|
realdos
|
 |
July 10, 2015, 05:27:16 PM |
|
I'll take this as a personal offense...  Hahaha.. |
|
|
|
|
|
|
|
|
|
|
|
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
masterluc (OP)
Legendary
 Offline
Activity: 938
Merit: 1013
|
|
July 10, 2015, 05:27:23 PM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
|
|
|
|
|
realdos
|
|
July 10, 2015, 05:28:47 PM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
Master, what is the price target the short term bubble may reach then, please? |
|
|
|
|
wlefever
Legendary
Offline
Activity: 1173
Merit: 1001
|
|
July 10, 2015, 05:31:33 PM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
We need to break the Bollinger band, or we will just see a Bollinger bounce and head back down to the middle. |
|
|
|
Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
|
|
July 10, 2015, 05:35:21 PM |
|
I'll take this as a personal offense... What are you, tarmi's blood brother who can't see the winds are changing? If I was you, I'd ditch that avatar now that bear season is mostly over with. |
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
|
July 10, 2015, 05:36:19 PM |
|
Price action, volume, it all looks quite good to me... the problem is, bid side is depleting rapidly (stamp and finex), which makes me wonder how long this one will last.
Any thoughts on that, luc?
|
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
July 10, 2015, 05:38:43 PM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
We need to break the Bollinger band, or we will just see a Bollinger bounce and head back down to the middle. I said earlier, with current weekly BB configuration it will likely to expand rather than to be an unbreakable wall. |
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
July 10, 2015, 05:40:45 PM |
|
Price action, volume, it all looks quite good to me... the problem is, bid side is depleting rapidly (stamp and finex), which makes me wonder how long this one will last.
Any thoughts on that, luc?
I don't have idea what is "bid side" in TA. |
|
|
|
Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
|
|
July 10, 2015, 05:47:39 PM |
|
Price action, volume, it all looks quite good to me... the problem is, bid side is depleting rapidly (stamp and finex), which makes me wonder how long this one will last.
Any thoughts on that, luc?
The problem is that the litecoin ponzi pump is highly misleading, it amplified a normal market movement for bitcoin. It seems 76 million $ were used to pump litecoin, and the abnormal spike of BTC in China is related to the ponzi. Those behind the ponzi have cashed out some in BTC, but what will happen when the ponzi will burst? The bid side looks depleted, just like at the peak in March. If the uptrend can be sustained for the next days, and stabilize significantly above 305$, then there is a good chance the bear market is over. As for my avatar, if someone finds it offensive, feel free to report it to the moderator...  |
Sometimes, if it looks too bullish, it's actually bearish
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
|
July 10, 2015, 06:05:16 PM |
|
Price action, volume, it all looks quite good to me... the problem is, bid side is depleting rapidly (stamp and finex), which makes me wonder how long this one will last.
Any thoughts on that, luc?
I don't have idea what is "bid side" in TA. Ratio of total bids vs. total asks, for example. Bitstamp  Bitfinex  Not a perfectly reliable indicator obviously ("hidden" coins/USD, orderbook being painted), but strong divergences (such as now) tend to show an effect, by my experience. But I guess what you're saying is: fuck the order book?  |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
|
|
|
|
pinky
|
|
July 10, 2015, 06:16:37 PM |
|
But I guess what you're saying is: fuck the order book? People react in anticipation of price changes not on order book changes. Money will come if people think price is going up. |
|
|
|
BldSwtTrs
Legendary
Offline
Activity: 861
Merit: 1010
|
|
July 10, 2015, 07:46:21 PM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
What would be a target price for that short term bubble? |
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
July 10, 2015, 10:56:56 PM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
What would be a target price for that short term bubble? Who knows? I can identify only reversal. Analyst job is hard  |
|
|
|
av123
Member
Offline
Activity: 98
Merit: 10
|
|
July 11, 2015, 12:13:12 AM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
What would be a target price for that short term bubble? Who knows? I can identify only reversal. Analyst job is hard You can't survive on selling bananas alone. |
|
|
|
|
|
realdos
|
|
July 11, 2015, 04:14:07 AM |
|
Seriously - Bitcoin is at top of a weekly bollinger band. If it stay here for few days - new short term bubble will start.
What would be a target price for that short term bubble? Who knows? I can identify only reversal. Analyst job is hard But you successfully predicted the bottom when the price fell from 300ish to 150.  |
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
July 11, 2015, 05:07:12 AM
Last edit: July 11, 2015, 05:19:56 AM by masterluc |
|
I didn't. I said probably. Downtrend in Bitcoin isn't parabolic. I can't say it's over until price leave trend channel plus some indicators to identify start of strong reversal.
It was by this way:
1. I identified big bullish wedge and according to it's typical count assumed there should be throw over the bottom line and it should be a bottom. Actually it was. I declared LONG at 270.
2. Once price left wedge to upside - there was no blow up action - just flat. I suggested that there should be other hints leaving downtrend and started to monitor logarithmic trend. Along with that there was a possibility for new lows.
3. Silence period was prolonged and I discovered weekly sma200 at ~210 which looked as massive resistance and not gonna surrender. So the further path should be probably up like in 2012.
4. Then was clear impulsive move up to logarithmic trend line and break of it. And I said I see the moon.
5. Today is last week day and price is above weekly upper bb. And I say now we sit at Cape Canaveral in a rocket of Appolo mission of new moon discovery. Operator counts down.
Parabolic top may be identified more accurately. Because once it stops acceleration - it will crash. In 2013 ATH first (266) and second (1200) I saw clear signs of slowing down rise acceleration and said it's over. And it was over less than day. 50% crash was after.
TLDR: I can't identify a bottom in it's time. I can identify bottom after price already far from it. But I can identify parabolic top, while price in it.
|
|
|
|
|
BTCtrader71
|
|
July 11, 2015, 06:52:12 AM |
|
And I say now we sit at Cape Canaveral in a rocket of Appolo mission of new moon discovery. Operator counts down.
Does the recent Litecoin pump play any role in your thoughts? It feels to me like it may have aroused some appetites, like an appetizer for the main course. A reminder that parabolic runs are not a thing of the past; and FOMO may be easier to trigger now in those who missed out on the Litecoin action. |
BTC: 14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
|
|
|
|
Wary
|
|
July 11, 2015, 07:06:34 AM |
|
|
Fairplay medal of dnaleor's trading simulator. 
|
|
|
|
8up
|
|
July 11, 2015, 09:42:03 AM |
|
No rally in your graph just means -> rally postponed for some more month. Could very well live with that, as I am preparing to put a lot more monies into bitcoin by the end of the year.
|
Always wrong until not.
|
|
|
|
Wary
|
|
July 11, 2015, 12:01:37 PM |
|
No rally in your graph just means -> rally postponed for some more month. Could very well live with that, as I am preparing to put a lot more monies into bitcoin by the end of the year.
Of course rally will come eventually. I'm just trying to figure out what to do now - to sell or not to sell |
Fairplay medal of dnaleor's trading simulator.
|
|
|
|
