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You should hold off on the champagne until Huobi breaks 3200
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Short squeeze most likely. Weird to feel squeezed up to $550 when Huobi is still sub $500. Keep in mind btce went to $102 in February also. |
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i gonna miss all the china fud and bearish sentiments  but maybe this is just a big trap, we will see  You can probably count on unexpected chinese news to continue happening. It will always be a feature of the market as long as China remains. |
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So whats the official trendline break target? I thought it was around ~$480-$490?
Linear $515. Logarithmic $580. |
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It's very difficult to remain rational when the price is moving significantly. Those who can do this will be the most profitable traders.
... yes you should short, it seems the rational thing to do right now ... put it all on red and go short please. This is not selling time, or buying time. It is do nothing time. You are still long I believe. Correct. I even added at one point today. |
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It's very difficult to remain rational when the price is moving significantly. Those who can do this will be the most profitable traders.
... yes you should short, it seems the rational thing to do right now ... put it all on red and go short please. This is not selling time, or buying time. It is do nothing time. |
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It's very difficult to remain rational when the price is moving significantly. Those who can do this will be the most profitable traders.
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My question is what good news has come out of China?
That they haven't completely closed down operations? Is that the good news?
I mean, how easy is it for the normal Chinese investor, much less mom or pop, to get money into a bitcoin exchange in China? Not easy.
Right now these markets are like 98% day traders just following each other around in circles. There is no fresh fiat coming in anywhere (and by "no" I mean no substantial bull market fiat).
I wouldn't be suprised if Huobi's bank account was closed and nobody noticed because everything there is fake anyway. |
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We all know why there is a rally right now. It doesn't take a train scientist to figure it out.
Enlighten us, TERA, our Prophet! 4/15 |
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We all know why there is a rally right now. It doesn't take a train scientist to figure it out.
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to pop some bubbles: 3320ish on huobi is the breakout point and would prove the breakout of bearish trend started last year - and thats quite a way to go
To this and similar thinking I would say: The large traders are not following these technical patterns, they are creating them. This thread was started as Wall Observer - previously there were large single orders which formed "walls" in the depth chart. But they have always been erected by the market manipulators, because they are the only ones with that many coins (then BTC10- BTC20k, now even BTC2k is considered a wall). From my experience I can tell that wall building can fake selling pressure, and force the price down by 15% followed by buyback. At least it did in May, 2013. If I had 35,000 bitcoins, I could manipulate the market all I wanted, and make money doing so. Hint: it is only 0.3% of world's bitcoins and there are several people who have it, and who most probably operate in the markets. Please do not consider that Bitcoin market is more free market than any market in the "free market" countries. They are all ruthlessly manipulated to achieve various aims, and the way for you to make a small annual gain in the number of your bitcoins (which actually increases your % of world's bitcoins, because of the low inflation) is to hold, sell high, and buy back low, and not fall on the trap that the "technicals" can forecast anything, because they are fabricated. And be content what you get, and not short. +1 This works until the day when bitcoin finally fails or stops achieving new highs. |
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If China stops here, it will look exactly like the chinese chart last time in march. The only difference with this rally is that stamp has followed huobi's second leg and stamp did not follow it last time.
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Doom can't be planned. It visits by suprise.
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Id say its allready to late. Yesterday @ 400 was a good entrypoint. Price was a long time ~400 and even lower.
I just wonder where we will end up this time. 600? 700?
2000!  2000 would be a bearish next ATH |
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I haven't 'gone bull'. I said the order book looked bullish, and I sensed some type of up move coming. I haven't made any new conclusions about the mid term trend yet though.
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 Order book has gone bull again. As long as it keeps increasing by 1M USD per day I cannot be bearish. |
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I'm actually not 100% sure that bears are out of the woods yet.
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Expect an unexpected candle.
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