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Morecoin Freeman
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January 26, 2015, 10:03:49 PM |
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Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100
DOOM. Yea but plenty of room for exit strategy as for now. I would not wait too long though since it is 6 am in China as we speak. To be continued... |
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dakota neat
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January 26, 2015, 10:04:45 PM |
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Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100
DOOM. Yea but plenty of room for exit strategy as for now. I would not wait too long though since it is 6 am in China as we speak. To be continued... China bought the fuck out of bitcoin last night. |
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billyjoeallen
Legendary
 Offline
Activity: 1106
Merit: 1007
Hide your women
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January 26, 2015, 10:05:58 PM |
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That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...
Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading. Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money. How low will it go? Anyone besides me have any fiat powder left? Not enough to change the tide, enough to help my stash, though - a few thousand $ - not nearly market changing. A whale or two spotting a soft target easily makes everyone (posting) here pretty irrelevant. Be nice if Coinbase beefs up the market - but it looks way off yet, and may only mean money moving from (say) Stamp. New participating fiat would be very nice, but a rally will bring it in, not Coinbase. True enough. I'm in a similar position. The only reason I'm margin short right now is so that I'll have the ability to buy more when and if it drops, but that means no sleep tonight. No fucking way I'm sleeping margin short. There could easily be surprises in either direction, but the downside looks much more likely. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 26, 2015, 10:07:53 PM |
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Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100
DOOM. Yea but plenty of room for exit strategy as for now. I would not wait too long though since it is 6 am in China as we speak. To be continued... China bought the fuck out of bitcoin last night. China no longer leads the market. They just follow the crowd. what they do is give momentum to whatever direction the market is going. They are cattle and the real battle is between the rustlers and the cowboys. |
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magicmexican
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January 26, 2015, 10:16:00 PM |
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Could it finally be a legit beartrap or not? Starting to believe that they are ceased to exist in the btc market.
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 26, 2015, 10:18:21 PM |
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Wish me luck fellas!
Did something most of you didn't !
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kurious
Legendary
Offline
Activity: 2618
Merit: 1749
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January 26, 2015, 10:25:11 PM |
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That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...
Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading. Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money. How low will it go? Anyone besides me have any fiat powder left? Not enough to change the tide, enough to help my stash, though - a few thousand $ - not nearly market changing. A whale or two spotting a soft target easily makes everyone (posting) here pretty irrelevant. Be nice if Coinbase beefs up the market - but it looks way off yet, and may only mean money moving from (say) Stamp. New participating fiat would be very nice, but a rally will bring it in, not Coinbase. True enough. I'm in a similar position. The only reason I'm margin short right now is so that I'll have the ability to buy more when and if it drops, but that means no sleep tonight. No fucking way I'm sleeping margin short. There could easily be surprises in either direction, but the downside looks much more likely. Fortunately I am on GMT, so I won't lose a lot of sleep waiting a few hours. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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January 26, 2015, 10:26:08 PM |
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True enough. I'm in a similar position. The only reason I'm margin short right now is so that I'll have the ability to buy more when and if it drops, but that means no sleep tonight. No fucking way I'm sleeping margin short. There could easily be surprises in either direction, but the downside looks much more likely.
you wtf?! BJA ... how far have you fallen kid? |
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Afrikoin
Legendary
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Activity: 1540
Merit: 1003
alan watts is all you need
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January 26, 2015, 10:28:12 PM |
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that only applies if we didn't experience a final bottom. your chart assumes its a bear market always. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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January 26, 2015, 10:32:24 PM |
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 25% up today? Is that possible? |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 26, 2015, 10:36:57 PM |
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True enough. I'm in a similar position. The only reason I'm margin short right now is so that I'll have the ability to buy more when and if it drops, but that means no sleep tonight. No fucking way I'm sleeping margin short. There could easily be surprises in either direction, but the downside looks much more likely.
you wtf?! BJA ... how far have you fallen kid? Hey, you know I'm always net long (if you count cold storage), but I need ammo to defend the bottom. I don't think it's an organic market, so I'm trying to take a little power away from the people that control it. We're seeing some volume here and I'm getting a little nervous. There will be a short squeeze sometime this month and I'm not gonna be short when it happens. I got my finger on the trigger to close my position if it gets close to my base price, but we're some distance from that. |
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JimboToronto
Legendary
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Activity: 4494
Merit: 5813
You're never too old to think young.
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January 26, 2015, 10:37:16 PM |
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Wish me luck fellas!
Did something most of you didn't !
What's that? |
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gentlemand
Legendary
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Activity: 2604
Merit: 3089
Welt Am Draht
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January 26, 2015, 10:39:07 PM |
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Wish me luck fellas!
Did something most of you didn't !
What's that? Went outside for some fresh air? |
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coins101
Legendary
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Activity: 1456
Merit: 1001
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January 26, 2015, 10:42:22 PM
Last edit: January 27, 2015, 12:27:58 AM by coins101 |
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spooderman is going to post something profound shortly.
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 26, 2015, 10:42:53 PM |
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That only applies if we didn't experience a final bottom. your chart assumes its a bear market always. That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first. Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support. |
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TankHankerous
Jr. Member
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Activity: 55
Merit: 1
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January 26, 2015, 10:43:19 PM |
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the bitcoin song gave me douchechills
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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January 26, 2015, 10:46:57 PM |
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Morecoin Freeman
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January 26, 2015, 10:49:38 PM |
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That only applies if we didn't experience a final bottom. your chart assumes its a bear market always. That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first. Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support. I'm not even sure what pattern it is supposed to be but it looks really the same! Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt. |
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