to do with Bitcoin prices now. I always thought USD was banned for use in China. So how do normal people in China have the currency that supports the Bitcoin prices? They don’t. It is Americans who control the Bitcoin prices.
550 barrier break by saturday!. Title: Re: We need to pass $547 to see a REAL jump! Post by: studio1one on May 22, 2014, 10:45:20 PM China has nothing to do with Bitcoin prices now. I always thought USD was banned for use in China. So how do normal people in China have the currency that supports the Bitcoin prices? They don’t. It is Americans who control the Bitcoin prices. 550 barrier break by saturday!. more volume is done in RMB than USD. Title: Re: We need to pass $547 to see a REAL jump! Post by: BitchicksHusband on May 22, 2014, 10:55:26 PM Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic. :-X Heard Huobi started this pump followed by BStamp 10min after? Doesn't really matter :) wouldn't be surprised if the whale team were using both major exchanges. Around 74,000BTC on Huobi and 30,000BTC on BStamp past 30Hrs. $547 seems totally possible assuming consistent/increased trading volumes. I'm hoping this time round we test but don't penetrate $500 barrier and trend towards $430, only because I'm in FIAT :D Either way, interesting 2days to follow! I am all FIAT too.. we need a steep downtrend to refill the btcbank. Sorry. Bitcoin doesn't work that way. If you don't get in soon, we'll all be watching out for your "I'll get back in once bitcoin drops below $400" posts. Title: Re: We need to pass $547 to see a REAL jump! Post by: BitchicksHusband on May 22, 2014, 10:58:52 PM This is what I noticed. It was sub 400 for a while (few days - few weeks) then it crept up to 420 ish and so on. Maybe it might be a slow upturn, a shot up, back down. My guess is a slow steady uptrend. It was sub 400 for few hours only. Yeah. I scored a $379 and a $354 on Coinbase. I just got lucky that I could look at it at the time. It was only 1-2 hours. Title: Re: We need to pass $547 to see a REAL jump! Post by: BitchicksHusband on May 22, 2014, 11:07:11 PM Trading is a totally different beast than investing. Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times) Once in 1987 and once in 1999. Both times were because of margin calls. MARGIN CAN KILL YOU... If you want to be financially set their in only one thing i can tell you that will be `golden` Understand very , very , very , very well. Two things..... Greed & Fear These two emotions are what makes a dumb trader and professional. I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price. I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news. Some tips I use are: - Buy on rumor, sell on news.. - always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item. - trade WITH the momentum (IE. the trend is your friend) - watch TA charts but as a guidance not a bible. - create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine. - watch moving average (when they cross) :) - understand the REAL value of anything you buy or short. companies have a book value - UNDERSTAND SUPPLY and DEMAND - try to find insider information :) :) :) :) There are many more things that I can help you guys with but honestly for me to make money i need to make it from you... That`s the honest truth.. So I need to keep something to myself , right? I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours. But what do i know..? Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ? Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit. Make YOUR plan and execute it.. You lost your entire capital twice? (Please tell me you have a net worth in the millions and you don't work a day job.) You do realize that bitcoin is not a stock, right? You don't seem to because you are putting in $35 shorts when bitcoin is going into a bubble, even after you lost big on your stop loss. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 22, 2014, 11:18:07 PM LOL
I wish i had millions... I lost everything i had to my name plus about 20% more then I had invested. Was horrible... really horrible. I have learned many things from my investing and trading.. AGAIN FEAR AND GREED I understand better than most what bitcoin is and can be or cant be in the future. I have made many mistakes in my life. but trading for me is 100% without emotion now. I either gain money or lose money. Nothing else. I will make a very bold statement right now: WE WILL TEST $457 100%..... Lets see what happens. Title: Re: We need to pass $547 to see a REAL jump! Post by: nickenburg on May 22, 2014, 11:21:01 PM I think it needs to go above 600 then people will go pump it again,
People all over the world are getting vacation money, so some of that will be invested in bitcoin. Over the course of this year we can see where the price is going. Title: Re: We need to pass $547 to see a REAL jump! Post by: bitcoinsrus on May 22, 2014, 11:21:19 PM LOL I wish i had millions... I lost everything i had to my name plus about 20% more then I had invested. Was horrible... really horrible. I have learned many things from my investing and trading.. AGAIN FEAR AND GREED I understand better than most what bitcoin is and can be or cant be in the future. I have made many mistakes in my life. but trading for me is 100% without emotion now. I either gain money or lose money. Nothing else. I will make a very bold statement right now: WE WILL TEST $457 100%..... Lets see what happens. What did you invest in that cost you (the things you mentioned)? Are you bullish/bearish on btc? Title: Re: We need to pass $547 to see a REAL jump! Post by: metstijl on May 23, 2014, 12:21:05 AM almost
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 12:58:14 AM Here we go..
Lets see what happens.. Feeling very good about my decision. Buy at $548 HOLD until $700 `s Lets see now.... Title: Re: We need to pass $547 to see a REAL jump! Post by: Bitcopia on May 23, 2014, 01:23:06 AM LOL I wish i had millions... I lost everything i had to my name plus about 20% more then I had invested. Was horrible... really horrible. I have learned many things from my investing and trading.. AGAIN FEAR AND GREED I understand better than most what bitcoin is and can be or cant be in the future. I have made many mistakes in my life. but trading for me is 100% without emotion now. I either gain money or lose money. Nothing else. I will make a very bold statement right now: WE WILL TEST $457 100%..... Lets see what happens. Please tell me you learned something about risk management?!? You keep posting that what you learned from being cleared out twice is "FEAR AND GREED." That is probably the most primitive concept of trading. Creating, implementing, and unconditionally following a sound risk management strategy is how you avoid getting cleared out. It sounds like you are more of a gambler than a trader. P.S. Sorry to hear that happened to you. Just want you to not make the same mistake a third time.... Title: Re: We need to pass $547 to see a REAL jump! Post by: YipYip on May 23, 2014, 01:31:02 AM Trading is a totally different beast than investing. Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times) Once in 1987 and once in 1999. Both times were because of margin calls. MARGIN CAN KILL YOU... If you want to be financially set their in only one thing i can tell you that will be `golden` Understand very , very , very , very well. Two things..... Greed & Fear These two emotions are what makes a dumb trader and professional. I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price. I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news. Some tips I use are: - Buy on rumor, sell on news.. - always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item. - trade WITH the momentum (IE. the trend is your friend) - watch TA charts but as a guidance not a bible. - create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine. - watch moving average (when they cross) :) - understand the REAL value of anything you buy or short. companies have a book value - UNDERSTAND SUPPLY and DEMAND - try to find insider information :) :) :) :) There are many more things that I can help you guys with but honestly for me to make money i need to make it from you... That`s the honest truth.. So I need to keep something to myself , right? I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours. But what do i know..? Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ? Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit. Make YOUR plan and execute it.. Great post ....absolute love the google alert !!!! That was gold :D Title: almost there.. Post by: sharkyshark on May 23, 2014, 04:15:09 AM Still waiting...
