....... Ill admit.... 555 is a very fair price.

I think we hit a bottom.

+++++111111111111


it does feel like capitulation....... and more exciting.... there is a technical entry! we have terminated a wedge, wedges are terminal movement. a fifth wave follows a wedge usually, and that hits a price extreme.

I wish I could show yo a graph for all exchanges but Im not sure how to post pictures here.

+1

and 3400 in china

yup, but which bank is going to quietly facilitate the transfer of 10 billion dollars to BTCe or Bitstamp, that is subject to hacking and scandal.

I trust these exchanges myself, but they are not legitimate enough for institutional money.

a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.

I challenge this for two reasons;

- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.

- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!

the night is young. anything could happen, but I think being at lows, we are not near the lows.

.......and there has been little volume yet. this is just petty bidding.

Beautiful primary wave, all fractals visible on huobi. third wave to follow swiftly through 3400 in the coming hour or so.

TIGHTEN YOUR SEATBELTS!

lol sorry Armis, I thought that was a funny question. I didnt realise you were talking about Huobi transaction fees. of coarse you know about BTC transactions 

yeah I heard Huobi was going free too, but they will use the spread to make money.

yeah I dont see how any call could be accurate right now. the supply of bitcoins to the market is uncertain enough, as well as supply of fiat.

but Putin is still accumulating his own stash of Bitcoins. he wouldnt want to give the game away 

perhaps we had support in the 500s....... but it's spent, or weakened.

wow this call was almost as accurate as cosmoflys call.

cosmofly is certainly not alone being a top financial forecast expert on this forum. he is certainly highly regarded by even the best.

I gave up my long this afternoon and shorted at 575.  the rally has had it's chance, and it never came.

this evening the magic number for me is 3400 on huobi. this level broken means any price within reason is exposed, and I would say we will have a good chance of a spike into the 400s.

This level is the shelf formed yesterday after the PBOC announcement. if it can move effortlessly through that point, the market will free-fall.

If bitstamp can break 556 It would have similar meaning but china is calling the shots.

target open but finger on the trigger. I will take profit asap after any large move. the down fall is exponential, so it will end quickly and sharply.  with any high volume I would consider a scalp long.

WE ARE WAITING FOR YOU TO SELL NOOB

how can the liquidity be so darn dry?? its embarrassing!! I guess it's a good sign that we are still in early days though. but its just creepy how dry the market is.

yeah wasnt exact cosmo but it sure came about.

why bollocks? we are talking about a bunch of speculators here, and some coins that are only worth what the next guy will pay.

why will bitcoin reach $10,000? herd mentality. why? because it will still be speculator driven by $10,000.

Bears are out to play on Huboi, the rally has had its chance, and failed. if ya cant beat em, join em. The magic number now is 3400. breaking that level could let the cat out of the bag. who knows how far we could go.

I know right..... just my luck. had to buy back at 575, and im watching it like a hawk.

Thanks again cosmofly you are a PRO trader!