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Your pic says at this volatility level (bb width) -3 line is safe place to buy and -1 line is best place to sell.
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Yeah, was this really IT? Or more to come ...
What IT? Bottom? During last 2 days - YES. You didn't specified timeframe  It is big mistake - try to catch "true" bottom and sell at "true" top. It is the best way to loose money because you will never do that. And while you try to do that you loose a lot of money. Nobody perfect. I see price went too far down and buy. I see price went too far up and sell. Indicators, oscillators wave theories helps me to feel the strength of wave to define whether it weak or still strong. I act on weak wave. Weak bearish wave - buy, weak bullish wave - sell. |
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I see market sentiment in charts
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I know this is not the thread for such non technical analysis, but how about some selling pressure from banksters et al with load of cash? I mean, they must know we are coming for them, so they may want to try to dry out our hope in bitcoin? Not that the price has impacted the hard bitcoiners, only the late comers that indeed invested @500-700$?
This is pure speculation but i think that the previous big crashes from 260 to 35 or 35 to 2$ did not required a lot of money and could definitely be explained by human psychology, bitcoin being relatively new at that time, but now that it went to +1000$, we surely are even more confident about its potential. Hence, big bagholders are somehow trying to refrain the next bubble momentum in order to somehow buy more time or even accumulate huge bitcoin position? Gold is collapsing, stocks too, just not teh dollar, i just find it sort of weird.. Especially knowing the US economy is just a joke, disconnected from any fundamentals, on the verge of implosing and only sustained by professionnal scammers and manipulators with money printers..
If you want success with trading - never try to figure out other participants mind. You will never know. They just act. Like me and you and all. You better try to figure out what happens with your mind. Learn what is going on with you - not others. |
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Daily macd bullish divergence disappeared  |
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Rebound to 350-390 expected  |
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here should be some rebound at long term -2 deviation  |
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The fact they are major nuclear powers means they'll never fight each other directly. Proxy wars like in Syria and Ukraine yes, but directly - you have to be an idiot to believe in that.
I see some signs of mysterious force pushing this war, which don't scare about mutual nuclear strikes. |
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odds of that happening in your opinion?
High. I don't see any signs that major nuclear countries want to start understand each other. Situation escalating exponentially. |
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interesting times ahead, thank you!
Yeah. End of the world will be interesting. |
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I assume price will not break up bottom BB resistance in two days, so I should say we going down hard. Not really panic I think, but continous downtrend at least until December 2014. With deeps and rips. Volatility returns. Nearest support at around 300-340.  |
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I don't see any direct signs of reversal or bottoming. Only some indirect. Market reaction on paypal warned me about bearish bias. Need one more week to clear.
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I was 50/50 in estimations because of this inverted hammer weekly candle caused by paypal short boom. It usually shows signs of reversal if next candle is bullish. So, if current candle will be bullish - it may be a mid term bottom.  From other side this candle closed below weekly BB -1 deviation. Which was never in history and probably means further accelerated fall. So I still uncertain, I don't perform any action and sit in cash. I think sitting in cash during bearish trend is best way to save money when I stay unsure. None of my signals shows me green light for bullish or bearish action. The bearish action I can only perform - is try to catch falling knife (I don't use leverage) - but I don't see support here. The first support I see is 300-340 level where long term -2 VWAP deviation sits ( as i mentioned few pages ago).  |
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While I almost burried the price, daily macd made a bullish divergence (rsi also) . So I said don't hurry to bury =)  And potentially hidden weekly div (if some weekly reversal occurs here).  So bull/bear is 50/50 for me now. |
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Don't hurry to bury hehe ;-)
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btce traders AFAIK have difficulties with fiat compared to other marketplaces.
So it's fiat capabilities not always meet demand.
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Bah, nobody understands me =) It is so habitually, so I'm bored
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I searched for historical patterns. I thought if price closes above +1 w/bb then it means parabolic rise - 4 examples in history.
And if opposite - it supposed to be a parabolic fall. And no examples in history...
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