 three times rejected from critical support. |
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Nice work. I just got back in at 488, but I'd feel lucky if I have in fact just nailed the bottom. wht concerns me is that the next obstacle after 480 is quite low down, but then again, 480 is pretty tough support. This is a very good risk/rewad set up.
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Why would you feel safe there? Most likely at that point someone will post a message in Chinese which causes everyone to absolutely completely totally panic and sell their coins.
I'd feel safe because I know that if the price goes back to 530 I'll be with the insiders. they will be selling high next time, prolly 580. the sheep are spent for the day. sheep know how to short as well, wouldnt want those ones to make any money would we  any ways not out of the woods yet. |
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Bouncing pretty smartly off my lower extreme target. Stamp had we worried for a second.  wave V could take us to 580 but I would only feel safe after we get back to the 520-530s. |
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So buying back in now, because of an expected pump would be a good strategy?
no, buying before an unexpected pump is a good strategy. thats why I just bought after the unexpected dump Ive been expecting for days at 488. |
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Silly. this is a tiny retracement. 580 in 2 days I bet you.
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I have the worst time knowing when to cut a loss with a trade. What do some of you guys set up a stop loss at?
depends where you got in and what your expectations are. everybody has a different style. if you took my stop level (i dont use stops) you might get into trouble. |
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Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
Don't you think its even a little bit suspicious that each of these announcements is preceded by a large dump, right before the news is made public? Actually no not at all. I have been expecting this dump for more than a day. EW analysis often seems to coincide with news, because news affects the market the most at extremes of sentiment. |
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Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
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very natural, loads of support @500. was hoping for 485 but I dont think Ill get it. the volume traded at 500 just there has plenty to to back it up.
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big volume swinging here... 1.8k @500 wall BFX
........ and there's plenty more where that came from.
..doubt we will pass 485
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Any bad (FUD or not) news from China for this recent drop?
huobi made a minor announcement, nothing really. it was pretty weak before the announcement, so this is just a natural correction. |
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Heck, thats a 'YES' bet I wanna win! if its over 10k by the end of this year, well then it's probably going to be $15k..... so at those odds, Id bet a little on yes, and It will be very rewarding to win.
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the range for today is prolly 480-580. thats my 2 cents.
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yes bear trap, could be a good one.  right, here is the wedge I was looking for. Lets see! I will be trading this breakout (if), looking for 580. |
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right! here is a shot. |
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If USD collapses, then why would 1 BTC only be worth $40k? And secondly, why are you pegging it to the USD if you're so confident that the U.S. economy will collapse?
exacly, we should peg it to the price of oil, or corn, as in BTC/corn, BTC/oil |
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Bitcoin is not an idle currency. In a year, it can only get a lot better or a lot worse. fundamentals say a lot better.
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an equally good question, how many bitcoins are left on the exchanges?
large players that are accumulating off exchanges due to broken trust could be holding a lot of coins right now. there may be a surprise shortage for short bears.
I don't think the world is short of bitcoins at the moment. This is just an example of wanting to believe that there is an explanation. and yet you believe there is a shortage of fiat? there is no shortage of fiat, 75 billion printed by the fed each month. There is shortage of bitcoins. look on both sides of the equation. we are talking about on the exchanges. Id be glad if you could tell me just how many bitcoins are on the exchanges. I only know how many there are certainly not. |
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