* samurai1200 chuckles at a chart without any scales. |
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Seriously, what does NOT fit the bill trap scenario? People have been saying this the entire time we've been going up.
A downtrend? |
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Not meaning to necro, but just wanted to make sure everyone got the latest update on this project. I've just recorded some new videos showing the desktop client in action.---------------------------------------------------------- INTRO: http://goo.gl/Ea6rzqSend/receive payment, invoicing, untraceable cash, namecoin integration, end-to-end encrypted messaging, etc. ---------------------------------------------------------- ADVANCED: http://goo.gl/i0J3AFMarket trading, decentralized bazaar, virtual corporations, smart contracts, legacy banking integration, etc. ---------------------------------------------------------- Also, the videos reference a couple of articles. Here are the links to those articles: Voting Pools: How to Stop the Plague of Bitcoin Heists, Thefts, Hacks, Scams, and Losseshttp://bitcoinism.blogspot.com/2013/12/voting-pools-how-to-stop-plague-of.htmlLex Cryptographiahttp://bitcoinism.blogspot.com/2013/12/lex-cryptographia.htmlWow. Just wow. Watching this space intently. |
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4 hour candles, how "short-term" are we talkin?
fair retort. i suppose "micro-term" is more appropriate here. i was responding to Bright in context, while assuming they were referring to the slide that just happened in response to the failure to break the resistance they mentioned. all i mean to say is this small move down doesn't strengthen the bearish case if the doji marks a micro-term bottom. we're still being held up by the mid-term support as long as we don't move any lower. hence why this fairly small price movement is very significant. --arepo got it, thanks for the explanation. in these times of high volatility, i think its fair to call a 1 day to 1 week time-frame 'short term.' |
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$830 is continuing to act as massive resistance. This is good news for the bearish case.
no dice. high-volume doji marks the short-term bottom:  we're still being held up by the mid-term moving support. --arepo 4 hour candles, how "short-term" are we talkin? |
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Alright, post-game analysis (today's game of testing $830 gox!): Looking at the charts for a minute or so today I couldn't figure out why ~$830 was the magic resistance number. Eventually there were 3 references I could find, one on high volume and two on low(er) volume.  The left-most point makes sense, there was huge volume there. The other two feel like hopeful aftershocks (one order of magnitude less volume each). I'm still a short-term bear, which really just means I'm making a lot of dumb and/or useless trades that are stressing me out. |
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So I looked this up as well. Google puts you in the wrong location when you search the address posted on alpha-t's site: 66 Dickenson Road
Manchester
M14 5HF
So, the bike shop next door has an address of 68-70 (googled "Bicycle Doctor Manchester"), and the sign for the accounting place next door says 64. So far so good. Their facade signage (and where the door is behind the roll-up gate) match too. So its probably a real address. I agree on the sentiment that these companies need to start finding manufacturing capital somewhere besides preorders with largely illegal refund conditions. Besides, if their product does what it claims, they shouldn't have an issue selling the newly ownerless devices... lest they shouldn't have begun manufacturing at all (due to difficulty increases). |
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good gawd you must have a lot of BTC if this was just for the sake of publicity. good on ya.
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Wait a minute, is this the one that was shipped to Missouri? If so, are you going to have it shipped to Thailand when you go back there?
Yes was shipped to mo. No not going to thailand when i go back next week. Wh... wuhhhhhh? So you bought a Lambo and won't be driving it? Was it a gift? |
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Gox 758. I think most of the resistance there is 775 (action from dec 6-8 and dec 16-17). Lines up with the wedge drawings from previous page of posts.
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Try number 2 for the price to break support at 630. Second chance?
My guess is a ping (bounce off resistance). Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580. http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi Guess was incorrect, whales took over. Now to test 700. I have a really hard time seeing a breakthrough here. But I could be wrong again, because whales. |
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Try number 2 for the price to break support at 630. Second chance?
My guess is a ping (bounce off resistance). Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580. http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi |
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Meh... I think bitcoin is pretty special too but every speculative bubble investment has a hoarde of robe wearing, chanting, tambourine waving converts. Bitcoin is no different. Also there will always be grumpy naysaying, conspiracy seeing bears too. But the ones who turn from group A to group B are by FAR the most intolerable thing imaginable. And to bring this post on topic: When you see the membership of group C starting to peak... We are finding a bottom. PS. Yeah… I know that's mostly bs up there, but I've seen it be true many times before.  If A = speculators and B = conspira-bears, who is group C? Converts? |
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if we continue to go down.
We are in hourly oversold right now on mega volume, decreasing rapidly. 3 hours of tapping the underside of $600. High chance of heading back down to retest *something*... I think $330 is too aggressive. To me $400 is more likely (mid-November pit-stop). $450 is certain. All prices gox. Next up, me eating my words. [edit] also, people, androids, sheep, this is an analysis thread. keep your petty e-arguments to PMs please. thanksies. |
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i wonder what do you think about big orders that follows prize and disappear suddenly.
they are put there by panicking whales that wish to push price in a certain direction. if you watch the "Wall Observer" threads, you'll notice there's a lot of talk about "vanishing walls"... |
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Amen!
I have to say that I did not expect so much support @ $700 gox. It's been nearly 24 hours.
Neither did I. And when it punched through to even lower than the initial dip I thought for sure the roller coaster was over the hill. I spouse it may still be... But btc has shown so many times a wacky resilience. Well as Brisance pointed out above, I was dumb for not expecting it (see December 7-9). (Not what he said, but I was  ) |
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Yes fair enough. I said "700" rather arbitrarily. Call it psychological support  Based on the bouncing off $680 on Dec 8/9, it looks like we might see 12-24 hours more of this whipsaw before the market makes a decision. |
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Amen!
I have to say that I did not expect so much support @ $700 gox. It's been nearly 24 hours.
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