One more X, 3 left for liftoff:  Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? Because it is time for a big move... |
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One more X, 3 left for liftoff:  Or doom if we fail here... |
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This can get really ugly IF we break 210 for good (207-208) and/or close below 215.
Why bro ? and thanks for the elaboration, apperciated. Gravity |
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This can get really ugly IF we break 210 for good (207-208) and/or close below 215.
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Into the war zone! Real battle for the bulls just begins... Kindly elaborate more as I'm a Bull  It means that we have reached the big resistance zone (235-240) - up to now resistance was moderate.. What are our chances to pass this resistance zone ? And if we passed, what would be the next resistance zone we would face ? If we spike above 250 we have probably started a new bull market IMO. Confirmation would be to close at least 1d above 300 and spike at 350. This is a medium term view, short term we have resistances everywhere up to 300. EDIT: Don't know about the chances though... |
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Into the war zone! Real battle for the bulls just begins... Kindly elaborate more as I'm a Bull It means that we have reached the big resistance zone (235-240) - up to now resistance was moderate.. |
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This is some exciting news. Unlike your title it doesn't say anything about next week but crypto documentation is quite significant.
Hence why people buy on rumor and sell on news. Every f@ckin time... |
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Now we watch the bull despair begin to rise as the price stubbornly stays sub 240, leading to an eventual fall back to 220 <200
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Scariest thing right now is the volume, let's hope the outcome isn't going to be bearish.
235 was a big support, now it will be a tough barrier to break (close at least 1d above it). |
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You will sell at 50$ like most here....
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Into the war zone!  Real battle for the bulls just begins... |
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Big selling pressure at Bearstamp
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3 box reversal, new bullish support line: New bullish support 224-228$, resistance still between 236-248$ |
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It may well be possible that the greece public will adapt BTC as an unofficial currency for everyday use.
If a large group adopts bitcoin now, at the current price or at a higher price, they would be sharing their wealth with the early adopters in proportion. For example, if Greece adopted bitcoin, and 9 million BTC were circulating there with a value equivalent to 10'000 USD/BTC, then Satoshi's 1 million BTC would allow him to buy 10 billion USD worth of Greek property. Greece then would become 10 billion USD poorer. That is why no sane government should allow privately issued money: the people who issue it take wealth from those who use it. When the government issues more money, the government is taking wealth from its citizens, so it is just another tax. It may be a stupid kind of tax, but people tolerate it because the government is supposed to give that wealth back as public services. When the banks issue more money through fractional reserve lending, they are taking that wealth for themselves. Citizens should not tolerate that, but most do not understand what is going on. I have only a foggy notion myself... Satoshi should donate his coins to the Greek gvt EDIT: If it agrees to adopt BTC as it's currency EDIT2: This will also solve the distribution issue once and for all (of his stake) |
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I would like the price to go a bit higher (around 235) to feel safer opening a short. What do you think?
Unless you have a long-term short horizon, you are flirting with losing more of your BTC. I have, I only trade a small amount (scalp) in this range. I sell whenever we reach the bearish resistance line (see link below) which is between 236 and 248 currently (short/medium term view). For me to go bullish we need to close at least 1d above 250 (short term), 300(medium), 350(long term). https://bitcointalk.org/index.php?topic=1064374.0 |
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Are you short atm? Do you think it is safe to go short at this price?
I would like the price to go a bit higher (around 235) to feel safer opening a short. What do you think?
Nice analysis.
What's up Klee? Long time. Yeah, I am short some. Not full. Even with shorting, at least larger amounts, you need to have patience, imo. Sure we could go to 235. Or 242. Or 249. Or 260. I'd be really surprised if we went higher than that. However, I think its more likely we stay below 240 on our way down to 210-212 area. But, keep in mind, my OP was a prediction that had a 3-4 month time window. If our up movements continue to require USD swaps to rise, then its short lived imo. Fine man, been a hell of a year!  Agree on USD swaps, that's why I was very curious to see volume at GBTC & XBT ETN, though both are not high enough IMO to increase substantially the demand. |
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