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[Daily Discussion] Wednesday, February 14, 2018

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40 thoughts on “[Daily Discussion] Wednesday, February 14, 2018

  1. Coingurrruu

    People in this sub are much more enlightened than the Cryptocurrency subreddit. I actually enjoy reading this sub. People put their educated thoughts and guesses that are backed up by analysis. People in the Cryptocurrency sub are like “ I ran into this dude named Johnny at Wawa… he said bitcoin was going to hit 50k by July. But Johnny didn’t order his sandwich with cheese… never trust a man who doesn’t put cheese on his sandwich” Thanks for everything guys!

    Reply
  2. Shishioo

    I will have to stop trading cryptocurrencies, losing way more money than just holding. Can’t predict this market for shit. Kudos to all of you who make profit trading though, I don’t know how you do it.

    Reply
  3. art_is_alive

    Drunk TA using phone as a napkin. https://imgur.com/a/2azhv
    I don’t really see anything that has compromised this pattern yet, only that longer term downward trend from 20k is looming in the not so distant future. Making too much money on this movement upward without trying, it’ll be hard to say goodbye to such predictability if and when it is gone, up or down..

    Reply
  4. Slurpgulpguzzle

    Billionaire Charles Munger said he detests Bitcoin and wouldn’t have anything to do with the digital currency.
    FUD to fuel the reversal? Billionaire bullshit—
    “I never considered for one second having anything to do with it. I detested it the moment it was raised,” Munger said Wednesday at the annual meeting for Daily Journal Corp. in Los Angeles. “It’s just disgusting. Bitcoin is noxious poison.”

    Reply
  5. STFTrophycase

    People are just hilariously bullish. The rate we were dropping was clearly unsustainable, and this “reversal” is more like reversion to the mean. Still expecting chop for the rest of Feb.

    Reply
  6. TheMooJuice

    *cracks knuckles, stretches neck, and gets in position to short*

    I think we are absolutely bullish on the longer timeframes but i feel like there should be a nice scalping opportunity to short during a healthy correction of this skyward trajectory soon.

    Reply
  7. Maxxit

    I’m gettin’ a craving for some of that 20k+ btc. There’s a slight whiff of it in the air blowing down to us here at 9k… sniff sniff… like cartoon pie on a windowsill… Mmmm going to be tasty.

    Reply
  8. codeverity

    I wonder how much of this is people who have been watching 9.3 and 9.5 carefully for signs of a reversal. I know many people on here have been, including myself.

    Reply
  9. MysteriousBarber

    We’re entering the capitulation phase of the bear market. Halfway to their maintenance level, the FUDsters start to get nervous. “B-but…muh TA…the trends…the Oracle…”

    Get ready to bust a fat nut through $10k and liquidate these obstructionists. Stay hydrated.

    Reply
  10. scrodiddles

    I’m short from 9480 and staying that way. I expect a decent pullback from here. Overbought on many timeframes and might have just jumped the leash on that blast through 9.5k. If we break 9.7 I’ll take the ride to 9.9.

    Edit: Meant Overbought. Am dumb guy.

    Reply
  11. NotMyFriends

    Everyone has been posting about the ATH of margin longs and ATH low number of shorts for days (or weeks?) causing a long squeeze to happen, and yet the price is skyrocketing.

    Reply

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