Quote from: Walrusbonzo on October 12, 2017, 09:57:07 AM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous 

Quote from: matt5cott on October 12, 2017, 13:27:47 PM

Quote from: Walrusbonzo on October 12, 2017, 09:57:07 AM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous 

(Image removed from quote.)

Aye, I saw on OKCoin someone had 1,600,000+ short contracts liquidated. 

Quote from: Walrusbonzo on October 12, 2017, 17:09:38 PM

Quote from: matt5cott on October 12, 2017, 13:27:47 PM

Quote from: Walrusbonzo on October 12, 2017, 09:57:07 AM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous 

(Image removed from quote.)

Aye, I saw on OKCoin someone had 1,600,000+ short contracts liquidated. 

Absolute carnage atm, good lord

Quote from: matt5cott on October 12, 2017, 17:42:22 PM

Quote from: Walrusbonzo on October 12, 2017, 17:09:38 PM

Quote from: matt5cott on October 12, 2017, 13:27:47 PM

Quote from: Walrusbonzo on October 12, 2017, 09:57:07 AM
Ding ding ding. New ATH is in.

$5219 on Bitfinex this morning.

The short burning on whalecalls today has been outrageous 

(Image removed from quote.)

Aye, I saw on OKCoin someone had 1,600,000+ short contracts liquidated. 

Absolute carnage atm, good lord

Sure is, but I'm out now. Had hoped for a dip to buy back in, but the fomo just continued 

Don't you have a % in HODL?

i still mine Eth.
Down to a 72hr turnaround for 1/20th.
Im finally in profit after my initial outlay.
Just holding/collecting for my summer holiday before caching in.

Quote from: matt5cott on October 12, 2017, 21:19:29 PM
Don't you have a % in HODL?

Nope, generally any bitcoin I have is in trade. I don't like loss, so unless I'm sure about its direction over night generally I will take profit. Never regret taking profit, always regret a loss.

Plus for much of the last 6 months, the two exchanges I've traded on have had a large price disparity. So I've alway been able to sell out on one and buy back cheaper later on on the other one. So in which case, no reason to hodl. It's only when there are are huge moves overnight like last night where it doesn't work.

Got some fine analysis coming up for you folks.

3 day MACD Chart for 2017.

I try to keep analysis simple, I look for easy patterns. I don't care much the real technical meaning behind it.

I put Bitcoin price action for the year in a somewhat obvious upward channel. Tops and bottoms seemingly perfectly in line.

Using the MACD indicator I have circled the starts of each period of "green" and the corresponding price point on the graph. As you can see, history this year shows that the start of a period of green for the MACD on a 3d graph is the start of a big run, with the peak coming 4~6 weeks later. The hope here is that the pattern repeats again and we touch the top of the channel again. This is around $6400 currently.

I have done similar on this graph, but using the StochRSI indicator.

As you can see, history shows that when the StochRSI is just below 80, the bull run has only started. The top is not in until we are near 100.

Let's hope history repeats again. Good luck.

But remember, we're talking 4~6 weeks for the potential top. We could definitely have some more bear action first.

So I'm not saying, put your house on it. This is just a possibility. There are others, which is why I also keep an eye on it and somewhat go along with the market at the time, even though i'm fairly sure we'll go much higher in weeks to come. Yes, you could say my trading style does not match my long term analysis, it doesn't. But that's me.  I like to play the swings and make more long the way, helps reduce risk while you're at it.

Matt, are you in any of the Telegram bitcoin trade groups? Whalepool or Whaleclub?

hmmm think I am in whalepool?
got linked to it via https://www.tradingview.com/symbols/BTCUSD/

Quote from: Walrusbonzo on October 13, 2017, 19:02:49 PM
Matt, are you in any of the Telegram bitcoin trade groups? Whalepool or Whaleclub?

Nah, being as I barely rank as a goldfish I just follow whalecalls on twitter

Dimon has slagged off Bitcoin again, maybe he's after another drop to up his position

Quote from: Walrusbonzo on October 13, 2017, 18:42:37 PM
We could definitely have some more bear action first.

Quote from: matt5cott on October 13, 2017, 20:49:01 PM

Quote from: Walrusbonzo on October 13, 2017, 19:02:49 PM
Matt, are you in any of the Telegram bitcoin trade groups? Whalepool or Whaleclub?

Nah, being as I barely rank as a goldfish I just follow whalecalls on twitter

Dimon has slagged off Bitcoin again, maybe he's after another drop to up his position

come and join us

https://t.me/whalepoolbtc

http://telegram.whaleclub.io