What do you do if the dumpers merrily dump straight through your (small) bid, and keep dumping down to hellish levels before you get a chance to react? Is that a chance you have to take when trying to catch a falling knife? I was tempted to buy yesterday but I couldn't work out when the dumps would stop.
This wasn't a falling knife, so it was relatively safe to catch. Something close to a falling knife may happen on Saturday, so tomorrow I may open a short. If that short won't confirm, I'll have to close it at a small loss, so today I tried to make a small profit to balance that future potential small loss.
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What if I Don't
Get to buy back all my bitcoins Don't worry Adam, you'll get your cheap bitcoins and then you'll have to go on vacation for many months, because... The market was unable to push further, and now a head and shoulders pattern will emerge. On a personal note, I had lost hope last night and closed my long (from 354$), so I didn't get any profit from the meager pump to 370$. And now the dumpers missed my (small) bid by 4 cents... Let's hope they'll have another run.
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China is asleep and doesn't follow yet. Time to wake up comrades, and panic buy... At last, China is waking up. I hope Adam won't get his cheap coins...
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China is asleep and doesn't follow yet. Time to wake up comrades, and panic buy...
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If I were trading I'd be screaming "BULL TRAP" right now.
Well, I hope not yet... I jumped on this pump at 354$ and hope to close my long above 370$.
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I am confused. Does anyone know whats going on with the price.
HELLO! i know where price is going at all times what would you like to know? OK Adam, let's try this: what will happen 3 - 4 hours from now, a dump or a pump? I have a small long since 354$ and am leaning towards a pump, in which case I'll max the long and close it tomorrow, hopefully around 400$. In case of a dump I'll close the small long to avoid losses, but I won't short (yet, need a clearer picture).
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Come one dumpers, you can do it... one more effort... you only hit my bid at 355$, how about the lower ones?
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Damn, missed this shorting opportunity... I woke up and it looked like there is time, so I went to the bathroom, came back minutes later and saw the fresh red dildo.
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Heavier than expected resistance at this level, especially at OKCoin.
PS. closed my long seconds before it broke down...
broke down? didnīt you get the memo? price will touch 390 today. I must have gotten the other memo, that said 390$ may have to wait...
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... something like this happens quite often if it is a aip submarine attacking. there are a lot of nato exercises where such things happened and also the us navy leased a aip submarine from norway to exactly train against it. so far it seems that the us navy has a lot of trouble against aip submarines.
The US Navy leased a Gotland class submarine from Sweden, for 2 years, then built a full size simulator of it and did the lightweight torpedo Mk54 BUG update.
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maybe i should paging tarmi and tzupy... tell them not to short atm. but well, maybe they can fuel the next bullrun to 500 usd EDIT : 5000 usd
Funny... But I don't plan to short yet, maybe about 4 - 5 days from now, if this really runs out of steam.
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Heavier than expected resistance at this level, especially at OKCoin.
PS. closed my long seconds before it broke down...
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China has been lagging, but now seems to breakout too.
do you still see this topping out at 400 tzupy? Maybe even 420$. But that depends on how this will unfold during the next two days. If the flow of fiat into Chinese exchanges, reflected in the bid sum, will continue, it could reach 500$ again or higher.
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China has been lagging, but now seems to breakout too.
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Looks like pump time to me...
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... Good call, though was that chart actual when you posted it? Wasn't the price already higher at the time of your post?
No he didn't cheat, price was relatively flat for about 12h after chessnut's post.
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Bears? I think we could see a correction down to 335$ here. Just to recharge... Order books are thin. Not yet... FOMO is strong in the market... I'm sorry I didn't max my long yesterday...
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I'm surprised the FSB agents posting here didn't get the new memo... It's time to slow the bellicose rhetoric, because it's not helpful. This time Turkey bullied Russia, who was used to be the bully... so unexpected... Putin knows that escalating this can only damage Russian interests in Syria, he needs Turkey to let him keep Assad in power. So he got the message from the turks - stop bombing the ethnic turks in Syria, or risk getting shot down if you cross even a tiny patch of Turkey. The area where this incident happened is far from daesh territory, there isn't even al-nusra close to that area.
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^^^^^^^ Well, the pump started, but it takes a huge amount of volume in China to push up. IMO this could reach 400$, but without new CNY entering the exchanges, it's bound to crash from there. So far I'm long, but not max leveraged, I am waiting for the next correction, probably tomorrow morning.
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After comparing the current corrective waves with those of July, I came to the conclusion that they take about twice as long. On the 24th July there was a pump that reached about 300$ before crashing, but the current indicators look bearisher that those of 10 - 23 July. So IMO if within 2 - 3 days there will be no strong pump that breaks up from the large triangle, then we'll crash hard.
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