dasource
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June 01, 2015, 11:36:12 AM |
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Looking forward to seeing how this develops, thanks.
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^ I am with STUPID!
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klee (OP)
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June 01, 2015, 11:44:49 AM |
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Possible target for closing short: 196$ With yellow I have put a circle where we have BEARISH support line - it is exactly where we have a previous bottom at mid January (horizontal yellow line).
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klee (OP)
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June 01, 2015, 03:37:48 PM |
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Double bottom break at Bitstamp too!
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Fakhoury
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Permabull Bitcoin Investor
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June 01, 2015, 03:53:13 PM |
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Double bottom break at Bitstamp too!
Your thoughts so far please ? Bear-trap or ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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8up
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June 01, 2015, 04:08:52 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
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Always wrong until not.
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klee (OP)
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June 01, 2015, 04:11:00 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence...
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Fakhoury
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Permabull Bitcoin Investor
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June 01, 2015, 04:11:48 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence... from the scene ? how ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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klee (OP)
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June 01, 2015, 04:12:47 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence... from the scene ? how ? No bounce - just like the fall from 400$ to 165$ EDIT: Keeps falling & falling in low volume until some big reaction? Probably longs hunting until they get them margin called in a cascade..
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Fakhoury
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Permabull Bitcoin Investor
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June 01, 2015, 04:13:25 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence... from the scene ? how ? No bounce - just like the fall from 400$ to 165$ Your thoughts ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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klee (OP)
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June 01, 2015, 04:16:13 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence... from the scene ? how ? No bounce - just like the fall from 400$ to 165$ Your thoughts ? See my edit above - or the market is just bearish (no conspiracy theory) and BTC will have to find somewhere a bottom before a new uptrend. God knows where...
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Fakhoury
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Activity: 1386
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Permabull Bitcoin Investor
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June 01, 2015, 04:19:05 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence... from the scene ? how ? No bounce - just like the fall from 400$ to 165$ Your thoughts ? See my edit above - or the market is just bearish (no conspiracy theory) and BTC will have to find somewhere a bottom before a new uptrend. God knows where... Didn't we already found a bottom with being nearly stable for the past few weeks ? Why the market is bearish will all the staff we hear about everyday ? Manipulation ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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klee (OP)
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Merit: 1000
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June 01, 2015, 04:27:16 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
I agree on the above - I find it very 'suspicious' the bulls absence... from the scene ? how ? No bounce - just like the fall from 400$ to 165$ Your thoughts ? See my edit above - or the market is just bearish (no conspiracy theory) and BTC will have to find somewhere a bottom before a new uptrend. God knows where... Didn't we already found a bottom with being nearly stable for the past few weeks ? Why the market is bearish will all the staff we hear about everyday ? Manipulation ? Bottom maybe lower or higher, I mean the point where the current downtrend will stop - maybe it is here maybe at 50$ who knows? Manipulation needs weak opposition so it is both IMO..
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pitaluga
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June 01, 2015, 05:49:23 PM |
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nice analysis. where can I find these PnF charts?
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klee (OP)
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June 01, 2015, 05:52:33 PM |
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nice analysis. where can I find these PnF charts?
You can make yours at TradingView.com
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klee (OP)
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June 02, 2015, 05:56:48 AM |
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Donchian channels:
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klee (OP)
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June 02, 2015, 06:39:26 AM |
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Closed shorts yesterday at 221, opened a small long today, maybe we will bounce at the Donchian channel support.
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klee (OP)
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June 08, 2015, 12:33:41 PM |
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Closed shorts yesterday at 221, opened a small long today, maybe we will bounce at the Donchian channel support.
So far so good...
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Afrikoin
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alan watts is all you need
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June 08, 2015, 04:33:16 PM |
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First observation: The crash happens on low volume. Second observation: Everyone (even inca) expects a crash. (However it is not clear how big.) Third observation: Longs are still very high. (I would expect some longs beeing margin called before we can see a rise).
Whoever is 'constructing' the market fairly well knows, how to create a bunchload of uncertainty.
'they' also usually make sure almost all the indicators are neutral. EMAs, bollingers, support/resistance levels, fibonacci. Have you noticed?
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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Afrikoin
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alan watts is all you need
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June 08, 2015, 04:56:53 PM |
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Long term I think that Bitcoin will eventually rally above 1000$ but maybe the drama is not over yet... Can i ask what are some of your reasons for this?
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