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Topic: Morecoin analysis [bitcoin/USD market observations] - page 10. (Read 47517 times)

hero member
Activity: 854
Merit: 503
Legendary trader
Things are looking great for bitcoin holders. Support at $275 did hold, new bottom is in.
We have a high volume breakout while I type this. We are on our way again to 300's. Enjoy!

Status: Holding like a king.
hero member
Activity: 854
Merit: 503
Legendary trader
Status: Buying and holding.

We are in the process of leaving the 270's for 280's!
legendary
Activity: 2828
Merit: 1515
I think the emphasis on this post is what you say about greed. Greed is what I feel gets most traders to lose most all their profits from the beginning of Q1 to the point they spend the rest of the year trying to make it up. Sometimes, this causes even more greed which bites you in the ass.
hero member
Activity: 700
Merit: 500
14 april was one of the last chances to buy that cheap. Great call, OP still actual.
Sitting at $280 dollars was a pinch in April but with sentiment and momentum its may be in the opposite polarity
Where there is a stabilizaton and support being built at this range and trying to consolidate.
Profit taking is to be had but at the same time I can see the market moving upwards for now we will need to look at what will happen although in my opinion this is an ok buy range (Pinch range) with some downside return where 215 was the current low and some good upside potential to the 420 support levels.
hero member
Activity: 854
Merit: 503
Legendary trader
Back to $300 by Sunday is one possible outcome.

We did see some serious dump attempts, however the sentiment has proven to be very bullish lately.

I hold on to my coins again.
ask
legendary
Activity: 1386
Merit: 1004
hero member
Activity: 854
Merit: 503
Legendary trader
New bottom for now at $275. Wink
sr. member
Activity: 406
Merit: 250
As long as BTC is used widely, the price will go higher.
legendary
Activity: 1960
Merit: 1010
I have to admit that I feel like we are overbought right now.
I would not be surprised if we see some profit taking soon.

I was 1 week early but this idea seems to unfold.

I'm aware that a lot of disciplined analysts predict higher prices to be coming up next. Based on the information currently at hand I do not agree.

This next move down should confirm whether the bear market is done for more than anything else.

Timing is everything. In fact many analysts now think Bitcoin is taking a break but the uptrend is still intact. Buy on dips or holding ain't bad. Never know where it's really gonna turn up again and you don't want to miss that ride to new all time highs.
hero member
Activity: 854
Merit: 503
Legendary trader
I have to admit that I feel like we are overbought right now.
I would not be surprised if we see some profit taking soon.

I was 1 week early but this idea seems to unfold.

I'm aware that a lot of disciplined analysts predict higher prices to be coming up next. Based on the information currently at hand I do not agree.

This next move down should confirm whether the bear market is done for more than anything else.
hero member
Activity: 854
Merit: 503
Legendary trader
14 april was one of the last chances to buy that cheap. Great call, OP still actual.
Thank you for acknowledging my call. Smiley

At the same time I have to admit that I feel like we are overbought right now.
I would not be surprised if we see some profit taking soon.
sr. member
Activity: 406
Merit: 250
As long as bitcoin is used, any current price is reasonable.
legendary
Activity: 3472
Merit: 10611
14 april was one of the last chances to buy that cheap. Great call, OP still actual.

yeah but now price still cheap in range $250-$260, everybody still have a time to buy it now before this to late guys
you can call every price range that we are in, a low price to buy as long as the future is not clear!
a couple of weeks back when the price was at 220 USD range i was always saying that this is a good time to buy since it is at a low level and was stable for long time. now that it has gone up i'd say it is late to buy cheep, you have to pay extra.
but if you believe that it can go up to $1000 again, you can consider this level cheep and buy now.
sr. member
Activity: 266
Merit: 250
14 april was one of the last chances to buy that cheap. Great call, OP still actual.

yeah but now price still cheap in range $250-$260, everybody still have a time to buy it now before this to late guys
legendary
Activity: 1960
Merit: 1010
14 april was one of the last chances to buy that cheap. Great call, OP still actual.
hero member
Activity: 518
Merit: 500
Trust me!
I guess the question is its been bleeding for a long time
The best strategy has been to short
When will the downward trend end and finally reverse is the real question.

to catch a falling knife?  Wink

Well in case one is unsure, it is best to just stay out of the game until a real trend emerges and is being confirmed, subsequently. Right now nothing's confirmed, really. Even though things are looking positive again, we first need to cross some more resistance lines!
hero member
Activity: 700
Merit: 500
I guess the question is its been bleeding for a long time
The best strategy has been to short
When will the downward trend end and finally reverse is the real question.

to catch a falling knife?  Wink

Well if you caught it at the 800 price your bleeding
If it was at 420 your hand is hurt
280 was a bit of a pinch
215 Makes you wonder though well were almost half of 420 how low can we limbo Smiley
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
I guess the question is its been bleeding for a long time
The best strategy has been to short
When will the downward trend end and finally reverse is the real question.

to catch a falling knife?  Wink
hero member
Activity: 700
Merit: 500
I guess the question is its been bleeding for a long time
The best strategy has been to short
When will the downward trend end and finally reverse is the real question.
hero member
Activity: 518
Merit: 500
Trust me!
I think the real question we should be debating right now is where the top for this current rally on BTC-e is. The second buying spree seems to have come to an end now, but who's to say there won't be a third one? Which makes things even more bizarre: If it was someone with inside knowledge about BTC-e going down or being banned, why would they wait for a second rally? (Is the orderbook only filling back up that slowly?)
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