podyx
Legendary
 Offline
Activity: 2338
Merit: 1035
|
 |
November 13, 2014, 02:37:04 AM |
|
Update on the situation. we will look to buy again when this falls over.  Looks like this is playing out?? How confident are you?? Should I buy here or wait? |
|
|
|
|
|
|
|
|
|
|
|
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
jatajuta
|
|
November 13, 2014, 02:43:01 AM |
|
It appear that bitfinex is dealing with some margin calls from the shorts.
|
|
|
|
chessnut (OP)
Legendary
Offline
Activity: 924
Merit: 1001
|
|
November 13, 2014, 02:49:45 AM |
|
Looks like this is playing out?? How confident are you??
Should I buy here or wait?
Im sorry but we didnt get a signal yet. that just happens sometimes. technically we have an abc correction but its very small in price and time. I feel like this might be v but there is a risk it is (b) of iv the price might collapse on anybody buying now. betting small on it is ok risk reward if you have the balls to wait for final v. |
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
November 13, 2014, 02:52:01 AM |
|
Looks like this is playing out?? How confident are you??
Should I buy here or wait?
Im sorry but we didnt get a signal yet. that just happens sometimes. technically we have an abc correction but its very small in price and time. I feel like this might be v but there is a risk it is (b) of iv the price might collapse on anybody buying now. betting small on it is ok risk reward if you have the balls to wait for final v. Thanks for the answer, I think I will sit it out for a few hours and pray to god  |
|
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
November 13, 2014, 04:11:00 AM |
|
Looks like this is playing out?? How confident are you??
Should I buy here or wait?
Im sorry but we didnt get a signal yet. that just happens sometimes. technically we have an abc correction but its very small in price and time. I feel like this might be v but there is a risk it is (b) of iv the price might collapse on anybody buying now. betting small on it is ok risk reward if you have the balls to wait for final v. Update??  What's your thoughts on this little mini rally. There isn't so much volume, you think we still have a leg down? |
|
|
|
|
|
watuba
|
|
November 13, 2014, 04:13:57 AM |
|
Feels like this thing is about to drop like a rock.
|
|
|
|
chessnut (OP)
Legendary
Offline
Activity: 924
Merit: 1001
|
|
November 13, 2014, 04:19:15 AM |
|
Feels like this thing is about to drop like a rock.
I think Okcoin might even make it right up to 2990. but it is stupidly over extended, and the count is pretty clear. we will have a sharp drop soon. I must insist that nobody chases this although hopefully we are all in coins, and not fiat! |
|
|
|
|
watuba
|
|
November 13, 2014, 04:20:55 AM |
|
Is it too risky to go for a baby short at 2990?
EDIT: Obviously still completely in coins though.
|
|
|
|
chessnut (OP)
Legendary
Offline
Activity: 924
Merit: 1001
|
|
November 13, 2014, 04:42:38 AM |
|
Is it too risky to go for a baby short at 2990?
EDIT: Obviously still completely in coins though.
dont even think about it until it gets rolling is my advice. if you can snap up a good price in time, you got lucky! careful of selling into an empty order book. Its risky, but potentially lots of reward. Ive only had bad luck shorting any top in this trend. the goal now is really another quality buy signal. |
|
|
|
windjc
Legendary
Offline
Activity: 2156
Merit: 1070
|
|
November 13, 2014, 04:45:02 AM |
|
Is it too risky to go for a baby short at 2990?
EDIT: Obviously still completely in coins though.
dont even think about it until it gets rolling is my advice. if you can snap up a good price in time, you got lucky! careful of selling into an empty order book. Its risky, but potentially lots of reward. Ive only had bad luck shorting any top in this trend. the goal now is really another quality buy signal. I might argue that 3000 would be a fairly safe bet for shorting futures if we get there in another parabolic rise. |
|
|
|
|
|
watuba
|
|
November 13, 2014, 04:48:54 AM |
|
Do margin calls happen based on the futures price, the Index price, or the last BTC price on okcoin?
|
|
|
|
windjc
Legendary
Offline
Activity: 2156
Merit: 1070
|
|
November 13, 2014, 04:49:52 AM |
|
Do margin calls happen based on the futures price, the Index price, or the last BTC price on okcoin?
Futures price. Operates separately from main market. |
|
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
November 13, 2014, 04:56:40 AM |
|
Why aren't we going down  |
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
November 13, 2014, 04:58:18 AM |
|
Why aren't we going down Who's left to sell that wasn't already tempted today? |
|
|
|
chessnut (OP)
Legendary
Offline
Activity: 924
Merit: 1001
|
|
November 13, 2014, 05:06:12 AM |
|
Why aren't we going down Fifth waves can blow out into truly amazing parabolas. I really wasnt expecting this much today. it must have been catalysed by the winkelvi ETF. It will always correct and offer a trade. I cant say exactly when, but the 1m count is ripening to a top. I dont expect this to tolerate 3000 yuan for any length of time today. |
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
November 13, 2014, 05:11:12 AM |
|
Why aren't we going down Fifth waves can blow out into truly amazing parabolas. I really wasnt expecting this much today. it must have been catalysed by the winkelvi ETF. It will always correct and offer a trade. I cant say exactly when, but the 1m count is ripening to a top. I dont expect this to tolerate 3000 yuan for any length of time today. Thanks, what would you consider a good entering position?? (bitstamp price) |
|
|
|
|
jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
|
|
November 13, 2014, 05:13:37 AM |
|
Elliot wave is useless. Can't believe people still try to trade with it.
|
|
|
|
chessnut (OP)
Legendary
Offline
Activity: 924
Merit: 1001
|
|
November 13, 2014, 05:25:15 AM |
|
Why aren't we going down Fifth waves can blow out into truly amazing parabolas. I really wasnt expecting this much today. it must have been catalysed by the winkelvi ETF. It will always correct and offer a trade. I cant say exactly when, but the 1m count is ripening to a top. I dont expect this to tolerate 3000 yuan for any length of time today. Thanks, what would you consider a good entering position?? (bitstamp price) we will know when the time comes |
|
|
|
chessnut (OP)
Legendary
Offline
Activity: 924
Merit: 1001
|
|
November 13, 2014, 05:28:14 AM |
|
I do believe we just hit the top but we nee more confirmation before shorting its a pig right now.
|
|
|
|
|
watuba
|
|
November 13, 2014, 05:30:51 AM |
|
If we get the confirmation that this is the top, could this be a longer term short? I mean, if there's a key inflection point that tells us whether we're going to 2xx or the moon and that inflection point is like $500, it would be awesome to hedge by taking a decent short position.
|
|
|
|
|
