I bought late last night, and now i wake up to cheaper coins!  yup going to buy some more! I love down trends I call it optimism |
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Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?
Exactly, if it is a "floor" with no buys coming through then I am not impressed. It seems like just another silence before the storm. But again, we are on levels where we could bounce violently. But I don't feel like gambling... I think the buy it now is really like roulette. Unfortunately, the chances of gain less than the potential loss. I do not believe for a quick return of $ 90 (more than $ 7). And if we fall it will take a few more weeks, the bottom maybe 25 - $ 50 below the current price. Personally, suppose two options continuation of the trend: 1. fast "Crash" as in 2011 with 30 - 50 $ bottom. 2. "Correction" above SMA 200 (about $ 70) and above $ 50 minimum from April |
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Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?
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That brought things back down quick. Notice the volume.  I agree ... Edit: much of BTC above $ 93 and very few above the $ 86 ...  |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
I wouldn't call this a sprint, more like a crawl.  After such a drop, you can imagine some trepidation. Let confidence come back to the masses and we will be back above 100 before you know it. yes when someone buys a 14k BTC, and we will be at $ 100  LOL But seriously, everything above 100, would be a break UP! 14k BTC dump and we are at 81 - that shows the direction This is it... 100 is yet still more a bull dream than a real trend |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
I wouldn't call this a sprint, more like a crawl. After such a drop, you can imagine some trepidation. Let confidence come back to the masses and we will be back above 100 before you know it. yes when someone buys a 14k BTC, and we will be at $ 100 LOL But seriously, everything above 100, would be a break UP! |
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Almost done with the pullback, ready for the big drop?  ?? >  it looks like it  |
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Funny you should ask.
People should keep in mind that this is just a indicator. It isn't some kind of law which always applies. You should trade on news and data instead of this stuff. I disagree, you should trade on this stuff, then adapt your strategy according to incoming news. + 100% This is a psychological explanation of the development of prices in the waves and alternating bulls and bears period. This allows us buy low (in hope) and sell high at the end of euphoria.  By the way, if the bear and bull wave were symmetric (but not necessarily) we could find the bottom somewhere between $ 30 - 55 (this is the optimistic variant, and a lot of great speculation)  |
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Large walls were appearing right about current market rate again and again on this today's dip. Now large walls are propping up the price again.
Hard to analyse technicals when such market manipulation is rampant.
It's interesting that trend is at 99% according to the TA even with this manipulation. Yesterday's bottom was most likely by Trend based Fibo extension 85.81 - And we saw $ 86.00.Now the most likely top $ 95.56.Therefore, I personally will not buy Bitcoin for 91 - 94 now... It's Fibo analysis of the latest wave. But as I always say only possibility is more likely than the other options. Edit: On the other hand, another option is up to 102.94 - but so far as the mood, I think unlikely and too risky in down trend ... |
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According to the chart, it looks like a possible stabilization (end of this wave), at least for the next few days.
Of course it will be safer after several hours.
What does the green line signify, and how did you calculate it? This light green line is broken support from 3 May and 9 June.  |
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Also, we are just on the line lows before boom and 16th April low. I agree that final Capitulation the real new bottom is probably still ahead of us...  |
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Fibonacci retrace has it back to $104 ish within the next 4-5 days.
And after that? Sure it may retrace part of the move down. We are beginning to see lower highs and lower lows. I suppose something above $ 79 (minimum of 5 May), maybe around 82, and then 49 - 55 $... And I hope we will not have to test support at about 32.5. |
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Well, I obviously don't have idea what's going to happen or I'd be millionaire already but right now it's bearish pretty much. We'll see where it will end.. 85/86 walls are first line of defence now. I agree that it's very bearish. I expect resistance above $ 90, so maybe next fall ... Im starting to worry we might see a wallzilla, from the bid end. I hope a seller surprises me According sentiment I doubt that we'll get back to 38.2 Fibo = $ 95.56 ...   |
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Well, I obviously don't have idea what's going to happen or I'd be millionaire already but right now it's bearish pretty much. We'll see where it will end.. 85/86 walls are first line of defence now. I agree that it is very bearish. I expect resistance above $ 90, so so maybe next fall ... |
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Stabilization? It's almost 10% down today and last dip was hour ago (well, that one was 10%). How the hell any chart can call show that as stabilization? I thought the end of this wave, temporary miminum 86 and the possible development up but probably lower than we were. We still have a down trend. something like this:  But it could obviously be even otherwise. It's just one of the possibilities for further development. Mid-term is still obviously: down trend  |
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According to the chart, it looks like a possible stabilization (end of this wave), at least for the next few days. Of course it will be safer after several hours.  |
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yes, BTC-e Wall is at $ 75
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1.25k buys on bitstamp and mtgox? Weird. Almost at the same time.
Bitstamp just lost like all of its ask depth xD
but now Bitstamp goes back to 81 ... |
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88.011 ... it's ok, were doing fine  yes, 88.00100 a few seconds ago ... |
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