michaelGedi
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"to be or not to be, that is the bitcoin"
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March 13, 2015, 02:46:12 PM |
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notify/watch not working for me.. thanks for thread
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JustAnotherSheep
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March 13, 2015, 07:03:50 PM |
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Why do you use stamp to at? Bitfinex or btcchina is not better now to at? Bitstamp last days chart looks pretty different than chinese markets and finex. Btw. great thread, I'll watch. Good luck.
The market is connected, exchanges follow each other, arbitrage and create an inter-exchange dynamic which is reflected in every exchange. Analysis on only one (in this case Bitstamp) will still yield signals/patterns for the rest of them, particularly on larger timescales which is luc's range. On lower scales, however, individual exchanges may behave slightly differently, and sometimes a decision for sudden change in movement is clearly triggered in one, usually one with highest volume, which is then followed by the rest (or sometimes not). But over time the small differences even out, so the longer term picture is similar across the board. Besides, luc probably trades on stamp and old habits are hard to break
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Is it a bull? Is it a bear? No, it's just another sheep.
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masterluc (OP)
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March 15, 2015, 03:06:05 AM Last edit: March 15, 2015, 03:33:56 AM by masterluc |
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I had VERY FUCKING NEGATIVE expirence trading with bfx for almost year. I don't have idea who is iFinex Inc and why do they still beta after two years.
And I am not Chinese to trade at btcchina. Don't ask dumb questions.
Also I don't see any significant difference between those 3 exchanges graphs.
As for situation report. WARNING! Hidden bearish divergences I mentioned above are doomed to be unless miracle. This doesn't mean daily sma200 can't be retested. But price should break 470 high almost immediately for good bullish scenario.
Taking into account daily picture, I look at weekly chart and unfortunately observe rising odds that bullish bounce will terminate at weekly sma20.
TLDR: this may be a bull trap.
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Xiaoxiao
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The Golden Rule Rules
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March 15, 2015, 03:41:37 AM |
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Luc- Do you see the current correction continuing to as low as $270? or maybe even $250 ?
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masterluc (OP)
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March 17, 2015, 11:07:22 PM |
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Daily hidden bearish macd/rsi divergence formed, warning active.
Rising bullish signal to 450 lower high break up.
Strong bearish prediction if price touch 208 low.
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Bassica
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March 17, 2015, 11:35:23 PM |
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Daily hidden bearish macd/rsi divergence formed, warning active.
Rising bullish signal to 450 lower high break up.
Strong bearish prediction if price touch 208 low.
uh-oh... Are you with tim west for the bearish target? https://www.tradingview.com/v/iWXmzaeG/
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masterluc (OP)
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March 18, 2015, 12:00:12 AM |
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Somewhere around 100 if price will touch 208 again.
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hdbuck
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March 18, 2015, 12:38:46 AM |
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Somewhere around 100 if price will touch 208 again.
Lol. Shorts everywhere.
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Xiaoxiao
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The Golden Rule Rules
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March 18, 2015, 12:49:49 AM |
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Luc- what happened to your confident assessment that it will hit at least 310-400 or whatever.
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masterluc (OP)
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March 18, 2015, 12:50:50 AM |
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208 - bearish 450 - bullish Everything between - undefined, hehe. Pretty wide range
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masterluc (OP)
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March 18, 2015, 12:52:49 AM |
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Luc- what happened to your confident assessment that it will hit at least 310-400 or whatever.
Rise was too slow, too low volume. Bearish divergence appeared earlier than price went to safe zone.
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Morecoin Freeman
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March 18, 2015, 01:04:59 AM |
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I agree the rally was too weak, I've addressed this a couple of times in the past few days also. I'd say we go down $300 was the top. Also most profitable direction for the whales since there will be more margin calls to trigger than in the other direction.
Mmm I have a positive outlook on bitcoin but my interpretation right now is that demand is stalling. This is nothing like last summer's rally from $420 to $680.
For now I think we will not go past $300 for quite some time. But hey this is bitcoin so anything could happen still...
I'm pretty confident the bear market will continue for some longer. No big deal for the day traders but some long term investors might get disappointed. Hang in there!
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Ask the stranger he knows who you really are.
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Xiaoxiao
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The Golden Rule Rules
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March 18, 2015, 01:15:52 AM |
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Luc- what happened to your confident assessment that it will hit at least 310-400 or whatever.
Rise was too slow, too low volume. Bearish divergence appeared earlier than price went to safe zone. Yeah I wasn't too thrilled about your bullish assessments. This recent bounce from 166 barely cracked 300 and now it is tanking. 100 might be more realistic than $400...
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Chef Ramsay
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March 18, 2015, 01:39:19 AM |
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Luc- what happened to your confident assessment that it will hit at least 310-400 or whatever.
Rise was too slow, too low volume. Bearish divergence appeared earlier than price went to safe zone. So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
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masterluc (OP)
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March 18, 2015, 04:21:49 PM |
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So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
As long as you research other's coins and thoughts you stay poor.
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lebing
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Enabling the maximal migration
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March 18, 2015, 04:42:59 PM |
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So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
As long as you research other's coins and thoughts you stay poor. I am sure there is some seriously wise info locked in that quote but for the life of me I can't figure what it is.
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Bro, do you even blockchain? -E Voorhees
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Wekkel
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yes
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March 18, 2015, 05:17:15 PM |
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So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
As long as you research other's coins and thoughts you stay poor. I am sure there is some seriously wise info locked in that quote but for the life of me I can't figure what it is. Go way back in this thread and you will find some guidance.
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Pruden
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March 18, 2015, 07:33:21 PM |
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It's just that price and its action is the only thing that matters. When trading it is of no use trying to discern other people's intentions and thoughts. The price action displays them in full view.
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michaelGedi
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 18, 2015, 07:55:56 PM |
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It's just that price and its action is the only thing that matters. When trading it is of no use trying to discern other people's intentions and thoughts. The price action displays them in full view.
makes much more sense, deleting my comment
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Chef Ramsay
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March 18, 2015, 07:59:06 PM |
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So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?
As long as you research other's coins and thoughts you stay poor. Yeah, I was merely asking from a spectator's standpoint. I hold and do very little trading but was just trying to stoke another opinion into the works. The ups and downs have never really bothered me, I had just accumulated a certain amount of coins I wanted for the long haul and am comfortable with my current position. Of course, I keep adding occasionally in this market.
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