I like that if you did sell, every upward movement becomes a bull trap.
No, bears are indicating that the move from 576 was a bull trap that they are waiting to see complete.www.youtube.com/watch?v=6jfBnVVeKZs
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31156. (Read 26608435 times)
December 10, 2013, 07:42:19 PM
www.youtube.com/watch?v=6jfBnVVeKZs
December 10, 2013, 07:40:46 PM
I like that if you did sell, every upward movement becomes a bull trap.
No, bears are indicating that the move from 576 was a bull trap that they are waiting to see complete.At what point does it stop being a bull trap and start being a normal upward movement? When the price doubles? Triples?
December 10, 2013, 07:39:34 PM
I mean what do you think people transfer all this cash over to the exchanges to play and invest because they're fed up with the stock market and other boring investments and they're going to leave all that fiat on the side doing nothing ?? On the exchanges ? Wire back the finds they just sent through ?
Stay out at your peril
Stay out at your peril
December 10, 2013, 07:38:08 PM
I like that if you did sell, every upward movement becomes a bull trap.
No, bears are indicating that the move from 576 was a bull trap that they are waiting to see complete. December 10, 2013, 07:37:23 PM
Many Bothans died to bring you this image.
December 10, 2013, 07:35:29 PM
Many Bothans died to bring you this image.
December 10, 2013, 07:31:45 PM
Lol - well I got that epically wrong as per usual - but it's ok, I left most of my luggage on the train.
Choo Choo...
Choo Choo...
December 10, 2013, 07:27:51 PM
December 10, 2013, 07:23:16 PM
December 10, 2013, 07:22:49 PM
Chart = bull trap
Chart + News + Reality = Choo Chooooo!
Chart + News + Reality = Choo Chooooo!
December 10, 2013, 07:22:43 PM
My take: I don't buy it, epic bulltrap, next we go down. Maybe missing on a bull run but way too risky.
24h from now: "I still don't buy it, this is temporary, we're gonna go back down to the ATH"
I don't know if 24h from now the downtrend would have already started, but the uptrend would have already stopped for sure.
Probably worth backing off the definitive statements in this market. Generally doesn't end well.
We are all playing on the same level so at least respect is in order.
Both positions seem sound.
Thursday / Friday $1500
December 10, 2013, 07:21:13 PM
I have been keeping an eye on the market this week. It occurred to me that the last trap (dec 7th) was preceded by a large spread ($100+). I haven't seen such a spread since then and there have also been no traps since then. Are the traps usually preceded by large spreads? Is there some common wisdom as to what else can cause such spreads?
December 10, 2013, 07:19:19 PM
hash rate going even more vertical.
December 10, 2013, 07:16:42 PM
My take: I don't buy it, epic bulltrap, next we go down. Maybe missing on a bull run but way too risky.
24h from now: "I still don't buy it, this is temporary, we're gonna go back down to the ATH"
I don't know if 24h from now the downtrend would have already started, but the uptrend would have already stopped for sure.
lol, who gave you that idea?
December 10, 2013, 07:14:53 PM
How, huh? What?
I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?
Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write
)I know there are already places in Europe where only half the cars are allowed to enter the city on one day and the other half the next. Those with the $$$, uh, I mean €€€ simply have two vehicles, of course.
Hey I read that as only the left side half of each car one day, right side the other day. Had to stop and wonder.
December 10, 2013, 07:14:19 PM
My take: I don't buy it, epic bulltrap, next we go down. Maybe missing on a bull run but way too risky.
24h from now: "I still don't buy it, this is temporary, we're gonna go back down to the ATH"
I don't know if 24h from now the downtrend would have already started, but the uptrend would have already stopped for sure.
Probably worth backing off the definitive statements in this market. Generally doesn't end well.
December 10, 2013, 07:10:46 PM
I can't believe how many bears are still in denial.
December 10, 2013, 07:09:26 PM
Snoop. Eye on his bitcoins.
December 10, 2013, 07:09:15 PM
Hate to take the bears side but whoever did the dumping will be buying back to do it again. No idea when though, strong rises have often been closely followed by long downward pushes but interest has gone up a couple of orders of magnitude since then and the publicity just keeps on coming. Either way its likely bear coins will be running near empty unless there's some big movement on days destroyed.
Manipulation is something BTC will have to live with for the time being. Weak hands are shed in the process, so it may not be a bad thing in the long run.
Weak hands get shaken out, and a fraction of the buyins are weak hands.
Over time the system grows more confident.
December 10, 2013, 07:08:41 PM
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