The Litepresence Report on Cryptocurrency

[presence]

Why do you think by the end of january, coins will be at a 40% loss?
Are you referring to the chinese business regulation?

See image in post 103 and 105.


Post bubble... price "tends" to return to what I like to call "the hive" which, in the case of BTC, is the long mean of 0.6% daily...


The slingshot effect after despair launches price to a parallel above the mean... I expect 30% loss to get us slowly back down to the long trend.



However Huobi (the market leader) is showing very bullish tendencies in the third tier of growth since despair with its "double top" tapping resistance.


This could be a wild card... it could push price to another tier of growth... it could also break us out to a double top of the whole 12h "china bubble".

 

[presence]

Huobi 4940


This is well beyond resistance; a significant breach of normalizing tendency at the mean post despair.



There is "new money"


????????

 

[lotsOfCake]

If this is what it looks like, and if i had to make a decision before a long chinese vacation, i would buy in. And I would buy in before the others buy in.

Also, the Zynga news.

Exciting times!

Also, yeah, I made entirely the wrong bets last night... lost a potential 4% gain from then until now :<

 

[presence]

 

[presence]

Time to go backwards in time and dig up a chart I posted a while back before the Christmas Crash.... lemme find it!

 

[presence]

 

[lotsOfCake]

So just heard rumors about Netflix considering BTC as a payment option. - Netflix being one of the best investments of 2013.

Major bull rush with new money ? How will monday markets open? :-D

 

[presence]

White dot is where we "are"


The most "normal" thing to happen would be to bypass E and G ...


and go directly from the white spot to F then H


By breaching resistance @ the white spot.... we're considering the run to "E".



"A double top"


I'm still not on board... 100%... I got burned banking on this unlikely possibility in April.

 

[lotsOfCake]

watching huobi. concave fail on 1m, but still looking strong on 5m 15m 30m
that's here: http://bitcoinwisdom.com/markets/huobi/btccny

 

[lotsOfCake]

presence, if we are going double top, whats your best guess to how high it goes before the drop ?

 

[btcltc]

See image in post 103 and 105.


Post bubble... price "tends" to return to what I like to call "the hive" which, in the case of BTC, is the long mean of 0.6% daily...


The slingshot effect after despair launches price to a parallel above the mean... I expect 30% loss to get us slowly back down to the long trend.



However Huobi (the market leader) is showing very bullish tendencies in the third tier of growth since despair with its "double top" tapping resistance.


This could be a wild card... it could push price to another tier of growth... it could also break us out to a double top of the whole 12h "china bubble".

OK..
i was thinking into depositing around 2500-3000 dollars into an altcoin till the end of january and try to earn me some dollars. Maybe ltc or nmc.
do you think its a bad idea?

 

[PaulConventionWV]

Presense I am pretty sure you are a genius and I will be following this closely,

question, when you go to fiat, do you cash out to your checking through Coinbase or just sit in dollars on BTC-e?

Probably the only way to day-trade with dollars would be on btc-e. You have to wait for about a week to get either your coins or your money when you use coinbase, whether you're buying or selling. Coinbase doesn't let you make orders, either. They make the orders for you and set the prices based on where the market is.

 

[PaulConventionWV]

OK..
i was thinking into depositing around 2500-3000 dollars into an altcoin till the end of january and try to earn me some dollars. Maybe ltc or nmc.
do you think its a bad idea?

If you want to be safe, it looks like you should wait until the end of January to buy in... but don't take my word for it. I'm new.

 

[presence]

 

[presence]

The 1m chart shows the "bull/bear" balance, in the here an now. It is a very good indicator of what will happen in the long chart in coming weeks. Right now, in the microcosm... on the tip of our last parabolic movement up... we've chosen to chart DOWN support... rather than UP resistance.


Bearish Signal overwhelms the earlier break of resistance in the "third tier", which it seems, will be reduced to no more than an over exuberant "final bull run"... the chinese market is crazy like that right now; nothing in moderation. Regardless they lead the dance... this is their bubble. Lead, follow, or get out of the way





I took NMC for a short gain of less than 1 %, after fees, in that volatility... makes up for similar sized losses the other day when I lost my internet connection at a bad time.




Now I get the hell out of the way of this coming train wreck!



fiat or cry

 

[muh_roads]

well... didn't break down... broke up to 7.7 level; I slept in open orders last night centered @ 6.1... Still holding fiat; oh well... no shame.


I don't chase green candles... so I'll just have to wait for another opportunity.



More on what may have "caused" this break upward in the post below:

I'm really annoyed at myself for playing that wrong. I should be playing NMC like I play BTC. Small ins and outs at a time. You had me convinced that 008 was the best we were going to see for a while.

I do agree with you that it has been too good for too long though. Oh well. Every day is a new opportunity.

 

[presence]

I'm really annoyed at myself for playing that wrong. I should be playing NMC like I play BTC. Small ins and outs at a time. You had me convinced that 008 was the best we were going to see for a while.

I do agree with you that it has been too good for too long though. Oh well. Every day is a new opportunity.

I'm quite intrigued myself... we're seeing a very bullish backside of a bubble...


At some point we must return to the mean... seems the path will be littered with very tall bull traps on the way down.


Lots of good short play to be had.

 

[presence]

gox and huobi


defying my expectations we are breaking out bullish again on the 5m in huobi

 

[presence]

Huobi 5000

 

[XTreat]

Probably the only way to day-trade with dollars would be on btc-e. You have to wait for about a week to get either your coins or your money when you use coinbase, whether you're buying or selling. Coinbase doesn't let you make orders, either. They make the orders for you and set the prices based on where the market is.

You can make your coinbase account instant by meeting enough criteria. I was actually asking how secure you think it is to leave money in BTC-e.