Tzupy
Legendary
 Offline
Activity: 2128
Merit: 1074
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December 03, 2015, 10:12:16 PM |
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I also lean towards the head and shoulders scenario, and believe it will be confirmed (or not) about 6 to 8 hours from now. Since at that time I am usually deep asleep, I'll have to set my alarm clock to wake me up and wait for it to resolve...  |
Sometimes, if it looks too bullish, it's actually bearish
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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MatTheCat (OP)
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December 03, 2015, 10:16:21 PM |
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I also lean towards the head and shoulders scenario, and believe it will be confirmed (or not) about 6 to 8 hours from now. Since at that time I am usually deep asleep, I'll have to set my alarm clock to wake me up and wait for it to resolve... All the best entries come when I am in my sleep as well....fucking Chinese cunts......For those in euro time zones, if we want to take a trade, then we basically just need to fkn gamble and keep fingers crossed that the 'Yellow Peril' don't take a different view on the market. |
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calkob
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December 03, 2015, 10:39:32 PM |
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Great news! I'll get some fiat ready  . Agreed......... time to buy then  |
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Ibian
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Activity: 2268
Merit: 1278
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December 03, 2015, 10:40:07 PM |
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Thanks for the reverse indicator.
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Look inside yourself, and you will see that you are the bubble.
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r0ach
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Activity: 1260
Merit: 1000
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December 03, 2015, 10:46:21 PM
Last edit: December 04, 2015, 12:34:30 AM by r0ach |
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This type of TA makes 0 sense because you make the assumption that it's bearish for people to buy coins and spike the market after the initial rise, whereas if they didn't buy and let it go sideways in a straight line, your analysis would be something like, "looks like we reached the floor, time to buy!"
TA only works to predict what will happen when you average the inputs of a massive amount of market participants. The big rises and big dumps are always done by a small amount of participants. There is no chart on earth that would have predicted the initial rise from $319ish. People choose to manipulate the market in times like this to force shorters to pump the market for them. If you load up a bunch of shorts right now, the same thing will probably happen again.
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jonald_fyookball
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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December 03, 2015, 10:47:12 PM |
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Thanks for the reverse indicator.
hehe... it doesn't work that way (as you probably know). You can't just take the opposite stance of a bad trader. Everything works some of the time. Its mostly in how you manage the trade. Risk/reward etc. |
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MCHouston
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December 03, 2015, 10:48:43 PM |
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Why is this? I am hoping BTC goes down to low $200's. I would be happy.
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BTC 13WWomzkAoUsXtxANN9f1zRzKusgFWpngJ
LTC LKXYdqRzRC8WciNDtiRwCeb8tZtioZA2Ks
DOGE DMsTJidwkkv2nL7KwwkBbVPfjt3MhS4TZ9
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MatTheCat (OP)
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December 03, 2015, 10:56:39 PM |
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Thanks for the reverse indicator.
How is that $800 net cost per BTC 'investment' doing Ibian? Hey man, u may even get out with just a 5%-10% loss if you sell at the very peak of the ramp up to $700s! TA only works to predict what will happen when you average the inputs of a massive amount of market participants. The big rises and big dumps are always done by a small amount of participants. There is no chart on earth that would have predicted the initial rise from $310ish. People choose to manipulate the market in times like this to force shorters to pump the market for them. If you load up a bunch of shorts right now, the same thing will probably happen again.
I am not shorting, yet. A) Shite trade entry position atm. B) I leverage trade on Kraken, and the Euro is going apeshit at the moment resulting in similar volatility in BTC/EUR. Not touching any EUR related trade at the moment with a fucking bargepole...just had a face rip that makes crypto look stable, likely to go much higher yet...but it is what may happen in between that concerns me. What I am not doing, is holding any Bitcoin. Taking my troll hat off for a moment, I am 80% sure on this move...whether I catch a good short trade on it or not, remains to be seen....what I won't be caught doing is caught holding BTC...I will be buying back lower down. |
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talks_cheep
Legendary
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Activity: 1036
Merit: 1000
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December 03, 2015, 11:27:44 PM |
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I wouldn't put too much stock in OP's pronouncement, just yet. MatTheCat is, admitted by himself, a bad day-trader. He can't trade even if his life depended on it. So, no worries. Nothing to see here, move along.
