Very telling that no bounce is achieved even at current levels. Sorry to be the bearer of bad news, but bear with me: This thing needs to capitulate on incredible volume and a low <50 before we bottom out for good.
Agreed. Also agree 'wot no bounce' looks bad as does spiking number of coins on offer Question is when is the capitulation, and what happens between now and then I highly doubt we will be seeing the final capitualtion any time soon, but we may make a new low on this move before it ends. Time will tell ... Yes, I definitely agree... almost no volume today, maybe we can find any more lower low (like around 61). If larger dump will, the price is approaching on the last stop losses above 50  |
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Is the market doing something new?
It seems to be crabbing sideways at $68. Just as the recent peak at $136 was a flat-top with no volume spike. Maybe it is having a flat-bottom at this current level.
I think everything looks that we will test the latest lows soon. But at such a low volume, can any greater Bid or dump change a lot.  |
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Bitstamp again around $ 64 and 3K BTC Asks Wall at $ 70 on MtGox ...  Why is the spread opening up again? I think that is still greater difference between supply and demand in the Bitstamp. Bitstamp:  MTGox:  |
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Bitstamp again around $ 64 and 3K BTC Asks Wall at $ 70 on MtGox ... someone wants cheap coin before next wild ride ...  |
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Dump and Pump?
yes, panic sell and panic buy  maybe: dump -> pump -> dump -> and then road on the bottom |
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I can't believe a small sell wall at 70.00 is holding this upward trend at bay  Thats because everybody is freaking the fuck out and not buying... Not true. Daddy Loozik bought his coins at $66.666 yesterday. Then he visited his girlfriend and fucked her. He was NOT freaking the fuck out neither to buy nor to fuck  I think also that it's likely to bounce ("dead cat bounce" ) on oversold market.  But from 60's, or 50's ...?I still think rather around $ 55. |
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Yes, we may see a correction soon - "Dead Cat Bounce" But then probably capitulation and bottom ... |
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new prediction: 180$ in 12-20 business days  Not this shit again... ALARM ALARM! We are going to 0! P.s. I bought back in at 70. We are overdue a sucker rally/dead cat bounce. I also bought a little and I was hoping for at least 72 - 75... And now I do not know if I should cancel all orders over 45 ...  |
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Seems to me, or Bitstamp looks for cheap coin again soon?  |
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maybe he needed coins for purchase on the SR |
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A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
+1 makes sense |
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by the way, someone built 3K Bids wall at 70.00 on the MtGox |
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Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.
those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-) Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell  See that's the thing. $1500 isn't profit. BTC is profit. Any fool can make $ in this market, but to increase your share of the limited supply of bitcoin is what will really matter in the end. I'm sorry but this is extremely short-sighted and worthy of someone with 0 trading knowledge. We're talking profit here. Even for long bulls, more USD means more BTC. It's as simple as that. Whether you like it or not, he now has 1500 USD worth of extra BTC. Being a long bull DOES NOT mean you have take every loss that BTC goes through. There will ALWAYS be times when having more USD is the better way to have more BTC. But, when is Uptrend you need to have profit (USD) greater than the increasimg price for more BTC. Now in down trend - You don't need "to do anything" for more Btc. (only sell soon after top and then buy at the beginning of the next uptrend) |
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Don't worry, plenty newly-made multimillionaires left who will gladly take a clean exit at 50 USD later on when we come knocking at its door.
I'm also afraid of. It is incomprehensible to me that the biggest sale of 2011 was on the bottom. (Not for $ 12 - 7, but for $ 3 - 5  ).  |
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Nice call lucif
That SMA is at 72, there hasn't been a bounce so far and I'd argue it broke through it as it went to 65, but who knows. I more interpreted that we'd bounce up to it not from it. Sorry, not understand, I'm not saying that the rebound from SMA - this is silly SMA and EMA can't work as support line. Just know that around 55 is a heavy support a lot of dollars in bids. That's why I wrote if we not break 49-55 everything will be different than crash in 2011. but yet we fall so  Therefore 55-49 will be very important (4.77M USD in demands now). |
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For me also make sense to buy under $ 70 and not sale between 70 and 55. Option 1 and now 60:40 for me: "crash as in 2011" and the bottom deep below 50. (I call it "crash")  Option 2: If we do not break $ 50-55, the bottom will 55 - 70. (I call it "correction")  And we'll see it just as well by SMA 200 (lower or horizontally and slowly up??)And of course according to change current trend down above 55 - It has not happened yet. |
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Daily RSI has closed below 30 (oversold) multiple times now confirming the bear market and confirming a trending mode. Check out what happened conversely the last time the RSI has stuck in overbought:  similarly on the Bitstamp:  |
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I think the down move is excellerating.... It is called... THE QUICKENING! I also definitely agree that the fall is still faster.... We fell below the red line, then we fell between blue and now it's even faster (orange ellipse) About the bottom. I think that the bottom will look long (weeks or months). I think that the bottom will look long (weeks or months). But I hope that around 55 to 30, will either bounce (as the 9th June and May 3), or fall slower. About 50 area support is heavy, a lot of people waiting for this price and I think it will be a long-term profitable price. The bottom but may be below $ 50. I am thinking that 50 is not going to hold as a bottom (but might be a bounce point. It is just too psychological of a number). We have to see how the volume plays out though. That is probably key imo.  |
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I think the down move is excellerating.... It is called... THE QUICKENING! I also definitely agree that the fall is still faster....  We fell below the red line, then we fell between blue and now it's even faster (orange ellipse) About the bottom. I think that the bottom will look long (weeks or months). I think that the bottom will look long (weeks or months). But I hope that around 55 to 30, will either bounce (as the 9th June and May 3), or fall slower. About 50 area support is heavy, a lot of people waiting for this price and I think it will be a long-term profitable price. The bottom but may be below $ 50. |
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