looks like V ain't working out and my 1.5btc will be margin called   Depends where is your margin call. Might bounce around soon. But after that I expect it to go further down, not immediately but soon. This doesn't look bullish to me:  |
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How about this? This could be pretty bearish if we break 417 down again:  |
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That's OK, nobody wins it each time, it's just that your words about Oda's daily signal that doesn't make any sense.
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are you sure? good sources do not confirm it!  Bitcoin is not banned but it can't be used to pay for stuff, that's the reason why Baidu dropped it. Unless they changed that too at some time. |
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Maybe most people don't understand, but oda.krell's indicator turning green now is actually bearish medium term.
It means that the market hasn't yet left wave C, and THE bottom wasn't 275$, but is still to come.
I didn't yet work on new guesstimates, but IMO it seems wave C will only end in February 2015 below 200$.
That's some serious bullshit honestly. I don't know what kind of signal Oda made but if daily MA based signal is turned green than it's nonsense to say that is midterm bearish. |
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Not on Tradingview charts yet.
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It's dull and not at all sexy but this spike may have much more to with Single's Day in Mainland China and a sense that with 'dark' use of Bitcoin being curtailed it stands a better chance of moving into the mainstream.
Bare (or bear) in mind that Single's Day is the second largest e-commerce day (after Black Friday) on the globe and a growing proportion of online trade in China is performed with BTC - increasingly using just-in-time means that buy the BTC at market rates.
Not sure about that, Bitcoin can't be used to buy things in China, it's banned for that. |
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Oh my God, please make it be historical 3
No. Too early. Too early my ass |
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Oh my God, please make it be historical 3
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On OKCoin my Mcall(Margin Call) price has gone up from $306 to $319 after the price increase(bought at 340). It doesn't make sense why the margin call price would go up, when my margin hasn't changed and I haven't closed out my position yet. Right?
Do they adjust for volatility? Or did they implement new margin requirements? Do they deduct fees over time or after closing out the position? That last one, if they take fees every hour or every day, then this would lower your tradeable balance and in turn your raise your liquidation price. No swap on OKC futures. |
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Lol, I don't even read HOLD even when it's written like that. Don't use that word since HODL one.
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ah, those good times |
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Just to post that I managed to get my coins. Not really me but user billybob2014 did it for me, top guy.
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There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
The number of transactions is up, but the total amount of the transactions is not. He didn't say transactions but trading volume and last bottom at 275 had the biggest volume last 6-7 months. |
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There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.
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All these arguments are very fascinating, but I whats the current diagnosis? I feel that it still looks bad but there may be a small bounce and we have now achieved a local minima. Not putting money on it yet.
Nice username mate. We are awful atm I am dreading Tuesday. Am I missing somethng... What's happening on tuesday?  Football, they're Liverpool fans. Dippers  |
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What about this?  |
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There is nothing wrong in being wrong (well escept for our wallets, lol), it's rare to be right each time. I just don't like that EW is often presented like some kind of holy grail by it's fans yet they change their mind and counts 5 times before they hit the trade. Other TA often doesn't have such luxury and gets disregarded pretty fast. EW does have it, guess it's complexity makes it elite. What I noticed is that EW is pretty good in long time predictions, there are several EW analysts that had great longer period calls in Bitcoin. No other analysts were as good as EW ones to predict 300-400 area when we were at $800, several EWers did. Lucif was very, very good even before though he does use more tools then average EWer. But short ones? Not so sure about it. And even the right ones are mostly due to use of fibs, not really waves as in 90% of cases they don't have idea what count it is until it's over but make it due to fibs. You don't need EW to know that OTE area is often rewarded with profit in the future. I even remember when Chessnut started using EW |
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There is nothing wrong of you sharing your thoughts, just do it, there is enough stuff for people to learn from this thread and if they like it, implement in their trades. And stop being so defensive, there is no award for best analyst on the forum |
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This large movement to the downside seems without explanation in EW terms on at least the smaller time scales. Therefore with the bigger picture as it is this is an extremely risky market to have any leveraged position right now from an EW perspective. Follow through to the downside may force initiation of a wave V count in progress.
I will wait until the market conforms to my expectations before I give any further trades.
Good job dude lol EW sucks hard. EW sucks in matter that if you would put 20 EWers in the room, they'd have 20 different waves to show. It doesn't suck for them as they are mostly trained and experienced traders who'll cover themselves after their count is invalidated. It's dangerous for people who are blindly or mostly blindly following their advices and are not experienced enough to run away from the trade fast. To be honest, it's similar for any other trading method but they have that elite feeling of themselves and specially of EW though. |
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