Bitcoin Forum

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no

Some people get nervous.

Have you sold?

This is a new and exciting thread. 

What is exciting in such a lame parody?  And what is new in this kind of caricature after the first 3 attempts?

Thanks - I improved my post :)

I doubt that - I think you are long with a huge leverage and afraid that people start selling.

There is no science in chart reading.  People like to pretend there is of course.  I'm off to rub my Elliot Waves.

I was being sarcastic  ;)

Probably. BUT. Control purchasing \sale is necessary. It is better to close all positions on Bitcoinica. 50\50.

http://i2.imageban.ru/out/2012/01/13/7d226cb68ce84f845b906da7d020597e.jpg

I don't know about you guys, but I only take financial advice if the sentence starts with 'Oh noes !!'

I agree with the OP. After the attempt at a triple ramp failed we are now seeing a strong rectangle pattern emerge. A rectangle is something we don't usually see, it's very rare. This means that impending doom is imminent, immediately.

:D

Next time you are going to sell based on the "science" of predicting the future let me know. I have made a lot of BTC from panic sellers. I say that because predicting what that ticker is going to do next is not possible. You can guess, and since it is a binary choice you will likely be right 50% of the time.
Even among professional financial analysts the statistics are appalling. Few ever do better than chance. That's a fact.   

The real financial professionals masquerade as journalists on the nightly news.  They're always 100% accurate, as hindsight is 20/20.  Recently they just keep repeating the following three phrases:

- The market fell on European debt fears
- The market was buoyed by better than expected employment/housing/manufacturing figures
- The market rose as European debt fears eased

As the price has fallen over the past few days, the total volume of bids as measured in USD has grown.  Bids are almost at $1.1 million (~$2,000 shy as I type this).  My hunch is that lots of the sellers are immediately using their newly gotten USD to place bids where they think the price is going.  The tricky thing is that enough people doing this could prompt price movement in the other direction.

Thanks for the Tip , i already sold a while ago , I'm just waiting for the right time to buy again :D

I've sold some too, but I'm getting an itchy buy finger.

I'm still holding on for dear life... if it drops to 4 I'm still making a profit... so, meh  :D

we are not going anywhere

sell if you must sell, but don't panic

i think with 6-7 range we've reached exchange rate equilibrium for now

below 6 is unsustainable, support will drive it back above 6.    
above 7 is good for miners to cash out their profits so they will drive it back below 7

big order obviously can move market but it will balance itself back to current trading range because everyone is wiser now with their money

I'm off to rub off to elliot waves...and augers spilling bird entrials...

I only take seriously alerts from people who post screencaps of trading software.

Again, there's been quite a lot of selling activity in the past few hours (for a low volume day, anyway) and the money on the bid side is still at $1.1 million.

It's been quite the standoff the last few days, hasn't it? As an aside, is it just me, or does the average price seem to be converging on 6.66?

I TRUST NO-ONE