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Someone got tired of that wall.
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The 622 sell wall it´s getting eat very fast, from 750 to 590 in lest than half hour. In 4 o 5 hours we will pass the 622 wall.
That's not fast. It´s fast considering the volume we have now. Just make it relative so you keep acting as if you are correct. |
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The 622 sell wall it´s getting eat very fast, from 750 to 590 in lest than half hour. In 4 o 5 hours we will pass the 622 wall.
That's not fast. |
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Really TA is something beyond my ability as I'm lazy spending time learning it. Because of my inability, I found it wired.
I must admit TA is not wired but useful in many cases, for many people. For me, I would just leave it as it gives me more uncertainty.
The certain thing under my territory is to buy dollar average cost and hodl, until my expectation appears. I wish this works with bitcoin this time.
There is no TA in the Bitcoin market. The prices are controlled by whales who pump and dump how and when they like. And also by the news. 2 things the traders can't control or predict. All they can do is run behind it and hope they get lucky. And that's exactly what you see most traders here do. |
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I educated some friends/family on bitcoin and kept them on call for a breakout. They were originally very interested and bullish about the fundamentals and were going to buy at $800 but I advised against it and to wait for the bull market to start. So I kept them in the loop all the way through the gox crash and through the (second) china crash. They were still interested most of the time. However, as we got to April/May, they started losing interest. I advised multiple times to buy at $450 but now things were looking too grim, "it is volatile - we thought it would be less volatile", "this thing is all over the map", "its been going down too long", "i dont feel the same way about bitcoin anymore", etc. I alerted them again as the breakout at $460 occured and as it was passing $490 but they completely lost interest by that point. I guess they will probably buy now at this point at $625. It is ridiculous the mentality of the average person to buy high and sell low.
Afterwards, you knew in advance. I think it best to always be fearful when trading Bitcoin  Yeah, it sounds like the best way to minimize your profits. You guys make me feel i do have an edge on most of you even if i don't believe in TA. I just think there is a 90%+ probability that we will be north 10 000$ by the end of 2015 and bought a lot of BTC. I believed a BTC for 600$ is a steal, and i bought, and again at 550$, 500$ to 425$ which is my lowest buying. Unfortunately i missed the fall to 340$ because i am in the wrong GMT. At 425$ it was an obvious buy, but you guys were posting random charts to say we might go a few bucks below so you have not bought for most of the daytraders. And now we are at 622$ and instead of double thinking and wondering if it is amazingly cheap, you are trying to buy at like 610$ risking to see 700$ overnight. At some point many of you should realize hodlers have an edge on most of you, and especially you edward. You are 100% correct. These traders are completely obsessed with charts, fractals and lines and fail to see that buying and holding is very often (way) more profitable. They are obsessed with ridiculous buy in goals which they rarely get. The few times they make some profit is not worth it because they lose it again plus more when they miss the train. Which in the end they pretty much all do. We all know the result. Sad and pathetic attempts to spread doom around here because they need the market to go down. Anyway, it's kinda fun to watch so i hope they won't stop. |
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There is tons of resistance again. I guess there are craploads of people who want their money back from when they bought high in the previous run up.
same ones who'll buy at the top again probably  They will sell now, see the price keep going up and buy back in again a few 100 dollars later. |
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There is tons of resistance again. I guess there are craploads of people who want their money back from when they bought high in the previous run up.
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And, gone...
Yeah, i was just messin around. |
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Ommggg paaaanic! Sell sell sell!  |
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So all those people who sold at 600 must be totally happy now?
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I'm waiting 540 to buy back.
Ok. |
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I see Tera is back and obviously missed the train again.
Yawn.
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Prediction for the next few hours:
The wall at 600 will be partly pulled, then we will see a rush to 620, then slow walk to 635, from there a crash down to 600 before the prices stabilizes around 610 again.
Quote me if I am right.
How can it be partly pulled AND go to 620? |
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Don't bother Shroomskit never learns, he always cracks me up. Never learns what exactly? I don't trade you idiot. Something the idiot troll mod also fails to understand. Can't blame him though, he's not exactly the brightest around here. And you, are you bright? My comment was not about your trading but about your constant stream of live emotional commentary every single time someone sells some coins as if he's the stupidest person on earth preventing the next big rally to form all on his own. We know you don't understand the behavior of the market at all and have to comment on every little thing in this thread, but don't you ever get tired of it? Just let it go man, markets will never become rational so just learn how to move with it and understand its little quirks or just don't look at 1m charts. But why am I even trying, you will continue to do what you do anyway just because you can. Man, i'm just having fun and act over the top on purpose. Funny how people don't realize this. And sad how it upsets people. But knowing how i totally annoy trolls like Blitz with it i will keep doing this. Even more from now on. I just feel how i drive him nuts. And i love it. |
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I realize how stupid it is but I can't stop looking right now.
It's exciting. I'm extremely hungry though so i'm done. |
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Getting close |
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Ok back to 590. Another failed attempted. People go omg almost 600 must sell because otherwise it will go over 600 and i will make more money.
600 will fall.
Thanks for adding another wall, dipshit.
Back to 570 for another week. Yawn.
For all who suffer this kind of affliction, recommended cure is to 1) increase candle timeframe, expand x axis and if this fails, 2) step away from the charts entirely and do something you enjoy. It continues to amaze me how people can let the charts control themselves in such a way that not only do they watch them permanently, not only do they have zero trading plan that this would aid or require, but they actually get angry at things that are often a mere fluctuation/noise. Don't bother Shroomskit never learns, he always cracks me up. Never learns what exactly? I don't trade you idiot. Something the idiot troll mod also fails to understand. Can't blame him though, he's not exactly the brightest around here. And you, are you bright? |
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