IMO if we hold here 284$ is a strong buy.
I hope so much that's the scenario that will happen Support at 275 is very strong but the whales will have to buy a LOT of coins to keep the price above! Interesting battle.. |
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Gold target 500$. Worst case scenario 300$.
If BTC decouples it will go at least 2000$.
If not targets are about 100$ and 50$ respectively.
Gold and BTC were moving in the past both in parallel and anti parallel. Interesting to see where this will go!
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IMO if we hold here 284$ is a strong buy.
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Guys don't waste your time in TV chat. Most there are losers. The less a chart shows the more you get. Been warning all you for days! (Damn, I start to sound like TPTB  ) I banned myself from all chats and trollboxes long ago. My trading stash is much better for it  Lost money in the past from troll boxes, best move to do is what you did!  |
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500 coin dump on BFX and the price goes...up? I moved my 373 buy order up to 374.4 and i still mis by like six cents! comp on, dumpers. Daddy wants your coinz.
Quoting for the lols!  |
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Guys don't waste your time in TV chat. Most there are losers. The less a chart shows the more you get. Been warning all you for days! (Damn, I start to sound like TPTB ) |
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Hello everyone. Comments and thoughts about this scenario:  Very possible IMO |
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Klee, why you want to go down to 260/245 when we have a strong bullish support at 275 ?
This is a hypothesis, a scenario. I will buy at bullish support if we fall or if we break 284. |
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Probably we will test bullish support line (264-268).
Let's see if it holds...
I'd closeout recent longs (purchased in the $260s) but not enter a leveraged short (if short-term trading): http://www.newsbtc.com/2015/07/21/bitcoin-price-technical-analysis-for-2172015-wide-divergences/Volatility will increase, so take the major part of the move and then stand back for pressure to build again. Model it akin to a spring. Note I am short until Octoberish. I sold BTC at $300 - $315 because I am not day trading nor am I trying to gain leverage by margin trading. Agree, all longs closed and no shorts unless a quick one if we break 260 (maybe down to 245). |
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Yep, for those who want to take profit from this particular figure, buy point is just above the cup.
couple quick Qs - A) do these larger timeframe patterns typically play out with btc? B) what would the handle target be? Also, when does this pattern turn invalid? (at what price) |
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Probably we will test bullish support line (264-268).
Let's see if it holds...
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Is there a known LTC mixer site?
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If we break 284 we will test 290-295 in very short time.
If we fail at 284 not sure what's next.
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People buying at the supports but not at the resistances (to break them).
Still no trend reversal.
China wants down.
Tripple bottom break intact and 1-2 boxes away from bullish support (264-268).
Bearish.
On the other hand: Price 'failed' to even reach bullish support and seemd that 275 is solid. Big bid walls at Finex & Stamp. Price when falling is on low volume. Bullish. |
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People buying at the supports but not at the resistances (to break them).
Still no trend reversal.
China wants down.
Tripple bottom break intact and 1-2 boxes away from bullish support (264-268).
Bearish.
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Just closed the long. Still looks weak, we need more volume...
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Shouldn't Winklevoss brothers do something by now?
Winklevass |
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