These relentless dumps  There must be more up.. there has to be! $500 before $200. |
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Bid support on Stamp looks solid. 2000 BTC to 380$ 5000 BTC to 370$ Huobi 14000 BTC to 2300CNY lol Conclusion: Breakout imminent!  LEVERAGED LONGS! (Do not recommend buying >$500) |
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Status:  We are going up.. but we will come back down. |
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The huobi wall moved up slightly?
It's slanted now. Like 50 200 btc walls instead of 1 10k. It's probably, on average, a few cny higher than before. Meanwhile, ask walls continue pilung up on okcoin |
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I might have to make some adjustments to my price projections... LOL
5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake
Orderbooks just got massacred.
[SUMS ABOVE, NOT INDIVIDUAL ORDERS]
Bid wall on Huobi was fake? How do you know? It was never touched. It was pulled as the price neared it. This is called "being fake". That was the test. Also, I dont think you understand China markets have waves of high volume and low volume. -1hr to about another +2hr are almost always very high volume. -6 to -1 are not very high volume. Hence, "CHINA WAKES UP SOON" posts. |
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lmao that weekend dump was right on time. still 11pm here  |
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I might have to make some adjustments to my price projections... LOL
5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake
Orderbooks just got massacred.
[SUMS ABOVE, NOT INDIVIDUAL ORDERS]
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Whoa.. is Huobi really gonna test that wall? Someones got a hard on for selling.
EDIT: OH, shit, its led by a megadump on bitfenix. Wat the fuq -- 3 seperate 1k market sells?! (and other sells totally over 5k in just 5 mins)
EDIT2: Bidwall on Huobi pulled.
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Yeah there was a 520 volume spike so 480 sounds reasonable. Didnt see it myself.
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Dat hashrate stability tho?
huh? The hashrate.. it isnt going up anymore. Also, here is future guaranteed with 0% certainty. Recommended trade on these curves 100%.  |
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Dat hashrate stability tho?
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Nice buy wall there holy cow biggest I have seen in a while.
It seems to have accomplished its purpose over the 9-10 hours it's been there. The price has risen from 2300 to around 2400. Yeah I was sleeping and then gone to work just got home. Nice to see. Lets hope its not a fake one ... even if it is, letting such build up above it so we can get a higher base finally. it's fake. But it's still a good time to buy |
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consolidation imo
great to short here
Good luck with that  I'm not saying we're gonna go down but we're not gonna go up either the coming 2-3 days We probably gonna visit 370-375 pretty soon. Btw, I still think it's a great buying opportunity here How can one say to short, but also to buy |
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consolidation imo
great to short here
That's risky IMO. Short $450 |
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A 38k single entity sell -> many entities is very bad for price. In a traditional sense, capitulation is small fish selling to each other and then panic buying their own coins back when any sign of reversal pops up. That doesn't happen when a whale dumps.
The chart looks the same, but the actions are not. People are buying since it looks like a reversal, but isn't.
Now I understand what you're getting at. Makes sense, you could certainly interpret it that way, however: 1) We had 1 day of 60k and the next with 70k daily BTC volume on Bitstamp. 30k is less than 25% of 130k, so even if you go by your argument, it is valid. 2) After the 30k ask popped up @300, people did panic sell down to 275. 3) For a context, it also has to be considered that we had a downtrend with relatively bearish sentiment prior to the culmination of Oct 5. It's a very odd situation all around. I don't doubt this is a short term reversal, but I expect new lows within 6mo. Unlike a reversal at, say, $50 in April where the selling pressure was never going to culminate to that level again. (At least, not yet.) Another thing: the market was very oversold at <400. A bounce was certain at some point. I think I had been calling for a bounce since $400. It never came until $275. So I'm still sticking to >450, then rollercoaster, then <300. Sometime within 9mo, <200. But if you don't mind mid term trades then this seems like asafe time to buy. |
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Keep posting? I've only posted it once, and I don't intend to do it again.
How did the 30k guy "destroy TA" when his entire asks were bought up, by MULTIPLE ENTITIES (=organic)? It's the complete opposite, he invigorated this market.
You aren't the first to post that sort of chart TA. A 38k single entity sell -> many entities is very bad for price. In a traditional sense, capitulation is small fish selling to each other and then panic buying their own coins back when any sign of reversal pops up. That doesn't happen when a whale dumps. The chart looks the same, but the actions are not. People are buying since it looks like a reversal, but isn't. |
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There's been a lack of actual technical analysis on this forum. There are indeed some technical bullish arguments, the most important of which I listed right as it happened: Volume. I don't post much chart analysis anymore since I stopped using SierraChart, but here it goes:  Keep posting that chart. The 38k single entity sell completely destroys any chance of TA on that day, meaning apparent volume spikes, and apparent reversal, are not real in a traditional sense... Aka are meaningless. |
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Published on January 2, 2014 Poor delusional souls. Take your profits when you can, keep a small chunk on the rare case it goes over $1k again. |
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China dun ate that wall? Hmm... I still dont think <$340 without going >$450 first.
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