|
A rally just from an ATH of $1250 to $2000? That would be the shortest rally bitcoin has ever had and would be seen as quite bearish by the speculators.
|
|
|
|
I keep hearing "Green Shoots" and "microcosmic" trends. If you want to talk about TA you may want to have a look at babypips, they have a great school for analysis http://www.babypips.com/school. I'd recommend you have a look. Also I'd recommend zooming out on your charts. 1 minute charts are too narrow. Zoom out, 15m minimum, 1 hour, 4 hour and daily. This. Assuming there even is more volume on the upside (it's unclear), you would have to wait for an actual price movement anyways to confirm. If the volume isn't significant enough to move price, it isn't significant enough to be a reliable indicator. That makes this analysis very very close to pointless. More significant than you think in the market today, with the positive sentiment and the record level of hodling going on. If the market is going sideways - I mean really straight - then the minute level can give you a clue as to sentiment in this way, even if the price doesn't move. The reason it doesn't move is because there is a sell wall. The small buys are nibbling that wall. But there are still more buys than sells. That's market sentiment. Thinking on this level is going to become more useful as time goes on because there are going to be increasing numbers of small buyers - minnows - and together they will be a force to be reckoned with. A couple of weeks back the market was going sideways. People were looking to the direction of the break but if I remember correctly no-one called it clearly - everyone saying it was too close to call. But I saw a significant majority of these small buys on the Gox minute scale, eating at a large wall. It looked quite clear that it was only a matter of time before this pressure had an effect. After a couple of hours the wall was gone and when the price started moving up, people piled in. A couple weeks ago all the indicators on the daily chart were still up and there was still a clear trendline intact which led to a triangle breakout. |
|
|
|
Green shots are back today..
Can you explain? I see what appears to be the record lowest volume day since October. |
|
|
|
|
The worst case scenario for BTC is always $0 - catastrophic failure, and anyone who believes otherwise is somewhat detached from reality within their euphoria.
|
|
|
|
Just for the record, is it still hodling if you trade and end up with more bitcoins in the end or are those people traitors?
It is called gambling. Not the same as hodl. If you increase your btc 1,000% by trading, and sell the 900% profit, but are still holding the original position, is that hodling? |
|
|
|
|
Reasons for being a trader:
1) I have 100x more coins than when I started.
2) I'm too lazy to list more reasons.
|
|
|
|
Meanwhile...  |
|
|
|
I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.
So adoption will stop soon? Should i sell now or wait a few days? No adoption doesn't stop but having a PR on the wire every day might. |
|
|
|
|
I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.
|
|
|
|
|
I'm terrified about my current position which is more fiat than btc. I can't imagine shrotling.
|
|
|
|
I sold 25% of my coins today to get my initial investment back. Why do I not feel good? >.<
You sodled your self. I did the same thing and bought back an order of magnitude higher. Now you will know when to hodl  Over 4 decades of experience and only 2 regrets both happened at the same time one being selling Bitcoin. Being able to predict the future, based on the past, is only going to last so long, until one day it doesn't. |
|
|
|
The whole huobi thing still doesnt feel good.
It would be nice if we actually know what is going on in china. All these unknows factors..
There's also the chance that it isn't really a bustling exchange of wealthy chinese investors but rather a group of chinese american bitcoiners and whales using the 0-fee platform to perform manipulation. They may have even launched the platform themselves. Who knows. Huobi is so mysterious - we know so little about it and its owners and it just came out of nowhere. |
|
|
|
|
ok who lit up a choochoo?
|
|
|
|
Inside the mind of a bull:  |
|
|
|
|
1 hour, 4 hour, and 6 hour EMAs all crossed down. Daily MACD down. Daily PSAR down. Trendline broken.
|
|
|
|
|
Show Posts
