Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23214.

billyjoeallen

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Quote from: BlindMayorBitcorn on January 26, 2015, 09:50:16 PM

Quote from: billyjoeallen on January 26, 2015, 09:47:11 PM

No, it's crash/bounce, dip, short squeeze and second bounce. We are currently at the dip phase.

So basically we're probably looking at a double bottom. I can live with that

Not a true double bottom because there will be less volume than the long squeeze to $166. There's not enough coins on the exchange to make it higher volume than that. When the margin longs got liquidated, all those coins went to the Four Punch Raiders and they will not get squeezed because they are not operating with leverage. They have enough fiat and coins to bleed us without taking the risk. That's why after the short squeeze there will be a bounce and then another crash.

I'm getting out after the short squeeze. I'm gonna use the money to generate a second source of income so I can just keep buying a little at a time until this nightmare is over. Prolly after the Chinese give us back every single last coin or some third world shit currency becomes even less attractive than BTC and we get another Cypress type event.

BlindMayorBitcorn

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Quote from: billyjoeallen on January 26, 2015, 09:47:11 PM

Quote from: BlindMayorBitcorn on January 26, 2015, 09:37:57 PM

Quote from: billyjoeallen on January 26, 2015, 09:34:45 PM

Quote from: dreamspark on January 26, 2015, 09:30:41 PM

Quote from: damiano on January 26, 2015, 09:20:59 PM

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Quote from: billyjoeallen on January 26, 2015, 09:23:52 PM

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time.

So the pattern should be sideways sideways long squeeze short squeeze?

(One fish two fish red fish blue fish?)

No, it's crash/bounce, dip, short squeeze and second bounce. We are currently at the dip phase.

So basically we're probably looking at a double bottom. I can live with that

DaRude

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In order to dump coins one must have coins

The BTC700 ask wall flasher is starting to get annoying Angry

billyjoeallen

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Hide your women

Quote from: BlindMayorBitcorn on January 26, 2015, 09:37:57 PM

Quote from: billyjoeallen on January 26, 2015, 09:34:45 PM

Quote from: dreamspark on January 26, 2015, 09:30:41 PM

Quote from: damiano on January 26, 2015, 09:20:59 PM

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Quote from: billyjoeallen on January 26, 2015, 09:23:52 PM

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time.

So the pattern should be sideways sideways long squeeze short squeeze?

(One fish two fish red fish blue fish?)

No, it's crash/bounce, dip, short squeeze and second bounce. We are currently at the dip phase.

BlindMayorBitcorn

legendary

Activity: 1260

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Quote from: galdur on January 26, 2015, 09:43:19 PM

Looking good

Man! Honeybadger don't even read the newspaper. And if it did it would be Chinese Grin

galdur

hero member

Activity: 616

Merit: 500

Looking good

marcus_of_augustus

legendary

Activity: 3920

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Eadem mutata resurgo

Quote

Another thing about the latest research on the 1 percent from Rank and Hirschl: While one in eight Americans might visit the 1 percent for a year, only one in a hundred stay there for a decade or more.

http://www.marketplace.org/topics/wealth-poverty/making-it-1-percent-more-common-you-think

BlindMayorBitcorn

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Quote from: billyjoeallen on January 26, 2015, 09:34:45 PM

Quote from: dreamspark on January 26, 2015, 09:30:41 PM

Quote from: damiano on January 26, 2015, 09:20:59 PM

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Quote from: billyjoeallen on January 26, 2015, 09:23:52 PM

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time.

So the pattern should be sideways sideways long squeeze short squeeze?

(One fish two fish red fish blue fish?)

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: dreamspark on January 26, 2015, 09:30:41 PM

Quote from: damiano on January 26, 2015, 09:20:59 PM

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Quote from: billyjoeallen on January 26, 2015, 09:23:52 PM

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time. This CB pump put a little kink in the works, but the undercapitalized will have to sell and the get rich quick crowd will have to get bored and drop out first. With my cold storage stash, pile of fiat and incoming profits, I can wait.

dreamspark

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Quote from: damiano on January 26, 2015, 09:20:59 PM

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Quote from: billyjoeallen on January 26, 2015, 09:23:52 PM

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

billyjoeallen

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Hide your women

Quote from: Venusianism on January 26, 2015, 09:01:57 PM

Quote from: BlindMayorBitcorn on January 26, 2015, 08:05:23 PM

Quote from: BayAreaCoins on January 26, 2015, 08:02:37 PM

Quote from: dreamspark on January 26, 2015, 07:55:48 PM

A fair few longs being liquidated on 796 futures. Another sleepless night coming up I think.

