None of the TA here is mine FYI
Then, as a suggestion, you can put references to origin of each TA post, so people can see discuss / read discussion about them. 
Topic: Nights Watch by Afrikoin - page 179. (Read 303310 times)
At this point it certainly seems so.
China touching on a potential 100% corrective ratio and resistance line.
Blew right through it. What's next?
So does this mean that charting is a complete ass fuck waste of time?
China touching on a potential 100% corrective ratio and resistance line.
Blew right through it. What's next?
I like it how OP makes it look like he knows some TA and stuff and was quite pessimistic about the price for quite some time now, but has been forced to be surprised by these constant price surges which eventually made his TA turn bullish as well. Welcome aboard, OP!
Nonsense!
OP knows 'TA & stuff'
OP isn't fixated on a bear or bull. I'm smart enough to incorporate new information. Why this thread paints both bull and bear charts
None of the TA here is mine FYI
just a couple like
this one
I like it how OP makes it look like he knows some TA and stuff and was quite pessimistic about the price for quite some time now, but has been forced to be surprised by these constant price surges which eventually made his TA turn bullish as well. Welcome aboard, OP!
China touching on a potential 100% corrective ratio and resistance line.
Combine the Fibonacci extensions with koryu's chart above if we do have the gas to get to $500, good level to take some profits. I would think it uncommon for price to advance past 2.618 extension without a correction:
Isn't the 100% supposed to be at the top and the 0% at the bottom?
Like this:
Like this:
Escape log trend - log here is only relevant.
Quote from: Eivind Nag link=topic=274613.msg12878871#msg128788A71 date=1446623866
Bullish count:
But as always, for every bullish count there is an equally bearish one...
But as always, for every bullish count there is an equally bearish one...
What price is 5 ?
Could Bitcoin Become Major Reserve Currency?
The value of digital currency Bitcoin has soared 70% - and analysts think it could become one of the world's major reserve currencies within 15 years.
http://news.sky.com/story/1581030/could-bitcoin-become-major-reserve-currency
The value of digital currency Bitcoin has soared 70% - and analysts think it could become one of the world's major reserve currencies within 15 years.
http://news.sky.com/story/1581030/could-bitcoin-become-major-reserve-currency
Ok, I've done a lot of these bubbles. So for the n00bs and the people that have only done it once, let me give you some sober advice.
Get your Bitcoin out of exchanges during a bubble. If you're an active trader, you're probably an idiot and won't listen to this advice. But at least I can say I warned you.
Bitcoin price will go to the moon, and Bitcoin price will drop. The pain of drops gets worse and worse and worse. When we hit $30 after Schumer told the world you could buy drugs with Bitcoin, there were tons of people who bought, and were sad and lonely and depressed after it crashed back to just below $1. Think about how much worse that will be when people put their life savings in at $10,000 and the price crashes to $1,000. There is going to be a bad multiplicative effect here if the bubbles get bigger and bigger.
You don't know anything, you don't know how high it will go, you don't know how far it will crash. Don't play the game. Just ride. If you belieb this experiment will work, then just hold. You will be sad you didn't sell at the top, but you will be glad you ended up better than you were when it was low.
Don't invest more than you can lose.
Stop trying to explain why the price is going up. There is almost no reason that it should be mooning right now, which should tell you that this is very likely just irrational exuberance. Many of you will be given to it. You will dump your money in, exacerbate the bubble, and we will see a rash of news reports, more and more people will pour in, and more and more money will be on chain. It will be good for Bitcoin, as it will bring with it a large number of new beliebers. But it won't be easy when we hit another long lull where Bitcoin sits for a long period of time at some small number.
Don't tell your family to get in.
Don't tell your friends to get in.
Avoid pumping generally. Answer questions about Bitcoin, but give everyone the caveat: "I never recommend anyone buy unless they first understand the technology and beliebe that it will work." Or something like that.
With a new rash of people there will be new scams. If you have not yet been scammed, you will be, and if bitcoins are worth a lot, it will hurt now worse more than it ever has. You will hear people say, "I wish I bought when it was $200." The appropriate response is: "Bitcoin never goes up, only down."
Remember, in the aftermath of every price increase, is a deep regret from everyone who did not buy before the price increase. Do not live with regrets, just keep marching forward. We are here because Bitcoin as a technology works. If you don't belieb that the Bitcoin will only work if you get rich, you should probably get out. Because this is a very slow, long play.
Everyone who comes to Bitcoin now will come with an arrogance you will not realize you had when you came. You probably don't realize how much you have learned since you got here. Be kind, but be a dick. Now that you have seen it, you need to save the n00bs from giving their money away. Be highly critical of their wrongheaded ideas. Also, remember to point to history when they start to tell you all the ways in which they want to repeat it: "I don't think Bitcoin will work because... 10 minute transaction times... no one accepts it... it's too hard to use... it's not scalable... it's not anonymous enough... you can buy drugs with it... only criminals use it... Bitcoin companies are all scams... it has no intrinsic value... and on and on and on." For them we have a meme: http://imgur.com/t2sfuot
When all is said and done, many of you will have a lot more money than you have ever had before. Spend a little, have some fun. Hold the rest and save it for a rainy day, because Bitcoin could go to $0. You never know.
