Sadly, I kinda agree; this looks like a "dead cat" bounce.
Oh well, I bought at 175, and sold enough to cover cost +10% (as a hedge) at 215. I've just stored the remaining coins leftover from the transaction.
If price goes up from here, yay. If not, at least I got myself covered...
I honestly think after failing to hit a breakout in December, it's gonna be a bear market for a while longer.
Topic: return of the dead cat (Read 1653 times)
No content, no TA, no thinking or clue, not even a funny picture. Sad. I'm warned but I'm sad.
Thanks!
No content, no TA, no thinking or clue, not even a funny picture. Sad. I'm warned but I'm sad.
i wish we can see 122 dolar
i will buy a huge amount bitcoin if i can..
i will buy a huge amount bitcoin if i can..
Reporting on an isolated 6 month change is the same bullshit.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
Also selecting an arbitrary 2 year span gives a false impression. Taking another example:
The Bitcoin price on January 6th 2014 was $1012.
The Bitcoin price on January 6th 2015 was $273.
Last 1 year is -73%
Also giving a very clear trend. Most people on these forums have arrived at the height of the bubble, and that's the reality for them. I don't think it's a 'false impression' that Bitcoin is on a downswing if it has been on a downward spiral for a year now :p The down trend after the 2013 bubble lasted for 3 months (April - July 2013), so we've outrun that by 9 months now and there seems to be no end in sight...
I arrived at the height of the bubble and I was wrong each time I thought the bear market was over. How much longer could the down trend last if its not finally over?
Reporting on an isolated 6 month change is the same bullshit.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
Also selecting an arbitrary 2 year span gives a false impression. Taking another example:
The Bitcoin price on January 6th 2014 was $1012.
The Bitcoin price on January 6th 2015 was $273.
Last 1 year is -73%
Also giving a very clear trend. Most people on these forums have arrived at the height of the bubble, and that's the reality for them. I don't think it's a 'false impression' that Bitcoin is on a downswing if it has been on a downward spiral for a year now :p The down trend after the 2013 bubble lasted for 3 months (April - July 2013), so we've outrun that by 9 months now and there seems to be no end in sight...
forget about TA, it only gives you estimate and works sometimes because it allows you to gauge speculative behavior... we are going lower for very simple reasons:
- MtGOX fake pump that overvalued bitcoin many times over and has undermined trust in bitcoin
- Dot com bubble kind of situation where more investors have finally understood that they've overpaid for something that hasn't delivered to their expectations
- Novelty is wearing off, too many promises but less deliverables
- Bitcoin got abused by speculators turning it into more trading profit machine rather than nurturing its ecosystem
- Investors turning to technologically far better cryptocoins that don't need to feed greedy ASIC manufacturers and large mining operations
- Ample supply of coins and no real demand
- Regulations and more regulations
bitcoin arena is now a crowd of bagholders who are just waiting to offload their bags to the next joe... but it won't happen because speculators are even smarter than that crowd...
Why $122.00?
Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?
Well, I like to ridicule TA all the time but it has shown its validity several times here already. Maybe humans don't react like that at first sight, but trading bots for example do. In that case, a drop of 1 dollar below a crucial level can have dramatic consequences.
This still doesn't answer why would we go lower than previously. If you like reading charts take a look at stamp March -July 2014.
We had a big fall from 640 to a low of 335 followed by a bounce to 539 and another fall back to 417, but the price never went lower. It went up again, this time passing the bounce high up to 680. The same thing can happen now.
- MtGOX fake pump that overvalued bitcoin many times over and has undermined trust in bitcoin
- Dot com bubble kind of situation where more investors have finally understood that they've overpaid for something that hasn't delivered to their expectations
- Novelty is wearing off, too many promises but less deliverables
- Bitcoin got abused by speculators turning it into more trading profit machine rather than nurturing its ecosystem
- Investors turning to technologically far better cryptocoins that don't need to feed greedy ASIC manufacturers and large mining operations
- Ample supply of coins and no real demand
- Regulations and more regulations
bitcoin arena is now a crowd of bagholders who are just waiting to offload their bags to the next joe... but it won't happen because speculators are even smarter than that crowd...
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?
Well, I like to ridicule TA all the time but it has shown its validity several times here already. Maybe humans don't react like that at first sight, but trading bots for example do. In that case, a drop of 1 dollar below a crucial level can have dramatic consequences.
This still doesn't answer why would we go lower than previously. If you like reading charts take a look at stamp March -July 2014.
We had a big fall from 640 to a low of 335 followed by a bounce to 539 and another fall back to 417, but the price never went lower. It went up again, this time passing the bounce high up to 680. The same thing can happen now.
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?
