Yet another analyst :)

[N12]

Nice call lucif

That SMA is at 72, there hasn't been a bounce so far and I'd argue it broke through it as it went to 65, but who knows.

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[siulynot]

Nice call lucif

That SMA is at 72, there hasn't been a bounce so far and I'd argue it broke through it as it went to 65, but who knows.

I dont think 200sma daily will break with just one stab.

[N12]

It's definitely not the worst play considering historical charts, good success to you guys in extracting some delicious dollars.

[Wekkel]

It's definitely not the worst play considering historical charts, good success to you guys in extracting some delicious dollars.

Actually, my play in the end is accumulating more Bitcoins.

[Dalib]

For me also make sense to buy under $ 70 and not sale between 70 and 55.

Option 1 and now 60:40 for me: "crash as in 2011" and the bottom deep below 50. (I call it "crash")



Option 2: If we do not break $ 50-55, the bottom will 55 - 70. (I call it "correction")



And we'll see it just as well by SMA 200 (lower or horizontally and slowly up??)

And of course according to change current trend down above 55 - It has not happened yet.
  

[ElectricMucus]

Nice call lucif

That SMA is at 72, there hasn't been a bounce so far and I'd argue it broke through it as it went to 65, but who knows.

I more interpreted that we'd bounce up to it not from it. Catching those 3-4 hour bounces is the only thing that makes sense for me currently, no way I'd hold Bitcoins while I'm not at the PC or even asleep.

[Dalib]

Nice call lucif

That SMA is at 72, there hasn't been a bounce so far and I'd argue it broke through it as it went to 65, but who knows.

I more interpreted that we'd bounce up to it not from it.

Sorry, not understand, I'm not saying that the rebound from SMA - this is silly     SMA and EMA can't work as support line.

Just know that around 55 is a heavy support a lot of dollars in bids. That's why I wrote if we not break 49-55 everything will be different than crash in 2011.

but yet we fall so



Therefore 55-49 will be very important (4.77M USD in demands now).

[N12]

Don't worry, plenty newly-made multimillionaires left who will gladly take a clean exit at 50 USD later on when we come knocking at its door.

[Dalib]

Don't worry, plenty newly-made multimillionaires left who will gladly take a clean exit at 50 USD later on when we come knocking at its door.

I'm also afraid of. It is incomprehensible to me that the biggest sale of 2011 was on the bottom. (Not for $ 12 - 7, but for $ 3 - 5 ).  

[RyNinDaCleM]

A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)

[Dalib]

A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)

+1 makes sense

[molecular]

Short buy everything below $70.

Daily sma 200 should rebound.

Conflicting_arguments_brain_hurts 

short the USD

[molecular]

A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)

Zhou is in the biz again doing coinjar.io

[BrightAnarchist]

Short buy everything below $70.

Daily sma 200 should rebound.

Conflicting_arguments_brain_hurts 

short the USD

I think he means short-term buy, as in f( timeframe, direction )

[lucif]

You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.

[Frozenlock]

You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.

Lol. 

[damnek]

You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.

I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times.

[samson]

You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.

I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times.

I won't panic. I don't need to squeeze as much as I can out of every movement.

Patience is the name of the game.

[damnek]

You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.

I agree with you, lucif. I've bought back quite some btc below 70, and have more bids in the high 50s, if we even reach those levels. Just taking my doubled btc profit here. The spec board is full of bulls pretending to be bears, and they will panic as soon as the pendulum swings the other way. Exciting times.

I won't panic. I don't need to squeeze as much as I can out of every movement.

Patience is the name of the game.

All I can say is that I've become a much better trader once I switched from being reactive to being proactive, but to each their own..

[BrightAnarchist]

You should laugh, but I have a feeling, based on special subset of my indicators, which says that my short buy @~65 may transform into long position. 30% probability estimation.

Really good call on this!

On a wave basis, we have 9 waves down from the July 21st high - specifically, looking like a wave 4 finished near $100 and we had a fifth wave impulse down from there to complete a larger impulse (9 waves visible on a chart is typical because it means one of the impulse waves extended, giving you 1-2-3-4-(1)-(2)-(3)-(4)-(5) in this case). So we could easily mean-revert back to $100 from here as a correction of the burgeoning Wave C downtrend.