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Author Topic: We need to pass $547 to see a REAL jump!  (Read 10226 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..


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..
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.
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..
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...

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 .
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.

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
STT
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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

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.

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
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
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..

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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