RicePicker
Full Member
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Activity: 216
Merit: 100
RicePicker
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April 04, 2014, 10:54:00 AM |
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I don't there will be a trend reversal until the number of shorts on Bitfinex outnumbers the number of longs by 2:1. Right now plenty of people are still optimistic about the price immediately bouncing up after months of a downtrend. When everyone believes that bitcoin is going to continue going down and shorts start to be squeezed that's when a trend reversal will occur. Right now these bounces seem to be bots following MCAD indicators every time it crosses the 6h mark.
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dreamspark
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April 04, 2014, 10:54:56 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 So whats your point and how is that epic greed oh master trader and future teller? |
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Davyd05
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April 04, 2014, 10:55:39 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.
in an hr and 6 minute I'll weigh in on it being fake or not.. could die down for a bit then a bull manipulator can push it to trigger 12h* and get anothe wave of panic buying. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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April 04, 2014, 10:58:10 AM |
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Somebody call Fonzie QUICK!! we bout to break out!
fonzie allready ignored by me)) That will get you nowhere. He is the one with the highest confirmed/unconfirmed ratio. |
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Davyd05
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April 04, 2014, 11:00:34 AM |
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eugh...I should really be buying.. analyzing is less fun...
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 04, 2014, 11:02:45 AM |
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eugh...I should really be buying.. analyzing is less fun...
great time to buy and HODL. maybe not great time for a day trader. you would need to get in at 425  |
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chessnut
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Activity: 924
Merit: 1001
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April 04, 2014, 11:03:43 AM |
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On an intraday scale, China chart is looking bearish now with a false breakout.
Why do you think it's false? |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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April 04, 2014, 11:04:08 AM |
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Gm, well looks like we survived another day and are getting even stronger  I feel like its Christmas morning lol low 450's what a pleasant surprise to drink my coffee with... ooooh ya |
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Davyd05
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April 04, 2014, 11:04:59 AM |
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eugh...I should really be buying.. analyzing is less fun...
great time to buy and HODL. maybe not great time for a day trader. you would need to get in at 425 I got in at 142.50 and even in the 900.00 range such is the life of a hodler buying at all sorts of points but mainly now at points that will lower abp |
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TeeBone
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April 04, 2014, 11:10:33 AM |
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Nice head fake.
Poor bulls been in solitary confinement for months, any peak of light they're doing jumping jacks. You can go back to your corner now.
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dreamspark
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April 04, 2014, 11:14:21 AM |
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Nice head fake.
Poor bulls been in solitary confinement for months, any peak of light they're doing jumping jacks. You can go back to your corner now.
Meh, I'd call it a good couple of days trading while being bullish. An increase of $50 with three nice peaks to sell at = a tidy profit for a couple of days trading. |
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koryu
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April 04, 2014, 11:16:29 AM |
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choo choo ltc  |
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rohnearner
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April 04, 2014, 11:23:04 AM |
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so how long do you think we will get stuck at 450$ mark..! I'm ok with it as long as we are not going down any further.!
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Davyd05
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April 04, 2014, 11:23:26 AM |
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huobi going for tthe long target
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magicmexican
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April 04, 2014, 11:24:43 AM |
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China catching up, less than a 10$ difference
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dreamspark
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April 04, 2014, 11:27:24 AM |
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Some light chooing from China.
What have the historical increase / decrease days been over the last few weeks? I thought thurs/fri had been dump days recently.
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 04, 2014, 11:28:26 AM |
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Nice head fake.
Poor bulls been in solitary confinement for months, any peak of light they're doing jumping jacks. You can go back to your corner now.
Meh, I'd call it a good couple of days trading while being bullish. An increase of $50 with three nice peaks to sell at = a tidy profit for a couple of days trading. +1 the pivots have been pretty easy to call. about as obvious as a car crash. The potential reward from picking the bottom pivot is huge, while Ive been able to scrape together profit from calling 465, 435 and 425 bottoms. The chances that this is the bottom are very good in my opinion. The almighty wedge tells me so. I never had such security with the others. Just the way the market is so shy right now. If the market cannot be decisive, it will not break 400. TeeBone, best not get too comfy  Free the mind my good bears. both ways make money. |
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chessnut
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Activity: 924
Merit: 1001
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April 04, 2014, 11:29:55 AM |
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China catching up, less than a 10$ difference
thats important to note. the flow of coins out of china was always going to be finite. this may be a good sign the supply is drying up. |
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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April 04, 2014, 11:35:24 AM |
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Yes ebay is trying to help us. This is very good news in my opinion. I hope polish ebay like allegro.pl will do the same soon.
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