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I don't like this example.
Yes it should have been a surprise (if following the EMAs): the selloff is mostly what caused the crossing.
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Did that $1M wall at 127 from yesterday get eaten or pulled? Anyone catch that?
Apparently it got eaten. Completely. |
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One interesting part in those two last moves downward was that it wasn't stopped by buyers.
The resistance were broken one after another, but the sellers simply stopped selling.
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Hey, some brought $1000 per coin way before that!  |
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I also think curtains are for the criminals.
Those pesky women... they must have something to hide, otherwise they wouldn't need them.
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... but 15-20 is also possible.
Sorry, but this will not happen again. Because...? |
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I've been holding from $10 to $266, from $266 to $50, from $50 to $130. I'm not selling now  You could have doubled up on those coins several times already just by making a few well placed trades Or lost half... |
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Bitstamp is bullish, at $123.
The other exchanges haven't seemed as gullible as gox this morning. Yeah, who would sell, when we know it's going to da mooooon! |
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So unless it's between 9h and 17h, on a monday, 'murica time, it's manipulation?
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Its About Sharing, a seller don't care about the price he might produce if he can sell everything, without slippage.
Would a... oh I don't know... million dollar wall be enough to insure this?
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You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
Middle of the night? It was 5 am here and around 11 am in Europe. |
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From Reddit: http://www.reddit.com/r/Bitcoin/comments/1fiu48/beginning_to_worry_yet/- Beginning to worry yet? --This is what happens when the govt. scares the hell out of new investors. It doesn't help that the verification process to get on Mt. Gox takes was made more difficulty. --No worries, 115 is a strong support and it holds well. --June is bad for all investments. Go outside and spend some money. --Buy all the coins!!  --im holding for the longest time ------------  |
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I'll be busy laughing manically.
Now's the time? |
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As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
Finding the 2011 bottom took a loooooong time. It was a never ending excruciating winter. I suspect many newcommers will die in the process. |
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EPIC BEAR TRAP LOLz! |
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Can we expect to see waves of selloff?
"OMG look at the price!" *sends BTCs to exchange, sells*
Then other will see that...
"OMG look at the price!" *sends BTCs to exchange, sells*
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Oh, by the way... hourly EMAs crossed.  Anyhow, going to bed now. I'm eager to see how this will turn out! |
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Well after that big panic, there aught to be a lot of itchy trigger fingers with a lot of fiat just trying to break-even.
You think the panic is over? If this isn't a bull trap, looks like I called it. Neener neener! I don't think so. I'm a pessimist. |
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