Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26396. (Read 26634101 times)
August 13, 2014, 05:59:39 PM
August 13, 2014, 05:54:07 PM
Your username seems properly chosen. You are very wrong though 
I'm never wrong! You'll see...
Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down
My so sophisticated and very accurate TA skills, are going far beyond falling triangles and my prophesys are always true. In few weeks you'll bow down and ask:
Quote from: wachtwoord
How did you know this, Dumpe3r?! Could you teach me your TA?
When given the opportunity I'd advice you not to bet on that
Ha! Come on! Say it!
Quote from: wachtwoord
Oh Dumpe3r?! How do you do such accurate TA? Is it witchcraft?!
August 13, 2014, 05:52:42 PM
Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
YOU must be losing lots of money in recent times, the way you are trading...?
I opened shorts@ 555$ closed them @ around 525-535$. Made up for my loss for not selling @ 580$. I´m okay with that for now. Bought back my Bitcoin @535, but have not went leveraged long. I´m going to sell and probably short(dependent to the circumstances if we should go up there) around 560-580$ again. That´s my plan for the next days. And you?
he Hodl, I don't know why hodlers bother reading this subforum when it is mostly for traders, they get pissed and they start crying and attacking others and make a whole scene of drama, I change my sentiment about my trades many times a week, hell sometimes I change them even few times a day, therefore, I would suggest hodlers to go to reddit.com/r/bitcoin it is a better place for their mental health.
YES... IF we have Mmitech describing the reasons and purposes of the subforum, then we are totally screwed.
At this point it seems that mmitech is trying re-define himself as being a BTC trader - when in reality he seems to be mostly inconsistent and largely unable to explain himself or his reasons or his predictions.
But hopefully, if nothing else, he is working on his communication skills.
August 13, 2014, 05:50:09 PM
So I've been away since yesterday... Was there a triggering event to this drop, or no? Some news or rumor maybe?
Purely market sentiment. Everyone was talking about 550, 530, and 480, not about going higher. All forums I read are very bearish. You are mocked and downvoted on /r/bitcoinmarkets for saying anything positive. Suddenly, bitcoin is an idiotic idea that will never catch on.
Or maybe everyone was just bored with sideways.
Or maybe we did what we've been doing for the past 6 months: Overshooting the target (usually to the downside), reverting to the mean with some force, then going even higher than that based on momentum and then... wait to find out if buying support matches the level we reached. In May (mid 400s) the answer was a clear 'yes'. In July/August (600s, high 500s) the answer is not so clear imo.
August 13, 2014, 05:42:27 PM
Seriously, anybody seeing that we are only about 600 coins from a new bottom on Huobi and OKCoin? You seriously don't expect that to hold... hell if I was a whale I'd dump just for entertainment (I mean, not like they don't have enough money as is) at the sight of that even if it meant I lost money. Jesus.
Similarly its a little cough and we are basically back where we were yesterday
True... I think the momentum is against us still... but the ride up will be a nice one.
August 13, 2014, 05:41:49 PM
Dude, somebody in one of the other posts said that there was a 25% chance that BTC would be valued at over $4000 by the end of the year (only a few months away). Drugs. Don't do drugs, kids. Jesus.
And you would have gotten the same response if you made the same claim about $1000 on this date last year.
Different market, man. $4000 might be possible one day... not by the end of the year in a post-Gox environment where we are still working out the regulatory terrain. This is where technical analysis is dangerous and gets a bad name... math would tell you that $4,000 by the end of the year is possible, but if you look up from the calculator and think about the real world you know that it isn't going to happen (and certainly not a 25% in the next few months). Fundamentals and technical analysis should be used together to avoid this... the fundamentals are actually pretty positive despite the need to work out retailer dumps (give the coins to your employees people), but not nearly $4000+ positive.
It's just not going to happen. It's not even close to possible. It isn't like even a lottery chance where it is a super long-shot maybe. It's just not happening. Not in the next few months. Period.
August 13, 2014, 05:38:52 PM
Seriously, anybody seeing that we are only about 600 coins from a new bottom on Huobi and OKCoin? You seriously don't expect that to hold... hell if I was a whale I'd dump just for entertainment (I mean, not like they don't have enough money as is) at the sight of that even if it meant I lost money. Jesus.
Similarly its a little cough and we are basically back where we were yesterday
August 13, 2014, 05:36:53 PM
Dude, somebody in one of the other posts said that there was a 25% chance that BTC would be valued at over $4000 by the end of the year (only a few months away). Drugs. Don't do drugs, kids. Jesus.
