ssmc2
Legendary
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Activity: 2002
Merit: 1040
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January 14, 2015, 11:12:59 PM |
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Is this capitulation, Master?
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podyx
Legendary
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Activity: 2338
Merit: 1035
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January 14, 2015, 11:57:12 PM |
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Selling at ~$195 and buying at ~$132
Thoughts on this?
is there any chance that we'll see a retrace up to 240 or something before going further down?
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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January 15, 2015, 12:29:24 AM |
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Is this the capitulation/bottom everyone has been shouting about? Or is there more to come? just lying on the beach thinking about going for a beer what beach?
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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January 15, 2015, 12:36:02 AM |
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Selling at ~$195 and buying at ~$132
Thoughts on this?
is there any chance that we'll see a retrace up to 240 or something before going further down?
Don't you think you're being a little greedy? Seriously though, yes there is a possibility of 230's if this is the C of another 4th wave. The rise off the bottom looks more corrective, and with the extended downtrend and lack of a decent pull back, there is the chance that we are still in the corrective move off the bottom. I still see a good chance of lower lows in our future, but maybe not for a few days.
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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January 15, 2015, 12:42:00 AM |
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Selling at ~$195 and buying at ~$132
Thoughts on this?
is there any chance that we'll see a retrace up to 240 or something before going further down?
Don't you think you're being a little greedy? Seriously though, yes there is a possibility of 230's if this is the C of another 4th wave. The rise off the bottom looks more corrective, and with the extended downtrend and lack of a decent pull back, there is the chance that we are still in the corrective move off the bottom. I still see a good chance of lower lows in our future, but maybe not for a few days. Maybe we hit $132...wont last very long. Some people tend to get caught in short squeezes then end up selling too low and buying back higher. Everyone make your own decisions without blaming anyone else for the outcome.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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poncho32
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January 15, 2015, 12:56:44 AM |
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Selling at ~$195 and buying at ~$132
Thoughts on this?
is there any chance that we'll see a retrace up to 240 or something before going further down?
Don't you think you're being a little greedy? Seriously though, yes there is a possibility of 230's if this is the C of another 4th wave. The rise off the bottom looks more corrective, and with the extended downtrend and lack of a decent pull back, there is the chance that we are still in the corrective move off the bottom. I still see a good chance of lower lows in our future, but maybe not for a few days. Maybe we hit $132...wont last very long. Some people tend to get caught in short squeezes then end up selling too low and buying back higher. Everyone make your own decisions without blaming anyone else for the outcome. +1 The post below describes a short squeeze but if you read its thread the author isn't against shorts, just warning what can happen. I have. And its not pleasant. In fact, they are extremely vicious. Without appropriate risk management, they have the ability to wipe you out.
Imagine the Spring ramp repeating itself while you're holding short. The mentality has settled in with virtually all the Bears that Bitcoin is done and is going to zero. They are taking their victory laps and cheering their profits. This type of mentality is just as bad as the speculative bubble, only in reverse.
I have most unpleasant news for you. The Squeeze of the Century is coming. It may not be tomorrow, next month, or even next year, buts its coming and you will be crushed.
I know the feeling. You shorts are probably sleeping less well now while you're making profits than you did before. Thats because deep down you know the protocol has not failed, you know that 99% of the people want Bitcoin but just don't know it yet, you know the developers are still out there and working on improvements, and you know that big money is waiting on the sidelines for the perfect time to buy and buy hard.
Typically the ramps come in the middle of the night. You wake up and the price has doubled trapping you deeply in the losing trade. You wait and wait for the price to come back down but it never does as the price moves upwards incessantly to force you to cover. The pendulum has swung too far to the wrong side.
Just wait. Its coming...
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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January 15, 2015, 01:10:54 AM |
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Maybe we hit $132...wont last very long. Some people tend to get caught in short squeezes then end up selling too low and buying back higher. Everyone make your own decisions without blaming anyone else for the outcome. I agree with this. Everyone should be making their own decisions on trades they take. That said, I merely gave a vague idea. "possibly up" and "possibly down". podyx, being a watcher of the numerous EW threads, I'm sure he understands that I'm not saying that we are definitely going to make new lows. Only that it is possible from every standpoint in TA. There is still a helluva lot of indecision in the market. This is tough trading for sure and the whipsaws can ruin you. These are the risks that we as traders take. We're all grown ass men here (a few women too ) so more than able to take our own responsibility for our actions. Selling at ~$195 and buying at ~$132
Thoughts on this?
is there any chance that we'll see a retrace up to 240 or something before going further down?
Don't you think you're being a little greedy? Seriously though, yes there is a possibility of 230's if this is the C of another 4th wave. The rise off the bottom looks more corrective, and with the extended downtrend and lack of a decent pull back, there is the chance that we are still in the corrective move off the bottom. I still see a good chance of lower lows in our future, but maybe not for a few days. Maybe we hit $132...wont last very long. Some people tend to get caught in short squeezes then end up selling too low and buying back higher. Everyone make your own decisions without blaming anyone else for the outcome. +1 The post below describes a short squeeze but if you read its thread the author isn't against shorts, just warning what can happen. I have. And its not pleasant. In fact, they are extremely vicious. Without appropriate risk management, they have the ability to wipe you out.
Imagine the Spring ramp repeating itself while you're holding short. The mentality has settled in with virtually all the Bears that Bitcoin is done and is going to zero. They are taking their victory laps and cheering their profits. This type of mentality is just as bad as the speculative bubble, only in reverse.
I have most unpleasant news for you. The Squeeze of the Century is coming. It may not be tomorrow, next month, or even next year, buts its coming and you will be crushed.
