for days now i come to look at the chart and its as if the chart never changes always looks the exact same
It's extremely flat. It's really weird. And buying pressure/volume has completely fallen off the map. Weird for a supposed bull market where the Average Joes are just going crazy buying left and right, because supposed bull market. Amiiiright?? You guyz promised $32K by next year? Guyz??? (It couldn't possibly be just a lone whale fucking around in this completely dead market, or could it? Guyz???) |
|
|
|
Anyone remember September 2013? Are we there yet? Come on guys - I need a little more panic to fill my orders.  Oh yeah, sure sure. Bull trolls have been saying we're in the "Sept 2013 phase" for like 12 months now.  |
|
|
|
|
Gee, what a fucking shock. But as I predicted.
I love the experience that comes with learning this silly market. And at the price I sold, with each $10/btc drop I gain $3000 in my stash.
Still winning Adam.
Btw: this is all foreplay leading up to the 3d cross to the downside. 😉
|
|
|
|
Expect more of this on the way back down to 230. |
|
|
|
|
Epic short squeeze. Lone whale is still in control.
|
|
|
|
This bull pennant just looks soooo bullish that it couldn't *possibly* break in the down direction, right guys?
I mean, it wouldn't instead dump over the weekend?
Right? Guyz??
you're going to sell all your coins at 390 Right? Get it to 390 and I will. But you and I know it won't. give it 2 weeks Nope, complete bullshit. You wanna put your money where your mouth is, Mr. "it won't drop another $25" when it was at 380? |
|
|
|
This bull pennant just looks soooo bullish that it couldn't *possibly* break in the down direction, right guys?
I mean, it wouldn't instead dump over the weekend?
Right? Guyz??
you're going to sell all your coins at 390 Right? Get it to 390 and I will. But you and I know it won't even get there, not even 375. It's all a farce. |
|
|
|
|
This bull pennant just looks soooo bullish that it couldn't *possibly* break in the down direction, right guys?
I mean, it wouldn't instead dump over the weekend?
Right? Guyz??
|
|
|
|
|
Bull market?
Yeah well let's break up above 375 and then above 400 (all on massively rising volume) before we even start talking about a bull market. This would have to happen within the next 2 weeks to confirm.
I have a feeling we'll be seeing it head the other way. Just sayin'.
|
|
|
|
Longs margin interest has surpassing short interest, which took a nose dive last couple days.
Less short sellers to be squeezed upward.
As a contrarian indicator, this is not good for further upside since the market usually goes opposite of what traders think.
Yup, these margin shifts are exactly what the whale looks for to make big moves. Also, beware rising price on falling volume. This whole thing will take 6-8 weeks to play out fully, maybe longer. Only day traders love all the silly little interim swings, and most end up making very little if anything anyway. |
|
|
|
Looking very likely we're headed back to the 370-380 range to stabilize and begin a slow steady ascent again.  Awesome. We get anywhere near 400, I'm selling the remainder of my bitcoins. Because it won't. |
|
|
|
I don't think the 315 wall will hold
Damn Adam, now I don't know what to think  Sure it will. It was created by the dumper. All walls, support or resistance, are created by the same whale. Edit: PAGE 14000 BITCHES |
|
|
|
This is ridiculous lately, the volatility just shows how far away we are from any type of mainstream adoption, trust or legitimacy.
Imagine if you bought in at 500 thinking 'this is it'.
It's just a good thing many of us have been around long enough to shrug our shoulders & wait for the next crazy price swing. The events of the last week or two will do nothing to encourage 'average joe' to invest in bitcoin though.
