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Topic: Let's check the chart and VOTE (Read 2102 times)

sr. member
Activity: 252
Merit: 250
November 08, 2015, 03:19:43 PM
#29
New chart. Huobi version...

Anyone's guess where we go from here. It seems like we are just going to have to sit and wait for 2700+ or sub 2300.

I'm going to close the voting now and I will put up another poll at a later date with a new chart.


screen shot windows
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
November 08, 2015, 02:49:55 AM
#28
I would be happy either way, red or green. I have some coins that i am looking to re-buy and also batches that i would sell if it goes over, so either way works for me.
Talking about the most probable, i would say >400 within 48 hours, and stabilization just under 500. But i aint that good at speculations, so use your own judgement when trading.
sr. member
Activity: 252
Merit: 250
November 07, 2015, 10:07:12 PM
#27
I don't think that we will go sideways for so many days.

Expecting a move up on Sunday candle 400+ and maybe already blaze it action in the evening.  

There won't be enough coins for institutional investors,  etfs and people switching from gold to btc.
People are just scared to buy in after this rise,  but if we don't go down we will continue with the rally,  sideways not an option imo.


I agree with you. I didn't put much thought into the dates at the bottom just wanted to show my ideas for a general trend.

At this very moment with China at about 2588, it appears that a break above 2600 is imminent which could cause a nice ramp over the next few hours.

legendary
Activity: 2002
Merit: 1040
November 07, 2015, 09:04:28 PM
#26
I don't think that we will go sideways for so many days.

Expecting a move up on Sunday candle 400+ and maybe already blaze it action in the evening.  

There won't be enough coins for institutional investors,  etfs and people switching from gold to btc.
People are just scared to buy in after this rise,  but if we don't go down we will continue with the rally,  sideways not an option imo.


Agreed. We're going up or down soon. And it's looking more and more likely that up is on the horizon. Should have a final blow out wave to 6-700 then the real mini-bubble pop which could take us back down to 350-500 levels for a couple months.
sr. member
Activity: 322
Merit: 250
November 07, 2015, 08:58:57 PM
#25
Red is a likely scenario. I truly think if the bears get the price to 360 and lower we go back to 250 or lower.

hero member
Activity: 681
Merit: 507
November 07, 2015, 08:56:25 PM
#24
I don't think that we will go sideways for so many days.

Expecting a move up on Sunday candle 400+ and maybe already blaze it action in the evening.  

There won't be enough coins for institutional investors,  etfs and people switching from gold to btc.
People are just scared to buy in after this rise,  but if we don't go down we will continue with the rally,  sideways not an option imo.
legendary
Activity: 889
Merit: 1013
November 07, 2015, 08:52:23 PM
#23
I'm awful at trading and barely know what a Fibonacci squiggly line is, but surely dipping below it means something.
Spoken like a pro Wink
sr. member
Activity: 252
Merit: 250
November 07, 2015, 08:34:43 PM
#22
Chart update.

We have held roughly 371-393 for over 24 hours now and also posted a nice little 1D green candle. These developments should help give bullish investors confidence to buy around these levels. After all, their chances of getting burned are much lower than a couple days ago according to the charts. We have not seen sharp upward movement develop yet, but we have stopped going down which is positive.

I've updated the chart to show what I view as the two most likely scenarios over the next few days. IMO $400 is a level that if breached should scare the hell out of bears.



post image online
sr. member
Activity: 252
Merit: 250
November 07, 2015, 09:49:14 AM
#21
This will most likely go the red way.


Could you give us some more detail as to why you feel that way? I understand we are all guessing here, but it's better to have at least some reason to believe in a particular direction.

Or you can just hope and wish your way there....
sr. member
Activity: 252
Merit: 250
November 07, 2015, 09:47:19 AM
#20
Alright Folks. Bulls. Bears. Spectators.

We have triple bottom support at roughly $365.


It went down to $353 on Bitstamp about 14 hours ago. Doesn't dipping below the Fibonacci squiggly line at roughly $365 mean we are headed down to the next Fibonacci squiggly line lower down? I'm awful at trading and barely know what a Fibonacci squiggly line is, but surely dipping below it means something.


If there is a breakdown below a level of support(365 in this case), but then the price quickly rises back up and continues higher it's generally called a bear trap.

It means that bears saw a breakdown and shorted, but then they immediately got hurt by the price flying back up. They were tricked into thinking there would be materially more downside.
hero member
Activity: 602
Merit: 508
November 07, 2015, 05:08:07 AM
#19
This will most likely go the red way.
legendary
Activity: 1456
Merit: 1001
November 06, 2015, 03:28:39 PM
#18
I voted blue, i expect recovering the 400 $ levels to grow bitcoin price slowly than previus week. But not in the next hour, could take some days to pass the 400$.
sr. member
Activity: 298
Merit: 253
November 06, 2015, 03:17:41 PM
#17
Alright Folks. Bulls. Bears. Spectators.

We have triple bottom support at roughly $365.


It went down to $353 on Bitstamp about 14 hours ago. Doesn't dipping below the Fibonacci squiggly line at roughly $365 mean we are headed down to the next Fibonacci squiggly line lower down? I'm awful at trading and barely know what a Fibonacci squiggly line is, but surely dipping below it means something.
hero member
Activity: 1470
Merit: 504
November 06, 2015, 02:51:45 PM
#16
I would go insane trying to track and trade a 2h chart.

The 1 week chart is where it's at...
legendary
Activity: 1106
Merit: 1005
November 06, 2015, 02:44:15 PM
#15
Blue looks about right. We went up way too fast and this is now something we have to feel for a bit.

As long as you didn´t buy in during the vertical phase, you should still be quite comfortable with your holdings. Atleast I am, still in the green for any coins I bought last month.



we're still way undervalued
zby
legendary
Activity: 1592
Merit: 1001
November 06, 2015, 04:50:01 AM
#14
According to my calculations for 2.5 leveraged (default at bitfinex) positions bought between 400 and 500 the margin call price is 280-350. So if it falls below 350 we can see some of these.
legendary
Activity: 1946
Merit: 1007
November 06, 2015, 03:35:39 AM
#13
Blue looks about right. We went up way too fast and this is now something we have to feel for a bit.

As long as you didn´t buy in during the vertical phase, you should still be quite comfortable with your holdings. Atleast I am, still in the green for any coins I bought last month.
legendary
Activity: 1106
Merit: 1005
November 06, 2015, 12:37:01 AM
#12
I voted green because it's the least bearish option

but in fact i think green is still too bearish.
sr. member
Activity: 252
Merit: 250
November 05, 2015, 11:19:53 PM
#11
Those numbers were made up by a prophet in my pottery class.


Well don't post meaningless shit like that. K thanks
hero member
Activity: 854
Merit: 503
Legendary trader
November 05, 2015, 11:19:07 PM
#10
Those numbers were made up by a prophet in my pottery class.
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