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Just watch the charts, they suggest a large drop very soon.
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They couldn't have chosen a worse moment for updating hardware and reinstalling software.  |
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This few days of consolidation couldn't be more normal. Even if I had a crystal ball and knew for sure the price would go past the all-time high within the next two weeks, I still would expect a consolidation during these few days. Simply continuing up at the rate we were going would've been insane. So there's so far zero evidence the bull move of the past few weeks is over. Consolidation is exactly what we'd expect if the run-up is to continue. My guess is we're going up, probably within a week.
No, there are no more sub-sub-waves available for 'consolidation'. The conditions for a large drop will be met in about an hour (maybe more, maybe less, it depends on volume). |
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The drop happened, but for now it's small, despite multiple indicators of a possible crash.
So I got adventurous and bought some. IMO there is some room to go up a bit, before dropping a lot.
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Yes, it's difficult, and the knife is about to fall anytime. So stop posting and look at the market. So will I.
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This rally was underwhelming on Gox, it started fast, and then lost momentum.
On China it was the other way, it started slow, then climbed nicely. And now let's prepare for a drop.
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Well, movement going up is definitely going to start, since we already had the first sub-sub-sub-wave.
Two more to go till the top. The unknown is how much back and forth it will be.
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What's the point of that little movie?
We probably have about 30 minutes until it starts, if it starts.
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Will this start with a dump? That would be strange...
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China also seems ready to shoot up. Let's hope we won't be disappointed.
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Oh no, I shouldn't have posted the warning, now I'll have a lot of competition!
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Drum roll for a possible tug of war (or not, I'm not sure). And if so, plenty of volume.
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Looks like the 175$ wall will be tested soon. China is ahead this time, dropping hard.
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Maybe Bitstamp has decoupled from Gox and it's really on par. That could be good news for those wanting to cash out of Gox.
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If someone would want to sell 100k we'd see a huge drop. This is just normal market behavior, with rather low seller pressure (for now, it may pick up).
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The day to remind today is June 24th.
English, please? The start of capitulation in June. Big difference: in June we had high seller pressure, now we don't. |
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This low volume is boring me to death. Drum rolls for phase 3.  Phase 3 of the drop started, as predicted, but has yet not gained momentum. Low volume, due to low seller pressure. Phase 3 could take another day at this rate. And then we go up again. |
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It's really quiet in china today... Probably not a good sign
It's the best sign possible. Going up would be bad, going down would be bad. Only jumping around in a tight range would be equal, but quiet is just as good. We need to take a breather, and being able to do it without having to go down is slightly better than going down and up again. You don't seem to understand where we are. Right now we are going down, but with limited seller pressure (for now) this drop is lame. And then we go up again, possibly with a nice fast rally (or two), and then we crash again. |
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That picture is fake. The real numbers were 20M$ lower and 20k BTC higher.
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China good morning. Show us the way, please. We are kind of lost.  On the contrary, China has been constantly lagging behind Gox, only 'synchronizing' on larger price drops. |
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