Topic: This Could be the Move You&#039;re Looking For (Read 238 times)

Quote from: John999 on May 06, 2018, 07:01:12 AM

What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

So you don't know Warren Buffet famous quote then?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

I think that quote was said by one of the Rostchilds, not Buffet. Not sure but you go look it up and report back, thanks.

And no, it's not my style. I don't have an unlimited bankroll like they do. I assume you do?

Haven't you heard of the saying 'Never catch a falling knife'?

No it was buffet. Rotschild said: "the time to buy is when there's blood in the streets."

But anyway to each their own.

tokeweed

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Quote from: tokeweed on May 06, 2018, 06:38:46 AM

What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

So you don't know Warren Buffet famous quote then?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

I think that quote was said by one of the Rostchilds, not Buffet. Not sure but you go look it up and report back, thanks.

And no, it's not my style. I don't have an unlimited bankroll like they do. I assume you do?

Haven't you heard of the saying 'Never catch a falling knife'?

No it was buffet. Rotschild said: "the time to buy is when there's blood in the streets."

But anyway to each their own.

Momentum traders actually have you to thank for catching the fall. It slows it down and prevents hitting the mometum trader's stop losses. Wink

Again with the sayings. Rofl. They're only good if you're as rich as them and those titans are basically the market.

Qahay

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What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

So you don't know Warren Buffet famous quote then?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

It's more on taking advantage of the situation. It's up to us if we're going to end up on the wrong side of that quote. If you've been in crypto for a long time, then you should be living that buffet saying by heart. Do the opposite of what most people do lol

tokeweed

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What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

So you don't know Warren Buffet famous quote then?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

I think that quote was said by one of the Rostchilds, not Buffet. Not sure but you go look it up and report back, thanks.

And no, it's not my style. I don't have an unlimited bankroll like they do. I assume you do?

Haven't you heard of the saying 'Never catch a falling knife'?

hase0278

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Quote from: tokeweed on May 06, 2018, 05:38:28 AM

So you don't know Warren Buffet famous quote then?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

The quote doesn't apply all the time but in this case, I also believe a correction is soon to happen. This is not the move I am looking for, I am waiting for btc price to reach 12,000 $ at least for me to believe that we are in a bullish trend.

Rofl. I for sure wouldn't. I like trading the momentum at either direction long or short, then set stop losses to lose small and ride the trend for as long as I can with a trailing stop loss... Just watch. BTC is back babyyyy!

Let's see. Either way I don't care because a correction and a pump both sounds good to me(since I can sell when it pumps and buy when it corrects). Even if I don't believe your side, it would be nice to at least see a crazy bullish trend once in a while(If your speculation really does happen).

1Referee

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What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

That's the nature of this market. It basically comes down to people greatly looking forward to buy at lower levels, but once they actually bought whatever number of coins, and thus they are in the market with their capital, things aren't all that funny anymore as when it was without being invested. In other words, people do invest in Bitcoin, but aren't totally comfortable with it.

That's why I find it quite frustrating when people talk about trading being a fun thing and whatnot. People talking like that likely don't trade and thus don't expose themselves to the short term risks of this brutal market. There is no such a thing as fun when you are risking your capital, which is something they don't seem to understand yet, were more often than not these people aren't positioned in the market with capital, but only through bounty obtained funds.

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Well, base on technical analysis i will say it is an upward sign that the market value of Bitcoin will soon reach moon and all other altcoins will follow suite since Bitcoin is the market mover in the crypto currency market.

tokeweed

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To be honest, we're probably going to see a huge correction soon.

It's funny as someone else said, that people were reluctant to buy when prices were lower at $6000-8000 and yet, right now, they are extremely bullish regarding bitcoin's price movements in the short term. Doesn't really make much sense to me.

$10k resistance is still strong, and we experienced a pretty big pullback once again after the $10k level wasn't hit. And again, even if BTC does break $10k, I can't really see this being the move we should be looking for. It's more likely than not that $12k is going to present even more issues as a resistance. Plus, buying now at such high prices when I believe a correction is incoming soon is a pretty bad move, at least in the short run.