Like I said until it hits $547 or higher not worth going long.. I still think it will hit there in the next 72 hours. China volume couldn't get it over the $547 , I guess there isn't enough buying power in China and their exchanges anymore.!! There are some great shorting for $10-15 dollars both up and down between $514 -$541 , if you play your cards right you could make some easy money. Lets wait and see. PS. If it starts to break down make sure you have your short ready.. average short in , dont try to pick the bottom. It all works out in the end.. Title: Re: almost there.. Post by: Bitcopia on May 23, 2014, 04:51:18 AM Still waiting... Like I said until it hits $457 or higher not worth going long.. I still think it will hit there in the next 72 hours. China volume couldn't get it over the $457 , I guess there isn't enough buying power in China and their exchanges anymore.!! Do you mean $547? Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 01:34:16 PM Sorry the number has been corrected.
We are very, very close now. Lets see. Title: Re: We need to pass $547 to see a REAL jump! Post by: akujin on May 23, 2014, 01:38:53 PM It already hit 547.1 but no jump? ;D ;D ;D
Title: Re: We need to pass $547 to see a REAL jump! Post by: ReBoRn on May 23, 2014, 01:41:41 PM It already hit 547.1 but no jump? ;D ;D ;D Its very quickly going to touch this 547 $ and now hope we have some more good jump from this and going to recover for long time loses Title: Re: We need to pass $547 to see a REAL jump! Post by: YipYip on May 23, 2014, 01:43:35 PM It already hit 547.1 but no jump? ;D ;D ;D touched it and was REJECTED :D .... for now Title: Re: almost there.. Post by: stompix on May 23, 2014, 01:45:05 PM Still waiting... Like I said until it hits $457 or higher not worth going long.. I still think it will hit there in the next 72 hours. China volume couldn't get it over the $547 , I guess there isn't enough buying power in China and their exchanges anymore.!! There are some great shorting for $10-15 dollars both up and down between $514 -$541 , if you play your cards right you could make some easy money. Lets wait and see. PS. If it starts to break down make sure you have your short ready.. average short in , dont try to pick the bottom. It all works out in the end.. It went 100$ in two days , that's a 20% gain in 48 hours and you called that not worth? Wake up !!!! Title: Re: We need to pass $547 to see a REAL jump! Post by: yrtrnc on May 23, 2014, 01:46:23 PM 547.1 ;D Lets see what happens next! Hope its not the opposite!!
Title: Re: We need to pass $547 to see a REAL jump! Post by: akujin on May 23, 2014, 01:46:37 PM Boom! dumping.. ehehe ;D ;D ;D
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 01:56:33 PM DID NOT TOUCH YET !!!
Please note I clearly stated $547 on BITFINEX. We will test it. Dont worry... Title: Re: We need to pass $547 to see a REAL jump! Post by: spazzdla on May 23, 2014, 02:41:46 PM awww back down to 528 :(.
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 02:45:32 PM Wait and see...
Its not always straight up. We will test it and if it passes the $547 i am in for the next leg up! Have patience.. PS. $537 now... This is why I am not buying before, I will wait for the confirmation. Title: Re: We need to pass $547 to see a REAL jump! Post by: zimmah on May 23, 2014, 02:58:18 PM It already hit 547.1 but no jump? ;D ;D ;D touched it and was REJECTED :D .... for now what is so significant about 547 anyway? Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 03:16:11 PM You will see when it passes $547 on bitfinex..
I would imagine it will jump to $572 ish area with high volume in and around $600 . Should be interesting.. NEVER TOUCHED $547 on BITFINEX... Title: Re: We need to pass $547 to see a REAL jump! Post by: Ultros on May 23, 2014, 03:31:47 PM What's so important about Bitfinex if I may ask? I see a good strong wall at 540 there.
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 03:35:40 PM Watch that wall disappear..
"The games we play" Title: Re: We need to pass $547 to see a REAL jump! Post by: serenitys on May 23, 2014, 05:33:27 PM I could've sworn that some time in the am it hit 550...was I hallucinating?
It's probably safe to generally expect a drop but is there a particular $ range to be considered in order to discern whether it's just bouncing from the traders playing chicken or an actual drop in price that'll land somewhere awhile - much the way the 450 range was all of April and most of May? One more time on this question I'm starting to think is a super top secret thing... please clarify the red and green lines, and the whitish-blue and tan lines on all these charts so I can understand better what is happening. Thanks kindly Title: Re: We need to pass $547 to see a REAL jump! Post by: akujin on May 23, 2014, 05:49:57 PM Looks like your 547 will be delayed for a while :D
Title: Re: We need to pass $547 to see a REAL jump! Post by: spazzdla on May 23, 2014, 06:02:57 PM *League of Legends Voice*
SHUT DOWN Title: Re: We need to pass $547 to see a REAL jump! Post by: Argwai96 on May 23, 2014, 06:20:02 PM Might have been a major top there. Nice double top/slightly lower high, bearish divergences, broken wedge downward and did not retrace this uptrend at all. If we stay in an uptrend i think we will at least see a correction back to mid-high 400s
Title: Re: We need to pass $547 to see a REAL jump! Post by: mmortal03 on May 23, 2014, 06:28:10 PM Coinbase hit $547.97 this morning. :P
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 07:21:53 PM Nothing bearish at all happening...
We are just still waiting for the test of $547 on Bitfinex with volume. I didnt say it would be easy.. BUT if it can pass $547 USD on Bitfinex we will see SIGNIFICANT upwards movement.. I am still waiting ... Picked up some shorts today as i saw it was weak.. Like I said before there are some good day trading in the $505 - $540's range. I just do want to be caught short and it push through $547.. (that would suck,,,) Lets see.... Title: Re: We need to pass $547 to see a REAL jump! Post by: akujin on May 23, 2014, 08:22:34 PM Why bifinex? They only follow stamp ???
Title: Re: We need to pass $547 to see a REAL jump! Post by: BitchicksHusband on May 23, 2014, 08:28:00 PM Somebody's large shorts getting squeezed or something I would imagine. The person will be forced to buy to pay it off.
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 08:30:31 PM Doesn't NEED to be Bitfinex but that is the market i am watching...
