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Author Topic: Analysis  (Read 941449 times)
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January 13, 2015, 09:20:34 AM
 #2361

Went out mostly long due to bitstamp incident
Isn't this the opposite of what people usually do?

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bitcodo
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January 13, 2015, 09:27:19 AM
 #2362

Sorry, don't get it.
You were long but now you sold or you bought and get out of Bitstamp?
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January 13, 2015, 09:30:49 AM
 #2363

Sorry, don't get it.
You were long but now you sold or you bought and get out of Bitstamp?
He prolly means he won't risk trading.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 13, 2015, 09:54:35 AM
 #2364

pretty sure he means that he took his bitcoins out of bitstamp as soon as he could, leaving him long. I read this because of his posting of support, not because of the way his sentence is necessarily phrased  Wink

Bro, do you even blockchain?
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January 13, 2015, 10:03:27 AM
 #2365

Went out mostly long due to bitstamp incident
Isn't this the opposite of what people usually do?

Sorry, don't get it.
You were long but now you sold or you bought and get out of Bitstamp?

Sorry, don't get it.
You were long but now you sold or you bought and get out of Bitstamp?
He prolly means he won't risk trading.

pretty sure he means that he took his bitcoins out of bitstamp as soon as he could, leaving him long. I read this because of his posting of support, not because of the way his sentence is necessarily phrased  Wink

Truly the enigmatic master lucifer. Only confusion after his posts.  Grin



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January 13, 2015, 11:31:47 AM
 #2366

How's it looking now guys ? Might this be the throw over we're seeing now, or is this the start of the bull move ?
That's always tricky to judge I guess -  bull trap or throw over ?

The 'throw-over' scenario mentioned would be bullish. The example charts posted are for the bearish case, masterluc said to flip them.

hum so the throw over already occured when we went sub previous 266$ ATH?

https://i.imgur.com/jMtlfzA.jpg


nope. try sub 200.


I believe we're currently within that throw-over masterluc mentioned as a possibility back on the 4th, which began with the breakdown at 245. If 225 doesn't hold here, the market will likely test 200 (195-205 range, with 205 being my personal buy target). So far though, his hypothesis seems to be unfolding the way he indicated...

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January 13, 2015, 03:11:44 PM
 #2367

I'd prefer to wait for current levels for long, but yes, risk with bitstamp was high.

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January 13, 2015, 03:16:28 PM
 #2368

I'd prefer to wait for current levels for long, but yes, risk with bitstamp was high.

current levels?
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January 13, 2015, 06:26:54 PM
 #2369

I'd prefer to wait for current levels for long, but yes, risk with bitstamp was high.

Thanks for the update on current sentiment & clarification on Bitstamp statement.
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January 13, 2015, 07:00:20 PM
 #2370

I am waiting for one more down, but China seems to have gone to sleep, so the rest of the market waits for them to wake up and decide direction.
If there won't be one more down, this means it was truncated (locally), and since the volume wasn't IMO high enough for capitulation, it would
leave open the possibility of a larger order extension. So... bulls, pray that we go down one more time and that should be THE bottom.

Sometimes, if it looks too bullish, it's actually bearish
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January 13, 2015, 07:05:35 PM
 #2371

I'd prefer to wait for current levels for long, but yes, risk with bitstamp was high.

current levels?
He probably means that he didn't want to go long yet, but had to, because of the bitstamp risk.

Fairplay medal of dnaleor's trading simulator. Smiley
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January 13, 2015, 07:07:25 PM
 #2372

I am waiting for one more down, but China seems to have gone to sleep, so the rest of the market waits for them to wake up and decide direction.
If there won't be one more down, this means it was truncated (locally), and since the volume wasn't IMO high enough for capitulation, it would
leave open the possibility of a larger order extension. So... bulls, pray that we go down one more time and that should be THE bottom.

Larger order extension?
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January 13, 2015, 07:17:55 PM
 #2373

* masterluc buying frenzy  Grin




Price can throw over the wedge resistance/support line shortly at the end (bearish wedge on example, flip image upside down)




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Tzupy
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January 13, 2015, 07:30:23 PM
 #2374

I am waiting for one more down, but China seems to have gone to sleep, so the rest of the market waits for them to wake up and decide direction.
If there won't be one more down, this means it was truncated (locally), and since the volume wasn't IMO high enough for capitulation, it would
leave open the possibility of a larger order extension. So... bulls, pray that we go down one more time and that should be THE bottom.

Larger order extension?

The bulls on Bitfinex think since it didn't go down in due time, it was truncated, maybe it was, but Chinese volume is much weaker.
By a "larger order extension" I mean that while the market may go up for a while (several days), because it was truncated and didn't drop low enough, it could drop again below the current low.
To confirm truncation, the market needs to stay for a significant amount of time above 240$.

Sometimes, if it looks too bullish, it's actually bearish
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January 13, 2015, 07:44:10 PM
 #2375

I am waiting for one more down, but China seems to have gone to sleep, so the rest of the market waits for them to wake up and decide direction.
If there won't be one more down, this means it was truncated (locally), and since the volume wasn't IMO high enough for capitulation, it would
leave open the possibility of a larger order extension. So... bulls, pray that we go down one more time and that should be THE bottom.

Larger order extension?

The bulls on Bitfinex think since it didn't go down in due time, it was truncated, maybe it was, but Chinese volume is much weaker.
By a "larger order extension" I mean that while the market may go up for a while (several days), because it was truncated and didn't drop low enough, it could drop again below the current low.
To confirm truncation, the market needs to stay for a significant amount of time above 240$.
Was ist truncation?
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January 13, 2015, 07:44:39 PM
 #2376

interesting
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January 13, 2015, 08:09:07 PM
 #2377

why didn't you sell them back to bitfinex then?
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January 14, 2015, 06:15:39 AM
 #2378

A bit of nasty speculation for you all...

Bitcoin hits $200 in January  Wink



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January 14, 2015, 06:26:04 AM
 #2379

A bit of nasty speculation for you all...

Bitcoin hits $200 in January  Wink





wow!
that was a lucky guess! congrats!
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January 14, 2015, 06:48:29 AM
 #2380

A bit of nasty speculation for you all...

Bitcoin hits $200 in January  Wink





wow!
that was a lucky guess! congrats!

You could probably do it too if you'd stop looking at it as merely "a guess".

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