So everytime you read good news you sell your coins. Is that correct? You gotta understand that TERA is infallible...even when he's wrong he just keeps on making predictions and spewing homilies. Now I know how much you like people who keep making predictions like that, shroomsy...lol The question was.. [why would someone sell if there is good news], and I have an answer why someone might do that - a common investor/trader saying. Meanwhile...  |
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So everytime you read good news you sell your coins. Is that correct? No it had nothing to do with myself. |
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sigh.. I can't handle sideways...
I'm starting to feel uneasy.
Something's cooking up.
I on the other hand think it's amazing to see bitcoin so stable at the current levels. It might drop some because we are in a bearish market, but if this goes at all like the april crash then we are moving sideways for a while on a very nice level. And that gives me an underlying bullish feeling allthough I'm a bit bearish short term. Trying to compare this to april has been a futile effort and led me to many bad trades. There has been no similarities at all. I did, however, find many similarities to 2011.  |
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There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.
true, are the bids distributed in the same way? I see bitstamp is at bid ATH too. Yes because a $40M bid certainly isn't enough to support a price of $920. In April the bid was over $20M. |
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Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.
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There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.
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arent triangles less reliable if we go all the way to the end?
Well it's actually still a few hours away from the apex and closer to the bottom now. But it's in the middle of all the EMAs. |
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There's a kung fu fight in China at the apex of a triangle.
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A candle is forming.
That tends to happen on candlestick charts. I was going for most accurate speculation. Omg the trades are being made. |
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I don't know why you guys follow gox - its just bots that follow BTChina.
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Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.
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Many downtrends start slow and then arc down. Right now were still clinging on to a couple support levels on the chart.
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All the bull talk is getting old - every 2% increase its "back to the moon" and then it drops again.
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I too have noticed an unusual amount of sentiment of bulls against short-term bears and traders on this forum. We are insulted, hated, and called called ignorant each time we post, always because buying and holding is apparently the winning strategy and trading is supposedly futile. No... last time I checked before I sold my position the other day, I had 75 times more bitcoins than I had when I first entered this market! I think bulls are just frustrated or in denial and assume that because they don't have the skill to trade successfully, that it must be impossible and nobody else can.have it either. Either that or what they really feel is that we are being greedy and evil, this isnt fair and that nobody deserves to have more gains than them than what btc already provides by itself and that we should all be in the same train rocket boat together. In any case their arguments are always biased or flawed and overly emotional.
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Chinas supporting trend broken.Next step: daily EMA down cross. Victory for bears.
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Will we reach $12 / mbtc?
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