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SnokkomBTC
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November 07, 2015, 03:36:03 PM |
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This part coming up is fun on a rollercoaster. Not much fun for bag holders.
You mean fiat holders?  nope , we're going down  |
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MatTheCat
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November 07, 2015, 03:36:36 PM |
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MACD is nothing else then a lagging indicator... It's the same as looking at the chart and say "Oh wow it goes up!" ... It's just visualized for the blind trader...
Yes, and looking at both the 4Hr MACD, and the Price Action, we can see huge bullish negative divergence. That to me suggests a test of the 61.8% correction retracement zone, so at least around the $450 zone.... True, Bitcoin has had a massive rise, but also an almighty correction, that took it down to levels just above the support zone in the lower $300s. From the break out from $335 past resitance point, Bitcoin is still down around 75% of the total gains that it made, I think it would be foolish to think that it isn't set to test much higher resitance levels towards the next break out zone at $500. |
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Tzupy
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Activity: 2170
Merit: 1094
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November 07, 2015, 03:37:15 PM |
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China didn't want to go down for a while, but now catches up.  |
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Gyrsur
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Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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November 07, 2015, 03:40:11 PM |
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r0ach
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Activity: 1260
Merit: 1000
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November 07, 2015, 03:41:17 PM |
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Would need to go below 360 to break the uptrend. I doubt it will. Anything between 375 and 415 looks normal to me over the next week or two.
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ssmc2
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Merit: 1040
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November 07, 2015, 03:55:37 PM |
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600-700 coming next week, bears. You ready?
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ynef
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November 07, 2015, 03:57:12 PM |
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Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.
If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.
It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast. |
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ChartBuddy
Legendary
 Online
Activity: 2366
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 07, 2015, 04:02:25 PM |
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phishead
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November 07, 2015, 04:05:47 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
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peonminer
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November 07, 2015, 04:06:24 PM |
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Shea bleeda likea good pizza piea  |
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r0ach
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Activity: 1260
Merit: 1000
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November 07, 2015, 04:08:09 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
Better question is, when, if ever, is the China/US $15-20 spread going to end. |
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TReano
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November 07, 2015, 04:08:50 PM |
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Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.
If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.
It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast. the clearer a trend becomes the more likely it gets that the trend will end... If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade. |
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r0ach
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Activity: 1260
Merit: 1000
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November 07, 2015, 04:10:34 PM |
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the clearer a trend becomes the more likely it gets that the trend will end...
If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade.
I think your statement has been invalidated by both BTC and LTC halvings. |
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podyx
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November 07, 2015, 04:12:19 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
I remember I said consolidation above $380 would be incredible when we first hit it. Well, we hit $500 and now consolidating above $380 We goin up playa. |
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natewelt
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November 07, 2015, 04:15:03 PM |
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Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.
If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.
It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast.
the clearer a trend becomes the more likely it gets that the trend will end...If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade. I disagree, but that's what makes a market. I do buy high sell higher rather than buy low sell high and it's worked for me for years. The more simple your strategy and the lower number of trades you make the more money you make IMO. |
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r0ach
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Activity: 1260
Merit: 1000
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November 07, 2015, 04:21:46 PM |
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Watching China, appears to be a Chinaman that shorted and then put up big sell walls to try and make his short work.
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Tstar
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Merit: 1005
Decentralized Asset Management Platform
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November 07, 2015, 04:23:09 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
Better question is, when, if ever, is the China/US $15-20 spread going to end. I'm asking this since the dump stopped. Why is there so much difference? And yes is it going to last or not? I don't like to know there's too much spread between China and USa/EU. That's not healthy |
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noobtrader
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Activity: 1456
Merit: 1000
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November 07, 2015, 04:24:16 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
the price will be stagnant until next incredible news and/or halving. |
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Tstar
Legendary
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Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
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November 07, 2015, 04:27:09 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
the price will be stagnant until next incredible news and/or halving. Good thing is that we know there are a lot of money that go to bitcoin trading when there's a good time. These are time accumulate some by playing sideways. |
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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November 07, 2015, 04:27:47 PM |
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Are we still in bull trap mode? Or what do you think the next general trend is?
Better question is, when, if ever, is the China/US $15-20 spread going to end. I'm asking this since the dump stopped. Why is there so much difference? And yes is it going to last or not? I don't like to know there's too much spread between China and USa/EU. That's not healthy Maybe it's part of the new norm. As certain nations get in more economic trouble, maybe BTC will always carry a price premium in some places. If a large economy such as Russia collapsed for instance, what do you imagine the BTC price premium over America would be? Anybody know what the premium is for BTC in Venezuela right now? People seem to think it's normal and perfectly ok for Venezuela to have a price premium but think it's strange for China to. |
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