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Topic: North or South $333.33 on Stamp 23:07GMT 29/10/14 (Read 3126 times)

full member
Activity: 238
Merit: 100
We just tested $333.33 on Stamp

Strong rebound or more sliding tonight?

I don't know about time period specific predictions, but the best predictive indicator is order book volume.  I've been using this as an indicator in both stocks and bitcoin with much success.

The bid support on a downward trend or the ask support on an upward trend both indicate support levels for price.  The formula of volume on the bid vs. ask based on MACD and RSI indicators will pretty much give you the exact price range and predict the movement.  It's a piece of cake really.

Mark my post, we will see $320 within the week.  If we happen to go back up, we'll see $345-$355 at most, $360 if we're lucky.  Give or take a few dollars, but $300 level is not far off, and as I've said before, we will test $275 within the next month or so.  

Buy when people panic, sell when they get comfortable hoping for the next moon visit.

Overall, the way the prices are moving lately seem highly suspect/manipulated, IMO.  Not manipulated in the sense that there's some conspiracy theory, but in the sense that there are major players getting involved, or early adopters cashing out, or pretending to.  While we do need to consolidate from last year's meteoric rise, the drops seem too calculated, almost like the washing out of weak hands.  


Thanks for that!

We'll see within a week then to test your orderbook-based prediction.

I buy everyday so would need to place limit order for that daily MACD/RSI range but need them to lock-in. Tend to just buy very close to market price each time, but if your method works for predicting 1-6Hr movement, then I would be prepared to wait and look closer at  your method
full member
Activity: 238
Merit: 100
We just tested $333.33 on Stamp

Strong rebound or more sliding tonight?
full member
Activity: 238
Merit: 100
Boo, thinking lower for a bit :/


Yeah, she keeps on sliding down : (   Hoping for a nice rally at some point!

Think I'm just gonna buy @ around $338.02/BTC for today, that's a decent profit for me, but agree looks like it could go a bit lower
hero member
Activity: 728
Merit: 500
Boo, thinking lower for a bit :/
full member
Activity: 238
Merit: 100
DANG - pretty close to Manbearwhale territory again.

For the folks picking up today - what are you setting your Limit Order @?

Was thinking to go around $338.02 what you think?
full member
Activity: 238
Merit: 100
Can't believe we're so close to $300. Maybe you guys are right and we'll test that range again
hero member
Activity: 502
Merit: 500
Oh no, its going lower. $340 now..
newbie
Activity: 56
Merit: 0
There u go! $342 on Stamp. Does it really matter  Shocked
full member
Activity: 238
Merit: 100
Back in the day, bitcoin fell from roughly $30 to $2 and everyone thought it was the end.  The drops we're having these days are nothing in comparison.  Hypothetically speaking, we could go down to $50 and still be ok... but miners would not be ok. 

The exit of miners and and declining bitcoin prices go hand in hand.  As the price declines, miners with heavily invested operations need to liquidate coins to pay for their expenses, which thereby leads to more price decline. 

The price is also strongly tied to news/opinion.  We just had BTC Trader and Moolah steal a bunch of bitcoins.  Any time an exchange goes bust or a big scam happens, the price tanks.  These are like 'mini-goxes' as I like to call them.  I think the ultimate test will be when the US government attempts to liquidate the 144k bitcoins they confiscated from Silk Road ownership.  Until that happens, there will always be that dark cloud looming overhead with the possibility that they could dump the coins.  We won't skyrocket until that scenario is eliminated.

Overall, I think we need some consistent positive news for a consistent rise in prices.  When we were going up before, we had consistent positive news.  These days, it's like any good news is quickly overshadowed by regulations, scams, thefts, etc. 

We have a long ways to go before we can go back to the 'rise and rise' similar to pre-Gox and pre-Silk Road closure. 



Thanks for that insightful post - yes a rally of positive but significant (governmental/macroeconomic) implementations/news is what bitcoiners need.

full member
Activity: 238
Merit: 100
Just dropped down again to $355 range - anyone else here expecting some sort of rebound $365-370?


Sub 300 coming by Sunday. Sub 250 by Wednesday, then brief dead cat bounce to 300ish prices.

You're thinking a real decline over next week then huh?

Front row seats for sure - will be interesting !!

