Its this that will make the next rally even bigger. This is ultimately why we climbed so fast in the first place. That and since everyone is yelling sell and crash that means it will go up. From my experience when everyone is on here with topics going RALLY RALLY RALLY we have a big drop right then.

so by all means... SELL SELL SELL

This is BIG NEWS! I will definitely be donating for that.

I still prefer your chart tool to any others Clark. It does occasionally bug up but im assuming thats because of issues from MTGox side for the msot part. Keep up the good work!

It would be awesome if you could program that into a secure downloadable bitcoin trading platform that integrates with MTGox API for those such as myself who cant be bothered to learn another type of programming. All you would have to do is integrate some buy sell orders with simple gui. I suggest this to you of course because you have the best chart website and if you could code this site you could easily code a nice trading platform.

26

I am surprised at how many 30+ there are.

Wait I clicked the wrong group. Forgot my more/less than sense for a while. You should provide an option to change your vote.

I think the 0.123 is someone trying to initiate rallys and selloffs by pushing a bot to its action point hoping for a domino effect. It seems to be working too.

That is very interesting... In the bottom picture it would appear we are in the infant stages of a long term impulse rally. One can really draw the lines from the moving average quite easily.

Also interesting on the graph is if you look at the bubble on the way up there was a period identical to what we can see going on right now. Long term we are definitely bullish.

Well then I guess we better get ready for a rally. I wonder what caused that to happen.

6.56 will also be a critical point on the way up. 2 x 1000BTC walls 1 penny apart are a lot of resistance to break through for such a small spread.

If we can break through this 1000 coin wall we might start heading up rapidly to 7 and beyond. This is the point where we  test the strength of this slow grind up.

With that quick rally to 6.89 seemingly out of nowhere does this signal a reversal to the current bullish trend or is it a sign of further correction?


Personally I think it is a sign when I wake up tomorrow we will see $7 bitcoin again.

+1

Once we get going again 7.20 will be no resistance. It will probably be passed in less than 5 seconds if the previous rally is any indicator.

Guess I was right even though I wish I wasnt. Lets rally back up everyone!

Since we didnt hit 6.45 we could be headed below 6.10 in the next short term drop.

I also took in elliot wave theory for the first time today and I was just about to say it looks like we are at the final wave of an impulse action and as I type this we hit 6.40 again. Heres hoping this takes us back up to 7. I am not claiming to be an expert but would be interesting if this could help me predict market moves.

[Edit]
We have to hit 6.45 for it to become an upwards impulse.

All of this at a level below what is visible on the graph. At the level of this graph it looks like we still might have some correcting to do but I hope I am wrong.

Thanks for the info I was just about to look up elliot waves to see what everyone else was talking about. I am on the first article so far and it looks to me like we are at C on the simple correction wave.

I think the bots are going to all be back online now and we should see movement sooner rather than later. Of course Im just speculating lol

Nice to see it working again. It looks like the rocket has been refueled and we will be going up to $8 tonight. I am questioning my hedge now.

Stealing my signature are you? I believe I own this statement lol.

Feel free to donate to my copyright fund below

Rather bullish sentiment from the poll. I would say that appears to be a good thing going forward.

IMO i think there should be an option for a 50/50 hedge.

I was watching the X-Files pilot yesterday and David Duchovney's hair looked exactly like georgios. If you don't believe me go look it up but I don't think its a coincidence. Either that or the show gets him to do it to make him look that much crazier.