If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
Thats why i just took some fiat profit. It will be harder to push up more after such a wild rally! It just seems like the psychology of "up" is meeting the disparity of "lots O Sells". If no big guys come we can't go much further up and even if they do how much room do we have? what if those "big guys" never left and invited their HNW friends to come play? but perhaps that's old news to you. Just to add a few key transits at this time: Uranus in Aries Square Sun in Capricorn (1 degree) - Shocking events to our practical everyday life at this time. An impulsive time and individually tested with how BTC functions, especially "at work" . You may want to act individually but would be better to remain calm and assertive. Use this time to further cultivate gifts. (My paraphrasing/mixing and I'd say this could be a rather challenging time for BTC but again, a good time to build a strong foundation.) Jupiter is 1 degree from the 12th house (in Cancer) - This starts a dangerous time imo but also a time of spiritual renewal, as stated a few posts above: Jupiter transits your twelfth house, benefiting activities that take place "behind the scenes" or otherwise privately. This is a cycle in which you become more compassionate, empathetic, and sensitive. Jupiter in the twelfth house is said to offer one spiritual protection. It's a cycle in which you can rid yourself of self-destructive tendencies, deep-seated fears, and deeply-ingrained tendencies towards guilty feelings, acting much like a guardian angel. You are more able to get in touch with your subconscious mind. Charity, giving anonymously, contributing to altruistic endeavors, volunteering, and helping others without expectation of reward will be most fulfilling during this cycle. Work that involves serving others may begin now and bring you much joy. Your dreaming world may be rich, lighter, helpful, and more intuitive. Meditation and retreats may be particularly beneficial to you now, acting to regenerate and invigorate you. You may pick up metaphysical studies, dream interpretation, or research during this cycle. Some people enter into a private romance during this cycle. In general, help seems to be there when you need it. You are building your faith now. This is a time of spiritual renewal. I'd say BTC is building a foundation to move forward. A good time to lay low and stay out of the governments crosshairs. I don't expect much to happen this Summer, but again to take off later in the year. But anything, like good news, can change that.IAS Coming up in a little more than a week, Mars transits 12th house and opposes itself, oh my... I heard about the Angel thing but didn't look into it. Thanks, I'll read the article. The astrology part has been really interesting and mostly spot on for a few months now. And summer isn't over yet.  |
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If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
Thats why i just took some fiat profit. It will be harder to push up more after such a wild rally! It just seems like the psychology of "up" is meeting the disparity of "lots O Sells". If no big guys come we can't go much further up and even if they do how much room do we have? what if those "big guys" never left and invited their HNW friends to come play?  |
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If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
Thats why i just took some fiat profit. It will be harder to push up more after such a wild rally! It was like that all the way from 66. Was it really that much of a disparity? I don't remember seeing that. One thing is for sure, when and if we start going down, it will be quite violent if those buyers dump their position. Anyone else think they are using a Prism like system here to know what to do?  |
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If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
Thats why i just took some fiat profit. It will be harder to push up more after such a wild rally! It just seems like the psychology of "up" is meeting the disparity of "lots O Sells". If no big guys come we can't go much further up and even if they do how much room do we have? |
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If no walls get pulled - 10,000 BTC gets us up to 107 ish, or down to 86. What a disparity...
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Is it really a crash if it is driven by a few big players dumping?
Anyway, the market is always the same -- in both directions -- the whales set the pace, and the fish try to profit.
I see your point but BTC is different (really, hear me out). Most of the big holders mined their coins imo. The others bought in at really really low rates and are just holding lots that they paid next to nothing for. On the flip side of things, someone buying $1,000,000 worth of coins is a really different case scenario than the dumping (though the values are comparable). I can't imagine early adopters trying to bring the price back down though and if they already didn't sell, why do so now? I'm mixed up, or is that down?  |
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50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall <scratch head thoughtfully>
Ah ... I got an idea ... the bloke that pushed us up from the $70's to here
Just a thought ...
