I don't think there was any news just a continued failure to breakout above 680 which caused it to breakdown imo.

Can you explain this image?

So does a steeper incline mean more bids/asks?
 
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...

Ahhh I see the explanation link now. Thanks

The exact same TA I was seeing.

Looks like we just had a breakout above the resistance trend line. Next area of resistance that will probably be heavy is around 610-615. Let's see if we can test that area here soon.

Within the past few weeks Bitcoin has failed to decisively break above the 200 day moving average. This is one of the main reasons I believe it fell back below 550. However, the 50 day moving average has shown support over the past few days and looks to be the bottom. You can see the chart from this link shows the 200 DMA currently at 643 and 50 DMA 529.

Bottom line...if Bitcoin can break above the 200 DMA here soon I believe it will get above 700 shortly after.

http://bitcoincharts.com/charts/bitfinexUSD#rg360zigDailyztgSza1gSMAzm1g50za2gSMAzm2g200

I just bought some more at 386 on that 2pm dip bringing my average down a bit to 406.

I recently became bullish again with it making a higher low at 320 in early November (higher than Oct 275 low). I just needed to see a huge rip (which came from 360 to 450) and dip before buying more. I don't want to try and catch a falling knife that's why I was not buying sub 300.

We need to get back above 450 and stay there...time will tell.

Welt

It will be interesting to watch GBTC this week. Each share represents .09653305 BTC at this time so at 315 we are looking at a share price of $30.41 which is about where it closed last Friday.

So far it has traded well above its NAV, but I just think that is because it has been super clunky with low volume. Hopefully volume will pick up and it will start to mirror BTC more accurately.


http://grayscale.co/bitcoin-investment-trust/

I agree with you in that it is a fairly closed system. I also don't look at it as an indicator of anything. My thought is that the shares represent another way to invest in Bitcoin and the more accurately they track the BTC price the better.

I wouldn't want it to have to close or for the creators to decide to delist because it was acting poorly or volume was so laughable.

The weak hands are being shaken out right now. Great time to buy

Back to 291. Somebody got themselves a deal at 285.


Personally, I bought within the last month or so at 240, 250 and 270.

Well folks. The 50 day moving average has moved above the 200 day moving average signaling near-term momentum is on our side.

If the 200 DMA was currently trending upwards while being overtaken by the 50 DMA then we would have a golden cross on our hands, but technically the 200 day is still moving down ever so slightly. Most technicians believe both moving averages need to be trending upwards for a golden cross to occur. Look up golden cross if you don't know what I am talking about...

If we stay at or above current prices for another month or two then we would have both the 50 DMA and the 200 DMA trending upwards which would be great news for Bitcoin longs.

They are both uptrends, but other than that...nope

Here is what I am seeing on the long-term chart. Appears that we are in a tight rising wedge that goes back to early 2013.

The upper and lower bounds of the wedge touch very precisely in roughly 5 spots each which tells me this isn't a coincidence. We recently tested the upper bound at roughly 315 and failed to breakout. Testing the upper bound was bullish, but failing to breakout above it was bearish. In order for me to turn ultra bullish I would like to see us...

1. Breakout above the upper bound considerably to roughly 415 (area of support in April/May of 2014 which became resistance in Oct/Nov of 2014)
2. Retrace back to the breakout point to test the upper bound to see if transitioned to support
3. Bounce off the upper bound (which would be below the BTC price at this point in this scenario) and head back towards 415






Even though I am not ultra bullish, I still own some coins and think the risk is to the upside for the following reasons...

1. The 50 day moving average is now above 200 day moving average and trending upwards signaling near-term momentum is on our side
2. The wedge in the above picture is a rising wedge which obviously is better than a falling wedge
3. Bitcoin adoption and investment continues to rise while volatility continues to fall
    see link ---> https://blog.coinbase.com/2015/07/15/bitcoin-trends-in-1h-2015/


I'd like to hear some opinions on these thoughts. Any takers?

We have flatlined for 3 hours now. The new normal?

ausbit - meant to quote you


But I like these sites

http://bitcointicker.co/

https://bitcoinwisdom.com/

I didn't see that dump coming.

Hope we can recover a couple dollars before 8 pm eastern so the daily candle doesn't look too ugly.

http://bitcoincharts.com/charts/bitstampUSD#rg60zigDailyztgSza1gSMAzm1g50za2gSMAzm2g200

No problem. I usually have them up at the same time. Wisdom has great charts, but ticker has the best order book details I've found.

