Morecoin analysis [bitcoin/USD market observations] - page 8.

Wary

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Who's there?

Quote from: Morecoin Freeman on September 13, 2015, 07:44:56 PM

I keep asking myself how we will break 300 again, since I do not see anyone willing to risk buying near the top.
But at the same time this floor established at 220's on multiple occasions seems somewhat solid too.

So, more sideways then I guess...

I will try and make the best out of trading this 220-250 range for now.

(BITCOIN PRICE INDEX $231.30)

Somebody just posted exactly the same text at the Wall Observer thread Wink

But I agree with you. For breaking out we need something BIG to happen. Like halving or COIN approved or Andresen renouncing XT Grin

Morecoin Freeman

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Legendary trader

I keep asking myself how we will break 300 again, since I do not see anyone willing to risk buying near the top.
But at the same time this floor established at 220's on multiple occasions seems somewhat solid too.

So, more sideways then I guess...

I will try and make the best out of trading this 220-250 range for now.

(BITCOIN PRICE INDEX $231.30)

klee

legendary

Activity: 1498

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smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

there is a good chance that no meaningful rally will take place for some time.

We either go side ways for a while or we slowly go downwards.

Block size issue needs to be resolved and done with before price can even attempt to go towards a new ATH or even $500 etc.

I do not believe we have reached the level of max pain yet.

talks_cheep

legendary

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Quote from: Kazimir on August 25, 2015, 08:58:45 AM

I always wonder how people interpret this advice:

Quote from: Morecoin Freeman on April 14, 2015, 01:44:21 PM

- Buy low, sell high.

Ok, so now you buy some (regardless at which price levels) and you see the price dropping.

Following the advice to buy low, sell high would imply waiting until the price rises above your original buying level. This can be a *looong* wait (if ever) and might cause your losses to become substantial (up to 100%).

In theory, buy low sell high is great advice. In practice, not so much.

Well, then just buy HIGH and sell LOW, like most people on this forum do.

Kazimir

legendary

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I always wonder how people interpret this advice:

Quote from: Morecoin Freeman on April 14, 2015, 01:44:21 PM

- Buy low, sell high.

Ok, so now you buy some (regardless at which price levels) and you see the price dropping.

Following the advice to buy low, sell high would imply waiting until the price rises above your original buying level. This can be a *looong* wait (if ever) and might cause your losses to become substantial (up to 100%).

In theory, buy low sell high is great advice. In practice, not so much.

EternalWingsofGod

hero member

Activity: 700

Merit: 500

This is a triggered event due to the Chinese stock market tanking from all the leverage and margin calls
The fact its this strong of an effect in Bitcoin as well makes me wonder how strong the
BTC/CHN pair is not the BTC/USD pair
(Although to be fair all the big indexes were bleeding today)

klee

legendary

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Quote from: Morecoin Freeman on August 24, 2015, 08:43:41 AM

I increased my position again today...
Level of max pain is reached with a lot of FUD on the forums too, so $220 is a strong buy for me.

Some people are waiting for another flash crash at bitfinex.
These sort of events do not happen often. They will probably miss out on cheap coins.

The market is severely OVERSOLD at this time.

(BITCOIN PRICE INDEX $219.50)

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

I increased my position again today...
Level of max pain is reached with a lot of FUD on the forums too, so $220 is a strong buy for me.

Some people are waiting for another flash crash at bitfinex.
These sort of events do not happen often. They will probably miss out on cheap coins.

The market is severely OVERSOLD at this time.

(BITCOIN PRICE INDEX $219.50)

EternalWingsofGod

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Activity: 700

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Quote from: xIronCrossx on August 18, 2015, 11:38:22 PM

It looks like $200 was an outlier, most of the sells were around the $218ish mark.

I didn't check the exchange during the big drop though, so I could be wrong and there were more sells. But from the chart it looks like just a small blip.

That was a surprise today, was not expecting to see it back at the low range of $210 even if it was a brief touch
Sitting at around $230 dollars now is not a great sign for upward movement but a potential sign of even further downward momentum
(That said bleeding aside it could stabalize again)

xIronCrossx

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It looks like $200 was an outlier, most of the sells were around the $218ish mark.

I didn't check the exchange during the big drop though, so I could be wrong and there were more sells. But from the chart it looks like just a small blip.

relm9

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Quote from: xIronCrossx on August 18, 2015, 10:59:45 PM

Quote from: ask on August 18, 2015, 10:47:56 PM

Quote from: zeroday on August 18, 2015, 05:43:50 PM

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

Today's low was under 200.

Depending on the exchange, I think only Bitfinex was actually under $200. Coinbase low was around $217.

Seeing $200 as the low for Coinbase, unless you mean the regular site and not the exchange. BTC-E, which usually has a lower price than the rest, surprisingly didn't go past $220.

xIronCrossx

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Merit: 10

Quote from: ask on August 18, 2015, 10:47:56 PM

Quote from: zeroday on August 18, 2015, 05:43:50 PM

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

Today's low was under 200.

Depending on the exchange, I think only Bitfinex was actually under $200. Coinbase low was around $217.

ask

legendary

Activity: 1386

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Quote from: zeroday on August 18, 2015, 05:43:50 PM

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

Today's low was under 200.

zeroday

donator

Activity: 784

Merit: 1000

Today's low: 246.7

Over 20k was dumped but it recovered to 250 fast.

r3t4rD4life

jr. member

Activity: 76

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I really hope that you are right. Too scared to buy, too scared to sell, feeling like a frog slowly being boiled. Angry

Morecoin Freeman

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Legendary trader

Bottom is in at $250! The market is screaming oversold.
This went lower than I expected, which is not good. A bad month in trading for me.

Status: Holding onto my buys from $268, $261 and $256.
(BITCOIN PRICE INDEX $250.05)

nicked

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Whew! I'm glad to hear that I'm not the only one that bought at $268.00.

Morecoin Freeman

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Legendary trader

I have been increasing my position this weekend.
Fortunately this was a good weekend to invest fresh money.

The market is oversold on multiple time frames, which should indicate a price increase to happen soon.

Status: Bought some good amounts at $268 and at $261.
(BITCOIN PRICE INDEX $264.71)

futurebit640

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Activity: 910

Merit: 1000

Quote from: LFC_Bitcoin on August 03, 2015, 08:06:53 AM

400 USD bitcoins in 2015 are certainly realistic. I am a HODLER & very bullish but I still like to try & stay realistic, I'm not a deluded idiot expecting 10,000 USD coins in the short term.

I think we could even reach 500 USD coins before the New Year but 400 is a pretty good, realistic target. I'll be disappointed if we don't break 400 before January 2016 to be honest.

yes, I hope also. I'm really didn't like the bubble scenario and free fall. I'll be happy, if we will reach stabilized 400USD per BTC until end of this year.

Topic: Morecoin analysis [bitcoin/USD market observations] - page 8. (Read 47517 times)