Topic: We need to pass $547 to see a REAL jump! - page 8. (Read 10642 times)

more volume is done in RMB than USD.

China has nothing to do with Bitcoin prices now. I always thought USD was banned for use in China. So how do normal people in China have the currency that supports the Bitcoin prices? They don’t. It is Americans who control the Bitcoin prices.

550 barrier break by saturday!.

on a side note...

Things are looking very good but again you cannot be confident until you have confirmation.

VOLUME - NEWER HIGH

Watch OBV, MACD Moving Averages as guidance.

(PS). If you trade remember that you can use hidden orders.

Imagine you want to buy but not make the market spike up because your buy order is large.

place a hidden buy order

For example:
200   AT  $500.01 (HIDDEN)
26.46 (random number) at $500.00

People will see your order at $500 for 26.46 and try to sell it but your larger order (hidden) will get all the sells. (Filling partially)

I will send you another excellent tip to move the market later ....


Cheers...

Trading is a totally different beast than investing.

Things change by the second sometimes and you can make or lose your entire capital. (I have lost my ENTIRE capital 2 times)
Once in 1987 and once in 1999.

Both times were because of margin calls. MARGIN CAN KILL YOU...

If you want to be financially set their in only one thing i can tell you that will be `golden`

Understand very , very , very , very well. Two things.....

Greed & Fear

These two emotions are what makes a dumb trader and professional.

I NEVER enter a trade based without knowing my enter price,profit exit price and loss exit price.
I never hold a falling stock or currency `hoping`that it will go up. As well I never change a stop loss or limit buy . Unless there is fundamental (verifiable) news.

Some tips I use are:
- Buy on rumor, sell on news..
- always put in a low ball bid in when wanting to acquire anything , (stocks, currency, bitcoins) 30% of the value of the item.
- trade WITH the momentum (IE. the trend is your friend)
- watch TA charts but as a guidance not a bible.
- create a google alert for the item you are buying with google.. google will send you daily news and anything about that item daily real time. has made me more money then you could imagine.
- watch moving average (when they cross)
- understand the REAL value of anything you buy or short. companies have a book value
- UNDERSTAND SUPPLY and DEMAND
- try to find insider information

There are many more things that I can help you guys with but honestly for me to make money i need to make it from you...

That`s the honest truth..

So I need to keep something to myself , right?

I am waiting to see $547 be broken. I have a good feeling that it will happen in the next 72 hours.

But what do i know..?
Maybe it will drop , maybe it will go to $718.66 USD on bitfinex in 1-2 weeks ?

Look for my buy order at $548 for 200 bitcoins.. then you will see if i am full of $hit.

Make YOUR plan and execute it..

Hello Shark
You have posted A very nice and interesting post as we get to see perspective of a trader rather than general community who are using bitcoin as a currency more than a trading commodity.
I was also wondering if you could help clarify the concepts of going long and short as well as other trading concepts that we could use in order to understand trading in general and bitcoin trading also specially for those people who have never been exposed to such terms before.
I am sure like me there must be many others who would be interested in trading bitcoin and might have a few lieng around for saving purpose.
Some questions that you can shed light upon
How do we get started?
What exchange to use for trading that will be supportive towards newbies?
How much amounts to start with and what could be our expected return?
Any guide you can give us on buying and selling on the platform and when to go long or short ?
How about inter trading between crypto currencies ?
There could be many other things such as trends to look at, market indicators, high volume days, etc.

Would love to read a short essay and then feel confident enough to trade at the same time help other forum memebers .

Regards

Duke

Ok , with the price as we talk at 510 , I must admit i honestly have no idea what you're talking about.

It is a major resistance level.

At this time I only really care about $547 on bitfinex.

I will go long and stronger at $458 if we can get there...

Mark my words 200 at $458 if it can break through.. $457 ...!!!

and it wont be me only...

Lets see....

Is this 3449 some sort of a lucky number in China or what?
Also , this looks more and more like another gox run , hope it is not the case.

Also watch HUOBI .. at 3449

If it passes 3449 in the next 3-7 days you will see a MAJOR PUSH upwards.

We have three different exchanges very close to break out formations.

Could be very, very interesting.

Ahem!


And funnily enough....the level  ($550) where you are thinking of going long, is the level where I would be thinking of shorting......with stringent mental stops in place of course........(if I hadn't banned myself from shorting)

I was stopped out ....
I will be putting another range of shorts at:

505
500
495
490

Lets see if they will be hit...

Otherwise, now I will wait for $547 to be passed ON VOLUME.

I wish people would invest more time in actually promoting bitcoin than just speculating on the price. These petty rises and falls probably wont matter much in the grander scheme of things. Let's see where the price is at when we've got 100s of merchants daily all across the globe accepting bitcoin.

This is a steady growth trend. Today we'll end at $520 the lowest

We got up to 528 so far - and now I can't sleep. Scared to.

When it hit 500, or right before, I'd decided things are probably going to hang at 450ish for awhile longer since nothing appeared to be happening, and I'd buy more btc next week or two after my recent purchase comes through from Monday.

And then I happened to be on the chart site when it jumped to 480s and 490s and it hit 500...so I'm glad I bought when I did. Hope it keeps right on going up!

In all my months of bitcoin, I have never seen a post of this nature during a rally

547 later today?

I would not touch a short on BTC in this market at all. I have been around BTC long enough to watch many a bitbear go to the slaughter some in spectacular fashion. My favourite bitbear slaughter still remains pirateat40, with his 500,000 BTC or thereabouts short.

I am 100% long on BTC. I can sleep much better that way.

quote author=Wilhelm link=topic=618524.msg6868356#msg6868356 date=1400741023]

+1. Once we hit these levels fear of missing the rocket to da moon will sink in and get previous weak hands to come running to get aboard
[/quote]

Hello Wilhelm
as I think you will understand german this link is for you: http://www.godmode-trader.de/analyse/bitcoins-situation-spitzt-sich-zu-2,3730868

In case you need Translation let me know,please

edit: It is a nice short squeeze,anyway

+1. Once we hit these levels fear of missing the rocket to da moon will sink in and get previous weak hands to come running to get aboard

exactly,or at least 650 $

I am still short.

But something is odd here..

Definitely being manipulated...

Makes me feel very uncomfortable knowing that people can manipulate the price $50-150 dollars just to wipe out the stops and limit orders.

It seems like the T.A is being abused and then whip sawed to collect and or make money.

BOO WHOO, (I know) I cant really complain as I am trading a crypto currency that could be shaken down to $100 usd or up to $1000 usd in 2-3 days at the will of 10-15 players if they got together and decided to create havoc..

I will keep my short and make the stop limit buy at $505 USD on bitfinex. If i get stopped out FINE, if not then I can ride this down.

However, if this puppy can break $547 USD (bitfinex) with volume I will pick up @ $548 x 200 more..
Mark my words.

Lets see what happens..