Yet another analyst :) - page 75. | Bitcointalksearch.org

oakpacific

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Quote from: lucif on April 05, 2013, 10:11:51 PM

You know, this is all just nuts =) Bitcoin isn't a [classic] ponzi only because merchants accept it as payment option.

But do they accept Bitcoin? No. They accept Bitpay. It's a really different things. Merchants don't need bitcoin itself because of volatility. And what do we have? We have adoption, where all economics depends on TWO single points of failure: Bitpay and MtGox, where Bitpay hedges.

Kill one of them and all will just stop exists: wordpress, namecheap, amazon and other famous merchants accepting ~~Bitcoin~~ Bitpay. Especially taking into account how much money Bitpay laundered for BFL scam.

This all can blow at anytime. I hope i will get rich first =)

You forget Silk Road.

lucif

sr. member

Activity: 462

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Clown prophet

You know, this is all just nuts =) Bitcoin isn't a [classic] ponzi only because merchants accept it as payment option.

But do they accept Bitcoin? No. They accept Bitpay. It's a really different things. Merchants don't need bitcoin itself because of volatility. And what do we have? We have adoption, where all economics depends on TWO single points of failure: Bitpay and MtGox, where Bitpay hedges. This is just exreamly centralized economy based on decentralized currency? Nonsense!

Kill one of them and all will just stop exists: wordpress, namecheap, amazon and other famous merchants accepting ~~Bitcoin~~ Bitpay. Especially taking into account how much money Bitpay laundered for BFL scam.

This all can blow at anytime. I hope i will get rich first =)

zkay

full member

Activity: 126

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Quote from: Missionary on April 05, 2013, 12:12:26 PM

Starting to look like we could have an immanent take off upwards.

What makes you say that? Just curious, and hopeful you're right.

Missionary

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Starting to look like we could have an immanent take off upwards.

ThickAsThieves

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Quote from: lucif on April 05, 2013, 12:03:10 PM

Short bitcoin now, or play out final leg....

Could be a loooong leg.

lucif

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Activity: 462

Merit: 250

Clown prophet

Short bitcoin now, or play out final leg....

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: BrightAnarchist on April 05, 2013, 11:35:11 AM

Quote from: lucif on April 05, 2013, 09:29:29 AM

I don't like stocks bearish kickstart today and rising dollar from bullish PoV.

I don't know why, but looks like some WS guys repeat stocks sentiments at bitcoin in evening. Whether they are hedging or what...

I'd stay prepared for taking profits from that

The DEFlATION trade is back, baby! Hark from 2008... Thiz one's going to be much bigger... Long the dollar, short the s&p... I'm ready for all this bubble crap to burn down Wink

aye today $INX candle is sexy Grin

lucif

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Activity: 462

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Clown prophet

Quote from: BrightAnarchist on April 05, 2013, 11:35:11 AM

The DEFlATION trade is back, baby! Hark from 2008... Thiz one's going to be much bigger... Long the dollar, short the s&p... I'm ready for all this bubble crap to burn down Wink

fuck yeah... ))

But I just prepared to be rich with bitcoin bullish trend =) Madness

BrightAnarchist

donator

Activity: 853

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Quote from: lucif on April 05, 2013, 09:29:29 AM

I don't like stocks bearish kickstart today and rising dollar from bullish PoV.

I don't know why, but looks like some WS guys repeat stocks sentiments at bitcoin in evening. Whether they are hedging or what...

I'd stay prepared for taking profits from that

The DEFlATION trade is back, baby! Hark from 2008... Thiz one's going to be much bigger... Long the dollar, short the s&p... I'm ready for all this bubble crap to burn down Wink

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: lucif on April 05, 2013, 09:29:29 AM

I don't like stocks bearish kickstart today and rising dollar from bullish PoV.

the dollar rally because of JPY

http://www.sierrachart.com/image.php?l=1365178675195.png

lucif

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Clown prophet

Quote from: therealodog on April 05, 2013, 07:16:21 AM

what do you think about this. what i'm seeing is that every time price stays above the top band for an extended period of time, it retraces, often to the 30 day wma but sometimes only to the 10

drawing channels is ok but i think you're setting yourself up for failure because you know its likely to break out as more and more people find out about bitcoin

bolinger bands seem to work better becuase they're dynamic

I'd say we need to defend your wma30 again as always =)

therealodog

newbie

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i didn't understand any of that

lucif

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Clown prophet

I don't like stocks bearish kickstart today and rising dollar from bullish PoV.

I don't know why, but looks like some WS guys repeat stocks sentiments at bitcoin in evening. Whether they are hedging or what...

I'd stay prepared for taking profits from that

therealodog

newbie

Activity: 33

Merit: 0

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=90&i=Daily&c=0&s=&e=&Prev=&Next=&t=S&b=B&a1=WMA&m1=30&a2=WMA&m2=10&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0&

what do you think about this. what i'm seeing is that every time price stays above the top band for an extended period of time, it retraces, often to the 30 day wma but sometimes only to the 10

drawing channels is ok but i think you're setting yourself up for failure because you know its likely to break out as more and more people find out about bitcoin

bolinger bands seem to work better becuase they're dynamic

And1

member

Activity: 62

Merit: 10

First I learnt MACDs and etc, but i realised all this are poor indicators. I tried one speculation move selling it on the top when all indicators was weak, but i lost 5% anyway.
Thx to Lucif posts i realised i must learn drawing proper channels, learn to use moving avereges and deviations and most of all - learn to try predict zigzags.
BTC is different from other stocks, because supply is constantly scarce, thus long term keeping > speculation unless someone is really good in TA.

Thank You Lucif for sharing your knowledge!

lucif

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Clown prophet

Quote from: Bowjob on April 05, 2013, 01:37:54 AM

Quote from: lucif on April 05, 2013, 01:32:14 AM

And the ultimate rule when you are out of coordinates and you have high emotional background: DONT DO ANYTHING until emotional background will calm down. Rest, sleep, walk at street. Then develop a new plan.

This is ultimate Plan B for any plan.

Brilliant advice. I've gotten burned many many times by "panic" buy or sell. I simply don't do shit anymore.

It's a 1 million dollar advice I got from one professional forex trader.

Books, strategies, indicators, EW rules - all is shit comparing to trading psyhology.

If you want to learn trading, the first thing to learn is trading psyhology. All other is the secondary.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

50/50, developing next plan.

Bowjob

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Quote from: lucif on April 05, 2013, 01:32:14 AM

And the ultimate rule when you are out of coordinates and you have high emotional background: DONT DO ANYTHING until emotional background will calm down. Rest, sleep, walk at street. Then develop a new plan.

This is ultimate Plan B for any plan.

Brilliant advice. I've gotten burned many many times by "panic" buy or sell. I simply don't do shit anymore.

Arzack

newbie

Activity: 52

Merit: 0

Quote from: lucif on April 05, 2013, 01:25:41 AM

Actually I stepped away from this plan last time, sold not at planned conditions. Of course I am at profit, but I lost too much other chances, I lost exit point, I have no entry point anymore and I become very nervous, coz I am out of coordinates, flying in vacuum.

This is not right to step away from plan.

Good thread, thx and keep up with it!

Do you have any BTCs invested now? (what % of your portfolio if i can ask)

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

And the ultimate rule when you are out of coordinates and you have high emotional background: DONT DO ANYTHING until emotional background will calm down. Rest, sleep, walk at street. Then develop a new plan.

This is ultimate Plan B for any plan.

Topic: Yet another analyst :) - page 75. (Read 269580 times)