|
8up
|
 |
March 09, 2015, 05:47:33 PM |
|
To be honest, I hope we won't see a rally.
A slow and steady rise from here would be very bullish.
I hope this, too. IMO a slow rising price provides the most pain to the market atm, as both, bears and bulls stay uncertain about the possible outcome. |
|
|
|
|
Kupsi
Legendary
 Offline
Activity: 1193
Merit: 1053
9.9.2012: I predict that single digits... <- FAIL
|
|
March 09, 2015, 05:49:20 PM |
|
ooh, $294 gonna fall tonight?
Certainly looks that way. Lots of nice bids piling up on BFX. Shorts closing though, so anything too spectacular is bound to collapse back down, at least temporarily. Long term downtrend breakout on Kraken BTC/EUR 1m.  Had to look this up. It's true. QE in the Eurozone might be a driver for rising bitcoin prices. Small exchanges do random things all the time. There is no significance if they break an uptrend or downtrend before any of the real exchanges. Not to say they all wont. But who cares about Kraken? It's not a random thing. The price is lower than on Bitstamp. It still doesn't matter what an exchange that small does. It wouldn't matter if someone dumped down to $10 on Kraken. They mean nothing. It's the USD/Euro exchange rate that makes this happen now. Not that Kraken is a small exchange. |
|
|
|
|
empowering
Legendary
Offline
Activity: 1092
Merit: 1442
|
|
March 09, 2015, 05:49:31 PM |
|
|
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
March 09, 2015, 05:51:21 PM |
|
ooh, $294 gonna fall tonight?
Certainly looks that way. Lots of nice bids piling up on BFX. Shorts closing though, so anything too spectacular is bound to collapse back down, at least temporarily. Long term downtrend breakout on Kraken BTC/EUR 1m. Had to look this up. It's true. QE in the Eurozone might be a driver for rising bitcoin prices. Small exchanges do random things all the time. There is no significance if they break an uptrend or downtrend before any of the real exchanges. Not to say they all wont. But who cares about Kraken? It's not a random thing. The price is lower than on Bitstamp. It still doesn't matter what an exchange that small does. It wouldn't matter if someone dumped down to $10 on Kraken. They mean nothing. It's the USD/Euro exchange rate that makes this happen now. Not that Kraken is a small exchange. Oh, so you're saying it's because of the dollar. But what do you think that means in terms of bitcoin? To be honest, I hope we won't see a rally.
A slow and steady rise from here would be very bullish.
I hope this, too. IMO a slow rising price provides the most pain to the market atm, as both, bears and bulls are stay uncertain about the possible outcome. This. When the price moves too quick, shorts and longs fuel the rise/drop. So if this were to go to $300 you know the shorts will be around 13k or less. What happens then? More shorts open. Price falls again. If it goes up slowly, shorts will close and new ones will open, longs will open and others will close. Sustainable. |
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
March 09, 2015, 05:51:38 PM |
|
already 288 wow...  no wonder NLC and friend did not show up... |
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4690
Merit: 6169
You're never too old to think young.
|
|
March 09, 2015, 05:54:09 PM |
|
BitcoinWisdom needs to get rid of Cavirtex, it's an eye sore in the beautiful wall of green
Glad I got my coins out of there a week or 2 ago. I don't see why anyone is selling at those prices, well below world market prices. If anything, I'd be spending every last penny buying coins to withdraw. If Cavirtex still allowed deposits this would be a great arbitrage opportunity. Maybe some people are worried about being Goxxed and don't realize that Bitcoin withdrawals are proceeding just fine. |
|
|
|
|
Kupsi
Legendary
Offline
Activity: 1193
Merit: 1053
9.9.2012: I predict that single digits... <- FAIL
|
|
March 09, 2015, 05:56:42 PM |
|
Oh, so you're saying it's because of the dollar. But what do you think that means in terms of bitcoin?
I'm saying it's happening on Kraken because of the weak euro. I don't think it says much about bitcoin. (But higher bitcoin prices in USD on the other exchanges is positive for bitcoin.) |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2884
Merit: 2483
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
March 09, 2015, 05:59:17 PM |
|
|
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
March 09, 2015, 05:59:44 PM |
|
Oh, so you're saying it's because of the dollar. But what do you think that means in terms of bitcoin?
I'm saying it's happening on Kraken because of the weak euro. I don't think it says much about bitcoin. (But higher bitcoin prices in USD on the other exchanges is positive for bitcoin.) Ah, sorry, I misunderstood. So far so good for the rise. Bids arent being retracted to market order, instead theyre up nearly 1/4th on BFX since the rise started. Very nice! Only 2k of shorts closed, too, so that's good. Huobi looks overbought though. Generally when they are so one-sided it's gonna end up moving the unexpected direction.  |
|
|
|
|
Kupsi
Legendary
Offline
Activity: 1193
Merit: 1053
9.9.2012: I predict that single digits... <- FAIL
|
|
March 09, 2015, 06:00:56 PM |
|
Ah, sorry, I misunderstood.
No problem  |
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
March 09, 2015, 06:11:41 PM |
|
Took 33% profit
Will buy back in if it drops
|
|
|
|
|
Tzupy
Legendary
Offline
Activity: 2338
Merit: 1104
|
|
March 09, 2015, 06:12:44 PM |
|
To be honest, I hope we won't see a rally.
A slow and steady rise from here would be very bullish.
Slow and steady not possible. Either goes parabolic another ~50$ and crashes, or runs of of steam and crashes. |
|
|
|
|
|
KryptoFoo
|
|
March 09, 2015, 06:20:07 PM |
|
buy pressure seems to be abating. opened a small short with a tight stop.
|
|
|
|
|
|
|
|
avw1982
|
|
March 09, 2015, 06:31:02 PM |
|
Who said there would be a dump today ??
|
|
|
|
|
|
bad trader
|
|
March 09, 2015, 06:34:29 PM |
|
buy pressure seems to be abating. opened a small short with a tight stop. OKCoin stopped below the 1797.1 CNY top and Bitfinex stopped below the 291 USD trend line, but this could well develop into a bull flag and we could see another jump later. |
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4690
Merit: 6169
You're never too old to think young.
|
|
March 09, 2015, 06:35:32 PM |
|
Who said there would be a dump today ??
Many trollbears. |
|
|
|
|
|
KryptoFoo
|
|
March 09, 2015, 06:36:20 PM |
|
buy pressure seems to be abating. opened a small short with a tight stop. OKCoin stopped below the 1797.1 CNY top and Bitfinex stopped below the 291 USD trend line, but this could well develop into a bull flag and we could see another jump later. Yeah that seems possible, watching closely! |
|
|
|
|
|
bassclef
|
|
March 09, 2015, 06:39:27 PM |
|
On the Finex 1h chart there is not much selling into this little rally, just longs closing and taking profit. I'm sitting on 20% but will wait and see what happens as we approach $300. A "slow and steady" pump into a market exhausted of selling is definitely more sustainable than a "super crazy parabolic pump" In this type of market if we don't get pushed down, there's only one direction to go. |
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
March 09, 2015, 06:43:23 PM |
|
To be honest, I hope we won't see a rally.
A slow and steady rise from here would be very bullish.
Slow and steady not possible. Either goes parabolic another ~50$ and crashes, or runs of of steam and crashes. So no matter what happens it will crash? Bitcoin can do anything it wants to. I agree slow and steady is unlikely, but parabolic $50 and crash or stagnation and then crash are definitely not the only two options. We could keep stair stepping upwards for quite a while longer, with some consolidation periods and retracements in between. |
|
|
|
|
|
Poll
