ssmc2
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August 20, 2014, 07:41:14 PM |
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If we don't break 530 we's in trouble.
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Sandia
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August 20, 2014, 07:41:22 PM |
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lets see a nice short liquidation cascade!
Can anyone make an educated guess at what point the shorts could get liquidated? I'd think it would be alot higher than this, but I have no idea how to properly calculate It's all stop losses, it would require a lot more upside to actually trigger the majority of shorts to get margin called. And anyone with the brain of a cockroach would close before a margin call is triggered. A margin call means your collateral is gone. The shorts are waiting for a correction down to minimize losses. Another 10-20 dollars and they might give up.
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Wandererfromthenorth
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August 20, 2014, 07:41:35 PM |
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At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF. Until then, rises might be short lived ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Newbie1022
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August 20, 2014, 07:43:35 PM |
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At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF. Until then, rises might be short lived ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) This... this is a short-term bounce in a bear market. But it is the type of short term bounce that will go at least 30 and could go 100... so I am ok in riding on the free money give away.
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hyphymikey
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August 20, 2014, 07:44:45 PM |
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Sellers on Finex putting up a fight.
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Dragonkiller
Sr. Member
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Super Smash Bros. Ultimate Available Now!
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August 20, 2014, 07:45:04 PM |
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At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF. Until then, rises might be short lived ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Gabi. 10 days. Edit: 12 ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Sandia
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August 20, 2014, 07:45:25 PM |
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At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF. Until then, rises might be short lived ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) This... this is a short-term bounce in a bear market. But it is the type of short term bounce that will go at least 30 and could go 100... so I am ok in riding on the free money give away. Praying for 547.
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grappa_barricata
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playing pasta and eating mandolinos
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August 20, 2014, 07:45:37 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 20, 2014, 07:45:47 PM |
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Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either. Anyway... Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you. Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank. Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.
Pay attention to the moving averages. until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.
Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining. the lowest we've touched since the last ATH was $339.79 (stamp), if you zoom out the 3d/1w chart and take a close look, you will notice how ugly that MACD is looking like, considering the fact that MACD is a lagging indicator and cant be considered a 100% signal for trades, but with momentum it is still a good indicator for possible directions. We went up from $480 to $510 on low volume and the chart is still looking ugly, the thing about the 1w/3d charts is that you have to be sure and confident when others are jumping around and yelling reversal and ATH, and by looking at Bitstamp's book order I can tell that this push wasn't mostly from new fresh money coming to the exchange, so my suggestion is that the group of " sell low and buy high" that is cheering and getting over excited are on action again. billyjoeallen, see you leave for 3 months and you come back to a lower price, people should learn something from you. Maybe reading comprehension is NOT your specialty, MMITECH? BJA left b/c he had shorted the last run up.. in other words, he was betting against it and lost. He came back and posted in the $490 area, and lectured that we should short... Same kind of stupid stuff that you are saying. I guess, two peas in a pod, you and him, no? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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derpinheimer
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August 20, 2014, 07:47:03 PM |
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Personally, I'm still unconvinced it doesnt go down more either in the next days, weeks, or 2-3 months.
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DubFX
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August 20, 2014, 07:48:30 PM |
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Seriously, though, do y'all believe in this run? I mean, it's not sustainable, is it?
Keeping some powder dry, not trying to find THE bottom, still. If I don't buy again for a while, that's OK.
I don't think it's good time to not buy again for a while, there seems to be panic buy making us head up and hopefully not fall from there!
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derpinheimer
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August 20, 2014, 07:51:28 PM |
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Hm, I just noticed something...
I think the BFX "mega-whale" may be shared orderbooks between stamp and bfx again. They stopped doing that awhile ago, but after the long squeeze its back on.
This means BFX bid walls are mostly "fake" (in that they are not backed by anything) if correct.
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ZephramC
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August 20, 2014, 07:52:38 PM |
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stop wasting ammo target 490 its not like the bear has a choice.
Bear can choose 457 in 8 hours. OK. My second guess is stoping at 555-560 for a while.
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Newbie1022
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August 20, 2014, 07:53:49 PM |
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If we don't break 530 we's in trouble.
This. Set stop losses!!! BUT, I think China is just taking a breather... I think we are going up strong at least for today.
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fonzie
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August 20, 2014, 07:53:53 PM |
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At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF. Until then, rises might be short lived ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) This... this is a short-term bounce in a bear market. But it is the type of short term bounce that will go at least 30 and could go 100... so I am ok in riding on the free money give away. Stupid bears have you missed train, or even short?
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grappa_barricata
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playing pasta and eating mandolinos
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August 20, 2014, 07:54:15 PM |
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4% stop hunting with associated whipsaw. You saw it first, only here, in bitcoinland.
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ImI
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August 20, 2014, 07:55:59 PM |
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At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF. Until then, rises might be short lived ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) You are aware of that the market wont wait until the ETF is trading at Nasdaq? Its not like we see a big jump at that day and thats it. Obv the ETF will have some impact well before they go online at Nasdaq and well before they make the official announcement when they will do so. Its called market wisdom. Markets dont wait to price something in until the very last trader has understood whats going on. They start way ahead of the actual news...
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molecular
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August 20, 2014, 07:57:02 PM |
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LOL at these idiots refusing to close their shotrs
that's what I thought when I just saw what was going on and went to check the shorts on finex, expecting them to have reduced quite a bit... to my surprise they only got reduced by ~1,100 BTC (~15%)
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molecular
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August 20, 2014, 07:57:58 PM |
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Just remember kids: sharp bounces don't necessarily mean a true reversal.
Just look at what happened in April - a sharp bounce from bottom off 339 all the way to 554 on about 4X the volume of this recent bounce. Everybody cheered "Hooray! Look at that volume! Downtrend is over, bottom is in, only up from here!" Then look what happened over the next 2 weeks after the rally... slow fall from 554 down to 420's. Where it stayed for a month.
So yeah. I predict that within 10 days (by 9/1) you'll have your answer whether this rally was sustainable or not.
who cares? up! ccmf!
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bassclef
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August 20, 2014, 07:58:42 PM |
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Weekly green candle. Reversal forming on Huobi 12h with solid volume. Will probably bounce back to $500, but this last dumpfest loaded the spring even more so I wouldn't trade it.
Bullish.
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