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901
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Economy / Speculation / Re: PnF TA
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on: September 24, 2015, 08:48:45 PM
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Thanks for the updates, Klee  Are you Bullish, Bearish, Neutral, right now ? Slightly bullish. |
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902
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Economy / Speculation / Re: PnF TA
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on: September 24, 2015, 08:45:02 PM
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target?
PO for the 4x3 HL: Vertical: 332$ Horizontal: - EDIT: 4x3 vertical count is more long term but more solid too (for various technical reasons). I subjectively expect 330-340 to be tested too (337$). Can we have another way to confirm this? Yes. Bullish resistance lines (yellow ones):  First one is at 328-332 (creepy right?). In a bull market, usually it is violated and we stop to the 2nd. Now at 356-360$. Both targets assume that we will form a new X column (reversal at 236, resistance 236-240, breakout 248) which will cross the yellow trendlines. |
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903
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Economy / Speculation / Re: PnF TA
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on: September 24, 2015, 08:33:01 PM
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Do bears stand a chance?  Yes. If we fail to breakout here and go 222$ it will be a quadruple bottom break... |
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904
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Economy / Speculation / Re: PnF TA
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on: September 24, 2015, 08:26:55 PM
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target?
Price Objective in the 2x2 chart (if it finally hits 236) is: Vertical count: 244 Horizontal count: 248 PO for the 4x3 HL: Vertical: 332$ Horizontal: - EDIT: 4x3 vertical count is more long term but more solid too (for various technical reasons). I subjectively expect 330-340 to be tested too (337$). |
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906
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Economy / Speculation / Re: The Bullish News Thread
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on: September 23, 2015, 03:48:54 PM
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All this great news about Bitcoin and still the price hasn't shot up. I'm really glad, as I'm still buying as much as I can afford.
The price is going to explode eventually.
Why has not the price shot up, after all these good news??? And if people are really buying up the bitcoin as fast as they can, how come the price has not shot up??? Without knowing the answer to these questions, I don't think the price is going to explode. You know what they say, an apple does not need marketing/advertising while a Mars chocolate bar needs... |
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907
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Economy / Speculation / Re: Analysis never ends
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on: September 23, 2015, 02:42:30 PM
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What I fail to grasp is why so much drama if EVERYTHING falls? Short the hell out of everything and the speed you will make dollars will compensate for the value it may lose in real life terms...
Pffff, these old school traders (MA, Thomas Dorsey) who hate to be on the short side of the market.
Also, there is a thing called hedging....
EDIT: The trader's nightmare is a stable market, not a turbulent one.
Ο καλός ο καπετάνιος στη φουρτούνα φαίνεται.
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908
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Economy / Speculation / Re: Analysis never ends
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on: September 23, 2015, 12:48:19 PM
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Drawing a trend line in that manner is nonsense because as long as the current price is higher than some other price in the past there will always be a possibility to do that. The empirical extrapolation power of a trend line is proportional to how closely it follows the actual price. Doing that at price extrema you then get the worst possible one you can draw.
In other words a trend line only makes sense if it appears the price tries to "stick" to it, otherwise it's useless to do it.
Can you draw one of yours?? |
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909
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Economy / Speculation / Re: Analysis never ends
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on: September 23, 2015, 11:42:26 AM
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Theodore Modis is right - BTC is following log growth (S curve) and not an expo one. It seems that it normalised now to an S curve:  The "defense line" must not break. Otherwise... Hell yeah. At least no one will demand a block size solution by then.  Though I have a feeling we will retest it before going upwards again... |
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910
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Economy / Speculation / Re: PnF TA
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on: September 23, 2015, 11:23:26 AM
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$BTC:$COMPQ https://i.imgur.com/mqWInVU.pngNASDAQ showed weakness last days and BTC was falling slower and then reversed. We don't mind very much if NASDAQ is falling and this chart is in X column, as long as BTCUSD is rising. On the contrary, this may be a proof that BTC is acting inversely with the stock market! I noticed that to, when stocks dropped bitcoin spiked 3 bucks. I would feel much more confident though if both were rallying but I suppose it would be a win win either way (if BTC rises). |
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911
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Economy / Speculation / Re: Analysis never ends
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on: September 23, 2015, 11:21:31 AM
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 I came to the conclusion, that 200 MA is a minor support/resistance line compared to the pre-bubble(s) support line (lasting for 2.5 years). Coincidentally they are close to each other at current valuation. Keep in mind, that this market is heavily manipulated and big investors will also try to protect their bitcoin holdings. This is why I'd like to call this line the "defense line". Therefore my best guess is, we will see a mild rally from here (to around $350) and a third retest of this line until bitcoin is ripe for real bubble-mode. This finally could happen coincidentally (or planned!) after block size solution will be found and halving is just around the corner in early summer 2016. Storytelling (for the masses) is an important part of bitcoins' success! 325, 450 Scary stuff. 205-210 must NOT break... |
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912
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Economy / Speculation / Re: PnF TA
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on: September 23, 2015, 10:10:29 AM
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$BTC:$COMPQ  NASDAQ showed weakness last days and BTC was falling slower and then reversed. We don't mind very much if NASDAQ is falling and this chart is in X column, as long as BTCUSD is rising. On the contrary, this may be a proof that BTC is acting inversely with the stock market! |
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913
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Economy / Speculation / Re: PnF TA
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on: September 23, 2015, 09:07:33 AM
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Bought LTC at 2.825 yesterday. My stop is closing the 2h at 2.725.
