|
Title: Estimate the true amount of resistence around 7-7.25 Post by: SaintFlow on January 11, 2012, 06:04:42 PM What would a prudent guess of the true resistence
@ 6.90 - 7.25 be like? 2-3 times visible amount? More ? Less ? If passing the resistence point fails again are we in for another round below 6? For me the market is really a bit hot now. Really would hate to burn my fingers. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: ineededausername on January 11, 2012, 06:07:27 PM There is a huge amount of resistance. That's great... it dampens the market and prohibits a bubble from forming, but when we break through it, we'll coast up to $9 :)
Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: zby on January 11, 2012, 06:07:35 PM What would a prudent guess of the true resistence @ 6.90 - 7.25 be like? 2-3 times visible amount? More ? Less ? If passing the resistence point fails again are we in for another round below 6? For me the market is really a bit hot now. Really would hate to burn my fingers. I was selling at 7.10 - 7.20 last time and I do not plan to do that this time. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: proudhon on January 11, 2012, 06:13:20 PM I don't know what the "true" resistance is, but I won't be selling either. I have sell orders placed higher, however, as I think we'll be punching through soon enough.
Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: StewartJ on January 11, 2012, 06:16:53 PM There is a huge amount of resistance. That's great... it dampens the market and prohibits a bubble from forming, but when we break through it, we'll coast up to $9 :) My indicators are pointing this way. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: StewartJ on January 11, 2012, 06:17:44 PM What would a prudent guess of the true resistence @ 6.90 - 7.25 be like? 2-3 times visible amount? More ? Less ? If passing the resistence point fails again are we in for another round below 6? For me the market is really a bit hot now. Really would hate to burn my fingers. I was selling at 7.10 - 7.20 last time and I do not plan to do that this time. Ditto. We are oozing resilience. I think the bulls are rearing to go. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: notme on January 11, 2012, 06:19:11 PM I find Chodpaba's graphs informative.
https://bitcointalk.org/index.php?topic=22685.920 And yes, I also believe we will be at $9 once we punch through the resistance at 7. 7-ate-9. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: SaintFlow on January 11, 2012, 07:03:39 PM So what do you think then?
Do we need 200k Dollar or more towards 500k Dollar to cross the zone? Ozing resilience...... ozing resilience...... bitcoin shure is. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: teflone on January 11, 2012, 07:07:37 PM I don't know what the "true" resistance is, but I won't be selling either. I have sell orders placed higher, however, as I think we'll be punching through soon enough. OMG!!!!!! Im investing heavily due to this comment... no joke.. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: zby on January 11, 2012, 07:08:09 PM So what do you think then? Do we need 200k Dollar or more towards 500k Dollar to cross the zone? Ozing resilience...... ozing resilience...... bitcoin shure is. Ha ha - only tell us when you do it! Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: ineededausername on January 11, 2012, 07:08:53 PM I don't know what the "true" resistance is, but I won't be selling either. I have sell orders placed higher, however, as I think we'll be punching through soon enough. OMG!!!!!! Im investing heavily due to this comment... no joke.. LOL... proudhon finally makes a definitively bullish statement. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: notme on January 11, 2012, 07:09:52 PM So what do you think then? Do we need 200k Dollar or more towards 500k Dollar to cross the zone? Ozing resilience...... ozing resilience...... bitcoin shure is. I believe the figure is closer to 1.5 million. It may take a few days, but when it happens you'll know. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: RodeoX on January 11, 2012, 07:31:23 PM I don't know what the "true" resistance is, but I won't be selling either. I have sell orders placed higher, however, as I think we'll be punching through soon enough. OMG!!!!!! Im investing heavily due to this comment... no joke.. LOL... proudhon finally makes a definitively bullish statement. OMG, up is down, black is white. What next, Edward becomes a bitcoin fanboy? Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: StewartJ on January 11, 2012, 07:43:48 PM I need a 1000 milligrams of Cautiousness to fight off this Bullish Contagion...
That and Jessi's Bitcoin Alert Tool. :) Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: notme on January 11, 2012, 07:50:36 PM I don't think saying it will take $1.5 million is overly bullish. I'm long, but I'm already in the black. I might help rebuke 7.2 if we move too quick and take my good profits instead of ridiculous profits. If we succeed, I can rebuy on the dip.
Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: cypherdoc on January 11, 2012, 07:53:40 PM What would a prudent guess of the true resistence @ 6.90 - 7.25 be like? 2-3 times visible amount? More ? Less ? If passing the resistence point fails again are we in for another round below 6? For me the market is really a bit hot now. Really would hate to burn my fingers. As I write this depth at $7.25 is about $156,000. I currently estimate that it would actually take closer to $400,000 to reach that level. this analysis assumes that the asks stay put in a ramp. they rarely do. depending on how fast and to what extent sellers pull down their orders we could be at $9 quickly and w/o much money required. it all depends on sentiment. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: StewartJ on January 11, 2012, 11:54:19 PM I don't know what the "true" resistance is, but I won't be selling either. I have sell orders placed higher, however, as I think we'll be punching through soon enough. OMG!!!!!! Im investing heavily due to this comment... no joke.. LOL... proudhon finally makes a definitively bullish statement. OMG, up is down, black is white. What next, Edward becomes a bitcoin fanboy? After that Nagel returns talking about how he only talked shit on Bitcoin for 5 months in order to buy sub $3 bitcoins and moves a couple coins out of his 30,000 coin address to prove it. Then our sun turns into a red giant. 30K Bitcoins.. holy cow! I would be happy with just one thousand. Oh well, slowly but surely, one digital crypto-nugget at a time. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: StewartJ on January 12, 2012, 12:08:33 AM Interesting Trading-in-range sort of day. We have been steady in the $6.90 range since early morning here, with one minor spike past $7.
Testing those $7.20 waters and coming back down. I like where we are. Still not holding btc over-night here, as per what has happened few times last week. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: notme on January 12, 2012, 12:09:56 AM Interesting Trading-in-range sort of day. We have been steady in the $6.90 range since early morning here, with one minor spike past $7. Testing those $7.20 waters and coming back down. I like where we are. Still not holding btc over-night here, as per what has happened few times last week. I'm sure people are happy to buy them from you at night and sell them back in the morning for more fiat ;). Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: StewartJ on January 12, 2012, 02:32:05 AM Interesting Trading-in-range sort of day. We have been steady in the $6.90 range since early morning here, with one minor spike past $7. Testing those $7.20 waters and coming back down. I like where we are. Still not holding btc over-night here, as per what has happened few times last week. I'm sure people are happy to buy them from you at night and sell them back in the morning for more fiat ;). Yes my gift to the BTC community, and I sleep easy too. Title: Re: Estimate the true amount of resistence around 7-7.25 Post by: notme on January 12, 2012, 08:42:38 AM What would a prudent guess of the true resistence @ 6.90 - 7.25 be like? 2-3 times visible amount? More ? Less ? If passing the resistence point fails again are we in for another round below 6? For me the market is really a bit hot now. Really would hate to burn my fingers. As I write this depth at $7.25 is about $156,000. I currently estimate that it would actually take closer to $400,000 to reach that level. We're at about $400,000 volume since this prediction.... Quite a bit of the wall has been eaten, but most of it is still there. It will be tough to punch through unless most of those asks are dropped. |