oda.krell
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August 15, 2014, 11:46:43 PM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
You want serious thoughts on price in the Wall Observer thread? You must a newb.. oh wait. Alright. Personally, I don't see much of a chance for a more serious bounce back up yet. There's only very low volume on the counter moves up, today's entire daily candle outside lower BB, and we're only in day 5 of this severe trend (and they tend to last longer once they gather speed like the current one). I'll grant we are drastically overbought, so there is certainly potential for some bounce back, but I suspect we have another day or two of decline ahead of us before that happens.
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Miz4r
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August 15, 2014, 11:49:26 PM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
Market is oversold and there are bullish divergences everywhere. I think we will see $540-550 again in 3-4 days from now, that should be a proper bounce and then we either form a higher low creating the right conditions to move towards $600 again or we plunge back into the 400s and probably make a lower low somewhere around 450. Either way is fine with me, long term I'm still bullish.
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Newbie1022
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August 15, 2014, 11:52:00 PM |
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Thanks Oda.Krell and Miz4r!!!
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 15, 2014, 11:54:48 PM |
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Well done idiots. Another crash. Is everybody happy now or what? 90 dollars wasn't enough yet? Till what point do we have to crash for people to say ok this is enough?
But that's not where we are going. Bitcoin is over. It is dead. You still don't get it? Everyone is getting out.
I know you're just trolling, but there's only two days between the two posts. Some consistency, maybe? Lol. His spirit got sooo terribly demolished by the depraved zero-integrity flagrant book-talking bear/bull trolls around this community that he just gave in at the end and simply does exactly as they do, since then xD Poor birddoggie. Yep!!! Birddoggie... or doggiebird... is currently moping his feathered ass off... the little fucker... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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bigasic
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August 15, 2014, 11:55:16 PM |
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Does coinbase sell their coins on bitstamp? or do they sell to big investors, I get the feeling that they just use an exchange..
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Schickeria
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August 15, 2014, 11:55:25 PM |
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My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 15, 2014, 11:59:36 PM |
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bassclef
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August 16, 2014, 12:03:35 AM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
You want serious thoughts on price in the Wall Observer thread? You must a newb.. oh wait. Alright. Personally, I don't see much of a chance for a more serious bounce back up yet. There's only very low volume on the counter moves up, today's entire daily candle outside lower BB, and we're only in day 5 of this severe trend (and they tend to last longer once they gather speed like the current one). I'll grant we are drastically overbought, so there is certainly potential for some bounce back, but I suspect we have another day or two of decline ahead of us before that happens. I agree. I think we could bounce around $500 all weekend. If support gets pulled we could test $450 again. I'm trading over in LTC land at the moment and $5 has held well even with the latest 1000btc sell on bfx. Normally it follows BTC dumps like clockwork. At some point the markets start saying no.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 16, 2014, 12:05:57 AM |
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My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200? I first started at $1200 on local bitcoin's in November 2013. My first purchase was 1.24BTC for about $1500... something like that. How about you? What's your average BTC costs and your duration for being in the BTC game?
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Newbie1022
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August 16, 2014, 12:08:19 AM |
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Heads up to all (this was posted in a different thread)... Bitfinex margin maintenance requirement being upped from 13% to 15% starting on Monday. This may or may not set off a tizzy. Right now it is just yet another thing on the horizon to plan around.
Also, it appears that de jure margin is being increased from 2.5 to 3.33... which should mean more volatility, but also a potential rocket.
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adamstgBit
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August 16, 2014, 12:12:00 AM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
all i see now a days is the manipulation. i might be seeing things... i often find myself seeing wtv i want to see. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs8.postimg.org%2Fc9c8nfyyd%2FUntitled.png&t=665&c=auruPJFGbco6lg) here we are, just trending, low vol. low movement, stable and every so slightly up, and the rest is clear as day.
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Schickeria
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August 16, 2014, 12:21:18 AM |
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My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200? I first started at $1200 on local bitcoin's in November 2013. My first purchase was 1.24BTC for about $1500... something like that. How about you? What's your average BTC costs and your duration for being in the BTC game? By accident I heard about Bitcoin at the start of the November explosion. A bought the first small bunch at around ~400. Bought more on the first crash another time at around ~400 and on the third crash at around ~380. Between these mayor buys I bought a lot peanuts at all prices (except on the really high levels of +900), so my average price should be around ~450.
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samsonn25
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August 16, 2014, 12:22:37 AM |
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My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200? I first started at $1200 on local bitcoin's in November 2013. My first purchase was 1.24BTC for about $1500... something like that. How about you? What's your average BTC costs and your duration for being in the BTC game? By accident I heard about Bitcoin at the start of the November explosion. A bought the first small bunch at around ~400. Bought more on the first crash another time at around ~400 and on the third crash at around ~380. Between these mayor buys I bought a lot peanuts at all prices (except on the really high levels of +900), so my average price should be around ~450. If you sold some when it was higher you could have used the profits to buy more.
