Few large ask walls left. Big coin dump coming or they are throwing in the towel. Should be moving back up soon. Nice time to buy. I'm so confused. Ask walls pretty much gone. Almost no consolidation. Follow the next big buy.
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MtGox remaining in another jurisdiction than USA, bad news? How?
MtGox giving their usa/cnd clients to coinlab seems like a real bad deal for MtGox. No wonder they kept dragging their feet, that's an awful idea.
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Few large ask walls left. Big coin dump coming or they are throwing in the towel. Should be moving back up soon. Nice time to buy.
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Been playing around with the fit of the lines and come up with this, which is a bit modified from the chart I posted earlier. Hopefully it shows pretty clearly why I think the slope is how it is. Oh. Mah. Gawd. /thread
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Hold on to your pants guys...its gonna get crazy. Secretly, I hoped the pigs were right and we would bubble up again, but every day it looks more and more like this bubble is going to pop all the way...take profits while you can guys, it may be your last chance. 1yr chart, closing price *self updating* You got your animals mixed up. I'm surprised a 1 year chart wasn't able to accurately predict the future trades in the Bitcoin market. Who woulda thunk it. Bears you are welcome to buy back in at a higher price point, no one will look down on you.
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next target is @ 80
So it didn't hit 80, what did we learn? ...maybe give it more than 4 hours? Did you even look at his charts?
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We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
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BEAR... FUCKING.... TRAP smh
yeah.. this was nice to watch.. and now lagbot spamming 0.01 bids and asks.. hmzzz manipulation? The whole slide is manipulation. The aggressive asks walls trying to prevent a bounce back. Market starts trending up, 107, 108, 109. Spam exchange. Market sell 1000 BTC. Someone out there really doesn't enjoy a good rally.
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Someone mentioned they'd like to see 3d charts a while back so I had a try to see how they'd look. 2 hours ago:
Obviously, it's a work in progress. Thoughts?
Very cool. Keep posting them the 3-d view is interesting.
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next target is @ 80
So it didn't hit 80, what did we learn?
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0.1 bounty to the guy who drops 175k and destroys that dancing wall at 104 ;p
I got some of it. I believe you, PM me your address you win the bounty.
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0.1 bounty to the guy who drops 175k and destroys that dancing wall at 104 ;p
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Pretty sure this is another 0.01 DDoS?
I'd be pissed too. This bitch won't sink.
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These aren't downtrends. 40% drop in 7 days isn't a downtrend.
"trend" is simply a matter of timeframe Yeah Black Monday the Dow dropped 22%. They didn't call that a downtrend. We're down 26% today. Like I said, not a downtrend. People are buying *into* a crash.
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I don't know if it's bulls, new money, bitcoin fever, but I can't recall a time where people consistently bought into down trends, bought into coin dumps, bought into walls. Sure you can call it bull traps, but man there's a lot of bulls getting trapped, so much so the price is going back up.
thats pretty much the case in every downtrend and the reverse in every uptrend otherwise the price would go straight up or down vertically These aren't downtrends. 40% drop in 7 days isn't a downtrend.
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Come on someone, one more dump, only one I wouldn't be surprised to see those ask walls turn into market buys. We bottom to 91 and there's this many people buying it back to 104? People are still buying. A crash from 165 to 91 doesn't seem to concern them. That's got to be unsettling to the people trying to push the price down. I don't know if it's bulls, new money, bitcoin fever, but I can't recall a time where people consistently bought into down trends, bought into coin dumps, bought into walls. Sure you can call it bull traps, but man there's a lot of bulls getting trapped, so much so the price is going back up.
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sounds really dangerous to do this kind of thing...
i would expect that when Mr.M start pumping, he won't be able to buy back 1/3 of his stash. and there's a really good chance someone throws in a few million and totaly fuckes up his plan.
That's why we bounced so hard at $50. It was clear we weren’t going lower, everyone switched gears and started buying. If you underestimate the buying pressure, you're going to end up losing money. The crash today should have suckered in way more panic sellers. There's been so much volatility, people just aren't phased as much anymore. The thing to watch is the consolidation and aggressiveness of the ask walls. The big ask walls on the edge of a decline are to deter a bounce back and deter buying. Once the ask walls stop chasing the decline then we're probably at the bottom. Or the bulls make them run out of coins and then it's full rally time.
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