I was gonna say this at 2735 but had to go make me a BLT, but.. I think that was it...
Bid sums lookin too good on Huobi for any more dropping.
Huobi is notorious of suddenly waking you up from your low volume trance by violently smashing deep through everything you thought was a support and more and weeks of up candles are erased with a single down candle.
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You ask for volume and this is what you get...
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So now that we're having these problems again, does that mean we shouldn't be above $50 anymore
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Seconded I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...interesting...
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GOGOGOGOGOGO
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I cannot translate it either.
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Real panic buying will start at $465 and again at $480. At $520, the professional investors and traders will panic buy with big money.
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I'm only perceived as a bear due to the contrast that appears between me and uberturbobulls like rpetelia.
Actually you are perceived as a bear because all your posts are negative or bearish. You only perceive the posts as negative or bearish because of how they integrate into your belief structures of the way btc is supposed to trade. However, if any non-btc-iniated rational investor was to hear my projections, they might actual find them to be incredibly bullish. For example [we're only on a 500% growth per year trend rather than a 1000% growth per year trend] and [if the sky falls we might see as much as a 40% drop but it'll have a sharp rebound and break $1000 in 2015]
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^^ I noticed on the chart there was some point where time travel was performed.
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I remember when the candles used to be like this: And now they're like this:
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it is pumping time, till the end of the month there will be some epic pumps, and yes quote me on this
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Your volatile market is broken.
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I'm only perceived as a bear due to the contrast that appears between me and uberturbobulls like rpetelia.
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Actually bitcoin bulls would find this picture to be BEARISH because it implies that bitcoin is growing on a linear scale.
It does... Until the double-exponential rally happens, as it did 4 times now, and which should start soonish, as in early this summer. See if you notice any patterns on this logchart: So you're saying that it grows linearly sometimes and then sudden it starts growing exponentially? I think that is false and that the growth is consistently exponential at some degree. The graph says it all It either linearly grows, or linearly declines, but then it does periods of double exponential growth (exponential on a log graph), which all adds up to a simple exponential growth trend. Now what I don't understand from OP is how he can make a linear connection between two different time eras which had a period of double exponential increase inbetween them.
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Suddenly I feel bearish, because because I feel bullish. Every time this happens, a sudden violent repressed downwards spike occurs. Last time it was Caixin which came out right after I finished buying. They do it just to make a fool of me.
You're one messed up teddy bear , TERA . I'm not a bear; I'm a chartist, and I try to add a rational level-headed perspective to things. You do seem quite emotionally charged while giving a rational level-headed perspective. I like your charts though, but the emotions are very visible in you. I'ts usually me being upset over a person being irrational or making a false statement.
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Close to log trendline on Huobi. New China FUD must be prepared as we speak China is expected to ban Bitcoin again next week, possibly 4.30pm on Tuesday. If we're following a master puppeteer theory, maybe this time they're trying to demoralize us with a false trendline break and lots of traders getting burned badly
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Suddenly I feel bearish, because because I feel bullish. Every time this happens, a sudden violent repressed downwards spike occurs. Last time it was Caixin which came out right after I finished buying. They do it just to make a fool of me.
You're one messed up teddy bear , TERA . I'm not a bear; I'm a chartist, and I try to add a rational level-headed perspective to things.
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Suddenly I feel bearish, because because I feel bullish. Every time this happens, a sudden violent repressed downwards spike occurs. Last time it was Caixin which came out right after I finished buying. They do it just to make a fool of me.
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Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
Is that a bullish comment? I'm not entirely sure. TERA's reversals are as subtles as market's reversals. If you haven't noticed, I've kind of just been trolling around and making jokes. I'm not particularly bullish or bearish right now. I feel flat, like the market. The charts are confusing me. One one hand, the weekly chart and the long term chart looked like they were in a really bad position and that a huge correction was due back to some lower trendline, and there are all these unresolved things about millions of coins and about China. On the other hand, however, there is all of this massive growth and adoption, and really significant news events, all happening recently pushing it up and causing this not to happen. I tend to scoff at a rise over a news article but lately it's just been a barrage of dozens of news events. This may manifest into a long period of flatness as the bullish momentum slowly drills away at the downcrossed EMAs on the W1 chart. Then again there could be another downwards move if there are more negative events, however it's starting to seem like a risky bet. Of course it would probably happen right after I bought. There may have been an inflection point when someone purchased 40,000btc offline...
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Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
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