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Author Topic: We need to pass $547 to see a REAL jump!  (Read 10168 times)
sharkyshark
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May 22, 2014, 11:40:03 AM
 #41

Also watch HUOBI .. at 3449

If it passes 3449 in the next 3-7 days you will see a MAJOR PUSH upwards.

We have three different exchanges very close to break out formations.

Could be very, very interesting.


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May 22, 2014, 11:47:05 AM
 #42

Also watch HUOBI .. at 3449

If it passes 3449 in the next 3-7 days you will see a MAJOR PUSH upwards.

We have three different exchanges very close to break out formations.

Could be very, very interesting.



Is this 3449 some sort of a lucky number in China or what?
Also , this looks more and more like another gox run , hope it is not the case.

sharkyshark
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May 22, 2014, 11:51:47 AM
 #43

It is a major resistance level.

At this time I only really care about $547 on bitfinex.

I will go long and stronger at $458 if we can get there...

Mark my words 200 at $458 if it can break through.. $457 ...!!!

and it wont be me only...

Lets see....

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stompix
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May 22, 2014, 11:55:57 AM
 #44

It is a major resistance level.

At this time I only really care about $547 on bitfinex.

I will go long and stronger at $458 if we can get there...

Mark my words 200 at $458 if it can break through.. $457 ...!!!

and it wont be me only...

Lets see....

Ok , with the price as we talk at 510 , I must admit i honestly have no idea what you're talking about.

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May 22, 2014, 11:56:14 AM
 #45

Hello Shark
You have posted A very nice and interesting post as we get to see perspective of a trader rather than general community who are using bitcoin as a currency more than a trading commodity.
I was also wondering if you could help clarify the concepts of going long and short as well as other trading concepts that we could use in order to understand trading in general and bitcoin trading also specially for those people who have never been exposed to such terms before.
I am sure like me there must be many others who would be interested in trading bitcoin and might have a few lieng around for saving purpose.
Some questions that you can shed light upon
How do we get started?
What exchange to use for trading that will be supportive towards newbies?
How much amounts to start with and what could be our expected return?
Any guide you can give us on buying and selling on the platform and when to go long or short ?
How about inter trading between crypto currencies ?
There could be many other things such as trends to look at, market indicators, high volume days, etc.

Would love to read a short essay and then feel confident enough to trade at the same time help other forum memebers .

Regards

Duke

www.satoshination.com
Pakistans First Bitcoin Wallet.
sharkyshark
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May 22, 2014, 08:17:17 PM
 #46

Trading is a totally different beast than investing.

Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times)
Once in 1987 and once in 1999.

Both times were because of margin calls. MARGIN CAN KILL YOU...

If you want to be financially set their in only one thing i can tell you that will be `golden`

Understand very , very , very , very well. Two things.....

Greed & Fear

These two emotions are what makes a dumb trader and professional.

I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price.
I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news.

Some tips I use are:
- Buy on rumor, sell on news..
- always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item.
- trade WITH the momentum (IE. the trend is your friend)
- watch TA charts but as a guidance not a bible.
- create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine.
- watch moving average (when they cross) Smiley
- understand the REAL value of anything you buy or short. companies have a book value
- UNDERSTAND SUPPLY and DEMAND
- try to find insider information Smiley Smiley Smiley Smiley

There are many more things that I can help you guys with but honestly for me to make money i need to make it from you...

That`s the honest truth..

So I need to keep something to myself , right?

I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours.

But what do i know..?
Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ?

Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit.

Make YOUR plan and execute it..



Work to Live, Don't live to work!
sharkyshark
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May 22, 2014, 08:38:09 PM
 #47

on a side note...

Things are looking very good but again you cannot be confident until you have confirmation.

VOLUME - NEWER HIGH

Watch OBV, MACD Moving Averages as guidance.

(PS). If you trade remember that you can use hidden orders.

