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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.
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you know what I don't even want Wall Street money coming in right now I prefer the average joe to get in while things are still low u know?
exactly....let the billions come last when the supply is dry. |
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Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though. https://www.dropbox.com/s/wy1693hljko9qct/june2013log.pngYeah, I see. it's really uncanny..... are you an EW analyst? this market has been a pleasure to trade. No... far from it, but I'm interested in learning more. I'm a very early adopter who is mostly holding cold storage but without reason to panic sell even in deep, sustained drops. Happy trading! yeah the loot to be had by holding is fantastic. I always hold 80%, and day trade with 20% on leverage. managed to almost double my position so far. when learning about EW or TA, best to remember that they all have fundamental motives. it's pretty ambiguous otherwise. |
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Looking at the 2y log chart on stamp there are almost identical features in the price movements between Apr13 bubble top to late June and ATH 'til today. The longer view may hold some clues but also may obscure the finer details of price movements. Pretty cool though. https://www.dropbox.com/s/wy1693hljko9qct/june2013log.pngYeah, I see. it's really uncanny..... are you an EW analyst? this market has been a pleasure to trade. |
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At this time it could be anything, to be honest atm it feels like this market is led by some emotionally unstable teenagers.
emotionally unstable teenagers do not lead the market.... they are lead by the market. the whales are always there, dont forget. this chart is behaving very naturally. |
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Really critical point this...
Nobody likes unexpected surprises. before we enter the market we need a clear set of expectations and strategies to deal with uncertainty. If you dont know what you expect, you will never know when you are wrong. If you dont have any clear expectations, you're gambling and your emotions will take over.
To become in tune with general market conditions and fundamentals, it takes a lot of practise reading the charts. Paying special attention to liquidity, volume, times of day, risk themes, and developing junctures is critical for efficient risk management. the same is true for profit taking.
we all have our own styles to trading, so before taking the ideas of other traders, we must be sure it inspires our own style and we can manage the position to meet our own expectations.
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 yes bear trap, could be a good one. |
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here is a better chart. I believe we have just seen the 480 extreme tested and support is strong. I bought at 488. |
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idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct? that way I can ride the next wave to 10k  with 1/3 x more BTC than I have now, and never risk that position liquidating? sounds good right? you mean hedging? no hedging is different. hedging is simply having BTC and USD simultaneously. |
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idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct?
that is not correct can you explain why? I would always have one extra bitcoin to support the one that I am borrowing? oh wait. I get it. cos I have to pay in USD if it crashes to zero, and all my coins are worth nothing. silly me  |
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idea - if I have 2 BTC on BFX, and buy 1 BTC on 1:1 leverage, that position would never need to be liquidated correct? that way I can ride the next wave to 10k with 1/3 x more BTC than I have now, and never risk that position liquidating? sounds good right? |
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 possible short scalp for the day, or long entry target. buying all I can at 480 - 500.[/img] |
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possible short scalp for the day, or long entry target. buying all I can at 480 - 500. |
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lotsa hidden sell orders on bitfinex...buy walls gone, but it seems to be fighting still...
lets see!
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Big buyer on Bitfinex.... and big seller too.
somebody has sold 500 BTC at 535, while the wall at 530 is untouched.
EDIT wall gone! haha! I think maybe time to see correction to 500, maybe even 485 as planned.
As planned? I was expecting a correction to 500-480 before fresh highs after 548. |
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Big buyer on Bitfinex.... and big seller too.
somebody has sold 500 BTC at 535, while the wall at 530 is untouched.
EDIT wall gone! haha! I think maybe time to see correction to 500, maybe even 485 as planned.
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1k buy wall on bitfinex.... seems genuine
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but the waves do not overlap, so it is ambiguous. it may be a wave iii and impulse and have diagonal features.
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nope it's time to sing! (maybe after this dump here) but yeah!
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betting on 470-480 being bottom
+1 very strong support under those wedges. tried and tested. |
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