Tzupy
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December 29, 2014, 11:12:04 PM |
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A bit of nasty speculation for you all... Bitcoin hits $200 in January And why would this be nasty? I would call a 200$ bottom on the bullish side. However, very short term a small uptrend is possible, even a fake breakout.
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Sometimes, if it looks too bullish, it's actually bearish
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esse83
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December 29, 2014, 11:35:29 PM |
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Any idiot drawing a line can see it will be $250. Follow the major support line. Stop using fancy bs - nobody gives a shit about it anyway, so it wont work.
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“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” - Gavin Andresen
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bornil267645
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December 31, 2014, 04:44:35 AM |
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Analysis is the way to keep our mind pleased with forced results. Since the mind is not so easily pleased, so does the analysis continue.
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Tzupy
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January 01, 2015, 12:52:13 PM |
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
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Sometimes, if it looks too bullish, it's actually bearish
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Wandererfromthenorth
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January 01, 2015, 12:58:56 PM |
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
Where do you see Huobi's total bid sum? Only if you sign up? I usually use coinigy but it doesn't show the full depth chart for Huobi and OKcoin...
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jertsy
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January 01, 2015, 01:06:24 PM |
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
Where do you see Huobi's total bid sum? Only if you sign up? I usually use coinigy but it doesn't show the full depth chart for Huobi and OKcoin... How come Huobi is not shown in the markets on coinmarketcap? http://coinmarketcap.com/currencies/bitcoin/#markets
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Tzupy
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January 01, 2015, 01:07:17 PM |
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If this (from coinsight.org) is correct, I don't know, but looks legit:
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Sometimes, if it looks too bullish, it's actually bearish
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lebing
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Enabling the maximal migration
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January 01, 2015, 04:34:14 PM |
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
What does bid/ask sum have to do with predicting major movements in price? Jack shit. GTFO of here with that useless FUD you worthless troll.
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Bro, do you even blockchain? -E Voorhees
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N12
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January 01, 2015, 04:37:09 PM |
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
What does bid/ask sum have to do with predicting major movements in price? Jack shit. GTFO of here with that useless FUD you worthless troll. Really now? Over the years, I've found it an invaluable tool. Also, can you moderate your tone? By contrast of your response, you're certainly more of a troll than he is. Tzupy merely made some observations, and some of them even bullish in nature (so much for "FUD").
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lebing
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Activity: 1288
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Enabling the maximal migration
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January 01, 2015, 04:51:21 PM |
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I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped.
What does bid/ask sum have to do with predicting major movements in price? Jack shit. GTFO of here with that useless FUD you worthless troll. Really now? Over the years, I've found it an invaluable tool. Also, can you moderate your tone? By contrast of your response, you're certainly more of a troll than he is. Tzupy merely made some observations, and some of them even bullish in nature (so much for "FUD"). Sorry, but no. He just posts worthless garbage to get people to act the way he wants them to by inciting fear/ greed with very little rationale. I wouldn't expect you to notice that however as you are not much better.
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Bro, do you even blockchain? -E Voorhees
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N12
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January 01, 2015, 05:50:05 PM |
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Bid/ask sum and its divergences are one useful indicator among many. I disagreed with much of your past stuff too, but you never heard me berate or insult you for it. Tzupy's posts are not so much different from the creator of this thread, as he too uses mainly EW. I honestly think you're getting emotional here and reading things that just aren't there. Let's dissect the post in question. I will even color the parts for illustration. I made a comparison of the current bid and ask sums on Bistamp and Huobi, with the ones during the second half of September 2014.
