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Author Topic: Analysis  (Read 919561 times)
ssmc2
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October 29, 2015, 06:59:34 PM
 #3921

Closing half of longs. Bubble indicator says rally out of fuel (however could continue for some time).

So more sideways in your opinion Luc?
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masterluc
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October 29, 2015, 10:51:22 PM
 #3922

May be. My indicator says sell + market overbought + near top trend line. Sorry bulls =)

klee
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October 29, 2015, 11:00:05 PM
 #3923

May be. My indicator says sell + market overbought + near top trend line. Sorry bulls =)




 Grin

EDIT: https://letstalkbitcoin.com/blog/post/mmm-global-republic-of-bitcoin-cryptos-next-scandal
traderbit
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October 29, 2015, 11:04:44 PM
 #3924

I am dedicated to bitcoin. Bitcoin changed my life. No other assets.

It's not just you, most of us are like you Smiley
I think that if there is no more pump (tests) then the price will crash.
Maybe more or less that it was before two weeks, but the hope for the best will never end.

Ivanhoe
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October 30, 2015, 12:41:56 AM
 #3925

What happenend to the 3rd wave prediction?
wpalczynski
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October 30, 2015, 12:54:55 AM
 #3926

Some bear is going to get slaughtered on Finex with that rather large short position that was taken. We blew past the previous high from mid summer again today.

lebing
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October 30, 2015, 02:08:51 AM
 #3927

Some bear is going to get slaughtered on Finex with that rather large short position that was taken. We blew past the previous high from mid summer again today.

likely did just get smashed.

That being said, I am watching closely for a potential shooting star pattern to develop here.


Bro, do you even blockchain?
-E Voorhees
wpalczynski
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October 30, 2015, 02:25:33 AM
 #3928

Some bear is going to get slaughtered on Finex with that rather large short position that was taken. We blew past the previous high from mid summer again today.

likely did just get smashed.

That being said, I am watching closely for a potential shooting star pattern to develop here.



Myself Im looking more for the moon shot pattern. :p

maxll
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October 30, 2015, 03:19:54 AM
 #3929

I can remember your strong sell indicators Licuf when the price were 15-20 at early 2013.
But yes we can see the local overbought conditions everywhere around right now.
megadeth
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October 30, 2015, 03:47:03 AM
 #3930

I can remember your strong sell indicators Licuf when the price were 15-20 at early 2013.
But yes we can see the local overbought conditions everywhere around right now.

Cut him some slack, he called the Nov 2013 top.

bagholder since 2013
My sig space is not for sale.
dmwardjr
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October 30, 2015, 04:24:24 AM
Last edit: October 30, 2015, 07:54:37 AM by dmwardjr
 #3931

Just thought the thread might find this news interesting [With Charts].  It addresses what may appear to be overbought that instead may be an exit from Chinese Yuan to protect wealth [Hedging]:  

http://www.zerohedge.com/news/2015-10-27/china-margin-debt-hits-8-week-high-japan-pumpsndumps-kyle-bass-fears-looming-em-bank  [You will love these charts for comparison]

http://www.zerohedge.com/news/2015-10-25/bitcoin-bullion-soar-chinas-creeping-capital-controls-loom

http://cointelegraph.com/news/115462/chinese-policy-makers-are-starting-to-study-and-rediscover-the-bitcoin-industry-huobi?ref=8

The very FACT that LTC and BTC are both going up is showing the fear of these capital controls.  China owns approximately 80% of all bitcoin trading volume.  If they are transferring their funds to a place like BTC and LTC because of looming capital controls, this market is FAR from over bought.  It's beginning to look like a panic buy.  If you also add FOMO on top of it....   WOW.

EDIT:  I believe BTC will come back down after the Yuan has been devalued once again.  Many Chinese are hedging [so to speak] at the moment.  How much does it comes down?  Who knows?  First we have to wait to see how high they take it up.  All other exchanges follow the Chinese.  The real question is how many Chinese are hip to bitcoin?  The more the merrier.  

Follow me on Trading View for excellent signals in Bitcoin/US dollar - Bitstamp - https://www.tradingview.com/u/ProwdClown/.  Will be on a paid subscription website soon with trading signals and technical education using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators for many more crypto currency pairs besides BTCUSD.
maxll
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October 30, 2015, 05:46:46 AM
 #3932

Cut him some slack, he called the Nov 2013 top.

He called precisely the Apr 2013 top too. Perfect work, yes!
But we are talking not about the next global moon top now but maybe the next bubble beginning.
BldSwtTrs
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October 30, 2015, 07:44:31 AM
 #3933

Master, you give mixed signals, I am confused.
Joerii
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October 30, 2015, 07:46:25 AM
 #3934

Master, you give mixed signal, I am confused.

The mixed signal was before a couple of hours ago.

I'm expecting a very clear and easy to understand signal NOW.

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hdbuck
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October 30, 2015, 07:52:54 AM
 #3935

As long as china keeps pumping, Sky is the limit!! Cheesy
dEBRUYNE
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October 30, 2015, 08:50:58 AM
 #3936

Closing half of longs. Bubble indicator says rally out of fuel (however could continue for some time).

On bitfinex someone opened ~7k in shorts (see -> https://bfxdata.com/swaphistory/btc) between 17:30 & 18:30 (UTC+1). This could very well fuel a breakout. Furthermore, it's kind of a risky strategy since the market is, although overbought, pretty resilient in my opinion.

According to bfxdata, those ~7k in shorts are not closed yet.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Afrikoin
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October 30, 2015, 09:20:22 AM
 #3937

Some bear is going to get slaughtered on Finex with that rather large short position that was taken. We blew past the previous high from mid summer again today.

likely did just get smashed.

That being said, I am watching closely for a potential shooting star pattern to develop here.



me too.

Open to it forming a top as high as $400s, that pulling down, forming a shooting star



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.
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eatmyshorts1
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October 30, 2015, 09:26:57 AM
 #3938

I am dedicated to bitcoin. Bitcoin changed my life. No other assets.
Moi aussi.
Me too.

-Posted from Argentina Smiley

This is why I am bullish. Not in it for day trades. I think we're witnessing the adoption/regulatory acceptance of a global phenomenon that's only going to become more widely used as the financial markets crash, yet again.
Zarathustra
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October 30, 2015, 11:50:22 AM
 #3939

Master, you give mixed signals, I am confused.

This is still @masterluc's big picture. He didn't change it since then. Therefore his 'bearish' signals are just valid for the small Elliott-picture. The big one still looks hyperbullish.



lebing
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October 30, 2015, 06:56:34 PM
 #3940

unless volume picks up this will just end up as a weak double top.

Bro, do you even blockchain?
-E Voorhees
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