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I agree with Ryan's scenarios, my favorite one is going up to ~240$ and starting the crash from there.
Since the rise to 262$ was sort of compressed, the descent was also lower amplitude than I expected.
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Good call, chessnut!
This time the 6h PSAR was misleading, and there was no little bounce before the dump.
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Bearstamp wants to take the lead, BTC-E follows.
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6h PSAR flipped to bullish today on Bitstamp and could very soon flip on Bitfinex too (Chinese exchanges don't show anymore on bitcoincharts).
There is also a weak bullish divergence in multiple MACD time frames, so going up before taking the big plunge is possible.
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A little off-topic I suppose (  ) but does anyone grok why Huobi always seems to have more dirty laundry than OKCoin? I'm not sure what you mean by "dirty laundry", but my opinion on Huobi moves is that they lost market share and their slippage has increased. |
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Good morning, ladies!  1d and 3d MACD divergence turned red, while the MACD themselves are negative, this is going to seriously hurt the bulls. Moving averages diverge all the time, which is all MACD really is, calculating the difference between two lines and turning it into momentum. Seems like a shakeout to me. Volume has been steadily declining as we are nearing the end of the trading range, similar to Dec 2014. The difference then is that we had the Bitstamp hack to bring in sellers to push us lower. If there's enough volume to get below $235, see you there. It's happening... |
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Good morning, ladies! 1d and 3d MACD divergence turned red, while the MACD themselves are negative, this is going to seriously hurt the bulls. |
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I have yet to see the price of a Bitcoin going up organically.  Conclusion : If you are not flash buying, this shitcoin simply doesn't go up (its tendency is to go into abyss). You start to think that Tim Draper, Winkle and Friends are just pumping fiat in this so they won't lose value on their hundreds of thousands of bitcoins.   Yeah  On the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report: In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the “$15.13″ value from the previous trade seems to “stick”; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the “Money” spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime. |
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Yes, but SOON could mean several weeks, in the mean time it's possible to go up a bit. |
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I found this analysis by Timwest good: https://www.tradingview.com/v/z608Kqjz/While I'm 100% fiat, I expect this to break up (may take some time), and I'm ready to jump on a pump. Or to short if it breaks down, whatever... On BFX daily PSAR has flipped to bullish, but not yet on Bitstamp and BTC-E. Chinese exchanges' data are not available anymore on bitcoincharts. |
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I found this analysis by Timwest good: https://www.tradingview.com/v/z608Kqjz/While I'm 100% fiat, I expect this to break up (may take some time), and I'm ready to jump on a pump. Or to short if it breaks down, whatever... |
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btw avatars are up! Interesting... I think we'll soon see a strong pump... in displayed avatars! |
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... No, the smart thing is to buy and hold. More precisely, the other traders buy and hold, while I sell.  Quoted for future reference, the first evidence the JorgeStolfi currently has or had bitcoins. One can't sell if one has 0 BTC, any attempt to do so results in "Invalid order: not enough balance" message. yes you can. you can short sell it. Yes, if Jorge has fiat on an exchange and actively shorts bitcoin. He should clarify this, but he didn't say "while I short sell". |
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... No, the smart thing is to buy and hold. More precisely, the other traders buy and hold, while I sell. Quoted for future reference, the first evidence the JorgeStolfi currently has or had bitcoins. One can't sell if one has 0 BTC, any attempt to do so results in "Invalid order: not enough balance" message. |
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I am skeptical about further down from here, red volume has been decreasing and there is a bullish double-bottom in 1h MACD.
While I can't exclude another drop, I find more probable to find a short term bottom, then go up to about 280$ and start the crash from there.
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fork?
100 $ here we come.
100$? You must be a permabull... |
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Western exchanges seem willing to crash again, but China not yet. Interesting, if the opportunity to crash will be missed, we may go up.
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Dear market, can we bears have another round of dumps, please? My prayers have been eventually answered, nice... |
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