No it wasn't a big deal, just was hoping for a close over 279 to have a green candle on the daily.

At least in the immediate near term there appears to be an actionable wedge worth watching. Question is do we break up or down?

Sorry, but you are completely wrong here saying that the Swedish ETN ruins the COIN ETFs novelty. ETNs do not = ETFs, not even close

ETNs are not nearly as secure and transparent ETFs. ETFs actually hold the underlying asset being tracked and ETNs simply follow the price. This gives people much more confidence in using ETFs to earn returns versus ETNs. If the company that runs the ETN goes out of business the ETN would become worthless (ETN = unsecured debt), but with an ETF there are actual assets backing the investors purchases so they have much more security.  

Which is why you should never invest in an ETN unless you know the company has a good credit rating and that the chances of bankruptcy are almost non-existent.

If the coins backing COIN were all stolen then investors would probably loose a lot of money (if not all), but the same goes for any other ETF. GLD for example holds gold and there is a chance it will all be stolen yet there is about $25B invested in the GLD ETF right now and a lot more than that when gold was higher.

In terms of insurance, we will have to read through the COIN's prospectus if and when it comes online to see if says anything.

With that said, COIN won't have all of its BTC holdings online. I'm sure they will have most in cold storage and probably not all in one place.

If COIN does have all of it's coins stolen it will be one of the biggest heists in history assuming COIN gets

If prices stay at current prices or higher then the LT MA (200 day) should start curling upwards early next month. Bullish!

How do you figure? explain

Only if we get a surge in volume. Bid wall is not as impressive as ask wall at this time.

If you mean RIP as in rip higher then yes. I agree with you.

We need to get back to 285 in order to put an end to this 5 day downtrend.

During this entire downtrend I've noticed traders are very unwilling to raise their bids and "slap the ask" as I like to say. That's why its just been a slow trickle down. Sellers are selling right into traders hands rather than traders gobbling up coins moving us higher with market orders.

We need someone or a couple people to aggressively buy in order to break this downtrend...like you said a 5k market order would def do it!

That's a clear downtrend that has yet to be broken. Inca was likely talking about the uptrend that started about 2 months ago at 220.

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

Decreasing volume during a downtrend means sellers have exhausted their selling pressure.  

WE GO UP

Not true. Periods of abnormally low volume are normally the calm before the storm. Usually the move following a period of low volume is substantial. Lower volume during an uptrend usually indicates buyers are losing interest and lower volume during a downtrend means sellers are almost done selling.

Absolutely, which is why I try not to talk in certainties with my analysis by frequently saying "normally" and "usually." All technical analysis and volume analysis is merely speculation based on history and repeating patterns. The hope is to simply be right at least 51% of the time.

Broke 281


Breaking 282-283 would lead to a quick rush to 285 in my opinion.


Let's watch and see...

Well, just broke below 280 on stamp. Might get another chance for some cheap coins after all.

Sounds about right. Buying at the perfect time just never happens.

People are hesitant. Volume will only follow due to the FOMO if we go up 5-10 points. Maybe. We will see.

I bought more under 262 yesterday. No way I'm selling after a huge panic sell event.

I will keep buying as long as it brings my average down. Right now my average is at 284. Started buying around 450 on the way down from the all-time high.

The reason I did not sell when we went above 300 was because I either want to make thousands of dollars or lose it all. I'm not in this thing to make a couple hundred bucks. I also believe in the system and want to use BTC for its intended purpose eventually.

As long as I believe we can still make a new all-time high I don't think I will use any for commerce.  So maybe once we get back over 1,000 I'd sell a few, use a few for commerce, and hold a few. Something like that. But if I feel uncomfortable with the tech progression my plans can change quickly. So far I have held the course.

I agree and feel a little guilty for not using my coins for commerce. But then again, I'm not convinced in the system yet and it is my money so I will do what I see best. I've only been accumulating a little here and there not because I don't have enough fiat to exchange, but because I am allowing myself to grow more comfortable before making significant bets.

If and when I make my first purchase of goods/services through Bitcoin I'll be sure to post to the forum my experience.

It seems to me that OKCoin BTC and Litecoin in general are leading BTC higher.

OKCoin bouncing hard right now.

Anybody have an explanation as to why there is a huge bid wall of support on finex but stamp shows the bid wall is actually smaller than the ask wall? Seems like they should at least be close to agreeing with eachother?