I know the feeling. You shorts are probably sleeping less well now while you're making profits than you did before. Thats because deep down you know the protocol has not failed, you know that 99% of the people want Bitcoin but just don't know it yet, you know the developers are still out there and working on improvements, and you know that big money is waiting on the sidelines for the perfect time to buy and buy hard.
Typically the ramps come in the middle of the night. You wake up and the price has doubled trapping you deeply in the losing trade. You wait and wait for the price to come back down but it never does as the price moves upwards incessantly to force you to cover. The pendulum has swung too far to the wrong side.
Just wait. Its coming...
Nobody was even talking about shorting it down. At least in the original conversation smoothie was replying to. Selling BTC for fiat is not the same as shorting. If the price rises while you're in fiat, you lose nothing except opportunistic gains. You have the ability to wait for the retrace to get in. You are not forced out of your current position as with a short squeeze. For the record, I have been accumulating for the last few days so I am in no way telling anyone to short nor am I short. Shorting here is the most extreme of risk and the whole idea of trading is to minimize risk for whatever position you take.
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poncho32
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January 15, 2015, 01:18:55 AM |
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................ Selling at ~$195 and buying at ~$132
Thoughts on this?
is there any chance that we'll see a retrace up to 240 or something before going further down?
Don't you think you're being a little greedy? Seriously though, yes there is a possibility of 230's if this is the C of another 4th wave. The rise off the bottom looks more corrective, and with the extended downtrend and lack of a decent pull back, there is the chance that we are still in the corrective move off the bottom. I still see a good chance of lower lows in our future, but maybe not for a few days. Maybe we hit $132...wont last very long. Some people tend to get caught in short squeezes then end up selling too low and buying back higher. Everyone make your own decisions without blaming anyone else for the outcome. +1 The post below describes a short squeeze but if you read its thread the author isn't against shorts, just warning what can happen. I have. And its not pleasant. In fact, they are extremely vicious. Without appropriate risk management, they have the ability to wipe you out.
Imagine the Spring ramp repeating itself while you're holding short. The mentality has settled in with virtually all the Bears that Bitcoin is done and is going to zero. They are taking their victory laps and cheering their profits. This type of mentality is just as bad as the speculative bubble, only in reverse.
I have most unpleasant news for you. The Squeeze of the Century is coming. It may not be tomorrow, next month, or even next year, buts its coming and you will be crushed.
I know the feeling. You shorts are probably sleeping less well now while you're making profits than you did before. Thats because deep down you know the protocol has not failed, you know that 99% of the people want Bitcoin but just don't know it yet, you know the developers are still out there and working on improvements, and you know that big money is waiting on the sidelines for the perfect time to buy and buy hard.
Typically the ramps come in the middle of the night. You wake up and the price has doubled trapping you deeply in the losing trade. You wait and wait for the price to come back down but it never does as the price moves upwards incessantly to force you to cover. The pendulum has swung too far to the wrong side.
Just wait. Its coming...
Nobody was even talking about shorting it down. At least in the original conversation smoothie was replying to. Selling BTC for fiat is not the same as shorting. If the price rises while you're in fiat, you lose nothing except opportunistic gains. You have the ability to wait for the retrace to get in. You are not forced out of your current position as with a short squeeze. For the record, I have been accumulating for the last few days so I am in no way telling anyone to short nor am I short. Shorting here is the most extreme of risk and the whole idea of trading is to minimize risk for whatever position you take. Sorry I misinterpreted what you meant by a short squeeze.
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masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
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January 15, 2015, 01:22:38 AM |
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I'd say it's a bottoming behavior, but how far it may go I don't have idea.
I am worry about price is under both daily and weekly bb, so it may accelerate down. Also I don't like latest bearish weekly macd hook.
But ew suggests a bottoming picture.
Latest bottom should be followed by triangle consolidation in a case of continuation.
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masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
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January 15, 2015, 12:17:18 PM |
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EURCHF holy fuck...
Turbulence on markets!
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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January 15, 2015, 12:23:59 PM |
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EURCHF holy fuck...
Turbulence on markets!
And people say Bitcoin is volatile.
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 15, 2015, 12:45:57 PM |
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Nicely done Swiss CB. They just completely fucked over their export business. Whatever reason they had, it must be a good one. They next few weeks should be interesting to say the least.
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Bro, do you even blockchain? -E Voorhees
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pinky
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January 15, 2015, 12:49:35 PM |
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They just completely fucked over their export business.
And many more people that have loans denominated in CHF, contracts in CHF, hedge funds... Black swan event.
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RoadTrain
Legendary
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Activity: 1386
Merit: 1009
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January 15, 2015, 01:29:22 PM |
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Nicely done Swiss CB.
They just completely fucked over their export business. Whatever reason they had, it must be a good one. They next few weeks should be interesting to say the least.
Probably they got tired of buying billions of euros to enforce the cap. The current account surplus is too high and needs to balance itself.
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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January 15, 2015, 01:45:40 PM |
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They just completely fucked over their export business.
no they dint also is irrelevant is all about imports
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Igluenza
Newbie
Offline
Activity: 22
Merit: 0
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January 15, 2015, 01:46:18 PM |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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January 15, 2015, 02:44:03 PM |
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Well done SNB, that EUR/CHF move was sweet
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Richard Branson
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January 15, 2015, 03:11:21 PM |
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True! 15% discount nearly worldwide. Deal of the day.
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 15, 2015, 04:28:40 PM |
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They just completely fucked over their export business.
no they dint also is irrelevant is all about imports tell that to swatch.
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Bro, do you even blockchain? -E Voorhees
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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January 15, 2015, 04:36:25 PM |
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They just completely fucked over their export business.
no they dint also is irrelevant is all about imports tell that to swatch. made in china?
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