Topic: Monday Afternoon (US Time), Where is this this big phucking 'announcement'? - page 4. (Read 4731 times)
June 09, 2014, 02:42:38 PM
SELL SELL SELL!!!
June 09, 2014, 02:41:36 PM
June 09, 2014, 02:40:09 PM
I have been reading rumours of a big game changing announcement due to be getting made Monday Afternoon, Eastern US time.
So I guess Monday afternoon has and almost gone in the eastern US and there has been no news release or statement of note regarding Bitcoin?
Although there are bullish indicators such as the pennant we have had right at the end of this rather sharp rise up (bullish in theory anyhow) and there is the bullish divergence between higher lows in BTC price and lower lows in the RSI, I have to say that the market is feeling kind of heavy right about now. Also the maxed out state of the Bitfinex longs doesn't fill me with hope for the immediate term. Leveraged traders aren't long term investors/holders. Leveraged traders are looking to make a quick buck from market momentum. Even if Bitcoin does have the prospect of new ATH in the coming months, big investors must surely be looking at the state of the leveraged long positions and thinking, "Like hell am I buying into that to have these fuckers cash out on my ass!"? If I was them, I would be looking to use my market clout to try and squeeze these longs out of their trades.
In a quandary as what to do. A text book correction from here would be to mid $500s. Fuck holding Bitcoins bought in mid $600s through a correction like that. I notice also that all the market 'weight' is coming through Stamp. If Stamp were to be magically erased from the market for a week I think Bitcoin would go right up from here.
So I guess Monday afternoon has and almost gone in the eastern US and there has been no news release or statement of note regarding Bitcoin?
Although there are bullish indicators such as the pennant we have had right at the end of this rather sharp rise up (bullish in theory anyhow) and there is the bullish divergence between higher lows in BTC price and lower lows in the RSI, I have to say that the market is feeling kind of heavy right about now. Also the maxed out state of the Bitfinex longs doesn't fill me with hope for the immediate term. Leveraged traders aren't long term investors/holders. Leveraged traders are looking to make a quick buck from market momentum. Even if Bitcoin does have the prospect of new ATH in the coming months, big investors must surely be looking at the state of the leveraged long positions and thinking, "Like hell am I buying into that to have these fuckers cash out on my ass!"? If I was them, I would be looking to use my market clout to try and squeeze these longs out of their trades.
In a quandary as what to do. A text book correction from here would be to mid $500s. Fuck holding Bitcoins bought in mid $600s through a correction like that. I notice also that all the market 'weight' is coming through Stamp. If Stamp were to be magically erased from the market for a week I think Bitcoin would go right up from here.
Are you still long?
June 09, 2014, 02:25:39 PM
BFX just made the first spike up 
Won't go anywhere without Stamp and the only exchange that shifts Stamp is Huobi.
June 09, 2014, 02:25:21 PM
Stabilize at 550-650 for a month. Kill the margin traders.
June 09, 2014, 02:21:53 PM
BFX just made the first spike up
June 09, 2014, 02:17:30 PM
I have been reading rumours of a big game changing announcement due to be getting made Monday Afternoon, Eastern US time.
So I guess Monday afternoon has and almost gone in the eastern US and there has been no news release or statement of note regarding Bitcoin?
Although there are bullish indicators such as the pennant we have had right at the end of this rather sharp rise up (bullish in theory anyhow) and there is the bullish divergence between higher lows in BTC price and lower lows in the RSI, I have to say that the market is feeling kind of heavy right about now. Also the maxed out state of the Bitfinex longs doesn't fill me with hope for the immediate term. Leveraged traders aren't long term investors/holders. Leveraged traders are looking to make a quick buck from market momentum. Even if Bitcoin does have the prospect of new ATH in the coming months, big investors must surely be looking at the state of the leveraged long positions and thinking, "Like hell am I buying into that to have these fuckers cash out on my ass!"? If I was them, I would be looking to use my market clout to try and squeeze these longs out of their trades.
In a quandary as what to do. A text book correction from here would be to mid $500s. Fuck holding Bitcoins bought in mid $600s through a correction like that. I notice also that all the market 'weight' is coming through Stamp. If Stamp were to be magically erased from the market for a week I think Bitcoin would go right up from here.
So I guess Monday afternoon has and almost gone in the eastern US and there has been no news release or statement of note regarding Bitcoin?
Although there are bullish indicators such as the pennant we have had right at the end of this rather sharp rise up (bullish in theory anyhow) and there is the bullish divergence between higher lows in BTC price and lower lows in the RSI, I have to say that the market is feeling kind of heavy right about now. Also the maxed out state of the Bitfinex longs doesn't fill me with hope for the immediate term. Leveraged traders aren't long term investors/holders. Leveraged traders are looking to make a quick buck from market momentum. Even if Bitcoin does have the prospect of new ATH in the coming months, big investors must surely be looking at the state of the leveraged long positions and thinking, "Like hell am I buying into that to have these fuckers cash out on my ass!"? If I was them, I would be looking to use my market clout to try and squeeze these longs out of their trades.
In a quandary as what to do. A text book correction from here would be to mid $500s. Fuck holding Bitcoins bought in mid $600s through a correction like that. I notice also that all the market 'weight' is coming through Stamp. If Stamp were to be magically erased from the market for a week I think Bitcoin would go right up from here.
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