I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head. But is it really a "rally" if driven by 1 or two buyers putting down $1,000,000 for each huge leg up? Seems like we are just along for the ride, really. |
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Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level. Up or Down? I really say down, but can feel the psychological push up. http://i42.tinypic.com/2j2ymad.pngso why down, IAS? As I posted yesterday (and a few others have mentioned), we have made lower highs and lower lows since April 24th or so. (Very clear in the chart) If we break out above 110 or so then that trend is reversed. Also, we are still in the downward channel - I posted that chart yesterday. But, this all means nothing if a buyer comes in with lots of money. Ahhhh the pain... |
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Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level. Up or Down? I really say down, but can feel the psychological push up.  |
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If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
What does break 105 for good mean in bitcoin world where breaking a key resistance usually triggers a wave of buys that there is no time for price to settle? Good point but if there is anything any of us have learned is that there are a few players who can change this on a dime. When those $1,000,000 orders come through we are just along for the ride. The only certain thing I've noticed recently is that who ever is doing the large buying were using the technical indicators to their advantage. My feeling and observation is that we are still in a down trend and that this is a HUGE bounce up, a bit like that "you are here" chart above. But anything can change. I feel like we should post less as our posts have made us "violated" by the large buyers at this point it's probably cheaper to push the price up than it is to push it down, and i'm not referring to ask/bid depth (which moves) but directing the flow of the market psychology. I think I can almost completely agree with that. The one thing is that we are probably really overbought now and also sitting just under the other psychological barrier ($100). As we say, between a rock and hard place... (at least that is a bit how it feels) |
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If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
What does break 105 for good mean in bitcoin world where breaking a key resistance usually triggers a wave of buys that there is no time for price to settle? Good point but if there is anything any of us have learned is that there are a few players who can change this on a dime. When those $1,000,000 orders come through we are just along for the ride. The only certain thing I've noticed recently is that who ever is doing the large buying were using the technical indicators to their advantage. My feeling and observation is that we are still in a down trend and that this is a HUGE bounce up, a bit like that "you are here" chart above. But anything can change. I feel like we should post less as our posts have made us "violated" by the large buyers |
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[1]The problem, as stated before, with TA and BTC is that it is a small market and easily affected/manipulated by a few cats with lots of money.
A learning lesson for all of us, is to be careful how much we let the posts here affect us all. We (including me) have no one to blame but ourselves. Don't direct emotional upset outwards, it all comes back to you.
[2]I even have a paid service and a part of the reason I didn't get back in at 68 was because of them "yelling" 50 is close. I just won't renew... You can "do" the same...
1. Then it was obvious TA shouldn't have been given as heavy of a consideration as many gave it. 2. try cypherdoc instead  his perspective which is different than waveaddicts might be what we all need here (long term vision!!!). I swear the average forum user here has the attention span of a gnat Regarding TA, actually it is the opposite. I called the 4 bounces coming down and just didn't enter as I was worried about a big seller coming. Had I just went with the TA and been conservative, I would have raised my fiat by 50%. If I had been aggressive and just followed the charts I would have easily doubled my position, really. Ouch. And today I was told to watch out for a break above 92 102, I did watch, it broke and I bought. Sold back out for a small loss.  So is it but eventually I'll be back in and mostly for good. |
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haha why didn't i rebuy at 65.5
Why.