Well, I like to ridicule TA all the time but it has shown its validity several times here already. Maybe humans don't react like that at first sight, but trading bots for example do. In that case, a drop of 1 dollar below a crucial level can have dramatic consequences.
This still doesn't answer why would we go lower than previously. If you like reading charts take a look at stamp March -July 2014.
We had a big fall from 640 to a low of 335 followed by a bounce to 539 and another fall back to 417, but the price never went lower. It went up again, this time passing the bounce high up to 680. The same thing can happen now.
Reporting on an isolated 6 month change is the same bullshit.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
Most people sold too early or only knew BTC around the end of 2013 or got scammed by GOX or others.
That's why they feel the world is falling and we are going nowhere but down
Reporting on an isolated 6 month change is the same bullshit.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
The Bitcoin price on January 1st 2013 was $13.
The Bitcoin price on January 1st 2015 was $315.
2 year is +2323%
Given the clear overall trend. It would give a false impression that Bitcoin was on the downswing.
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Actually, I'd go with $128 to be safe. You may miss the move at $122. I think we're likely to spike down to there, but can't guarantee that.
The final move down of the current bear market in the most successful Elliott Wave counts should be above $49 based on the length of wave iii. But it will more than likely be well above that, where we hit 1.618 times the magnitude of the 339.79 -> 683.26 move last year. That point of support is at about $127.52. After we hit that, we should at the very least retest the highs of November 2013 before hitting any newer lows.
THis post makes me want to market buy right now this is complete nonsense and this thread sucks.
Complete nonsense?
Is this the end of BTC ??
what If it is too cold for shorts?? Can I put on some corduroys?
who's the fat twitter guy people have been posting about?
Bitcoin Y U SO BAD
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Actually, I'd go with $128 to be safe. You may miss the move at $122. I think we're likely to spike down to there, but can't guarantee that.
The final move down of the current bear market in the most successful Elliott Wave counts should be above $49 based on the length of wave iii. But it will more than likely be well above that, where we hit 1.618 times the magnitude of the 339.79 -> 683.26 move last year. That point of support is at about $127.52. After we hit that, we should at the very least retest the highs of November 2013 before hitting any newer lows.
THis post makes me want to market buy right now this is complete nonsense and this thread sucks.
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Actually, I'd go with $128 to be safe. You may miss the move at $122. I think we're likely to spike down to there, but can't guarantee that.
The final move down of the current bear market in the most successful Elliott Wave counts should be above $49 based on the length of wave iii. But it will more than likely be well above that, where we hit 1.618 times the magnitude of the 339.79 -> 683.26 move last year. That point of support is at about $127.52. After we hit that, we should at the very least retest the highs of November 2013 before hitting any newer lows.
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?
Well, I like to ridicule TA all the time but it has shown its validity several times here already. Maybe humans don't react like that at first sight, but trading bots for example do. In that case, a drop of 1 dollar below a crucial level can have dramatic consequences.
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Because of the invisible lines and supports. There's a group of weird preachers here who think that if a price moves 1$ above or below a certain price hell will break loose and we'll have another panic. All these people who bought now will immediately sell below 200 making us go down to 120 or something... yeah, right
The question is: if I didn't sell for $150 and again when it went back above $200, why would I sell when it hits $150 again?
Better advice: Place your Bitstamp bids at USD$122.00.
Why $122.00?
Dump incoming!
Buy your last Bitcoin at 120$ - and buy them only to pump alts. In case 120$ is broken support GTFO! You actually should have been the fuck out 14 days ago...
Buy your last Bitcoin at 120$ - and buy them only to pump alts. In case 120$ is broken support GTFO! You actually should have been the fuck out 14 days ago...
Volume is slowly dropping, nobody is buying at $200, looks still too high.
The price has been over 200 for two days therefore people are buying at $200.
Your analysis is faulty.
All I'm seeing is weak demand even at these low prices. This is really bad,
Volume is slowly dropping, nobody is buying at $200, looks still too high.
Seems like many people still trying to hold on and not sell.
I don't think the money is there anymore to pump bitcoin and eventually the sell pressure is going to win here. I think many people are fed up with the permabulls and get richer quickers pushing the coin to get them rich.
We have to face that the price has dropped a lot off the highs, so it will be a slower fall down from here.
Volume is slowly dropping, nobody is buying at $200, looks still too high.
Seems like many people still trying to hold on and not sell.
I don't think the money is there anymore to pump bitcoin and eventually the sell pressure is going to win here. I think many people are fed up with the permabulls and get richer quickers pushing the coin to get them rich.
We have to face that the price has dropped a lot off the highs, so it will be a slower fall down from here.
If bitcoin is going nowhere but down and it lives only from dead cat bounces, why do you even bothered to put your personal address in your signature, probably hoping for donations?
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