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1021
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Economy / Speculation / Re: Its called a correction
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on: February 23, 2012, 09:51:37 PM
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That target is on chart 46 as well. But there's a bit of zigzagging above and below 5 before we reach that target. That's what the price is doing now.
thats what I figure too.. I made some decent money so far, cashed out and trying for another modest win  You sound like me EDIT: Did you get back in below $5? How much below?  |
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1022
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Economy / Speculation / Re: Investor Cycles & Emotions
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on: February 23, 2012, 09:51:11 PM
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Looks kind of like desperation
I thought about this. What if this is just one final rally attempt before a long crash down?   Denial.... Denial doesn't make prices rise from a ~3.80 low to over 5. Denial is people screaming it's just a correction, and that it will go up soon, while the price plummets further and further. Yeah denial was the fall from $7-$6 |
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1024
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Economy / Speculation / Re: RALLY!
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on: February 23, 2012, 09:38:34 PM
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The thing is, we've been below the 30 day average for a long time. Now it spiked above that which means that this rally could be far from over.
The thing is, it is still below the even more important 33 day average... down she goes for now |
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1025
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Economy / Speculation / Re: RALLY!
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on: February 23, 2012, 09:30:11 PM
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Well it does not take much BTC to "stall" a rally.
We are up $0.90 in the last 2 days. Bulls need to breath too. Also some bulls profit taking will help "stall" a rally. I know I did. |
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1026
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Economy / Speculation / Re: RALLY!
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on: February 23, 2012, 08:50:19 PM
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You're doing it wrong. There was no MACD crossover yet, as far as we know it can end in a formation looking like the one on 10th Feb on your chart - close, but no intersection. You need today's and probably tomorrow's candle closed to confirm the crossover.
But its only fun if afterwords I can quote myself saying it before it happened.  Besides, Im expecting a nice 18k BTC buy to "come out of nowhere" anytime now... Wtf, how did you know that? He IS the Manipulator! Except...he helped...  Achievement unlocked: Get accused of being the manipulator. This right here is why I post the chart early. |
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1030
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Economy / Speculation / Re: Investor Cycles & Emotions
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on: February 23, 2012, 08:18:51 PM
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I think desperation happened on Jan 18th followed quickly by some panic 19th and 20th. Capitulation was Feb 14th-ish and those rally threads are now a little bit of hope.  EDIT: Still think this looks like desperation? |
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1031
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Economy / Speculation / Re: RALLY!
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on: February 23, 2012, 08:12:42 PM
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You're doing it wrong. There was no MACD crossover yet, as far as we know it can end in a formation looking like the one on 10th Feb on your chart - close, but no intersection. You need today's and probably tomorrow's candle closed to confirm the crossover.
But its only fun if afterwords I can quote myself saying it before it happened. Besides, Im expecting a nice 18k BTC buy to "come out of nowhere" anytime now... |
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1034
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Other / Beginners & Help / Re: Reading Charts
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on: February 23, 2012, 02:05:46 PM
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The yellow line on the left of the screen represents the people who have offered their dollars for BTC, BIDS.
The blue line on the right of the screen represents the people who have offered thier BTC for dollars, ASKS.
The green line represents the current market price. Time moves top to bottom so the current price is the green line at the bottom.
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1039
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Economy / Speculation / Re: GOX and Bitcointalk was down - official FUD topic
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on: February 21, 2012, 05:03:01 PM
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Edit: This is really serious after so many negative news regarding bitcoin. Who knows there might be some grand conspiracy to bring bitcoin down without resorting to major technological warfare. So beware, people. Now, on “First they ignore you, then they laugh at you, then they fight you, then you win.” scale, bitcoin seems to be at "then they fight you" point.
Bitcoin isnt even close to the laughing stage yet. No one knows what Bitcoin is. |
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1040
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Economy / Speculation / Re: Its called a correction
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on: February 21, 2012, 04:55:56 PM
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I am also very happy with the frequent updates. I am having a bit of trouble weighing the different possible scenarios against each other. I wish the timescale and his expected probability of the scenario playing out was a little more plainly labeled
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