Get your money out of exchanges.
Get your Bitcoin out of exchanges during a bubble. If you're an active trader, you're probably an idiot and won't listen to this advice. But at least I can say I warned you.
Bitcoin price will go to the moon, and Bitcoin price will drop. The pain of drops gets worse and worse and worse. When we hit $30 after Schumer told the world you could buy drugs with Bitcoin, there were tons of people who bought, and were sad and lonely and depressed after it crashed back to just below $1. Think about how much worse that will be when people put their life savings in at $10,000 and the price crashes to $1,000. There is going to be a bad multiplicative effect here if the bubbles get bigger and bigger.
You don't know anything, you don't know how high it will go, you don't know how far it will crash. Don't play the game. Just ride. If you belieb this experiment will work, then just hold. You will be sad you didn't sell at the top, but you will be glad you ended up better than you were when it was low.
Don't invest more than you can lose.
Stop trying to explain why the price is going up. There is almost no reason that it should be mooning right now, which should tell you that this is very likely just irrational exuberance. Many of you will be given to it. You will dump your money in, exacerbate the bubble, and we will see a rash of news reports, more and more people will pour in, and more and more money will be on chain. It will be good for Bitcoin, as it will bring with it a large number of new beliebers. But it won't be easy when we hit another long lull where Bitcoin sits for a long period of time at some small number.
Don't tell your family to get in.
Don't tell your friends to get in.
Avoid pumping generally. Answer questions about Bitcoin, but give everyone the caveat: "I never recommend anyone buy unless they first understand the technology and beliebe that it will work." Or something like that.
With a new rash of people there will be new scams. If you have not yet been scammed, you will be, and if bitcoins are worth a lot, it will hurt now worse more than it ever has. You will hear people say, "I wish I bought when it was $200." The appropriate response is: "Bitcoin never goes up, only down."
Remember, in the aftermath of every price increase, is a deep regret from everyone who did not buy before the price increase. Do not live with regrets, just keep marching forward. We are here because Bitcoin as a technology works. If you don't belieb that the Bitcoin will only work if you get rich, you should probably get out. Because this is a very slow, long play.
Everyone who comes to Bitcoin now will come with an arrogance you will not realize you had when you came. You probably don't realize how much you have learned since you got here. Be kind, but be a dick. Now that you have seen it, you need to save the n00bs from giving their money away. Be highly critical of their wrongheaded ideas. Also, remember to point to history when they start to tell you all the ways in which they want to repeat it: "I don't think Bitcoin will work because... 10 minute transaction times... no one accepts it... it's too hard to use... it's not scalable... it's not anonymous enough... you can buy drugs with it... only criminals use it... Bitcoin companies are all scams... it has no intrinsic value... and on and on and on." For them we have a meme: http://imgur.com/t2sfuot
When all is said and done, many of you will have a lot more money than you have ever had before. Spend a little, have some fun. Hold the rest and save it for a rainy day, because Bitcoin could go to $0. You never know.
Get your money out of exchanges.
Pinkyfloyd 111
Yeah, people are already saying publishing "too da moon charts." Meanwhile gold is crashing, I believe BTC will also start to turn around, but it's usually delayed for a few weeks compared to gold[/b].
Yeah, people are already saying publishing "too da moon charts." Meanwhile gold is crashing, I believe BTC will also start to turn around, but it's usually delayed for a few weeks compared to gold[/b].
Until it's not
Pinkyfloyd 111
Yeah, people are already saying publishing "too da moon charts." Meanwhile gold is crashing, I believe BTC will also start to turn around, but it's usually delayed for a few weeks compared to gold.
Yeah, people are already saying publishing "too da moon charts." Meanwhile gold is crashing, I believe BTC will also start to turn around, but it's usually delayed for a few weeks compared to gold.
DanV
I am not suggesting short. Merely to look out for possible sign of rally stalling. Whilst at the same to show that this is a retracement rally and wave c of that could indeed look like unstoppable and lead to conclude that this new cycle. It can be compared to an echo wave of the main bubble of 2013. Sentiments will be similar and price action might even appear the same.
If this is a wave c of Retracement rally then the reversal will be total. For now remaining long is the right thing whilst staying on guard. "
I am not suggesting short. Merely to look out for possible sign of rally stalling. Whilst at the same to show that this is a retracement rally and wave c of that could indeed look like unstoppable and lead to conclude that this new cycle. It can be compared to an echo wave of the main bubble of 2013. Sentiments will be similar and price action might even appear the same.
If this is a wave c of Retracement rally then the reversal will be total. For now remaining long is the right thing whilst staying on guard. "
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