bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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March 19, 2018, 02:47:22 PM |
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Back where we were before the weekend. Last 2 days = wiped from my memory. Continue as before please.
Really, I was preparing to even coldwallet my trading coins and just move to other things for a very long time as I did in 2014. What's keeping you from doing exactly that? If it weren't for my trading coins I wouldn't have increased my stash even on this last downtrend. But when your total stash is getting so severely banged (in fiat terms) that the increase (in coins) feel so minuscule in comparison... well... then it's time to hodl and move to other things to able to not think about it. At least for me.
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jojo69
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Activity: 3290
Merit: 4534
diamond-handed zealot
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March 19, 2018, 02:47:23 PM |
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wow
ether's done innit?
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Cassius
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Activity: 1764
Merit: 1031
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March 19, 2018, 02:49:17 PM |
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There's some talk of a looming Death Cross (50/200 daily MA crossover) from 'pro' analysts. If there's manipulation afoot it's probably to avoid that, which would happen above around $9k in the coming week.
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bitserve
Legendary
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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March 19, 2018, 02:51:34 PM |
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There's some talk of a looming Death Cross (50/200 daily MA crossover) from 'pro' analysts. If there's manipulation afoot it's probably to avoid that, which would happen above around $9k in the coming week.
Yup. It was about to happen at the end of this week... right now, with a little more pump it will be avoid or could even look as a bounce on it. Donno if it is "manipulation" or pure market dynamics... but it's refreshing at this time. P.S.: Also, many times a death cross is followed by an inmediate golden cross, especially when the cross happens so near to the "bottom". ANyway... fuck TA.
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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wow
ether's done innit?
No offence to it's fans. Boy I sure hope so. So many thing about that project are bad ideas. And Layer 2 on BTC is going to crush it.
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Biodom
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Activity: 3892
Merit: 4332
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March 19, 2018, 02:54:37 PM |
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wow
ether's done innit?
what are you talking about? flash crash on Kraken?
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Cassius
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Activity: 1764
Merit: 1031
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March 19, 2018, 02:58:33 PM |
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There's some talk of a looming Death Cross (50/200 daily MA crossover) from 'pro' analysts. If there's manipulation afoot it's probably to avoid that, which would happen above around $9k in the coming week.
Yup. It was about to happen at the end of this week... right now, with a little more pump it will be avoid or could even look as a bounce on it. Donno if it is "manipulation" or pure market dynamics... but it's refreshing at this time. P.S.: Also, many times a death cross is followed by an inmediate golden cross, especially when the cross happens so near to the "bottom". ANyway... fuck TA. I don't rate it as an indicator, especially at this point in the crypto market cycle. But it's not a little suspicious that as that TA hits the news, a mystery pump pushes it towards the safety zone.
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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March 19, 2018, 03:09:52 PM |
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Back where we were before the weekend. Last 2 days = wiped from my memory. Continue as before please.
Really, I was preparing to even coldwallet my trading coins and just move to other things for a very long time as I did in 2014. What's keeping you from doing exactly that? Addiction to bitcointalk.org?
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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March 19, 2018, 03:18:10 PM |
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oh yeah that reminds me. bcash lol pump week whoa all the other shitcoins up a lot too. 40% for many
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SidETH
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Activity: 116
Merit: 20
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March 19, 2018, 03:20:15 PM |
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oh yeah that reminds me. bcash lol pump week Hope so. Then I will sell the shit out of all those coins and buy more btc. Never sold any since the fork.
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El duderino_
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Activity: 2646
Merit: 12954
BTC + Crossfit, living life.
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March 19, 2018, 03:21:41 PM |
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Monday pump
allways love it green green green gogogogo
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Biodom
Legendary
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Activity: 3892
Merit: 4332
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March 19, 2018, 03:24:40 PM |
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maybe btc is different, but pumps like this are typical for bear markets. bull usually does not involve 20-30% day gains (apart from blowoff tops). we shall see.
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jojo69
Legendary
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Activity: 3290
Merit: 4534
diamond-handed zealot
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March 19, 2018, 03:25:06 PM |
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wow
ether's done innit?
No offence to it's fans. Boy I sure hope so. So many thing about that project are bad ideas. And Layer 2 on BTC is going to crush it. I get all that, but that leaves us...ripple...as #2...
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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March 19, 2018, 03:26:12 PM |
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wow
ether's done innit?
No offence to it's fans. Boy I sure hope so. So many thing about that project are bad ideas. And Layer 2 on BTC is going to crush it. I get all that, but that leaves us...ripple...as #2... sir when ripplening?
