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fewcoins (OP)
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December 17, 2014, 05:02:19 AM |
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I see higher lows... if we are above 350 by the weekend the bulls will come rushing in as they squeeze the shorters!  |
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fewcoins (OP)
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December 17, 2014, 05:04:21 AM |
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Today marks another great day to buy as we hit the beloved triple bottom!  |
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Nrcewker
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December 17, 2014, 05:35:09 AM |
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do you use ie11? I was ready to upgrade my ie8 although I use chrome all the time, but i need a normal ie, how about ie11?
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exocytosis
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December 17, 2014, 06:00:29 AM |
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Lines on a chart are just lines on a chart. Looking for such "meaningful" patterns is known as pareidolia.
BTC price is driven by supply and demand. Currently, the supply is a lot larger than the demand.
Is there reason to expect that to change in the foreseeable future?
No.
And that's why the price will continue falling.
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abs350
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December 17, 2014, 10:38:44 AM |
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Lines on a chart are just lines on a chart. Looking for such "meaningful" patterns is known as pareidolia.
BTC price is driven by supply and demand. Currently, the supply is a lot larger than the demand.
Is there reason to expect that to change in the foreseeable future?
No.
And that's why the price will continue falling.
incorrect. the real picture is more complicated than that. |
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SirChiko
Legendary
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Activity: 966
Merit: 1000
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December 17, 2014, 10:45:33 AM |
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Lines on a chart are just lines on a chart. Looking for such "meaningful" patterns is known as pareidolia.
BTC price is driven by supply and demand. Currently, the supply is a lot larger than the demand.
Is there reason to expect that to change in the foreseeable future?
No.
And that's why the price will continue falling.
incorrect. the real picture is more complicated than that. It isn't about some pictures, exo is right it's about supply and demand. |
The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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sniveling
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December 17, 2014, 12:08:50 PM |
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Today marks another great day to buy as we hit the beloved triple bottom! Does the fact it just went down to 319.6 on bitstamp invalidate the triple bottom? edit/ Does it still count as a triple bottom because it just dropped further down to 317.0 |
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hector3115
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December 17, 2014, 12:16:31 PM |
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It doesn't matter if the candle closes around 320.
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smalltimer
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December 17, 2014, 01:31:26 PM |
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the low isn't higher and it's not a tripple bottom but therefore the total amnesia and lack of a brain of most participants in this thread has been confimed.
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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December 17, 2014, 03:59:17 PM |
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the low isn't higher and it's not a tripple bottom but therefore the total amnesia and lack of a brain of most participants in this thread has been confimed.
You are correct it is a quadruple bottom. The price has dropped into the mid 3's and high 2's 4 times and bounced back each time. This doesn't mean it won't go lower but it is right in the numbers just open the eyes. If you are looking for a double, triple "bottom" of $275.968438438095680952809458094236709843275465 or perhaps 268.45843258094358432806574392852965 you are just wow. |
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fewcoins (OP)
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December 17, 2014, 04:11:14 PM |
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Today marks another great day to buy as we hit the beloved triple bottom! Does the fact it just went down to 319.6 on bitstamp invalidate the triple bottom? edit/ Does it still count as a triple bottom because it just dropped further down to 317.0 As I said in many many posts... we were looking for a bottom at 316, my team and I are now full leverage long at 316, we can't believe it hit our target so fast! As professional traders, we are sticking to this target price, so emotion will not be involved... |
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samson
Legendary
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Activity: 2097
Merit: 1070
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December 17, 2014, 08:13:41 PM |
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Today marks another great day to buy as we hit the beloved triple bottom! Does the fact it just went down to 319.6 on bitstamp invalidate the triple bottom? edit/ Does it still count as a triple bottom because it just dropped further down to 317.0 As I said in many many posts... we were looking for a bottom at 316, my team and I are now full leverage long at 316, we can't believe it hit our target so fast! As professional traders, we are sticking to this target price, so emotion will not be involved... Lets see how that works out for you... |
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fewcoins (OP)
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December 17, 2014, 08:38:19 PM |
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^ We will see! Thanks |
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dothebeats
Legendary
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Activity: 3766
Merit: 1354
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December 17, 2014, 08:50:59 PM |
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Optimistic views. I think another great time to buy some cheap coins as we hit the triple bottom.  Emotions, step aside please, we're going to ride another roller coaster. |
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coinableS
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Activity: 1442
Merit: 1186
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December 17, 2014, 08:57:04 PM |
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now full leverage long at 316, we can't believe it hit our target so fast!
Holy crap! Fewcoins is going long?! Inconceivable! |
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communication guerrilla
Newbie
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Activity: 7
Merit: 0
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December 17, 2014, 10:29:45 PM |
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is this "the bottom is in"-thread no. 4935 this year?
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Ektra
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December 17, 2014, 10:40:40 PM |
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now full leverage long at 316, we can't believe it hit our target so fast!
Holy crap! Fewcoins is going long?! Inconceivable! IIRC he/she/it has been long previously. Possibly only to add credibility to the persona, but tbh they weren't bad calls. |
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ParabellumLite
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December 17, 2014, 10:47:16 PM |
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is this "the bottom is in"-thread no. 4935 this year?
More or less. It is the flood of topics like these that automatically make me assume the opposite. i.e. that the bottom really isn't in. |
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Markos
Member
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Activity: 108
Merit: 10
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December 17, 2014, 11:45:28 PM |
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I don't think so, a high number of shorts on Bitfinex indicates us north direction Oh, and 6h/12h RSI is heavily undervalued... |
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fewcoins (OP)
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December 18, 2014, 03:57:09 AM |
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now full leverage long at 316, we can't believe it hit our target so fast!
Holy crap! Fewcoins is going long?! Inconceivable! IIRC he/she/it has been long previously. Possibly only to add credibility to the persona, but tbh they weren't bad calls. haha very true, last time I went long was after we hit around the 320 level right after we came off the pop from the 275 bottom... and we hit 485 from then! We weren't full leverage at that time unfortunately so profit was limited... This time we had a 316 target, started covering shorts since 340, started buying 330ish~, averaging 317~ after buying all the cheap short term coins today. I have always made money doing the opposite of what others do, try it, I bet you'll be so happy you'll buy me coffee or tip me something now full leverage long at 316, we can't believe it hit our target so fast!
Holy crap! Fewcoins is going long?! Inconceivable! Correct sir |
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