We are repeatedly having a hard time going lower than 260.
Hold onto your hats fellers!
It doesn't seem like they are trying to hard. I wouldn't even call these dumps..more like farts Yeah last night I closed my $277 short at around $254 but expecting it go down a bit more, I just cant sleep short. However the volume on the dumps viewed on the 15 min chart has been decreasing since the coinbase announcement. As seen here;  Not quite basis enough to long but enough to make me not even consider shorting till the market makes its move. |
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I don't believe $250 was the bottom. It's just too easy. It's gotta flatten out before going back up. The FPR needs more shorts to squeeze. I think the low will come this weekend.
Our jobs as decentral bankers is to reduce volatility, not to pump. Day trading is not an easy money get rich quick kind of thing. We simply supply liquidity when it's needed and remove liquidity when it isn't.
Shorting or waiting it out? |
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Dumps seem to be getting weaker
Yep but so are the mini bounces. = sideways. |
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How many of you are currently short?
Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.
Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.
Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them. |
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. What, you mean you closed your short after convincing me to re-open some around $277  You should be thanking me. Someone was prolly waiting for me to cover before dumping.  Yup, should have trusted yourself. Called it bang on. |
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A fair few longs being liquidated on 796 futures. Another sleepless night coming up I think.
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. What, you mean you closed your short after convincing me to re-open some around $277 Your are in good shape then Time will tell, I dont hold them too long, but I dont see this shooting off into the stratosphere in the nest 24 hours. Too many people bought the pump and are waiting to sell. |
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. What, you mean you closed your short after convincing me to re-open some around $277 |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
Everyone expecting to go down so instead we're going up now. I hope my decision to go long at 268 was the right move. If its leveraged I'd close it. If its just buying with fiat then meh, probably wont loose much even if it retests the previous low. |
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That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...
Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading. Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money. How low will it go? Anyone besides me have any fiat powder left? Gonna agree with you here, the last two moves up have been declining in volume (since the main post news dump) and this rise is looking liek its going to be on even less volume. Will be interesting as China still seems to want to trickle up atm. |
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This new layout sucks. Please get back to the old one. And decide on 1 exchange to post not 23492093, thanks. I disagree. I like seeing multiple US$ exchanges at a glance without the need for scrolling. The immediate inclusion of Coinbase was spot on. Good job Richy. +1 whats the issue with having more than one. Just look at the one you want. |
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from $260 to $265? that dead cat didn't bounce too far. Nine hours before the Panda bears come out to play.
Whats your buy price? |
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What are the trolls going to do with their lives if we ever get to 5-10k per coin?
Dont worry, there will be a new stream of them of that you can be certain. |
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The Winkles still maintain that they haven't sold a single satoshi.
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When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits  nope, it started from lower double digits, so nope the bubble didn't burst. Thats crazy though, we're two years down the line in terms of new users, media attention, big investors and infrastructure. If thats the line your going with then surely we should be back to 0 as thats where it started. |
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When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits |
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Coinbase on CNBC, apparently they have 2 million customers.
MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active. We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we? Impossible to know of course. Im just relaying what was said to someone who asked, jheeze... |
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mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?
What makes you think he has any money to buy back at all? You must be new here, he cleaned up with litecoin last November... You mean 2013 I hope... Indeed, damn these years are going fast now days  |
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mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?
What makes you think he has any money to buy back at all? You must be new here, he cleaned up with litecoin last November... Not saying you are, but there are so many people in here with 1 coin just cheer leading and ignoring the people who have been around crypto for more than a year unlike most the trolls here. |
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I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
+1 Exactly my thoughts mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in? |
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