Also...I cannot quite believe I am typing this .................but the lack of the troll brigade is freaking me out a little.... suspicious?
(ps, please do not come back)
They'll be back. They're in hiding right now, where they belong. Amazing how the mood of the forum is so much improved by the absence of just a few people. Take note, mods. |
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No fucking way $300 is the top. This rally has legs. I've seen a shitload of tops and they don't look like this.
There is still much money to be made.
Where do you think this next top is? I would guess just shy of the last down trend line, which is now about 360 but falling every day, for one last fake down then up gradually over the coming months. |
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I don't know about you guys, but I just opened a can of beer!  Now that is an excellent idea  |
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Paging NLC! |
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It's a much nicer place without the troll family.
They will be back don't you worry. I am guessing that NotHatinJustTrollin was margin called and has decided to give up on bitcoin. |
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3.7k coins to 300 on finex. Someone put some money on bitstamp quick! |
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^Good chart. Agreed. Looking at the bid sum on all exchanges only confirms such an analysis. If demand doesn't pick up, forget about bulls' wet dreams. $330-$360 is a real possibility considering how this pump is playing out. Doesn't imply anything in the longer picture tho. China pumping the hell out of it and everyone else follows (regardless of the insignificant embarassing low amounts of money on exchanges) exactly like they did with the $450 abomination bulltrap. Pump it until it reaches an obvious long term trend line, dump all. Rinse and repeat. The trend line I use starts from the ATH, so it touches the $450 pump:  Sitting at $330 now, $310 in a month. But yes I guess yours is valid too. Of course 360 implies something. It implies all downtrend lines are broken. 65 dollars from the price currently. We likely will not get there directly, but assuming the price will inexplicably trend into double digits is dreaming. The future is unknown but I would guess we range trade until the (rapidly lowering) trend line is definitively broken, with mini rallies after ETF and halving approaches. |
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Thats bitstamp fool. Nobody uses that anymore.
 you mean p&d crew and clowns like fontas dont use it anymore? probably right. but! 7 k to 300 on stamp vs 5k to 300 on bitfinex so better wire some real cash asap. Hey tarmi, what positions you got at the moment? |
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Not to shit on anyone's parade, but I added some points of interest to the OP's chart. Just what I see that is different this time. (in the volume chart)  This is a correction to the bearish trend. A counter trend suckers rally, if you will... You are short probably. Why not show the bitfinex volume instead? Or look down further at the MACD and see this has only just started moving. |
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Where's Lamby?
Probably bought back in. Doesn't want to harm his investment or have it pointed out that bitcoin was a lot cheaper at 160 than now. |
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Have you traded futures yet bja? Moves like today can make your mortgage payment for 6 months in 5 minutes.
Approx ~5% Holy schmokes how much are you trading with? 10x 30-50 coins so the same as trading 300-500 coins. $10 moves can make $3000-$5000. Thats just one way without scalping the chop and inevitable pull backs. The key is EXTREMELY good risk management. Or lose the same. It is worth remembering that if you are not in the know about upcoming market movements, then you are likely to lose money trading, especially with leverage where you will likely lose everything in your account. Edit: it is also worth considering why a lot of the vocal bears like newbie1022, matthecat etc are no longer posting with great vigour here.. |
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Just backread the last few pages. How refreshing to have no trolls at all cluttering up the pages with nonsense.
Let's see if it holds 290 on finex..
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Just bought a few more coins. Expect a sudden price drop. Wrong time of day, Bro. look at the 12 HR chart. Buy after midnight UTC and SELL this time of day for as long as the pattern continues. Day trading is for gamblers. These coins go from circle to my cold storage. |
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Just bought a few more coins. Expect a sudden price drop. |
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Looking to buy another handful of coins. Expect dump immediately after.
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People predicting a dump?
I see nothing to suggest a price drop other than paranoid speculation regarding what people do with the auction coins.
how about the 20 mn. USD margin long on Bitfinex ? 14 million of which never even batted an eyelid during a massive crash down to 160..Long interest was 30 million last year. Perspective. |
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Just wait until monday and you will see what is going to happen after this yet another wash volume chinese fake "pump".
Where do you actually see so-called "Volume" you are talking about? Both the sides don't actually have any volume these days as compared to the previous ones whilst the auction was not even announced. The crash is actually "DONE" and I think it's time for the whales to wake up and pump, you know, "weak hands got out". And yes, I don't think there might come something major on Monday. Not the volume you had in mind I guess, but this made go back to look at long term volume... Short version: doing pretty well currently, both in terms of BTC volume and USD volume, though the latter is still far behind the peak in late 2013/early 2014. The following is Bitstamp + Bitfinex + BTC-E, BTC and USD. BTC volume is now the highest it has been in about a year (and even in USD terms beats the mid-2014 period). Compared to the late stages of the 2013 bubble however, it's still behind (and that's excluding mtgox volume that was a major factor in late 2013).  Mmh, in fiat terms the volume just seems still kinda low to me. On chinese exchanges (why didn't you put them in there? if there is fake volume in there or not we are talking about increases/decreases in volume, so we shouldn't care) there was a lot of interest in the $300-$400 area before the last crash (especially on OKCoin). Now there seems to be less interest to play the current price range.   ^The bottom volume in USD is the same as the $475 megabulltrap.  Same for other exchanges. Wanderer thinks we are going down because the volume on stamp (dying post hack) is lower than during a blow off bubble top. He ignores the fact that on finex (the main bitcoin exchange) volume is up hugely in the last few months. He will be surprised when the price glides past 300 and continues upwards.. |
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Checking in between cases to see nothing other than the resident troll talking to himself. Saaaaaaad.
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