I'm sure China will find another reason to tickle us up and down in ways we don't particularly enjoy. I'm not sure what they have in store next though.
there are only two things china could be trying to do here, destroy bitcoin, or accumulate bitcoin. ..... if they wanted to destroy it, easy. BAN IT. you know what will happen. pop. every second they waste not banning it suggests they genuinely dont want to. ..... if they wanted to accumulate it, they cant bash it forever. the amount of panic selling they have caused is enough, and now the punch line, "no it's not banned - we cant ban it, we wont ban it" |
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What has driven this entire downtrend? Gox? No. China? No.
Lack of money coming into exhanges with money leaving exchanges? Yes.
Unless this changes, the price is going lower. Its pretty damn simple.
actually, it was china.... panic selling came after closure of third party deposits like clockwork for each exchange.... .... and now, it's not banned! price rallies! |
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I think 270 is pretty hopeful tbh. what could possibly drive that?
 but this is what is driving the price up? china is not going to ban bitcoin. rejoice! they are bitcoin friendly, and the chinese may buy bitcoins using cash, if not exchanges which seem pretty stubborn. |
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This is such a weak recovery.
I set my first short at 478 and it hasn't even hit that one yet. I think I may pull the ones above 510, because it doesn't even seem like remotely possible that this rally gets above that. Unless there is some unexpected volume coming in that I don't know about.
I agree with TERA that there just is not enough money on the order books to keep this market afloat at these levels.
I was really hoping I could short all the way up to 525. I hope we can get at least one more leg up. At least a push to 500.
Come on men. Lets get out those train and moon pics! Now is the time.
well then I guess you should short a whole bunch right now  good luck  Why would I short a whole lot right now? I have already set my orders. I just doubt that they will all fill. Or even most of them. If this consolidation doesn't break upward in the next few days, I might reassess and short lower. I know you think we will be at 700 by sometime next week. But I am looking more at 270 at the intermediate term projection. well If you think it's going to 270 and your orders wont fill..... logic says nows a good time to short. no I am a bit more modest than 700 next week. but we are close to testing 510, you better bear that in mind I think 270 is pretty hopeful tbh. what could possibly drive that? |
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This is such a weak recovery.
I set my first short at 478 and it hasn't even hit that one yet. I think I may pull the ones above 510, because it doesn't even seem like remotely possible that this rally gets above that. Unless there is some unexpected volume coming in that I don't know about.
I agree with TERA that there just is not enough money on the order books to keep this market afloat at these levels.
I was really hoping I could short all the way up to 525. I hope we can get at least one more leg up. At least a push to 500.
Come on men. Lets get out those train and moon pics! Now is the time.
well then I guess you should short a whole bunch right now good luck |
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 lots of support above 438. we will likely see a break upwards from the wedge and test 500. critical. lets see what happens. |
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  so seems like we might see a five wave rally top off here. if it bounces off the wedge line, then an overall wave C interpretation is likely, and the rally would be postponed. If we pass through the wedge, then I am still looking for a wave iii interpretation. |
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I haven't seen any large bulls for a while. market's taking a breather.
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OK. just need to break 499 now before we are out of the wedge! then 510 is last major resistance, and maybe we will see the real short squeeze!
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LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100 = 10%
b) In 2014, price will visit below 200 = 20%
c) In 2014, price will visit below 300 = 30%
d) In 2014, price will visit below 400 = 100%
e) In 2014, price will visit above 500 =100%
f) In 2014, price will visit above 750 = 100%
g) In 2014, price will visit above 1000 = 80%
h) In 2014, price will visit above 1250 =75%
i) In 2014, price will visit above 2000 = 70%
j) In 2014, price will visit above 3000 = 65%
k) In 2014, price will visit above 4000 = 60%
l) In 2014, price will visit above 5000 = 55%
m) In 2014, price will visit above 7000 = 50%
n) In 2014, price will visit above 10000 = 25%
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
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Some easy money are probably to be made in ltc/btc now, its lagging behind again, i expect a sudden jump to 0.027+ soon
Last time you were right but you were talking about LTC/USD right? |
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Anyone know if it's possible to change from 'no' to 'yes' if you missclick and bet on wrong side??
on bitbet.us
I have emailed them but no answer so far
I think they can, I dont think they will. betting sites are strict. |
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Holy fuck.
The idea of clicking a mouse once and trapping all the shorts on the way to $600 (Bitstamp) is getting more and more profitable as the price has risen because of other players. Regards: "The Man Who Owned 25% Of BTC China Bid Orderbook & 10% Of Bitstamp Bid Orderbook During His Elephant Walk In Bitcoin Porcelain Shop" I talked about that plan in here a few days ago, that a few nice buys could trigger a lot of these shorted 10000 BTC stop loss. With such a thin orderbook, it would be stupid not to try if someone has the money for it. My thinking goes about like this: - I am a little too small to do it confidently myself, and don't want to collude b/c it is sort of unethical - There are bigger guys than me - Doing it is no rocket science - It will be done by them - My (and especially your) strategy should be to (1) frontrun, (2) buy low, sell high methodically or (3) hold. I don't believe (4) piggyback works. I am using (2) because I don't need to have market information. (1) is more difficult but of course more profitable. well if you dont want to be too unethical about it, you could also sell the same amount as you bought, under the wedge for example. provide liquidity, and probably make a quick buck. |
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  oh so close. magic number is decreasing swiftly, now @504 to break the wedge. |
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Holy fuck.
The idea of clicking a mouse once and trapping all the shorts on the way to $600 (Bitstamp) is getting more and more profitable as the price has risen because of other players. Regards: "The Man Who Owned 25% Of BTC China Bid Orderbook & 10% Of Bitstamp Bid Orderbook During His Elephant Walk In Bitcoin Porcelain Shop" Always good fun when Risto is around! |
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So in case we get over 500 today then the old trend line is broken, correct?
510 is the magic number. |
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This is a powerful day trading long signal considering that B was a wedge (anticipates a terminal move) and the price has turned around after being rejected in the territory of a larger wedge. What is a possible alternative count that does NOT go on to break 440? Posted this on the EW forum today. wonder if nanobrain or creekbore noticed |
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I could imagine a nice spike to 500-540$. That would be awesome.
I like the new fonzie better than the old fonzie. lets hope the new fonzie is just as accurate as the old fonzie |
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yee haa!! let them long and short with leverage!! let them paper short 21 million bitcoins while the others go long 21 million bitcoins, and see what happens.
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Ohhhhh Huobi likes Bitcoin! woah!! heads up! 2800 nom nom nom! |
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