GOX!  YES! THIS MAKES SO MUCH SENSE! |
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Can people please stop calling things bear-traps and bull-traps? Its really getting on my nerves. A bear can easily profit from a bear-trap by selling at the top and buying at the bottom and a bull can easily profit from a bull-trap by buying at the bottom and selling at the top. So honestly the entire thing of "your just buying into a bull trap or selling into a bear trap" is ludicrous considering you can actually make money by being 'trapped.'
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But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.' Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one. Oh, ok. I still think that $57 will be the bottom though. |
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But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.' |
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So apparently walls don't crumble any more, they pick right up and move.
Awesome
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It's crazy Sunday  [/img] I wonder what will happen next... Maybe what both those overbought indicators indicate. yes the market has been very overbought, now is "oversold in short time". It will be interesting as the demand increases and if the wall will move higher. ..  So um, its supposed to be double bottom? |
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It's crazy Sunday  I wonder what will happen next... Maybe what both those overbought indicators indicate. |
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 The good thing is the world does not move in a linear way. So you're trying to draw a long term trend line to predict growth on a linear chart that doesn't either track the bottoms or the tops nor does it seem to be any weird average. ahhhh... |
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Courtesy of marvinrouge... I'm looking at the first red text bubble. That's right, people will be laughing at you a year from now   Think long term. Bears and bulls alike are often found guilty of tunnel vision. To be fair, it is also quite quiet. |
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Bitcoin has sent a little message to all the bears today:  Be warned bears, don't fuck with the Bitcoin.  uh not to be a party pooper but isn't that a bearish head and shoulders formation? |
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The US patent system is just as stupid as our tax system. But don't worry, just like the tax system having the law/patent in the books really doesn't mean jack shit. Its about who pays the most for lawyers more than anything else.
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Why is there all this selling going on in Bitstamp, its a lower price than gox anyway, its killing me.
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Yes, the guy who said "bitcoin will rise again... like the phoenix" was right... Except it turns out to be more like the honey badger. (I'm thinking of the clip where the honey badger eats the poisonous snake, passes out for a few minutes, then regains consciousness and just starts eating the snake again) http://youtu.be/4r7wHMg5Yjg?t=2m18sFolks, take a lesson from the people who held all the way from $32 to $2. Don't be like Frozenlock I'd rather be the guy that held all the way from $32 to $2 and up to $200 than be the guy who held from $32 to $30 and sold. |
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"It isn’t clear whether or not any of the Winklevoss’ own bitcoin investment will back the trust."
That seems like a rather important question to answer.
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Kazu, your lines do not show divergence.
I'm not looking to show divergence. I showed that we were in another down-swing indicatig that it is going to reach about ~$55.68. His chart (for whatever reason, I still don't really know how) indicated a bigger rebound off of that down-swing. |
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I can't believe a small sell wall at 70.00 is holding this upward trend at bay  Thats because everybody is freaking the fuck out and not buying... Not true. Daddy Loozik bought his coins at $66.666 yesterday. Then he visited his girlfriend and fucked her. He was NOT freaking the fuck out neither to buy nor to fuck  I think also that it's likely to bounce ("dead cat bounce" ) on oversold market.  But from 60's, or 50's ...?I still think rather around $ 55.  Apparently in the mid-50s (that awkward green arrow is to indicate where the reversal happens on the timeline since the stupid chart cut it off, how do you use that thing???) |
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Bitcoin will rise again like the phoneix
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I can't believe a small sell wall at 70.00 is holding this upward trend at bay Thats because everybody is freaking the fuck out and not buying... I bought.........a small amount  At $70? What the heck? |
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I can't believe a small sell wall at 70.00 is holding this upward trend at bay Thats because everybody is freaking the fuck out and not buying... Not true. Daddy Loozik bought his coins at $66.666 yesterday. Then he visited his girlfriend and fucked her. He was NOT freaking to fuck out neither to buy nor to fuck  Could you please tell me what the hell is diverging, and why does that indicate tend reversal? Moreover we are below the trend shown by your blue line, indicating a downward breakout, from a downward trend. Yea, thats pretty bad. |
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I can't believe a small sell wall at 70.00 is holding this upward trend at bay Thats because everybody is freaking the fuck out and not buying... |
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