I say were going back to $380 30Hrs max
sr. member
Activity: 476
Merit: 250
Just dropped down again to $355 range - anyone else here expecting some sort of rebound $365-370?


Sub 300 coming by Sunday. Sub 250 by Wednesday, then brief dead cat bounce to 300ish prices.
full member
Activity: 238
Merit: 100
Just dropped down again to $355 range - anyone else here expecting some sort of rebound $365-370?
full member
Activity: 238
Merit: 100
I think we'll mostly trade in the 250-350 range for a couple of weeks or so.

I haven't been around for a few weeks. Did your troll ego switch from "Bitcoin is d00med!!!" to "maybe things will just be ok."


I've never been a troll. I've been right as well as wrong about price development, but no one here knows exactly what will happen to BTC price in the near or far future. Personally, I think triple digit prices will hold for quite a while. But eventually they'll give in to the massive sell pressure, pushing us into the double digit abyss, where Bitcoin might belong in this post-Gox, post-delusion phase.

Fair enough, you ain't a troll, just reckon price is gonna head South $250 range

For the traders you would recommend waiting a couple weeks to hit that target - cool

I'd be really surprised if that happens, I think we'll be at $430 in 2 weeks
full member
Activity: 238
Merit: 100
When Bitcoin tanks, I think of this song

https://www.youtube.com/watch?v=IMyZs_7Edi4   Grin
sr. member
Activity: 476
Merit: 250
I think we'll mostly trade in the 250-350 range for a couple of weeks or so.

I haven't been around for a few weeks. Did your troll ego switch from "Bitcoin is d00med!!!" to "maybe things will just be ok."


I've never been a troll. I've been right as well as wrong about price development, but no one here knows exactly what will happen to BTC price in the near or far future. Personally, I think triple digit prices will hold for quite a while. But eventually they'll give in to the massive sell pressure, pushing us into the double digit abyss, where Bitcoin might belong in this post-Gox, post-delusion phase.
full member
Activity: 238
Merit: 100
DOW Up = Gold Down = BTC Down


What will happen when stocks which are peaking crashes..  Roll Eyes

Hint:




A crashing market will probably not influence Bitcoin much. Most investors in broad market funds like the DOW are risk averse, or at least have an investment strategy that allows for 1-5% max on risky investments. Their idea of risky includes precious metals. The majority aren't going to be panicking into Bitcoin, and those that do will likely allocate small percentages of their portfolio. An unstable financial system certainly has different implications for Bitcoin.

Anyway, back to topic, I think we'll see range bound trading for the next couple months before we continue on our logarithmic climb. So a bit of North and South for a while. I do think $275 was the bottom.


You're right, that's how commodity margin traders have been doing it decades.

Back on point - I agree with you, North/South for a while in the say $340 - 400 range - I too think $275 was the floor

Big climb coming, just wish I knew when ; )
full member
Activity: 238
Merit: 100
I think we'll mostly trade in the 250-350 range for a couple of weeks or so.

yh you thinking it'll keep dropping then, will be interesting to see for sure.

I'm not that confident we'll see that low, but maybe top end of your range - who knows??    Best of luck though mate hope your orders come in  Smiley
hero member
Activity: 715
Merit: 500
I think we'll mostly trade in the 250-350 range for a couple of weeks or so.

I haven't been around for a few weeks. Did your troll ego switch from "Bitcoin is d00med!!!" to "maybe things will just be ok."
hero member
Activity: 715
Merit: 500
DOW Up = Gold Down = BTC Down


What will happen when stocks which are peaking crashes..  Roll Eyes

Hint:




A crashing market will probably not influence Bitcoin much. Most investors in broad market funds like the DOW are risk averse, or at least have an investment strategy that allows for 1-5% max on risky investments. Their idea of risky includes precious metals. The majority aren't going to be panicking into Bitcoin, and those that do will likely allocate small percentages of their portfolio. An unstable financial system certainly has different implications for Bitcoin.

Anyway, back to topic, I think we'll see range bound trading for the next couple months before we continue on our logarithmic climb. So a bit of North and South for a while. I do think $275 was the bottom.
sr. member
Activity: 476
Merit: 250
I think we'll mostly trade in the 250-350 range for a couple of weeks or so.
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