..what indicators do you trust in the most?
Fear.  (Capitulation) |
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Zoom out and look at the alltime chart + volumes. The resistance is meaningless. What people have done for 6 days consecutively now will break it without a problem. The question is how much resistance the broken long-term trendline will pose in the mid 5s.
But I’ll remember your view, thanks for the reminder.
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Extremely high volume selloffs - and this time even multi-day - mark capitulation.
We had a nice capitulation. I can safely hold your Bitcoins now for a while thanks to you fools. Finally.
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I can still smell your denial.
You cannot comprehend what just happened. Must just be a brief bounce, we’ll have new lows in a few days. Right?
Have you had a look at the alltime daily chart with volumes? What does it tell you?
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I’ve managed to increase it for a second time before we went up. Watch as the S3052 subscribers chase the price because they did not get their projected low. High five, proudhon. High five, man. |
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Nah Im longterm short Oh, and I like it when I share a minority view of the market. 1. Good, then you won’t mind this weekend rally. 2. Minority view? Have you had a look at the all-time daily chart volumes? You are the sheep. |
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Trendline retest imminent.  |
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Can you feel it now, Bears? Can you feel the cognitive dissonance now?
Will you recognize it early enough to get your coins back, and perhaps some more?
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I've got my bitcoins. Let's go.
Weekend, trading back in the mid 5s: "Everything went better than expected." |
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it's nice to see that you're familiar with what the scientific consensus is regarding the issue.
oh wait... you didn't mention it at all.
The scientific consensus is dictated by the Rothschilds to enslave humanity obviously. |
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Let me add a few things. - historical volumes
- 6 closed red daily candles consecutively
- S3052 subscribers still waiting for a low which will not come (at least not this weekend)
ENJOY THE WEEKEND RALLY, BROS! |
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I have to say that this recent cycle has taught me a lot of things about trading. It seems that for the short term and mid term fundamental real world events have actually very little effect, they simply either strengthen or weaken the current momentum. We had a downward momentum and then some bad news came, which accelerated that momentum and here we are.
This cycle and the emotions people go through is so spot on that I'm pissed that I didn't see this as clearly before. I still believe fundamentals have a say in the long term picture though and that is why I'm not worried, for example the usage of the Bitcoin network has been on a strong uptrend ever since the Good Wife episode. We have already recovered to the levels of August/September in transaction counts.
Another point is that the bad news we've recently experienced are best categorized as "reverse hype", meaning that there is really nothing to them. Paxum was not crucial to Bitcoin, nor was Tradehill. No one lost their money either. Nothing significant has happened lately on the negative side of things. Excluding the pain caused by the price crash itself, I'd say there is actually more reason to be happy about the state of Bitcoin than to be unhappy about it.
Finally, I would say that we are currently somewhere between capitulation and depression. The only thing I'm pissed about is that I missed the profit opportunities of this cycle. It was an important learning process though, in the future I will not talk about fundamentals when it's a question of predicting short or mid term market behaviour. They have very little say in it.
I have told you before, your "fundamentals" are completely meaningless. Your transaction numbers can be easily manipulated and provide nothing of value. They are not a leading indicator for price. Price is the leading indicator for fundamentals, you have seen it now and you will see it everytime again. The bad news come out AFTER, and perhaps in some cases BECAUSE the price drops. |
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someone wants to buy at 4.2 or this will go down like a rock
damn seams i was wrong .....
Thanks to the volatility of the past month or so the average price of my bitcoins given what I initially invested last year is far enough below $1 that I really don't care anymore. Somebody wake me up when it looks like the price is going to go below, let's just say, $0.50. Your average price should be negative, like mine is. It’s easier to trade "free money". |
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Can you feel it?
Does it hurt?
I can sense it.
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See not everyone agrees with your POV Blitzboom Forever alone contrarian.  |
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Bullish ones.  |
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lol..we all know Blitzboom is one of the major remaining bulls around here.. That’s why I’m right. Also, I switched my stance several times. I was actually short BTC twice, but you people have overdone it. Too much volume, too many consecutive down days, too many sells, too much panic. This will have consequences. At least short term. |
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3.878 will hold at least during the whole weekend.
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Just wait, Oldminer. You are a fool and remind me of the people who find climate change a lie because it’s been a cold winter this year.
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Its Thursday guys don't forget.
Yup. Been caned enough in the past for forgetting this one small fundamental. Oh, and for the love of god can we please not have any posts about how the weekends have no impact/bearing on the price of Bitcoin....  Enjoy the Weekend Rally. https://bitcointalk.org/index.php?topic=63312.0THE WEEKEND DIP IS A MYTH. |
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