Morecoin analysis [bitcoin/USD market observations] - page 7.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: MatTheCat on November 22, 2015, 08:10:41 PM

Quote from: adamstgBit on November 22, 2015, 06:45:44 PM

Quote from: MatTheCat on November 22, 2015, 06:27:35 PM

Quote from: Morecoin Freeman on November 19, 2015, 09:32:26 PM

Support at ~$310:

(BITCOIN PRICE INDEX $314.75)

Got any TA to back these 'feelings' up?

Word on the street is that 'Monster Support' is down in $200s.

did you know the Support at 50$ is Retardedly insane Cheesy

310 will probably hold

Question is, is demand for $300 Bitcoin retardedlz insane?

Have the Market Makers loaded up their wagons with enough BTC to dump at much higher prices....or do they want more, much cheaper?

come on 1000$ purely on entertainment value of buying/selling bitcoin

there isn't much selling going on, there dosnt need to be shit tones of buying either.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: adamstgBit on November 22, 2015, 06:45:44 PM

Quote from: MatTheCat on November 22, 2015, 06:27:35 PM

Quote from: Morecoin Freeman on November 19, 2015, 09:32:26 PM

Support at ~$310:

(BITCOIN PRICE INDEX $314.75)

Got any TA to back these 'feelings' up?

Word on the street is that 'Monster Support' is down in $200s.

did you know the Support at 50$ is Retardedly insane Cheesy

310 will probably hold

Question is, is demand for $300 Bitcoin retardedlz insane?

Have the Market Makers loaded up their wagons with enough BTC to dump at much higher prices....or do they want more, much cheaper?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: MatTheCat on November 22, 2015, 06:27:35 PM

Quote from: Morecoin Freeman on November 19, 2015, 09:32:26 PM

Support at ~$310:

(BITCOIN PRICE INDEX $314.75)

Got any TA to back these 'feelings' up?

Word on the street is that 'Monster Support' is down in $200s.

did you know the Support at 50$ is Retardedly insane Cheesy

310 will probably hold

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: Morecoin Freeman on November 19, 2015, 09:32:26 PM

Support at ~$310:

(BITCOIN PRICE INDEX $314.75)

Got any TA to back these 'feelings' up?

Word on the street is that 'Monster Support' is down in $200s.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Support at ~$310:

(BITCOIN PRICE INDEX $314.75)

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

I am feeling optimistic about the bitcoin price here. The 2015 resistance of ~$315 could have become the new support.
I am back in bitcoin at this time. My strategy: Buy and hold because we will break $350 soon. Best of luck.

(BITCOIN PRICE INDEX $332.45)

jaredboice

hero member

Activity: 560

Merit: 500

would it be complicated for the forum moderators to auto delete any post that mentions "Ponzi" or "scheme" Huh

That would be ideal. It's just annoying more than anything. Banker shills have been trying to connect bitcoin to a ponzi scheme since the very beginning.

BitmoreCoin

sr. member

Activity: 406

Merit: 250

Quote from: mpow on November 09, 2015, 12:46:31 AM

For shorters it could be a bad play. I see decent sideways movement for awhile.

So do I. I think the price will around $320 for about a month. The bitcoin price has risen too fast in the last 30 days. It is beter to consolidate before rising again.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Quote from: Morecoin Freeman on November 10, 2015, 02:48:37 PM

There has been discussion recently that some Chinese investors are seeking out bitcoin as China's currency has struggled and the government has made it harder to move money out of the country.

Mr. Lee, CEO of Chinese Bitcoin Exchange BTCC, said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using bitcoin to move money into an international investment scheme: MMM Global.

Sergey Mavrodi, founder of the МММ series of pyramid schemes, confirmed to the Financial Times that his projects are actively using bitcoin. Allegedly new members of MMM Global have to buy bitcoins to join the scheme.

Here is the interview with Mavrodi:
"I'm no crook," declares MMM scamster, while claiming credit for the Bitcoin price spike.