I feel like looking at finex can give bulls a false sense of security and that stamp is actually the better orderbook to look at when assessing the support and resistance with huge bids and asks?

What do you all think?

Hey all. If you could jump over to my thread and vote on the below chart that would be great. All I need is your vote, but it would be great to get some feedback in the comments as well.

https://bitcointalk.org/index.php?topic=1145207.20

This makes me think that it is very possible that a lot of these individuals are selling their BTC out of frustration and being fed up with being silenced.

I fully expected a pullback once we got over 300 but this fall has been much much more grueling than I anticipated. It seems like we may give up all of the recent gains. Very disappointing

Show me proof

From the article --- “If bitcoin is wildly successful, I’m still holding on to a good chunk of bitcoin. It could be worth tens of millions of dollars, but it could be worth zero. It doesn’t make sense to hold more than that amount. I don’t have a desire to be a multi-billionaire. That’s not what motivates me, I have no desire to be filthy rich.”


Sounds to me like he is merely taking profits on a portion of his coins and diversifying into other things. Sounds prudent to me. I also hold stocks which I think all people should if they have the funds.

You make it sound more dire than it is.

Any of you out there that bought coins below 100 and never have sold any are crazy in my book. Taking profits on a portion of your gains is prudent...not reckless.

I've said something similar to this before and got no legitimate responses. I think Stamp's orderbook is the most predictive of all the exchanges by a long-shot even though it's not the biggest.

Finex can have huge bid support yet the price still drops, but it seems like when Stamp has huge bid support the price actually stays supported or rises. The Stamp bid support started to wane once we fell back below 300 and has not recovered. I am patiently waiting for bids to overcome asks on Stamp before I buy anymore. So far this morning the Stamp orderbook has begun looking more bullish. Still have a long way to go though.

Comparing bitcoin to crude is meaningless. Sorry, but it's true.

The selloff is accelerating.

Do people think that their coins are going to be worthless if this whole XT fork ends up happening? Is that why people are dumping? Is there any evidence to suggest the classic core coins will be worthless? What happens to my BTC? I sure as hell don't want to be holding if this is the case.

I thought this whole XT thing might actually be a positive catalyst, but obviously I don't know anything about the economics here.

No, but I got 4 coins on Coinbase for sub 225 including fees.

Your prediction? Pump or Crash? on LTC

The two largest volume 30 min candles on Finex = over 71,000 BTC

Count my money

Bitfinex CEO talking about crash.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Credit: https://bitcointalk.org/index.php?topic=934638.60


Edit: Listening right now. Very raw and interesting discussion.

Yeah seems like they created a lag to try and spread the market orders out a little bit. Similar to stock exchanges except most of the stock exchanges actually trip a circuit where they freeze and allow people to catch their breath before resuming trading.

The Stamp bid wall is strengthening. Can't say the same for Finex, but unless you use Finex to trade I would recommend watching Stamp. It seems to act more consistently and be a better predictor. Just my opinion.

3200 BTC on Stamp to get through to get back to 250.

Just a little more consolidation in the 230s before an explosion higher once people realize the crash has happened so it's time to load back up.

No surprise

Classic hurricane force winds trend. Very reliable indicator. 

What's up with these bs rally and fades right back down to the beginning of the rally point? Pretty annoying. Plus XT talk has killed this thread as well.

Bad times we are living in

I can keep track of XT elsewhere. Wall observer thread is not the right place.  

Everybody and my mother were surprised with the dump. XT could have easily been seen as the savior and price could have skyrocketed.

Manipulation, manipulation, manipulation...don't you guys ever get sick of crying manipulation? It's the way markets work, big money moves the markets.

Stop acting like you knew XT would crash BTC. Seriously, some good pr before the proposed change could have convinced the masses it was positive. It still might be positive, although XT nodes sit at 13% now and acceptance has slowed so we may not even get to 25% let alone 75%.

You don't really know if we are in an accumulation phase or not. A whale could just be dumping to get out bc they see no future for BTC and not bc they are trying to get people to dump so they can buy more.

I want and believe BTC can succeed and own coins for the record, but just saying...

Now only 2,600 BTC on Stamp to get us back to 250.

