Dudes, can't you recognize manipulation? The bid sum has pretty much peaked, while the ask sum is artificially dropped, resulting in a price increase. When the high bids will be 'ripe', they will be 'harvested' IMO.
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We'll see if those buy walls are real or not. If they are real, then there are 7.3k BTC to dump down to 110, quite a tempting harvest.
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115 is unsustainable IMO. The correct price right now is about 113. I think a 'harvest' may come soon.
PS. The 115 level appears almost sustainable for now.
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115 just happened, so your prediction became true early! It's unsustainable IMO, but weird things can happen...
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Yes, that's telling me we should hit 110 very soon, it would be ridiculous to miss 110 from here. But the momentum from the push and the eating of the wall at 110 should translate into a second stage that rises up to 113 - 114 IMO.
As you can see from a previous post of mine, I was correct about the top, but I had to sell at the top while I was asleep so I chose a 'safe' strategy. What I'm seriously reconsidering is my sleep strategy, maybe I should go to bed earlier and wake up before 6 am (my local time).
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Maybe a third sub-sub-wave will hit 110, but I doubt it will eat the wall. Anyway, it's 3.30 am and I have to go to sleep, so I'll miss the action (if any).
nom nom nom Bummer! Why does this happen while I'm asleep, again? Can't stay awake 24h / day... I placed my sell order just below 110, thinking that would be the peak for yesterday. Oh well, what goes up comes down, eventually.
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Maybe a third sub-sub-wave will hit 110, but I doubt it will eat the wall. Anyway, it's 3.30 am and I have to go to sleep, so I'll miss the action (if any).
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Yes, that's telling me we should hit 110 very soon, it would be ridiculous to miss 110 from here. But the momentum from the push and the eating of the wall at 110 should translate into a second stage that rises up to 113 - 114 IMO.
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Price is going up very soon, unsure yet how much. New buy walls.
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IMO the market isn't following yet, and the whale buyer doesn't want it to follow. He depletes seller resistance, without triggering a full rally, thus optimizing his purchase cost. He'll only act when the market is about to buy his targeted coins. If the predicted price rises quickly to 110, then we'll see another whale buy. And it seems we are going there.
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I'm uncertain if what follows is a 3 $ rise in a mini-rally or a 8 $ rise in a full rally.
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I predict that chodpaba will revise the prediction to 120 -121, and I have a theory about how this can happen. Normally we should be in wave C of the corrective trend, when $ are withdrawn from the market, and we should have 5 downwards sub-waves. But on Fort Gox it happens the other way: each BTC withdrawal moves the price up, so maybe we are going to experience another 4 'downward' sub-waves, that actually move the price up by 3 - 4 $ each.
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SEC might be just doing the bidding of DHS. There is less than a month until the 12th anniversary of September 11 2001. Those crazy muslim terrorists may be preparing something, and DHS is trying to cut down money supply routes to potential terrorists. Unfortunately for the BTC community, BTC can be used to fund terrorism, and honest traders get caught in the middle. Just a theory of mine...
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BTC from Fort Gox have been dumped on other exchanges, but not enough to explain the missing BTC on Gox.
This (mini?) rally came too soon for me, I just initiated today another euro deposit to Bitstamp, I just hope to catch the next valley with it.
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What's worrying is that there's almost no resistance, if there were resistance we would see someone dumping into the 108 mini-wall. This could go up to 110 and beyond, remains to be seen how hungry the buying whales are. IMO the walls at 108 (eaten by now), 107 and 106 are there so they can be eaten before the next buy.
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Bad timing! I was expecting this only tomorrow, but today is even better.
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I'm sorry for trying to correct your wrong views, this has only resulted in more wrong views being expressed. This is not the right place to discuss Buddhism (well, true Buddhism aka Theravada).
@chodpaba: just a few words - ignorance means to view what is impermanent as permanent, unsatisfactory as satisfactory and not-self as self.
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Rejecting ambiguity is, according to Buddhism, the primordial error, and source of all unhappiness.
No, you have it wrong. The source of dukkha (suffering) is avijja (ignorance). It is explained in detail in 'Paticca-samuppada-vibhanga Sutta' (Analysis of Dependent Co-arising).
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If $ could be withdrawn from Fort Gox, then the price would go down sharply, maybe to the 50s. But it seems that the cash out of Gox is still buying BTC and selling to other exchanges, which adds some weirdness to the price formation. When funds leave Gox, the price - in Gox dollars - rises, instead of dropping. The current supply / demand ratio points towards a price of 106, and there are almost 3k BTC to buy till 106.
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Is there or is there not a leukaemia epidemic in Iraq that wasn't there 10 years ago?
DU is more likely to cause kidney damage than leukemia. The leukemia epidemic in that area and time frame is more likely related to the carcinogenic pollution from the burning oil wells in Kuwait (set ablaze by Iraqi troops at Saddam's order).
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