When there is blood in the streets!

Blood is like 200. I was there

False. There's less than 1.5M bitcoin users on the entire planet. Blood is $115.

1.5 M with what, an average of less than 10 coins each? if we all wanted an average of 11, there wouldn't be enough to go around, even if the price hit $10,000.

This too shall pass, Gentlemen. Be greedy when others are fearful.

TankHankerous

jr. member

Activity: 55

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Call me a stubborn bull but I'm out until coins are Low Low Low

Like the apple bottom jeans and the boots with the fur

billyjoeallen

legendary

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Merit: 1007

Hide your women

Quote from: damiano on January 26, 2015, 09:20:59 PM

How many of you are currently short?

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

There is no evidence of superstitious trading. Trade only bitcoins you can't afford to buy back at 350.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

How many of you are currently short?

billyjoeallen

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Quote from: marcus_of_augustus on January 26, 2015, 08:54:00 PM

coinbase showed us the moon ...

ROTFL!! Got that right. They have egg on their faces. Serves them right for pumping when they have no business telling people which way to trade.

gkv9

legendary

Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

Quote from: ?? on ??

More good news... Sell all! Cheesy

https://twitter.com/BitcoinTrust/status/559845831428554752

Oh no please!!! Please don't mess up with the Bulls... Tongue

We don't want to see it down under $200 again...

NotLambchop

sr. member

Activity: 378

Merit: 254

May I direct your attention to Psalm 22, gentlemen, this little tidbit in particular:

Be not far from me; for trouble is near; for there is none to help.
Many bulls have compassed me: strong bulls of Bashan have beset me round.
They gaped upon me with their mouths, as a ravening and a roaring lion.
I am poured out like water, and all my bones are ...

For dogs have compassed me: the assembly of the wicked have inclosed me: they pierced my hands and my feet.

Yeah, see? He didn't have it easy either.
OTOH as He suffered, He certainly didn't feel like an idiot--He didn't blow all of his family's money because a website posted a rocket pic. Not like U Cheesy

You'll be fine, bulls! Feel better soon! <3

billyjoeallen

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Quote from: kurious on January 26, 2015, 08:13:02 PM

Quote from: billyjoeallen on January 26, 2015, 07:38:52 PM

Quote from: ?? on ??

It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?

For now I'm trading the Four Punch Pattern.

*** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder.

You should have hung on until China opened. You had a logical strategy and let emotion in!

Totally good call, then you closed... Huh

??!!!

C'mon BJA - remove emotion and stick with it. It's what you would've said...

Probably 250 dip at least? You called it!

At least I can go to sleep tonight.

Don't worry. I'm still something like 87% fiat. I don't think there will be a sharp "V" shaped bottom but a leveling off and then a short squeeze, so I think I'm looking good. I've got about five grand of profits coming in and if it stays low long enough for them to hit my bank account, I'll dump them right back in and increase my coin stash.

Best case scenario is a true double bottom (higher low on higher volume). I have no idea how low we'll go other than what I already said: possibly the $220s, but that's only if we get enough panic dumping to initiate a margin call cascade.

Blazin604

full member

Activity: 224

Merit: 100

Quote from: Venusianism on January 26, 2015, 09:01:57 PM

Quote from: BlindMayorBitcorn on January 26, 2015, 08:05:23 PM

Quote from: BayAreaCoins on January 26, 2015, 08:02:37 PM

Quote from: dreamspark on January 26, 2015, 07:55:48 PM

A fair few longs being liquidated on 796 futures. Another sleepless night coming up I think.

When there is blood in the streets!

Blood is like 200. I was there

False. There's less than 1.5M bitcoin users on the entire planet. Blood is $115.

This is bad why has the price dropped fuck coinbase

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23214. (Read 26709665 times)