I am enjoying the BTC pump today bc lord knows my stock holdings are getting slaughtered today 

They are just trying to attract more customers while at the same time rewarding customers they already have in order to gain loyalty. They expect to gain more in fees than they do giving out free bonuses in the long run. This also attracts more people to Bitcoin in general and helps motivate people to spread the word which also helps CB. Not everything is a scam people. This is just marketing. I'm amazed at the lack of understanding of this and how you people read into this in such twisted ways.

I don't think I am being naive. Corporations attract customers in droves even if it causes them massive losses in the short-run all of the time. What they are looking for is positive operating cash flows down the road. CB has tons of investors giving them money to help them operate therefore everything they do at this time does not need to contribute to profits.

xtnodes.com isn't working for me right now. Anybody else having the same problem?

Anyone know the nodes % at this time? Last time I checked it was like 13.5%

Thanks.

What are people's estimations on this? Expect it to continue to rise slowly or taper off at some point until some major happens?

75% of mined blocks is what matters not nodes correct?

from xtnodes.com if you hover over image at top right corner "The light will become green and say YES once 750 of the past 1000 mined blocks (75%) first reach support of BIP 101 (and Bitcoin XT). From that point, 2 additional weeks must pass until the maximum blocksize is raised to 8MB. It must also be Jan 11, 2016 or later to go into effect.

I like the fact that we have now broken above the 10 and 20 day moving averages. I just bought more. Now is the time to accumulate.

This is how momentum starts. Slowly and then ramps up....

Good idea. Sell at the beginning stages of the next great uptrend...   


I would not be selling BTC right now unless I really needed the funds for something important or urgent.

1500 on okcoin

Head and shoulders forming during today's session most easily seen on the 15 min on OKCoin

Higher if it gets above 1505 and lower and if goes below 1490 (neckline)

Like I said above 1505 we go higher. Now sitting at 1517.

Let's keep Bitstamp on watch now. If we see a 240 handle then the sky is clear all the way up to 250

Don't let your bearishness cloud your judgement. See the trend for what it is...bullish.

I am talking about the very short term. What I've seen over the past 3 days has been very bullish. Probably need to sustain 260-270 to become more intermediate/long-term bullish, but what we have is a nice start.

I'm just trying to get people to understand that you do what the trend says, not what your position is. Obviously, based on whatever your time horizon is.

Edit: What range are you speaking of? It seems like breaking above 240 was the breakout of the short term range?

No, your lack of understanding on how Gemini has slowly built up more and more volume on a daily basis since opening is a joke....

As long as the trend in volume is up...bashing Gemini is plain dumb.

278 now. Arbitraging opportunities should bring in some much needed volume.

If the price never overshot to 278 those 30 BTC might still be sitting on the bid. Gemini will take all the volume it can get at this time.

Why is every rise a pump and every drop a dump? SMH

Hey I'm excited too. I hesitated to more or less double down in the 220s, but at this point my account is worth more than all the fiat I've transferred in over the past two years. Green feels good.

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

That was quick. Currently in my buy zone of 260-265.

Stamp bid wall is firming up. I don't expect staying @ 263 for much longer.

According to most posters on here...manipulation is the only way to move the BTC price. No such thing as supply and demand.

This is why they lose money. I will not join their dark side and I hope you won't either.

It's not safe to say. I don't know what charts you are looking at, but we are very much so in a bullish trend still. Buy/Sell/Trade off of what you see as well as the fundamentals and not off what you wish to happen based on whether you are long/short.

That's true, but haven't a very large portion of total BTC mined been lost? That would reduce supply...

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

Thanks for confirming once again I am wasting my time on this forum.

Wonder who started this thread with a new account?

https://bitcointalk.org/index.php?topic=1212240.0

That's embarrassing

I'm not buying here. I only buy if I can reduce my average.


Edit: Also, do you actually believe you posting on these forums moves the price? You make me laugh

For the aggressive trader believing we stay above the channel, 260 is a great spot to buy in my opinion. I'm not that aggressive trader though.

I'm merely pointing out what my charts say...and not saying I will be buying at XXX.

I'm genuinely trying to post helpful stuff here so you might wanna cool the sarcasm. With that said, I don't claim to be an expert, but when I look at candlestick charts I see patterns almost instantaneously just because I've done it for so many years in the stock market. Patterns repeat themselves A LOT which is what I've learned.

So as of now it looks like we are bouncing off the EXACT level I told everyone to watch out for. If we can stay above the upper trend line then the 273 high will be taken out very quickly IMO. Also Stamps bid wall is looking much much more impressive than it normally does. Seems like buyers are gaining confidence as we hold these levels.

