And $110 did hold. We are going down.  Edit: or not? Who's trolling me?  |
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Did the bid wall just vanish?
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Sure it doesn't...you just keep holding that bag all the way down, buddy.
How much is it to be in your bear team? |
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It's "DAN DAN DAAAAAANN!"   |
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If we bounce of 110 where do you think we will fall to? 97 was the low earlier.
Tan tan taaannn! The singularity is near! As others pointed out:  |
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Hold 110. For the love of god please please hold.  $110 seems to be a major short term resistance. I wouldn't be too worried. (Inb4 $115 trolling me) |
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Thank you! And can you tell us, as others including myself have asked, where did you get that Logarithmic chart? Was it built custom from Gox data?
IAS
http://bitcoincharts.com/charts/mtgoxUSDAnd you select "Log Scale". |
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 Buyer beware. You made a wedge that doesn't touch any candle extremities. |
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my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
You shouldn't let her without supervision. |
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When you look at the chart going back a few months, it is pretty clear that that symmetrical like triangle is a part of the uptrend and NOT recent downtrend. Also, since it is symmetrical, that would be a good omen coming out of a big upmove. But I agree with you, I don't know. Uptrend? Where? Oh you mean this:  C'mon, clearly a bubble!  Edit: And this, children, is why we use logarithmic charts. |
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Ok, $109 was tested in a totally anticlimatic way... we can go down now. |
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Buyers are still there, and true bears seem to be running quite low on ammo
Only 170 KBTC on the exchange! My God, they are almost out! |
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.. or red line is out of ammo.
Yeah, only 170 kBTC for sale on MtGox... |
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But my fellow bargain hunting buyers are like me, they hold their BTC.
So they don't have any money left to buy. Sell sell sell! |
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Looks like a bearish pennant.
Shouldn't the bottom line be straight to call it a bearish pennant? |
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If it doesn't, it's gonna explode! Kaboooom! |
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The community won't agree. It is clearly stated that anything touching the
21 millions limit wouldn't be considered Bitcoin anymore.
And if you want to do all this for PR reason, imagine the nightmare it would be to explain that
21 millions ---> 21 milliards wasn't inflation. If people can't grasp that bitcoins are divisible,
they are certainly not going to understand that moving the decimal point changes nothing.
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