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Author Topic: Morecoin analysis [bitcoin/USD market observations]  (Read 47455 times)
klee
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August 29, 2015, 09:44:16 AM
 #201

The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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Morecoin Freeman (OP)
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September 14, 2015, 12:44:56 AM
 #202

I keep asking myself how we will break 300 again, since I do not see anyone willing to risk buying near the top.
But at the same time this floor established at 220's on multiple occasions seems somewhat solid too.

So, more sideways then I guess...

I will try and make the best out of trading this 220-250 range for now.

(BITCOIN PRICE INDEX $231.30)

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Wary
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September 14, 2015, 01:31:03 AM
 #203

I keep asking myself how we will break 300 again, since I do not see anyone willing to risk buying near the top.
But at the same time this floor established at 220's on multiple occasions seems somewhat solid too.

So, more sideways then I guess...

I will try and make the best out of trading this 220-250 range for now.

(BITCOIN PRICE INDEX $231.30)
Somebody just posted exactly the same text at the Wall Observer thread  Wink

But I agree with you. For breaking out we need something BIG to happen. Like halving or COIN approved or Andresen renouncing XT  Grin

Fairplay medal of dnaleor's trading simulator. Smiley
Morecoin Freeman (OP)
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September 17, 2015, 05:06:05 PM
 #204

So we are now past this max pain level. People who bought at $200 and below are the real winners again.
Much like in January, we likely have already seen the new bottom.

My strategy: Buy and hold as much as one can afford. Best of luck to everyone that survived.

(BITCOIN PRICE INDEX $234.55)

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Morecoin Freeman (OP)
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September 17, 2015, 05:35:04 PM
 #205

$220 And $300 have been important levels throughout 2015:

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BitmoreCoin
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September 20, 2015, 07:52:49 AM
 #206

bottom is around $200. do not know if the price will break $300 in the near future.
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September 20, 2015, 10:01:24 AM
 #207

bottom is around $200. do not know if the price will break $300 in the near future.

this year is as good as wasted. i guess we'll stay bouncing between very low $200's and the higher $270's for the whole remaining year. can't see it going much higher or lower than i stated.
Morecoin Freeman (OP)
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October 25, 2015, 08:47:41 PM
 #208

$220 And $300 have been important levels throughout 2015:



My analysis was pretty good:


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Morecoin Freeman (OP)
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October 28, 2015, 04:26:21 PM
 #209

So we are now past this max pain level. People who bought at $200 and below are the real winners again.

My strategy: Buy and hold as much as one can afford. Best of luck to everyone that survived.

(BITCOIN PRICE INDEX $234.55)

And now is arguably a good time to sell.
The top is in at $308. This was a great trade.

(BITCOIN PRICE INDEX $300.79)

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Dilla
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October 28, 2015, 04:49:47 PM
 #210

So we are now past this max pain level. People who bought at $200 and below are the real winners again.

My strategy: Buy and hold as much as one can afford. Best of luck to everyone that survived.

(BITCOIN PRICE INDEX $234.55)

And now is arguably a good time to sell.
The top is in at $308. This was a great trade.

(BITCOIN PRICE INDEX $300.79)

Not 100% that was the top, just a ~$10 dump, we're still fighting at $300. We've been shooting up in price for a good amount recently, it was expected to dump over $300 at some point. If $300 can hold for a day, this isn't over.
BitmoreCoin
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October 29, 2015, 10:08:13 AM
 #211

Not 100% that was the top, just a ~$10 dump, we're still fighting at $300. We've been shooting up in price for a good amount recently, it was expected to dump over $300 at some point. If $300 can hold for a day, this isn't over.

The price is over $309. The volume is also quite good. We might see $350 by the end of the year. The rise could be due to Gemini effect.
Morecoin Freeman (OP)
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November 09, 2015, 01:13:22 AM
 #212

So the rally went all the way up to $500. Incredible stuff. The trading volume has been insane, especially on Huobi and OKCoin.

Rumors are the triple M ponzi company was involved. I am not sure what to believe.
Anyway this price increase was definitely fueled by a lot of short positions getting liquidated on margin.

Going forward, I would suggest selling your coins while you are ahead:



Best of luck to everyone. Happy trading.

(BITCOIN PRICE INDEX $370.48)

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November 09, 2015, 05:46:31 AM
 #213

For shorters it could be a bad play.  I see decent sideways movement for awhile. 
Morecoin Freeman (OP)
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November 10, 2015, 07:48:37 PM
 #214

There has been discussion recently that some Chinese investors are seeking out bitcoin as China's currency has struggled and the government has made it harder to move money out of the country.

Mr. Lee, CEO of Chinese Bitcoin Exchange BTCC, said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using bitcoin to move money into an international investment scheme: MMM Global.

Sergey Mavrodi, founder of the MMM series of pyramid schemes, confirmed to the Financial Times that his projects are actively using bitcoin. Allegedly new members of MMM Global have to buy bitcoins to join the scheme.

Here is the interview with Mavrodi:
"I'm no crook," declares MMM scamster, while claiming credit for the Bitcoin price spike.

(BITCOIN PRICE INDEX $352.96)

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rjclarke2000
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November 10, 2015, 08:10:54 PM
 #215

There has been discussion recently that some Chinese investors are seeking out bitcoin as China's currency has struggled and the government has made it harder to move money out of the country.

Mr. Lee, CEO of Chinese Bitcoin Exchange BTCC, said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using bitcoin to move money into an international investment scheme: MMM Global.

Sergey Mavrodi, founder of the MMM series of pyramid schemes, confirmed to the Financial Times that his projects are actively using bitcoin. Allegedly new members of MMM Global have to buy bitcoins to join the scheme.

Here is the interview with Mavrodi:
"I'm no crook," declares MMM scamster, while claiming credit for the Bitcoin price spike.

(BITCOIN PRICE INDEX $352.96)

It explains a lot. Shame really.

The $500 price was exciting.
BitmoreCoin
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November 14, 2015, 04:43:48 AM
 #216

For shorters it could be a bad play.  I see decent sideways movement for awhile. 

So do I. I think the price will around $320 for about a month. The bitcoin price has risen too fast in the last 30 days. It is beter to consolidate before rising again.
jaredboice
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November 14, 2015, 10:11:41 PM
 #217

would it be complicated for the forum moderators to auto delete any post that mentions "Ponzi" or "scheme" Huh

That would be ideal.  It's just annoying more than anything.  Banker shills have been trying to connect bitcoin to a ponzi scheme since the very beginning.
Morecoin Freeman (OP)
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November 17, 2015, 01:56:44 AM
 #218

I am feeling optimistic about the bitcoin price here. The 2015 resistance of ~$315 could have become the new support.
I am back in bitcoin at this time. My strategy: Buy and hold because we will break $350 soon. Best of luck.

(BITCOIN PRICE INDEX $332.45)

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Morecoin Freeman (OP)
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November 20, 2015, 02:32:26 AM
 #219

Support at ~$310:



(BITCOIN PRICE INDEX $314.75)

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MatTheCat
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November 22, 2015, 11:27:35 PM
 #220

Support at ~$310:



(BITCOIN PRICE INDEX $314.75)

Got any TA to back these 'feelings' up?

Word on the street is that 'Monster Support' is down in $200s.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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