Looking at the charts and the Stamp wall makes me think we are either going to retest the previous high around 318 very shortly or go back down to the 275-280 level to reload. I am hoping the latter just so we can have a healthier rise. I am not planning on buying or selling any of these targets.

The Stamp wall is looking less impressive at these levels so a rise through that heavy ask side needs to be led by some other exchange.

Oh it all makes sense now...

I posted this earlier in the day when we were in the mid-290s. I believe this pullback is healthy and will allow us to have a healthier bid side next time we try and take out 300.

We still are a couple of days away from the 50 DMA clearing crossing above the 200 DMA. This tells me we need to cool off, reload, and allow the averages to catch up a little bit.

Bitstamp bid support is growing like a boss. Love it.

Exactly what we need to ramp up to higher prices.

Here's how I see the trend playing out. If and when we retest 318 I will re-evaluate the charts.

Right now I am seeing a strengthening bid wall and an accelerating bitcoin price above the main channel. Bullish

I mainly watch Bitstamp and OKCoin on here https://bitcoinwisdom.com/

But I know there are better dashboards that I've seen, but don't know the sites...

I posted a chart with some comments on a new thread. If anyone has feedback please comment. I don't seem to get a lot of feedback on here....hope I'm not blocked by everyone 

https://bitcointalk.org/index.php?topic=1223203.0

We he told me 265 was the top as well as 295 and im sure he has been shorting like crazy...digging his heels in deeper...and going more and more into the red...


Wonder if he has covered his short yet?

So you are going to wait until we get a pullback of maybe $5 just so you can figure out exactly what price you want to tell us you shorted at?

You know...wait for the action to happen so you can claim you nailed the trade?

Since we are quoting tarmi now

Depends...did you buy enough for it to matter or did you only buy like 1 coin or even less?

Either way though that was a great buy!

Am I the only one who sees the giant 2K BTC wall @ 310?

On stamp. That's a huge order. Sure there are multi-k trades, but not usually all in one order.

Here comes the explosion. 305.55 on stamp

So what happens if we make a new high say break above 335 on stamp? Are you going to cover your short and concede for at least a short while? We just hit 329 a few minutes ago so not far off.

It seems to me that this recent day or so pullback has already ended by traders aggressively buying. FOMO is strong

New chart. Still looking very bullish unless we fall below the rising wedge. Which color you do guys see coming true if any?


screen shot

Haha seriously! Sell when the trend appears to be ending...don't get scared and sell right as things start poppin. Don't try and time the top.

20x leverage is a joke. Nobody needs that

I just don't think that much leverage is healthy. That's all.

If someone needs 20x leverage in order to make enough money to matter then they probably shouldn't be gambling 20x in the first place. Only invest in what you can afford to lose.

Now if you are just playing with small sums here because it's fun and you like trying new things be my guest...

Looks like China wants to capture 2800 tonight...2746 now

Well that didn't take long...

Does anyone here have the balls to hold and not sell a single satoshi until 1k is reached?

I mean no guarantee that happens, but does anyone have any reasonable selling plans or price targets?

I am considering starting to sell a little now since I'm up a couple thousand fiat. I don't know how greedy I should be?

I also have a more ballsy plan to start selling at 1k and stop around 2k and hold a bunch of coins with the houses money plus already have like 10k in gains locked in. But of course that seems like stretch...for bitcoin though who the hell knows where it's going.

I am an accountant and I play with spreadsheets for fun so I do in fact already have a couple of different sell scenarios worked out. You're link to the SSS plan lines up well with my way of thinking so thanks!

Right now the price is higher than my least greedy scenario...if I were to follow that scenario I would have already sold 3 BTC by now. However, I told myself I would only follow that scenario if I was ultra skeptical of the price rise. At this point, I am still relatively comfortable holding.

Everyone freaking out. Bunch of pussies

Great job. You are awesome. I am jealous of your life said no one ever.

Well you see...many on here are extremely naive and believe they can affect the markets through their comments...while the others can't think for themselves and need reassurance on a regular basis.

Pretty sad really.

Breaking below 365 was a bear trap...you heard it here first.

You can't use the word "definitely" if you are going to follow by saying "thinks"


That's like saying I'm 100% certain that it might happen...

I posted this two days ago and since then we have risen to over 3300 and back down to almost 2300.

Currently at 2430.

Bitcoin is crazy and not for the faint of heart.