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Newbie1022
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August 16, 2014, 12:26:08 AM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
all i see now a days is the manipulation. i might be seeing things... i often find myself seeing wtv i want to see. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs8.postimg.org%2Fc9c8nfyyd%2FUntitled.png&t=665&c=auruPJFGbco6lg) here we are, just trending, low vol. low movement, stable and every so slightly up, and the rest is clear as day. Affirmative. We are getting dicked. I half wonder if some of them aren't looking at the Lawsky BitLicenses and thinking that they now have a limited window to screw us over whereas before they were thinking they could pump the market for a while and then screw us over. But I am a slightly paranoid, pessimistic type. So take with a grain of salt
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Newbie1022
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August 16, 2014, 12:31:51 AM |
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Can this market be even more pathetic?? It follows fake chinies exchanges like sheep ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I found out it is much better to trade alts (in my case xmr) which aren't so manipulated by fake chinies exchanges!! Stamp is trading almost ten dollars above... hardly following toe to toe. At the same time, if the exchange doesn't level down then arbitrage will level down for you.
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adamstgBit
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August 16, 2014, 12:32:30 AM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
all i see now a days is the manipulation. i might be seeing things... i often find myself seeing wtv i want to see. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs8.postimg.org%2Fc9c8nfyyd%2FUntitled.png&t=665&c=auruPJFGbco6lg) here we are, just trending, low vol. low movement, stable and every so slightly up, and the rest is clear as day. Affirmative. We are getting dicked. I half wonder if some of them aren't looking at the Lawsky BitLicenses and thinking that they now have a limited window to screw us over whereas before they were thinking they could pump the market for a while and then screw us over. But I am a slightly paranoid, pessimistic type. So take with a grain of salt there can be no doubt this move was a leverage hunt. it was calculated it and beautifully executed look at the bounce at 540, the longs almost got out of the squeeze, but they we're up against a monster BTC whale on a mission, and he clearly knew if this was going to work, it had to be now, momentum is hard to squash.
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mmitech
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things you own end up owning you
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August 16, 2014, 12:36:50 AM |
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Can this market be even more pathetic?? It follows fake chinies exchanges like sheep ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I found out it is much better to trade alts (in my case xmr) which aren't so manipulated by fake chinies exchanges!! did you just say xmr is not manipulated ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) are you in the pumpers group or Risto ? and BTW clearly the Chinese exchanges are following the western ones...
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Newbie1022
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August 16, 2014, 12:40:05 AM |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
all i see now a days is the manipulation. i might be seeing things... i often find myself seeing wtv i want to see. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs8.postimg.org%2Fc9c8nfyyd%2FUntitled.png&t=665&c=auruPJFGbco6lg) here we are, just trending, low vol. low movement, stable and every so slightly up, and the rest is clear as day. Affirmative. We are getting dicked. I half wonder if some of them aren't looking at the Lawsky BitLicenses and thinking that they now have a limited window to screw us over whereas before they were thinking they could pump the market for a while and then screw us over. But I am a slightly paranoid, pessimistic type. So take with a grain of salt there can be no doubt this move was a leverage hunt. it was calculated it and beautifully executed look at the bounce at 540, the longs almost got out of the squeeze, but they we're up against a monster BTC whale on a mission, and he clearly knew if this was going to work, it had to be now, momentum is hard to squash. Yes, I actually bought in the very second of the Bitfinex crash (and on Bitfinex) because the 3200 wall had held up on Huobi and OKCoin and the price was kicking back up... it should have been the bottom... and then bam!! The dump. That's why I am warning people not to try to get too cute about predicting the bottom... I made that mistake once earlier this week and almost paid dearly for it -- I mean, the price ended up settling only 20 above, but there was a slight delay before another cascade and in the moment you have no clue where it will stop... I could see somebody selling way low in that circumstance. As for me, I weathered it -- lost a percent and a half by exiting through BTC/LTC which hadn't caught up to the action... then made back 4 percent when everybody else got the same idea and LTC got a small pump. Walked out of the storm ahead... almost had a heart attack in the process. Ergo, my advice is simply don't get too cute when you know that there is manipulation. Wait for a bottom to establish. I know there has to be some suckers who wade in the water early if we are ever truly going to get a bounce back, but let them not be the folks in our little community.
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Schickeria
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August 16, 2014, 12:40:29 AM |
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My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200? I first started at $1200 on local bitcoin's in November 2013. My first purchase was 1.24BTC for about $1500... something like that. How about you? What's your average BTC costs and your duration for being in the BTC game? By accident I heard about Bitcoin at the start of the November explosion. A bought the first small bunch at around ~400. Bought more on the first crash another time at around ~400 and on the third crash at around ~380. Between these mayor buys I bought a lot peanuts at all prices (except on the really high levels of +900), so my average price should be around ~450. If you sold some when it was higher you could have used the profits to buy more. I did this, but only with not further mentionable amounts to buy ice cream for the kids ;-)
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mogrith
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August 16, 2014, 12:51:19 AM |
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My average cost per BTC is about $610, including transactional fees..
That's a lot more than I thought. You started to buy all the way up to 1200? I first started at $1200 on local bitcoin's in November 2013. My first purchase was 1.24BTC for about $1500... something like that. How about you? What's your average BTC costs and your duration for being in the BTC game? 10BTC for $9.70
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