Imagine you want to buy but not make the market spike up because your buy order is large.

place a hidden buy order

For example:
200   AT  $500.01 (HIDDEN)
26.46 (random number) at $500.00

People will see your order at $500 for 26.46 and try to sell it but your larger order (hidden) will get all the sells. (Filling partially)

I will send you another excellent tip to move the market later ....


Cheers...

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May 22, 2014, 10:29:13 PM
 #48

China has nothing to do with Bitcoin prices now. I always thought USD was banned for use in China. So how do normal people in China have the currency that supports the Bitcoin prices? They don’t. It is Americans who control the Bitcoin prices.

550 barrier break by saturday!.
studio1one
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May 22, 2014, 10:45:20 PM
 #49

China has nothing to do with Bitcoin prices now. I always thought USD was banned for use in China. So how do normal people in China have the currency that supports the Bitcoin prices? They don’t. It is Americans who control the Bitcoin prices.

550 barrier break by saturday!.

more volume is done in RMB than USD.

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May 22, 2014, 10:55:26 PM
 #50

Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic.  Lips sealed

Heard Huobi started this pump followed by BStamp 10min after? Doesn't really matter  Smiley  wouldn't be surprised if the whale team were using both major exchanges.

Around 74,000BTC on Huobi and 30,000BTC on BStamp past 30Hrs.

$547 seems totally possible assuming consistent/increased trading volumes.

I'm hoping this time round we test but don't penetrate $500 barrier and trend towards $430, only because I'm in FIAT  Cheesy

Either way, interesting 2days to follow!

I am all FIAT too.. we need a steep downtrend to refill the btcbank.

Sorry.  Bitcoin doesn't work that way.

If you don't get in soon, we'll all be watching out for your "I'll get back in once bitcoin drops below $400" posts.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
BitchicksHusband
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May 22, 2014, 10:58:52 PM
 #51

This is what I noticed.  It was sub 400 for a while (few days - few weeks) then it crept up to 420 ish and so on.  Maybe it might be a slow upturn, a shot up, back down.  My guess is a slow steady uptrend.

It was sub 400 for few hours only.

Yeah.  I scored a $379 and a $354 on Coinbase.  I just got lucky that I could look at it at the time.  It was only 1-2 hours.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
BitchicksHusband
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May 22, 2014, 11:07:11 PM
 #52

Trading is a totally different beast than investing.

Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times)
Once in 1987 and once in 1999.

Both times were because of margin calls. MARGIN CAN KILL YOU...

If you want to be financially set their in only one thing i can tell you that will be `golden`

Understand very , very , very , very well. Two things.....

Greed & Fear

These two emotions are what makes a dumb trader and professional.

I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price.
I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news.

Some tips I use are:
- Buy on rumor, sell on news..
- always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item.
- trade WITH the momentum (IE. the trend is your friend)
- watch TA charts but as a guidance not a bible.
- create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine.
- watch moving average (when they cross) Smiley
- understand the REAL value of anything you buy or short. companies have a book value
- UNDERSTAND SUPPLY and DEMAND
- try to find insider information Smiley Smiley Smiley Smiley

There are many more things that I can help you guys with but honestly for me to make money i need to make it from you...

That`s the honest truth..

So I need to keep something to myself , right?

I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours.

But what do i know..?
Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ?

Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit.

Make YOUR plan and execute it..




You lost your entire capital twice?  (Please tell me you have a net worth in the millions and you don't work a day job.) 

You do realize that bitcoin is not a stock, right?  You don't seem to because you are putting in $35 shorts when bitcoin is going into a bubble, even after you lost big on your stop loss.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
sharkyshark
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May 22, 2014, 11:18:07 PM
 #53

LOL

I wish i had millions...

I lost everything i had to my name plus about 20% more then I had invested.

Was horrible... really horrible.

I have learned many things from my investing and trading..

AGAIN

FEAR AND GREED

I understand better than most what bitcoin is and can be or cant be in the future.

I have made many mistakes in my life. but trading for me is 100% without emotion now. I either gain money or lose money. Nothing else.

I will make a very bold statement right now:

WE WILL TEST $457 100%.....

