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darlidada
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August 15, 2015, 10:18:15 PM |
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I dont understand last post you said we were going up and now you say bearish catapult breakdown. Brag about what ?  Explain please! Brag about the clear signals PnF patterns give. Even me is still falling into bad habbits of the past and haven't shorted this shit because I thought it was just a bad parenthesis... Supply & Demand my friend, as simple as this. i agree pnf is more accurate than i thought it was, but wasnt that dump just finex dumping its nyc customer funds? |
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klee (OP)
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August 15, 2015, 10:19:17 PM |
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I dont understand last post you said we were going up and now you say bearish catapult breakdown. Brag about what ? Explain please! Brag about the clear signals PnF patterns give. Even me is still falling into bad habbits of the past and haven't shorted this shit because I thought it was just a bad parenthesis... Supply & Demand my friend, as simple as this. i agree pnf is more accurate than i thought it was, but wasnt that dump just finex dumping its nyc customer funds? I think it was the 'Satoshi' mail... EDIT: You see news does not matter point is if a market is bullish or bearish, we don't care why. The chart says what it is. If it was 'really' bullish this mail would be ignored (and maybe it will be). |
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klee (OP)
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August 15, 2015, 10:59:56 PM |
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Fakhoury
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Permabull Bitcoin Investor
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August 15, 2015, 11:03:51 PM |
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We reached $261 on finiex. |
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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BitcoinForumator
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August 16, 2015, 05:25:59 AM |
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Seems to me that you guys figure out what's going to happen half of the time, and half of the time you're wrong. I've been following this and other speculation threads were a consensus forms on what will happen next and the predictions are wrong just as much as they are correct. Which reminds me of weather forecasts.
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ask
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August 16, 2015, 05:38:16 AM |
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IF we bounce on the bullish support it is usually a big move - like a tennis ball hiting a wall. So the triple top breakout is almost guaranteed providing extra fuel to the rocket. What can be more bullish? This:  Not so long ago bullish catapult was wrong... |
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klee (OP)
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August 16, 2015, 06:26:08 AM
Last edit: August 16, 2015, 06:41:14 AM by klee |
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IF we bounce on the bullish support it is usually a big move - like a tennis ball hiting a wall. So the triple top breakout is almost guaranteed providing extra fuel to the rocket. What can be more bullish? This:  Not so long ago bullish catapult was wrong... Bulish catapult did NOT form - it was possible TO form... Seems to me that you guys figure out what's going to happen half of the time, and half of the time you're wrong. I've been following this and other speculation threads were a consensus forms on what will happen next and the predictions are wrong just as much as they are correct. Which reminds me of weather forecasts.
What I speculate <> on what the chart say - the chart is clear since the triple bottom break. SELL/SHORT. It confirmed again the bearish scenario when it broke the bullish resistance while forming the triple bottom break to an even stronger catapult. BEAR trend again!!!  Both in HL AND CLOSE. No longs. Short the resistances. Maybe short some double bottom breaks. Close shorts at double top breaks.Sub 200s? What do you not understand? This is what PnF tells you. The rest was SPECULATION from my side (probably I was wrong - deep inside me I am still a foolish permabull). P&F signals are clear because are a posteriori. This is a momentum method. Go and do some research mate.. |
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klee (OP)
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August 16, 2015, 07:05:50 AM |
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Going back to 2$ box:  We see a nice double bottom formed again. If this (262) holds and gives a breakout (274$) could be a very positive sign. In this chart, we previously did that at 240 and 254. At 260 we will break south... |
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TPTB_need_war
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August 16, 2015, 07:10:15 AM |
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BTC did not move up much with gold's move up to $1117. Gold paused and BTC made a lower low (relative to recent). It appears BTC does not want to rally with gold. Thus is looking very weak.
Satoshi even spoke out on Aug 15 about the danger of GavinCoin. (Either the real Satoshi posted or someone with enough hacking skills or influence posted from his former email account, thus either way someone is expending precious resource to make a point about how serious this is)
I am not sure what to make of all this, except that overall gold and BTC are correlated and that both are headed for extreme lows by Spring 2016 (based on Armstrong's gold low prediction).
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klee (OP)
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August 16, 2015, 07:29:41 AM |
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BTC did not move up much with gold's move up to $1117. Gold paused and BTC made a lower low (relative to recent). It appears BTC does not want to rally with gold. Thus is looking very weak.