(BITCOIN PRICE INDEX $352.96)

It explains a lot. Shame really.

The $500 price was exciting.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

There has been discussion recently that some Chinese investors are seeking out bitcoin as China's currency has struggled and the government has made it harder to move money out of the country.

Mr. Lee, CEO of Chinese Bitcoin Exchange BTCC, said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using bitcoin to move money into an international investment scheme: MMM Global.

Sergey Mavrodi, founder of the МММ series of pyramid schemes, confirmed to the Financial Times that his projects are actively using bitcoin. Allegedly new members of MMM Global have to buy bitcoins to join the scheme.

Here is the interview with Mavrodi:
"I'm no crook," declares MMM scamster, while claiming credit for the Bitcoin price spike.

(BITCOIN PRICE INDEX $352.96)

mpow

newbie

Activity: 11

Merit: 0

For shorters it could be a bad play. I see decent sideways movement for awhile.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

So the rally went all the way up to $500. Incredible stuff. The trading volume has been insane, especially on Huobi and OKCoin.

Rumors are the triple M ponzi company was involved. I am not sure what to believe.
Anyway this price increase was definitely fueled by a lot of short positions getting liquidated on margin.

Going forward, I would suggest selling your coins while you are ahead:

Best of luck to everyone. Happy trading.

(BITCOIN PRICE INDEX $370.48)

BitmoreCoin

sr. member

Activity: 406

Merit: 250

Quote from: Dilla on October 28, 2015, 11:49:47 AM

Not 100% that was the top, just a ~$10 dump, we're still fighting at $300. We've been shooting up in price for a good amount recently, it was expected to dump over $300 at some point. If $300 can hold for a day, this isn't over.

The price is over $309. The volume is also quite good. We might see $350 by the end of the year. The rise could be due to Gemini effect.

Dilla

hero member

Activity: 588

Merit: 500

Quote from: Morecoin Freeman on October 28, 2015, 11:26:21 AM

Quote from: Morecoin Freeman on September 17, 2015, 12:06:05 PM

So we are now past this max pain level. People who bought at $200 and below are the real winners again.

My strategy: Buy and hold as much as one can afford. Best of luck to everyone that survived.

(BITCOIN PRICE INDEX $234.55)

And now is arguably a good time to sell.
The top is in at $308. This was a great trade.

(BITCOIN PRICE INDEX $300.79)

Not 100% that was the top, just a ~$10 dump, we're still fighting at $300. We've been shooting up in price for a good amount recently, it was expected to dump over $300 at some point. If $300 can hold for a day, this isn't over.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: Morecoin Freeman on September 17, 2015, 12:06:05 PM

So we are now past this max pain level. People who bought at $200 and below are the real winners again.

My strategy: Buy and hold as much as one can afford. Best of luck to everyone that survived.

(BITCOIN PRICE INDEX $234.55)

And now is arguably a good time to sell.
The top is in at $308. This was a great trade.

(BITCOIN PRICE INDEX $300.79)

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: Morecoin Freeman on September 17, 2015, 12:35:04 PM

$220 And $300 have been important levels throughout 2015:

My analysis was pretty good:

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: BitmoreCoin on September 20, 2015, 02:52:49 AM

bottom is around $200. do not know if the price will break $300 in the near future.

this year is as good as wasted. i guess we'll stay bouncing between very low $200's and the higher $270's for the whole remaining year. can't see it going much higher or lower than i stated.

BitmoreCoin

sr. member

Activity: 406

Merit: 250

bottom is around $200. do not know if the price will break $300 in the near future.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

$220 And $300 have been important levels throughout 2015:

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

So we are now past this max pain level. People who bought at $200 and below are the real winners again.
Much like in January, we likely have already seen the new bottom.

My strategy: Buy and hold as much as one can afford. Best of luck to everyone that survived.

(BITCOIN PRICE INDEX $234.55)

Topic: Morecoin analysis [bitcoin/USD market observations] - page 7. (Read 47531 times)