Analysis

[Miz4r]

Lucif, have you re bought or do you missed the train ? :-)

What do you think? You'd be crazy to rebuy here if you sold earlier, unless it's for a quick scalp.

Probably you're right, this looks a somewhat irrational rise.
Yet if what we have here is a true bubble it may pop soon or it may spike up noticeably from here.

Nobody knows how high this will spike, but you can clearly see the ramp up has been accelerating and if you extrapolate this you can state with 99% certainty that a serious crash/correction is coming within 2-3 days from now (my guess is either today or tomorrow). I'm not a bear like some people are, I think we'll be higher than we are now next year. But very short term we can clearly see that a big crash is coming, and the higher we spike the deeper the following crash will be.

[ft73]

Lucif, have you re bought or do you missed the train ? :-)

What do you think? You'd be crazy to rebuy here if you sold earlier, unless it's for a quick scalp.

Probably you're right, this looks a somewhat irrational rise.
Yet if what we have here is a true bubble it may pop soon or it may spike up noticeably from here.

Nobody knows how high this will spike, but you can clearly see the ramp up has been accelerating and if you extrapolate this you can state with 99% certainty that a serious crash/correction is coming within 2-3 days from now (my guess is either today or tomorrow). I'm not a bear like some people are, I think we'll be higher than we are now next year. But very short term we can clearly see that a big crash is coming, and the higher we spike the deeper the following crash will be.

I absolutely agree about a correction coming within 2 days (i'd say tomorrow or friday).
The point IMHO is how high price may spike up in the meantime.

China just broke 3200 CNY, so 500$ is in the charts and 550-600$ is not out question IMHO, even if that's NOT the most probable scenario.

[Hunyadi]

Lucif, have you re bought or do you missed the train ? :-)

What do you think? You'd be crazy to rebuy here if you sold earlier, unless it's for a quick scalp.

Probably you're right, this looks a somewhat irrational rise.
Yet if what we have here is a true bubble it may pop soon or it may spike up noticeably from here.

Nobody knows how high this will spike, but you can clearly see the ramp up has been accelerating and if you extrapolate this you can state with 99% certainty that a serious crash/correction is coming within 2-3 days from now (my guess is either today or tomorrow). I'm not a bear like some people are, I think we'll be higher than we are now next year. But very short term we can clearly see that a big crash is coming, and the higher we spike the deeper the following crash will be.

Didn't we just crashed to USD 375 from USD 420, that's not big enough?

[Dilla]

Depending on the size of this bubble, there could be more instances like that, where we correct then rise, maybe even of greater amounts.

[ft73]

Masterluc?

[lebing]

Well, I took a small short at 475$, let's see how this goes...

Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.

lol tzupy you will never learn man.

[Tzupy]

Well, I took a small short at 475$, let's see how this goes...

Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.

lol tzupy you will never learn man.

That the piglets are insane, that's indeed hard for me to learn. The bid sum in China has been decreasing, but the asks are thin, and only inertia kept this shit going up.

[ft73]

Closed 40% of my longs from 2XX$ at 490$.
Let's see.

[lebing]

Well, I took a small short at 475$, let's see how this goes...

Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.

lol tzupy you will never learn man.

That the piglets are insane, that's indeed hard for me to learn. The bid sum in China has been decreasing, but the asks are thin, and only inertia kept this shit going up.

The market can be irrational longer than you can be solvent.

AKA the history of bears in bitcoin.

[notme]

Well, I took a small short at 475$, let's see how this goes...

Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.

lol tzupy you will never learn man.

That the piglets are insane, that's indeed hard for me to learn. The bid sum in China has been decreasing, but the asks are thin, and only inertia kept this shit going up.

The market can be irrational longer than you can be solvent.

AKA the history of bears in bitcoin.

+1

[TaurusBit]

Resistance CNY 3300 / USD 500.. Let's break it, bulls!

[thefiniteidea]

Well I was wrong.

I have no idea how high this is going. To be fair, I don't think anyone does at this point.

I'm wondering though, we didn't have leveraged buying back 2013 right? At least not to the extent we have today... I wonder how large of a role that is playing here.

[Morecoin Freeman]

I feel like 500 USD, 3300 CNY, this could be it. Nice round numbers and a lot of profit.

[Bagatell]

I feel like 500 USD, 3300 CNY, this could be it. Nice round numbers and a lot of profit.

This is your "analysis"?

[ft73]

I feel like 500 USD, 3300 CNY, this could be it. Nice round numbers and a lot of profit.

Now what about a healthy retrace to at least 3000 CNY and a last leg up?
I would greatly enjoy one more ride ...

EDIT: buy orders set from 430$ all the way down down to 315$.

[Morecoin Freeman]

I feel like 500 USD, 3300 CNY, this could be it. Nice round numbers and a lot of profit.

This is your "analysis"?

At this point, yes, it may as well be. Technical indicators tend to become inaccurate in these kind of pumps.

[sartech]

resistance it will apear in next days, probably 7 to 8 nov, until then spikes with 20%

[Tzupy]

Well, I took a small short at 475$, let's see how this goes...

Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.

lol tzupy you will never learn man.

That the piglets are insane, that's indeed hard for me to learn. The bid sum in China has been decreasing, but the asks are thin, and only inertia kept this shit going up.

The market can be irrational longer than you can be solvent.

AKA the history of bears in bitcoin.

+1

You permabulls keep hodling...

I expected to have more warning, but 3 min MACD crossed to bearish much faster than I expected, now I hope for a rebound to open a new short.

[BitcoinNewsMagazine]

It takes big balls to short when a parabolic price rise is ongoing.

[brg444]

It takes big balls to short when a parabolic price rise is ongoing.

Especially when you pick calls based on the 3m MACD