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TERA
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December 09, 2013, 09:23:02 AM |
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So far every time I try to use april to predict things it has been wrong and costed me - starting with "a bubble cant pop here" and ending with "there must be a second capitulation wave here" so I am giving that up and only trading based on TA / EMAs now.
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crazy_rabbit
Legendary
 Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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December 09, 2013, 09:24:38 AM |
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So who sold at 570$?
Bearish Pendant?
It's more like who didn't buy at 570. Me, for example.  I bought at about $570. I just didn't buy ENOUGH to save me from a net loss anyway. :-/ |
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Loaded
Full Member
Offline
Activity: 135
Merit: 113
whale eater
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December 09, 2013, 09:28:18 AM |
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Another insight:
Above a certain volume, TA is absolutely worthless. Large holders can and do draw whatever pattern they want on the charts, sometimes to push the masses into buying or selling.
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KFR
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December 09, 2013, 09:29:15 AM |
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Another insight:
Above a certain volume, TA is absolutely worthless. Large holders can and do draw whatever pattern they want on the charts, sometimes to push the masses into buying or selling.
+1  |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 09, 2013, 09:39:32 AM |
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Another insight:
Above a certain volume, TA is absolutely worthless. Large holders can and do draw whatever pattern they want on the charts, sometimes to push the masses into buying or selling.
+1 |
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DannyElfman
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December 09, 2013, 09:40:27 AM |
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hmm, we seem to be running to into some resistance.  |
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alexeft
Legendary
Offline
Activity: 854
Merit: 1000
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December 09, 2013, 09:52:09 AM |
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I feel that this is the last time we see BTCs under $1K...  Me too!   |
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fr33d0miz3r
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December 09, 2013, 09:53:30 AM |
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Testing the double top's neckline   |
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traderCJ
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December 09, 2013, 09:56:08 AM |
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Another insight:
Above a certain volume, TA is absolutely worthless. Large holders can and do draw whatever pattern they want on the charts, sometimes to push the masses into buying or selling.
TA is BS |
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Rannasha
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December 09, 2013, 10:01:43 AM |
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Testing the double top's neckline Pfff. This is clearly a camel-pattern in formation. You can see the 2 lumps already and the current rise is forming the neck and head. |
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ChartBuddy
Legendary
Offline
Activity: 2800
Merit: 2413
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 09, 2013, 10:01:47 AM |
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harlenadler
Sr. Member
Offline
Activity: 430
Merit: 250
Agent of Chaos
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December 09, 2013, 10:04:25 AM |
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more TA and less shit talking about TA, at least it brings something to the table
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fr33d0miz3r
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December 09, 2013, 10:05:36 AM |
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Pfff. This is clearly a camel-pattern in formation. You can see the 2 lumps already and the current rise is forming the neck and head.
Probably. And this camel will spit cheap coins soon. |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 09, 2013, 10:06:31 AM |
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Breaking out of that triangle in a big way. Anyone want to place bets on recovery or bull trap?
You mean an actual bet? Yeah, sure. I feel we will go visit the exponential trendline. I am game. 10 BTC that we don't touch your exponential trendline in December? The one that projects $428, not one that incorporates data up to Dec. 9. |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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December 09, 2013, 10:11:47 AM |
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Another insight:
Above a certain volume, TA is absolutely worthless. Large holders can and do draw whatever pattern they want on the charts, sometimes to push the masses into buying or selling.
Like you've been doing? I notice BrM2 actions too, selling into bids and and putting walls at 700, trying to push the market down, he failed. So if he played a big part in the panic bought back to 980 then I don't see this rally continuing and the market will stabilize back around 850 soon..but I'd rather think he is still holding goxbux.. |
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maz
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December 09, 2013, 10:15:14 AM |
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Breaking out of that triangle in a big way. Anyone want to place bets on recovery or bull trap?
You mean an actual bet? Yeah, sure. I feel we will go visit the exponential trendline. I am game. 10 BTC that we don't touch your exponential trendline in December? The one that projects $428, not one that incorporates data up to Dec. 9. Oof! fighting talk. |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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December 09, 2013, 10:21:49 AM |
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getting nervous holding right now....
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alexeft
Legendary
Offline
Activity: 854
Merit: 1000
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December 09, 2013, 10:35:31 AM |
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getting nervous holding right now....
Normal, since your nickname is ShakyhandsBTCer ... |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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December 09, 2013, 10:37:06 AM |
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hmmmm everyone says choo choo. i don't know....
To choo or not to choo...that is the question! |
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kurious
Legendary
Offline
Activity: 2618
Merit: 1749
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December 09, 2013, 10:56:45 AM |
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The price on Gox was specifically attacked over Sunday by a bear or bears to try and hoover up cheap coins before this week's trading.
It was aimed at thin volume markets and weak hands.
I am guessing the trade did not work - at least not entirely, judging by what loaded said - it seems some stashes were big enough to defeat the main aim of the bearish whale.
The fundamentals are sound (better then ever in terms of sentiment and 'adoption') so the news in China seemed a good moment to hit a weak market. The fact that the news was not really bad, but made China a little nervy was good timing in some respects - but I think the line held and Bitcoin has proved more resilient than expected.
Huge volumes did not smash BTC down to sub 500 as 'may' have been expected - we could all see the big sales and then walls popping up - but the ability to buy low was not really enough as major buying back was not possible without buying back the whales own wall - I don't think the profit was really there.
There has been manipulation to keep all exchanges (except China) to remarkably close prices too - but all of this appears to have failed and a shift to a market price of 800+ plus seems to have won over.
For me this was a giant fail - and it had to work before Monday morning European time to succeed.
I suspect the whale has Gox bux now as focus was on Gox.
Bitcoin won the day - it will not be the last battle, but it was a significant one and may have taught some bears a lesson.
I actually think if rpietila takes the 10BTC bet - he will lose it.
'That which does not kill me, makes me strong'
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