I think only the price will be 92.15 we see if the wall is bid or fake. But it is possible that the 90 will support. PS: Price 84 was still very inexpensive to Bitstamp - for that is bought. It's really close to our support line triangle. https://www.tradingview.com/x/E2YcgsA7I think tradingview is frozen... Price there is still showing 93.5 to me. With the real price (91.5), the triangle is broken... Yes, wall is on 90 ... |
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Here's something to think about. $99 coins are expensive, $101 coins are cheap.
Yes, and 97 is even more expensive 99  Crash was on 49. Bitcoin was at $ 30 January. LOL |
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I think only the price will be 92.15 we see if the wall is bid or fake. But it is possible that the 90 will support. PS: Price 84 was still very inexpensive to Bitstamp - for that is bought. It's really close to our support line triangle.  |
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Where are people thinking the bottom for today is? Right now on Gox we have some walls to get to 92, and a large wall to get to 90.
Without looking at the market depth (just the chart), $87 is the first stop, then $80. $80 is a bounce I might play but generally I'm looking for a real bottom, but we are probably months from that... maybe we can find some support at yesterday's low (93.70) then it's outside the triangle $ 92 (as 3-day mimimum and bottom of the past 2 months) then 90 - round number ... and then the real band 79-88 $, there we would remain for several weeks, if not charge panic. Oops, yes. I meant if we broke through 90... I think $82ish is the magic number below 90... I think so |
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Where are people thinking the bottom for today is? Right now on Gox we have some walls to get to 92, and a large wall to get to 90.
Without looking at the market depth (just the chart), $87 is the first stop, then $80. $80 is a bounce I might play but generally I'm looking for a real bottom, but we are probably months from that... maybe we can find some support at yesterday's low (93.70) then it's outside the triangle $ 92 (as 3-day mimimum and bottom of the past 2 months) then 90 - round number ... and then the real band 79-88 $, there we would remain for several weeks, if not charge panic.  |
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Image last days and weeks of Bitstamp - no comment ...  |
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Look at chartbuddy. Notice on the sell side there is a wave that is starting to rise? (Sort of like how a waves rises and then forms and throws over. It is the rise from the rest part.) It sort of "washes away" buy orders.  I call it "The Breaking Wave" and it has preceded large sell offs before... It's happening right now, lets see if it breaks 90 today. yes everything seems we can test the latest lows soon again ... |
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A bear doesn't talk big bear words on the forums if he hasn't already sold.
A lot of bear talk lately => a lot of people are short => ...
You're right, a lot of bears writes about BTC for $ 30. Who found downtrend as the first, sold it for $ 130 - 150 That's why I always say change ahead of us, but I'm not sure whether up or down. Definitely I'm not saying that Bitcoin will definitely a 30 and that left everyone. Demand at 80-50 is still huge ... A lot of Bitcoin is in "strong hands" that will not sell it. It's maybe different than in 2011. Edit: Each bear needs someone to sell below than himself, and each bull needs someone who buys higher than he, otherwise the trend reverses  |
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Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.
I don't write, that I know the price will rise or fall. But I know that within a few days either we break the downtrend or support line. And then the trading volume will be greater, that's what I wrote.  What tool do you use for this? |
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Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.
I don't write, that I know the price will rise or fall. But I know that within a few days either we break the downtrend or support line. And then the trading volume will be greater, that's what I wrote.  |
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Looks like the sucker rally is stalling. Even for a Sunday this is low volume.
yes very low volumes, but I'm not surprised: Why would buy now the one who waits cheap coin? And why would sell to whoever could sell for 130-100? I believe that when we see another direction, trading volume will be better. Looking back at a year ago did you really care if you bought at $5, $6, or $7? A year ago the 100 day average was around $5.50. Buying today with the 100 day average around $115 and worrying if I buy at $100 which is 15% below or $90 which is 22% below or $80 which is 30% below doesn't really matter much to me. All these prices are amazing deals. I believe the fundamentals are great and that's why I'm buying. If you look at it at it this way, yes. But: it is possible, I'm not saying it will happen, but it is possible that the price will drop to 70 or 50, maybe $ 30. The person who sold part of their Bitcoin to buy them back more, will not buy now for 95 a few days before the conclusion of two to three month's triangle. It is very likely that either will fall even more, or the down trend will stop. If the trend turns up, they begin to re-buy and those who sell, yet until we have about 100 Otherwise when the price will be lower, more people will buy after each drop and then the price starts to increase again... |
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Looks like the sucker rally is stalling. Even for a Sunday this is low volume.
yes very low volumes, but I'm not surprised: Why would buy now the one who waits cheap coin? And why would sell to whoever could sell for 130-100? I believe that when we see another direction, trading volume will be better. |
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It's "exciting"... These weekend sprints for $ 2 with volume 12 BTC / min.  |
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I want to say there is a bounce coming as things are oversold, but divergences with volume and price are pretty reliable indicators so far. (And even if we bounce, the more time we spend below 100 the more it acts as resistance imo.) Look at what happens when we go up on lower volume than the day before. It is a KEY sign in trading, quite reliable most of the time. Let's see how today plays out but I'm still guessing down from here over the next few days:  I can only agree. Is there such a day minitriangl (orange and dark green). But even if the daily trend continued up, too much Asks is over $ 100. We may see some side movement on the support line, but sooner or later, probably we will further decline. Meanwhile I also do not see much chance for bouncing up through the downtrend line.  |
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Someone here said 50 $ ... Yea, I think around $ 50 something will happen. A lot of people will buy - "cheap coins" - and price will rise. But somewhere, maybe around 100, uptrend will stop and they realize, that this is not the next big rising. So: they sell, making some profit, and price goes down. And than there will be no fight about the 50, it will break and go down ...
Even this is possible. If theoretically all Bitcoin MtGOx today to sell at any price (which will not happen), we get for $ 50. Then would temporarily increase the price. But if even then the offer will be higher than the demand will drop again. That is why it is so difficult and risky to catch a falling knife...  |
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Otherwise, we have todays volume only 16 BTC / minute to MtxGox. It's boring  |
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According to your graph, starting in December 2013, people start paying you in USD to take their bitcoins?
I like that. Looks like a peak of -33USD/BTC in June 2014.
Ill take anyone's bitcoins at 0USD/EA, right now and thru Dec. 1 2013. Take advantage of this HOT deal while it lasts.
Send them here: 14YDg2knHWoYaDZpUFvuQfFP7kUpPpYL83
You're welcome.
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I believe that will see up to 10 days the end of the triangle.
We really are due for a breakout of said triangle. I would not be surprised if we breakout within three days.  |
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The thing that has me concerned is the divergence of the money flow (up) from the price (down). This is bullish.
I agree too,. that Money Flow is looks good. Also, particular the accumulation: 2011  2013 Actually, I do not know. Is this more Bitcoin in "strong hands" long-term investors, or even panic just yet break out??The only thing of which I know that everyone must consider the risk itself.We can for example :: Find a bottom around $ 30 and we can stay on the bounce for a long time under the $ 100 (between 50-75) I also still can rebound and today's price of $ 90 may be a long-term cheap. Unfortunately, this are a lot different options. |
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The charts are eerily similar.
IAS, I definitely Agree, that "The charts are eerily similar" for now.  |
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