4 red candles in a row, light volume, = 1800 coin dump in 4, 3, 2...
China say NO |
|
|
|
That is all speculation on your part that they are buying. There is no proof to that. Volume is very very low, and only seems to go up when people are panic selling. After the panic selling is over the volume is ridiculously low. I watch it a lot on btc-e. Nobody is buying anything substantial.
The price tends to creep up higher on low volume only. But when it does this, it is a matter of time before it falls right back down for a new low.
Bitcoin got too ahead of itself and priced in major world expansion. This is all falling apart now and yet the price still remains high. It is unsustainable at the present time. You still have a lot of people holding, there is still a lot of optimism and delusion. I don't know how long that will continue. The selling pressure should increase with time as it is obvious that a rally is not going to happen.
!!! it goes up when people panic sell? !!! get your theories straight!! I have evidence that large investors are buying; -Risto is buying -while the ban is genuine, coins are leaving the chinese exchanges causing a huge arbitrage in prices - yet the markets have all rallied since the confirmation. the buying pressure is fighting the full force of the ban. that is immense pressure. The volume is low because there are no panic sellers left to sell in this price range. the coins are under-valued. They all know there are offshore investors injecting fiat into bitcoin right now, and they are moving their coins to other exchanges - but the price tolerates the selling pressure an is rallying. There is blood in the streets, and the big invesors are buying. |
|
|
|
Yeah I guess that's the best way to put it. Smart money is not going to be buying right now. They buy in before any media attention, there has been plenty of media attention actually much more than I could have ever imagined.
Think about what you are saying here, The media attention has been negative. that means they sold before the media attention. now they are buying before the next round of good media attention. What are you talking about? Smart money buys in before the media attention, then they sell at the peak of the media attention or the top of the bubble, way before all the negative media attention that you see now. That is why there is negative media attention and the price has been falling because the smart money cashed out a long time ago and are not buying anymore. I do not understand how you completely turned around what I wrote. , no insiders bought before the China ban news came out! but they did buy at the bottom! The news has NOT been positive! Large investors buy when there is blood in the streets, they are buying now. |
|
|
|
|
I hope to create an honest positioning ratio sample.
This information could help us all determine vulnerable areas in the market.
|
|
|
|
Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen from again until the Polaroids of him being peed on by Gitmo guards surface? interesting. Q#1. where are the bitcoins Mark? Q#2. can you give us a bulk price? |
|
|
|
Let's beat that 500$ before I go to bed  No dont go to bed! you will miss the surprise confirmation of the official chinese ban confirmation! |
|
|
|
OP, sounds like you recently unload a large sum of bitcoin, do you understand that you were able to do that because you are dead wrong?
congarufuckinglation.
 nicely said |
|
|
|
Yeah I guess that's the best way to put it. Smart money is not going to be buying right now. They buy in before any media attention, there has been plenty of media attention actually much more than I could have ever imagined.
Think about what you are saying here, The media attention has been negative. that means they sold before the media attention. now they are buying before the next round of good media attention. |
|
|
|
|
Do you think Warren Buffet is going to tweet his status as he bank wires all his cash into BTCe to buy one billion dollars worth of bitcoin?
No, first he will have you believe that he doesn't want it, then he will buy all the bitcoins he can get his hands on at the very peak of disaster (NOW!) because people will just give them to him! no market moving necessary!
PS. I am using the example of Warren Buffet metaphorically.
where will the fiat come from? have you forgotten?
wall street, ebay, pay pal, hedge funds, US junk credit, Banks, and billions of dollars worth of speculators with their fingers on the trigger ready to front run all of them!
|
|
|
|
Finally some volume on stamp!
china leading..... theme is risk on! |
|
|
|
I am arguing that a huge market for using Bitcoin in retail transactions is those who cannot get or use a credit card. This is in many cases an entirely different group of people from those who choose to invest or speculate in Bitcoin.
yes, I agree, this is one of the key purposes for this technology, but sadly such a small portion of what it is used for today. |
|
|
|
How many times does it need to be confirmed before the bears realise that the panic is over, and now the buying pressure has overcome all the pathetic selling forces that are left. Bitcoins are undervalued.
I scanned through this thread pretty well not reading any posts until I found someone with a track record of balanced and analytical posts. I found just you. I would like to inform you however that the panic is not over, and Bitcoin is not undervalued. I believe that the market is due another leg up where it will retest the long term descending right angled triangle, and for this reason, I am currently long Bitcoin. But looking further ahead, than the next few days, the news around about Bitcoin right now is horrible, and whilst I understand that MSM hype or negativity is the ultimate in contrarian indicators, there is also this issue of masses of stolen, Chinese, and newly mined coins that are looking to cash out. Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like. It was only a few months ago when we were all so excited about wall street, rumours of Paypal, ebay etc, and even some banks toying with the idea of entering the bitcoin market. these forces outweigh 100:1 any catastrophe bitcoin has ever faced. Dont forget them, because they are only just around the corner, billions of dollars can stream in within days. Im sure you are aware that the largest of investors require catastrophe to enter the market. how could an investor inject a billion dollars into this market without driving the price to oblivion? no, this is the opportune moment the smart money has been waiting for. the panic is over, but where is the fundamental drive? not to be seen. it could come in 2 weeks. we will see, though the chinese certainly do have the whit to prepare, in fact, I think they have. but right now, the theme is risk on. we have now 2 weeks ahead of us to squeeze shorts and think carefully about those rash decisions the panic sellers have made. ps. thanks for your kind words. and all due respect. you have a good track record also. |
|
|
|
I do NOT mind flash crashes, but hovering and lingering in the $480 range for too long causes me to begin to believe that it is going to take a while for BTC prices to return to ATH... and maybe, just maybe we will NOT see another ATH this calendar year. A lot of us were banking on another BTC ATH this calendar year.. but maybe that new ATH will be put off until 2015? If I were a betting man, I would need to be given fairly decent odds before I would take the new ATH in 2014 bet.
It's playing out just as the last bubbles. we have been here before, in this pit of doom and gloom 5 times. Bitcoin cannot stay idle for years, it will rocket or fall. The fundamentals have not changed, I think you will see your ATH this year and some. |
|
|
|
WTF?!!! Is there something I'm not getting about this MACD stuff?
rule of thumb, if a computer can do it, you will lose your money. |
|
|
|
Resistance around 480? Seems that we are a bit stagnating again in the last few hours.
I dont see how the rally through the 500s could follow through without some base in the 400s. 450-600 isn't gonna happen in a day. similar to last time, the base formed in the 520s. |
|
|
|
huge dump on stamp
huge being 100 in half hour? being 500+ in 5 minutes lol aaaaaaannnddd it's gone. |
|
|
|
This is entertaining; back from 450$ in the 500s territory, who knows where it is heading now?
Some are waiting for a huge bull market but could it start so early?
aye, it could start effortlessly, like a hot knife through butter. This is a text book reversal. the market heard terrible news, confirming all their fears, and the price spikes down, failing to make new lows on western exchanges. Then, it proceeds to rally sharply without explanation. the market is 100% prepared for this, the panic sellers are spent. I think you will be amazed how easily it will cut through resistance into 600 soon. long from 452. |
|
|
|
|
Show Posts