To each their own i guess.. If the price on Bitfinex goes below $507.90 usd be very careful... Might be a good idea to watch both sides... I would short at $507.90 USD @200 bitcoins. I would buy at $548.00 USD @200 bitcoins. Until one of these hit i am playing the day trading game with 50 bitcoins only. Title: Re: We need to pass $547 to see a REAL jump! Post by: derpinheimer on May 23, 2014, 09:04:27 PM Doesn't NEED to be Bitfinex but that is the market i am watching... To each their own i guess.. If the price on Bitfinex goes below $507.90 usd be very careful... Might be a good idea to watch both sides... I would short at $507.90 USD @200 bitcoins. I would buy at $548.00 USD @200 bitcoins. Until one of these hit i am playing the day trading game with 50 bitcoins only. These numbers fit with my thoughts as well. Even nearing $500 spells the end to this rally IMO. Title: Re: We need to pass $547 to see a REAL jump! Post by: scarsbergholden on May 23, 2014, 09:10:17 PM Doesn't NEED to be Bitfinex but that is the market i am watching... To each their own i guess.. If the price on Bitfinex goes below $507.90 usd be very careful... Might be a good idea to watch both sides... I would short at $507.90 USD @200 bitcoins. I would buy at $548.00 USD @200 bitcoins. Until one of these hit i am playing the day trading game with 50 bitcoins only. These numbers fit with my thoughts as well. Even nearing $500 spells the end to this rally IMO. .382 for the whole move is around 507 level. so i am thinking if that level cant hold (and because of psychology I would extend this to 500 probably) then you are right Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 09:24:18 PM I already have staggered shorts ready for the way down. Also buys for the way up.
The way I trade is take my total amount that I wish to trade and the average price and then stagger the buys or sells over a .10-.30 cents spacing. I sometimes try to pick the bottom but in a thin ask/bid market like bitcoin and market makers that are always filling market orders to THEIR liking, I prefer to use the "kiss" methodology "keep it simple stupid" I should be able to get some shorts filed going up and down. But I would prefer a break of $547 on the upside and watch this jump.. Mybe now is not the time.. (in case in the rare occasion someone out there is listening that can move this market) PS. On a side note, if I had enough bitcoins I would drop the market by placing consecutive market orders & limit orders on bitstamp and bitfinex and huobi. something like 50,000 bitcoin to $400 and then before that have 100,000 bitcoin buys staggered down to the last low .. Then market order back up.. Would shake this tree so hard and make a permanent bottom and allow for a PURE / NEW uptrend... or KISS <--- just go up... :) Hey but " what do i know right?" Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 09:51:22 PM This doesn't look good... :o
I hope this goes up and definitely doesn't go down to $507 area... http://i59.tinypic.com/25zl994.jpg Lets see... Title: Re: We need to pass $547 to see a REAL jump! Post by: frienemy on May 23, 2014, 10:03:48 PM This doesn't look good... :o I hope this goes up and definitely doesn't go down to $507 area... http://i59.tinypic.com/25zl994.jpg Lets see... Well, to me it looks like a long-legged doji, therefore no clear signal. Does not need to be bearish. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 10:22:59 PM Long-legged doji candles are deemed to be the most significant when they occur during a strong uptrend or downtrend. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a shift in the direction of the trend may be coming.
This doesn't look good... :o I hope this goes up and definitely doesn't go down to $507 area... http://i59.tinypic.com/25zl994.jpg Lets see... Well, to me it looks like a long-legged doji, therefore no clear signal. Does not need to be bearish. Title: Re: We need to pass $547 to see a REAL jump! Post by: ampere9765 on May 23, 2014, 10:25:37 PM Yes I would agree that the doji is a clear topping signal, though obviously one should be looking to other indications also that signal the reversal. Lot of negative divergence on the last two pushes up too.
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 23, 2014, 10:30:19 PM If this was a blue chip stock I would be very , very confident in going short now.
BUT... This is bitcoin and it is highly manipulated. I have to trade on major support and resistance levels. If someone or a group of people want this to be $400 or $600 they will make that happen anyways.. Just the way it is at this point with a small marketcap, thinly traded item.. Have fun... PS. watch the large asks and bids be removed every time that they are put up.. LOL Title: Re: We need to pass $547 to see a REAL jump! Post by: frienemy on May 23, 2014, 10:47:36 PM Long-legged doji candles are deemed to be the most significant when they occur during a strong uptrend or downtrend. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a shift in the direction of the trend may be coming. This doesn't look good... :o I hope this goes up and definitely doesn't go down to $507 area... http://i59.tinypic.com/25zl994.jpg Lets see... Well, to me it looks like a long-legged doji, therefore no clear signal. Does not need to be bearish. Agreed. Definitively a sign that I should go to bed now, when eyes see the right thing, but brains conclude the wrong thing. Goodnight from Europe. Title: Re: We need to pass $547 to see a REAL jump! Post by: Benjig on May 24, 2014, 12:56:06 AM This doesn't look good... :o I hope this goes up and definitely doesn't go down to $507 area... http://i59.tinypic.com/25zl994.jpg Lets see... Well with bitcoin we never know, but this graphic doesnt looks good, hope we dont get below 500 again.. Title: Re: We need to pass $547 to see a REAL jump! Post by: Miz4r on May 24, 2014, 01:16:26 AM Don't see any reason to worry yet. A retracement to the low 500s was at least to be expected, 540-550 is a tough resistance area after all. Could form a nice handle from here to complete a bullish cup&handle pattern.
https://i.imgur.com/kgxlQUM.jpg Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 24, 2014, 01:36:39 AM I am buying here at $518.01
Lets see how it works out!?? (first part completed) Next buys at : $510 $505 and the most at $501 Hope they can all get filled. Dont want to chase this back up.. Title: Re: We need to pass $547 to see a REAL jump! Post by: STT on May 24, 2014, 02:05:34 AM Im just reading this thread but on the same day I noticed it was moving possibly breaking the downtrend. It pays to be quite sceptical though and I wrote down 533 as the point which needs to break and confirm as a floor before we can really be sure this isnt just another minor bounce.
My rough take just looking again now is that it has failed to break that point. However theres some hope so long as volume declines as the price does, it makes for a weak move. 4 hour chart I take as most significant as it fits global timezones and varied marketplaces, obviously China can dominate at times and for the moment volume has dropped. Ideally it would break 533 or 547 whichever and do so on greater volume then seen previously. 400 is my guess for a floor, as in dont break the ice kinda floor :p Title: Re: We need to pass $547 to see a REAL jump! Post by: segeln on May 24, 2014, 07:24:49 AM If you check the pricemovement in 2014 you will see,that 547 $ was only at 16.April a resistance.
