Topic: and we are officially off to test the previous high at around $270 - page 2. (Read 2137 times)
October 03, 2014, 07:54:18 PM
I don't think "odds are very high" but I wouldn't mind picking up some coin under $300
October 03, 2014, 07:09:25 PM
Undoubtedly, Huobi will pump bitcoin if it ever falls back to 260ish, like they did on every psychological opportunity this year
IMO it's dangerous to short for a quick buck from here down to 300ish.
IMO it's dangerous to short for a quick buck from here down to 300ish.
anyone doing anything with bitcoin on margin is very likely to eventually get their ass handed to them. This is not one of those items anyone should try get fancy with IMO
October 03, 2014, 07:08:45 PM
Love it
October 03, 2014, 07:07:26 PM
Unless someone just starts to buy up all the BTC on the asks and triggers short squeezes and chain reactions all around (very probably won't happen), the $200s are almost a sure thing I would say.
Of course the road would be full of dead cats, bull traps and slow bounces, but going there it seems.
Of course the road would be full of dead cats, bull traps and slow bounces, but going there it seems.
October 03, 2014, 06:56:27 PM
Undoubtedly, Huobi will pump bitcoin if it ever falls back to 260ish, like they did on every psychological opportunity this year
IMO it's dangerous to short for a quick buck from here down to 300ish.
IMO it's dangerous to short for a quick buck from here down to 300ish.
October 03, 2014, 06:53:06 PM
Possible. Less than $100 away from it at the moment, definitely not "impossible" anymore, as was the claim a month or two ago.
I would add the caveat that, if everyone expects a drop to x, it often stops just a tad /short/ of x, so I don't know about the exact target, but going back to the 200s now looks like a real possibility, unless we see a drastic return of buying pressure (to the point where the weekly closes green).
Quite the bear market we're in :/
I would add the caveat that, if everyone expects a drop to x, it often stops just a tad /short/ of x, so I don't know about the exact target, but going back to the 200s now looks like a real possibility, unless we see a drastic return of buying pressure (to the point where the weekly closes green).
Quite the bear market we're in :/
October 03, 2014, 06:39:43 PM
precious metals getting raped too. Euro and GBP as well.
definitely 2014 has been the year of the US dollar.
definitely 2014 has been the year of the US dollar.
October 03, 2014, 06:39:24 PM
its the approximate previous spike high give or take a few dollars
go look at bitcoin chart
i think it was around april 2013 if I am not mistaken, im sure someone here will give exact date and exact $ level.
go look at bitcoin chart
i think it was around april 2013 if I am not mistaken, im sure someone here will give exact date and exact $ level.
April 10th 2013, $266. I remember that day pretty well. Gox froze and was down for hours. When they reopened, trading zigzagged between $50 and $150 violently for a while. That terminated the spring-2013 run-up.
October 03, 2014, 06:36:01 PM
A month ago I would have thought it highly unlikely, but the recent trend is clearly in that direction. Really disappointing since a lot of news seems to be pretty good.
October 03, 2014, 06:35:25 PM
its the approximate previous spike high give or take a few dollars
go look at bitcoin chart
i think it was around april 2013 if I am not mistaken, im sure someone here will give exact date and exact $ level.
go look at bitcoin chart
i think it was around april 2013 if I am not mistaken, im sure someone here will give exact date and exact $ level.
October 03, 2014, 06:33:23 PM
How did you end up with $270? 
October 03, 2014, 06:25:19 PM
just a matter of time now, odds are very high. Don't see why any large specs would bother buying until they see what happens at 270.
that 270 doesn't hold and this could get ugly.
I had a 50k buy order in at 270 but now I'm just gonna wait and see what happens there.
that 270 doesn't hold and this could get ugly.
I had a 50k buy order in at 270 but now I'm just gonna wait and see what happens there.
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