Satoshi even spoke out on Aug 15 about the danger of GavinCoin. (Either the real Satoshi posted or someone with enough hacking skills or influence posted from his former email account, thus either way someone is expending precious resource to make a point about how serious this is)
I am not sure what to make of all this, except that overall gold and BTC are correlated and that both are headed for extreme lows by Spring 2016 (based on Armstrong's gold low prediction).
I see support and people ready to catch the falling knife but I struggle to see big money willing to buy at 300+. The previous bubbles happened without the advanced trading products (margin, futures, options etc) that enabled since almost 1.5 years now the market to mature into a real one (and not a pump & crash type of investment). It will be VERY difficult to see the kind of rallies we were used to. Add to this the obvious technological limitations of Bitcoin (fundamental analysis) that are now obvious to every well educated investor and I think that the 'Moon' crowd will get smaller & smaller with time. It's only hope IMO is (as you say) TPTB deliberataly making it the new tool for mass surveilance & control mechanism, thus exploding it's price so everyone will 'bite'... I see too a double bottom (165$) or lower at spring 2016. |
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klee (OP)
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August 16, 2015, 07:35:06 AM |
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Holy dump!   |
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klee (OP)
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August 16, 2015, 07:51:21 AM |
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Desperate BTC holders offload for XMR - this may get interesting! Too bad I have no funds at Polo  |
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klee (OP)
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August 16, 2015, 08:43:29 AM |
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Bought some at 258! To da moon!!!!!  |
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ask
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August 16, 2015, 08:45:41 AM |
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Bought some at 258! To da moon!!!!! Hehehehe. Just wanted to say that 10k BTC sell pushed price only $5 down. It looks that this was shakeout. 200d SMA still holds. |
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klee (OP)
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August 16, 2015, 08:48:43 AM |
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Bought some at 258! To da moon!!!!! Hehehehe. Just wanted to say that 10k BTC sell pushed price only $5 down. It looks that this was shakeout. 200d SMA still holds. Yeah support is solid. Let's see how far will demand push this. I am putting ask at 290  |
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ask
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August 16, 2015, 08:54:03 AM |
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Bought some at 258! To da moon!!!!! Hehehehe. Just wanted to say that 10k BTC sell pushed price only $5 down. It looks that this was shakeout. 200d SMA still holds. Yeah support is solid. Let's see how far will demand push this. I am putting ask at 290 I am thinking what if the main purpose of "Satoshi's" mail was to get cheap coins from shaking hands. Something tells me that this is similar as 2 oct 2013, when Silk Road shake-out triggered spark to moon. |
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klee (OP)
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August 16, 2015, 08:56:08 AM |
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Bought some at 258! To da moon!!!!! Hehehehe. Just wanted to say that 10k BTC sell pushed price only $5 down. It looks that this was shakeout. 200d SMA still holds. Yeah support is solid. Let's see how far will demand push this. I am putting ask at 290 I am thinking what if the main purpose of "Satoshi's" mail was to get cheap coins from shaking hands. Something tells me that this is similar as 2 oct 2013, when Silk Road shake-out triggered spark to moon. Maybe but IMO he speaks (whoever he is) true things. The reason I bought is that in both my charts (2$ & 4$) we hit the bearish support and (non P&F reason) big dumps usually complete in 3 waves in 1d. This seems to be the case since the 298 bounce... |
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klee (OP)
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August 16, 2015, 07:37:47 PM |
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Longs closed...
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ask
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August 17, 2015, 04:50:00 AM |
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Longs closed...
Why? You opened short @ $258? |
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klee (OP)
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August 17, 2015, 05:00:37 AM
Last edit: August 17, 2015, 05:15:19 AM by klee |
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Longs closed...
Why? You opened short @ $258? I usually don't care about fundamentals but this XT fork drama seems very dangerous to me. I prefer not to touch BTC while this is unfolding. No I did not short it, maybe I will at 272 with a stop at 274. Why decentralisation is key for Bitcoin by @MarkFriedenbach https://www.reddit.com/r/Bitcoin/comments/3h7eei/greg_luke_adam_if_xt_takes_over_and_wins_the/cu53eq3 |
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