Sounds like capitulation to me

Yeah and why lie when you supposedly have no financial interest in BTC?

You mean "Jealousy"


Because after all, the price is still way higher than it was a couple weeks ago

Not sure if anyone is watching, but if Bitstamp hits 397 today then that will be a higher high than yesterday although 400 would be a much better number to cross. It is also looking like we are going to see a higher low so both bullish.

What we may be witnessing here is a pullback rather than what many speculate to be another popped bubble.

I haven't sold a single satoshi and am not sad that I ignored tarmi when he said 265 was the top and also not sad that I bought a shit ton in the 220s.

https://bitcointalk.org/index.php?topic=1239035.0


I am leaning towards the blue, but if we breakout above 400 then we might see another substantial run.

+1

Great post

It's a momentum and trend indicator which should mean a lot for Bitcoin traders. After all, Bitcoin is a momentum trade whether it be down or up.

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.

10 day EMA is looking quite supportive as well.


windows 7 screen shot

I disagree, but that's what makes a market.

I do buy high sell higher rather than buy low sell high and it's worked for me for years.

The more simple your strategy and the lower number of trades you make the more money you make IMO.

Hey China. Time to wake up get this thing back into bull mode. Please and thank you

Anyone with an average below 300 considering buying more? If so, at what price and how aggressively do you plan on buying?

We still are a long way from the halving and what I am hoping to see is a consolidation in the 300s instead of the 220-250 range.

Bears need to consider covering.

I'm not one for manipulation, but there have definitely been questionable trades that make me wonder.

Such as the dump you are referencing...

You are a fool if you think they are going to buy with the intent on selling immediately.

Trust me I understand. I'm just not one of those people out there blaming every little move on manipulation and making excuses if I mess up.

I believe in the long-run the market is more powerful than the manipulation. Sure, you could point out manipulation even in AAPL stock so bitcoin would be cake to manipulate based on it's small size.

That 2 minute $10 dump really screwed up the chart. A breakout seemed imminent, but now I feel like we are the edge of a cliff.

May prompt me to buy some more even though I told myself I wouldn't.

Don't mind me. Just recycling.

Wish I had that much power!

Well, time to lurk on the sidelines again and wait for the trend to turn upwards before buying more.

jesus christ this is ridiculous

the bubble was ridiculous too

you work for the media you blowhard?

Stamp bid support is about as weak as I've ever seen it. China is going to have to lead us higher if we want to go higher. Stamp aint gonna do it.

100% agree with DieJohnny's voice of reason

It really wasn't that big of a move. I'm sorry to tell you, but my rule is that the less I trade the more money I make. You just have to be patient and not try and be cute and hang on every little move.

It just seems destined to going back down in the 200s in the not too distant future. Not once since we peaked at 500 have I felt like we were at the start of a new uptrend.

Every little rally has fizzled out...

My biggest fear is we go back down below 250. That would be awful.

The bid side is looking more solid than the ask side for the first time in weeks on Stamp. Volume is the highest in 5 days and we have cleared the 10 day moving average which sits at about 327. Things are starting to look a wee bit bullish, but by just a little.

Huobi back on the move. Need to get back above 2100 and get a little uptrend going....

chugga chugga chugga chugga Chiiinaaa

We haven't closed above 340 since November 9th. Maybe it will happen soon. That would be a great signal.

Never thought becoming a HODLER would be such a rewarding experience.

The 1 year chart looks incredible. I love it

You can always adjust your time horizon to support your argument. I could also say it has gone up about 140% since its bottom in January.

As a HODLER and a believer in the Bitcoin ecosystem...I have continuously bought a couple coins here and there if and only if it brought my average down. This has proven to be a profitable strategy.

Sounds like a deal. I'm pretty confident we will be well above 166 in January, but you never know with Bitcoin. HODL only works if the price tends to rise in the long run.

Yes, we are crashing uncontrollably. Except...we aren't.

Zoom out a little bit on your charts and stop trying to be cute with little moves. Look at the pattern, not the pattern within the pattern, within the pattern.

Well let me give you some serious advice. Start forcing yourself not to look at what Bitcoin is doing so often.

This works in the stock market as well. If you get yourself into good investments then try not to micromanage your portfolio. You will end up trading so much you miss out on the big money moves which take time to develop.

