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Not sure what will happen here.
A decent-sized correction could be in the books.
On the other hand, a quick runup to 1060-1100 after some stalling at this price level wouldn't surprise me either.
I closed my leverage positions, we'll see which way the dice fall.
Longer-term I am still bullish.
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It is at the euro all time high and pound all time high as well. And yuan all time high and rupee all time high.
Just the dollar holding out now!
Not at a yuan ath, that's at 8k. |
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Auch
It is crashing. End of bitcoin. Sell everything. For sure  . No, it's just that leveraged trading makes me feel these stings harder than usual. |
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We have a date with history, gentlemen.
Been a while since you have been around ! You have picked the right time: moving on up ! |
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Sincere question:
Do you believe the mathematics of fibonacci sequences has anything at all to do with the supply/demand bitcoin market intrinsically?
OR: Do you believe that many traders believe that, so the effect will be the same?
OR: something else?
If Fibonacci and TA works, it is because they are able to capture human valuation psychology. Secondary to that, indeed traders might give temporarily give a sort of positive feedback loop when key resistance levels are broken, causing movements to be violent shortly after passing resistance levels. Of course all of this is tempered by traders anticipating these patterns and frontrunning them, so the more mature a market is, the less I would expect these patterns to be relevant. |
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Feels good to be long  |
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check bitcoinaverage.com you can see the whole price history as well as volume keep in mind that the volume is in BTC and not in USD (fiat) , a rough calculation will show that USD volume (or fiat in general) is actually quite high and only Oct-Dec 2013 USD volume is higher than now cool site |
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Suit up !
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$1000 before end of the week?
I think we will get there, this will be a very nice new years party. I dont drink alcohol but when i see $1000 i'll buy/drink a small bottle of Bacardy while watching the charts  Be careful not to wake up with a hangover and okcoin.com open showing a 20x leverage position with all your coins that got liquidated |
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Since we are boasting, check out this call: Xmas correction to 860$ and then rocket goes to moon?
Nice ! |
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Awesome pic |
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Double-TOP detected.
try looking at more than 1 exchange... |
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[edited]
What is going to happen? 3pulling an Adam. 32k by tomorrow !!!  |
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Price action is looking promising boys and girls, I am expecting another jump up...
Because I love boasting... called it |
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On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.
You know what it means when even Tzupy gets bullish . Flipped now on OKCoin too. This could mean a new major leg up, or that we are close to the top of the current leg up and a sizable correction will follow soon. Now that's more like the bear I know. Not like Ted E., the traitor of his kind who is only a bear in name . |
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On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.
You know what it means when even Tzupy gets bullish . |
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where's tera these days?
He was posting a while back, so he is still in the game. Price action is looking promising boys and girls, I am expecting another jump up... Tera, Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times. Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea. In any case the only sensible thing to do is hold. Maybe sell a small portion (permanently) if you think you need the money. You can't really trade because the exchanges suck and have low volume and it's so hard to predict a move or re-entry point, and your gain is unlikely to exceed taxes.
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where's tera these days?
He was posting a while back, so he is still in the game. Price action is looking promising boys and girls, I am expecting another jump up... |
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