And you would have gotten the same response if you made the same claim about $1000 on this date last year.
August 13, 2014, 05:36:44 PM
All the people worth reading like TERA were driven away by the HODL-tards for giving contrarian views. After all the juvenile attacks against them, why would they come back? All you delusional bulls have each other now.
There have been countless others that have come through here only to be driven off. It doesn't matter if they're bulls or bears, there's absolutely no control here, and after the removal of noobie jail it's just gotten worse. Couple that with a mod who's asleep at the wheel, or a general bull-troll himself and what do you expect?
These forums have absolutely gone to shit since the beginning of 2013.
I'm also sad that TERA is gone.
). August 13, 2014, 05:35:13 PM
Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
YOU must be losing lots of money in recent times, the way you are trading...?
I opened shorts@ 555$ closed them @ around 525-535$. Made up for my loss for not selling @ 580$. I´m okay with that for now. Bought back my Bitcoin @535, but have not went leveraged long. I´m going to sell and probably short(dependent to the circumstances if we should go up there) around 560-580$ again. That´s my plan for the next days. And you?
I generally buy when prices are going down and otherwise HODL... unless I have a large amount of confidence that the price is going to go down at least 10%...
I never really get those premonitions of confidence about a price drop... especially at this point below $700-ish,,,,,, that's why I mostly buy and HODL and rarely attempt to get burned by trading.
I know.. boring... .. .I am of the belief that I accumulating...
August 13, 2014, 05:33:23 PM
Seriously, anybody seeing that we are only about 600 coins from a new bottom on Huobi and OKCoin? You seriously don't expect that to hold... hell if I was a whale I'd dump just for entertainment (I mean, not like they don't have enough money as is) at the sight of that even if it meant I lost money. Jesus.
August 13, 2014, 05:31:08 PM
Dude, somebody in one of the other posts said that there was a 25% chance that BTC would be valued at over $4000 by the end of the year (only a few months away). Drugs. Don't do drugs, kids. Jesus.
P.S. -- I think we are a tad oversold (in relation to a hypothetical strike price in the sky), but there is going to be a lot more blood in the near-term... too much leverage to unwind still. Also, the Huobi order book looks like an unmitigated hell hole to the bottom.
P.S. -- I think we are a tad oversold (in relation to a hypothetical strike price in the sky), but there is going to be a lot more blood in the near-term... too much leverage to unwind still. Also, the Huobi order book looks like an unmitigated hell hole to the bottom.
August 13, 2014, 05:18:26 PM
...We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.
Can you imagine how these forums will look when we'll reach the "blood in the streets" phase?
It's a couple of months away, and then almost everyone posting will be ashamed to admit holding bitcoins.
watched that movie on tv yesterday twice in a row. comedy gold. been quoting it ever since haha. but i honestly can't wait for the blood. more chances to amass coins before the next reward halving the better i say. it can fall as much as it wants, i know better than to panic. its caught me before, won't catch me again.
August 13, 2014, 05:14:16 PM
I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.
Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.
Deep in bear territory? The bear market bottomed out in the 300's and has been climbing since. Zoom out.
The 300s was an exaggerated post-catastrophe price, Inca. We are in a bear market right now (obviously). The only question is for how long and severe.
August 13, 2014, 05:11:17 PM
I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.
Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.
Deep in bear territory? The bear market bottomed out in the 300's and has been climbing since. Zoom out.
August 13, 2014, 05:01:52 PM
I did not expected that we will move down below 540 level but we did and even touched 525.
Atleast we moved up to above 540 again but not expecting anything for next 2 days.
Atleast we moved up to above 540 again but not expecting anything for next 2 days.
August 13, 2014, 04:59:41 PM
August 13, 2014, 04:55:37 PM
Fair.
August 13, 2014, 04:53:42 PM
Yes definitely, people see BTC dropping and buy vaporware to secure the gains. /sarcasm
Well I have bought more Monero as diversification, but Ethereum is not in my "qualified btc hedges list".
Well I have bought more Monero as diversification, but Ethereum is not in my "qualified btc hedges list".
+1
August 13, 2014, 04:51:02 PM
(3) They are purposefully trying to destroy the price so that people panic and sell their BTCs into Ethereum given the ratio is relatively fixed (although dropping each day per the terms of the roll-out).
Yes definitely, people see BTC dropping and buy vaporware to secure the gains. /sarcasm
Well I have bought more Monero as diversification, but Ethereum is not in my "qualified btc hedges list".
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