JustAnotherSheep
|
|
January 26, 2015, 11:12:32 PM |
|
Hmmh, the drop looks to have impulse structure, at least on Bitstamp. I could of course be wrong (and thus get bear trapped ), but imo this movement doesn't seem very corrective at all.
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
January 26, 2015, 11:12:37 PM |
|
Aaaaand four hours of low volume melt-up wiped out.
4 hours? It was at $260 4 hours ago. This dip barely touched $270. Feeling bearish today? Yes, for today. Tomorrow is another story.
|
|
|
|
mrkavasaki
|
|
January 26, 2015, 11:14:36 PM |
|
i will bet my eggs on it that we will see the $400 at least this week
|
|
|
|
Morecoin Freeman
|
|
January 26, 2015, 11:15:31 PM |
|
i will bet my eggs on it that we will see the $400 at least this week
Bet for 1 bitcoin? I'm sure we will not. If you win this bet you will earn way more than if you lose because of btc prices in that case.
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
January 26, 2015, 11:19:21 PM |
|
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. careful it is a3day chart by the look of it and the three days has not completed yet
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4060
Merit: 4651
You're never too old to think young.
|
|
January 26, 2015, 11:20:24 PM |
|
Aaaaand four hours of low volume melt-up wiped out.
4 hours? It was at $260 4 hours ago. This dip barely touched $270. Feeling bearish today? Yes, for today. Tomorrow is another story. Understandable. I think we all knew there would be a profit-taking/retracement/beartrap/correction today after last night's shenanigans. It's just a matter of how far. I'll stick with my call from last night (and reaffirmed this morning) and say that if we finish over $260 I'll consider the day to be a success.
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
January 26, 2015, 11:23:39 PM |
|
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. careful it is a3day chart by the look of it and the three days has not completed yet The circle (ok elipse) on the left should be one peak farther left. This snapshot conveniently misses the volume. The volume of the crash to $275 followed by a lower volume peak, a lower volume dip and then the short squeeze. We've had the crash and the low volume peak on this cycle but not the high volume short squeeze (yet).
|
|
|
|
Afrikoin
Legendary
Offline
Activity: 1540
Merit: 1003
alan watts is all you need
|
|
January 26, 2015, 11:31:00 PM |
|
Hmmh, the drop looks to have impulse structure, at least on Bitstamp. I could of course be wrong (and thus get bear trapped ), but imo this movement doesn't seem very corrective at all. i see it now
|
|
|
|
franckuestein
Legendary
Offline
Activity: 1960
Merit: 1130
Truth will out!
|
|
January 26, 2015, 11:52:56 PM |
|
i will bet my eggs on it that we will see the $400 at least this week
Let's quote this and see where price goes by the end of the week Hope you're right! haha
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
|
|
January 26, 2015, 11:54:05 PM |
|
I knew I should have sold and bought back lower. That pump was mental!
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3584
Merit: 9872
#1 VIP Crypto Casino
|
|
January 26, 2015, 11:54:59 PM |
|
So prepare for a slow grind down with a new low sometime in 2 to 3 weeks?
Should probably remove your begging bowl (sig) if BTC is such a joke
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
|
|
January 26, 2015, 11:57:30 PM |
|
Aaaaand four hours of low volume melt-up wiped out.
4 hours? It was at $260 4 hours ago. This dip barely touched $270. Feeling bearish today? Yes, for today. Tomorrow is another story. Understandable. I think we all knew there would be a profit-taking/retracement/beartrap/correction today after last night's shenanigans. It's just a matter of how far. I'll stick with my call from last night (and reaffirmed this morning) and say that if we finish over $260 I'll consider the day to be a success. Did you trade that pump dude?
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
January 26, 2015, 11:58:04 PM |
|
What's going in on bitfinex?
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
January 26, 2015, 11:59:55 PM |
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
January 27, 2015, 12:02:55 AM |
|
We're still over $20 up on finex. If the price moves like this every day for a couple of months I might upgrade my ride. https://www.youtube.com/watch?v=kMFJBd40Awo
|
|
|
|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
|
January 27, 2015, 12:05:51 AM |
|
i will bet my eggs on it that we will see the $400 at least this week
I will bet you 1 BTC for that .I am sure your nuts are worth more than that . IF not BTC, then you can escrow your nut s too.
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4060
Merit: 4651
You're never too old to think young.
|
|
January 27, 2015, 12:08:06 AM |
|
A very interesting day finally completed (UTC) and a good one Lots of ups and downs for the traders and a good gain for the holders.
|
|
|
|
findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
|
|
January 27, 2015, 12:10:20 AM |
|
Was a bit confused, fucked up some little trades, but glad the pump came at last. Prepare for moon (which we were promised)
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
January 27, 2015, 12:11:08 AM |
|
A very interesting day finally completed (UTC) and a good one Lots of ups and downs for the traders and a good gain for the holders. Looks like we're going up.
|
|
|
|
DaRude
Legendary
Offline
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
|
|
January 27, 2015, 12:13:28 AM |
|
I can't help but question the mentality of people who are selling under $300. Essentially BTC just got an official approval from US. Kinda hard to claim that an asset is a ponzi or a pyramid when it's licensed, trading in NY, and backed by NY stock exchange
|
|
|
|
|