Its like the sell function on Houbi has been turned off.
Thinks. This reminded me to check the Stoch RSI. I forgot about that nifty feature.  |
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The bulls are behind the train trying to push-start it again.
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Are we on the train to the moon yet?
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It's nice to know we have an alternative to Wall Street.
Yet all the bulls want 'wall street to move in' and can't wait for the 'big wall street money' and wall street regulations. |
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What's up with the big btc transactions?  A while ago, I saw five 8k btc transactions and lots of 1k-4k transaction Sorry that's just me buying my stash for the year. |
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Can you guys please stop drawing charts connecting 2014 to 2013. We are broken out of that trend into a completely different trend.
Could you elaborate with some justification? I concede in advance that bitcoin price series have been difficult to forecast, yet clear patterns appear in the history. Indicators on weekly chart: RSI divergence. EW termination. EMA downcross. Imminent falling under weekly ichimoku cloud. |
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bears please click here.this has been a public service announcementHot newses are not going to do anything to the price trend. There needs to be volume and capitulation. ya i'm sure everyone is going to capitulate soon, because price is low and that makes poeple want to capitulate china banned bitcoin poeple sold for 6 months non stop, big deal, why the should i capitulate? I didn't say a word about China. This is strictly technical. The end of a trend needs to be marked with an increase in volume. |
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bears please click here.this has been a public service announcementHot newses are not going to do anything to the price trend. There needs to be volume and capitulation. |
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Will we finally manage to keep a 3d macd crossover green...that is what I am hoping to see ( on stamp).
You cannot use 3D MACD when 1W EMA is down and is so close ($480). You need 1W MACD to break this:  |
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I would draw the lines a bit more like this. It seems to me BTC is at a critical inflection point. A break below 400 would be bearish and a break above 550 would be bullish. The next few weeks should tell us which way this market wants to go.  Can you guys please stop drawing charts connecting 2014 to 2013. We are broken out of that trend into a completely different trend. |
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10th = Nothing ...5 mins after this Volume enters the market and we will see a rise
TA 101 = Anthing know and expected means the opposite
What if everyone is expecting a rise on May 10, so it falls. |
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China's like 'wha what's going on over there in that crazy west with those 'bitcoiners'? Is everthing ok guys? A 1K sell? That's cute. I'm still pumping, ok?'
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I think this is a distinctive feature of an extended downtrend - the sudden unexpected harsh enforcement action when the bulls start to get out of control.
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I just saw a 971 btc sell wall flash on finex and then disappear in 2 seconds.
edit: there it is on stamp 1019btc
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Can the train make it through the guantlet?  |
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I think it was something about a Chinese bank account closing or the 'apr 15 deadline'. I don't really care about the news though. I just know when we are close enough to the downtrend line, we are bound to go down for some reason or another - the market is just looking for any excuse to jolt down.
You have a shorting target then? I don't have any guess about the bottom that I can be confident about. I am closing out all my trading positions on the next big move, whether it is up (Trend reversal), or down (good price) and quitting trading. Fair enough, I'm just waiting for the real trend reversal and then Im max leverage and getting on with life for a few months. You have to keep in mind that even after the reversal there are going to be a lot of sideways periods that go on for months. Are you just going to hold a leveraged position for months and months? That's a lot of swap fees (and a lot of exchange risk). I only like to leverage during the ATH rallies. Im not as sure as you that we will see months of sideway action, you could argue that the last month or so has been sideways. 0.07% is hardly a lot of fees if the price is trending upwards. Cheaper than a normal loan but yes there is the exchange risk. When I say when the trend is reversed I mean definitely, for sure, not we've gone up $30 in a day(you could even call it what you may consider an ATH rally situation). It all depends how you look at it, I think that this trend is not really reversing until China is actually over and done with either way, I think that once that happens its going to be like a spring that has been compressed for months. Once prices are trending upwards, the swap fee will probably get much higher. I saw it high as 1.5% in November. |
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