klee (OP)
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June 15, 2015, 11:41:17 AM |
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This can get really ugly IF we break 210 for good (207-208) and/or close below 215.
Why bro ? and thanks for the elaboration, apperciated. Gravity |
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Natalia_AnatolioPAMM
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June 15, 2015, 12:12:28 PM |
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This can get really ugly IF we break 210 for good (207-208) and/or close below 215.
and we will break 210 for sure |
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klee (OP)
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June 16, 2015, 06:17:58 AM |
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One more X, 3 left for liftoff:  Or doom if we fail here... |
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Fakhoury
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Permabull Bitcoin Investor
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June 16, 2015, 06:27:36 AM |
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One more X, 3 left for liftoff: Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? |
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 16, 2015, 07:23:05 AM |
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One more X, 3 left for liftoff:  Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? Because it is time for a big move... |
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Fakhoury
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June 16, 2015, 07:45:16 AM |
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One more X, 3 left for liftoff: Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? Because it is time for a big move... Both of us want this for sure. But how is this decided ? And you mean it's either doom or gloom with no middle ground, right bro ? |
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 16, 2015, 08:34:07 AM |
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One more X, 3 left for liftoff: Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? Because it is time for a big move... Both of us want this for sure. But how is this decided ? And you mean it's either doom or gloom with no middle ground, right bro ? |
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TPTB_need_war
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June 16, 2015, 08:42:12 AM |
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kLee I warned you about shorting near-term... check out of the gold collapse
I told you all upthread there would likely be a bounce this June in both gold and BTC but the final lows are still coming. I continue (via Armstrong) to predict every price move. Yet I (and he) get no acknowledgement. |
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klee (OP)
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June 16, 2015, 08:46:21 AM
Last edit: June 16, 2015, 09:15:42 AM by klee |
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kLee I warned you... check out of the gold collapse
I told you all upthread there would likely be a bounce this June in both gold and BTC but the final lows are still coming. I continue (via Armstrong) to predict every price move. Yet I (and he) get no acknowledgement. Not disagreeing mate  I bought some at 223 and I wait for signal to sell... I see too a pump and new low but only if we fail to violate 250. Then I will short it hard! EDIT: I don't expect lower lows (<155) if we break 250 |
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klee (OP)
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June 16, 2015, 11:59:24 AM |
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Opened a small short just in case...
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TPTB_need_war
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June 16, 2015, 12:04:29 PM |
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One more X, 3 left for liftoff: Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? Because it is time for a big move... Both of us want this for sure. But how is this decided ? And you mean it's either doom or gloom with no middle ground, right bro ? Careful. Notice those rises are getting smaller, so expect to break $250, yet still expect to break down again to lower lows < $155. Why? Because it is not yet time for the bottom. Remember private assets won't be ready for prime time until after Oct 2015 according to Armstrong's model. There will be a massive surge into safe haven assets as Greece defaults or exits. Initially this will drive up gold (and thus Bitcoin), but as the liquidity contagion ignites as of October, then people have to sell their most liquid assets, e.g. gold. This is what happened in 2007-2008, where silver made a high at $21 in early 2008, then dumped into the shitter < $9. It is slightly different now because silver peaked in 2011 and has already declined significantly. So we are just looking for the final capitulation. |
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klee (OP)
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June 16, 2015, 12:06:09 PM |
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One more X, 3 left for liftoff: Or doom if we fail here... Why doom specifacily and not a minor dump at this point ? Didn't we find the ground ? Because it is time for a big move... Both of us want this for sure. But how is this decided ? And you mean it's either doom or gloom with no middle ground, right bro ? Careful. Notice those rises are getting smaller, so expect to break $250, yet still expect to break down again to lower lows < $155. Why? Because it is not yet time for the bottom. Remember private assets won't be ready for prime time until after Oct 2015 according to Armstrong's model. If we breakout above 250 and then still collapse lower, I will admit Armstrong's model is the real deal!...  EDIT: This scenario (bull trap) is a valid one you know, BTC whales love to do these kind of stuff! The last P&F movements are full of bull/bear traps.. |
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klee (OP)
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June 16, 2015, 12:08:07 PM |
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I appended to my post. Re-read.
Yes, I am just commenting it! |
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darlidada
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June 16, 2015, 12:12:34 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
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klee (OP)
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June 16, 2015, 12:14:16 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!... |
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TPTB_need_war
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June 16, 2015, 12:15:55 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
I don't know. Haven't really studied to try to figure that out. But just looking at the chart that kLee linked to, yes I been thinking perhaps a revisit to test $320ish, but please don't hold me to that. I haven't done any detailed technical analysis. I am basing my hypothesis on Armstrong's model of timing and the international capital flows due to sovereign debt crisis contagion (and the shift from public to private assets in waves over time). |
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TPTB_need_war
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June 16, 2015, 12:17:15 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!... And did you forget the first collapse from $600ish to $300 (it was in rpietila's thread) and then again the drop from the second rise up to that (you should remember kLee). |
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darlidada
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June 16, 2015, 12:18:10 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!... Klee, I've been following anonymint for a while, I'm already sold. But I am mostly in fiat right now, so I'm wondering if its worth it for me to ride this wave. If its only a move to 250 then we go down, its not worth the stress. From what he said, it would look more like a mini rally than a bulltrap though. |
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TPTB_need_war
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June 16, 2015, 12:25:43 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!... Klee, I've been following anonymint for a while, I'm already sold. But I am mostly in fiat right now, so I'm wondering if its worth it for me to ride this wave. If its only a move to 250 then we go down, its not worth the stress. From what he said, it would look more like a mini rally than a bulltrap. I'd much prefer you bought at $223, so you'd have less downside if I am wrong. Make your decision and take responsibility for it. Nobody is infallible. |
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klee (OP)
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June 16, 2015, 12:27:27 PM |
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@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!... Klee, I've been following anonymint for a while, I'm already sold. But I am mostly in fiat right now, so I'm wondering if its worth it for me to ride this wave. If its only a move to 250 then we go down, its not worth the stress. From what he said, it would look more like a mini rally than a bulltrap though. Wait for a breakout (250+) and by the correction IMHO |
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