I think it's hilarious people think we will hit 1k+ prices. No way that's gonna happen without major dumping at 1k, which will undoubtedly lead to the Great Crash.
You think it's going to breakout from 900 to only 1000? When has anything like this every happened in bitcoin? Dont the crashes happen after huge ATH rises? 1000 would only be a 11% rise from 900. I think this 1K selling was already done at 900 - the number "before 1000 because its not going to 1000". At 1000 people are more likely to go nuts buying, because it broke 1000... And maybe 10,000CNY is more significant than $1000 now. |
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The parabolic speculative trendline is diverging from the linear support trendline. Each correction becomes deeper and more violent with more coins, and a longer recovery. I think the next correction will be the crash. It will be a "correction" from some parabolic speculative $1700 (or maybe $2500) back to the supporting trendline which will be at $650, and go down to $500 due to momentum. The magnitude of the correction will make it the crash.
I will have no regrets about selling half my coins in the mid 1000s. 1200% gain is enough.
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A "mountain of asks"? You must not have been here in the spring, or the summer even. At one point gox had 200k asks on it. These are still bubble books.
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It's not "the bubble that doesn't pop". It's "the bubble that isn't over". This is a consolidation before the next leg up.
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All your coinbase are belong to us.
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Trying to sell at the right time can be difficult. I have found it is much easier to just hold my core position and then take large margin positions during the corrections and then sell them once the correction loses steam, adding the profits to my btc.
Until the correction is actually a stop before the huge upswing and you lose all of the deposit. I find margin trading on bitcoin extremely risky / silly. There's no such thing as free money (*) (*) unless you just hold bitcoins then there is. PS as for OP, 100 times less than I was going to but didn't get. I don't quite understand. I'm referring to going long starting at the bottom of the correction - not shorting. The short term bottoms are very obvious when you watch the order books. |
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The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy  Where do you cash out a couple of $M? Don't the exchanges have limits? |
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Fill in the blanks:
From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity. From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________. See for yourself Oh my god. You've cracked the code. Every bitcoin bubble runs precisely 379%. Why didn't I think of that before. Now I know exactly when to sell. Nothing can stop us now! |
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Drawing the handle of a cup and handle (or V and handle...). If you were trading then you should have sold at 890. Now it's a bit risky and difficult to trade.
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 We passed the moon a LONG time ago. |
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Seriously wtf is wrong with this exchange. Its like there is only a buy button and it can only go up. Other exchanges go down $30 and it goes down $1. Then it goes up $20. f you try to trade here you get screwed.
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If you were to combine the order books of all of the major exchanges, you would now get a bid of about 100 million USD.  |
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Wait, to the moon only means 1200?
I am so disappointed.
I think the moon was at $5. Sights are now set at the Oort cloud. |
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Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped. lets make up a new term. call it, V shaped TA trap. What's on the top right... a red-giant star about to go supernova!? Or its a pinota and 200,000 bitcoins fall out. |
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Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped. |
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Yes they're just speculations.
This is bitcoin.
The minute you think you know something, you don't.
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It's 1800 to 500. The 500 is due to huge whale dumpers, stop loss orders, liquidation, panic etc and lasts only very briefly before shooting back up and then stabilizing at $1000.
We haven't even seen a whale dump yet - that was just a correction because it went to 900 too fast.
Remember 100k dumps?
Or china could pull out. There could be bad news. Everyone is holding an enormous profit right now. There are 12 million coins.
Anything is possible.
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Trying to sell at the right time can be difficult. I have found it is much easier to just hold my core position and then take large margin positions during the corrections and then sell them once the correction loses steam, adding the profits to my btc.
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I multipled my btc 2.5X during this rally by daytrading and margin trading. And people say daytrading is no good...
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