masterluc (OP)
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December 04, 2013, 08:08:09 PM |
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 ? Bitcoin doesn't give a shit about bear wedges. |
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masterluc (OP)
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December 04, 2013, 08:15:49 PM |
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It did during the last sell off:  I don't see bearish wedge here |
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Brisance
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December 04, 2013, 08:25:02 PM |
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It did during the last sell off:
I don't see bearish wedge here I'll be shorting the 1240 It will be interesting to see how the sell orders develop between 1240/1250 so far we have 500btc at 1250 right at the very tip. We should see by tonight how this develops but I'll cash out at 1240 and place short orders while also waiting for market clarity. https://www.tradingview.com/x/BigEey7I/ |
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JustAnotherSheep
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December 04, 2013, 08:36:55 PM |
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Bitcoin doesn't give a shit about bear wedges.
Interesting. I've noticed that at times but thought I was just a noob at drawing them. Thanks for confirming! The recent sell off I spotted two days before it began and sold off all my positions and bought back in below $1000 here is what I noticed happening before the last sell off.
[img]
Isn't that bullish though? I figured it was a pennant or slightly off ascending triangle, only sold because weekend was coming up which seems to consistently mean whale dump time in my experience. |
Is it a bull? Is it a bear? No, it's just another sheep.
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Odalv
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December 04, 2013, 09:10:28 PM |
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Bitcoin doesn't give a shit about bear wedges.
Interesting. I've noticed that at times but thought I was just a noob at drawing them. Thanks for confirming! The recent sell off I spotted two days before it began and sold off all my positions and bought back in below $1000 here is what I noticed happening before the last sell off.
[img]
Isn't that bullish though? I figured it was a pennant or slightly off ascending triangle, only sold because weekend was coming up which seems to consistently mean whale dump time in my experience. Compare with B&H |
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Brisance
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December 04, 2013, 09:46:09 PM |
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The bears are throwing the kitchen sink in now. 4 attempts to break that 1230 could be a long haul here. The Hamburger Hill of Bitcoin begins. The leg from 1230 to 1250 is going to be interesting. If the Bitcoin momentum can continue past the 1250 I'll throw in the towel and start buying in again. https://www.tradingview.com/x/npfsUfoS/ |
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Odalv
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December 04, 2013, 09:49:59 PM |
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I think it should reach $2k-$4k in near future in a final push, especially if it will draw a triangle now 7-14 days long.
But I don't want to take a part in further market actions. I reached all my targets, dreams and so on. And now I cashed out for 80%. Thanks China. Thanks US Senate. Thanks uncle Ben, I like your Franklins in my hands.
I think selling in wave 4 of final historical 5 is not bad. I left 20% coins for final wave.
Thank you Lucif for cheap coins and liquidity support. :-) |
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accord01
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December 04, 2013, 09:55:01 PM |
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Looks like a double top is forming on bitstamp... anyone?
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oda.krell
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December 04, 2013, 10:07:52 PM |
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Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year.
No disrespect, but I'm not completely convinced you manage to stay out of the game that long. Once we're back on the road to da moon (next days? next year?), you'll be back :D |
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Odalv
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December 04, 2013, 10:14:30 PM |
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Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year.
No disrespect, but I'm not completely convinced you manage to stay out of the game that long. Once we're back on the road to da moon (next days? next year?), you'll be back  Only millionare will own a whole bitcoin in 2017. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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December 05, 2013, 02:35:27 AM |
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Ah, of course thanks Satoshi and community, but I am still here =) Next entering point for me is in 2016-2017 year.
Don't speak too soon. I don't think the bear market will last that long. 3-4 years?...Unlikely with how Bitcoin has moved previously since inception. So smoothie, aren't you going to mock lucif in your usual 'who sold at <xxxx way? ' LOL I could but eh I already started a thread for that haha |
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Brisance
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December 05, 2013, 05:39:08 AM |
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Bitcoin doesn't give a shit about bear wedges. It would seem Bitcoin does indeed regard Bear Wedges to some degree, as I had said previously I would sell at the 1240 and place shorts there has paid off for me. I am now buying in $20 under my sell and collected on my short orders. https://www.tradingview.com/x/tSXzaf3E/ |
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zby
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December 05, 2013, 06:26:33 AM |
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The 1000 mark was taken too quickly. There were many people declaring taking profits at 1000 - I don't think they had time to do that - even on the last weekend dip. So maybe we'll have another triangle bouncing between ATH and the weekends support?
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masterluc (OP)
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December 05, 2013, 08:46:28 AM |
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Does this look like Bitcoin cares about Bearish wedges?
Yes =) Looks like this one got a shot. |
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zby
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December 05, 2013, 09:16:02 AM |
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Does this look like Bitcoin cares about Bearish wedges?
Yes =) Looks like this one got a shot. I think that the Chinese authorities just played with us this time - they are testing how much control they can have over bitcoin. And they chose a point where a correction was easy to cause. |
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Rampion
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December 05, 2013, 09:30:05 AM |
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Does this look like Bitcoin cares about Bearish wedges?
Yes =) Looks like this one got a shot. I think that the Chinese authorities just played with us this time - they are testing how much control they can have over bitcoin. And they chose a point where a correction was easy to cause. No bitcoiner with half a brain gives a shit about what the authorities say about BTC. Speculators are just selling to buy back lower. Bitcoin was *designed* to be illegal, and to be resilient to authorities actions. Keep 'em coming  |
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masterluc (OP)
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December 05, 2013, 09:38:43 AM |
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China hit negative daily BB zone  |
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astralhash
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December 05, 2013, 10:06:05 AM |
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Does this mean down we go then?
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masterluc (OP)
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December 05, 2013, 10:08:32 AM |
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3500 CNY (prev low) - and definitely yes.
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