Analysis

[maxll]

Did you sell 830? 

[1714093959]

1714093959

[oda.krell]

My previous intra-day trading tip on my previous post worked to perfection.







Price currently resides below topside resistance where we look for additional scalping opportunities

You have a strange definition of 'perfect'. Your first "sell 830, buy dips" was correct. The second one, not so much (~870 atm)

[Okurkabinladin]

My previous intra-day trading tip on my previous post worked to perfection.



Price currently resides below topside resistance where we look for additional scalping opportunities

You have a strange definition of 'perfect'. Your first "sell 830, buy dips" was correct. The second one, not so much (~870 atm)

You failed to read my entire post.

A: I'm a day trader so I only trade the day. Your talking about price action over a day.

B: Again you didn't read the post because had you and had you looked at a chart you would have seen price came under 830 where I bought again per my trade recommendation and where I am now sitting on coins plus profit.

Your interpreting my post and my trade setup recommendation incorrectly.

I can see there is a lot of negativity, hostility from individuals who don't seem to be taking the time to read a post correctly and thoroughly in this thread so I'll go else where with my trading thoughts.

Thanks

All I see is Oda Krell trying to correct your charts with reality. Being butthurt must be fun, huh? 

[sumantso]

It is very complicated now. Gox is staying over BTCChn. Wonder what will happen

[lebing]

After recent events I'm thinking this is not going to play out as it previously has and we could very well just level off for a little while before pushing $1,000+ (more like an inverse head & shoulders type pattern).

 

[maurya78]

Yep, the analysis truly never ends

Always question the game

[ft73]

I said watching gold parity.

 

[masterluc]

Well I decided to verify my count against btcchina.... And saw the same picture. According to this, we are still in extension of [3] of historical 5.

Probably this is nuts, but count says the price didn't completed even half way to top.

Notice that rising volume confirms trend strength.

[masterluc]

Also expirenced traders could see a pronounced bull pennant with target around 10000 CNY/BTC

[adamas]

Whats the reason for this discrepance?

[Rampion]

The price is not even halfway to top. This seems clear, there is not even need for technicals. This time we are going mainstream for REAL and big money wants in. I won't surprise for the interim top being +$2,500 - and 5 figures in the next 12/24 months.

Bitcoin is steadily arriving to its tipping point: it either succeeds or becomes one of the biggest speculative bubbles in history.

[samurai1200]

Whats the reason for this discrepance?

(image of btcchina vs btce)

BTCe was overbought for nearly a whole day at almost parity with bitstamp. In the past week or so there has generally been a $40-80 gap between bitstamp and btce.

[edit] actually, now that im looking at bitcoincharts, the big 3 USD exchanges are all overbought. the REALLY weird part is that BTCe reacted first. the other 2 havent reacted yet, and are following btcchina.

[edit2] even weirder, it looks like the people that dumped btc on btce escaped into litecoin... boy do i regret getting out of LTC...

[masterluc]

[edit2] even weirder, it looks like the people that dumped btc on btce escaped into litecoin... boy do i regret getting out of LTC...

I think the whole litecoin capitalization will run back into bitcoin soon pumping another price jump =)

[lebing]

[edit2] even weirder, it looks like the people that dumped btc on btce escaped into litecoin... boy do i regret getting out of LTC...

I think the whole litecoin capitalization will run back into bitcoin soon pumping another price jump =)

I agree, but then again I've been wrong so far about litecoin. I think it has to do with the psychology of paying 4 digits for something. I dont think we will see litecoin fade until people starting using something smaller like bits.

[masterluc]

http://blog.oleganza.com/post/68246062759/arguments-for-litecoin-are-fraudulent

http://www.reddit.com/r/Bitcoin/comments/1rmwnx/the_cryptowar_begins_and_why_you_should_pay/

http://www.reddit.com/r/Bitcoin/comments/1rjv6l/my_response_to_a_litecoin_advocate/

[lebing]

http://blog.oleganza.com/post/68246062759/arguments-for-litecoin-are-fraudulent

http://www.reddit.com/r/Bitcoin/comments/1rmwnx/the_cryptowar_begins_and_why_you_should_pay/

http://www.reddit.com/r/Bitcoin/comments/1rjv6l/my_response_to_a_litecoin_advocate/

Yeah I've read the posts. But I dont think everyone who is buying a/o is thinking about buying litecoins will have also read them.

[ElectricMucus]

LTC seems ripe to pop.

[Odalv]

LTC seems ripe to pop.

Ideally below $1.

[ElectricMucus]

LTC seems ripe to pop.

Ideally below $1.

Unlikely, only in a prolonged Bitcoin bear market.

[masterluc]

I said watching gold parity.

Current gold prices:
7549.96 CNY
1241.70 USD