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The market is at an inflection point, I will soon find out (about an hour) if I got bull trapped or not.
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1. you are the bear whale!
2. crashing the markets so you can win the game, smart man.... love your style!
3. do you have a twitter feed you post your trades on..... you are my god......
1. No, I'm not even close. 2. That would take a huge amount of coins that I don't have. 3. No twitter account, only Linkedin. "you are my god"   |
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Look, I got lucky, the 8h interval happened to serve my trading practices this time, although in general it's a PITA.
You already saw that I'm too bearish, taking profits too soon, so please don't follow my trades, I don't want this responsibility.
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Buy at 199.07$
result 0.56683 BTC
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Found this chart today: ---- TARGET CORRECTION/UPDATE using a semilog chart the target for wave 5 is about USD 28,000 semilog is more suited to bitcoin market behavior rather than using arithmetic scale https://www.tradingview.com/v/dHbn7XZ4/ Yet another chart that ignores Bitcoin price history before 2013 Even with the fake 2013 trend, it would take turbo-Willy to reach that high so soon, he must be smoking hallucinogens. I would be pleasantly surprised to be above 500$ by April, but 28k$??? Come on... Oh shit, I closed my short too early again!  |
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Sell at 212.25$
0.53164 * 212.25 = 112.84$
Sad to see you sold, your inner bear got you. could have been sat around $115  I think i need to start following this guy......... I sold because I like to lock in profits, even if there was some room up. There were some bearish divergences so it was a "safe choice". But I had to answer an urgent e-mail and had no time to look at the market for a while. |
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Sell at 212.25$
0.53164 * 212.25 = 112.84$
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Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
Similar with other exchanges, except BTCChina. Soon the 1h MACD could cross to positive, and provide another push. |
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I confess to have closed my leveraged short much too early, at about 217$, and then had to go to sleep, it was 3 am my time.
Next morning after I woke up and saw the market, it was too late to open again, so I lost a lot of unrealized profit.
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Too early to call reversal. Probably just short covering
Shorts rose to 26k, not covering yet. |
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Buy at 181.27$
96.353$ / 181.27 = 0.5315 BTC
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Adam, time to change the poll, "<250 within 24hours" is pointless now.
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By comparing the current events with those of 17th - 18th October 2011, it it possible that the current bounce is a DCB.
In this case, it is possible to retrace to the same ballpark as the minimum. This needs to be watched closely, at some point
it is possible to see panic again and a large dump, if further upward movement is not confirmed.
Unfortunately, the retrace is happening. IMO we'll linger in this price range for several days, possibly even lower. |
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I sure hope he didn't lose everthing... Bitcoin was a bit higher in the past...  If he sold the house around 800$ and the price is now 300$ he lost 5/8th of its value but he said he would not have been able to sell the house if it wasn't for bitcoins (which I doubt is true) He sold the house on the 7th March 2014, when exchange price dropped from 660$ to 620$. Right now it's about 180$, this must have hurt (if he still holds coins and cares about price). |
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It's "despair", not "dispare".
Despair is a state of depressed mood and hopelessness (Wiki)
And IMO it's more despondency than despair now.
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sell at 196.48$
0.4904 BTC * 196.48$ = 96.353$
Locking profits, just in case
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Charts showing similarities and differences with October 2011, so far we have dodged the retrace, if this stays so it's bullish.   |
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By comparing the current events with those of 17th - 18th October 2011, it it possible that the current bounce is a DCB.
In this case, it is possible to retrace to the same ballpark as the minimum. This needs to be watched closely, at some point
it is possible to see panic again and a large dump, if further upward movement is not confirmed.
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014.
The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now.
For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges.
This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
What does bid/ask sum have to do with predicting major movements in price? Jack shit. GTFO of here with that useless FUD you worthless troll. Let's see what happened...  With a lot of help from Chinese panic sellers, my prediction became true regarding prices: Bitstamp 152$, BTC-E 176$, Bitfinex 166$, and mainland Chinese exchanges ~900CNY, let's say 150$. I was wrong about the timing though, the first drop started 2 days earlier than expected and ended with this high volume capitulation 7 days earlier. So my EW-derived method is not accurate with respect to timing... shrug. The extra fiat on Huobi only made a small difference, it wasn't possible to stop this deluge. And while this should be THE bottom, I wouldn't be surprised if support at these levels gets tested in a month or two. |
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China broke the 1000 CNY support! |
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