Quote from: chessnut on April 21, 2014, 07:54:55 AM

Quote from: windjc on April 21, 2014, 07:49:08 AM

Quote from: chessnut on April 21, 2014, 07:43:16 AM

Quote from: windjc on April 21, 2014, 07:27:48 AM

Why is it so hard to see that the market doesn't know whether is bear or bull? We are inching up today on LESS volume than the move up yesterday.

At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.

At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.

you cannot base a trend on volume. bidders are bidding up but nobody wants to sell. bears need to watch out for some serious volatility between 500-600. an old trend is not your friend. this one is behaving bullish, and fundamentals are bullish. If it continues to play out as I am expecting, we will be at 580 soon.

Wow. To discount volume do so at your own peril. I didn't listen to my own advice at $470 and got my fingers clipped. This is Monday, most bullish day of the week and there is less volume than this weekend. Where are all these buyers??? We can't just go to 580+ without buyers.

You're just ASSUMING no one wants to sell. All I see is nobody wanting to miss out on the next train and pretty much everyone staring at each other. Meanwhile, Bitcoin continues to inflate daily with new coins hitting the exchanges.

Maybe the market will go up and make a new high. I know thats a possibility and I'm fine with it. However, this idea that is a certainty is just you being a cheerleader. It is the opposite of TA.

cool it man,
where are the sellers? Im not assuming nobody wants to sell, it's a fact. the price is high, and nobody is selling. nobody wants to sell. did I say it was a certainty? no. I am just thrilled that I haven't missed a cent from this bull run, and it is playing out as I expect.
the theme of the down trend has been 'china ban', but the 15th, and the 18th, and now today has come about, and everything is fine. classic. what's the worst that can happen? china is NOT going to ban bitcoin!

Really? China isn't going to ban exchanges? You know this? You know for a fact that no Chinese exchanges are going to close?

Ok. Well since you have a crystal ball to predict the future, you certainly have an advantage over me.

However, in my crystal-ball-less world, I think that China could certainly make capital flow into exchanges either more difficult or impossible and I think exchanges could close.