Description of what he's looking at. Nothing to see here. The differences are massive: for Bitstamp, they suggest a major drop starting 3 - 5 days from now, and reaching 155$ - 180$ about 20 - 25 days from now. Bearish according to his interpretation of this particular indicator at one of the analyzed exchanges. He begins saying "the differences are massive", implying that there's two sides of the coin, with the other very different one yet to come. For Huobi, the bid sum has increased a lot, maybe the reinstated deposits are working and there has been fresh CNY entering Chinese exchanges. The other, bullish side of the coin, with even some bullish rumors/speculation mixed in. This complicates the situation, because the direction of the market depends on who leads. To crash Huobi a lot of coins must be dumped. A conclusion of confusion. And yes, our tone will stay moderate or I'll have to make it so. Discourse, not flame war. Thanks.
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pinky
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January 01, 2015, 06:00:51 PM |
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Yeah, no need to be nasty, just use ignore button. If you use it correctly you will end up with the best and most valuable comments + your life expectancy will increase due to the lack of stressors.
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SmoothCurves
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January 01, 2015, 06:03:27 PM |
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Yeah, no need to be nasty, just use ignore button. If you use it correctly you will end up with the best and most valuable comments + your life expectancy will increase due to the lack of stressors. Amen. That's what I do.
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Tzupy
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January 01, 2015, 06:42:20 PM |
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Blitz explained well what I meant, so I'll only add this: if the market would be driven by Bitstamp (or BTC-E) it should crash and burn. To do so, the downward movement has to gain momentum, but with a lot of fresh fiat on Chinese exchanges, this is difficult. While I doubt that there is enough fresh fiat on Huobi and others for a true trend reversal now, it may be enough to delay, dampen, and even truncate possible upcoming drops. To confirm a trend reversal (to bull market), IMO the market should at least break resistance at 365$.
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Sometimes, if it looks too bullish, it's actually bearish
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Wandererfromthenorth
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January 01, 2015, 07:01:38 PM Last edit: January 03, 2015, 05:28:59 PM by Wandererfromthenorth |
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Blitz explained well what I meant, so I'll only add this: if the market would be driven by Bitstamp (or BTC-E) it should crash and burn. To do so, the downward movement has to gain momentum, but with a lot of fresh fiat on Chinese exchanges, this is difficult. While I doubt that there is enough fresh fiat on Huobi and others for a true trend reversal now, it may be enough to delay, dampen, and even truncate possible upcoming drops. To confirm a trend reversal (to bull market), IMO the market should at least break resistance at 365$.
It's possible that chinese whales just put support in order to sustain the price during this consolidation. They need to keep the price inside the big triangle, only when we are forced to exit there is momentum to go lower. At that point the additional buy support needed to keep the price inside it will not be necessary anymore and will be pulled/self dumped. There was the 1-2k buy wall at bitstamp too for example a few days back (to help keep the price above $300) but was easily pulled/displaced. Red arrows show the point at which there is momentum to go lower because we are forced to exit the formations (either up or down):
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 01, 2015, 07:02:12 PM |
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Yeah, no need to be nasty, just use ignore button. If you use it correctly you will end up with the best and most valuable comments + your life expectancy will increase due to the lack of stressors. Amen. That's what I do. I had him on ignore for a long time, but it bothers me to no end that I see noobies getting sucked into his bullshit.
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Bro, do you even blockchain? -E Voorhees
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Wandererfromthenorth
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January 01, 2015, 07:03:31 PM Last edit: January 04, 2015, 07:21:22 PM by Wandererfromthenorth |
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But then again, I don't know if that chinese buy support is legit or fake.
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Wandererfromthenorth
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January 01, 2015, 07:07:24 PM |
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Yeah, no need to be nasty, just use ignore button. If you use it correctly you will end up with the best and most valuable comments + your life expectancy will increase due to the lack of stressors. Amen. That's what I do. I had him on ignore for a long time, but it bothers me to no end that I see noobies getting sucked into his bullshit. He posts perfectly legit analyses and observations but since it's not always bullish like you might like, you don't like reading them. Pretty simple really. You getting emotional over it and insulting people pretty much proves it.
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belmonty
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January 01, 2015, 10:29:44 PM |
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Did masterluc say he would be away from the thread for Christmas?
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