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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 26, 2014, 01:57:15 AM
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun. to 505 ! 505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up... Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine. Co-opting U.S. Federal Reserve Bond Purchasing system. Redirecting as U.S. Federal Reserve Bitcoin Purchasing system.
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363
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 26, 2014, 01:53:22 AM
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun. to 505 ! 505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up... Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine.
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367
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Economy / Speculation / Re: The "What should Chartbuddy do" poll
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on: August 25, 2014, 03:43:16 PM
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I think the Chartbuddy bot is a cool project. But may I ask of those who didn't create it, what value does Chartbuddy really add that cannot be found on a site like bitcoinity or bitcoinwisdom?
Historical price context to explain sentiment changes in the posts of the thread. It provides some correlation that can actually be studied with regards to sentiment vs price changes in a way that can be easily noticed.
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372
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Economy / Speculation / Re: Weekly MACD to turn green on next candle
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on: August 21, 2014, 03:52:40 AM
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I think it's entirely possible we could flash crash down as low as 420 within the next 2-3 weeks, ending the week of the crash above 540. It's also possible we could stay flat for 2-3 weeks. Either way, when we break above 685, we're on our way to a new ATH. I expect to revisit the last ATH in about 7 weeks, and be at our new ATH about 4 weeks after that.
You think that the market could handle going down to $420 and then charge right back up to a new ATH? If we go down to $420, then we will be looking for a new ATL for 2014. A price change of similar magnitude happened the week of 9/25/2013, after the weekly MACD turned green. It was the ultimate bear trap before the big rise. It sounds like such price action would likely pull you into the bear trap. I was completely wrong on the timeframe. We've been moving in slow motion up to this point. Change "weeks" to "months" and it was about right up to this point. I don't think it will be long before the next ATH.
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