Really? China isn't going to ban exchanges? You know this? You know for a fact that no Chinese exchanges are going to close?
Ok. Well since you have a crystal ball to predict the future, you certainly have an advantage over me.
However, in my crystal-ball-less world, I think that China could certainly make capital flow into exchanges either more difficult or impossible and I think exchanges could close.
yeah, it's a fact, as good as they come these days. the chinese have declared they they are not capable of banning bitcoin, they do not have the authority, and they do not wish to. they have publicly declared this! |
|
|
|
Why is it so hard to see that the market doesn't know whether is bear or bull? We are inching up today on LESS volume than the move up yesterday.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
you cannot base a trend on volume. bidders are bidding up but nobody wants to sell. bears need to watch out for some serious volatility between 500-600. an old trend is not your friend. this one is behaving bullish, and fundamentals are bullish. If it continues to play out as I am expecting, we will be at 580 soon. Wow. To discount volume do so at your own peril. I didn't listen to my own advice at $470 and got my fingers clipped. This is Monday, most bullish day of the week and there is less volume than this weekend. Where are all these buyers??? We can't just go to 580+ without buyers. You're just ASSUMING no one wants to sell. All I see is nobody wanting to miss out on the next train and pretty much everyone staring at each other. Meanwhile, Bitcoin continues to inflate daily with new coins hitting the exchanges. Maybe the market will go up and make a new high. I know thats a possibility and I'm fine with it. However, this idea that is a certainty is just you being a cheerleader. It is the opposite of TA. cool it man, where are the sellers? Im not assuming nobody wants to sell, it's a fact. the price is high, and nobody is selling. nobody wants to sell. did I say it was a certainty? no. I am just thrilled that I haven't missed a cent from this bull run, and it is playing out as I expect. the theme of the down trend has been 'china ban', but the 15th, and the 18th, and now today has come about, and everything is fine. classic. what's the worst that can happen? china is NOT going to ban bitcoin! |
|
|
|
Why is it so hard to see that the market doesn't know whether is bear or bull? We are inching up today on LESS volume than the move up yesterday.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
you cannot base a trend on volume. bidders are bidding up but nobody wants to sell. bears need to watch out for some serious volatility between 500-600. an old trend is not your friend. this one is behaving bullish, and fundamentals are bullish. If it continues to play out as I am expecting, we will be at 580 soon. |
|
|
|
possible 5th wave blow out case.  |
|
|
|
|
more is coming. lotsa support.
|
|
|
|
Huobi is eating walls. 130BTC sell wall gone in a flash.
Do we dare post pictures of trains yet? They haven't seemed to work as of late. I did have a dream we were at $1350 last night. I was yelling at my husband for not selling any at $1350. But then he said, "The price is $5500." I said, "that is half of what it was!" I guess I can't do math while sleeping. But of course, even in my dreams it is better to hold.   yup just when everyone thought they had learned their lesson about posting train pics, here comes the train. you go first. may your dreams come true. |
|
|
|
|
Huobi is eating walls. 130BTC sell wall gone in a flash.
|
|
|
|
Another China pump and dump is my guess. It will suddenly stop and go down again. This happened how many times now already?
They have very little Ammo left. One day it's going up, and it's not going to come back. Are you ever going to buy? I bought a few coins at 400 to try and trade but haven't done so. Before that the last time i bought was over a year ago. I don't plan on buying any more atm. Why? it was a rhetoric question. well done buying at 400. .... just that if you attribute every rise to a false chinese pump, you will never have a buying opportunity. although, since you are here you are likely interested in buying. kinda a paradox. |
|
|
|
 about 20 hours ago I think. |
|
|
|
I alluded to a bear trap while we we're falling from 545 and was hoping it wouldn't break the 500 resistance but it did...I still believe most of what has played out to be a bear trap...it is Easter most people have family shit to arrange the Greeks got lambs to spitfire roast...I went golfing...my friend worked a shift where he got paid 2.5x his regular hours for Friday shift...All in all manipulation works best on lower volume and at times people can't wire money as quickly to the exchanges. Not to mention 330-470 buyers could profit take all they liked..and start re buying on the local bottom if the saw fit.