So I think it is not a very strong resistence since earlier in 2014 it has been several times a support Title: Re: We need to pass $547 to see a REAL jump! Post by: segeln on May 24, 2014, 07:34:24 AM Long-legged doji candles are deemed to be the most significant when they occur during a strong uptrend or downtrend. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a shift in the direction of the trend may be coming. Quote Well, to me it looks like a long-legged doji, therefore no clear signal. Does not need to be bearish. we are not in a strong uptrend. compared to other BTC-uptrends this is a medium uptrendso the doji Comes not unexpected. This medium sized Rally ist more unexpected since we hav no really a reason for it. Title: Re: We need to pass $547 to see a REAL jump! Post by: windjc on May 24, 2014, 08:01:53 AM Nothing bearish at all happening... We are just still waiting for the test of $547 on Bitfinex with volume. I didnt say it would be easy.. BUT if it can pass $547 USD on Bitfinex we will see SIGNIFICANT upwards movement.. I am still waiting ... Picked up some shorts today as i saw it was weak.. Like I said before there are some good day trading in the $505 - $540's range. I just do want to be caught short and it push through $547.. (that would suck,,,) Lets see.... With all due respect, I think you are wrong. 506-507 is only a 38% retracement from the top of this rally from where it began. Not AT LEAST hitting that is very very bullish, especially since we shot right past $500 and "if this were a stock" we would be guaranteed to retouch such a significant #. We could retrace to $495 (around 50% retracement) and still be fine. Go ahead, short 200 btc at $506. Let's see how that works out for you. Title: Re: We need to pass $547 to see a REAL jump! Post by: Miz4r on May 24, 2014, 09:27:37 AM If you check the pricemovement in 2014 you will see,that 547 $ was only at 16.April a resistance. So I think it is not a very strong resistence since earlier in 2014 it has been several times a support That's exactly why it's a strong resistance now. Support becomes resistance once broken, and strong support becomes strong resistance. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 24, 2014, 11:56:30 AM Nothing bearish at all happening... We are just still waiting for the test of $547 on Bitfinex with volume. I didnt say it would be easy.. BUT if it can pass $547 USD on Bitfinex we will see SIGNIFICANT upwards movement.. I am still waiting ... Picked up some shorts today as i saw it was weak.. Like I said before there are some good day trading in the $505 - $540's range. I just do want to be caught short and it push through $547.. (that would suck,,,) Lets see.... With all due respect, I think you are wrong. 506-507 is only a 38% retracement from the top of this rally from where it began. Not AT LEAST hitting that is very very bullish, especially since we shot right past $500 and "if this were a stock" we would be guaranteed to retouch such a significant #. We could retrace to $495 (around 50% retracement) and still be fine. Go ahead, short 200 btc at $506. Let's see how that works out for you. .......................................................................... You would be very surprised how well it will work for me... I only trade on confirmations. I am neither a long or short overall. I am here to trade bitcoin only. If I can short it for money i will if i can buy it for profit i will.. Lets see what happens.. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 24, 2014, 12:36:47 PM Look like we will be going to the following levels..
if there is a downturn .. >:( Huobi : 3048 Bitstamp : 495 Bitfinex : 494 If we can pass $547 then up, up, up. Lets see.. Title: Re: We need to pass $547 to see a REAL jump! Post by: windjc on May 24, 2014, 06:01:25 PM Look like we will be going to the following levels.. if there is a downturn .. >:( Huobi : 3048 Bitstamp : 495 Bitfinex : 494 If we can pass $547 then up, up, up. Lets see.. Which is exactly what I said. 50% retracement at most. So your going to try to skim short from 506 to 495? Sounds risky to me. Doubt you get the chance though. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 24, 2014, 11:50:00 PM I am shorting on bitfinex @529/530 closing all longs.
I think this is a fake break out.. Lets see.. Title: Re: We need to pass $547 to see a REAL jump! Post by: damnek on May 25, 2014, 12:06:42 AM I am shorting on bitfinex @529/530 closing all longs. I think this is a fake break out.. Lets see.. Keep on gambling, it makes the market liquid and in play :) Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 12:17:24 AM I am shorting on bitfinex @529/530 closing all longs. I think this is a fake break out.. Lets see.. Keep on gambling, it makes the market liquid and in play :) ahhhh, okkk.. Just watch the 1 day candle form.. (for today) On Huobi, Bitfinex and Bitstamp.. 8) Like clock work.. :) thank you... Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 12:35:23 AM I could be wrong...
I will only close my shorts if it go over $457 on bitfinex... Adding more shorts as we go up to $450 . Title: Re: We need to pass $547 to see a REAL jump! Post by: adamstgBit on May 25, 2014, 12:41:13 AM you should have stuck to your plan form OP...
Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 25, 2014, 12:44:45 AM We got through the last treadline but the REAL issue will now be $547 USD on bitfinex. If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards.. I have shorted at $500 even on bitfinex.. I think a 50% fib retracement to $472 ,,, If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again. LETS SEE what happens.. I think a 50% fib retracement to $472... I had a similar number in mind, but... Have you heard about the Bud Concert Series Bitcoin giveaway? Fundamentals matter a lot, and with so much amazing good news, Bitcoin might go to $800 (for example) before you see a classic "predictable" correction. Title: Re: We need to pass $547 to see a REAL jump! Post by: STT on May 25, 2014, 12:52:11 AM No this is no good. Volume flat lined and price has risen some off the recent lows. It does not appear constructive to a bigger move and personally I dont care for anything less then 100 up or down. Right now its idling with the heater on, eating doughnuts and coffee. Is this the time it breaks upward, I would guess not more likely a repeat so back to defcon 5 imo :p
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 12:54:09 AM I am sticking to my plan...
I am short bitcoin @$530.. I will short more at $535 and $540 ,, if it goes to $550 i will stop and get ready to close the shorts and buy 200 at $548.. IF not then down we go and i will be very happy either way.. Whats the issue? lol Title: Re: We need to pass $547 to see a REAL jump! Post by: adamstgBit on May 25, 2014, 12:57:51 AM If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go long again. you should have no more shorts and ready to go long Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 25, 2014, 01:04:38 AM ... Whats the issue? lol The issue is you are shorting like mad in a long-term Bull market and prepared to take losses & go long at a higher price. A much better plan would have been to buy big at ~$400 (or lower) and sell part of that now, so you win either way. Title: Re: We need to pass $547 to see a REAL jump! Post by: adamstgBit on May 25, 2014, 01:11:42 AM I am sticking to my plan... I am short bitcoin @$530.. I will short more at $535 and $540 ,, if it goes to $550 i will stop and get ready to close the shorts and buy 200 at $548.. IF not then down we go and i will be very happy either way.. Whats the issue? lol ok i'm calling your strategy "premeditated panic buying" ;D not a bad plan in all honesty, i like your numbers. Title: Re: We need to pass $547 to see a REAL jump! Post by: windjc on May 25, 2014, 01:57:52 AM I am sticking to my plan... I am short bitcoin @$530.. I will short more at $535 and $540 ,, if it goes to $550 i will stop and get ready to close the shorts and buy 200 at $548.. IF not then down we go and i will be very happy either way.. Whats the issue? lol Thats a horrible plan. You should have put in short orders at 545 right below the obvious resistance at 547. Now the market has already corrected and it is consolidating higher for a breakout above 547 within the next few days. I bought at $525. What's the issue? lol Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 03:20:59 AM very interesting.....
