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982
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 22, 2014, 08:56:54 AM
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Possible inverse head and shoulders pattern. Watch for a breakout out if it crosses the $520 neckline. I won't be too happy about it, as I'm still mostly sitting in fiat. It's better to sit in a lambo than a Fiat.
It's better to sit in a Fiat than to have to walk, too. Especially, if you are carrying any luggage with you. sitting in dirty fiat....?  maybe this Fiat:  |
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985
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 06:20:34 PM
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Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either. Anyway... Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you. Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank. Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.
Pay attention to the moving averages. until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.
Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining. the lowest we've touched since the last ATH was $339.79 (stamp), if you zoom out the 3d/1w chart and take a close look, you will notice how ugly that MACD is looking like, considering the fact that MACD is a lagging indicator and cant be considered a 100% signal for trades, but with momentum it is still a good indicator for possible directions. We went up from $480 to $510 on low volume and the chart is still looking ugly, the thing about the 1w/3d charts is that you have to be sure and confident when others are jumping around and yelling reversal and ATH, and by looking at Bitstamp's book order I can tell that this push wasn't mostly from new fresh money coming to the exchange, so my suggestion is that the group of " sell low and buy high" that is cheering and getting over excited are on action again. billyjoeallen, see you leave for 3 months and you come back to a lower price, people should learn something from you. |
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986
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 05:33:42 PM
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You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place. He's not the only one here confusing a dead cat bounce with a bull trap ;-) Looks like a common mistake. All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong  ). 12 months, wow...that is really short term, could your prediction even get shorter ? No, 12 months is already really short but that's because it's Bitcoin. For anything else my usual prediction period is 3-5 years out. (Yes I know you're sarcastic). in 12 months I am almost sure that we will hit a new ATH, but most of traders want to know what will happen in the next couple of months. |
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987
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 05:28:08 PM
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You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place. He's not the only one here confusing a dead cat bounce with a bull trap ;-) Looks like a common mistake. All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong ). 12 months, wow...that is really short term, could your prediction even get shorter ? |
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988
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 04:36:54 PM
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I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Oh it is definitely going to trick you one way or the other, no way around it. For example right now the market may have tricked you into thinking this is a bull trap.  I wont change my mind this time, every time people like you fuck my decision, this time I am confident but if I miss it then just fuck it, I wont buy back. OK... good bye!!! Lol he made a post saying how he had changed his mind, was no longer bearish and was buying back in... just before the drop from 590 to 440. I think he later deleted that post. He has absolutely no idea what he's talking about. link or didn't happen, you retard permabulls. Can you not read?... Tell me "IT entrepreneur", how can I link to a deleted post? again, I've never deleted a fucking post where I stated my position...this thread is full with hateful butthurt retards. |
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989
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 03:39:15 PM
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I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Oh it is definitely going to trick you one way or the other, no way around it. For example right now the market may have tricked you into thinking this is a bull trap. I wont change my mind this time, every time people like you fuck my decision, this time I am confident but if I miss it then just fuck it, I wont buy back. OK... good bye!!! Lol he made a post saying how he had changed his mind, was no longer bearish and was buying back in... just before the drop from 590 to 440. I think he later deleted that post. He has absolutely no idea what he's talking about. link or didn't happen, you retard permabulls. |
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990
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 02:33:27 PM
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I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Thats right, it didnt went to 0, bulltrap confirmed if you want me to confirm what your sarcasm, then yes it will go to 0, every technology have a life span, we will find out how long is it with Bitcoin. |
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991
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 20, 2014, 02:31:11 PM
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I think this is bull trap, I am not buying this "correction", I have my cash on the side waiting , I could buy now and still make profits but this market is not going to trick me one more time.
Oh it is definitely going to trick you one way or the other, no way around it. For example right now the market may have tricked you into thinking this is a bull trap. I wont change my mind this time, every time people like you fuck my decision, this time I am confident but if I miss it then just fuck it, I wont buy back. |
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996
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 19, 2014, 09:39:49 AM
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People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."
"new Low is good for the health of the market give me some $100 coins, the best thing that can happen for Bitcoin is a new low  " fonzie, is that what you want me to say ? I´m saying that an awesome amount of new traders(~10 only in the last 2 days) appeared here who are 100% sure that the bottom in the 2xx or 3xx range, probably a lot of them have sold during the downturn, when they realize that it (probably) ain´t gonna happen they will be forced to buy back @ higher prices. Ask side is totally empty which could deliver us a few nice upward spikes and enleash more bullish sentiment. I´m all in since 450$ btw. If you sold above 550$ you´re probably not in a hurry to buy back now, as a trend reversal is far from beeing confirmed, anyone that sold below 460-470$ should probably reconsider a part of his strategy if he is in full FIAT. In my eyes the demand around or below 400$ is way too high to get there. I am playing this in a long period trade, I sold my first half of coins 2 months ago @ $630 and the second half 2 weeks ago @ $585 , I am in no hurry, I will wait for that 3xx, even if it takes weeks, if the chart shows any signs of reversal I will reconsider my position. because right now, the chart is more bearish then bullish, both the 1w and 3d charts are showing a long slow bear market, and for that to change we need a huge pump with big volume that must bring us above $650... 3d 1w |
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