Lets see what happens.

Work to Live, Don't live to work!
nickenburg
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May 22, 2014, 11:21:01 PM
 #54

I think it needs to go above 600 then people will go pump it again,
People all over the world are getting vacation money, so some of that will be invested in bitcoin.
Over the course of this year we can see where the price is going.
bitcoinsrus
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May 22, 2014, 11:21:19 PM
 #55

LOL

I wish i had millions...

I lost everything i had to my name plus about 20% more then I had invested.

Was horrible... really horrible.

I have learned many things from my investing and trading..

AGAIN

FEAR AND GREED

I understand better than most what bitcoin is and can be or cant be in the future.

I have made many mistakes in my life. but trading for me is 100% without emotion now. I either gain money or lose money. Nothing else.

I will make a very bold statement right now:

WE WILL TEST $457 100%.....

Lets see what happens.


What did you invest in that cost you (the things you mentioned)?
Are you bullish/bearish on btc?
metstijl
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May 23, 2014, 12:21:05 AM
 #56

almost
sharkyshark
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May 23, 2014, 12:58:14 AM
 #57

Here we go..
Lets see what happens..

Feeling very good about my decision.

Buy at $548
HOLD until $700 `s

Lets see now....

Work to Live, Don't live to work!
Bitcopia
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May 23, 2014, 01:23:06 AM
 #58

LOL

I wish i had millions...

I lost everything i had to my name plus about 20% more then I had invested.

Was horrible... really horrible.

I have learned many things from my investing and trading..

AGAIN

FEAR AND GREED


I understand better than most what bitcoin is and can be or cant be in the future.

I have made many mistakes in my life. but trading for me is 100% without emotion now. I either gain money or lose money. Nothing else.

I will make a very bold statement right now:

WE WILL TEST $457 100%.....

Lets see what happens.


Please tell me you learned something about risk management?!? You keep posting that what you learned from being cleared out twice is "FEAR AND GREED." That is probably the most primitive concept of trading. Creating, implementing, and unconditionally following a sound risk management strategy is how you avoid getting cleared out. It sounds like you are more of a gambler than a trader.

P.S. Sorry to hear that happened to you. Just want you to not make the same mistake a third time....

bitcopia.com
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YipYip
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May 23, 2014, 01:31:02 AM
 #59

Trading is a totally different beast than investing.

Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times)
Once in 1987 and once in 1999.

Both times were because of margin calls. MARGIN CAN KILL YOU...

If you want to be financially set their in only one thing i can tell you that will be `golden`

Understand very , very , very , very well. Two things.....

Greed & Fear

These two emotions are what makes a dumb trader and professional.

I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price.
I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news.

Some tips I use are:
- Buy on rumor, sell on news..
- always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item.
- trade WITH the momentum (IE. the trend is your friend)
- watch TA charts but as a guidance not a bible.
- create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine.
- watch moving average (when they cross) Smiley
- understand the REAL value of anything you buy or short. companies have a book value
- UNDERSTAND SUPPLY and DEMAND
- try to find insider information Smiley Smiley Smiley Smiley

There are many more things that I can help you guys with but honestly for me to make money i need to make it from you...

That`s the honest truth..

So I need to keep something to myself , right?

I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours.

But what do i know..?
Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ?

Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit.

Make YOUR plan and execute it..




Great post ....absolute love the google alert !!!!

That was gold Cheesy

OBJECT NOT FOUND
sharkyshark
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May 23, 2014, 04:15:09 AM
 #60

Still waiting...

Like I said until it hits $547 or higher not worth going long..

I still think it will hit there in the next 72 hours.

China volume couldn't get it over the $547 , I guess there isn't enough buying power in China and their exchanges anymore.!!

There are some great shorting for $10-15 dollars both up and down between $514 -$541 , if you play your cards right you could make some easy money.


Lets wait and see.


PS. If it starts to break down make sure you have your short ready.. average short in , dont try to pick the bottom.  It all works out in the end..

Work to Live, Don't live to work!
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