I am ready to close shorts and go long at $548 on bitfinex... lets see.. Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 03:23:53 AM very interesting..... I am ready to close shorts and go long at $548 on bitfinex... lets see.. .............. Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 04:36:08 AM 541 on bitfinex
Time for the test? Title: Re: We need to pass $547 to see a REAL jump! Post by: Marbit on May 25, 2014, 04:44:39 AM 541 on bitfinex Time for the test? Certainly seems like it. So who's betting for it to break, and who's betting against? Heh, I think it will fail, but I am too scared to short. If it breaks and looks strong, I'll be buying in for the ride, though. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 04:50:02 AM I am short just finished filling 540's short..
but if it passes $547 i will buy 200.... :) Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 04:53:24 AM I am short just finished filling 540's short.. but if it passes $547 i will buy 200.... :) http://puu.sh/905IJ/45530d4c28.png (bitfinex) Are you sure you have the money to buy 200 BTC? ;) Title: Re: We need to pass $547 to see a REAL jump! Post by: hyphymikey on May 25, 2014, 04:53:27 AM challenge accepted
Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 04:54:38 AM Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 04:57:22 AM Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:00:29 AM Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:01:40 AM http://puu.sh/9069z/f040cb7f00.png Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 05:05:25 AM It should go to $572 ASAP or it is very weak.
I am long... Lets see what happens.. Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:06:23 AM It should go to $572 ASAP or it is very weak. I am long... Lets see what happens.. http://puu.sh/906qz/809519b698.png Buy your 200 BTC bby Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:08:22 AM It should go to $572 ASAP or it is very weak. I am long... Lets see what happens.. http://puu.sh/906qz/809519b698.png Buy your 200 BTC bby http://puu.sh/906yc/1d027a0063.png BUY BUY BUY BUY BUY BUY BUY Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:09:41 AM It should go to $572 ASAP or it is very weak. I am long... Lets see what happens.. http://puu.sh/906qz/809519b698.png Buy your 200 BTC bby http://puu.sh/906yc/1d027a0063.png BUY BUY BUY BUY BUY BUY BUY http://puu.sh/906Cq/f6dbd75ed6.png HABBENINING Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 05:18:17 AM Bought at $548 ......
Selling 50% now as it seems weak.. $565 Lets ee Title: Re: We need to pass $547 to see a REAL jump! Post by: Wolf Rainer on May 25, 2014, 05:19:36 AM Here we go! 1.000 at June/July.
Title: Re: We need to pass $547 to see a REAL jump! Post by: BusyBeaverHP on May 25, 2014, 05:20:56 AM ┗(°0°)┛
Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 05:33:41 AM I think it will to back to $459-$551 and then back up.....to $572..
Got my bids in.. staggered all the way down.. Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:36:03 AM I think it will to back to $459-$551 and then back up.....to $572.. Got my bids in.. staggered all the way down.. I too suspect this. Hopefully I wake up to 570 or 580 ;) Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 05:45:18 AM The only thing I DO NOT WANT TO HAPPEN is the price to hit $527.5 in the next 3 hours.
That would be horrible and i would need to go ALL in and short this puppy with 85% of my funds.. I dont think it will happen but imagine that candle..... :o :o :o :o Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:50:07 AM The only thing I DO NOT WANT TO HAPPEN is the price to hit $527.5 in the next 3 hours. That would be horrible and i would need to go ALL in and short this puppy with 85% of my funds.. I dont think it will happen but imagine that candle..... :o :o :o :o Not likely Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 05:54:42 AM I know , but can you imagine what would happen to me, you and everyone trading this stock if it fell?
I would be stopped out. But imagine.... Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 05:55:56 AM I know , but can you imagine what would happen to me, you and everyone trading this stock if it fell? I would be stopped out. But imagine.... This is why I hold. Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 25, 2014, 06:10:50 AM Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 06:16:22 AM Excellent...
I am off to bed, see you at $572-$585 .. Goodnight.. Title: Re: We need to pass $547 to see a REAL jump! Post by: dropt on May 25, 2014, 07:14:50 AM Nice to see that the asian market is doing it again, this midnight (in usa) buys cant be performed by any person but chinneses, indians and japanesses What are you talking about? These markets are open 24/7 and it's not like everyone in the world goes to sleep at 10PM. Title: Re: We need to pass $547 to see a REAL jump! Post by: hyphymikey on May 25, 2014, 07:24:45 AM Nice to see that the asian market is doing it again, this midnight (in usa) buys cant be performed by any person but chinneses, indians and japanesses Lol.. I'm American, and I was buying. Title: Re: We need to pass $547 to see a REAL jump! Post by: Skele on May 25, 2014, 07:30:14 AM Yes i know its 24\7 but we had not had this midnight buys until the chinna thing last year(i only remember some dumpers acting soon in the sunday morning on agoust 2013), so maybe other markets follow the ship but i think the bull trend starts on asia, dont get it? Banning it only made it more popular
Title: Re: We need to pass $547 to see a REAL jump! Post by: blatchcorn on May 25, 2014, 07:30:30 AM Title: Re: We need to pass $547 to see a REAL jump! Post by: btc-owl on May 25, 2014, 07:30:56 AM we'll hit 630 shortly 8)
Title: Re: We need to pass $547 to see a REAL jump! Post by: Wolf Rainer on May 25, 2014, 08:52:14 AM Hahahah, that was a good example. Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 25, 2014, 09:02:18 AM Hahahah, that was a good example. TA for children...LOL :) It has been a fun night, cannot wait to see what tomorrow will be like. Is BTC really heading above $800 this week? Title: Re: We need to pass $547 to see a REAL jump! Post by: YipYip on May 25, 2014, 09:05:58 AM Hahahah, that was a good example. TA for children...LOL :) It has been a fun night, cannot wait to see what tomorrow will be like. Is BTC really heading above $800 this week? I hope not ..we need it to slow down a little bit ;) Good luck to see this happen lolz :D Title: Re: We need to pass $547 to see a REAL jump! Post by: Gimmelfarb on May 25, 2014, 09:10:33 AM uh oh. i'm still about 1/2 fiat. i wonder if we will see a dip soon so i can get back in? if we can get back to 550, i can break even!! but i'd take 560 if it starts to look like it wont go any lower than that.
