Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 349. (Read 907212 times)

No cigars for some time now - see, they don't even cause addiction, like the shigarettes do..

The price, volume and general interest in Bitcoin seem to follow the pattern established with the previous bubble burst. If May-June 2013 is any guide, we would hold these levels still for some time and then drift lower. Then we would start to see dips, followed by recoveries, but always to lower levels. The final capitulation after which we permanently move on to new levels would happen in February-March. The bottom price is anybody's guess. Without news it will be higher than with news.

In other words, nothing has changed in my evaluation from 8.12.2013, except that I regard the main scenario as increasingly likely, the more time we spend in price apathy, low volume, and dwindling interest. For a person who would like to increase position moderately, things look good

Some oldtimers may remember the time when my supernode was active. It was dissolved in May 2013, but I did set the procedure on how to reactivate the supernode and start to do some serious rockin'-the-world. We are having the General Supernode Meeting in Tallinn, Estonia, starting tomorrow. After a few days we will be sufficiently enlightened to decide whether the current powers are sufficient, or whether activation is expedient. (It is also possible that there is a completely different solution.) The reactivation is tied to a matter of purchasing suitable premises, which practically means a castle.

On the other hand, I promised not to start with the Supernode Network before the price hits $1.4. It's ok, it will not be that many months away, and the castles always require repairs before active use... 

I'm good with that. If it goes up, I make money. If it goes down, I buy more cheap coins.

If $815 dosnt hold see yah at $780

I was using the 61.8 Fib retrace level

You called it TBF,

Do you see it dipping any lower or is this the resistance?

People get uncomfortable with the idea that we are hurtling through space on a tiny rock and we only have the illusion of control.  It is easier to make up stories about how some powerful entity is controlling things than to accept the fact that in the grand scheme of things every single human and every single organization created by said humans, is at the mercy of the universe.

No wait I called $816 ha

Sittin at $815

my 811 call almost there

On the ongoing gold manipulation by central banks.


http://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says

True, true.

I declare victory on 830.  Still holding to 918.

Naked shorting futures seems to do the job.  Draining the ETFs helps.

I think the error bars around the physical gold supply are much larger than commonly supposed.  People like certainty, and will seize upon a number with little regard for its provenance.

How do they manage to continue the manipulation if all the gold has gone to china? They cant even give Germany back their gold so the vaults must be pretty empty by now.

http://www.globalresearch.ca/monkey-business-surrounding-the-repatriation-of-germanys-gold-stored-at-the-ny-federal-reserve-bank/5364090

Hi granathus, I used to believe the same but have since changed my view on the whole manipulation debate. Sure, the price of gold is "manipulated" but so are all other commodities, currencies and stocks on the market. Manipulation is just another word for "trading for profit making". The price of gold is not determined by supply & demand but by the market and what drives markets is sentiment. Plus, if you think that gold has risen for over a decade, one shouldn't be surprised to see a large correction before the trend reverses back. I think we may see something similar with Bitcoin but in a shorter time-frame.

Oh, "you" can, if you are the central bank.

The only reason gold has been a bear market the last couple of years is because it has been and still is HEAVILY manipulated to prop up the dollar.

Hi all, after following the recent spike and subsequent crash of Bitcoin on the news I decided to look into cryptocoins and was brought here. Joined yesterday and am really liking this thread.

I am no trader and cannot provide any technical analysis but IMO, BTC will correct further in the coming months, by how much and when I am clueless. I tend to look at Bitcoin as a digital precious metal. Back in August 2011, gold peaked at $1900 before falling to $1500. At the time, many investors thought that the bottom was reached and that the price would rise above $2000 in a matter of months. Over two years have passed and gold is still in a bear market with prices under $1200 and it will very likely correct further before we see a reverse in the current trend. I personally wouldn't be surprised if BTC goes down to the $500-600 range, possibly even $400 but it may take some time. Just my 2 cents.

dude if you're the sensitive type then don't read his thread it's simple as that or find yourself some place else. Personally i don't see any issues in his character.. Now i don't speak for majority, others may have different opinions so what's important to me is people like him still find time to post valuable insights and sometimes it's just interesting to view things from his perspective... also whenever people bitch about how wealthy someone is it just sounds more like jealousy and envy...

That is fine ... only if you compare volume SOLD and BOUGHT then you can see how many bough back.