return of the dead cat

[kwukduck]

This is it, the top of the dead cat bounce. Put your sell orders and shorts now or lose massively.
You have been warned.

[ParabellumLite]

This is it, the top of the dead cat bounce. Put your sell orders and shorts now or lose massively.
You have been warned.

I agree, but let's see what happens. In the meanwhile Kwukduck, keep this topic alive .

[barbs]

what If it is too cold for shorts?? Can I put on some corduroys?

[Ultros]

No content, no TA, no thinking or clue, not even a funny picture. Sad. I'm warned but I'm sad.

[Raystonn]

Better advice: Place your Bitstamp bids at USD$122.00.

[arvindr]

This is it, the top of the dead cat bounce. Put your sell orders and shorts now or lose massively.
You have been warned.

People have been warning people for the entire year .

[gustav]

Who cares!? Bitcoin is down, so what else is new? Still fishing for bottom?
Want to store value in crypto? Don't use bitcoin then!

I can't even leave the full comment here i am inclined to do.

Bitcoin dead cat bouncing around? Possible. I would not be surprised because gravity is an important law in physics. You can not ignore it. Well, you can but profit isn't made that way ...

[okthen]

We may go south again, but I think we've already hit the bottom.
Safer to hodl

[Raystonn]

The Elliott Wavers would say that the bounce off the low is not impulsive with a 5 wave move.  They would expect this is still a retracement and we have another leg down to go.

[Brewins]

If bitcoin is going nowhere but down and it lives only from dead cat bounces, why do you even bothered to put your personal address in your signature, probably  hoping for donations?

[Edward50]

All I'm seeing is weak demand even at these low prices. This is really bad,

Volume is slowly dropping, nobody is buying at $200, looks still too high.

Seems like many people still trying to hold on and not sell.

I don't think the money is there anymore to pump bitcoin and eventually the sell pressure is going to win here. I think many people are fed up with the permabulls and get richer quickers pushing the coin to get them rich.

We have to face that the price has dropped a lot off the highs, so it will be a slower fall down from here.

[inca]

Volume is slowly dropping, nobody is buying at $200, looks still too high.

The price has been over 200 for two days therefore people are buying at $200.

Your analysis is faulty.

[waaat?]

Dump incoming!
Buy your last Bitcoin at 120$ - and buy them only to pump alts. In case 120$ is broken support GTFO! You actually should have been the fuck out 14 days ago...

[ronald98]

Better advice: Place your Bitstamp bids at USD$122.00.

Why $122.00?

[darkangel11]

Better advice: Place your Bitstamp bids at USD$122.00.

Why $122.00?

Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?

[ParabellumLite]

Better advice: Place your Bitstamp bids at USD$122.00.

Why $122.00?

Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?

Well, I like to ridicule TA all the time but it has shown its validity several times here already. Maybe humans don't react like that at first sight, but trading bots for example do. In that case, a drop of 1 dollar below a crucial level can have dramatic consequences.

[Raystonn]

Better advice: Place your Bitstamp bids at USD$122.00.

Why $122.00?

Actually, I'd go with $128 to be safe.  You may miss the move at $122.  I think we're likely to spike down to there, but can't guarantee that.

The final move down of the current bear market in the most successful Elliott Wave counts should be above $49 based on the length of wave iii.  But it will more than likely be well above that, where we hit 1.618 times the magnitude of the 339.79 -> 683.26 move last year.  That point of support is at about $127.52.  After we hit that, we should at the very least retest the highs of November 2013 before hitting any newer lows.

[barbs]

Better advice: Place your Bitstamp bids at USD$122.00.

Why $122.00?

Actually, I'd go with $128 to be safe.  You may miss the move at $122.  I think we're likely to spike down to there, but can't guarantee that.

The final move down of the current bear market in the most successful Elliott Wave counts should be above $49 based on the length of wave iii.  But it will more than likely be well above that, where we hit 1.618 times the magnitude of the 339.79 -> 683.26 move last year.  That point of support is at about $127.52.  After we hit that, we should at the very least retest the highs of November 2013 before hitting any newer lows.

THis post makes me want to market buy right now this is complete nonsense and this thread sucks.

[Raystonn]

Better advice: Place your Bitstamp bids at USD$122.00.

Why $122.00?

Actually, I'd go with $128 to be safe.  You may miss the move at $122.  I think we're likely to spike down to there, but can't guarantee that.

The final move down of the current bear market in the most successful Elliott Wave counts should be above $49 based on the length of wave iii.  But it will more than likely be well above that, where we hit 1.618 times the magnitude of the 339.79 -> 683.26 move last year.  That point of support is at about $127.52.  After we hit that, we should at the very least retest the highs of November 2013 before hitting any newer lows.

THis post makes me want to market buy right now this is complete nonsense and this thread sucks.

Complete nonsense?

Is this the end of BTC ??

what If it is too cold for shorts?? Can I put on some corduroys?

who's the fat twitter guy people have been posting about?

Bitcoin Y U SO BAD

[xmasdobo]

Reporting on an isolated 6 month change is the same bullshit.

The Bitcoin price on January 1st 2013 was $13.

The Bitcoin price on January 1st 2015 was $315.

2 year is +2323%

Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.