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Title: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: stoto on June 02, 2013, 05:24:37 PM I hope, we have reached the bottom, at least the chart tells me that. Any guesses how much time it will take to recover?
https://dl.dropboxusercontent.com/u/1986074/btt/cash_out.png (chart from http://bitcoin.stoto.net/ ) Title: Re: Price recovery after the big cash-out Post by: fr33d0miz3r on June 02, 2013, 06:29:03 PM I hope, we have reached the bottom, at least the chart tells me that. Any guesses how much time it will take to recover? Don't worry, Monday is coming. Some people don't trade in weekends. The huge Panic Sell is coming. Mark my words. Title: Re: Price recovery after the big cash-out Post by: stoto on June 03, 2013, 07:15:15 AM I hope, we have reached the bottom, at least the chart tells me that. Any guesses how much time it will take to recover? Don't worry, Monday is coming. Some people don't trade in weekends. The huge Panic Sell is coming. Mark my words. Looks like you were right about the Monday panic sell, it's only 9am but it's starting. Evening will be a good time to by more coins? :) https://dl.dropboxusercontent.com/u/1986074/btt/psell1.png (Chart from: http://bitcoin.stoto.net ) https://dl.dropboxusercontent.com/u/1986074/btt/psell2.png (Chart from: http://bitcoin.stoto.net ) Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: BitPirate on June 03, 2013, 07:21:43 AM Doubt the bottom is here, but it's not far off; there are plenty of buyers.
As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down. I think they (the buyers) have a good strategy. Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: stoto on June 03, 2013, 07:26:47 AM Doubt the bottom is here, but it's not far off; there are plenty of buyers. As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down. I think they (the buyers) have a good strategy. Yesterday i received this from my trader friend, so much truth in it: http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: BitPirate on June 03, 2013, 07:31:02 AM Doubt the bottom is here, but it's not far off; there are plenty of buyers. As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down. I think they (the buyers) have a good strategy. Yesterday i received this from my trader friend, so much truth in it: http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png I'm running an exchange, I'm just saying what I'm seeing. :-) Anyway the point here is that it's impossible to call the bottom -- so buying on the way down and selling a little on the way up makes sense. Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: smoothie on June 03, 2013, 07:38:01 AM Doubt the bottom is here, but it's not far off; there are plenty of buyers. As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down. I think they (the buyers) have a good strategy. Yesterday i received this from my trader friend, so much truth in it: http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png +1 hahaha :D Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: bitwhizz on June 03, 2013, 08:01:46 AM Doubt the bottom is here, but it's not far off; there are plenty of buyers. As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down. I think they (the buyers) have a good strategy. Yesterday i received this from my trader friend, so much truth in it: http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png HAHA AMAZING! Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: fr33d0miz3r on June 03, 2013, 08:02:37 AM keep dreaming! The goal for today is $100 :P
Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: crazy_rabbit on June 03, 2013, 08:09:05 AM Cest' la vie. Bitcoin rises, Bitcoin falls. And we all speculate. :-)
Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: stoto on June 03, 2013, 11:00:31 AM Mayday mayday we are sinking again.
https://dl.dropboxusercontent.com/u/1986074/btt/down_the_road1.png (Chart from: http://bitcoin.stoto.net ) https://dl.dropboxusercontent.com/u/1986074/btt/down_the_road2.png (Chart from: http://bitcoin.stoto.net ) Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: crazy_rabbit on June 03, 2013, 02:44:13 PM I'm still waiting for all these new exchanges we've been promised!
Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: Saint! on June 03, 2013, 03:15:13 PM I'm still waiting for all these new exchanges we've been promised! Think thats the issue, aside from some manipulation over the weekend the volume has been quite low. ie no one to push the price back up following the drop. No one wants to use MtGox anymore so they're just waiting for a new exchange to pop up. Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: dandirk on June 03, 2013, 04:32:08 PM No one wants to use MtGox anymore so they're just waiting for a new exchange to pop up. I am sorry but BTC is speculative... there aren't many traders, who's business is to make money to not trade BTC because of MtGox... Well at least just on that single merit, more likely would be the bad news with Dwolla, Okpay... How about the shutdown and problems many exchanges have had... Sure some people may be waiting for better exchanges, but most probably just are passing and will come back if there is more news/hype (positive that is). Heck I trust my money 10x more on MtGox then on ANY new exchange unless deposits were FDIC secured. Bitfloor is just the most recent example... poof money gone... At least with MtGox you just have lag, your money is still there when its over. I personally think the corrections/crashes and bad news lately just scared away the big fish and a lot of monies supposedly in the pipe. Some may be holding long term, others could be looking for an exit like the one on Sunday. Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: stoto on June 04, 2013, 04:51:32 AM I'm still waiting for all these new exchanges we've been promised! Do you know www.bitstamp.net ? I used to trade there before and now (after) mtgox. Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: stoto on June 04, 2013, 05:01:43 AM Just a quick update. The forecasted monday's panic sell, wasn't that bad.
https://dl.dropboxusercontent.com/u/1986074/btt/all.png (Chart from: http://bitcoin.stoto.net ) https://dl.dropboxusercontent.com/u/1986074/btt/ema1.png (Chart from: http://bitcoin.stoto.net ) https://dl.dropboxusercontent.com/u/1986074/btt/ema2.png (Chart from: http://bitcoin.stoto.net ) Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: bernard75 on June 04, 2013, 08:44:28 AM Yesterday i received this from my trader friend, so much truth in it: Been there and done that. :)http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: wopwop on June 04, 2013, 08:52:59 AM Yesterday i received this from my trader friend, so much truth in it: Been there and done that. :)http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png there isn't Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: bernard75 on June 04, 2013, 09:31:28 AM Show me one chart of a real instrument that ever looked like that there isn't How about from the last 6h: https://i.imgur.com/bdyEYKU.png Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: stoto on June 04, 2013, 11:30:07 AM Show me one chart of a real instrument that ever looked like that there isn't Real instrument like EUR-USD? https://dl.dropboxusercontent.com/u/1986074/btt/eurusd.png Pic sent by my trader friend :) Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: apetersson on June 04, 2013, 11:33:33 AM https://i.imgur.com/byUd1fW.png
you know what follows next. mid-term bearish, long term super-bullish. Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: BitSmile on June 04, 2013, 02:15:40 PM you know what follows next. mid-term bearish, long term super-bullish. You mean long term hyper-bullish ;D Title: Re: Price recovery after the big cash-out (big price drop on Sunday morning) Post by: binaryFate on June 04, 2013, 02:17:49 PM Long-term trend shows only 50$ in November this year :o
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