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And now - the sucker's rally
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Topic: And now - the sucker's rally (Read 13930 times)
GotBitCoins
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Re: And now - the sucker's rally
July 06, 2013, 08:19:31 PM
#101
Quote from: GotBitCoins on April 19, 2013, 07:26:05 AM
Everything is by the book....
Quote from: GotBitCoins on April 19, 2013, 07:26:05 AM
But then it shall drop and shall become under-valued for a while - let's say 10$ ??
Yep everything is by the book, capitulation now, maybe even panic, now we shall perhaps see a short lived rally and then down, down to the despair level...
GotBitCoins.
ElectricMucus
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Re: And now - the sucker's rally
July 07, 2013, 01:49:35 PM
#102
Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet.
SlipperySlope
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Stephen Reed
Re: And now - the sucker's rally
July 07, 2013, 02:06:36 PM
#103
Quote from: ElectricMucus on July 07, 2013, 01:49:35 PM
Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet.
Each rally has been stopped or beaten back by very large sell orders. You can see the eagerness of the buyers, but large bids near the current price get eaten too. One could expect a stronger rally following a further very sharp spike down, e.g. seller exhaustion.
I agree with your sucker's rally characterization. We may be too far along in the bubble collapse for a strong bounce off this plunge.
cbeast
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Let's talk governance, lipstick, and pigs.
Re: And now - the sucker's rally
July 07, 2013, 02:27:48 PM
#104
Quote from: ElectricMucus on July 07, 2013, 01:49:35 PM
Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet.
The three-day-bounce is about due one way or another. The resistance to the plunge is good though. Within three more days we should see the upswing come back when the sellers feel more secure.
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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