Stick to your convictions

I posted a pretty detailed chart of my current price thoughts on one of my original threads. I encourage you to check it out and contribute to the topic if you wish. I would post it here, but there is way too much jabbering...it would get lost in the shuffle quickly.

https://bitcointalk.org/index.php?topic=1223203.20

Can someone start a new wall observer thread with ChartBuddy?

This thread is absolute shit.

It doesn't help that any time a troll or newbie posts something ridiculously he/she gets quoted like 8 times and when someone posts something with substance it very often gets completely lost in the shuffle.

I would too.

I just went on a mass ignore spree. Maybe it will help...if not. I probably will become even less active than I already am.

Turns out I was intuition and charting feel was right on the money with this one.

At this time I see 370 as strong overhead resistance, but momentum is back on the bulls side and I believe we get above that level sooner rather than later.

From there 400 is the level to watch.

And if you want to see my latest chart check post 35 here https://bitcointalk.org/index.php?topic=1223203.20

Has anybody here purchased anything off of tigerdirect.com with Bitcoin?

I might be due for a new laptop one of these days...

Edit: here's a relatively recent article about them https://bitcoinmagazine.com/articles/18-months-adopting-bitcoin-tigerdirect-reports-fantastic-experience-continued-growth-1438985840

Thanks. I hadn't thought of newegg. I purchased an external hard drive from them once and it was a good experience.

Hey all! It's been a while since I've been on here, but glad to see we broke $800!

Accumulating on panic dumps and holding long term has and will continue to be the best strategy until proven otherwise.

Was Gemini hacked or is this just scheduled maintenance like their status page claims?

https://status.gemini.com/incidents/k4qvyflfmm24

ME TOO!

but it says "Bitcoin Cash sales are temporarily disabled"

which surprises zero percent...

Coinbase merely added Bitcoin Cash as fast as they could...stop acting like there's a conspiracy behind the time of the release.

Originally they said Jan 1st, 2018 so I'm glad they are ahead of schedule.

Just bought more BCH and LTC. I have plenty of BTC and other alts. First time my BTC stash is under 40% of my crypto holdings. I'm all about diversification...

You can't see into the future so I don't know how you can claim it's not a smart idea. So far it has worked out and if I exchange my alts back to BTC I'd have more BTC.

Diversifying is not only smart. It is usually more profitable. Get with the program.

I disagree that we both know that will happen. The only alts I own are mostly in the top 25 by market cap and few outliers that I like the concept of so I have faith in them. There's space for alts and master Bitcoin. I'm still HODLING some Bitcoin from 2014 when I got in so I love Bitcoin. I just love diversification and playing the game also it makes life more interesting.

Edit: Also if my alts keep gaining on BTC in terms of their exchange rate I may convert them all back to BTC only time will tell. I don't have an allegiance to one coin. I know many on here do and that's great, but that's not my style.

I'd agree. I think we are mostly on the same page except you like to stick more to BTC which is the more prudent thing to do.

We have to breakout of this descending pennant pattern. Also getting above 17,300 on stamp would be massively bullish.

If you panic now you might be selling at the bottom. Calm yourself. Go play outside. I don't care if it's dark.

BTC needs to reclaim and the 10 day moving average and show a green candle on the daily. That would do wonders for market confidence.

Possibly, but we've already had 5 red daily candles in a row time to turn green.

The price action at this moment is not looking so bullish though....

Welp bought a shit ton of BTC, BCH, LTC and ETH tonight hope it works out....

At least my ripple I bought a few weeks back at 25 cents is up over 400%

I know this link (https://blockchain.info/unconfirmed-transactions) shows total unconfirmed transactions...but does anyone have a link that shows a linear chart over time with the unconfirmed transactions?

Trying to get a feel for the trend. Although I know it's up in general would still like to see it...

No way. We still need to break above 16k on stamp to confirm. And even then I'd say don't call a breakout until new highs.

So the number of unconfirmed transactions was actually worse in June than it is now?

Depends on what down channel you are talking about.

The channel is a little rough to draw but the upper line is clear as day in my opinion. We need to get over that, but that won't be an easy task.

I don't think many traders/investors/HODLERS actually know what a like kind exchange is so I don't think this is the reason for the route.

You act like tax law is clear hear when it's definitely NOT.

Taking the position that these transactions qualify as a LKEs is an extremely aggressive position to take tax wise. I sure as hell wouldn't take it.

^^^yes yes everyone saying it's a legit loophole is going to be in for a beating once they realize they took an aggressive position without any basis to do so. Good luck to them, their back taxes and their prison buddies.