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Well, don't get me wrong, but only original thing I have seen is Ripple XRP, all other "alternate" currencies are clones. Maybe we need "Clone cryptocurrencies" section on this forum, with subsections divided into origin cryptocurrencies, all that because this board is getting extremely cluttered...
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Could not watch BTC free-falling anymore and I exchanged all my BTC to XRP, wish me luck, I barely know anything about Ripple  |
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rUWHCKF8nL53Gue7HqPKP6fb4hPQL9r5kA
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I bought the first 340BTC which started this mini-rally on Bitstamp, just because I received the good news, so let's see what will happen... Maybe I just lost a lot of money LoL |
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I know that it's not welcomed to share bearish opinion, I did some analysis and indicators (MFI, RSI, UI, W%R) are telling me that we will probably hit $120 in the next 24h. I don't have an idea will we go below that. Currently, according to average of all significant moving averages, realistic price is approx. $119-$122. We are driving on a extremely low volume, so something will happen that's for sure, maybe even totally opposite to my prediction.
Cheers
Basically you are saying we will either go up or down? No one can tell that for sure... Even those guys who charge their analysis can't |
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I know that it's not welcomed to share bearish opinion, I did some analysis and indicators (MFI, RSI, UI, W%R) are telling me that we will probably hit $120 in the next 24h. I don't have an idea will we go below that. Currently, according to average of all significant moving averages, realistic price is approx. $119-$122. We are driving on a extremely low volume, so something will happen that's for sure, maybe even totally opposite to my prediction.
Cheers
Care to share what time frame and indicators you are looking at? Sure..., RSI, Money Flow Index, Ultimate Oscillator and Williams %R indicators. Best results are at 6h or 2h intervals (I prefer 6h), various time-frames... You can find all of them at bitcoincharts.com. For analyzing long time frames I can recommend log scale. Technical analysis can help, but on this kind of heavy manipulated market, it should not be taken as granted. I prefer to watch the news, but the real one, not China hype, Paypal WILL PROBABLY, MtGox domain WILL PROBABLY, but something like, Wordpress STARTED using, OKCupid STARTED, MetArt STARTED, etc... |
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So basically what you just said is...
Bitcoin does whatever the fuck it wants.
Exactly |
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I know that it's not welcomed to share bearish opinion, I did some analysis and indicators (MFI, RSI, UI, W%R) are telling me that we will probably hit $120 in the next 24h. I don't have an idea will we go below that. Currently, according to average of all significant moving averages, realistic price is approx. $119-$122. We are driving on a extremely low volume, so something will happen that's for sure, maybe even totally opposite to my prediction.
Cheers
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Next stop... 90  |
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What was that @ $112? Fake wall?
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What a incredible battle |
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Crazy pattern  |
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China wont buy , they will just mine the shit out of it, and they will massively dump it for very small profit, do not forget that a major part of Chinese people gets only 150-200 $ salary pay for the hole month full time job . so 1 BTC is allot considering that, they will be just happy if they can mine it and profit only 10-20 $ a month of one BTC.
Electricity price in China is 7.5-10.7 UScents/kWh |
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Possible bearish divergence  |
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I have my few personal rules to survive BTC market:
1. Don't believe in possible news, believe in real news.
2. Don't believe in wall that doesn't want to be eaten, believe in wall that does.
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Dear Wallzilla, Sunday is not a good day for creating a panic, try another day Sincerely, Your Bitcoinerdz |
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