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Wandererfromthenorth (OP)
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August 16, 2014, 01:20:48 PM
Last edit: February 11, 2015, 09:44:17 PM by Wandererfromthenorth |
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Hi guys, few days ago I told you to sell/open shorts at around $570-$550, because we were breaking important trend lines, and told you that we were going much lower,I gave targets for around $500-$470 and they were perfectly hit a lot sooner than expected. https://bitcointalk.org/index.php?topic=737054.0 |
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Newbie1022
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August 16, 2014, 01:23:37 PM |
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Great advice. I am jazzed. But definitely be careful. Let's make money, team!!! Wooooooooooooohoooooo!!!!
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Schickeria
Member
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Activity: 84
Merit: 10
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August 16, 2014, 01:35:35 PM |
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It could form a gartley, but I doubt it. I bought few peanuts of coins, but one should not get overexcited. I think we'll see more down.
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Bitcoin_is_here_to_stay
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August 16, 2014, 04:42:39 PM |
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Some buying going on, a stronger bounce than the ones we had so far since the drop. Another possible indication that the bottom we saw is the definite bottom.
The bounce is not very strong - although much better than the previous one. And still more than 20 millions USd in longs on 'Finex  . I think we have at least one more leg down |
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fonzie
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August 16, 2014, 04:44:50 PM |
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Some buying going on, a stronger bounce than the ones we had so far since the drop. Another possible indication that the bottom we saw is the definite bottom.
The bounce is not very strong - although much better than the previous one. And still more than 20 millions USd in longs on 'Finex . I think we have at least one more leg down Keep dreaming/shorting, pretty soon you´re going to have bad nightmares. |
"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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fusioncoins
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August 16, 2014, 04:45:45 PM |
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I think we need to wait at least 2 week to see a real change.
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Newar
Legendary
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Activity: 1358
Merit: 1000
https://gliph.me/hUF
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August 16, 2014, 04:46:07 PM |
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Many "mights" in there.
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zedicus
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CryptoTalk.Org - Get Paid for every Post!
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August 16, 2014, 06:14:36 PM |
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I am not so sure. The current sell off is not based on technical indicators nor is it based on news. It is most likely based on the fact that too much margin has been used so people are being forced to close out their long positions. Once margin levels go to lower levels then the selling pressure will likely slow and price increases can resume.
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giveBTCpls
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August 16, 2014, 06:51:06 PM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 16, 2014, 06:52:18 PM |
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+1
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CoinDiver
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August 16, 2014, 07:16:29 PM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? |
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InwardContour
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August 16, 2014, 07:51:14 PM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? There are many sentences about Ethereum cashout in the forum, but no one has evidence of that, they just keep repeating it. Maybe is true, I don't really know, but can someone provide any evidence? |
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BTCfan1
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August 16, 2014, 07:55:36 PM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? There are many sentences about Ethereum cashout in the forum, but no one has evidence of that, they just keep repeating it. Maybe is true, I don't really know, but can someone provide any evidence? yeah id like some concrete proof as well |
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DustyRah
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August 16, 2014, 10:16:04 PM |
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Traders are in this game now. And traders love waves so they can buy and sell often. Trades don't about going to the moon and instead get turned on by roller coaster rides.
Be careful and get yourself some good charts with indicators on it. Its a chop-chop world in BTC now.
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bitrider
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August 16, 2014, 10:20:09 PM |
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Some buying going on, a stronger bounce than the ones we had so far since the drop. Another possible indication that the bottom we saw is the definite bottom.
