Looks like we're getting ready for another move

Shiver

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Quote from: r0ach on June 02, 2016, 12:32:18 PM

Quote from: Shiver on June 02, 2016, 12:02:33 PM

At the risk of making a greater fool of myself, I'm thinking of it testing $570 or $500, just for the weekend (that is, not later than Sunday evening in the Western world).

Please learn how to chart and trade before making posts. The last hard floor was $520. The floor then rose to around $535. When you have a rising floor, it's obviously not going down. It's now in a sideways channel of $535-$540 at the moment with virtually 0 chance of dropping.

Hi R0ach,

I respect your opinions, and you are one of only a handful of people on here whose name I look out for in a thread. I was a little disappointed therefore when you told me to go learn how to chart and trade (I started in 1994 fwiw).

You made your opinion clear on direction (up), and I made my opinion clear not on direction, but *when*. If you put the two together then I think we can chalk that one up as a success.

Shiver(Paul).

2legit2

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Quote from: Shiver on June 02, 2016, 10:05:47 AM

I think within 24 hours of posting this we'll see a move, 48 hours max. When I say move, I'm talking about something >$10 usual, but direction I don't know...Just a significant move for those that like options or range bound trading.

That was enlightening and useful to almost nobody I know, but there will be traders out there that can take advantage of it.

i guess you are right, after such a huge rise bitcoin price cannot be just stable, the price will either significantly grow or drop, as people will start buying and selling like crazy

i think that the price has a lot of potential to grow at the moment and it will definitely grow a lot in the near future because the halving is incoming and people are throwing their money into bitcoins

glendall

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Yup, daily variance is $10 - $15 USD I'd say. I wouldn't even really say a 'move' is a 'move' unless you see something over a 5% change (about $25 USD).

dothebeats

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+-$10 is nothing special to see nowadays, specially that we are nearing halving (plus the hype kicks in, and some traders are taking advantage of it). I'd be amazed if the price movements exceed greater than $20, which I think would not be the case in the following hours/days.

amacar2

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I think there will be bigger pump to 600 as price seems to find good floor at 535$ Range currently and no big dump coming. This should generally push the market a little bit upto 600 before july i think.

r0ach

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Quote from: Shiver on June 02, 2016, 12:02:33 PM

At the risk of making a greater fool of myself, I'm thinking of it testing $570 or $500, just for the weekend (that is, not later than Sunday evening in the Western world).

Please learn how to chart and trade before making posts. The last hard floor was $520. The floor then rose to around $535. When you have a rising floor, it's obviously not going down. It's now in a sideways channel of $535-$540 at the moment with virtually 0 chance of dropping.

Shiver

sr. member

Activity: 248

Merit: 252

At the risk of making a greater fool of myself, I'm thinking of it testing $570 or $500, just for the weekend (that is, not later than Sunday evening in the Western world).

zimmah

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i consider $10 barely worth the risk of even trading.

not enough gain for the risk of holding fiat.

randy8777

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Quote from: Shiver on June 02, 2016, 10:05:47 AM

I think within 24 hours of posting this we'll see a move, 48 hours max. When I say move, I'm talking about something >$10 usual, but direction I don't know...Just a significant move for those that like options or range bound trading.

That was enlightening and useful to almost nobody I know, but there will be traders out there that can take advantage of it.

in the current market +$10 movements are nothing special. we've seen plenty of them last week. but then again, everyone has their own definition of what they consider to be a decent price movement.

romero121

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Quote from: Shiver on June 02, 2016, 10:05:47 AM

I think within 24 hours of posting this we'll see a move, 48 hours max. When I say move, I'm talking about something >$10 usual, but direction I don't know...Just a significant move for those that like options or range bound trading.

That was enlightening and useful to almost nobody I know, but there will be traders out there that can take advantage of it.

I don't think such $10+(-) fluctuations takes place. Such variations happen days after the increase. Now its getting stabilized for the next rise which might take place by the falling week.

Shiver

sr. member

Activity: 248

Merit: 252

I think within 24 hours of posting this we'll see a move, 48 hours max. When I say move, I'm talking about something >$10 usual, but direction I don't know...Just a significant move for those that like options or range bound trading.

That was enlightening and useful to almost nobody I know, but there will be traders out there that can take advantage of it.

Topic: Looks like we're getting ready for another move (Read 873 times)