Target is a spike at 3.8. It will be easy to take profit in the 3.4-3.5 area.
If LTC goes full bear my target will be 1.5$.
Timestamp: 23 Sep 2015
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914
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Economy / Speculation / Re: Analysis never ends
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on: September 23, 2015, 05:42:33 AM
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Not sure if I did everything ok (I used a simple 200MA, 1w chart) but seems to me case is closed:  Not sure what you mean. That the 200 WMA is broken to the downside for good? Anyhow: I think something's wrong with that 200 week moving average you are showing. I think it's wrong (it's too damn high). Maybe not enough data or something. looks like this on bitcoinwisdom:  and like this on bitcoincharts:  (both bitstamp weekly) on bitcoinwisdom I'm reading $235.54 for the 200 WMA. bitcoinwisdom is doing it right, btw: not displaying the line at all if there's less than 200 samples in the past. Yes, that's why I said I don't know if I did anything right - this chart has the line very high IMO too. Anyways, I think we will go parabola soon if we hold 230... |
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917
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Economy / Speculation / Re: Analysis never ends
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on: September 22, 2015, 12:27:38 PM
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What does the latest surge means? Still possible for a bullish outcome short-mid term?
Also, what do you guys think about this?
If $235 will be breached a possible rally to $350 might come to fruition. After that (for the then bullish uberbulls annoying) set-back to current valuation and even more potential downside. I agree up to the 350$ part. Then I don't have an opinion. Give me $380+ and I'll start posting moon gifs and mean it. Anti-gravity phenomena will start appearing at these prices.. |
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918
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Economy / Speculation / Re: Analysis never ends
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on: September 22, 2015, 11:48:12 AM
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What does the latest surge means? Still possible for a bullish outcome short-mid term?
Also, what do you guys think about this?
If $235 will be breached a possible rally to $350 might come to fruition. After that (for the then bullish uberbulls annoying) set-back to current valuation and even more potential downside. I agree up to the 350$ part. Then I don't have an opinion. |
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919
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Economy / Speculation / Re: PnF TA
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on: September 22, 2015, 11:18:00 AM
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It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices. What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time! Want the hard cold truth? From a trading PoV, BTC now is just not worth it, period. Better trade LTC & alts which move faster, don't have the fork issue and the public is less aware of them (so big moves are much easier). The current move was initiated from LTC which all these days shows much more resilience in absorbing the selling pressure. Halving is beginning to impact it I think. Indeed. I was an "only bitcoin will prevail" ideologists for far too long. Trade/hold LTC, XMR and ETH for now. Mike the Great & St. Gavin (I hate them, just kidding) actually realised this and wanted to reboot BTC asap (with better parameters) before the competition eats it. They know well that after all BTC is just another coin in the list (please don't even start the most secure PoW crap here) and TPTB in order to participate will not tolerate Max Keisers, Karpeleses, Loadeds, Goats, Sheeps, etc etc They need a better percentage for themselves. BTC is in the grey area between better statist alternatives (XRP, ETH, etc) and better underground ones (XMR, even DASH etc). Ordinary Joe has NO reason to get involved (except the more efficient fiat entries) & the main target group for it is what all these VCs and banks are investing at. So they had to make it more sexy for them. BTC has become the SP500 for cryptos. |
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920
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Economy / Speculation / Re: PnF TA
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on: September 22, 2015, 10:31:14 AM
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It's definitely getting interesting. If you take recent positive news into account, this could be an orchestrated move to push prices higher. On the other hand we've seen positive news to often leading to lower prices. What's funny: Everybody "knows" that if $200 is breached it will without doubt (!) lead to much lower prices. The public knowledge about this makes me think it won't happen (this time)... I can see prices hovering in the 200$ to 350$ range slowly amplyfying with consecutive break-out (pre halving) + massive setback afterwards. This means no ATH for a long long time! Want the hard cold truth? From a trading PoV, BTC now is just not worth it, period. Better trade LTC & alts which move faster, don't have the fork issue and the public is less aware of them (so big moves are much easier). The current move was initiated from LTC which all these days shows much more resilience in absorbing the selling pressure. Halving is beginning to impact it I think. |
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