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MatTheCat
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May 21, 2014, 12:56:15 AM |
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It was 420 when we first started discussing your position not 445
And it was $520 when you first started Yip Yip-ing my head to take a position, so sling yer hook. |
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RockHound (OP)
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May 21, 2014, 12:56:26 AM |
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YY, could have comfortably bought-in @ $445 since we've been ready to go. So it's not quite as bad as 21%, closer to 9% - Still that's a bit to have missed out on  Had you followed my TA 101 (yes, I know I was favouring break down as opposed to break out), you would have known to go long at the same point as I did. I have been watching patiently for days on the market to decide using pretty much the same chart I posted my last TA 101A thread. As soon as I got the right signals, I took my position. Not saying that I am totally fantastic or anything and I have only recently started to discover this stuff and the trendlines I drew up were very simple....but it works, or at least gives the investor a much better idea of when to take a position and when not to.
Despite having been bearish, I am glad Bitcoin is going up as it means I make money as I have banned myself from shorting and/or using leverage.Forget about $454. If Bitcoin gets down there it will probably mean the break out has failed and we are correcting, in which case, you probably won't want to buy Bitcoins. Good man! honest. I mean if, we go comfortably around $510-525 overnight - We'll take a position. Want Bitcoin to rocket this year too, will catch before it does! Its hovering just sub of 500. Like waiting for the ball to drop or something ><Might go north of 500 or stay where it is. Lets see what happens. lol  Yeah mate $50 increments always seem to form a penetration barrier. This is reflected by volume in the orderbooks on most exchanges |
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RockHound (OP)
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May 21, 2014, 12:58:12 AM |
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It was 420 when we first started discussing your position not 445
And it was $520 when you first started Yip Yip-ing my head to take a position, so sling yer hook. Lads we'll be @$1000+ at sometime or other. Very Nice return for us all!  |
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RockHound (OP)
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May 21, 2014, 01:03:21 AM |
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Is BTC-e still a bit dodgy when it comes to depositing FIAT? the spread between Stamp:Btc-e becoming significant?
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MatTheCat
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May 21, 2014, 01:04:21 AM |
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Lads we'll be @$1000+ at sometime or other. Very Nice return for us all! Don't bank on it being as easy as all that. We are in a Wave 4 correction until we aren't and whilst we are still in a Wave 4, the market is like a rattlesnake. Just look at Bitcoin history over 2014 and try and imagine yourself in a long position at various points with 'da Moon' seeming like the logical destination only for it all to turn to vapour before your eyes. Trade with the charts and the trendlines. Don't drink Bitcoin Nutters Kool-Aid, or swallow Igor's downer pills. |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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May 21, 2014, 01:18:09 AM |
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Lads we'll be @$1000+ at sometime or other. Very Nice return for us all! Don't bank on it being as easy as all that. We are in a Wave 4 correction until we aren't and whilst we are still in a Wave 4, the market is like a rattlesnake. Just look at Bitcoin history over 2014 and try and imagine yourself in a long position at various points with 'da Moon' seeming like the logical destination only for it all to turn to vapour before your eyes. Trade with the charts and the trendlines. Don't drink Bitcoin Nutters Kool-Aid, or swallow Igor's downer pills. we may be in a wave iv but that does not mean we are any longer in a wave c, nor does it mean we will not see 1000 soon enough. we are no longer in a descending diagonal. my analysis was right, it was a simple impulsive c. |
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RockHound (OP)
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May 21, 2014, 01:20:59 AM |
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Lads we'll be @$1000+ at sometime or other. Very Nice return for us all! Don't bank on it being as easy as all that. We are in a Wave 4 correction until we aren't and whilst we are still in a Wave 4, the market is like a rattlesnake. Just look at Bitcoin history over 2014 and try and imagine yourself in a long position at various points with 'da Moon' seeming like the logical destination only for it all to turn to vapour before your eyes. Trade with the charts and the trendlines. Don't drink Bitcoin Nutters Kool-Aid, or swallow Igor's downer pills. Will try not to . Congratulations on your $460 recent buy-in, hope it continues to rally up a nice margin for you before you exchange fiat/btc  |
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MatTheCat
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May 21, 2014, 01:42:43 AM |
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we may be in a wave iv but that does not mean we are any longer in a wave c, nor does it mean we will not see 1000 soon enough. we are no longer in a descending diagonal. my analysis was right, it was a simple impulsive c.
Not so. As you will know, the EW analyst has to keep all viable options open. Without getting the screenshots of charts on the go (almost 3am where I am und ich gehe gleich ins Bett), there is a strong argument for $340, being the termination of a Wave (a) of a Primary Wave 4 correction. If that is the case, then $340 - $548 would be the impulsive first leg of the corrective Wave (b), and $440 - $??? being the third wave of the corrective Wave (b), which would leave the final leg of the corrective Primary Wave 4 yet to come (i.e. eventually lower prices than $340). If Primary Wave 4 did indeed terminate at $340 as you suggest, then we have a certain type/levell of: Wave 1 $340 - $548 Wave 2 $548 - $440 Wave 3 $440 - $??? If this were the case, then Bitcoin should easily take out the remaining resistance trendline currently at around $560 in due course.....and even if Bitcoin hits $600 or even $700 +, we could still easily be in a B wave of the primary Wave 4 correction. |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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May 21, 2014, 01:59:55 AM |
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we may be in a wave iv but that does not mean we are any longer in a wave c, nor does it mean we will not see 1000 soon enough. we are no longer in a descending diagonal. my analysis was right, it was a simple impulsive c.
