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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 11:47:17 PM
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Not falling for it with this mini rally.
We are in for a few months of downtime and sideways movement before anything substantial occurs.
I'd say 2-3 months of sideways at the bottom.
"Bottoms" do not last for a weekend....use your brains people.
I'm not saying that I have for my surrender, but after a month of non stop falls is a nice buy low and sell high (although I suppose a few days)  |
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386
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 10:34:37 PM
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Prepare for the price to:
a) go slightly above 72
then
b) drop quickly to 70.40 - 70.60
Next the train will leave the station heading north.
Congratulations also to accurate predictions: a few comments: - Bulls demolished the bears wall to 72 - From cutting chips fell to 70.11 - Bulls stay ahead above the $ 70 that gave them the investor Mr. 5k - Bulls want to 75, then 80 within a few working days (only someone want 180;) - Bears goes short against the trend and they want to sell at the price at which they should buy, watch out for them... |
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 07:54:59 PM
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But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).
To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.' Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one. Oh, ok. I still think that $57 will be the bottom though. indeed to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7 it was very violent a drop, and it went and touched bottom with the first knife the huge bull trap the slow slide down the rebound above the low of the init. crash now if we only wait a few months, if the pattern hold we be up 1,000%  However, the one who bought after 2011 at the bottom, he has +1900 % even after the latest fall !!!   |
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389
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 07:34:02 PM
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A volumeless rally. Gee, I wonder what happens next...
into my bids? edit: i think we will see a triangle.. and then the porn pattern i still just see this..  ignoring the wierd buys.. 
But when someone buys and sells so it's a good deal. (but also the risk of course)  |
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390
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 07:02:56 PM
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But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.' Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one. Oh, ok. I still think that $57 will be the bottom though. I would say "dead cat bounce" if we will hit 79 - 85 from 68. I think it's crazy, but I don't want to say that it is just only a false alarm, when it's possible according to TA. We'll see soon if everything breaks before 74-75 or crazy ride will continue tomorrow.  |
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391
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 05:28:35 PM
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If I'm reading the candle stick charts correctly (and I believe I am) this bounce came out of the blue and all at once it either from a collective working together at a predetermined time or someone with deep pockets trying to double up their investment. Kinda day trader-ish.
I also seems strange that almost 12 hours no power not buy coins for 67-69, then such a pump in a lot on Sunday in oversold market ... (strange coincidence) |
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393
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 05:03:45 PM
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Someone want to make a prediction for tomorrow or the day after?  Personally, while I rather fear that it may come very big dump after a panic sprint 75-80 (if he will), than I believed that we jump "on the moon" (90-100) through the down trend line. Yet it still need to buy 25k BTC to $ 80 ... But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). |
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 11:02:54 AM
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If people are expecting the price to only fall to $30, we are only about double that now.
How bad would you feel if you had bought at $4 instead of $2 at the end of the last crash? Sure, you would have double the money at $2, but you could have bought in at a lot worse time than $4.
Just saying...
I think $ 60 might be a good price for long-term investment, but it's better to buy after discount than before the discount for the same price. |
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398
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 10:45:01 AM
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EDIT: but now several orders of tens of coins helped us to nearly 70
yeah... but.... atm: 69.0 1000 coins up -> 69.9 1000 coins down -> 66.9  Yes, and 6.5k BTC above $72 - scary ... I think that wall mover needed to sell above 69, soon he can turn down for the purchase...  but already there is very little space, so next side movement? We can't long remain above 67 and below 70 ... |
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400
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: July 07, 2013, 10:28:05 AM
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It can take a while. Weeks. Months. It's coming though.
Perhaps Blightcoin being introduced on MtGox will deliver the final blow to BTCUSD.
Yes, I feel that a lot of people believe that we will after the capitulation a few days. But this will be a great corection of the all BTC economy. Some miners closes mine, any long investors will re-calculate profits and losses, others will be looking for a new good entry point for their investment. Really only"Time will tell ..." EDIT: but now several orders of tens of coins helped us to nearly 70 |
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