Shit, I'm still waiting for a legitimate LARGE online retailer to be able to seamlessly spend BTC on things. The last major retailer adoption announcement was Expedia, all the way back in mid 2014. That was a fk'ing lifetime ago. IT'S BEEN 18 MONTHS PEOPLE. Where are the Amazons, the Targets, the BestBuys, the Walmarts, the Walgreens, the PayPals? (and no, Overstock and Rakuten don't really count to me). Hell if PayPal and Starbucks would just seamlessly integrate BTC as a payment option, and I mean *native* integration, the whole fk'ing Bitcoin world would be happier than a pig in shit. But no, oh no, all major retailer adoption announcements HAD to cease in 2014. This pisses me off. |
|
|
|
If you notice, it coordinated perfectly with U.S. stock market bull run in 2013. So keep your eye on the U.S. stock market. Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run. And 2016 is an election year. So maybe next year is the year, who knows.
on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money. Totally agree. Also, we've never seen what happens to btc during a true financial crash, since it was born after one. It could crash just like a stock, dunno. People like to rush to fiat during financial crisis. I hope it would do the opposite. |
|
|
|
Doubtful that we'll get any quick run up any time soon.
I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished. At the same time market is flooded with many new coins - so, really don't expect epic rises. Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit. Since everyone has seen before that those at the top of these price run ups are the ones that make the money it becomes a race to be the one who sells at the top. Thus making each run up get shorter and shorter until there are none. Which is ok over time for a serious currency. The other thing is that this small group of whales was hoping that their pumping would attract other, larger whale players to join in. That's exactly what happened in 2013. Which is the reason rallies in 2013 went so high, and then high volatility (coordinated trading) during the bear market. And why the bear market took sooo long to deflate in 2014. Well for whatever reason, that didn't happen this time. So this small group of whales failed to attract other bigger whales. Also, all buying pressure and volume completely ended on Nov 4th, the day before the USM auction. That was a BIG giveaway that this run up was simply engineered around that event. They also failed to attract Average Joe, who has become skeptical and completely apathetic to bitcoin price run ups. I do believe, however, that we will eventually see another Bitcoin event year like 2013. If you notice, it coordinated perfectly with a U.S. stock market bull run in 2013. So keep your eye on the U.S. stock market. Btw, statistics say that during election years, the U.S. stock market has around ~86% chance of having a bull run instead of a bear run. And 2016 is an election year. So maybe next year is the year, who knows. |
|
|
|
I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait.
Have you chosen a building to jump off if we don't get back in the $230-250 range? Have you chosen a building to jump off of if the price doesn't get back up to your buy-in point? Lol |
|
|
|
Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game. Cause no takers, he's not making any money. So no bounce.  Will be much more fun to margin call the leveraged longs on the way down. Easy Money! Cheers Torque! Yep, and I also knew it would bounce off the "fake" support at 300. Btw, hmmm 300, well that's 1. Oddly a perfectly psychological round number, isn't it? Interesting. 2. Wait 300... it's a perfect U.S. dollar number. But, but, but...I thought everyone said that the Chinese were in controlz of the market?!?!? Guyz?  Just wait long enough, here's what the market will do. It will drift back down and level out dangerously close to 300 (the fake support), finally break through when the fake walls are pulled, then back up to $299.9999999 (head fake) and pegged there for days/week, then of course the selloff will continue down. Then you will finally see some very odd margin calls. Happens every time, just like clockwork. I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait. |
|
|
|
Why is this such a shock to you guys? Like I said, this whole pump was the work of probably one or a few whales.
Party's over, so he dumps. Not a shock.
he pumps it to 500 and then support price till 355 and then dumps seems legit. VERY LEGIT |
|
|
|
|
Why is this such a shock to you guys? Like I said, this whole pump was the work of probably one or a few whales.
Party's over, so he dumps. Not a shock.
|
|
|
|
So, turns out there goes the $10 bounce I was looking for. $30 dollars below what I bought in at. Today I learned I'm not that good a trader, who would have known!? $330 is holding at the moment, We've making history here. I'm glad to be part of a more active market.
 It sucks being the guy in the back. Not really, that's her X-Men stunt trainer that makes a shit ton of money. Plus he has a great view. |
|
|
|
|
Show Posts
