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No idea what happened to this post.
There is still upside towards 40$, which is still a mid term possibility - while short term BTUSD is in a down phase unless the allt ime high is exceeded. If this happens, BTCUSD may reach 40$.
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agree with you that the slowness of response is hurting bitcoin confidence if this continues. who will invest significant funds from now on, knowing that it might take 48 h or more to get any response, let alone the chance to withrwa funds quickly and not only in 1000$ increments.
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What 19$ barrier?
Back to the question about the 19$ mark: Now it will act as support for when a correction is underway. |
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Technical patterns can prove to be highly valuable for trading as the following excerpt from the exclusive subscription service shows:
The below projection was made on June 1st, while BTC/USD. I stated that the most likely next price target is 14$ and then the big target area 18-20$. We hit 19.3$ today. I have added the key two trendlines I saw at that day (in red), indicating the 18-22$ range.
http://bit.ly/mU7peO Thanks for the update S3052. You were spot on, indeed. I suppose you're telling your subscribers that since we're seeing resistance at the upper trendline, we may see a correction to the upper support line around $10. It's interesting that I would predict something similar by analyzing the price to difficulty ratio. We've previously seen the ratio pop to just over 3:1, which is about where we are now with price at $18 and a difficulty heading over 600,000. The last time that happened (which was very recently), we saw decline in the ratio to just below 2:1. The decline can take the form of a quick price correction, a price consolidation coupled with rise in difficulty, or somewhere in between. I see the same possibilites in a projection of your price trend channel. You tweeted that it may test $20. A breakout above $20 would seem crazy, if we weren't becoming used to bitcoin's ever-surprising upside by now. You wrote a while back that you've learned to be careful with trusting apparently correlated indicators, because they can often de-couple. For that reason, its good to see a purely technical analysis as well. |
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S3052, where can we sign up for your subscription service?
Any decision on posting your updates on Facebook?
You can sign up via sending a mail to S3052@gmx.ch and you will then receive instructions. |
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Thanks Drifter and error. I will look into posting on both, Facebook and Twitter in the next couple of days. |
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I am absolutely certain that AMD are investigating the spike in sales and making plans accordingly
agree with you, but they might develop a better product with some insights of experienced miners. .. called "customer or consumer research" |
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They should send their coins to the bitcoin faucet if they do not want them.
+1 this would be exactly the right action from the EFF |
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Good idea, has someone contacted AMD already?
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how many of these 100 trillion Z$ have been issued?
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Technical patterns can prove to be highly valuable for trading as the following excerpt from the exclusive subscription service shows:
The below projection was made on June 1st, while BTC/USD. I stated that the most likely next price target is 14$ and then the big target area 18-20$. We hit 19.3$ today. I have added the key two trendlines I saw at that day (in red), indicating the 18-22$ range.
http://bit.ly/mU7peO
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massive volume on up days, lousy volume on down days, which are over-the weekend when banks are closed and no more Paypal purchases. It's simple miner panic and an excellent buying opportunity. Mark my words, tomorrow the upward trend will continue.
Has there been any detailed analysis of weekday vs weekend trends? I did not try to analyze weekdays vs. weekend, because I rather believe in overall technical price patterns and Elliott waves, sentiment measures, etc. Those can be active at any given day be it weekdays or weekends. However, technical patterns can prove to be highly valuable for trading as the following excerpt from the exclusive subscription service shows:
The below projection was made on June 1st, while BTC/USD. I stated that the most likely next price target is 14$ and then the big target area 18-20$. We hit 19.3$ today. I have added the key two trendlines I saw at that day (in red), indicating the 18-22$ range.
http://bit.ly/mU7peO |
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Mt. Gox isn't going to get closed by the US government. At most if for some outlandish reason, transfers to and from Dwolla and bank accounts gets spanked, then this will be like poker websites, Suprnova.org, Napster, and the myriad of other examples where killing a centralized, popular "agent" of technology just increases the number of users drastically and creates 10 other entities that replace it.
Or transfers will just get slightly more annoying, such as there being another entity of some sort between Mt. Gox and people's bank accounts.
By the way, this is a US-centric discussion and Bitcoin is pretty darn diverse.
+1 |
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I thought MtGox is now located in Japan.
Do they have an US account?
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Perhaps people who donated to them should ask their bitcoins back from the EFF.
If they do not support bitcoin, they have no right to keep the BTC funds.
And, bitcoin do not need them at all, now with all the big buzz.
Just my few pearls of wisdom...
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