I still havent bought in. QQ
Because a mod and a few other clowns told you we would hit 30 guaranteed? I think we are all influenced to an extent by what others say. The main influence though, was the charts. I didn't think the bounce, if I can even call it that now, would be so strong. I'm still above where I sold at but barely so. And to think I called the last 4 big bounces, though the one at 68 hurts the most. Now we sit at a very critical level, moreso than 90 and things are looking a bit bullish. We break through this 100 level and anything is possible (but I'd still say we are in a mid term downtrend.) Long term bull like most of the guys here. Go BTC (just not yet please) The price had crashed significantly (>40%) without any fundamental shift. THEN the whole forum starts shouting about how we are going lower and "we have not seen capitulation yet". They even started posting charts of where we "should be", where we "must go", and where they would buy in. OK, the trend may be your friend.... but really? First, as I ended my post with, I love BTC. But, fundamentals? We don't really have any yet. We are like an internet company pre-internet or just at the start. BTC at this point is speculation, with some light coming through. Things may really take off, and that is what we are betting on, but fundamentals now? We are just scraping the surface. Get back to me when you can figure out our PE ratio. Seriously. Your argument is based on emotion, and nothing wrong with that except emotion is not concerned with truth, it is concerned with just being right and that comes through in your post. To say things like "trend" is just simplifying the argument. And again, many of us here, us long term bulls, are still above our exit point (if we exited). That may not hold true, but you can't exactly argue with the calls made thus far. The problem, as stated before, with TA and BTC is that it is a small market and easily affected/manipulated by a few cats with lots of money. A learning lesson for all of us, is to be careful how much we let the posts here affect us all. We (including me) have no one to blame but ourselves. Don't direct emotional upset outwards, it all comes back to you. I even have a paid service and a part of the reason I didn't get back in at 68 was because of them "yelling" 50 is close. I just won't renew... You can "do" the same... |
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haha why didn't i rebuy at 65.5
Why.
I still havent bought in. QQ
Because a mod and a few other clowns told you we would hit 30 guaranteed? I think we are all influenced to an extent by what others say. The main influence though, was the charts. I didn't think the bounce, if I can even call it that now, would be so strong. I'm still above where I sold at but barely so. And to think I called the last 4 big bounces, though the one at 68 hurts the most. Now we sit at a very critical level, moreso than 90 and things are looking a bit bullish. We break through this 100 level and anything is possible (but I'd still say we are in a mid term downtrend.) Long term bull like most of the guys here. Go BTC (just not yet please) |
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week ago someone would kill to dump 16k down to 80$.
They are watching the technical indicators (if you haven't noticed). Give it some time... |
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I think this is fairly valid. The top line is easy to form and quite obvious. To create the channel I tried to be a bit fair. If we break out of the channel (Just below 100 by eying it) then I might enter, but lets see how this plays out. The bottom of the channel, I'm guessing (eying) is around 55 ish. (Next bounce level if we move down?) ps - Thanks Loozik! Great site, actually was playing with it before (love the comments) and didn't notice the drawing tools.   |
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I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle).  How did you create that triangle? The only points touching the triangle are the first two points, one above and one below??? If I had some drawing tools I'd do it, but you have to go farther back. Also, you can see the range if you draw a lower and upper channel. |
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Yes... not very a big deal is it?  I really appreciate when others do this. It makes it more readable for everyone. I really missed this feature and I'm happy to know about it now. Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.Can you explain this more fully? I don't exactly understand the "wrapping" part... |
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I'd say the $97 - $100 area is key. If we can rally above that then we have broken the lower high downtrend. But as of now and as long as we stay below around the $100 area (technically our last lower high was around $110) we are still in a downtrend.  My money is on downtrend. Taking profit for now, as even if $95-100 is broken in this epic bull trap, I would expect a pullback. I was hoping to see the bearest of bears join us to complete the trap, but alas. (Blitz, why didn't you join us?) Great discovery = [IMG width=200] (Notice the image is smaller guys) I love how it saves space but doesn't lose the point as you can still remember the original post. Others follow the lead. You have to manually do this though? |
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IAS: I think it was you who responded to the bitcoin.de and Fidor Bank deal. It's even better. This is first direct banking cooperation in the European Bitcoin sector (or worldwide?) and not only in Germany. Just imagine.. a full blown Bitcoin exchange, backed up by Germany's bank standard. Fast conversation between EUR and BTC, no more waiting time to deposit or withdrawal. The ultimate dream would be a debit card which can be refilled with Bitcoin.. but let's see, how things turn out. Yes, it was me. Do you know when people can start using the bank? I haven't seen that anywhere. I imagine this will affect Bitstamp (depending on the interface) as the banking system, as bad as it is, is pretty sound in Germany and I think many people using Bitstamp, have the Slovanian bank they use in the back of their minds. |
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