what do you guys think? Title: Re: We need to pass $547 to see a REAL jump! Post by: sgbett on May 25, 2014, 09:19:03 AM uh oh. i'm still about 1/2 fiat. i wonder if we will see a dip soon so i can get back in? if we can get back to 550, i can break even!! but i'd take 560 if it starts to look like it wont go any lower than that. what do you guys think? I think if you are waiting for a dip to buy, you should just buy. Equally, if you are waiting for a peak to sell, you should sell. The market never respects your wishes. Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 25, 2014, 09:20:19 AM uh oh. i'm still about 1/2 fiat. i wonder if we will see a dip soon so i can get back in? if we can get back to 550, i can break even!! but i'd take 560 if it starts to look like it wont go any lower than that. what do you guys think? This is a powerful up move, and some correction is natural, so it's hard to make accurate predictions. Also...The "Holiday Effect" can work to magnify both Greed and Fear. https://bitcointalk.org/index.php?topic=624292.0 Title: Re: We need to pass $547 to see a REAL jump! Post by: BlockStreet on May 25, 2014, 09:29:44 AM $584 on Bitstamp at 2:20AM PST. BOOOOMING!!!
http://i57.tinypic.com/11bi1zt.jpg Some serious acceleration going on tonight. (Grabbed the data from my app http://blockstreet.info ) Title: Re: We need to pass $547 to see a REAL jump! Post by: xDan on May 25, 2014, 10:39:54 AM WE MOON NOOW ;D
Title: Re: We need to pass $547 to see a REAL jump! Post by: pietje on May 25, 2014, 11:22:28 AM uh oh. i'm still about 1/2 fiat. i wonder if we will see a dip soon so i can get back in? if we can get back to 550, i can break even!! but i'd take 560 if it starts to look like it wont go any lower than that. what do you guys think? I'd buy now at this dip. We will probably hit 580 again soon. Title: Re: We need to pass $547 to see a REAL jump! Post by: Wilhelm on May 25, 2014, 11:30:40 AM I hope this is the bear trap, this will mean it might go 5K+ :D
Title: Re: We need to pass $547 to see a REAL jump! Post by: BitchicksHusband on May 25, 2014, 12:03:13 PM I know , but can you imagine what would happen to me, you and everyone trading this stock if it fell? I would be stopped out. But imagine.... Bitcoin is not a stock. The quicker you learn this, the less pain you will suffer. Title: Re: We need to pass $547 to see a REAL jump! Post by: BitchicksHusband on May 25, 2014, 12:06:10 PM if we can get back to xxx, i can break even!! Saddest words on these boards. Because you know a bear is about to get slaughtered. And then hang around the board moaning for a year afterward about how bitcoin will never amount to anything. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 12:55:39 PM That was a good night!!
We even saw a mini retracement and I dont see anything stopping us until the low $712 +/- Should be a fun next 1-4 days.. Title: Re: We need to pass $547 to see a REAL jump! Post by: CoinRocka on May 25, 2014, 01:07:06 PM uh oh. i'm still about 1/2 fiat. i wonder if we will see a dip soon so i can get back in? if we can get back to 550, i can break even!! but i'd take 560 if it starts to look like it wont go any lower than that. what do you guys think? I think if you are waiting for a dip to buy, you should just buy. Equally, if you are waiting for a peak to sell, you should sell. The market never respects your wishes. Liking your posts...keep on keeping' on! Title: Re: We need to pass $547 to see a REAL jump! Post by: spiderbrain on May 25, 2014, 02:55:26 PM And then hang around the board moaning for a year afterward about how bitcoin will never amount to anything. +1000Title: Re: We need to pass $547 to see a REAL jump! Post by: segeln on May 25, 2014, 03:45:31 PM Trading is a totally different beast than investing. excellentSome tips I use are: - Buy on rumor, sell on news.. - always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item. - trade WITH the momentum (IE. the trend is your friend) - watch TA charts but as a guidance not a bible. - create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine. - watch moving average (when they cross) :) - understand the REAL value of anything you buy or short. companies have a book value - UNDERSTAND SUPPLY and DEMAND - try to find insider information :) :) :) :) Make YOUR plan and execute it.. Title: Re: We need to pass $547 to see a REAL jump! Post by: windjc on May 25, 2014, 07:52:50 PM That was a good night!! We even saw a mini retracement and I dont see anything stopping us until the low $712 +/- Should be a fun next 1-4 days.. How did that short I warned you about work out for you? If you really did short at $540, you can't be too much in the profit now, because you ate those losses and trading fees. Not that I wish you any ill will, but you are making it sound like you are killing it, when you just got bit yourself. I think a hard retracement is more likely now than at 540. I do not see us going to 712 without a problem. Longs are highly leveraged now. Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 25, 2014, 08:48:47 PM That was a good night!! We even saw a mini retracement and I dont see anything stopping us until the low $712 +/- Should be a fun next 1-4 days.. How did that short I warned you about work out for you? If you really did short at $540, you can't be too much in the profit now, because you ate those losses and trading fees. Not that I wish you any ill will, but you are making it sound like you are killing it, when you just got bit yourself. I think a hard retracement is more likely now than at 540. I do not see us going to 712 without a problem. Longs are highly leveraged now. Your advice is good. Some people just tend to 'donate' heavily towards good traders. :) Title: Re: We need to pass $547 to see a REAL jump! Post by: Odalv on May 25, 2014, 10:20:32 PM Bought at $548 ...... Selling 50% now as it seems weak.. $565 Lets ee You are really dumbass. Title: Re: We need to pass $547 to see a REAL jump! Post by: Odalv on May 25, 2014, 10:21:56 PM Bought at $548 ...... Selling 50% now as it seems weak.. $565 Lets ee You are really dumbass. I have never seen dumber Title: Re: We need to pass $547 to see a REAL jump! Post by: JHammer on May 25, 2014, 10:32:39 PM Bought at $548 ...... Selling 50% now as it seems weak.. $565 Lets ee You are really dumbass. I have never seen dumber Double posts are usually a sign of a Dumb Ass... Title: Re: We need to pass $547 to see a REAL jump! Post by: CoinDiver on May 25, 2014, 10:34:49 PM I think if you are waiting for a dip to buy, you should just buy. Equally, if you are waiting for a peak to sell, you should sell. The market never respects your wishes. I would have 10x what I now hold, if I had acted in this manner. Good words to live by. Or just hold. That seems to work too. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 11:09:26 PM Thanks for the private messages..
