Dear market, can we bears have another round of dumps, please?  |
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stamps eating that bid wall  This could be a local bottom, wait for a couple of hours for replenished bids, then resume dumping. |
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a long squeeze would be pretty fucking epicly tragic
Not for the bears. I'm drooling over one that would reach as low as 180$, a bear can hope...  |
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...
Next up:
Buy at $67
Sell and GTFO at $150
lol
Well, the opportunity to buy at 67$ may take a couple of months, but keep in mind the trading plan above.  |
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4h MACD and divergence are negative now, usually this means another day or two of decline.
Bitcoincharts not available just before this round of dumps started.
Support broken - panic time... PS. bitcoincharts working again - what a relief...  |
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4h MACD and divergence are negative now, usually this means another day or two of decline.
Bitcoincharts not available just before this round of dumps started.
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Looks like the right time to start a pump is while most Chinese are asleep. Now short-term resistance has been broken, let's see how high this goes.
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Bulls and bears balance each other very well atm. Guess the next two month will become boring to an almost unbearable level. No, either going up to ~290$ and then slowly descending, accelerating and eventually crashing, or just crash in 4 - 5 days. |
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...The bitcoin system does not create any real wealth (food, homes, cars, boat rides, haircuts...) ...
You are mistaken, bitcoin (the network) is a service, just like hairdressing. It fulfills the needs of small fraction of the society, although with a stupid waste of computing power / energy. As long as dark markets and like will continue to use bitcoin, it will have intrinsic value. When / if they will stop, only then the value will converge towards 0. |
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Buying at a predetermined price is a bad strategy IMO.
In this case, 200$ - because if the critical support level of 210$ won't hold, then going down as low as 120$ is possible.
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If the current movement continues 2h MACD will cross within the hour (Finex). I say up (after the Eclipse).  That's not possible, even with sustained buying 2h MACD would need 8h or more to get positive (only divergence is positive now). The 1h MACD is in the balance, could point direction soon. |
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the bull brigate is out of the woods.
give us another good opportunity for shorting, please.
I hoped they'll provide us bears with a short entry at 270$, but that may have been optimistic. |
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hello bulls.
I see you are opening longs like mad. good, good. the more you open the harder the fall will be.
I wouldn't hold my breath for the longs getting margin called soon. I mean, I'd love this to happen, but I'm not counting on it. If the market is in a similar position today with the 13th June 2014, then a long squeeze may only happen ~2 months from now. Back then, longs kept rising until mid July, and were squeezed during the 11th - 18th August crash. |
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The next bulltrap (5-10$ rise) will probably make all the bullscammers and bulltrolls appear again. It has been such a wonderful quiet and peaceful day in here so far. I wish it could always be like this.  Don't jinx it!  I hope the DCB will rise 20$ so I can get a good shorting entry tomorrow morning. |
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...You can imagine how different it might look the appearance of genuine demand compared to speculative demand (pure bubbles)
Genuine new demand would mean a massive new bubble, like the 2011 Silk Road one (the killer app for bitcoin). |
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Oh crap, I thought this was over for today and closed my short at 266$... |
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On a funnier note, it's Winklevii vs Zuckerberg again.
The irony.
Well, can they sue Zuckerberg over this? I doubt that... It's more likely Zuckerberg already has a patent on his tech and he may send the Bitcoin developers a "cease and desist" letter. |
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Bitcoin - the Myspace of cryptocurrencies... As long as dark markets continue to use BTC, there is still hope.
If / when they'll stop (moving to something better), millions of BTC will be dumped on exchanges.
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Finally, China breaches support! |
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Go Bearstamp! |
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