For now, I think we've topped. It took too long to get up here and it's not looking impulsive. So I am expecting a 25% correction, which could take a couple of months to reach the bottom. After that, slow up with corrections, for most of 2017, break the ATH only in 2018. I am not at all happy with this scenario, because a slow market is killing me...  |
|
|
|
Here is a count that allows the news correlating people to start looking for their next reason  Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here How about a following ABC correction, with support at 600$ - 630$? |
|
|
|
|
Current small bitcoin dump may depend on the large LTC dump.
|
|
|
|
Shorting in a bull-market with low swings is very risky, is it really worth that risk to earn a few bucks?
There are always people who going for max risk max profits...but i dont think Ask is that kind of hardcore gambler.
Of course it's not worth the risk, unless you can watch the market very closely, then the risk is manageable. I don't short these days, am waiting for a clear signal to start shorting, and I saw none yet. |
|
|
|
I thought windjc was a permabull, so this is a major surprise for me.  Congrats anyway! |
|
|
|
Good AM Bitcoinland.
Negligible change since yesterday... $749USD/$1011CAD (Bitcoinaverage).
It's been pretty flat this week. What will the weekend bring? Down before up? Simple move upward? More sideways?
Even if it dips, I seriously doubt it will go much below $720.
In a couple of days there should be another attempt to break resistance. If it fails to, then the uptrend will be broken and we'll test support and we'll have a boring 2017. |
|
|
|
|
PSAR is bullish from 15 min to weekly, it's hard to get more bullish than that.
|
|
|
|
Lovely dumps, but my bids are a bit lower, so please continue...  |
|
|
|
At last the western piglets are trying to catch up with China!  |
|
|
|
|
Regardless of China capital controls, if we fail to break resistance we'll drop to about 600$, but this could take 2 - 3 months.
|
|
|
|
It looks like we'll be bouncing around this range till the middle of next year.  nope it doesnt. it looks like we pull right to the ATH until new year. Maybe, but it's not looking promising right now. IMO the market should test resistance again, and if it breaks, shoot to about 1300$ before correcting. If it fails to break resistance, then masterluc's scenario becomes favorite. The Chinese FUD or bullish news could make the difference. |
|
|
|
Do you feel pain in your ass ?
No pain. I hear sound of money in my pocket  If you won't close that short within 10 days you will feel the pain in your ass... |
|
|
|
I was short on Finex during the Finex hack. Instead of making a fortune from the drop, they stole my money.  You are not the only one...  |
|
|
|
|
China pumps, others try to follow. It's a normal market movement, if it will stop qt 780$, then it will go sideways and
correct for a couple of months, followed by a new slow uptrend and a rally.
If it will break resistance at 790$, then a top of about 1300$ is possible, followed by a 40% correction.
|
|
|
|
Noise...  |
|
|
|
|
My advice is to make sure the site isn't hackable, since it will surely attract that kind of attention.
I would like to play, but if I'll get too much unwanted attention again (like PMs with dubious links) I would have to quit.
|
|
|
|
|
No manipulation, just a normal TA driven move.
|
|
|
|
There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.
Did you hit your head, Tzupy? You are coming off as a bit more bullish than usual. Getting anywhere near the $700s would be a nice little treat for us "hanging in there" for the past couple of months, including the early August crash. No, I didn't sustain any head or other injury. But it's nice of you not to accuse me of selling my account to some permabull... I didn't say that it will break up, although I lean that way. I suspect that most of Chinese pump money is still on exchanges and could be put to use soon. While it won't break the 790$ of June, a near future bullish development could strengthen the case for a larger bullish scenario. Hehe, BFX decided to break the triangle sooner, and others try to follow. |
|
|
|
There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.
Did you hit your head, Tzupy? You are coming off as a bit more bullish than usual. Getting anywhere near the $700s would be a nice little treat for us "hanging in there" for the past couple of months, including the early August crash. No, I didn't sustain any head or other injury. But it's nice of you not to accuse me of selling my account to some permabull... I didn't say that it will break up, although I lean that way. I suspect that most of Chinese pump money is still on exchanges and could be put to use soon. While it won't break the 790$ of June, a near future bullish development could strengthen the case for a larger bullish scenario. |
|
|
|
|
Show Posts