Yes doesn't make sense at all. Pseudo analysts/traders were telling people to sell just at the bottom in the 6000s because bitcoin was going to 3000, and now the same people are saying buy bitcoin at almost $10000 even if it could be a top or close to one. Absolutely ridiculous. Makes you wonder if there's an agenda behind that.

Now who would tell you to sell at the lows (if somebody did, he prolly has other plans)? Rofl. I for sure wouldn't. I like trading the momentum at either direction long or short, then set stop losses to lose small and ride the trend for as long as I can with a trailing stop loss... Just watch. BTC is back babyyyy!

Edit: Actually I would advice you to sell at 6000 USD when the momentum is going down if ever. By 'sell' I mean go short. Wink

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Quote from: figmentofmyass on May 05, 2018, 04:32:55 PM

To be honest, we're probably going to see a huge correction soon.

It's funny as someone else said, that people were reluctant to buy when prices were lower at $6000-8000 and yet, right now, they are extremely bullish regarding bitcoin's price movements in the short term. Doesn't really make much sense to me.

$10k resistance is still strong, and we experienced a pretty big pullback once again after the $10k level wasn't hit. And again, even if BTC does break $10k, I can't really see this being the move we should be looking for. It's more likely than not that $12k is going to present even more issues as a resistance. Plus, buying now at such high prices when I believe a correction is incoming soon is a pretty bad move, at least in the short run.

I don't know about huge but a correction is a given after the upswing BTC took as of late.

What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

pooya87

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ah, naturally we pulled back shortly after this post. dat $10k psychological price! Tongue

it doesn't look that strong anymore. this last "pull back" has been tiny compared to the last two times price tried rising. each time it went down to $8k level but this time it only went down 2% which is why i don't think there is going to be much resistance there anymore next time we try breaking it.

pitiflin

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It's funny as someone else said, that people were reluctant to buy when prices were lower at $6000-8000 and yet, right now, they are extremely bullish regarding bitcoin's price movements in the short term. Doesn't really make much sense to me.

They are people after all. The ones who are fucking up humanity.

Quote from: buwaytress on May 05, 2018, 11:38:40 AM

$10k resistance is still strong, and we experienced a pretty big pullback once again after the $10k level wasn't hit. And again, even if BTC does break $10k, I can't really see this being the move we should be looking for. It's more likely than not that $12k is going to present even more issues as a resistance. Plus, buying now at such high prices when I believe a correction is incoming soon is a pretty bad move, at least in the short run.

10k is actually too much,I am not saying I don't like it,but by seeing how people are reacting,they have forgotten the fact that last year this year,the price was 2k. And here they are fighting for 10k.

magneto

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To be honest, we're probably going to see a huge correction soon.

It's funny as someone else said, that people were reluctant to buy when prices were lower at $6000-8000 and yet, right now, they are extremely bullish regarding bitcoin's price movements in the short term. Doesn't really make much sense to me.

$10k resistance is still strong, and we experienced a pretty big pullback once again after the $10k level wasn't hit. And again, even if BTC does break $10k, I can't really see this being the move we should be looking for. It's more likely than not that $12k is going to present even more issues as a resistance. Plus, buying now at such high prices when I believe a correction is incoming soon is a pretty bad move, at least in the short run.

figmentofmyass

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ah, naturally we pulled back shortly after this post. dat $10k psychological price! Tongue

Yeah, I thought the double bottom call two (three?) weeks ago was a little premature too but dismissed it as just a regular noise that the bulls felt they had to make after giving much of the Q1 stage to the bears.

when we were coming off the double bottom in the upper $6000s / lower $7000s, that was the time to be bullish. now we have to contend with the 200 day MA, the 20 week MA, and the $10k psychological level.

nobody should be surprised at this pullback, but personally i think we consolidated for too long in the low $9000s to crash. lots of sellers should be supporting the price here. i might start getting nervous if we fall below yesterday's low ($9542 bfx).

buwaytress

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