Another MatTheCat Near Term Price Prediction.

[MatTheCat]

Again, all the TA goes out the window which should save a few arguments on here because all the TA points to yet more downside just as/whenever this period of considerable low volume and stagnation breaks.

However, because this is Bitcoin, I feel that some whale entity is gonna throw a big wad of USD at this in order to break the $815 resistance point as well as the bearish technicals and try and instigate a move upwards which could force a small break out to the $825 - $835 range.

I am putting my money where my mouth is and coming out of my current short position as I type and shall be looking to go long from around 795 range or just whenever seems like a good time to get in.

On 4 Hour Bitstamp chart:

MACD
RSI
KDJ

Are all on a convincing down trajectory and to make a break-out (up) call on the back of all these indicators telling me the exact opposite, and then put my money where my mouth is, is sheer idiocy, but that is what I am doing.

Longer term, I still give Alms to KARHU, and believe that we shall see much lower prices. Much much lower.

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

[empoweoqwj]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

Hey its February now and its $804 at Bitstamp so you've just lost the bet 

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february!  

Hey its February now and its $804 at Bitstamp so you've just lost the bet  

QFT 

[Holliday]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

Hey its February now and its $804 at Bitstamp so you've just lost the bet 

$804 is below $750? Where am I?

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

Hey its February now and its $804 at Bitstamp so you've just lost the bet 

$804 is below $750? Where am I?

Muriburiland!

[seleme]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

Hey its February now and its $804 at Bitstamp so you've just lost the bet 

YOu must have been playing video games when you should be on your math classes 

[jamesc760]

That's how bears think... 804 lower than 750... Lol.

[TERA]

Bulls are wrong. Bears are wrong. It's going to trade at $800 for the next month.

[chessnut]

Bulls are wrong. Bears are wrong. It's going to trade at $800 for the next month.

How and why? there is much tension. it only needs to break.....

[seleme]

Bulls are wrong. Bears are wrong. It's going to trade at $800 for the next month.

Good enough for me.

[wendel]

I dont't want to sound bearish, but isn't it that the chinese government still didn't release any comment on how they see the bitcoin regulations?
Actually it looks more like an other weekend rally is a time bomb.

thx
W

[Miz4r]

Bulls are wrong. Bears are wrong. It's going to trade at $800 for the next month.

Four whole weeks more of sideways trading? Impossible, something's gonna give and I think it's the bears who will cave in.

[Bitbuy]

sideways trading during first half of February....after that...

[jamesc760]

Bitcoin moves in myterious ways. Just when everyone thought it would go down or sideway...

[MatTheCat]

Bulls are wrong. Bears are wrong. It's going to trade at $800 for the next month.

I secured myself $160 profit that would now be a deficit by coming out of my short when Bitcoin was still at $800. Bitcoin is now at $813, and that would be a significant $813 where a reasonably high volume could be traded. A $13 rise is a significant rise to a swing trader, especially if that $13 does actually mean $13.

Anyways, I never got my long bets in cos:

a) It never dropped below what I came out my short sell at and my long bets were placed slightly below.

b) Once again, I couldn't get to sleep having long Bitcoin bets. Dreams of Bitcoin hitting low $700s (and me being down thousands) woke me out of my bed and I had to cancel my longs in order to get some sleep.

I say that either Bitcoin fizzles out beneath $815 resistance and then slides right back down, or some surge in whale buying power pushes it briefly over £815 resistance only for absolutely fuck all other market forces to be interested in keeping it there.

Bitcoin is going much lower and much lower within the month of February.

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

so we on?

[MatTheCat]

0.1BTC says it never goes below $750 (bitstamp) all of february!  

so we on?

I win far more than 0.1 BTC from the exchanges and if I am wrong I lose more.

But not below $750 for the whole month of February!? Do you know something that I don't?

Yeah, we are on!

P.S. If you are privvy to 'insider info', let me know when the next millionaire Bitcoin Nutter is going to throw 3 million USD at spiking the price up $15, so I can be ready to short immediately after the event.

[wendel]

But not below $750 for the whole month of February!? Do you know something that I don't?

Why do you think we will go below 750 again?
Sorry for my nooby question. I'm really interested in understanding all those movements.

Thx
W

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february!  

so we on?

I win far more than 0.1 BTC from the exchanges and if I am wrong I lose more.

But not below $750 for the whole month of February!? Do you know something that I don't?

Yeah, we are on!

P.S. If you are privvy to 'insider info', let me know when the next millionaire Bitcoin Nutter is going to throw 3 million USD at spiking the price up $15, so I can be ready to short immediately after the event.

Hehe, I know nothing mr Fawlty.

This is just me having a punt. It's about the limit of my 'day trading' speculation