Brace yourselves
Winter is coming
Brrrrrrrr
Quoted, for posterity. |
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Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.
Not sure, where is value in your post, but I will respond anyway. This thread is not bearish at all. Quite the opposite, try to read more carefully. Members are simply looking at depth and length of upcoming correction, that will support long term growth. Being bearish is something completely different, Mr. Investor. I never said the thread was bearish, just that Afrikoin is looking to buy cheaper. I'm reading as carefully as I can, but I just can't seem to give any other meaning to the last few posts than a nicely disguised subjective bearishness. I have no problems with one being bearish, but I do have one with trying to influence readers because of an already assumed position, which is what is coming across, at least from this side of the screen. For example Does any one else think the hard fork debate has intensified?
Certainly got louder over the past 6 weeks.
Could we be headed for a hard fork in the days to come? has the implied message that a potential HF could negatively affect the price, even though there is no real risk of a HF for now. Disregarding all this useless FUD, strictly from a technical point of view, a correction could come any time. If such is the case, I'd expect it to not go down below the $1091 low, which is the last higher low before the ATH (daily, Bitstamp prices). At the same time, and with bigger probability in my opinion, the rally will just keep going on, with a great chance of acceleration. We are, after all, in bitcoin bubble mode - above weekly bollinger bands, above weekly RSI 70, above daily RSI 70. |
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Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.
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BTCShort sellers are getting liquidated.
This is one the things I get out of bed to see .... finex blowing up like a cheap condom Instead, you get to see them doubling down, prolonging our agony. |
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"Break the purple line up will mean that the previous forecast is not true. In this case, the price probably will visit the top blue line." - Bitcoin Wang
so much for forecasts.... i guess i'll just go tune into the weather channel for my trading forecasts Trading is a game of risk and reward and probability, not of actual forecasting. Nobody is infallible, and just when you think you "know" what the market is about to do, that's exactly the time when the market will screw you over. The easiest thing to do is find out what the dominant trend is, assume a position according to it and then wait. |
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Let's buy some extra coins for our British friend rjclarke. Push that bitcoin!  If you all do that you are more than welcome to come and have a big party at mine. The wife won't be happy but there you go. The adress? :p On a more serious note it seems that everyone is pushing this as hell! So... Time for shorting no? I'm hearing this same song every day since Mike Hearn sold out his bitcoins at $450. He's been a dearly missed presence, both in Bitcoin and the market. |
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Most people can't see the difference between a bull market and a croissant.
BTFD :/
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Shit!
I finally gave in to kwukduck's pressure and have sodled all my bitcoins below $1000, which was never to be broken upwards again. I know this is only temporary and I'm hodling my $$$ with strong hands, waiting to buy back at $200 in the coming weeks, or even days.
Thank you duck, I don't know what I would've done if it wasn't for your precious advising!
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12h MACD has crossed into negative on Chinese exchanges, but not on western ones.
What exactly are the Chinese exchanges trading again? IOU CFDs? |
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Finex is getting some volume back? Shorts are at 1yr high too, grab your torches?  I'm only eyeballing here but I think $ denominated shorts are at ATH, while long/short ratio is around all time low. Shorts must be right, right?  |
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Don't you think it would be simply better if you had your own thread?
This way you're just congesting masterluc's thread with stuff that some people don't expect to see when checking it.
Cheers.
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If it fails like $300 failed in nov '15, or how $500 failed in aug '16, then I'm good to go.
$780 looks like strong support, the crazy panic selling didn't manage to take it down even though price went below it shortly.
There could be another attack on it and I'm not sure it would hold on second attack. A lot of people are close to panicking as is. Not everybody bought in 2012 or earlier, so that's a difference to the 2013 rallyes were noone had bought at those prices. Above $1200 things would look differently... but we're still in known territory where a lot has been going on already. I'm not sure either it would hold, guess we'll have to see. Otoh, I don't really understand your point regarding the difference between now and 2013. What do you mean, noone had bought at those prices? Who propped the market to ATH if nobody bought there? In 2013 the rally happened much more quickly. There was only a very short amount of time over $1000. We held above it much longer this time, so more bitcoins changed hands above $1000. I would rather say that coins change hands when trades happen, not when time passes. When times does pass, people get accustomed to the prices, so in that regard, time spent here is much more bullish than 2013, I agree. |
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If it fails like $300 failed in nov '15, or how $500 failed in aug '16, then I'm good to go.
$780 looks like strong support, the crazy panic selling didn't manage to take it down even though price went below it shortly.
There could be another attack on it and I'm not sure it would hold on second attack. A lot of people are close to panicking as is. Not everybody bought in 2012 or earlier, so that's a difference to the 2013 rallyes were noone had bought at those prices. Above $1200 things would look differently... but we're still in known territory where a lot has been going on already. I'm not sure either it would hold, guess we'll have to see. Otoh, I don't really understand your point regarding the difference between now and 2013. What do you mean, noone had bought at those prices? Who propped the market to ATH if nobody bought there? |
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If it fails like $300 failed in nov '15, or how $500 failed in aug '16, then I'm good to go.
$780 looks like strong support, the crazy panic selling didn't manage to take it down even though price went below it shortly.
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It's the particularity of corrective waves. Vicious and fast moves in a counter-trend direction.
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What a pump and dump shit show. I hope nobody did anything stupid like buy more bitcoins.  How silly of us. Surely this is going to $0. |
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Damn, this drop don't look good at all. And a double top aswell... What double top? China has broken the ATH by a mile, and they are the drivers of this market. |
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