Very cool. Didnt know so many people actually read these forums. I traded between $446 - $586 usd. 82% were winners and a net profit of 42% overall. I have done A LOT better and only beat holding from $446 - $586 usd by 18%+/- It is funny how every month (even after 18 years of trading) I learn something. I also am disappointing with Bitfinex this week. 4 times during the run up and the mini retracement, market orders were cancelled.. I tried to move the market , close a position, I do not do many market orders and so when I do I expect fast, efficient execution of my "market order". If Bitfinex reads this send me a private message so we can talk , I would like to go over a couple things and show you how if you want to be considered for large traders you need to step it up a notch. Again thank you for the contact again , if you have any questions I can try to help. Send me a private message. Cheers.. :) Title: Re: We need to pass $547 to see a REAL jump! Post by: windjc on May 25, 2014, 11:22:09 PM Thanks for the private messages.. Very cool. Didnt know so many people actually read these forums. I traded between $446 - $586 usd. 82% were winners and a net profit of 42% overall. I have done A LOT better and only beat holding from $446 - $586 usd by 18%+/- It is funny how every month (even after 18 years of trading) I learn something. I also am disappointing with Bitfinex this week. 4 times during the run up and the mini retracement, market orders were cancelled.. I tried to move the market , close a position, I do not do many market orders and so when I do I expect fast, efficient execution of my "market order". If Bitfinex reads this send me a private message so we can talk , I would like to go over a couple things and show you how if you want to be considered for large traders you need to step it up a notch. Again thank you for the contact again , if you have any questions I can try to help. Send me a private message. Cheers.. :) Why are people contacting you? You haven't given good trading advice on here to date and even if you did make a 18% profit on this move, no one else would have following your trades that you wrote about. Market orders on Finex are done quickly, but they are first come first serve. I always watch the order books on Bitcoinwisdom and Finex at the same time, to make sure that I can see the latest orders. You could always do several smaller limit orders and not risk getting slippage. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 25, 2014, 11:40:19 PM Why are people contacting you? You haven't given good trading advice on here to date and even if you did make a 18% profit on this move, no one else would have following your trades that you wrote about. Market orders on Finex are done quickly, but they are first come first serve. I always watch the order books on Bitcoinwisdom and Finex at the same time, to make sure that I can see the latest orders. You could always do several smaller limit orders and not risk getting slippage. [/quote] Well windjc aren't you rude.. I guess the internet lets you act that way .. huh? LOL, 2 people already sent me a message to just IGNORE you. I didnt know I could do that.. but it seems to work! Anyways, I am moving on.. Have a great evening. :-* PS. 42% Title: Re: We need to pass $547 to see a REAL jump! Post by: MatTheCat on May 25, 2014, 11:49:09 PM Longs are highly leveraged now. Where do you get information about long and short swaps on Bitfinex? (Bitfinex is only prominent platform where leverage is possible, right?) Well aren't you rude.. I guess the internet lets you act that way .. huh? To be fair, I remember replying to a post you made stating you were shorting at $500. I told you this was a bad idea and advised you take the $5 of profit you had at the time. Since then I have seen posts advertising short trade after short trade. If you have actually been making these trades then you have been getting slaughtered. Perhaps now, at $575, is a good time to start building up a short position, but this could go higher yet and I would imagine that the downside potential may not be so fantastic, at least not in the near term. Title: Re: We need to pass $547 to see a REAL jump! Post by: sharkyshark on May 26, 2014, 12:14:37 AM Where do you get information about long and short swaps on Bitfinex?
(Bitfinex is only prominent platform where leverage is possible, right?) Well windjc aren't you rude.. I guess the internet lets you act that way .. huh? This comment above was for windjc .............. .............. To be fair, I remember replying to a post you made stating you were shorting at $500. I told you this was a bad idea and advised you take the $5 of profit you had at the time. Since then I have seen posts advertising short trade after short trade. If you have actually been making these trades then you have been getting slaughtered. Perhaps now, at $575, is a good time to start building up a short position, but this could go higher yet and I would imagine that the downside potential may not be so fantastic, at least not in the near term. [/quote] ............. ............. Yes, I lost profit on that trade but no capital. I do not trade by the seat of my pants.. I study the trade before, and know 3-4 support and resistance levels, and various other aspects about the trade. I have made the MOST money staying with my plan and executing that plan. Years ago i would take small profits and change my trading intra trade. That is the worst thing you can do! You should know what you entry price is, your stop loss price and exit price. Unless fundamentals change I am sticking to my trade. Please also remember that i open 5-6 trades long and short at time. averaging up or down and closing in profit most times.. Cheers, Title: Re: We need to pass $547 to see a REAL jump! Post by: YipYip on May 26, 2014, 12:22:06 AM Why are people contacting you? You haven't given good trading advice on here to date and even if you did make a 18% profit on this move, no one else would have following your trades that you wrote about. Market orders on Finex are done quickly, but they are first come first serve. I always watch the order books on Bitcoinwisdom and Finex at the same time, to make sure that I can see the latest orders. You could always do several smaller limit orders and not risk getting slippage. [/quote] Well aren't you rude.. I guess the internet lets you act that way .. huh? LOL, 2 people already sent me a message to just IGNORE you. I didnt know I could do that.. but it seems to work! Anyways, I am moving on.. Have a great evening. :-* PS. 42% [/quote] I like your overall message as it is sound ;) Your message is about reading the market which is good ..the short at 540 would have been a stop out but its one trade & time to move on ..Win some lose some If any body is following anybodys trading advice verbatim then you are a fool...or send your money to me and i will look after it @ spendingyourmoney@bflavalonbASIC.com Also sippysharkdude you need to get a thicker skin than that ...this is "THE INTERNET" & crypto is the wild wild west Think of a circa 1788 bar in kansas where men where men and the sheep where nervous lolz Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 26, 2014, 12:23:15 AM ... I do not trade by the seat of my pants.. I study the trade before, and know 3-4 support and resistance levels, and various other aspects about the trade. I have made the MOST money staying with my plan and executing that plan. ... That is good advice, and you seem to be having fun which is also important. "We need to pass $547 to see a REAL jump!" Bitcoin might be due for some correction, but a "real jump" sounds great....$700, $800, $900? You said "jump", how high? :) Title: Re: We need to pass $547 to see a REAL jump! Post by: YipYip on May 26, 2014, 12:30:43 AM ... I do not trade by the seat of my pants.. I study the trade before, and know 3-4 support and resistance levels, and various other aspects about the trade. I have made the MOST money staying with my plan and executing that plan. ... That is good advice, and you seem to be having fun which is also important. "We need to pass $547 to see a REAL jump!" Bitcoin might be due for some correction, but a "real jump" sounds great....