Hueristic
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Doomed to see the future and unable to prevent it
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March 04, 2015, 09:07:53 PM |
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Thanks so that last dump would have made that a "Blow off day"?
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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rpietila
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Activity: 1722
Merit: 1036
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March 04, 2015, 09:17:41 PM |
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Thanks so that last dump would have made that a "Blow off day"? If you check the daily candlestick chart from December onwards, there are 4 hammer formations (not counting today), of which: 17.Dec 21.Jan 18.Feb - all started a major uptrend 15.Jan was a false/premature signal Quite impressive huh, 5% of days featuring the signal and capturing 100% of the major uptrends with only 25% false positives...
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Hueristic
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Activity: 4032
Merit: 5590
Doomed to see the future and unable to prevent it
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March 04, 2015, 09:33:06 PM |
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Thanks so that last dump would have made that a "Blow off day"? If you check the daily candlestick chart from December onwards, there are 4 hammer formations (not counting today), of which: 17.Dec 21.Jan 18.Feb - all started a major uptrend 15.Jan was a false/premature signal Quite impressive huh, 5% of days featuring the signal and capturing 100% of the major uptrends with only 25% false positives...Nice, that's good news. Lets hope this isn't one of the 25%. What percentage of those F/P's were downtrends?
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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March 04, 2015, 10:37:18 PM |
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It looks like it wants to go higher now..
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rpietila
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Activity: 1722
Merit: 1036
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March 04, 2015, 10:48:01 PM |
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It looks like it wants to go higher now..
Fuck, I should have bought when there were 53k on offers until 165. Half of it left. Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped).
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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March 04, 2015, 10:58:14 PM |
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It looks like it wants to go higher now..
Fuck, I should have bought when there were 53k on offers until 165. Half of it left. Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped). Those who have fake sell orders need to be taught a lesson. Just buy those fake sell orders and show them some strength.
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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March 04, 2015, 11:06:21 PM |
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It looks like it wants to go higher now..
Fuck, I should have bought when there were 53k on offers until 165. Half of it left. Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped). Fake ask volume motivated by short term trading attempts to suppress the price and / or drive sellers to bid walls must always be prepared to face its nemesis: A long term buyer willing to tolerate some slippage using a market order to obtain a substantial position, followed of course by this buyer taking delivery. This is the kind of thing that can set off a buying panic as the shorts are squeezed to the wall.
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hodlmybtc
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March 05, 2015, 12:17:03 AM |
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4h chart: The downtrend of the last couple days seems broken, good support at the 38.2% fib level from 0.000978 to 0.00175 and the 50% level not even touched. RSI is past the 50 level and MACD turning green. Looking good
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darlidada
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March 05, 2015, 12:56:13 AM |
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this thread need some dreamspark serious trading input asap. i'm lost.
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Wexlike
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Activity: 1474
Merit: 1087
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March 05, 2015, 07:23:31 AM |
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4h chart: The downtrend of the last couple days seems broken, good support at the 38.2% fib level from 0.000978 to 0.00175 and the 50% level not even touched. RSI is past the 50 level and MACD turning green. Looking good Impressive, what a 3 xmr/min bot can do to a chart.
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GingerAle
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Activity: 1260
Merit: 1008
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March 05, 2015, 12:32:22 PM |
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4h chart: The downtrend of the last couple days seems broken, good support at the 38.2% fib level from 0.000978 to 0.00175 and the 50% level not even touched. RSI is past the 50 level and MACD turning green. Looking good Impressive, what a 3 xmr/min bot can do to a chart. 3 xmr/min buy, or 3 xmr/min sell?
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Wexlike
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March 05, 2015, 12:45:33 PM |
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~ 3xmr/min buy
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dreamspark
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March 05, 2015, 02:07:03 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.
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Hueristic
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Activity: 4032
Merit: 5590
Doomed to see the future and unable to prevent it
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March 05, 2015, 03:02:03 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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dreamspark
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March 05, 2015, 03:08:06 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199 Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term)
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jehst
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March 05, 2015, 03:24:43 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199 According to the last missives, Monero's DB-merge is weeks away, Crypto Kingdom online version and cryptogold trading is imminent. All three are good for XMR. BTC will have GBTC going live within weeks. Gemini launching within weeks. All of this together will probably create a renewed interest in XMR and crypto in general in Spring 2015. I won't try to guess the price, but it should be a seller's market. Market cap of 1/3rd Darkcoin's is attainable.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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oblox
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Activity: 1442
Merit: 1018
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March 05, 2015, 03:30:16 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199 Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term) Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto.
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dreamspark
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March 05, 2015, 03:52:44 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199 Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term) Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto. Course they are but trying to correct me when my time frame for before xmas is clearly medium term is just obtuse. Over 3 months just isn't short term in crypto and particularly alts.
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oblox
Legendary
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Activity: 1442
Merit: 1018
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March 05, 2015, 04:15:21 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199 Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term) Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto. Course they are but trying to correct me when my time frame for before xmas is clearly medium term is just obtuse. Over 3 months just isn't short term in crypto and particularly alts. Obtuse on an opinion that further ends with the potential argument for accelerated time horizons. Interesting. It does pay to reread my post in its entirety.
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GingerAle
Legendary
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Activity: 1260
Merit: 1008
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March 05, 2015, 04:34:22 PM |
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this thread need some dreamspark serious trading input asap. i'm lost.
If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175. 0.00199 Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term) Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto. Course they are but trying to correct me when my time frame for before xmas is clearly medium term is just obtuse. Over 3 months just isn't short term in crypto and particularly alts. Obtuse on an opinion that further ends with the potential argument for accelerated time horizons. Interesting. It does pay to reread my post in its entirety. I think time horizons with crypto are particularly unique due to the 24 hour nonstop trading.
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