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Rosewater Foundation
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March 19, 2018, 03:35:33 PM |
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Speaking of coins. bglod is disappearing. prolly shoulda got around to dumpening those
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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March 19, 2018, 03:50:15 PM |
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maybe btc is different, but pumps like this are typical for bear markets. bull usually does not involve 20-30% day gains (apart from blowoff tops). we shall see.
I hate to say it, but you are probably right. Still... you DO see bigass candles on bigass volume when markets TURN. Is that happening? Million dollar (1btc?) question.
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Torque
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Activity: 3696
Merit: 5276
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March 19, 2018, 04:07:28 PM |
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maybe btc is different, but pumps like this are typical for bear markets. bull usually does not involve 20-30% day gains (apart from blowoff tops). we shall see.
I hate to say it, but you are probably right. Still... you DO see bigass candles on bigass volume when markets TURN. Is that happening? Million dollar (1btc?) question. Not to be Debbie Downer, but do you remember in summer of 2014 when: 1. Price was held steady sideways @ $420/btc for nearly 2-1/2 months. Almost the whole summer. This felt like forever. 2. Price then pumped with bull flags to ~$650/btc. or so. Many said this was the sign that the downturn and sideways was over. 3. Price crashed again in 2015 to ~$200/btc. .... nearly 7 months later! That's why I've never trusted this market. Once whales have control of the float, they can peg it wherever they want for whatever length of time they wish. Just buy on a set schedule and fuggedaboutit. Like you would with gold or silver.
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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March 19, 2018, 04:36:48 PM |
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maybe btc is different, but pumps like this are typical for bear markets. bull usually does not involve 20-30% day gains (apart from blowoff tops). we shall see.
I hate to say it, but you are probably right. Still... you DO see bigass candles on bigass volume when markets TURN. Is that happening? Million dollar (1btc?) question. Not to be Debbie Downer, but do you remember in summer of 2014 when: 1. Price was held steady sideways @ $420/btc for nearly 2-1/2 months. Almost the whole summer. This felt like forever. 2. Price then pumped with bull flags to ~$650/btc. or so. Many said this was the sign that the downturn and sideways was over. 3. Price crashed again in 2015 to ~$200/btc. .... nearly 7 months later! That's why I've never trusted this market. Once whales have control of the float, they can peg it wherever they want for whatever length of time they wish. Oh, I remember. And I think that scenario is somewhat LESS likely than the one I posited. But I think the original scenario is most likely. We are still in a bear, but hopefully not one that needs to last years. That said, I do still see a lot of reasons to hope. Fundamentals are WAY different now than they were in 2014. In 2014 Bitcoin was magical internet money. Today it is *nearly* a household word. Free(ish) nations are inching towards giving it room to grow as opposed to regulating it to death (we still have a lot to see here... and the next two days will be interesting) At the same time the scourge of "ICO"s is under scrutiny, which I consider to be good. Roguish and authoritarian states are either mining or creating cryptos. Mixed, but goodish. Layer 2 is in! It's like the birth of the web. The internet had been around for years. Then suddenly there were all these pages with this guy on them: And that's where we are. The real use cases are coming. There are a lot of really smart people in the world. And they are the ones who have the money. Some don't like this fact, but it is what it is. They are going to figure out what we have known for years. Soon.™
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JayJuanGee
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Activity: 3850
Merit: 10877
Self-Custody is a right. Say no to"Non-custodial"
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March 19, 2018, 04:43:18 PM |
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I have made money from the last bull run and withdrawn it into my bank to not care about this drop. One thing I am certain, I will buy back when the market is favorable. I have small orders already filled but big ones waiting at the very bottom. Dont be scared. Bitcoin from the very start is like this. We've seen worse. It will recover.
I closed off my short on the last terrific shake down to 7.3k. Too much profit to ignore. Then I thought - before starting to nurse it again, why not go long? So I have a long position now, from the past low. It's in profit right now, but I would like to wait a bit more before closing and reversing it. So, I think this is the problem with margin trading. You begin cautiously - it's a hedge, you know - and before you know it, you turn into a gambler. A winning gambler for the time being, but that's the point: the change in attitude. Using margin trading properly and sticking to the plan - ot at least to the mindset - requires lots of discipline. My hunch about quick-reversing and longing is still paying out, but if I manage to close this in profit, I'm going back to my safety short. Then let it go down to 2k. I won't care. It seems that we are thinking about this in a similar way, but I think that if you can set your orders in such a way that it minimizes the gambling aspect, then you have yourself a system that you can follow for the long term. But you are likely correct in your instinct that one bad trade could wipe out 10 profitable ones, perhaps.
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Typex
Jr. Member
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Activity: 61
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March 19, 2018, 04:55:08 PM |
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When using RSI as a technical indicator, what is the appropriate time period to be using? For a large portion of the past day the RSI has been 60-70ish. Will we likely see a drop in the price in the coming days?
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