BITSTAMP:BTCUSD   Bitcoin / Dollar
Possible double bottom forming. If it goes above $274, buy and don't look back.
I already bought 100% back at the second dip at $257-$259
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Ouch. You called the market bottom 4 days ago at $320. Hope no one traded on your advice. Although mine isnt any better.
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MoonTrader CryptoReporter
I keep my Twitter followers up to date, so I let them know when I changed my mind. Ideas don't always work out, but sometimes you have to be able to tell when it's time to switch sides.
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CryptoReporter MoonTrader
I missed it but will follow! Nice to meet you. Well most of my ideas dont pan out. Still learning!
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MoonTrader CryptoReporter
No problem! I try not to embarrass myself, so you'll find that I don't post bad charts and then just leave them there.
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But definitely good luck to all. Lets hope the purge has finished!
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MoonTrader CryptoReporter
That's a pretty clear-cut double bottom there, so I would say it's time to buy.
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MoonTrader MoonTrader
I went long at $266.
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BitcoinGuru MoonTrader
no double bottom, this thing is going down, were in a bearmarket the worse is yet to come :)
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MoonTrader BitcoinGuru
What makes you say that?
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It broke 274 but remains in the wedge.
Are you still looking for lower?
Did user100000 say 133k as wave III target??
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MoonTrader johnrfraser
All that's required for a double bottom is that it breaks the neckline and remains above prior support, which it did. And why are you asking me about user 100000?
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UPDATE 5 January 2015:
Double bottom invalidated. Possible continuation to the downside. Market is volatile due to Bitstamp news.
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CryptoReporter MoonTrader
Its only 3am in Shanghai right now. Wonder how they will react to the bitstamp news. I think it really depends on if there are any Chinese using bitstamp.
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MoonTrader CryptoReporter
I doubt it. I still think Bitstamp will recover just fine, but it may be seen as a sign of weakness by some. It's not going to kill Bitstamp and I don't think it will hurt bitcoin's long-term prospects.
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BitWave PRO CryptoReporter
Bitcoin never sleeps
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johnrfraser MoonTrader
Yes. Starting to get very twitchy about these security breaches...and if I am, what must Joe Bloggs think??
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CryptoReporter MoonTrader
If compromised, someone else has the coins. If lost, thats a lot of coins off the table never to be seen again which would drive of bitcoin price. Right?
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CryptoReporter CryptoReporter
* drive up
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MoonTrader CryptoReporter
Not sure if it works like that. People have speculated as to that effect, but it hasn't been observed yet, notably with the Mt. Gox event.
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