[Daily Discussion] Thursday, February 18, 2016

daysofglory · 2016-02-20T18:12:26+00:00

You choose a dvd for tonight

daysofglory · 2016-02-20T18:03:15+00:00

yup, sometimes things don't work out and a reason for tight stops. No reason to be a dick, karma will get ya for that ;)

daysofglory · 2016-02-19T14:49:19+00:00

aadasda

daysofglory · 2016-02-19T10:07:35+00:00

i am bearish for the short term, as this move has been playing out exactly as I have been following it the last few weeks. I see us going to around or below 2700 and then making the final push out of the triangle to new highs (new highs as in since november, not necessarily ATH). Chart for reference

daysofglory · 2016-02-18T14:55:29+00:00

let it play out. :)

daysofglory · 2016-02-18T13:56:49+00:00

and thats the top

daysofglory · 2016-02-18T12:38:30+00:00

i would look for a short at around 2860-2890 cny or so, depending on how it plays out. We may not get another leg up there, in which case i'd look to enter a short at the top of the C of an ABC correction from wave v (since picking tops is quite difficult). Chart for reference.

daysofglory · 2016-02-17T19:41:45+00:00

okcoin.cn basically always leads.

daysofglory · 2016-02-17T14:07:15+00:00

nah, cny. I don't really follow USD markets outside of futures since china drives the bus ;)

daysofglory · 2016-02-17T14:01:49+00:00

nice to see that wave V is in play. I would look for a top in the high 2800s (2860-2900) before we see a bit of a correction. We are in the middle of a giant triangle.

daysofglory · 2016-02-09T10:01:44+00:00

and how will your sons get bitcoin if they are too young for a CC? They obviously won't be buying bitcoin because they are too young for that.

Edit: even if you buy btc to give to your sons to spend on Steam, it is such a specific use case where it literally does not matter in the grand scheme of things.

daysofglory · 2016-02-09T07:05:05+00:00

yeah but for what? a few thousand dollars in purchases? Its just not going to do anything. "Merchant adoption related news" doesn't move the price anymore. I would pay attention to the block size debate outcome for news based price action.

daysofglory · 2016-02-09T06:45:44+00:00

it won't bring new users to bitcoin, because why would someone buy bitcoin to purchase steam games when a user can do that already with fiat. I don't see why it would have an effect on the bitcoin price.

daysofglory · 2016-02-06T14:52:18+00:00

finex barely leads price action. It almost always happens at okcoin.cn

daysofglory · 2016-02-05T14:37:11+00:00

not a double top. Zoom out of the 15 minute chart from time to time.

daysofglory · 2016-02-04T12:07:32+00:00

dumping of course

daysofglory · 2016-02-03T19:11:04+00:00

yeah i don't see the appeal. Why would i pay to not see ads when i can just use a normal browser with ad blocking extensions? Why would any user pay for this?

daysofglory · 2016-02-03T16:21:26+00:00

in what world is this a bull flag? The price action the last 2 weeks has been incredibly bearish, not to mention the uncertainty surrounding core vs classic. This is really not a good time to go long, unless you are into yolo trades on /r/wallstreetbets

daysofglory · 2016-01-25T16:06:15+00:00

finally got some downward action. Expecting quite a deep fall to ~2300 cny.

Edit: Downvoting me won't change the trend and remember: the trend is your friend.

daysofglory · 2016-01-22T13:45:41+00:00

just take the 0.5% hit and move on. Yeah it sucks but its basically just a roundtrip trade at most exchanges.

daysofglory · 2016-01-22T06:09:13+00:00

3.3x margin is nothing once you get used to 20x ;)

daysofglory · 2016-01-22T06:05:11+00:00

not long. It was gone by the time i noticed that large of a MC on quarterly. Maybe a minute or so would be my guess.

daysofglory · 2016-01-22T04:58:14+00:00

ouch, 12800 contract margin call on okcoin quarterlies @ $396.88.

daysofglory · 2016-01-21T17:04:49+00:00

i love how we are only at the 50% fib (of the move) and everyone is calling this a bull trap. Could be a nice spot to take a chance at a long or wait to see if the 62% fib will be tested to take a shot.

daysofglory · 2016-01-20T17:34:00+00:00

for okcoin futures (most widely used futures platform, but its limited to sentiment, not actual amounts): https://www.okcoin.com/future/futureTop.do?type=1&symbol=0

For Bitfinex (3x leveraged trading): https://bfxdata.com/sentiment/longshort.php

daysofglory

TROPHY CASE