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Author Topic: We need to pass $547 to see a REAL jump!  (Read 10204 times)
Miz4r
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May 24, 2014, 09:27:37 AM
 #101

If you check the pricemovement in 2014 you will see,that 547 $ was only at 16.April a resistance.
So I think it is not a very strong resistence since earlier in 2014 it has been several times a support

That's exactly why it's a strong resistance now. Support becomes resistance once broken, and strong support becomes strong resistance.

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sharkyshark
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May 24, 2014, 11:56:30 AM
 #102

Nothing bearish at all happening...

We are just still waiting for the test of $547 on Bitfinex with volume.

I didnt say it would be easy..

BUT if it can pass $547 USD on Bitfinex we will see SIGNIFICANT upwards movement..

I am still waiting ...

Picked up some shorts today as i saw it was weak..

Like I said before there are some good day trading in the $505 - $540's range.

I just do want to be caught short and it push through $547.. (that would suck,,,)

Lets see....

With all due respect, I think you are wrong. 506-507 is only a 38% retracement from the top of this rally from where it began. Not AT LEAST hitting that is very very bullish, especially since we shot right past $500 and "if this were a stock" we would be guaranteed to retouch such a significant #. We could retrace to $495 (around 50% retracement) and still be fine.

Go ahead, short 200 btc at $506. Let's see how that works out for you.




..........................................................................

You would be very surprised how well it will work for me...
I only trade on confirmations.

I am neither a long or short overall.

I am here to trade bitcoin only.

If I can short it for money i will if i can buy it for profit i will..
Lets see what happens..



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sharkyshark
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May 24, 2014, 12:36:47 PM
 #103

Look like we will be going to the following levels..
if there is a downturn .. Angry


Huobi : 3048
Bitstamp : 495
Bitfinex : 494


If we can pass $547 then up, up, up.

Lets see..

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windjc
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May 24, 2014, 06:01:25 PM
 #104

Look like we will be going to the following levels..
if there is a downturn .. Angry


Huobi : 3048
Bitstamp : 495
Bitfinex : 494


If we can pass $547 then up, up, up.

Lets see..


Which is exactly what I said. 50% retracement at most. So your going to try to skim short from 506 to 495? Sounds risky to me. Doubt you get the chance though.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
sharkyshark
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May 24, 2014, 11:50:00 PM
 #105

I am shorting on bitfinex @529/530 closing all longs.

I think this is a fake break out..

Lets see..

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damnek
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May 25, 2014, 12:06:42 AM
 #106

I am shorting on bitfinex @529/530 closing all longs.

I think this is a fake break out..

Lets see..


Keep on gambling, it makes the market liquid and in play Smiley
sharkyshark
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May 25, 2014, 12:17:24 AM
 #107

I am shorting on bitfinex @529/530 closing all longs.

I think this is a fake break out..

Lets see..


Keep on gambling, it makes the market liquid and in play Smiley

ahhhh, okkk..

Just watch the 1 day candle form.. (for today)  On Huobi, Bitfinex and Bitstamp..   Cool

Like clock work..

Smiley

thank you...


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sharkyshark
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May 25, 2014, 12:35:23 AM
 #108

I could be wrong...

I will only close my shorts if it go over $457 on bitfinex...

Adding more shorts as we go up to $450 .

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adamstgBit
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May 25, 2014, 12:41:13 AM
 #109

you should have stuck to your plan form OP...

Bit_Happy
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May 25, 2014, 12:44:45 AM
 #110

We got through the last treadline but the REAL issue will now be $547 USD on bitfinex.

If we can get through that number you will see SERIOUS VOLUME and A MAJOR break upwards..

I have shorted at $500 even on bitfinex..

I think a 50% fib retracement to $472 ,,,

If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go loong again.

LETS SEE what happens..


I think a 50% fib retracement to $472...
I had a similar number in mind, but...
Have you heard about the Bud Concert Series Bitcoin giveaway?
Fundamentals matter a lot, and with so much amazing good news, Bitcoin might go to $800 (for example) before you see a classic "predictable" correction.

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May 25, 2014, 12:52:11 AM
 #111

No this is no good.   Volume flat lined and price has risen some off the recent lows.   It does not appear constructive to a bigger move and personally I dont care for anything less then 100 up or down.      Right now its idling with the heater on, eating doughnuts and coffee.  Is this the time it breaks upward, I would guess not more likely a repeat so back to defcon 5 imo :p



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sharkyshark
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May 25, 2014, 12:54:09 AM
 #112

I am sticking to my plan...

I am short bitcoin @$530.. I will short more at $535 and $540 ,, if it goes to $550 i will stop and get ready to close the shorts and buy 200 at $548..
IF not then down we go and i will be very happy either way..

Whats the issue?

lol


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adamstgBit
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May 25, 2014, 12:57:51 AM
 #113


If it goes to $522 on bitfnex i will be forced to close my short at $500 and wait for the $547 to go long again.


you should have no more shorts and ready to go long



Bit_Happy
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May 25, 2014, 01:04:38 AM
 #114

...
Whats the issue?

lol

The issue is you are shorting like mad in a long-term Bull market and prepared to take losses & go long at a higher price.
A much better plan would have been to buy big at ~$400 (or lower) and sell part of that now, so you win either way.

adamstgBit
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May 25, 2014, 01:11:42 AM
 #115

I am sticking to my plan...

I am short bitcoin @$530.. I will short more at $535 and $540 ,, if it goes to $550 i will stop and get ready to close the shorts and buy 200 at $548..
IF not then down we go and i will be very happy either way..

Whats the issue?

lol



ok i'm calling your strategy "premeditated panic buying"   Grin

not a bad plan in all honesty, i like your numbers.

windjc
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May 25, 2014, 01:57:52 AM
 #116

I am sticking to my plan...

I am short bitcoin @$530.. I will short more at $535 and $540 ,, if it goes to $550 i will stop and get ready to close the shorts and buy 200 at $548..
IF not then down we go and i will be very happy either way..

Whats the issue?

lol



Thats a horrible plan. You should have put in short orders at 545 right below the obvious resistance at 547.  Now the market has already corrected and it is consolidating higher for a breakout above 547 within the next few days. I bought at $525. 

What's the issue? lol

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
sharkyshark
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May 25, 2014, 03:20:59 AM
 #117

very interesting.....

I am ready to close shorts and go long at $548 on bitfinex...

lets see..


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Gingermod
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May 25, 2014, 03:23:53 AM
 #118

very interesting.....

I am ready to close shorts and go long at $548 on bitfinex...

lets see..




..............
Gingermod
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May 25, 2014, 04:36:08 AM
 #119

541 on bitfinex

Time for the test?
Marbit
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May 25, 2014, 04:44:39 AM
 #120

541 on bitfinex

Time for the test?

Certainly seems like it. So who's betting for it to break, and who's betting against? Heh, I think it will fail, but I am too scared to short. If it breaks and looks strong, I'll be buying in for the ride, though.
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