Topic: Analysis - page 329. (Read 941596 times)
Ah those daily candles make it very clear: we'd been riding the upper bound of the BB for essentially all of August. Time for a dump.
116, 108, 96, or lower?
Oops....
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This bull will try to shake you off. Hold tight!
Two months ago on on June 27th when the market droppped BrightAnarchist said:
Then stock market rallies from 1573 to 1700 in two months. Bitcoin rallies from 70 to 140 USD. So, general rule is be careful when seeking advice.
But, I suspect BrightAnarchist will make the right call eventually, since if you call a bear market repeatedly then there may be a higher probability you will eventually be correct. Once a bear market does happen BrightAnarchist will essentially say "I told you so" and everyone will think he is a genius, but in reality he is a human and has made wrong calls in the past. Sorry for being blunt, BrightAnarchist.
https://bitcointalksearch.org/topic/m.2590652
Quote from: BrightAnarchist
Absolutely. I'm short everything right now
Then stock market rallies from 1573 to 1700 in two months. Bitcoin rallies from 70 to 140 USD. So, general rule is be careful when seeking advice.
But, I suspect BrightAnarchist will make the right call eventually, since if you call a bear market repeatedly then there may be a higher probability you will eventually be correct. Once a bear market does happen BrightAnarchist will essentially say "I told you so" and everyone will think he is a genius, but in reality he is a human and has made wrong calls in the past. Sorry for being blunt, BrightAnarchist.
https://bitcointalksearch.org/topic/m.2590652
Thanks for sharing your critical observation. That was valuable for me.
Indeed nobody is perfect, thanks for showing.
I was absolutely wrong about Bitcoin bouncing off a $120 ceiling and heading back down; following a 2011 pattern.
And based off of recent price movements, I don't even know if we'll ever see $50 again at this point... its looking more like the august 2012 "bubble"
I'm waiting and re-assessing my projections for Bitcoin and the equities markets. We may see a divergence in BTC price and overall USD markets this time.
And with all of these analysts/talking heads (CNBC, these bearish threads, and even my favorite analyst Marc Faber agrees) proactively declaring a negative outlook for this upcoming last quarter, like its inevitable (due to typically bearish months, bernanke leaving, stimulus ending), I actually think we may not see these droids that we are all looking for and expecting... and perhaps the market will drift sideways until the new fed chairman... at which point, whoever that is, will continue stimulus and pump the markets up so that this impending crash isn't blamed on them...
I dunno. Lucif's line pretty much sums it up:
"People share opinions here. Nobody is perfect."
And based off of recent price movements, I don't even know if we'll ever see $50 again at this point... its looking more like the august 2012 "bubble"
I'm waiting and re-assessing my projections for Bitcoin and the equities markets. We may see a divergence in BTC price and overall USD markets this time.
And with all of these analysts/talking heads (CNBC, these bearish threads, and even my favorite analyst Marc Faber agrees) proactively declaring a negative outlook for this upcoming last quarter, like its inevitable (due to typically bearish months, bernanke leaving, stimulus ending), I actually think we may not see these droids that we are all looking for and expecting... and perhaps the market will drift sideways until the new fed chairman... at which point, whoever that is, will continue stimulus and pump the markets up so that this impending crash isn't blamed on them...
I dunno. Lucif's line pretty much sums it up:
"People share opinions here. Nobody is perfect."
Two months ago on on June 27th when the market droppped BrightAnarchist said:
Then stock market rallies from 1573 to 1700 in two months. Bitcoin rallies from 70 to 140 USD. So, general rule is be careful when seeking advice.
But, I suspect BrightAnarchist will make the right call eventually, since if you call a bear market repeatedly then there may be a higher probability you will eventually be correct. Once a bear market does happen BrightAnarchist will essentially say "I told you so" and everyone will think he is a genius, but in reality he is a human and has made wrong calls in the past. Sorry for being blunt, BrightAnarchist.
https://bitcointalksearch.org/topic/m.2590652
Quote from: BrightAnarchist
Absolutely. I'm short everything right now
Then stock market rallies from 1573 to 1700 in two months. Bitcoin rallies from 70 to 140 USD. So, general rule is be careful when seeking advice.
But, I suspect BrightAnarchist will make the right call eventually, since if you call a bear market repeatedly then there may be a higher probability you will eventually be correct. Once a bear market does happen BrightAnarchist will essentially say "I told you so" and everyone will think he is a genius, but in reality he is a human and has made wrong calls in the past. Sorry for being blunt, BrightAnarchist.
https://bitcointalksearch.org/topic/m.2590652
I can be early and still be right about the deflationary hypothesis. It will be very profitable, but I have not yet gotten the signals I need to take particularly aggressive action. Again, I'm hoping that the October time-frame will provide this.
If you think getting every call right at both a long-term and intermediate-term time-frame is an appropriate standard to be held to, then good luck finding that holy grail.
People share opinions here. Nobody is perfect.
Finally some stuff is happening. It's still early though, I don't expect any really big moves until October, which is the usual crash season. S&P is in a short-term rally but when this ends - look out! Bitcoin should follow this time given the size of the moves I expect to unfold in other financial markets
I trade on bitstamp and try to keep track of this: this is actually the 3rd time in the past 2 months that a trend originated from bitstamp, according to my count. (sorry if I repeat myself, wrote the same in the wall thread).
re: volume. Here's what's really frustrating about bitstamp: lack of market depth. Even for my own, very moderate, trading volume, I suffer way too big slippage. bitamp volume is about 60% of mtgox volume, but the order book in the tradeable range is more like 25% of mtgox. :/
re: volume. Here's what's really frustrating about bitstamp: lack of market depth. Even for my own, very moderate, trading volume, I suffer way too big slippage. bitamp volume is about 60% of mtgox volume, but the order book in the tradeable range is more like 25% of mtgox. :/
is 7 am time to stop the party or keep the party going Ibiza style until 12 ?
Mother of god this is just awesome.
Did you noticed? Price drop started on bitstamp first! This was never before like that.
Even before bitstamp dumping, someone pumping LTC.
https://bitcointalksearch.org/topic/--288008
Did you noticed? Price drop started on bitstamp first! This was never before like that.
You're absolutely right. I find this odd considering Bitstamp's trade volume hasn't substantially increased the past few months compared to the rest of its recent history.
Did you noticed? Price drop started on bitstamp first! This was never before like that.
Not looking good. This is an Illiquid and inneficient market: big spreads, huge slippage for medium volumes, crazy high trading fees, withdrawal issues..
is 7 am time to stop the party or keep the party going Ibiza style until 12 ?
Not hard when there is someone who wants to run the price up in a low volume scenario
Fiat still rules, despite the mantra
Fiat still rules, despite the mantra
I disagree.
Bitcoin > Fiat.
Hence why we are at $140 per bitcoin. Not 140 Bitcoins per dollar.
Not hard when there is someone who wants to run the price up in a low volume scenario
Fiat still rules, despite the mantra
Fiat still rules, despite the mantra
We get it, you recently went short on bitcoin. Understandable, the price was/is tempting. Buy something nice, and relax.
Not hard when there is someone who wants to run the price up in a low volume scenario
Fiat still rules, despite the mantra
Fiat still rules, despite the mantra
What interested me was we ran through the previous last high of $135 without any resistance.
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