$700, $800, $900? You said "jump", how high? :) Agreed ...btc can do 15% per day without breaking a sweat ...I like the 20-40$ per day stuff as its nice and slow The specialist are manipulating it for their profit but the side effect is they are moving our market higher Without them it would be a stagnent pond ...long live market manipulation :D Title: Re: We need to pass $547 to see a REAL jump! Post by: log2exp on May 26, 2014, 12:41:21 AM $584 on Bitstamp at 2:20AM PST. BOOOOMING!!! Some serious acceleration going on tonight. (Grabbed the data from my app http://blockstreet.info ) Do you have an Android version for your app? Title: Re: We need to pass $547 to see a REAL jump! Post by: windjc on May 26, 2014, 12:44:21 AM Why are people contacting you? You haven't given good trading advice on here to date and even if you did make a 18% profit on this move, no one else would have following your trades that you wrote about. Market orders on Finex are done quickly, but they are first come first serve. I always watch the order books on Bitcoinwisdom and Finex at the same time, to make sure that I can see the latest orders. You could always do several smaller limit orders and not risk getting slippage. Well windjc aren't you rude.. I guess the internet lets you act that way .. huh? LOL, 2 people already sent me a message to just IGNORE you. I didnt know I could do that.. but it seems to work! Anyways, I am moving on.. Have a great evening. :-* PS. 42% Look. I don't have anything against you. Its just that the few trades you have mentioned, have been duds. And then you start telling us about all the people that have sent you fan mail. It just seems suspicious to me. Id love you to post your actual trades. I will do the same if you like. We can compare strategies for real, maybe learn something from each other. But you have been trading for 18 years you say and you trade with 200 btc blocks. I know, because I trade with 500-1500 blocks, that it is hard to get into and out of trades on Finex. It either takes forever or you have to pick your prices going in and coming out and let the market move over them. So, if you are trading 200 btc blocks, your strategy of high frequency trading seems suspect. But, by all means, lay it out for us in more detail so we can understand. Personally, I'm on this forum to LEARN. But when I smell bullsh*t I normally call it out, if anything to get clarification or to warn others. Title: Re: We need to pass $547 to see a REAL jump! Post by: YipYip on May 26, 2014, 12:49:10 AM Why are people contacting you? You haven't given good trading advice on here to date and even if you did make a 18% profit on this move, no one else would have following your trades that you wrote about. Market orders on Finex are done quickly, but they are first come first serve. I always watch the order books on Bitcoinwisdom and Finex at the same time, to make sure that I can see the latest orders. You could always do several smaller limit orders and not risk getting slippage. Well windjc aren't you rude.. I guess the internet lets you act that way .. huh? LOL, 2 people already sent me a message to just IGNORE you. I didnt know I could do that.. but it seems to work! Anyways, I am moving on.. Have a great evening. :-* PS. 42% Look. I don't have anything against you. Its just that the few trades you have mentioned, have been duds. And then you start telling us about all the people that have sent you fan mail. It just seems suspicious to me. Id love you to post your actual trades. I will do the same if you like. We can compare strategies for real, maybe learn something from each other. But you have been trading for 18 years you say and you trade with 200 btc blocks. I know, because I trade with 500-1500 blocks, that it is hard to get into and out of trades on Finex. It either takes forever or you have to pick your prices going in and coming out and let the market move over them. So, if you are trading 200 btc blocks, your strategy of high frequency trading seems suspect. But, by all means, lay it out for us in more detail so we can understand. Personally, I'm on this forum to LEARN. But when I smell bullsh*t I normally call it out, if anything to get clarification or to warn others. too be fair we have seen a lot of bullshit ,scams,cons and psychological unbalanced people on this forum would be an understatement ...lolz Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 26, 2014, 02:10:38 AM ... I do not trade by the seat of my pants.. I study the trade before, and know 3-4 support and resistance levels, and various other aspects about the trade. I have made the MOST money staying with my plan and executing that plan. ... That is good advice, and you seem to be having fun which is also important. "We need to pass $547 to see a REAL jump!" Bitcoin might be due for some correction, but a "real jump" sounds great....$700, $800, $900? You said "jump", how high? :) Agreed ...btc can do 15% per day without breaking a sweat ...I like the 20-40$ per day stuff as its nice and slow The specialist are manipulating it for their profit but the side effect is they are moving our market higher Without them it would be a stagnent pond ...long live market manipulation :D True, without the excess FUD and other types of "manipulation" the market could have rested for a longer time. It is a myth that Bitcoin needs "stability", because the old fiat system is way to shaky and in the future a flat BTC/USD exchange rate will be nearly impossible for very long. ...Happy dance. Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 26, 2014, 02:15:38 AM That fucking pump to 590
Title: Re: We need to pass $547 to see a REAL jump! Post by: Tx2000 on May 26, 2014, 02:31:07 AM Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 26, 2014, 02:32:43 AM Passing 600 in the next 48 hours Title: Re: We need to pass $547 to see a REAL jump! Post by: STT on May 26, 2014, 02:39:25 AM Im still not convinced especially. A good counter now would be to fall back but fail to fall properly. Then it could confirm the rise, if it just goes up and there isnt any mass of volume then it seems suspect to me.
Also it makes sense to follow the dollar index, as in real forex so that you can track some value of the rise. Recently DXY has been recovering its years losses some, this puts some pressure on everything sold in dollar Passing 600 in the next 48 hours If we're talking bullish targets then 657 would be in line with a fib retracement of the peak to trough 518 to hold these gains Title: Re: We need to pass $547 to see a REAL jump! Post by: Bit_Happy on May 26, 2014, 02:40:50 AM Passing 600 in the next 48 hours OK Passing $700 before June 7th. $800 before June 20th... $900 before the end of June. :) Want proof that BTC is booming? http://coinmap.org Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 26, 2014, 02:42:10 AM Im still not convinced especially. A good counter now would be to fall back but fail to fall properly. Then it could confirm the rise, if it just goes up and there isnt any mass of volume then it seems suspect to me. Also it makes sense to follow the dollar index, as in real forex so that you can track some value of the rise. Recently DXY has been recovering its years losses some, this puts some pressure on everything sold in dollar Volume is like 8x higher than when we stabilized at 444 Title: Re: We need to pass $547 to see a REAL jump! Post by: STT on May 26, 2014, 02:43:46 AM Yea Im talking over the last 6 months but sure it could be alot worse. Yesterday was good, literally a middle finger to the doubters :p Maybe its enough, Im certainly not short
https://i.imgur.com/MR3T045.jpg Title: Re: We need to pass $547 to see a REAL jump! Post by: Gingermod on May 26, 2014, 02:46:28 AM Yea Im talking over the last 6 months but sure it could be alot. Yesterday was good, literally a middle finger to the doubters :p Maybe its enough, Im certainly not short http://puu.sh/91s1v/0ede1eda89.png |
