Topic: Yet another analyst :) - page 57. (Read 269605 times)

it's been going strong all evening - I wonder with the apparent bottom at $50 (according to some) and the lingering around $67 whether this has coaxed gox customers back into the game...(and thus the rest of us)

That is one  of those walls with no intent to buy! It is stuck there as faux support, to dupe buyers into buying above said wall. Possibly the asks being bought are the wall owners!?! It is usually a sense of support to trigger a panic buy, by those less experienced. It usually works a little, but ultimately it just delays the inevitable.

just wondering what the analysts think of phenomenon like the $1.1M bid wall?


after a down trend and then settling around 65-68, this happened... and has stayed above $70 on Gox since...


while bitstamp is doing this:




seemingly a much weaker version of the opposite

kinda painful here, lol, watching the heavily trolled try their best to be a troll, and still failing
i don't know whether to lol or wtf

The more I see this, the funnier it gets lol

lol

I'm not too sure about the analysis in this thread so far - so I did some digging and came up with something a bit clearer

But it is possible than reality will be even more fascinating ... and no more Bitcoins under $300. ... what do you think impossible ? (20.4.2013)

yes, always. Learn from mistakes.

Thanks and best wishes 

point taken, thanks.

Mostly observation has proved fruitful so far.




I'm not sure where the "blah-blah" quote came from but thanks for the advice, and thanks for going temporarily off topic

6. Don't repeat mistakes. Market don't forgive mistakes. Every mistake must be analyzed, accepted and you must patch your firmware to don't repeat that. Give respect to market for this lesson.

It could be back to $77 in the next few hours, it's heading that way at the moment although it's unsually quiet for this time of day.

Advice.
1. Choose your trading interval. Hourly/daily/weekly. I do daily trade when volatility increases and/or price goes by exponent. Because... you saw why. It can blow 100500 times in one moment.
2. Neither opening, nor closing position action MUST not be based on any kind of these emotions: fear or greed.
3. Good entry point and plan of further actions will defend you from being nervous. Search good entry point!
4. Put brain trigger on high emotional background. High emotions detected: DONT DO ANYTHING IN MARKET. You better drop computer out of window rather then buy or sell on high emotional background.
5. Don't block emotions. Fear, greed and logic fight must power up you ONLY when you develop plan for position. Plan should be considered ready when they all calm down and have a deal. When you inside plan, do actions only according to plan.

Just remember, people on here will lie to you to get you to trade against them.

+



thanks guys. Yeah after Bitcoin24 I made a new plan (because I knew I didn't want to tap out yet) and have so far stuck to it. I just wish I'd found the analysis threads sooner than the opinion threads, I prefer this kind of rational thinking for this sort of thing

this is my research

if I had more than high school math (if you read that part) I would perhaps, maybe, be capable of doing my own research...

don't worry, I take full responsibility for all my actions.

thanks for your kind post


the end

Make a plan, stick to it.

If you feel fear or greed, don't trade unless it matches your plan EXACTLY.

lol

does that mean he should not listen to you neither?

hold on to your own jugdement but be open to learn I would say
beware of emotions, any, and never invest more than you can afford to loose!
I would say ...

also dont try to trade if you never practised!
better invest, in steps ...
set yourself limits and goals
stick to them

just my two satoshis

p.d.: I like your approach to bitcoin michaelGedi

Do your own research. Never listen to anything anyone says on the internet.

the end.

I just want you to say thanks for the analysis discussion.

I only have high school math, but I have some inkling of what's going on here.

Unfortunately I bought today at $77 after cries on other threads (unsubstantiated cries) that $50 is/was the bottom. Cries of guys who should know better considering how long they've been around it seems.


I know this analysis doesn't include some uncalculable factors, but I trust math and experience - so it's reassuring that I can believe when it hits the bottom of the crash I MAY only lose around half my value to the USD as it stood when I bought in.


It's an interesting experience - I always hated the premise of trading stocks - but here I am, in a very similar environment. Ultimately, personally, I'm extremely interested in this new currency and it's implications. I do wish my impatience hadn't led me to emotionally want to buy in "before it's too late" in order to store value as it increases in adoption. Wealth generation aspirations and jumping on the bandwagon aside, I want to be a part of the bitcoin community and the pioneering that the recent media coverage has enlightened us to.

Watching the price teeter down to $65ish, and reading your discussions has led me to consider that selling out now and waiting for $35-40ish might be a good idea? But at the same time maybe I don't have the patience and I've spent a week staring at charts and reading everything Bitcoin and cryptocurrency when I should be completing my degree. Perhaps I should just lock my wallet somewhere offline and come back in a month.

Anyway, I didn't mean to write so much. I guess the whole experience been a bit draining (I was also part of the Bitcoin24.com fiasco). - So a little human story for you there totally off topic    thanks