Bitcoin going ballistic.

ronpaulfollower999 said:
Let us know how it goes. Never thought of doing it like that.
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will do. I set up the OKPAY with email only (they asked for phone number, but it can be fake).

Did the email validation with OKPAY and logged in. Their transfer fee is .5% max $2.99.

I got the OKPAY "wallet" id and plugged that in over at the Mt. Gox option.

Now Mt. Gox is validating, for the last 10 mins or so.
 
presence said:
newbitech

thoughts?

buy and hold 62.50 - > sell 82.50 over 1PM to 3PM EST btce

http://bitcoincharts.com/charts/btc...TMAzm1g8za2gEMAzm2g30zxzi1gMACDzi2gAroonOsczv
Click to expand...

well, over all, i'd say wait until Mt. Gox opens and buy the dip off that.

But if you want to day trade on this other platform, this is the chart setup I'd be using from this site.

http://bitcoincharts.com/charts/btc...g1zm2g5zxzi1gVolzi2gMACDzi3gRSIzi4gAccDistzps

Basically, I don't even think this market needs the advanced indicators. Volume and price levels and some basic trend/candlestick analysis work great.

Anyways, so looking at the hourly chart, you can see the reversal doji coming off the lows. Huge volume confirms the reversal candle.

So now kind of follow the volume trend for the next 2 hours. lighter and lighter volume. So the price creeps back up on weakness. If you notice, that coincides with the low from last nights sell off on huge volume. and pretty close to the low reached when mt gox shut down. So you are hitting powerful resistance at these levels.

Next, you can see the pattern is a downward wedge. This is bullish and that would be confirmed in the macro indicators i have displayed. As you cans see, the RSI is coming off oversold conditions, distribution has bottomed out, the macd is start to bend upwards so we are getting convergence, so you'll be getting a buy signal confirmation on that really soon.

Now, that being said, the big probably I have with thinking about putting in at these levels is 2 fold. 1.) Volume is very low so this is not conviction buying accept off the lows. I would have a bid in somewhere around the bottom bollinger band wich looks like around 70 if I was looking to get in. It is doubtful you'll see sub 70 price levels until we get some more accumulation.

2.) the resistance levels are pretty solid around 100 bucks. any light volume move into the 90+ range is going to get beaten back i believe.

So your really narrowed into a gap of about 70-90 bucks. To me it's not a great entry at all unless you really have a good reason to believe that the wedge pattern is legit and is going to confirm.

I don't because this exchange is light volume, and I don't think it will break the resistence stacked in between 90-100 ish.

You could narrow into a smaller time scale and run the same analysis, but I can already tell you from the 1 hour chart that 90 bucks is a selling price at this time, and more than likely the short spans are going to occillate around the 80 bucks level until we get some more volume.

And yeah looking at the 5 minute, macd is about to throw a sell signal. and you have a little bit of a symetrical triangle going on which is continuation of that higher volume down.

So if you want in, I'd set the level at something like$69-71 and hold it till about where it is now. But once you get in at that level, get out if it breaks below 60.
 
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cubical said:
Yes.. Never
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that's not really a buy point. Just sayin. If anything, this phenomenon has given everyone a chance to know what it's like to move real assets around in an unregulated free market.

I think for me so far, it has been worth the price of admission, which can be as little as 20 bucks, just to get a feel for what free market trading would be like.

So if you think of it that way, I think some of the skepticism has to come off a smidgen. Don't get me wrong, I am a total BTC critic, but at the same time I think it's only fair to take the small risk and get a sense for what its really about.

At least I can say, i've been there, done that.

You'll just be able to say "told ya so". Which, honestly, is worthy of criticism in and of itself.
 
theres your entry point right here if you want to day trade this until gox comes online. it'll probably be stuck in the 65-90 range, so try and get in around 67-69 and get out around 85-87, repeat repeat repeat until you see some major volume moves or trend reverse. Dont get caught on the wrong side!
 
Romulus said:
Ok who can't log into their blockchain wallet? I get a password error. Yay.
Click to expand...

Contact support immediately.

Have you received any e-mails about BTC payments sent somewhere or login info has changed?

Do you have two-factor authentication enabled?
 
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I'm not jumping out, but what is BTCPak Withdraw? Is it basically sent to a third party which then puts it in your Paypal?

Also, do you think stores are going to keep accepting Bitcoin for PM's if they are going to look value on btc?
 
My silver is still worth 3.5x what I paid for it. :cool:
I am holding long, very long, for my kids, or when SHTF.

Bitcoin just seems way to sketchy.. I need something something physical I can pile in stacks. :/

I hope not to many RPF people lost money on this bitcoin thing.
 
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