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2h PSAR flipped to bearish on BTCChina and Bitfinex.
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>340 after lunch.  Well, the triangle should have broken down by now, so this looks fishy for a bearish position. I closed my short just in case, may reopen later. If this breaks up, it could go to 360$, and then start a correction. |
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BITCOIN SALE:
Buy 2 bitcoins (at $500 each) get the third FREE!!!
Meh, I'd rather wait until tomorrow, another offer could arise, like buy 2 bitcoins (at $500 each) get another 1.5 BTC free...  |
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See you below 300$... |
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you shall not pass!...TODAY FTFY EDIT. I was wrong...  |
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Failure to break resistance at 363$ today or tomorrow will IMO result in another major correction, possibly down to 250$.
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Come on shorters, we need more of you!
Don't count on me, I already bought non-leveraged. Now holding until the top of the next rebound, shorting after that. PS. With this post I reached "Legendary bear" status.  |
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I'm disappointed, the western exchanges didn't follow China as I hoped for, so I decided to close my short at 357$,
now if this drops to 340$ I'll have a reason to rant... So far, the bullish scenario has been weakened, but not invalidated.
Rant time...  |
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Thank you for cheap Bitcoins, Bears!! You shouldn't thank the bears, but the piglets... Bears provided some support when closing shorts... |
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I'm disappointed, the western exchanges didn't follow China as I hoped for, so I decided to close my short at 357$,
now if this drops to 340$ I'll have a reason to rant... So far, the bullish scenario has been weakened, but not invalidated.
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what happend to adam? was he kidnapped or something?
My thoughts also... what if some bears got him (if so, please let him go) and he is posting under duress... |
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Shorts up to 11k and longs down to sub 20 million USD.  Shorts up today only 450 BTC, actually makes me feel lonely... |
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Had planned to close 50% of my short just above 366$, to have more ammo for the rebound, but dumpers missed it by 0.2$... shrug.
And it was such a nice rebound... Oh well, I'll wait for the next round...
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Support broken in China, also 2h MACD divergence turned red (2h MACD itself was negative, won't turn positive soon).
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i hope price will stabilize right now after falling
It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term. Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range. I think that the volume has to go down before prices will stabilize, which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative. I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350. That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not.. +1 well vol appears to be going down a little bit, big move coming soon. There's a rather large triangle that should break soon, but it keeps narrowing instead. The BB are are also getting narrower, should break one way or another within 2 hours. |
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China didn't want to go down for a while, but now catches up. Bearish pattern broken, possible to go up to 420$. |
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China didn't want to go down for a while, but now catches up. |
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China ran out of steam, formed a little triangle that broke down (I expected up), so now dumps, western exchanges reluctant to follow yet.
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I got tired of waiting for the next round of the dump, and closed my short for a tiny profit, have to get some sleep. If tomorrow I'll see 340$ I might pull some hairs... And from now on I'm going to take profits sooner... |
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