If this is in fact a rising wedge and breaks down, it would set the stage for this being a B wave of an ABC. (I am not betting on this though) |
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The breakout occured at $460.
That was one breakout. Thee major breakout. I caught that one and jumped off at $520. I rebought in at $571, but got cold feet at $585. That was before the rise to $595 and the subsequent drop to $550. Since then we have had a triangle/flag formation, from which we have broken out, and now have also broken out from the trendline connecting the previous two significant highs ($547, $595). I am now in again since $601. Why are you even attempting to trade during a bull market? This is your opportunity to just move your coins into cold storage and avoid mistakes and exchange risk alltogether. |
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I bet in everyone's mind in this thread, this glorious 35% rally is some type evidence that all the $1,000,000+ projections are coming to fruition, whereas there might have been some doubt about them earlier. Pretty soon there will be new charts pinpointing exactly when $1,000,000 will be reached, which will be even earlier than previously projected, possibly with even higher targets afterwards, and it's all because of this rally.
you're making it seem like it's a bad thing. It is a bad thing if people use the emotion of short term action to adjust their long term projections. The theory behind all of these long term projections are that they are calculated in such a way that they occur regardless of the current short term action. |
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Putting that 1W MACD cross into warp speed  It would have to close out this candle and then the next candle at these prices in order to confirm (maybe even 3 candles). On the other hand, if there is a huge drop next week, it will lead to an evening star formation, the denial of the macd cross, and an uncrossing of the 3D EMAs and 1W EMAs as if it never happened. It'll all look on the chart like 'that intial ridiculous spike that everyone panicked over before the real month long ramp up to 600 began and the indicators actually crossed for real'. |
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Wow nice stuff happening! Are we experiencing some new graph shape called "stairway to heaven"? It certainly looks like one  |
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The breakout occured at $460.
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God damn retarded trolls.
WHERE DO I SAY ANYTHING ABOUT MY OWN POSITION???
Oh wait if you look back you'll see that I went long at $460. I guess the joke's on you.
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I bet in everyone's mind in this thread, this glorious 35% rally is some type evidence that all the $1,000,000+ projections are coming to fruition, whereas there might have been some doubt about them earlier. Pretty soon there will be new charts pinpointing exactly when $1,000,000 will be reached, which will be even earlier than previously projected, possibly with even higher targets afterwards, and it's all because of this rally.
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This is just like watching one of those bubble rallies because there are no coins for sale on the order book.
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I believe in the strong possibility of paranormal phenomenon. The very fact that I am conscious and that there is consciusness is evidence of it to me. However, this does not mean that I believe in the credibility or the skill of self-proclaimed psychics or believe the predictions of any of the people who I have mentioned in this thread.
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brief spike to 700 and 3 months of flatness at 550
Sold, to the bear in the front row. "bear": Someone who believes of a possible scenario in which the price temporarily drops 8% before recovering, instead of having an immediate 1000% rally. - bitcoiner dictionary. |
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I think the persistence and panic of the current rally is being fueled by a number of leading indicators which have preeptively crossed. However, if we start dropping again, they could uncross and then it will take some more time before we can truly rally again (there will be flatness). If you look at the bid depth on bitstamp it hasn't even increased at all since we were at $430 a couple weeks ago.
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brief spike to 700 and 3 months of flatness at 550
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1. It is currently trading higher than litecoin
2. It rose over a thousand percent in the past 2 months.
3. It is only a couple months old (in IPO rally mode)
4. It has 2 million coins instamined
5. It forked the other day and masternodes had to be taken down, so it's fundamentals are even being called into question.
I'll let you decide...
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Bitfinex seems to be pulling away from stamp... why?!
(I don't like seeing price action I don't recognise!)
Because it is disconnected. |
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Perhaps a brief spike to 650 and then 3 months of flatness at 550
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It appears I was wrong about the max coins of darkcoin or the information changed and now I see that darkcoin actually has 22m max coins. sorry. In any case it seems extremely high for a new altcoin and in 'IPO-mode'. It's usually a good idea to wait till after IPO-mode (a few months) is over because there is usually an extended and horrific bear market afterwards.
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Having any significant portion of your holdings in DRK is a bad move at this point. It is currently trading higher than litecoin yet it has the same max coin structure, and litecoin has years of serious adoption behind it. This price is only temporary and due to the present lack of coins on the market because it is new. It is not becase of demand and there is practically no support on the orderbooks compared to that of litecoin. We have seen this a dozen times before with altcoin IPOs - these are just IPO prices. At some point the supply side will start getting dumped into the market and it will fall apart. Meanwhile, people are desperately trying to pump it with rumors of being added of being added to bitfinex. And the other day its very fundamentals were called into question as it forked, setting the stage for a different more reliable altcoin to take its place even.
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Someone alert shroomskit that a traitor has placed a 41btc sell wall at $595 while the price was attempting to rally past $598
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forex is being manipulated by banks in order to manipulate the trading of the catcoin/dogecoin pair
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