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MatTheCat (OP)
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December 03, 2015, 11:29:42 PM |
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I wouldn't put too much stock in OP's pronouncement, just yet. MatTheCat is, admitted by himself, a bad day-trader. He can't trade even if his life depended on it. So, no worries. Nothing to see here, move along.
Yes. Very emotional and twitchy...but working hard on that. No emotions or twitchiness on the go at the moment though..... ....just saying how I see it.....little move up.....then CRASSSSSSSSSHHHHHHHHHHHHHHH! |
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talks_cheep
Legendary
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Activity: 1036
Merit: 1000
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December 03, 2015, 11:47:44 PM |
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I wouldn't put too much stock in OP's pronouncement, just yet. MatTheCat is, admitted by himself, a bad day-trader. He can't trade even if his life depended on it. So, no worries. Nothing to see here, move along.
Yes. Very emotional and twitchy...but working hard on that. No emotions or twitchiness on the go at the moment though..... ....just saying how I see it.....little move up.....then CRASSSSSSSSSHHHHHHHHHHHHHHH! LOL No disrepect meant with my last post. I have nothing but respect for MTC, he's an old chum from the bad ole days. At least to me. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 03, 2015, 11:55:37 PM |
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i think we're about to find out if MTC is right, i figure chances are 50/50 either way, but it FEELS like something big is about to unfold.
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MatTheCat (OP)
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December 04, 2015, 12:00:34 AM |
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i think we're about to find out if MTC is right, i figure chances are 50/50 either way, but it FEELS like something big is about to unfold.
Up......without touching or even getting close to $385 high....then DOWN! It will all happen when I am in my bed (as fucking usual), so I won't be in any short trade and I can't trade leverage at the moment anyhow cos of the fucking Euro going apeshit (I margin trade on Kraken).....do have buy-ins down in $330s though. That'll do me for now. |
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r0ach
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Activity: 1260
Merit: 1000
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December 04, 2015, 12:11:41 AM |
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I just remembered the last time all you guys were fucked. Sell now before it goes to $420.  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 04, 2015, 12:23:13 AM |
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i think we're about to find out if MTC is right, i figure chances are 50/50 either way, but it FEELS like something big is about to unfold.
Up......without touching or even getting close to $385 high....then DOWN! It will all happen when I am in my bed (as fucking usual), so I won't be in any short trade and I can't trade leverage at the moment anyhow cos of the fucking Euro going apeshit (I margin trade on Kraken).....do have buy-ins down in $330s though. That'll do me for now. i was thinking, more along the lines of, it would go down first and then recover pause at 380 knocking on resistance, then spike to 420+. I couldn't take waiting for 333 any longer, seems less and less likely to me as time goes on, so i bought back at a small loss. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 04, 2015, 12:27:37 AM |
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I just remembered the last time all you guys were fucked. Sell now before it goes to $420. that not 2 head and sholders in a row its headless shoulders, a bear got decapitated there, implying we will never ever ever see 320's again.  |
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suda123
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December 04, 2015, 12:28:16 AM |
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Yea im going on FIAT it's dumping on fiat right now |
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DieJohnny
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Activity: 1639
Merit: 1004
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December 04, 2015, 01:02:32 AM |
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Low 300s.....
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Those who hold and those who are without property have ever formed distinct interests in society
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Hazir
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Activity: 1596
Merit: 1005
★Nitrogensports.eu★
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December 04, 2015, 01:05:47 AM |
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So can you actually explain what is going on here? Because I have read some contradictory responses in this thread. Some say it is time to buy, some say we are fucked.
So how it is exactly? Should I be worried or it is just a FUD news?
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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December 04, 2015, 01:46:16 AM |
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So can you actually explain what is going on here? Because I have read some contradictory responses in this thread. Some say it is time to buy, some say we are fucked.
So how it is exactly? Should I be worried or it is just a FUD news?
At triangle convergence soon, you will either see a drop to $350-355, or another instant +$10-20 per coin. |
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