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Author Topic: Headed back up?  (Read 1062 times)
bitcoinsrus
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June 26, 2014, 02:21:17 PM
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The past two days looked like a downtrend, but now it passed 570. I think the good news is out-weighing the bad ones.

The auction news will probably carry into next month (the results and winners paying etc (I know auction is tomorrow)), bringing more attention.

Thoughts appreciated.
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Krabby
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June 26, 2014, 02:25:00 PM
 #2

I don't know.

MatTheCat
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June 26, 2014, 02:34:30 PM
 #3

The past two days looked like a downtrend, but now it passed 570. I think the good news is out-weighing the bad ones.

The auction news will probably carry into next month (the results and winners paying etc (I know auction is tomorrow)), bringing more attention.

Thoughts appreciated.

I would keep out of it just now. Risks outweigh the rewards. It might go up a few more quid, a lot of the indicators are in an oversold state with the 4hr MACD having just crossed over but buy upside volume is looking very weak with signs of negative divergence on OBV. We are at $570 just now on Stamp. Highest I see this going would be $585-ish. Next strong floor for me would be at $520. FBI auctions are tomorrow. Doesn't matter how logical it is or not that these auctions will affect the price, if there are enough traders who believe that it will, or enough of them who believe that other traders believe that it will affect the price, then it will affect the price. There has also been some whale periodocally chucking 500 BTC lumps into Bid wall on Stamp and regardless of how the activity is looking on the other big exchanges, they will follow Stamp, but Stamp won't necessarily follow them.

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Torque
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June 26, 2014, 02:35:15 PM
 #4

I don't know.

The most honest answer, spoken unlike the rest of the posters on this subforum who seem to think that they have it all figured out.  

Quick, someone reach for the pile and pull out some bs TA chart!  Because lines, graphs!  And more lines!
bitcoinsrus
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June 26, 2014, 02:35:43 PM
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The past two days looked like a downtrend, but now it passed 570. I think the good news is out-weighing the bad ones.

The auction news will probably carry into next month (the results and winners paying etc (I know auction is tomorrow)), bringing more attention.

Thoughts appreciated.

I would keep out of it just now. Risks outweigh the rewards. It might go up a few more quid, a lot of the indicators are in an oversold state with the 4hr MACD having just crossed over but buy upside volume is looking very weak with signs of negative divergence on OBV. We are at $570 just now on Stamp. Highest I see this going would be $585-ish. Next strong floor for me would be at $520.

Yea, it is too early to tell. Yesterday looked like it was going (more) down (sub 560) and now it crossed 570. Time will tell.
-----------------------------

edit: to torque, agreed
podyx
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June 26, 2014, 02:37:25 PM
 #6

I don't know.

The most honest answer, spoken unlike the rest of the posters on this subforum who seem to think that they have it all figured out.  

Quick, someone reach for the pile and pull out some bs TA chart!  Because lines, graphs!  And more lines!

How would the forums look like if 9/10 posts said "I honestly don't have a fucking clue" though?
oda.krell
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June 26, 2014, 02:41:27 PM
 #7

I don't know.

The most honest answer, spoken unlike the rest of the posters on this subforum who seem to think that they have it all figured out.  

Quick, someone reach for the pile and pull out some bs TA chart!  Because lines, graphs!  And more lines!

How would the forums look like if 9/10 posts said "I honestly don't have a fucking clue" though?

As empty as the inside of his head Cheesy


Seriously, though, he made it clear more than once that he follows the principle 'If I have no way of gaining knowledge on a subject, nobody can have a way to gain knowledge on that subject.' It's pretty pointless imo to argue him out of it.

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MatTheCat
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June 26, 2014, 02:41:58 PM
 #8

I don't know.

The most honest answer, spoken unlike the rest of the posters on this subforum who seem to think that they have it all figured out.  

Quick, someone reach for the pile and pull out some bs TA chart!  Because lines, graphs!  And more lines!

How would the forums look like if 9/10 posts said "I honestly don't have a fucking clue" though?

Yeah...surely here on the SPECULATION sub forum, we are in the business of attempting to guesstimate the 'unknown'?

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Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
Torque
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June 26, 2014, 05:10:27 PM
 #9

Ok, since you guys love charts so much, here's one:



Queue the uber bears who will try and prove why it has no validity, with charts of their own that have no validity.
KimNam
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June 26, 2014, 05:23:43 PM
 #10

Ok, since you guys love charts so much, here's one:



Queue the uber bears who will try and prove why it has no validity, with charts of their own that have no validity.
i love charts and i can see your point there
just one conclusion from that charts : BUY!
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