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Author Topic: Time to Head Back UP  (Read 1071 times)
cypherdoc
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January 18, 2012, 07:33:02 PM
 #1

http://financialriskanalytics.weebly.com/daily-blog.html
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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damnek
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January 18, 2012, 07:34:12 PM
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Cool. I was looking forward to a new post on your blog. Keep 'em coming!
waspoza
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January 18, 2012, 07:35:57 PM
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I hope you right.  Smiley
Mushoz
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January 18, 2012, 07:42:59 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
cypherdoc
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January 18, 2012, 07:47:54 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

i think this has ceased to become a reliable indicator either way (meaning price rise or drop).  thats b/c everyone knows about it already.
proudhon
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January 18, 2012, 07:59:53 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

i think this has ceased to become a reliable indicator either way (meaning price rise or drop).  thats b/c everyone knows about it already.

I think it means we're going to see some more deleveraging.
cypherdoc
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January 18, 2012, 08:05:51 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

i think this has ceased to become a reliable indicator either way (meaning price rise or drop).  thats b/c everyone knows about it already.

I think it means we're going to see some more deleveraging.

dead bodies strewn around the landscape on high volume usually means a reversal.  in this situation, the * on the Buy side should mean we're going up.
Mushoz
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January 18, 2012, 08:09:15 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

i think this has ceased to become a reliable indicator either way (meaning price rise or drop).  thats b/c everyone knows about it already.

I think it means we're going to see some more deleveraging.

dead bodies strewn around the landscape on high volume usually means a reversal.  in this situation, the * on the Buy side should mean we're going up.

Yeah, but we saw high volume which pushed us down from the uptrend from the weeks/months before. Doesn't a reversal then mean we're going down instead of up in that case?

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
cypherdoc
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January 18, 2012, 08:13:32 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

i think this has ceased to become a reliable indicator either way (meaning price rise or drop).  thats b/c everyone knows about it already.

I think it means we're going to see some more deleveraging.

dead bodies strewn around the landscape on high volume usually means a reversal.  in this situation, the * on the Buy side should mean we're going up.

Yeah, but we saw high volume which pushed us down from the uptrend from the weeks/months before. Doesn't a reversal then mean we're going down instead of up in that case?

what i'm referring to is the high volume on the downstroke yesterday usually means capitulation and the end of corrective wave 2.  we should now be free to resume the primary uptrend.
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January 18, 2012, 08:14:52 PM
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Nice blogpost! One thing: You mentioned the deleveraging at Bitcoinica, but the * is back at the buy button, which implies there are way too many longs again. What's your view on this situation? Thanks Smiley

i think this has ceased to become a reliable indicator either way (meaning price rise or drop).  thats b/c everyone knows about it already.

I think it means we're going to see some more deleveraging.

dead bodies strewn around the landscape on high volume usually means a reversal.  in this situation, the * on the Buy side should mean we're going up.

Yeah, but we saw high volume which pushed us down from the uptrend from the weeks/months before. Doesn't a reversal then mean we're going down instead of up in that case?

what i'm referring to is the high volume on the downstroke yesterday usually means capitulation and the end of corrective wave 2.  we should now be free to resume the primary uptrend.

I'm quite new to all this, but it sounds good  Grin

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
cypherdoc
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January 18, 2012, 08:15:01 PM
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up goes the Dow.  good sign.
cypherdoc
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January 18, 2012, 08:26:19 PM
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http://financialriskanalytics.weebly.com/daily-blog.html
cypherdoc
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January 19, 2012, 01:55:53 AM
 #13

ho hum.
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