egghead123
Legendary
 Offline
Activity: 1330
Merit: 1000
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December 30, 2016, 10:55:01 AM |
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Regular RSI at baseline  also neural RSI below backs it up  |
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orpington
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December 30, 2016, 10:58:15 AM |
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Regular RSI at baseline also neural RSI below backs it up Could the RSI be lying to us? |
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egghead123
Legendary
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Activity: 1330
Merit: 1000
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December 30, 2016, 11:12:44 AM |
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RSI is only showing market is oversold using the data it has but this is bitcoin and much of that data is unreliable due to the sometimes irrational nature of the market.
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kurious
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Activity: 2590
Merit: 1643
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December 30, 2016, 11:35:50 AM |
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Is the fact that this is the last trading work day of the year a factor?
Do some accounts need settling, is it a good time to take profit and not hold over to 2017?
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Cassius
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Activity: 1764
Merit: 1031
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December 30, 2016, 11:58:09 AM |
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Is the fact that this is the last trading work day of the year a factor?
Do some accounts need settling, is it a good time to take profit and not hold over to 2017?
Actually, are there tax implications in the US? I vaguely remember that being a thing for the end of the calendar year. |
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DARKHOLDER
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December 30, 2016, 01:01:20 PM |
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Winter is coming  |
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Soros Shorts
Donator
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Activity: 1617
Merit: 1012
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December 30, 2016, 01:25:51 PM |
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Is the fact that this is the last trading work day of the year a factor?
Do some accounts need settling, is it a good time to take profit and not hold over to 2017?
Actually, are there tax implications in the US? I vaguely remember that being a thing for the end of the calendar year. Only if you want to take your profits in 2016 and pay taxes on those by April 15 2017. |
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egghead123
Legendary
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Activity: 1330
Merit: 1000
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December 30, 2016, 01:27:38 PM |
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SnokkomBTC
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December 30, 2016, 02:59:04 PM |
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Zoom out and see real H&S forming, this is going to get ugly.
Which time interval? |
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Paashaas
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Activity: 3463
Merit: 4429
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December 30, 2016, 03:27:58 PM |
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^Zoom out even more, correction is over. Maybe testing $930 again but thats it.
Bitcoin is gearing up for next upswing.
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ImI
Legendary
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Activity: 1946
Merit: 1019
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December 30, 2016, 03:37:13 PM |
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Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.
Comments like this signify that you should go short with 100x leverage asap. How's that short going?  |
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SnokkomBTC
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December 30, 2016, 03:55:00 PM |
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Zoom out and see real H&S forming, this is going to get ugly.
Which time interval? 4-6h looks more like an healthy correction |
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criptix
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Activity: 2464
Merit: 1145
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December 30, 2016, 04:36:40 PM |
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AGW denier! I didnt sell btw... greed was too strong. And then it dropped to 940 :/ |
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Denker
Legendary
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Activity: 1442
Merit: 1016
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December 30, 2016, 04:39:27 PM |
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Zoom out and see real H&S forming, this is going to get ugly.
Which time interval? 4-6h looks more like an healthy correction I agree! This misinterpretation often happens when people forget to include larger time scales which most of the time dominate the smaller ones! And when you look at daily or weekly I can not see why this bull run should end now. The correction might not be over, but imo we will continue moving up some more percent when this is finished. |
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savetherainforest
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December 30, 2016, 05:30:51 PM |
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AGW denier! I didnt sell btw... greed was too strong. And then it dropped to 940 :/ I'm not really an AGW denie.. but I'm talking about the next 15-20 years. Because "global warming" is not something that happens "now".. But it will actually take place more drastically in 2065-2090 .. because the climate is oscillating, exactly like how the market goes.. Up and Down! And it keep repeating the same thing over and over. But it will last till 2300 if we don't do anything, and probably till 2150 because in 2095-2105 we will start doing something. Cuz you know.. when we had similar oscillations it was during the Roman Empire or The Pyramids, but then the word didn't had 7 billion demons that consume, consume, consume! ... that keep cutting trees like hillbillies! It is just not sustainable. Because Everyone wants furniture & sh!t. So we will probably have to suffer some kind of war to get rid of the 7 billion vermin that is a plague for this planet for now. |
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Torque
Legendary
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Activity: 3598
Merit: 5079
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December 30, 2016, 05:37:42 PM |
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Lulz at all the silly trading charts that suddenly come out of the woods during a price rise.  And funny that they completely vanished "Poof!" during all of 2014-15. What, you're amazing technicals didn't work then for some reason? You troll traders aren't fooling anyone that's been around. |
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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December 30, 2016, 05:46:50 PM |
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Zoom out and see real H&S forming, this is going to get ugly.
Which time interval? 4-6h /img] In order for this h+s pattern to even be considered started, the price needs to approach the neckline at ~$860. The correction from $983 was due to drop to the $930 range, which it did. Bear party over now, time to rise again. |
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gembitz
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December 30, 2016, 05:48:41 PM |
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gembitz
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December 30, 2016, 05:59:53 PM |
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Lulz at all the silly trading charts that suddenly come out of the woods during a price rise. And funny that they completely vanished "Poof!" during all of 2014-15. What, you're amazing technicals didn't work then for some reason? You troll traders aren't fooling anyone that's been around.  " The secret to doing anything is believing that you can do it. Anything that you believe you can do strong enough, you can do. Anything As long as you believe " |
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