hamm3r



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Sr. MemberActivity: 245Merit: 250 Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine April 15, 2014, 01:27:22 PM #18181 Quote from: que91 on April 15, 2014, 01:20:30 PM

Why THE F*CK does it always drop when I give a buy order

Probably you're just playing their game. They have been playing with the coin since this morning. It moves from33-40 to 29-33 for a bit, then relocates to 25-20, then moves up again. Noob traders will likely buy around 30 and then sell around 23 thinking they can buy in cheaper... Well.. Think again ;-) It's the wales game atm. Probably you're just playing their game. They have been playing with the coin since this morning. It moves from33-40 to 29-33 for a bit, then relocates to 25-20, then moves up again. Noob traders will likely buy around 30 and then sell around 23 thinking they can buy in cheaper... Well.. Think again ;-) It's the wales game atm.

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Jesse Livermore



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Sr. MemberActivity: 462Merit: 250 Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine April 15, 2014, 01:40:05 PM #18197 Quote from: Jesse Livermore on April 15, 2014, 05:00:36 AM Quote from: Jesse Livermore on April 14, 2014, 11:48:25 PM High volume low at 55k has now been resolved. Off we go...consolidate...new highs....etc







This is where we stand. The top chart shows the high-volume spike down (circled in red) was resolved by the lower-volume re-test. That re-test itself (reaching 46k) also had a relatively high spike in volume, so that could be a re-test target... though it comes with low probability of happening.

The bottom chart shows a longer view of where we are at now. We had a high volume spike up created with a lower volume pullback followed by two relatively low volume bounce-backs, hence the high volume spike up at 94.5k is the target now assuming we don't get continuous high volume selloffs. So far it seems as though the selloffs are one-off events done by short-term trading 'whales' trying to spook coins loose from weaker hands but to little avail.



Low-volume consolidation for a day or two would be beautiful here overall.



JL



This is where we stand. The top chart shows the high-volume spike down (circled in red) was resolved by the lower-volume re-test. That re-test itself (reaching 46k) also had a relatively high spike in volume, so that could be a re-test target... though it comes with low probability of happening.The bottom chart shows a longer view of where we are at now. We had a high volume spike up created with a lower volume pullback followed by two relatively low volume bounce-backs, hence the high volume spike up at 94.5k is the target now assuming we don't get continuous high volume selloffs. So far it seems as though the selloffs are one-off events done by short-term trading 'whales' trying to spook coins loose from weaker hands but to little avail.Low-volume consolidation for a day or two would be beautiful here overall.JL

46k re-test turned into a capitulation sell panic it looks like. We just got a re-test of that low on low volume. We are now at 30k'ish.

Fundamentals haven't changed on this crypto. Pool remains large. 94.5k remains open for a re-test. I think we have much larger targets in view now though (potentially 800k+).



JL 46k re-test turned into a capitulation sell panic it looks like. We just got a re-test of that low on low volume. We are now at 30k'ish.Fundamentals haven't changed on this crypto. Pool remains large. 94.5k remains open for a re-test. I think we have much larger targets in view now though (potentially 800k+).JL I own a DASH Masternode.... And you should too.