Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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April 04, 2014, 10:30:27 AM |
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What if April 15th rolls around and nothing happens just like the last deadlines that have trickled out of China. Its hardly ridiculous to think that while everyone sits around waiting for China news to drop the price again it generally creeps upwards leading to a couple of weeks of super worried bears
Rumour - we go down 100's. Good news - we go up 20 dollars. You guys should really learn to distinguish important and unimportant news. Examples: a) Bitcoin losing important markets - important news b) Someone has a good feeling about bitcoins future - unimportant news Throughout the past months, people have tried to present unimportant positive news as important and then get mad at everyone when this news isn't considered as important. Almost every week we get these new "very bullish" news. |
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chessnut
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Activity: 924
Merit: 1001
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April 04, 2014, 10:30:56 AM |
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 well hopefully this is a real breakout. after all. Huobi is pretty bullish. |
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koryu
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April 04, 2014, 10:32:01 AM |
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when people start getting bullish, better keep an eye on the 4 hour chart. we have a little wave up on average volume. reversal not confirmed yet. but i would still be surprise to see lower 400.   I bet before some nutter bet 10BTC that it would. good odds. (I bet that it wouldnt) nice bet i think its more likely not to happen, so odds are good. |
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dreamspark
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April 04, 2014, 10:32:49 AM |
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when people start getting bullish, better keep an eye on the 4 hour chart. we have a little wave up on average volume. reversal not confirmed yet. but i would still be surprise to see lower 400. I bet before some nutter bet 10BTC that it would. good odds. (I bet that it wouldnt) Thats a pretty strong bet that it wont go lower at all and before June. Im generally feeling bullish atm to the degree where I dont predict a move down much more than $50-$80 but I wouldnt want to bet on not breaching $400 at all. |
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dreamspark
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April 04, 2014, 10:34:35 AM |
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Some bigish buys and the 12h MACD just kissing. Sensing a mini rally.
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Davyd05
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April 04, 2014, 10:36:00 AM |
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I for some reason enjoy the lagging macd, however we need buying pressure through Friday to get us to cross 12hr and 1d macd.
We shall see, and the last time we had the 12hr cross it was smashd down to the resistance levels...we can gauge the market a bit imo off of the reactions.
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koryu
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April 04, 2014, 10:37:15 AM |
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well hopefully this is a real breakout. after all. Huobi is pretty bullish. but this is the line we have to cross  and after that another one  https://i.imgur.com/eSQiC3B.jpg |
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chessnut
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Activity: 924
Merit: 1001
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April 04, 2014, 10:38:21 AM |
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does a rally case the macd to signal, or does the signal cause the price to rally?
chicken or the egg?
leading indicators FTW!
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chessnut
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Activity: 924
Merit: 1001
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April 04, 2014, 10:40:55 AM |
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koryu,
good observation.
if you add the bottom trendline, it's a descending wedge. they terminate upwards.
in EW analysis it's call a fifth wave diagonal. (and we have had five waves catalysed by news)
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cee-euros
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Activity: 88
Merit: 10
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April 04, 2014, 10:43:10 AM |
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epic greed on btc-e, where do those that just bought at 450 think the price is headed?
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dreamspark
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April 04, 2014, 10:43:41 AM |
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epic greed on btc-e, where do those that just bought at 450 think the price is headed?
up  |
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dreamspark
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April 04, 2014, 10:44:40 AM |
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Mini rally still catalysed by China though.
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chessnut
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Activity: 924
Merit: 1001
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April 04, 2014, 10:45:42 AM |
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 Stamp similar. |
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Davyd05
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April 04, 2014, 10:48:41 AM |
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Mini rally still catalysed by China though.
BTC China news would be the catalyst. Figured as much. Now others will just say BTCC word that the bank hasn't received any warnings. Gox has left everyone severely paranoid, rightly so but I really doubt on April 15th the bank will get a ring from the PBoC in regards to the shadow policy  1D chart and the news, that range of 2410 bottom on Huobi looks like the Bear Manipulations last effort at causing mass panic. Barring a rogue twitter confirmation of a blanket ban, slow grind upwards begin. |
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TERA
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April 04, 2014, 10:49:24 AM |
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On an intraday scale, China chart is looking bearish now with a false breakout. It is going to fall again and then take at least another 1-2 days to consolidate before we can really break out (to +$465 on stamp), if nothing bad happens in the meantime.
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igorr
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April 04, 2014, 10:50:15 AM |
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A new coins coming on the market.
4000 new coin per day !
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Mervyn_Pumpkinhead
Legendary
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Activity: 876
Merit: 1000
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April 04, 2014, 10:50:20 AM |
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epic greed on btc-e, where do those that just bought at 450 think the price is headed?
It's always puzzling to see on who the hell would buy into these no volume "breakouts". Perfect example where greed will actually make you lose money. If you want to gamble, then buy when everything is quiet and you gamble on the chance, that there will be a weak breakout that you can sell to. But buying into those after they have spent their momentum... weird.. |
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koryu
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April 04, 2014, 10:51:17 AM |
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Stamp similar. its a little bit different on huboi, the flashcrash makes it 6 waves  |
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ShroomsKit
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April 04, 2014, 10:52:44 AM |
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epic greed on btc-e, where do those that just bought at 450 think the price is headed?
Why don't you tell us where it's going. You seem to know more than other people? |
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cee-euros
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Activity: 88
Merit: 10
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April 04, 2014, 10:53:36 AM |
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epic greed on btc-e, where do those that just bought at 450 think the price is headed?
up yeah no doubt, it would want to go up another 15-20 bucks (which it might) for that risk to pay off |
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