I call a rally to $20, leading up to CES!
The odds of seeing 6.4 is far greater then $20 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Well now that we have seen sub $6.4 $8 here we come!
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Remember...
Sell when everyone else is Buying....
Buy when everyone else is selling...
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I call a rally to $20, leading up to CES!
The odds of seeing 6.4 is far greater then $20 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Even if you're bearish, I don't know why you would sell immediately after a run like that.
I agree, that's weird. Sometimes when there's a big buy, a bot will do an equally big sell immediately after. I don't understand that strategy. This time the sell was relatively puny (~2600 btc sold after ~20k btc bought), and it was minutes afterward, so probably not a bot. [12:43] <bitcoinRT> Jan04 17:39:35 | Bid: 5.29 | Ask: 5.321 | Last: 5.32098 | Volume: 108690 [12:45] <bitcoinRT> Jan04 17:41:11 | Bid: 5.33847 | Ask: 5.7 | Last: 5.69619 | Volume: 125090 [12:46] <bitcoinRT> Jan04 17:42:43 | Bid: 5.6972 | Ask: 5.7 | Last: 5.7 | Volume: 127795 [12:49] <bitcoinRT> Jan04 17:45:47 | Bid: 5.39216 | Ask: 5.39327 | Last: 5.39664 | Volume: 130249 [12:51] <bitcoinRT> Jan04 17:47:20 | Bid: 5.39077 | Ask: 5.39327 | Last: 5.23 | Volume: 130462 [12:52] <bitcoinRT> Jan04 17:48:52 | Bid: 5.35035 | Ask: 5.39327 | Last: 5.39327 | Volume: 130700 I guess it may be "operator" error. He noticed large buy up to 5.70 and wanted to sell into it. Not realizing the spread is huge ....
*Eureka*. Just realized that these are bitcoinica stop or trailing stop orders placed to sell at a higher price. Stop orders become market orders when a target price is breached, so they just get dumped onto the thin bid depth after the upward spike. These sellers should use limit orders instead, or (if bitcoinica offered them) stop-limit orders. Shh... its a secret.
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I'm Back! What did I miss?
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can you picture $7 in 30mins?
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If you never sell then you never really have a profit.
Yup. A good practice is to scale in and scale out. For example: I closed 10% of my open positions today. On any significant declines, I'll probably add that back because my analysis suggests there's still room to rise. If I don't get the opportunity, I'll just continue to ride up with the other 90% of my holdings. Trading is counterintuitive to your emotions. Learn to love the sinking pit in your gut when things don't move your way (then buy) and grow wary of the elated sensation upon doubling, tripling or hitting a 10-bagger (and sell). If you keep at it, you'll develop your own trading style - short vs. long term, momentum chasing, etc. In general, you just have to heed and control your emotions. Best! Well said.
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Hey! I sold, albeit much higher than 5.80. Then I bought back at 5.73 once I knew it wasn't going to blow through the 5.72 resistance.
Ha! Sounds like it was you and I (and perhaps others?) jockeying for position to catch those falling bitcoinica coins at 5.723, 5.724, 5.725, etc. Better than playing any board game... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I will admit I added more to my reserves at 5.72001 5.73001 and even 5.8001 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Sometimes I can see accurate depth/price/technical charts in my dreams. No joke. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) you're sick man, sick. I have had lucid dreams of the bitcoin charts I watch. When you spend all day looking at bitcoin charts it gets into your sub conscience and plays out during your REM trip on natural DMT =) They say if you want to establish an out of body experience try some melatonin before bed. For me it makes me unable to get up! Yes it is a natural sleeping aid.
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Someone just put up a $50,000 buy wall at 5.44, and then took it down.
Seems someone can't type and run bots at same time.
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i've mounted a small monitor on the ceiling directly above my bed @ a 45 degree angle down toward my feet so that i don't have to roll over or open my eyes fully.
this is in addition to my Android just in case it runs out of charge.
Later that night. Late night news reports of a man in mid 30s found dead in his downtown condo. The Coroner's Report suggests that the subject had suffered from a blunt force trauma to the head. When questioned by the reporter as to how a freak accident like that could happen. The coroner replied, "I believed the cause of death had something to do with the 19" monitor protruding from the subject’s prefrontal cortex"... And there you have it folks! An unsuspecting Bitcoin "day trader" gets first hand evidence as to why Bitcoin's are hazardous to your health didn't i tell u i have it angled 45 degrees down toward my feet so i don't have to lift my eyelids more than 45 degrees. a disastrous plunge of the monitor just misses my feet by 6 inches. i've measured it out. Update on the "Bitcoin Day trader" story. CRAZED WIFE KILLS SLEEPING HUSBAND WITH TV! When questioned as to what had driven her to such action, with a sense of satisfaction she replied that she could not take anymore sleepless nights! "I told him that Bitcoins would be the death of him.” she said, "Since the price of Bitcoin was rising my husband was even more crazed then ever! “I will stick with this future Tech” as he put it. That’s why I made it look like the monitor accidently fell on his head!" ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) to be honest I was contemplating doing something very similar in my study.
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i've mounted a small monitor on the ceiling directly above my bed @ a 45 degree angle down toward my feet so that i don't have to roll over or open my eyes fully.
this is in addition to my Android just in case it runs out of charge.
Later that night. Late night news reports of a man in mid 30s found dead in his downtown condo. The Coroner's Report suggests that the subject had suffered from a blunt force trauma to the head. When questioned by the reporter as to how a freak accident like that could happen. The coroner replied, "I believed the cause of death had something to do with the 19" monitor protruding from the subject’s prefrontal cortex"... And there you have it folks! An unsuspecting Bitcoin "day trader" gets first hand evidence as to why Bitcoin's are hazardous to your health!
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The act of buying up all available resources is a tried, tested, and true strategy.
At first the seller is left with optimism “Wicked let’s buy back at lower rates”. Rinse repeat, Right?
This is because the “buy low sell high” strategy works well if you do not have to contend with "new blood” entering the market.
However if new players have deep pockets and a need to acquire some traction on their reserves, those that "cashed in" their winnings, will find it costly to get back in at a later time.
I just hope that these new players are introducing a new startup services that will primarily use Bitcoins for their transactions.
Perhaps this recent uptrend is a precursor to the padding of their Bitcoin reserves. This in turn will help mitigate the potential flood of demand that their new enterprise will bring.
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There seems to be a push to the up. Could be because of many pro factors.
However the real question should be, how many of us "early" adopters will ride out the wave to the new plateau before hedging their "bets"?
What are your thoughts on this?
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Bitcoin Sentiment Indicator hits All Time High!
Well I fully expect that the tide will keep going out for the foreseeable future. This volcanic eruption of new adoption and optimism has put Bitcoin valuations back up. However can this maintain the critical mass needed to keep bitcoins value above the previous lows?
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The lows have been tested.
it seems that we have some interesting times ahead.
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Get them while their HOT HOT! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Ready for the wave to go back to 5.5?
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These buy/sell transactions on MtGox is like watching the waves at the beach.
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