Baltic Oil Terminals Share Discussion Threads

[kaos3] 06/2/2018 13:59

I am waiting for my new bitstamp account from sunday morning on. nothing yet

[tpaulbeaumont] 06/2/2018 13:42

btc and xrp bouncing from 5900 and 57.5 respectively, eth from no mans land :O

[hpcg] 06/2/2018 11:06

I see major support for XRP at 0. Thanks for the levels tp. It is reaching the point where I can't risk closing shorts in case I cannot put them back on. I was unable to add to my short ETH position this morning, though fortunately the range of instruments which trade together means there are still shorts to be had. BTC is probably the only long term trading vehicle in the space IMO.

[patientcapital] 06/2/2018 07:44

Fork!I'm reviewing my targets and expect a deeper correction. Sub 3k.

[tpaulbeaumont] 06/2/2018 03:06

as per #3718 there are a number of possible BTC support levels to see a decent tradable bounce, if it were a sensible tradeable market, however with such massive disparities in price data and wide margins of error its highly spivvy and too low confidence for my style :/

left on BTC theres
5900
4450
3950
3500
2525
1575

on ETH theres
610 (too close?)
532.5
470
367.5
287.5
255
210

on XRP (!) theres
60 (too close?)
57.5
42.5
35
20

[hpcg] 05/2/2018 14:49

I will certainly bounce on occasion on the way down, sometimes substantially. I could imagine a rally from 2000 to 4000, or 1000-2000 perhaps. At best a rally from 5000 would get back to 7500. The normal people who got encouraged in by the shills are just starting to get into the angry phase. There is only so many times someone can tell you to hodl whilst celebrating buying the dip without understanding that they have been had.

[patientcapital] 05/2/2018 14:22

Parity with FTSE beckons on way down. Bit different to parity with Dow on way up.

[random] 05/2/2018 14:18

5k? there's scant support till 1k (ok ... single support at 5k, but in a parabolic move)

[mcbeanburger] 05/2/2018 13:15

nah.

they have change the sec hearing to the 14th.that does change my view on the bottom now.

[mcbeanburger] 05/2/2018 13:02

i read 5k in more then a few places - so it won't happen.

we are close to a bounce here....

[chinahere] 05/2/2018 10:39

SODL - 'Sell Out for Dear Life'

[hpcg] 05/2/2018 10:23

Next leg down coming. The buy the dippers are close to par if they haven't sold already, and those that did have made a smaller term as no one wants to be left with the high priced bags. The narratives that one must hodl, be all in, and buy the dip, are of course mutually contradictory. Of all the money which has come out only a fraction goes back in. Those taken in by these coins as a new currency are a) deluded, and b) a small minority. The person on the street bought coins to turn them into a larger amount of conventional money; those using leverage don't have a choice with that objective. Those that bought at a dollar can smuggly wait till they are a dollar again safe in the knowledge they never sold out. Or they could cash in for that awful fiat and then buy them back when they are a dollar again. That's bitcoin, that can't apply to something like ripple which is just a bunch of useless tokens, which just grinds its way to zero as even the most stupid "investor" works this out.

[mcbeanburger] 05/2/2018 00:18

get long and be happy.

[hpcg] 04/2/2018 10:09

Funnily enough I checked Ripple trends this morning; could just be an overlay on the price chart. Across the spectrum even attempts to just recover price are failing, but there can be some excellent shorting opportunities when one instrument makes a break for it. Litecoin looks to be the anomalous strong mover of the past two days, and will thus have further to fall. Ether seems to have lost its relative strength.

[tpaulbeaumont] 04/2/2018 09:45

tpaulbeaumont 16 Jan '18 - 13:47 - 3623 of 3717 Edit
[...]btc and with double bottoms being rare theres useless model levels of possible support at 10550, 8750, 6000 and 3500

considering the different price feeds and massive margin of error needed here id say the 8750 came in at the 9k low and the next natural level down woulda been 7850 which accounts for the current bounce from 7625
just ran the old duffer thru the model again to consolidate all the possible support levels left and theres loads at 6850, 5900, 4450, 3950, 3500, 2525, 1575 etc etc :P

[tpaulbeaumont] 04/2/2018 09:08

tpaulbeaumont 19 Mar '13 - 16:10 - 27
wow, through 55 now opens up 80/82.5/85 :O

3 days later it lost over a third of its value from a high of 77, equivalent to 2500 FTSE points or $450 on an ounce of the shiny yellow barbarous relic :)

[hpcg] 02/2/2018 12:57

Looks like the dip buying has kicked in now. I have cashed out half my shorts with a view to reloading. This whipsawing is going to be killing anyone not experienced at trading.

[hpcg] 02/2/2018 12:07

tp - have you seen any HODLing going on? I've looked at the charts and for the life of me I can't spot the HODL.

[tpaulbeaumont] 02/2/2018 11:17

some home truths coming across the wires from Roubini, not a fan but its good to know he reads the thread ;)

[dennisbergkamp] 01/2/2018 18:11

@Skiddle ;-) - Soooo true!

D

[siddle] 01/2/2018 17:36

Yes my hairdresser was busy opening a Bitcoin account and advising others to buy when it approached $20k.Of course, I knew it was 2000 all over again and stayed away...