windjc
Legendary
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Activity: 2156
Merit: 1070
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December 27, 2013, 08:18:15 AM |
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Right now the market wants to go up. The market hates being anthropomorphized. Apparently. For a few hours. |
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CoinDox
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December 27, 2013, 08:18:31 AM |
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Right now the market wants to go up. Just deal with it. ATHs are much more likely before <380.
How much more likely?  53.7% NO YOU ARE WRONG - %53.6  |
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TERA
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December 27, 2013, 08:21:31 AM |
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It's been a rough day hodling. I spent all those other days not hodling through half the rises and finally now that I hodl it does this.
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gandhibt
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December 27, 2013, 08:23:13 AM |
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Right now the market wants to go up. Just deal with it. ATHs are much more likely before <380.
How much more likely? 53.7% NO YOU ARE WRONG - %53.6 does that mean 50% * 1.536 = 76.8% ? |
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CoinDox
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December 27, 2013, 08:27:31 AM |
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Right now the market wants to go up. Just deal with it. ATHs are much more likely before <380.
How much more likely? 53.7% NO YOU ARE WRONG - %53.6 does that mean 50% * 1.536 = 76.8% ?  |
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gandhibt
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December 27, 2013, 08:30:19 AM |
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that bid wall at 700-710 is not going to give this fight easily at stamp
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TERA
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December 27, 2013, 08:33:22 AM |
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Every time I neglect some technical and miss out on a great trading opportunity it's because something happened with China and I get all goo goo gaa gaa euphoria or fear about CHINA and disregard the charts.
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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December 27, 2013, 08:35:30 AM |
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Right now the market wants to go up. Just deal with it. ATHs are much more likely before <380.
How much more likely? Rpietila , Whats your insight for early 2014? |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 27, 2013, 08:57:44 AM |
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Every time I neglect some technical and miss out on a great trading opportunity it's because something happened with China and I get all goo goo gaa gaa euphoria or fear about CHINA and disregard the charts.
What did you miss out on exactly? Selling at $750 and buying back at $705? Don't be so hard on yourself. |
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TERA
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December 27, 2013, 08:58:22 AM |
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Every time I neglect some technical and miss out on a great trading opportunity it's because something happened with China and I get all goo goo gaa gaa euphoria or fear about CHINA and disregard the charts.
What did you miss out on exactly? Selling at $750 and buying back at $705? Don't be so hard on yourself. ya.. I also missed buying at 380. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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December 27, 2013, 08:59:44 AM |
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It's been a rough day hodling. I spent all those other days not hodling through half the rises and finally now that I hodl it does this.
If sometimes you spend days "not hodling", you aren't a hodler. Quit trying to predict the short term fluctuations, it's bad for your wallet.dat. |
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rezurect
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December 27, 2013, 09:00:21 AM |
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that bid wall at 700-710 is not going to give this fight easily at stamp
Wall's Flal.. |
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CoinDox
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December 27, 2013, 09:04:21 AM |
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China is back to their old game...
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niothor
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December 27, 2013, 09:09:14 AM |
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Off to the races...
Bet 1 BTC on Sprinter Sacre , it's safer than trading )) |
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DaRude
Legendary
Offline
Activity: 2780
Merit: 1791
In order to dump coins one must have coins
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December 27, 2013, 09:14:54 AM |
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Right now the market wants to go up. Just deal with it. ATHs are much more likely before <380.
How much more likely? Rpietila , Whats your insight for early 2014? Let me take a stab at it. All gloom with a sprinkle of doom, 300ish or maybe 200 or maybe double/single digits |
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flynn
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December 27, 2013, 09:29:39 AM |
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If sometimes you spend days "not hodling", you aren't a hodler.
Quit trying to predict the short term fluctuations, it's bad for your wallet.dat.
+1 trading a too volatile market is suicidal. You can play markets where the trending vs trading periods can be well recognized, which is clearly not the case in day trading. On the weekly scale, it's clearly a strong bullish trend :  |
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Davyd05
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December 27, 2013, 09:51:33 AM |
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and were re visiting 800 zone on gox
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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December 27, 2013, 10:09:53 AM |
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Rpietila , Whats your insight for early 2014?
According to the trendline model, we should reach the ATH earliest May, and before that have a consolidation in 500 area, with possibly 1-2 dips below that. The trendline is the sum total of all news, etc. so it will most likely continue to be valid this year as it has all the previous years. SlipperySlope's logistic model has actually a less steep trendline because it is based on MtGox data only whereas I have all of it since 2009. Due to several risks (most of it related to exchanges) I advocate keeping 50% of your (liquid) net worth in paper wallets. The rest should be mostly in fiat in this kind of condition where we are in a bear market following the bubble top, and the trendline does not allow a further uptrend just yet. If you recall the April bubble and its aftermath, there was a high consolidation in 130 area which lasted for several weeks before the final capitulation. I don't believe we can stay at 750 and continue going up from here. |
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Parazyd
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December 27, 2013, 10:14:09 AM |
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It's not a bubble. The "crashes" are the train stopping and refilling  |
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F-bernanke
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December 27, 2013, 10:18:10 AM |
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Rpietila , Whats your insight for early 2014?
According to the trendline model, we should reach the ATH earliest May, and before that have a consolidation in 500 area, with possibly 1-2 dips below that. The trendline is the sum total of all news, etc. so it will most likely continue to be valid this year as it has all the previous years. SlipperySlope's logistic model has actually a less steep trendline because it is based on MtGox data only whereas I have all of it since 2009. Due to several risks (most of it related to exchanges) I advocate keeping 50% of your (liquid) net worth in paper wallets. The rest should be mostly in fiat in this kind of condition where we are in a bear market following the bubble top, and the trendline does not allow a further uptrend just yet. If you recall the April bubble and its aftermath, there was a high consolidation in 130 area which lasted for several weeks before the final capitulation. I don't believe we can stay at 750 and continue going up from here. Thanks for your insights. Much appreciated. Do you feel news event's don't effect the underlying trendline? |
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