Not so. As you will know, the EW analyst has to keep all viable options open. Without getting the screenshots of charts on the go (almost 3am where I am und ich gehe gleich ins Bett), there is a strong argument for $340, being the termination of a Wave (a) of a Primary Wave 4 correction. If that is the case, then $340 - $548 would be the impulsive first leg of the corrective Wave (b), and $440 - $??? being the third wave of the corrective Wave (b), which would leave the final leg of the corrective Primary Wave 4 yet to come (i.e. eventually lower prices than $340). If Primary Wave 4 did indeed terminate at $340 as you suggest, then we have a certain type/levell of: Wave 1 $340 - $548 Wave 2 $548 - $440 Wave 3 $440 - $??? If this were the case, then Bitcoin should easily take out the remaining resistance trendline currently at around $560 in due course.....and even if Bitcoin hits $600 or even $700 +, we could still easily be in a B wave of the primary Wave 4 correction. you would have to show me the charts, I dont follow. wave C is terminated because it is not a descending diagonal and it is a simple impulsive. so from here we expect a wave V or B to retrace wave A or IV. Either suggest a wave up to around 800-5000 as long as we are above 340. I think we are in wave V according to my primary count off 339. |
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YipYip
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May 21, 2014, 02:44:30 AM
Last edit: May 21, 2014, 05:58:10 AM by YipYip |
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It was 420 when we first started discussing your position not 445
And it was $520 when you first started Yip Yip-ing my head to take a position, so sling yer hook. Actually it was 450 but then dont let the truth get in teh way of a good story bear boy How are those sub 300 prices going ? EDIT: Just so the facts are straight ....the first pump started on stamp 20 mins b4 hubio got onboard from 445-465 |
OBJECT NOT FOUND
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MatTheCat
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May 21, 2014, 09:12:07 AM |
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It was 420 when we first started discussing your position not 445
And it was $520 when you first started Yip Yip-ing my head to take a position, so sling yer hook. How are those sub 300 prices going ? EDIT: Just so the facts are straight ....the first pump started on stamp 20 mins b4 hubio got onboard from 445-465 As you may have guessed Yip Yip, I am very petty when it comes to being proved right, especially when someone is just making things up and incorrectly reporting 'facts' in order to 'prove' me wrong. Here is your post from April 15th 21:47 (UTC) where you recommended that I take a long position:
take a position ... from somebody who has gone through 3 of these once it goes it goes like a freight train ... "THIS IS IT"
i dont know what more you need as a signal ...dancing girls ...lolz
Also i agree with the previous poster shorting btc is an insane risk ..especially in this market ..and now ..NO FUCKING WAY ...
2 mins and we are getting 10% rises that would take out most leveraged postions
If you take a look back at the 4 hour chart, the lowest that Bitcoin could have been when you made this post was $506. The highest was $526. I remember it being around $520, and I was recommending a short. That was my 'official' short call. (yep, it went up another $20 before it came back down). As for your insistence that the ramp up started on Bitstamp....pfffft.....anyone can check that fact that things kicked off on Huobi very easily at the moment whilst the data is still there to see on 3 min charts on Bitcoinwisdom......you should leave it a while before you attempt to start muddying the waters with your unsubstantiated claims. Rockhound already did. What did he confirm? |
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davidgdg
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May 21, 2014, 09:57:28 AM |
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Is BTC-e still a bit dodgy when it comes to depositing FIAT? the spread between Stamp:Btc-e becoming significant?
It was a total nightmare. I used to use BTC-e because the buying rate was lower than bitstamp. After a series of bad experiences, I realised that paying a premium on Bitstamp was far preferable to the nightmare of trying to deal with BTC-e's customer "service". That's even before taking into account the various hidden fees on BTC-e which reduce the real spread vis a vis Bitstamp to little or nothing. |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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Dimrain13
Member
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Activity: 61
Merit: 10
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May 21, 2014, 10:57:00 AM |
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RockHound (OP)
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May 21, 2014, 03:21:31 PM |
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Who thinks $500 barrier easily breached today?
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uhoh
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May 21, 2014, 04:07:36 PM |
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Who thinks $500 barrier easily breached today?
Pitiful volume today, but you never know what's around the corner. Case in point: yesterday. |
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dyland
Full Member
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Activity: 238
Merit: 100
We must become the pitiless censors of ourselves.
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May 21, 2014, 04:09:33 PM |
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Who thinks $500 barrier easily breached today?
Pitiful volume today, but you never know what's around the corner. Case and point: yesterday. not to be pedantic, but the correct phrasing is "case in point" |
Blackcoin ~ 10 second transactions (fastest coin) ~ 100% proof of stake (the first) ~ No wasteful mining (most efficient)
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dyland
Full Member
Offline
Activity: 238
Merit: 100
We must become the pitiless censors of ourselves.
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May 21, 2014, 04:13:09 PM |
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so sling yer hook.
excellent! we can go fly fishing finally! |
Blackcoin ~ 10 second transactions (fastest coin) ~ 100% proof of stake (the first) ~ No wasteful mining (most efficient)
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uhoh
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May 21, 2014, 04:14:01 PM |
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Who thinks $500 barrier easily breached today?
Pitiful volume today, but you never know what's around the corner. Case and point: yesterday. not to be pedantic, but the correct phrasing is "case in point" I'm obliged |
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Benjig
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May 21, 2014, 04:19:18 PM |
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I think its just a small bump.. there are really no good news , probably we can go to 550 but then it will back up again..
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RockHound (OP)
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May 21, 2014, 06:24:09 PM
Last edit: May 21, 2014, 07:39:33 PM by RockHound |
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Who thinks $500 barrier easily breached today?
Pitiful volume today, but you never know what's around the corner. Case in point: yesterday. Cheers for pointing that out, wasn't aware volume really decreased compared to yesterday (So far??) I think the whales maybe making large acquisitions @ market? So their volume is masked until order goes in? |
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