Quote from: r0ach on April 14, 2017, 01:54:20 PM

I would probably just buy some litecoin rather than shorting bitcoin though, as it seems Litecoin will probably make another move.

As for what's going on at Bitfinex:

This market is flat out fraud. $30 spread between Finex and Bitstamp. Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox. Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price? Because Bitfinex probably isn't even using real money, just imaginary exchange digits.

I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.

r0ach does it again eh?

Announces his stunning gains in Litecoin, AFTER the fact.

Can't say that I disagree with you regarding Finex, but your new found continued saltiness towards Bitcoin and that exchange in particular, where you definitely didn't lose a single penny, cos you are too smart, or something, has been noted! Cheesy

Bitcoin has run it's course for now imo, more or less.......

Quote from: r0ach on April 14, 2017, 01:54:20 PM

Your didn't use a good chart to show what's going on. You made things entirely too complicated when all you need to know is that bitcoin formed a down channel and is currently at the top of that channel and can probably only go down form here:

Your chart just shows a short term trend on LTF. Trend channels are there to be breached.

You do understand things like divergence between momentum indicators and price, and M and W market structure in both, and what they entail? My chart couldn't be more clear and it isn't a 4 hour chart, or even a Daily chart. It is a fucking weekly! The larger the time frame of a chart, the more accurate TA is likely to be. Weekly charts are not for day traders though.

On the subject of long term charts, here are a couple of whoppers:

Gold is such a long term no brainer right now. Looks set to break out into long term bull trend probs in around 8 months time. Wonder how that will align with global geo political events?