Everyone stopped their bots, and the order book is shallow as fuck. That tells ya what the real depth is...
yeah, there was 2100 til 400 10 minutes ago. 1100 now. |
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This looks to me like the $710 whale pattern all over again. If this train leaves without me, fine. I got coins in cold storage.
Same here, no way I'm buying this fantasy news. Hopefully will short at good point. Stopped all my bots too. |
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Price is above 1hr EMA 200 at the moment, first time since 600s.
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You don't do a 2.5k buy order on all exchanges (5k on Huobi) at the same time. Something happened.
I've told you what happened, OKCOin announced they will invest in ATM production. https://www.okcoin.com/t-1008365.htmlHm, so... this bypasses.. the China ban? Or am I misunderstanding? Who the fuck knows anything here? Except that Chinese are doing us at their will. Now my bots will buy at this top just after they sold at bottom. Fuck you CHina. |
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8% in 5 minutes. Only in Bitcoin land  |
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You don't do a 2.5k buy order on all exchanges (5k on Huobi) at the same time. Something happened.
I've told you what happened, OKCOin announced they will invest in ATM production. https://www.okcoin.com/t-1008365.html |
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... The news being?
OKCOin announced they are investing in ATM production or something like that. Damn these Chinese bastards are so good in taking the price wherever they want it. Closed shorts for 200$ profit minutes before just to open another after that and lose all that profit when this rise happened, lol |
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Prive was up at 1400+ on LocalBitcoins at ATH days-
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500 sell wall being eaten on huobi
EDIT: half eaten then pulled
Piss off, I thought we bounced to 500$ |
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What is the historical reliability of predictions on your site without news driven moves?
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If it's not obvious which direction to trade, don't trade. These consolidations are here to give you a break.
That's the problem. It's not obvious, but are you going to sleep in fiat or BTC? I think it's going down, but I don't want to miss the opportunity to lock in my BTC profits. I have enough cash to buy lower if and probably when that happens. AT LEAST one more test of support is very likely, IMHO. It may even go down to $266 support or lower. This is Bitcoin. You're very good at what you do, Tera, but none of us is omniscient. I can't follow your advice on when to sell if I don't have any to trade. TERA is trader, and when trader says to not trade that means stay in fiat in bearish markets, btc in bullish markets. |
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Shit, my shitty bot bought at 430 last night.
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Only problem I see is there is significantly less volume on stamp this time. Stamp did 64K of volume yesterday and with the mtgox bounce, it did 120K of volume. The candles now, however, actually look even more bullish than then, but the volume does not. I don't know what to make of it.
I think the previous plunges burned off a lot of the potential capitulation volume. It was essentially a triple capitulation, once for the initial PBoC announcement, once for gox melodrama, and again for Chinese exchange psychodrama. Each churned less coins than the previous. In aggregate they were substantially greater volume than any previous capitulation, and in value terms, at least an order of magnitude greater. How could there be any more loose fruit on the tree? And in terms of buyer volume, once you have already played in one capitulation event, why play in a repeat at the same numbers? At some point you've got to be at your carry limit. Hands get stronger with each event. We might not see many if any of crashes like yesterday any time soon (though that's brave to say with Chinese playing us as electrical toys) but question is if there is enough money on the market to keep the price up. I'm not sure about that and I'd rather flash crash to 100$ with bounce than to see lack of buying power draining it down for months. We are definitely staying without China new money now and as much as I can't wait for them to fuck off completely, we'll feel that. Even if their volume is mostly fake, and I guess lot of it is, it's still huge market, it has to be felt. |
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It took 10 minutes for those stupid chinese to realize that all conditions for a small rallye were given. I hope they are out soon.
they're rallying just now. |
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I wouldn't care if it was final bottom or not if I traded this with my full power I missed this one definitely, made some 2k$, that's nothing what I could made.  Same here. I made a few K shorting from 430 to 350 into my order net. Then made a measly $500 on a very conservative long trade, which I immediately lost on a failed short that I had to stop loss. Now I've taken a tiny long at 420 but am very hesistant to use my 'full power' until I start to see reversals on the 3D and 1W charts. It's been scary lately with this low volume and unpredictable Chinese actions that I've only been using about 20% of my account to trade. You made lot of money and with China situation it's a time to be more conservative. There will be many more chances to make more. It's exactly same with me. |
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I missed this one definitely, made some 2k$, that's nothing what I could made. Well, I light a candle for you  I had lot of fiat waiting, could have easily made 20k in last 24 hours if I wasn't a pussy. But again, that's how it is now, I decided to protect these gains and I won't risk it easily until I am certain even if I had to buy at 600$. It's lot of money that gives me some security and free time to approach the future period. Plus if it explodes I'll pick my gains in my alts investments so it's not time to be too greedy. |
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I wouldn't care if it was final bottom or not if I traded this with my full power I missed this one definitely, made some 2k$, that's nothing what I could made. And it might be the bottom, I usually never miss the lows though I sell too early on bounce, yesterday I was too scared to go full in first time  |
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Shit, just bought 900 LTC on market by mistake  You will be ok if BTC stays positive, but no guarantee of that - even over this weekend, so I would reduce that exposure fast if I were you  Took 100$ loss 30 seconds later, of course it went up 0.3$ after it. |
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Shit, just bought 900 LTC on market by mistake gimme some:)) sold them immediately for 100$ loss, could make that much if I waited a minute, I'm such sucker sometimes |
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