The bounce is not very strong - although much better than the previous one. And still more than 20 millions USd in longs on 'Finex . I think we have at least one more leg down Yup. I'd say at least one more...I'm enjoying watching the show. It is a lot easier to explain what is happening than most will admit. The big money is going to run this market up and down as long as they can, to shake all the loose coin from greedy pockets - before they let this rocket take off. Could be quite a while longer until all the casual money is out of the game, and only the fanatics remain. (kinda rhymes)....Then there will be no choice but to buy.  |
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kireinaha
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August 16, 2014, 10:27:01 PM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? There are many sentences about Ethereum cashout in the forum, but no one has evidence of that, they just keep repeating it. Maybe is true, I don't really know, but can someone provide any evidence? that's what this place has become. one person makes some ridiculous bold claim to justify why the price isn't moving in the direction they want, and then dozens more people blindly repeat it as if it's some unique and insightful information. but it's straight up bullshit every time. recent examples: this sell off is caused by the etherum cash out! this sell off is GABI manipulating the market to buy cheap coins! this sell off is caused by all the traders who want cash for their annual summer sabbaticals! (the dumbest one of all) if they just looked past this with an open mind and realized that the price is falling because there are more sellers than buyers, and long term holders are getting impatient, that would ruin the whole narrative that bitcoin is destined to take over the world. so they choose to make up bullshit instead. |
Night gathers, and now my bitcoinwisdom watch begins.
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counter
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August 16, 2014, 11:54:01 PM |
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Some buying going on, a stronger bounce than the ones we had so far since the drop. Another possible indication that the bottom we saw is the definite bottom.
The bounce is not very strong - although much better than the previous one. And still more than 20 millions USd in longs on 'Finex . I think we have at least one more leg down Yup. I'd say at least one more...I'm enjoying watching the show. It is a lot easier to explain what is happening than most will admit. The big money is going to run this market up and down as long as they can, to shake all the loose coin from greedy pockets - before they let this rocket take off. Could be quite a while longer until all the casual money is out of the game, and only the fanatics remain. (kinda rhymes)....Then there will be no choice but to buy. I have to admit it is always fun watching people fall for the good ole dump fake. I expect this type of thing to take place over a longer period of time and much like the way you described. |
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Newbie1022
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August 16, 2014, 11:59:32 PM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? There are many sentences about Ethereum cashout in the forum, but no one has evidence of that, they just keep repeating it. Maybe is true, I don't really know, but can someone provide any evidence? that's what this place has become. one person makes some ridiculous bold claim to justify why the price isn't moving in the direction they want, and then dozens more people blindly repeat it as if it's some unique and insightful information. but it's straight up bullshit every time. recent examples: this sell off is caused by the etherum cash out! this sell off is GABI manipulating the market to buy cheap coins! this sell off is caused by all the traders who want cash for their annual summer sabbaticals! (the dumbest one of all) if they just looked past this with an open mind and realized that the price is falling because there are more sellers than buyers, and long term holders are getting impatient, that would ruin the whole narrative that bitcoin is destined to take over the world. so they choose to make up bullshit instead. I've been in agreement with you throughout the week and we definitely need to change our image (the Bitcoin community/exchanges/etc.) if we are going to get popular adoption (actual people) rather than just retailers on board. That said, price really ought to go up, now. Some people lost their leverage in margin calls, but a lot of it was just leverage being closed. Now that we have a steady bottom they'll releverage... and then leverage upon leverage. We'll be seeing 600s before 400s, again, I believe. That is a very short-term view, though. In the long-term, all of the talk about $10k+ is just somebody selling magic beans. |
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tooil
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August 17, 2014, 11:30:01 AM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? There are many sentences about Ethereum cashout in the forum, but no one has evidence of that, they just keep repeating it. Maybe is true, I don't really know, but can someone provide any evidence? The coin movement from their wallet is apparently enough for some people to believe that. |
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Buo
Member
Offline
Activity: 112
Merit: 10
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August 17, 2014, 11:36:55 AM |
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If this is mostly triggered because of the IPO Ethereum cashout we'll see a recover soon. After the MT Gox cashout fraud the recovery was rather quick.
Is there enough volume to justify this explanation? There are many sentences about Ethereum cashout in the forum, but no one has evidence of that, they just keep repeating it. Maybe is true, I don't really know, but can someone provide any evidence? The coin movement from their wallet is apparently enough for some people to believe that. If they haven't mixed the bitcoins through exchanges or mixing services, maybe someone can trace them. |
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