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Also the 'we have liftoff' / 'fasten your seatbelt' / 'CCMF' / etc forum indicator is in force.
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Can you point out what analys failed? So far it hasn't. This move up was expected and included. Remember?
Target is approaching and it's taking tons of volume to make tiny movements.
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It would be nice to get out of here. After the bounce off 8K I'm splitting half and taking a break again.
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I dont put much stock in events. I just read charts. There are many negative events during an uptrend or positive events during a downtrend and they fail to break the underlying trend. Only when the trend is already ready to be reversed and the whales were already there waiting for an excuse to dump or buy will it reverse. Otherwise youll see only a pinbar that goes past the trend but quickly and strongly reverses.
Lets take silk road for example. Terrible news as any. But it was clear on the very first day that it wasnt breaking the uptrend. It didnt turn the daily chart into a mess.
The millions of johns and joes getting on a train dont have a clue what any of these events mean. We simply just started running out of johns and joes.
If it was just one Fluke event on Friday you'd see more volume, a stronger recovery, and a better daily chart.
It wasn’t a fluke it was a concerted attempt to test the foundations of the market and the market held very firm and hasn’t been anywhere near that point since. It doesn't look like it held firm to me. The volume was lower than the past 3 major drops (its supposed to increase) and the recovery over the next 3 days was rather weak compared to previous. Just look at a daily chart to see what I mean. |
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I dont put much stock in events. I just read charts. There are many negative events during an uptrend or positive events during a downtrend and they fail to break the underlying trend. Only when the trend is already ready to be reversed and the whales were already there waiting for an excuse to dump or buy will it reverse. Otherwise youll see only a pinbar that goes past the trend but quickly and strongly reverses.
Lets take silk road for example. Terrible news as any. But it was clear on the very first day that it wasnt breaking the uptrend. It didnt turn the daily chart into a mess.
The millions of johns and joes getting on a train dont have a clue what any of these events mean. We simply just started running out of johns and joes.
If it was just one Fluke event on Friday you'd see more volume, a stronger recovery, and a better daily chart.
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Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. Warren Buffet will go big and buy like 100 satoshis. To the moon. Wow.
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^ See I'm not THIS bearish. I expect some kind of bounce at 8K
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This board is like a twilight zone where anything that's not a perpetual straight rise to $10,000,000 is bearish
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I did call a short term floor at 11700, and now im saying its going to 16000. Neither seem particularly bearish
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What do you think it's just going to continue setting a new ATH every 5 days with that weak chart and thin book? Its over. Get over it.
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Looks like its going with the 16k thing before the drop
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What are the holidays without drugs and washing them down with holiday spirits.
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I have to admit my calls about altcoins are much better than my calls about usd. You could made tremendous profits listening to every one of my altcoins calls including emc, bch at 0.07, and doge when it was still at 20 sat.
Where's the Tether calls?  I didn't make any Tether calls. I might have joked "tether to the moon" but I'm scared to death having to hold tethers instead of fiat. |
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I have to admit my calls about altcoins are much better than my calls about usd. You could made tremendous profits listening to every one of my altcoins calls including emc, bch at 0.07, and doge when it was still at 20 sat.
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It could take 5 years just for the next crypto winter to recover and there might not even be another ATH by then. So the question about the "ultimate ATH" might need to extend beyond 5 years.
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Would you stop trying to debate the hypothetical premise and just draw the damn chart? This is about trading.
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I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.
That doesn't make much sense. How so exactly? He wants to avoid the elephant in the room that doesn’t support his argument. FWIW he’s a good poster and I respect him but I think he’s running away from the Friday issue. And that is we took a beating on Friday but the market didn’t blink. How is he a good poster, he failed every single prediction  At least jbreher doesn't make predictions like that, his posts are far more helpful I think you're ignoring the 50% of predictions I dont fail. Not that 50/50 are good predictions, but its not failing every prediction. |
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IT didnt go down because someone dumped - it went down because all the buy support was removed. Eventually the support appeared on Bitstamp, and finex had to follow. Stamp became the leader.
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