N12
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July 05, 2013, 08:43:27 PM |
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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
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July 05, 2013, 08:45:43 PM |
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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.
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N12
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July 05, 2013, 08:50:50 PM |
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It's definitely not the worst play considering historical charts, good success to you guys in extracting some delicious dollars. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Wekkel
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yes
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July 05, 2013, 09:04:37 PM |
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It's definitely not the worst play considering historical charts, good success to you guys in extracting some delicious dollars. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Actually, my play in the end is accumulating more Bitcoins.
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Dalib
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July 05, 2013, 09:28:17 PM |
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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.
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ElectricMucus
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July 05, 2013, 09:33:26 PM |
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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.
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Dalib
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July 05, 2013, 09:44:35 PM Last edit: July 05, 2013, 10:03:27 PM by Dalib |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) SMA and EMA can't work as support line. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FjkrEKP93%2F&t=665&c=-t-cJCMFMhBwBA) Therefore 55-49 will be very important (4.77M USD in demands now).
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N12
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July 05, 2013, 09:47:45 PM |
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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.
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Dalib
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July 05, 2013, 09:52:07 PM |
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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 ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) ). ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi43.tinypic.com%2F5e8sv4.png&t=665&c=4MXgMVThfU15Fg)
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RyNinDaCleM
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July 05, 2013, 10:09:51 PM |
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A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
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Dalib
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July 05, 2013, 10:22:32 PM |
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A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
+1 makes sense
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molecular
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July 06, 2013, 08:32:56 AM |
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Short buy everything below $70.
Daily sma 200 should rebound.
Conflicting_arguments_brain_hurts ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) short the USD
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molecular
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July 06, 2013, 08:33:39 AM |
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A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
Zhou is in the biz again doing coinjar.io
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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BrightAnarchist
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July 06, 2013, 02:38:59 PM |
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Short buy everything below $70.
Daily sma 200 should rebound.
Conflicting_arguments_brain_hurts ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) short the USD I think he means short-term buy, as in f( timeframe, direction ) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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lucif (OP)
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July 06, 2013, 08:53:14 PM |
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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.
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Frozenlock
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July 06, 2013, 10:04:46 PM |
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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. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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damnek
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July 06, 2013, 10:56:25 PM |
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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.
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samson
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July 06, 2013, 11:02:46 PM |
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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.
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damnek
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July 06, 2013, 11:28:38 PM |
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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..
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BrightAnarchist
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July 08, 2013, 12:07:11 AM |
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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.
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