http://www.youtube.com/watch?v=eFUGuGfjQkktheir running our of money, talking about default, and now they retroactively pay people to stay home, wow the logic is profound! whats a dollar worth if you don't have to work for it?
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Cant say I've ever found a use for bitcoin aside from buying illegal substances...
Which is why I just like to trade it.
lol, what a noob. |
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lol a flashcrash confirming a lower trendline? Is this some kind of bad joke?
It is what it is What this is is lines on a chart. Not TA. i'll take lines on a chart over emotionally bear talk, anyday. At least emotional talk can be funny. Lines on a chart is just too common. lol a flashcrash confirming a lower trendline? Is this some kind of bad joke?
It is what it is What this is is lines on a chart. Not TA. Not sure I follow, why does it seem like a joke ? The slope is well defined from a trend which goes back months in time to before the bubble peak. The flash crash as you call it, could have fallen to any level above or below where it did, however it fell to the exact same line on my lower channel creating a second touch point. This could be co-incidence to some, to me this is a good confirmation of the new slope of the trendline. It is a bullish trend line. The other trend lines above on my chart have many touch points which gives me confidence in the slope. If you are here to attack technical analysis I suggest you wasting your time, this is the speculation forum. I thought there'd be more bears here though. Have you noticed how all the bitcoin bears are ripple fanatics ? A flashcrash is not effected significantly by a support level for obvious reasons (Bids dont get the chance to fill in. The SOLE reason for the price to stop falling is that selling has stopped) Support is BUYING pressure. Not a lack of selling pressure. Imagine one more person offloading 5k stash. Now the low would be ~105, slightly below the trend. Or one less person, slightly above. The fact it ended very near this line is nothing but coincidence. prediction: there will be over 10K coins sold in the next 24 hours, and price will move up. |
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lol a flashcrash confirming a lower trendline? Is this some kind of bad joke?
It is what it is What this is is lines on a chart. Not TA. i'll take lines on a chart over emotionally bear talk, anyday. |
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Are you serious when stating 'a break out is imminent'?
IMO a significant drop can start in 1 - 2 days, to end the first sub-wave of wave B.
180 by friday. infinity by the 17th  |
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A rational person doesn't need TA to know that we are clearly in a bear market since the 5th September.
It's a funny one, with limited seller pressure, due to the relative scarcity of the coins and also a bullish mood.
So some of you may have trouble recognizing the EW patterns, but they are there.
The gist of the issue raised by EM is what will happen after the 5th sub-wave of capitulation?
Will the price be in the 80$ - 90$ range and a new bubble period will form, or will the bubble
deflate completely and the price will reach 50s, maybe even 40s? IMO it depends on how many
of the 'missing' coins will reappear in the market during capitulation, with the intention of cashing out.
But cashing out of Gox is still a problem AFAIK, so as long as Fort Gox 'works' this way, the complete
deflation scenario seems unlikely to me. During capitulation the price should drop by about 50$,
IMO only if if drops a lot more, then EM's scenario could be close to the truth.
There is resistance at the level you describe, but very little chance we'll go below $100 any time soon. I predict we'll break up through that resistance around end of November time, until then yes price will meander sideways, maybe looking slightly bearish at times. what no, bitcoin is obviously a raging bull and a break out is imminent. |
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As most of the world knows the US democratic and republican party, are putting on a really good show, and have shut down a good part of the US federal government. I've heard that when the US is putting on a show with its right hand, you should look at what its left hand is doing... so what is it that they are trying so hard to make everyone not notice, the war in syria? it would seem the effects of the Government Shutdown on the bitcoin market as well as other markets is negligible, why do you think this is, i would think watching the US government in such turmoil would shake even more confidence from the USD. |
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bitcointalk is back!! buy buy buy! |
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CaVirtex you will see the money in your bank very fast
mtgox not so much.... it could easily take months using mtgox.
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its hard not watch.
Like a car crash... cant get any work done  |
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Send all your bitcoin to MTGOX.COM You can redeem your paper wallets at MTGOX.COM you get the best price at MTGOX.COM  |
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ide also like to say that the jump from 110 to 125 is a bull trap to the max. please be carefull. im a bull but i know that this is a total bull trap and it will go down to 100 by days end. well i feel strongly that it will. i dont know anything.
got one thing right. |
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sold high? Goooood! now buy low  |
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Decentralized, P2P...one website closure tanks the price..
irony
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Am I the only one amazed that no one on here openly admits to be holding during these drops?
Holding. yea i'm holding also... holding dollars holding some of that too |
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