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Huobi is the new Mtgox. We're still not past the point of a centralized high volume exchange with shady operations and manipulation serving as market leader with the rest of the exchanges as slaves.
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I think there was a covert bear mission to jump onto a moving train and detach the engine. Now all the bitcoiners are unknowingly stuck in cars that are just drifting down the track. But they don't know because they're busy with champagne and disco lights.
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People here accuse me of saying 'the end of bitcoin' all the time so I might as well start actually doing it. |
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It could go as high as $1,000,000 , or as low as $0.01
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Most people's logic here is that as soon the price stops trending down, the next stop is ATH, because is that is what has mostly happened in the past.
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Actually this is the one that I'm watching. You shouldn't use linear scale for bitcoin TA.
.....why not use both. the stamp wedge is flat as a pancake on linear scale. A linear wedge is geometrically bound to break inevitably. A triangle is finite. That doesn't mean a reversal is guaranteed by that time. A logarithmic scale, on the other hand, is infinite and allows you to observe exponential decay. |
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Actually this is the one that I'm watching. You shouldn't use linear scale for bitcoin TA.  |
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It will go as high as you believe it will as long as you have faith.  |
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My conspiracy theory is not that someone is trying to pump the market or depress the market but that someone is trying to daytrade the market using alternating pieces of chinese news.
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I wonder why all the alts except LTC (LTC/BTC) are rallying?
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We're all wasting our time here with the btc/usd prices when nmc and ppc had 60% gains today and nearly 200% since the bottom.
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It is amazing to watching on stamp and finex all the 250-500 walls that pop and go away exactly based on what huobi does.
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You can rest assured there will be brand new chinese bear ammo when it comes time to cross back into the bear zone.
Those who think that because they made it to April 15th so now they are off scot free are in for a mean suprise.
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So today we broke above the linear line (which was a mathematically inevitability to occur by July), rising $3 above it for 20 minutes. We then failed to break any logarithmic trendlines or even come close to the ichimoku cloud. This breakout is just like the breakout in March but with half the volume, and the push on stamp was split into two little pushes on two days rather than one big push on one day. However, the chart on Huobi looks almost exactly the same as Huobi's chart in March (which had two pushes). Right now everything just seems exactly the same and I don't see any clear signs of reversal.
Seen as you don't sit in either camp, you are getting it right so often, and your knowlege is superior to almost everyone, I am going to take what you say very seriously from now on. how long have you been trading? I do not claim to be an expert trader or a professional trader. I have been trading crypto for a little over one year. I also traded penny stocks for three years but did horribly. I am now moving into forex and big board stocks with some of my bitcoin profits. Yeah, I'm moving partially to forex too, at least no need to worry about liquidity. But it's long way to go, much easier to trade crypto. The problem I'm going to have with forex is you cannot see volume... |
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So today we broke above the linear line (which was a mathematically inevitability to occur by July), rising $3 above it for 20 minutes. We then failed to break any logarithmic trendlines or even come close to the ichimoku cloud. This breakout is just like the breakout in March but with half the volume, and the push on stamp was split into two little pushes on two days rather than one big push on one day. However, the chart on Huobi looks almost exactly the same as Huobi's chart in March (which had two pushes). Right now everything just seems exactly the same and I don't see any clear signs of reversal.
Seen as you don't sit in either camp, you are getting it right so often, and your knowlege is superior to almost everyone, I am going to take what you say very seriously from now on. how long have you been trading? I do not claim to be an expert trader or a professional trader. I have been trading crypto for a little over one year. I also traded penny stocks for three years but did horribly. I am now moving into forex and big board stocks with some of my bitcoin profits. |
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I don't think there is a plot to pump bitcoin or to depress bitcoin. I think there is a plot to daytrade bitcoin using alternating pieces of chinese news.
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So today we broke above the linear line (which was a mathematically inevitability to occur by July), rising $3 above it for 20 minutes. We then failed to break any logarithmic trendlines or even come close to the ichimoku cloud. This breakout is just like the breakout in March but with half the volume, and the push on stamp was split into two little pushes on two days rather than one big push on one day. However, the chart on Huobi looks almost exactly the same as Huobi's chart in March (which had two pushes). Right now everything just seems exactly the same and I don't see any clear signs of reversal.
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