|
TERA
|
 |
April 01, 2014, 06:30:12 AM |
|
Nice little wall at 350-450 has formed. This might give us another 1-4 weeks before 400 is broken, and maybe even a bulltrap to 550 or so where the next shorting opportunity will be.
I think that those orders are from new market meat. Like a friend of mine who called me a fool at 100, and yet he is now patiently waiting for his chance to become my greater fool. Their logic is quite simple: "it looks like it's going to go up but it is crashing now. 1000 is too much, 300 is right, let me put a bid at 350-450." I think there are many of them this time. This month we'll see them fighting with the butthurt fools who want out of bitcoin. Yeah... I see those kind of people saying $1000 is too much and then they want lower... then it goes lower and then they want lower.. and then it goes lower and they say, "shit, I cannot buy when prices are this low, b/c it may go down lower" They say, let me think about it... then they buy when it is going up and then they sell when it goes back down.. and blame you for getting them into it. One of the biggest mistakes made by new traders is not incorporating TIME into their calculations. |
|
|
|
|
|
|
|
|
|
If you want to be a moderator, report many posts with accuracy. You will be noticed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
Davyd05
|
|
April 01, 2014, 06:35:03 AM |
|
This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time. Thought it was clarified via bter that they were closing third party partners not a blanket ban. |
|
|
|
|
chessnut
Legendary
 Offline
Activity: 924
Merit: 1001
|
|
April 01, 2014, 06:37:35 AM |
|
Triangle closing. Drop coming. Much fear. Some hope.
hmm I see a potential wedge too but if it goes up just a bit it's not gonna look like a wedge any more, not even a broken wedge. more like an ABC correction. but still why should it go down tonight. Im not expecting a confirmation, and the news of law enforced is obviously not enough to drive this trend. I maintain panic sellers are spent. |
|
|
|
|
|
Davyd05
|
|
April 01, 2014, 06:40:22 AM |
|
Nice little wall at 350-450 has formed. This might give us another 1-4 weeks before 400 is broken, and maybe even a bulltrap to 550 or so where the next shorting opportunity will be.
I think that those orders are from new market meat. Like a friend of mine who called me a fool at 100, and yet he is now patiently waiting for his chance to become my greater fool. Their logic is quite simple: "it looks like it's going to go up but it is crashing now. 1000 is too much, 300 is right, let me put a bid at 350-450." I think there are many of them this time. This month we'll see them fighting with the butthurt fools who want out of bitcoin. Yeah... I see those kind of people saying $1000 is too much and then they want lower... then it goes lower and then they want lower.. and then it goes lower and they say, "shit, I cannot buy when prices are this low, b/c it may go down lower" They say, let me think about it... then they buy when it is going up and then they sell when it goes back down.. and blame you for getting them into it. One of the biggest mistakes made by new traders is not incorporating TIME into their calculations. or they weren't around when Tera showed us how to setup a proper limit buy/sell orderbook for themselves. From memory you increase the amount btc bought as the price goes down but use the same fiat value for each staggered buy. Either way I <3 square trade, I also wait patiently for market reversal upon dark clouds dissipating. |
|
|
|
|
spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
|
|
April 01, 2014, 06:42:41 AM |
|
bit of chooing suddenly
|
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
|
April 01, 2014, 06:44:09 AM |
|
...here we are, rallying, 466 and climbing.
this is consolidation, not a rally... you should take off those bull-colored glasses  ... not long before Huobi passes 2900. thats where it was at before the devastating news came out. would you not agree if it passes that point, the significance of the move is nullified and we are in fact rallying? EDIT; WOW 2k buy on BFX |
|
|
|
|
|
Davyd05
|
|
April 01, 2014, 06:44:40 AM |
|
bit of chooing suddenly
a day to absorb the news. my guess is we punch close to 500 if panic buying occurs...perhaps all the Fiat has finally be credited over at stamp |
|
|
|
|
|
TERA
|
|
April 01, 2014, 06:45:28 AM |
|
...here we are, rallying, 466 and climbing.
this is consolidation, not a rally... you should take off those bull-colored glasses ... not long before Huobi passes 2900. thats where it was at before the devastating news came out. would you not agree if it passes that point, the significance of the move is nullified and we are in fact rallying? EDIT; WOW 2k buy on BFX I thought it was 3600... |
|
|
|
|
|
YogoH
|
|
April 01, 2014, 06:47:19 AM |
|
Buys like this mean someone knows something...
|
|
|
|
|
|
TERA
|
|
April 01, 2014, 06:48:45 AM |
|
Buys like this mean someone knows something...
1000 coin buys are nothing. We used to see 5000-10,000 coin buys all the time and it took 40,000 coin buys to reverse a trend. |
|
|
|
|
spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
|
|
April 01, 2014, 06:49:32 AM |
|
Buys like this mean someone knows something...
yes it means they know that they want some btc |
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
|
April 01, 2014, 06:49:47 AM |
|
I thought it was 3600...
Im talking about yesterdays flash crash, the great confirmation that chinese are willing to enforce the third party law. we rallied pretty smartly up to 2900, before surprise news came. the rally was so effortless, it could have punched through 500 if not for the news. If thats not good enough, well the market's been prepared for months now. |
|
|
|
|
|
Davyd05
|
|
April 01, 2014, 06:50:31 AM |
|
Buys like this mean someone knows something...
ummm maybe if I see 3-5 3k+ re buys I'll assume the shorting has been slowed now. beaker is going bonkers on my bitcoinity lol |
|
|
|
|
spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
|
|
April 01, 2014, 06:52:25 AM |
|
|
|
|
|
|
spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
|
|
April 01, 2014, 06:53:30 AM |
|
who is leading this, china?
|
|
|
|
|
|
Davyd05
|
|
April 01, 2014, 06:54:51 AM |
|
who is leading this, china?
their action started back when I mentioned them getting above 2800, price wise btc-e was really bullish and this seems to have bled into all markets atm  Bitcoinity has Gonzo as the background.
IIRC it's Beaker. I think you are right. It's been a long time since I saw the Muppets.. +2 beaker 2800 on huobi, the first pump begins soon? debating.. it should imo but there is still a bit of uncertainty out there. Plus all the shorts that would have to close eventually |
|
|
|
|
spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
|
|
April 01, 2014, 06:56:20 AM |
|
we're about to leave the 400s for good I'd say.
|
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
|
April 01, 2014, 06:56:47 AM |
|
who is leading this, china?
Risto he said he was getting his spare pocket money out.... |
|
|
|
|
|
TERA
|
|
April 01, 2014, 06:59:58 AM |
|
Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
|
|
|
|
|
|
BTCfan1
|
|
April 01, 2014, 07:00:24 AM |
|
pretty exciting watching the price go up like this...
|
|
|
|
|
|
Poll