This is all pure OPINION
edit: as for my 3d MACD cross the dump kept it just shy...but now I am thinking it was planned so we could have a 3d cross on Monday the 21st 20:00UTC
It's tin foil hat commentary but it seems likely to me that there would be a bigger panic sell before and if we have a small rally or two maybe late Sunday to ensure
a ripe Panic buy on the 3d macd cross.
well suh.. If I do say so myself suh...it would appear to be primed for a panic buy on Monday suh.... oh its 9:30am, Monday in China you say? lol nice one Davy  |
|
|
|
Another China pump and dump is my guess. It will suddenly stop and go down again. This happened how many times now already?
They have very little Ammo left. One day it's going up, and it's not going to come back. Are you ever going to buy? |
|
|
|
I dont trade H&S, but we dont need proudhon to confirm this one  still expecting 580+ coming days.  |
|
|
|
BTC is doing pretty well too.... |
|
|
|
next 12 hours.... here it comes  significant reaction to EW analysts. |
|
|
|
fractal inverse batman heads alert
hmm cant see why you say fractal but yeah batman heads watever. not my cup of tea. best to be in before this happens. |
|
|
|
|
How many other examples of a 99% speculative bubble have we have in history other than BTC that are NOT pyramid/ponzi schemes?
each time delusional speculators pump BTC up to a silly price, would it really surprise you if the consolidation phase was always the same length roughly?
bubbles are all the same, a bunch of delusional speculators. It would be interesting to compare all speculative bubbles in history to find an average consolidation period length, but we cant do this because most bubbles never recover OR are not entirely speculator drive (fundamentals affect the price)
Perhaps the explanation for a steady sequence of boom bust cycles is that this is the first time it has been subject to occur, and we are watching speculators in their natural environment in a way never seen before.
|
|
|
|
if you like to use head and shoulders... twice rejected by support. I am still expecting 580 in the coming days.  |
|
|
|
Takes 10 yrs screen time to see price. Once u do that u may win 51 lose 49 times but dont ask for more.. usually your edge isnt much bigger in markets.. any forex guru claiming 75%+ win rate is a scammer one way or another gauranteed. In the end its not about the fact that your system gives an edge
but how u control you emotions to execute. Thats all you need to know to make money. Easier said than done.
thats true for ignorant traders. we have unfolding fundamental themes here. the more knowledge one has, the more accurately one can read the charts. Stock traders are usually professionals in their fields, such as mining, commodities etc... they have a stronger edge. I am not the only one here who has made more than 10x my money here. Bitcoin is a phenomena. The forex markets are much larger and robust, randomised, and manipulated. I would agree that nobody can sytematically make 75% from that. I also agree about the emotions, not only your emotions/logic but others aswell. Its only10x because your an early adopter.. when average joe gets in it will be just like forex where 1 pip is like 1 mbtc movement from added liquidity. The 1000:1 brokers are fake.. you will be requoted during news such that you always lose 75% of the time your spread will be 10x enough to break any system even if your jesse livermore.. If you keep winning they can then shut you down for no reason.. and your funds? Not so secure in cypress.. no thanks good riddance to forex. Never touch that shit again. The hedge funds and big player collude with each other to game the system.. they offer each other inside info.. Thats not a system thats fraud. They only make money from access to info where even a teenager can out trade them. The rest of us can win if we understand the enemy.. and in forex and stocks there are too many of them now.. Broker bank and dark pools. Atleast here we know we are trading vs each other. If your broker is smart, they will keep you close by if you are a good trader, and pay you every cent you make. They can copy your moves exactly. good traders make money, they find a way. as for average joe.... the average Joe cannot have an edge in a zero sum game. the average Joe should get another job. as for insider info, the people who build companies from the ground up will get the insider info weather you like it or not. I dont see what's wrong with that. at the end of the day, the market goes up and down, and we are small players. We can make money if we understand exactly the problems we face. I have a positive attitude. ps. time for average Joe has not yet come for bitcoin. 10x gains still to be made if you ask me. |
|
|
|
|
Curiously, this consolidation cycle has been first to break the cycle of wedges. I like it, a nice deep retracement forebodes well for the future.
|
|
|
|
|
Show Posts
