Here is a stamp chart  With the lack of new lows in the last push, I think either the iv of 1 is yet incomplete, or the 1 of C is complete and we are in the 2. Either way, there are divergences and a few oversold conditions that need to be neutralized before we can continue down, so a pullback is expected. An A=C situation puts the target near 800. This is more of the case where a full impulse is complete. If we are in a 4, expect lower targets than stated above. As we head into the 5th creating more divergences, we will get the more dramatic pullback. nice one. but 800 is a bit hopeful dont you think? that would be a complete retracement of the latest wave. I think this will play out tomorrow this at time to new lows. However, so far we have had five down days in a row. thats a record. maybe today will close up. |
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only idiots buy falling prices
Contrarian indicator says differently. At some point the trend of price changes and then idiots are profiteers. Epic fail in logic here. its not that simple. a smart trader does not try move the market. you dont buy in a down trend, you buy when it turns. I know thats not easy but its what you gotta do. |
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it hasnt crashed YET, and who said it has?
there is a very real possibility that we revisit 400. lets not speak too soon.
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After silk road closed, the price mini crashed, similar to now, post god
Even if GOX sorts this all out it, BTC withdrawal issue remains, and Gox lost significant goodwill and trust.
One side of the trust equation was lost the withdrawals were basically stopped
The Other side is BTC being stopped.
in a post GOX environment, the prices will surge as that uncertainty is now gone.
Any money that was going to GOX will go to BTC-e and friends
also there are a likely lot less coins than people thought due to Gox.
when the silk road crashed, I think that was a different case altogether. first of all, that was within an up trend, this is a down trend. The silkroad closure was a surprise, a surge now would be because of nervous holders. also, the time and price scale is much different. |
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THER IS NO CRASH  go away. who said it was a crash. |
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we have a triangle for wave four there. it is not necessary to fit this into a five wave pattern as it is apart of a correction. if the triangle is in the form of B wave, then there may be a third wave following that could take us down to 520.
see what happened in december 16-20. we may see that again.
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THERE IS NO CRASH. END OF STORY THERE IS NO CRASH. YET. END OF STORY. |
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Yeah that's right, all you retarded HODLers thought Proudhon was trolling, well he wasn't, and all that confirmed bad newses is coming back to bite y'all in the butt!! How does it feel? How does it feel? $350 coins in a week, sell now and double your BTC, only fools don't take advantage of such an easy trade! Speculate away, bagholders  EDIT $712 at stamp, we'll touch the $600s within 24hours, mark my words. =D $600 won't happen. As I predicted in my fractal analysis the price is now stabilizing around the $700 mark. It will stay around $700 until a massive rise in about 7 months time. SEE: https://bitcointalk.org/index.php?topic=451264.0nah sorry. fractals dont work like that. elliot wave theory looks deep into this. there will be alternation. also, those two waves would have to be part of one larger wave that looks the same..... not gonna happen. |
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sorry guys i sodl in an attempt to hodl more in the future
there is a difference between hodl more and more hodl! |
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Except that daytrading is idiotic: you can't time the market, and if you think otherwise, you've just been lucky thus far.
many traders day trade. the successful ones have a backlog winners that statistically proves their capability to trade smaller swings. They are rare and they get paid a lot by banks. yes you can day trade, but not everyone can day trade. |
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From your past experiencs is it better to day trade or just to hold?
depends which day it is. |
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For my longer term subscribers, a fairly important premium update was just released. Enjoy!
Also, was that last question directed towards me, chessnut? I wasn't quite sure.
no it wasnt directed to you - it was directed to Serge. |
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I don't know what my "oh shit" level would be... lots of low projections on this post for whatever reason.
I would be shocked if the price went under $500 on this dip.
there's no knowing where it's going. - willy wonka yeah there are just so many speculators and not enough commercials. the weight of a speculator crash could certainly bring it down to 350. |
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The massive holders of bitcoin are hopefully working something out w Mark K if there is something foul at gox. If gox dies, almost no one will buy bitcoin going forward. Who would have guessed that a young dude sitting on a blue ball would be the ruin of such a great idea?
Nah, the system is sound. one exchange cant bring it down. the top dogs are planning decentralised exchanges for the future. plus, there is always local bitcoins. |
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We have bigger bubbles to think about.... the US stock market. Fundamentals dont really make a difference when that pops, bitcoin is a great exit.
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volume does not entail anything. maybe it gives an edge, so does trend.
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goes below 150..... oh shit - when they be talkin about binary outcome....
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all in favor changing the name of this thread to matt vs chessnutt +1 let me at him! |
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mat you dim whit, I said a number of times that the price might fall to 500, and unlike you I didnt lose money. Im making money on this cos im not a binary person like you. I can change my mind when the market changes. and at the end of the day the market can only go two ways, so get over yourself you bloody prophet.
What the fk you talking about? I have lost money on individual trades. Over the piece, I am thousands of GBP (the only currency that I care about) in profit. I am such a bad loser, that if I had actually lost money in Bitcoin, I doubt that I would even be here. it's subtle in the way you boast about your winners. we all know you are a loser. you behave really immature matt. full of crap. |
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so your original advice was for me to wait. I am open to suggestions.
See this man here: dont buy now. wait till its nice and flat and hopefully crashed out. we are looking for cerca $450. If it doesnt crash to cerca $450, wait for an up trend to resume.
this will take weeks maybe months.
First 'debate' I had with him, was when Bitcoin was still around $850 (or perhaps even higher). He was bullish back then, yet now, he is looking at buy-in opportunities in $400 - $500 range. Draw your own conclusions. mat you dim whit, I said a number of times that the price might fall to 500, and unlike you I didnt lose money. Im making money on this cos im not a binary person like you. I can change my mind when the market changes. and at the end of the day the market can only go two ways, so get over yourself you bloody prophet. |
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