look like we might see 350 on monday
Maybe 360, but later on in the day 370 by sunset, definitely.  and that paves the way to 400  |
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look like we might see 350 on monday
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ya.. so 350 in the next 26 hours  When volume is weak like this... why bid things up? What's the rush? We were comfortable at $220 not that long ago, $320 is a hard pill to swallow without substantial changes in the atmosphere. We need resolution from the 200k gox dagger above our heads... then comes max_block_size increases and the halvening, everybody's just buying/selling discount or premium tickets to that, at the moment. Edit: "Fine, bid things up then." I'm not sure about whether as of yesterday I would have agreed that we had reach "low volume," because we need to look over a larger time-frame than merely a few hours of performance and the past several days have had volumes (on stamp) of well over 20k per day... which is very respectable. Now, the current daily candle is adding up to a really low number. (maybe far lower than 10k, which certainly meets a definition of "low" on a daily scale).. and I wonder if we are going to experience a few low days like this, or if there are some big players waiting in the wings to continue the BTC price battle. If trade volume stays down like this for several days, then possibly the BTC market would be content with a mid $320s floating point? I still tend to conclude that if BTC trade volume has truly gone down then traders are relatively happy with the current price point. Accordingly, we have to wait a few days to verify whether interest in trading has really and truly subsided. I predict that it's more likely than not that we are going to witness additional battling over the price and BTC price surges (of 8% or more up or down) on or before black friday.... maybe 70% yes and 30% no.... Any thoughts? @ Adam: maybe a new poll is in order, no? low volume? its the weekend... |
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not sure why anyone would have anything less then like 5%. in BTC and why not some ETH and GGGcoin LOl |
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ya.. so 350 in the next 26 hours When volume is weak like this... why bid things up? What's the rush? We were comfortable at $220 not that long ago, $320 is a hard pill to swallow without substantial changes in the atmosphere. We need resolution from the 200k gox dagger above our heads... then comes max_block_size increases and the halvening, everybody's just buying/selling discount or premium tickets to that, at the moment. max_block_size is a none issue. its getting solved one way or an other... halvening is very bullish 320 360 328 389 319 310! wtv whats the dif. bull market for 1 year and i wouldn't be surprised to be in the 1000's ... |
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ya.. so 350 in the next 26 hours |
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Test of $310 incoming
Lots of support in China dunno we saw what they could do leading us up to 500 if we test 310 again it might just hold...  |
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319 . oh look someone is "killing" bitcoin  Is bitcoin price supposed to do that? Are we still rallying in a rally? yes. yes. Maybe there is a short-term question about whether the price is going to test $310 again or even go down to test $300...? It appears to be heading up at the moment, on fairly decent volume levels---- but we see no major dumps recently, like 500 BTC or 1k dumps. We cannot expect any answer from a whale, so speculate..... In the next 8 hours, I give it about a 65% chance to go up to $329 and about a 25% chance to go down to $314... my guess is we won't hit >315 without another really good piece of fud most likely bearish news to come next would be EU's plan to "ban bitcoin" in some form or another. but i think the meeting is over and they we're very vague as to their plan of action. http://www.trust.org/item/20151120152558-mdmbwI think we're likely to see then arrest/fine a few high rolling localbitcoin traders operating without any AML/KYC. not much more... Sometimes I wonder a little bit how the bear whales do it ... I mean dump coins and test whether there is an ability to move the price down because I am sure that they dump and dump and dump, and pretty soon, the dump gives, and viola, down we go... getting a 1 to 5% drop in price can be very valuable, and maybe not so difficult to achieve if the coins are dumped strategically and maybe can get some others to follow so the one whale doesn't have to do all the work (not that I buy into any one whale theories, even though sometimes one whale could possibly get the ball rolling). if you have >100KBTC this is easy, just start grabbing as much liquidity as you can at wtv price range and pretty soon the market will drop, i guess best way is to start of slow, and when you unload enough slowly start dumping until market can't hold that price anymore... even in a bull market with >100KBTC its not very hard. but who has 100,000coin??? and even if you did have 100K, will you actually get to sell 50K at 500 no way! you won't get to sell 10K BTC to many poeple selling, same problem trying to buy back XX,000BTC... Selling to buy back lower is risky business but for 2 years now this trick has paid off easily, no more, its bull market now, we're going to be in the 300's for a while, at one point we'll head up 500+ at which point bears will probably back off and we'll be at 800 in no time. everyone always imagines there 1 invisible hand manipulating the market, but i don't buy it, bitcoin is kind of a big deal, there must be 100's of Big BTC and USD whales and 100's of thousands of traders, and another 100's of thousands of newbie / jr. bitcoienrs. adding up to ~1mill poeple. when this market moves its because 100,000's of people said "sell" that week, not because 1 guy sold shitloads of bitcoin. now who has said sell this week and doesn't meant it? |
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319 . oh look someone is "killing" bitcoin Is bitcoin price supposed to do that? Are we still rallying in a rally? yes. yes. Maybe there is a short-term question about whether the price is going to test $310 again or even go down to test $300...? It appears to be heading up at the moment, on fairly decent volume levels---- but we see no major dumps recently, like 500 BTC or 1k dumps. We cannot expect any answer from a whale, so speculate..... In the next 8 hours, I give it about a 65% chance to go up to $329 and about a 25% chance to go down to $314... my guess is we won't hit >315 without another really good piece of fud most likely bearish news to come next would be EU's plan to "ban bitcoin" in some form or another. but i think the meeting is over and they we're very vague as to their plan of action. http://www.trust.org/item/20151120152558-mdmbwI think we're likely to see then arrest/fine a few high rolling localbitcoin traders operating without any AML/KYC. not much more... |
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319 . oh look someone is "killing" bitcoin Is bitcoin price supposed to do that? Are we still rallying in a rally? yes. yes. |
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319 . oh look someone is "killing" bitcoin |
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if we were to go below 300 we would of done so already, come on we had makeacake type fud on mainstream news and we hit 310...
at the first sign of a stable 320 we move up.
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