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Post-Cosmic
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August 20, 2014, 08:40:35 PM |
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..BJA is back. Nice ;o Guess all the ruckus caused by volume/price volatility lately woke up the sleepers ;p Whoever shorted this is delusional. You don't short bitcoin, unless it's in an absolute pure gold overbought parabolic-spike entry. In fact you basically don't short anything in general, not when it's screaming downward to abyssal Pacific crevice depths like that BTC-e $309 cascade. Of course you also don't long when it's panic-rising meteorically a bit like it is now. You actually have to be careful shorting problematic-future-at-best shtcoins like DRK & LTC. Imagine with BTC o.O Didn't expect $520+, this soon. Guess market really wanted to revert back as close to that $560 median as soon as possible. You know, the one you get when you average the early-May prices of ~$445 with the ~$680 recent highs of early-June  That tells us $550-565 is solid target. Damn. w/ 10x leverage on BTC.SX someone could make 14-18% (from low 400's to current prices) x 10, minus that ginormous spread they have there, that's 140-180% in under 48hrs. O.O Actually competes with the highest-volume twitter-manipulated 800BTC altcoin pumps' worth of %. As for LTC, w/ 3.33x leverage on BFX someone could've made ~240% in under 48hrs, from $3.3 to $5.7 per litecoin. What. |
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bigasic
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August 20, 2014, 08:41:21 PM |
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I think we will see some profit takers and we will see just above 500 and then it should slowly go up with its usual peaks and valleys, but I smell an upward trend after this little profit taking..
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grappa_barricata
Full Member
 Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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August 20, 2014, 08:41:54 PM |
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"As the 'trend' become evident, endorphin leave place to less pleasant chemicals, stress build up in the groin area and the sweat take on the smell of fear. It is only at that point that the individual surrender, not for the money, but for the pain."
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Richard Branson
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August 20, 2014, 08:42:41 PM |
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And w leverage you can easily lose all.
Don't get greedier than wallstreet. But most trader (even btc) are greedy.
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hyphymikey
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August 20, 2014, 08:43:07 PM |
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Hurry everyone take your profits now!! We won't see these prices for at least another 8-12 months!!
/sarcasm
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amit123
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August 20, 2014, 08:46:37 PM |
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520$ looks good for the day..! lets see where it will be when I'll wake up tomorrow .  expecting just + -15$ Only in bitcoin markets that is a conservative estimate! I'm not counting the fluctuations in b/w but the market Price I'll wake upto..! and I've kept the window from 490$-530$ so I hope it falls in b/w. |
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Walsoraj
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August 20, 2014, 08:51:41 PM |
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Methinks we will form a cup n' handle, starting with Aug 10.
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dgagli1
Newbie
Offline
Activity: 9
Merit: 0
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August 20, 2014, 08:51:58 PM |
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Never Buy a squeeze, the fall is harder than the rise. No one to sell your coins to.
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Wandererfromthenorth
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August 20, 2014, 08:52:27 PM |
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weak rebound that was only a little short squeeze, no actual buys.
Double top, down we go.
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Octavius
Member
Offline
Activity: 107
Merit: 10
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August 20, 2014, 08:54:55 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  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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dropt
Legendary
Offline
Activity: 1512
Merit: 1000
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August 20, 2014, 08:56:28 PM |
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Poor Octavius, still broke as a joke. |
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Wandererfromthenorth
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August 20, 2014, 08:56:55 PM
Last edit: August 21, 2014, 04:15:14 PM by Wandererfromthenorth |
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Comon guys this rebound is not serious, just short squeezes, we need a real rebound with actual fiat, actual coins being bought.
For now this rebound is as weak.
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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August 20, 2014, 08:58:06 PM |
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Comon guys this rebound is not serious, just short squeezes, we need a real rebound with actual fiat, actual coins being bought. Let the bears take profits on the huge shorts they have, squeeze all the longers that remain down to $400 and THEN will be time to panic buy full retard style  For now this rebound is as weak as it gets. lemme guess... you are shorting?!  |
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Wandererfromthenorth
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August 20, 2014, 08:59:24 PM |
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Comon guys this rebound is not serious, just short squeezes, we need a real rebound with actual fiat, actual coins being bought. Let the bears take profits on the huge shorts they have, squeeze all the longers that remain down to $400 and THEN will be time to panic buy full retard style For now this rebound is as weak as it gets. lemme guess... you are shorting?! Only in fiat no margin, just sold at this double top, i'm rebuying it we break it (have a stop ready). |
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ChartBuddy
Legendary
Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 20, 2014, 08:59:33 PM |
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magicmexican
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August 20, 2014, 08:59:48 PM |
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Oh no, 513, disaster  |
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Octavius
Member
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Activity: 107
Merit: 10
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August 20, 2014, 09:00:48 PM |
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Walsoraj
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August 20, 2014, 09:03:43 PM |
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Sellers already running out of steam. Trajectory still points towards Oort Cloud.
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barbs
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August 20, 2014, 09:04:16 PM |
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Thanks for that 2000$ was refreshing :-)
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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August 20, 2014, 09:05:16 PM |
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Comon guys this rebound is not serious, just short squeezes, we need a real rebound with actual fiat, actual coins being bought. Let the bears take profits on the huge shorts they have, squeeze all the longers that remain down to $400 and THEN will be time to panic buy full retard style For now this rebound is as weak as it gets. lemme guess... you are shorting?! Only in fiat no margin, just sold at this double top, i'm rebuying it we break it (have a stop ready). if we see sub 450, i will leverage long for sure!!!1111 good luck to all of us |
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