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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21762. (Read 26609413 times)

legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Interesting article. I'm not sure that if it ever comes to fruition, but if it does... Well; a man can dream; right?

Quote
Over the next few months, Greece must repay its bailout and large public-sector debts. Greece and the euro zone need a quick, simple solution that allows Greece to stay in the euro zone and retain ownership of its plentiful and prized assets. An IOU currency isn't the answer — but there is one solution that could work.

http://www.cnbc.com/id/102663713
newbie
Activity: 27
Merit: 0
If you're not loading up on btc while its still below $300 you're gonna have a bad time.

That's what I mean: Retard-mode +1. Now on 70/100.

We must reach at least 90/100 before the correction is finished.
legendary
Activity: 910
Merit: 1000
If you're not loading up on btc while its still below $300 you're gonna have a bad time.
legendary
Activity: 1281
Merit: 1046
Besides a few long vertical green candles here and there, created by delusional china men so that people won't lose interest and start dumping all of a sudden, i'm seeing nothing of substance.

I think i'm about to short this bitch.

Meet me up at 2 digits...


legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
What are we expecting this weekend then?
Usually there's a dump over the weekend, people seem to sell Friday night - Monday morning.
I fancy us to go to 250-255 though, I could be wrong but I have a feeling the sentiment is beginning to change.
We could be at the end of the bear market.
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
I wouldn't be overly shocked to see it correct back into the $230's before the $250's again.

Hell of a good past few days!

OKcoin futures trading a few dollars over market  Shocked
sr. member
Activity: 344
Merit: 250
I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.



Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish?
If it stays above the OKCoin trend line, I'd say it will likely keep going up.



newbie
Activity: 27
Merit: 0
Come on guys don't kick a man whilst he's down Cheesy

Price is going up (meanwhile), so no need to complain  Wink
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Come on guys don't kick a man whilst he's down Cheesy
newbie
Activity: 27
Merit: 0
Desperate much?

Cause price is around 250 now?  Roll Eyes

Really, it's more funny here within a correction since permabulls go always full retard then.
newbie
Activity: 27
Merit: 0

This meme is epic since it came right before the heavy dump to ~150$.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
legendary
Activity: 1442
Merit: 1018
I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.



Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish?
Hm, wouldn't all sudden, sharp, upward spikes look like that? Not sure..

Also, BFX shorts approaching 23k. Cant say they didnt deserve to be burned... Thats from a peak of 31k just a bit over a day ago.

However there's tons of cheap shorts available again (10k) and building. That will probably be taken upon the first sign of a dump..

He drew random lines to a pennant shape. On a 15m chart.

Anyway, cheap shorts are looking good

I wouldn't say random. Looks pretty appropriate for a flag setup. Yes, it happens to be on a 15 minute chart but T/A can work on numerous different time frames with markets being fractal in nature. Having said that, I am still in the camp of the bear trend is still on below $295-$310 (depending on exchange) and as such, the trend is your friend.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.



Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish?
Hm, wouldn't all sudden, sharp, upward spikes look like that? Not sure..

Also, BFX shorts approaching 23k. Cant say they didnt deserve to be burned... Thats from a peak of 31k just a bit over a day ago.

However there's tons of cheap shorts available again (10k) and building. That will probably be taken upon the first sign of a dump..

He drew random lines to a pennant shape. On a 15m chart.

Anyway, cheap shorts are looking good
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

I guess. It's just that every time I see this flock of seagulls turn on a dime I start thinking of Thomas Kuhns "paradigm shifts" and the structure of science. These guys seems to be stuck in a paradigm that's in a heap of trouble. However it's not exactly natural science, so Kuhn doesn't apply.

You are not wrong.
sr. member
Activity: 344
Merit: 250
Here are a bunch of recent NotLambChops:
stoick
rmbku
UnholyTrinity
ricmi
Bummeryc
fakecovers
Gnppnx
niiisj
Oh yeah, lowerlowlow goes to the list too. It was the original guy with the spammed image. I thought it was kind of sane the first time, so I gave it the benefit of the doubt.
legendary
Activity: 896
Merit: 1000
I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.



Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish?
Hm, wouldn't all sudden, sharp, upward spikes look like that? Not sure..

Also, BFX shorts approaching 23k. Cant say they didnt deserve to be burned... Thats from a peak of 31k just a bit over a day ago.

However there's tons of cheap shorts available again (10k) and building. That will probably be taken upon the first sign of a dump..
legendary
Activity: 1106
Merit: 1007
Hide your women
Sure looks like a bull pennant on the 30 min chart.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
Activity: 27
Merit: 0
.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

Our pro-trader,basscleff. Mumbles about trading all days, and is nearly always wrong. Why don't you join the Trading game, where you can show your godlike skills to all the EW-noobs!?  Roll Eyes

He contributes. Imagine if you could use that massive brain of yours to do the same.

By contributing you mean that he toots his own horn 15 times day. As a troll it's no problem to contribute in the same manner, often I do - even in a so exaggerated way that people (with an iq above 50) can recognize some irony.

Did I say, as a troll? Is Basscleff a troll? Maybe...

We should ask Hooorhhhee - since he has the analytic view (kinda sixt sense)
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