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Not a good idea, Litecoin has been getting raped, and thats one of the most successful alt coins. alt coins are just a gamble.
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dat volume
yeah I think this selling is getting absorbed pretty smartly. |
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There is no guarantee it will go back up again.
You missed the news: when the descending triangle breaks the third ascending Elliot Wave confirming the exponential trend line corresponding to Mynott's adoption curve then all the institutional money (which has been placed off the exchanges in 'dark orders' with illuminati miners) will enter the market guaranteeing the price to climb to USD$100K. Or something like that. no, no, wrong creekbore. see me after class. |
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You have a reputation to maintain?
Im sorry, was that a comeback? never mind. |
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and creekbore, we all notice you dont post your trades. scared?
you can stop being 'lazy cynical and insolent now'.
and seriously, look back into the trades Ive posted. Ive made only winning trades in the last 3 days. NOT A SINGLE LOSER.
Well, you're contradicting yourself now (yesterday you told me you'd made at least one loss). But why come on here and brag about your trades? It makes little sense other than reveal vanity and insecurity (is it really that important that a bunch of strangers need to think highly of you?). I doubt anyone notices that I don't post my trades (I suggest most people would care less)...but if you want to post a running commentary on your personal financial exploits, why get so touchy if someone questions the veracity of your claims. oh one loser im sorry, have I failed in life? this is a speculation discussion forum, we come here to articulate ourselves and discuss. numers and positions are highly relevant. and you are just a troll, you sit in the corner until you find someone you think you could size up to. and maybe that lasts you a day of contention, being an insolent lazy cynical asshole. go find the post where I told you that so everyone will believe you and love you. at least that will keep your mouth shut for another week, cos it doesnt exist you lunatic. |
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Well, there's the contradiction above plus the dick-waving you were doing yesterday about your EW chart. You do claim to be 'right' a lot of the time...which makes a fool like me highly suspicious  If you've been around so long you'll remember (name redacted to avoid embarrassment) 'Reversal' thread (which has been deleted it seems)....that was full of very confident, highly intellectualised posts, lots of fancy graphs with lines and buckets. It was pretty much wrong at every turn, yet every time people would (with great agility) change their position and carry one posting new, concrete PoVs. And if you think I'm giving you a hard time you should have seen the stick they got. Me, all I know is that I know little. enough of your stupid riddles. all you know is little, agreed. no contradictions up there, the break out stalled and the chart is still valid fool. this morning I sold at 495 and bought at 483. it's easy to try bring down peoples reputations when you haven't got one isnt it? |
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Excuse me for interrupting the pecker measuring contest but could someone do me a favour and just sanity check something for me.
How many coins are for sale on Huobi right now?
 I wish I could help you there. but I just dont want to. |
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and creekbore, we all notice you dont post your trades. scared?
you can stop being 'lazy cynical and insolent now'.
and seriously, look back into the trades Ive posted. Ive made only winning trades in the last 3 days. NOT A SINGLE LOSER.
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resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
Hey, Chessnut! Sorry mate...I'm not stalking you honest (but you do make a number of claims re your trading/intellectual prowess)...you seem to change your opinion very quickly (14 hours ago you were bragging about your EW mastery and posted a chart that claimed we were heading back to 540. I see that worked out. Since then I've been catching up and see Quote from: chessnut on 29-03-2014, 08:43:57
...and still hodling long from 475 12 hours later Quote from: chessnut on Today at 08:18:09
im a day trader and it's been days since I opened long.
not to mention that i made a healthy profit. Everyone's allowed to change their mind but its kind of shameless the way you state each changing position as being 'correct' while never acknowledging the fact you get things wrong regularly. creekbore, changing your position and changing your mind is a different thing. I saw there was a risk of a break out so I closed my long. It did break out, but it was false and it lost momentum. so I resumed long at a lower price, because I have'nt changed my mind. my quick thinking has served m well today, and I am not ashamed by the least. I have been around a long time creekbore, thats not because im a loser trader. I am a very agile day trader and a long term holder aswell. and wtf do you mean I get things wrong regularly? thats total BS. i bought at 560 and sold at 555. what else you got on me? |
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it's a fake breakout, especially at this time of day/week, it's lost momentum.
resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180. In philosophy we call that a slippery slope argument. it is inconsistent with the laws of demand. there are whales that intercept the price at robust levels because it saves them the torment of accumulating large sums over a long time. |
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it's a fake breakout, especially at this time of day/week, it's lost momentum.
resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
You're my idol  Yeah, I wouldn't be surprised if we would see a mini rally on SUnday. Whatever it would happen with China on Monday, mini rally on Sunday is what you would expect to happen in bitcoin land. you have no idea how much that means to me seleme  but remember this morning I didnt change my mind, I only saw that the risk was not worth holding long. now the spread has revealed its self, I can dip my feet in again. |
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it's a fake breakout, especially at this time of day/week, it's lost momentum.
resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
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I lol so hard when I can drop the price by $3 on BFX with a market order of .001 BTC.
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AnomyMint, Please dont accuse me of bias Im very aware that TA is just risk management  And unlike seleme would have you believe I have my eyes peeled on much larger orders of the market, although I find it lucrative to be fine tuned by entries and exits. |
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dont wanna get too comfy in the 400s
but then again, im out. I will never object to cheap coins.
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Huobi (!)
what the f is going on with the f-ing chinese? starting to get pissed with btc dont forget the game plan - in janurary we were expecting 5k btc in July or before december. why should that have changed? this is just a flash. |
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any rumours about rumours? lol
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And for a weather update look outside your window.
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 breakdown. triangles have a tendency to breakout into larger triangles, forming a fractal pattern of self-similar nested triangles. proper breakouts need to be accompanied by large volume to be confirmed. be patient test positive of upper wedge - no such evidence for the lower part. if this does break into a larger fractal, the wedge should resume in the direction it came - down. Im taking profit of longs.  |
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