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Crypt_Current
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July 02, 2013, 12:28:04 AM |
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... and it just broke.
"if you're not out, get out" lol
seriously, all downhill from here.
Don't panic, it's going back up  like i paraphrased in another thread, it's not the panic itself, it's HOW you panic. panic holding == not much addition/subtraction to current situation  |
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ElectricMucus (OP)
Legendary
 Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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July 02, 2013, 12:59:00 AM |
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Bulls are finding their feet now, this could be interesting.
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Kazu
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July 02, 2013, 01:48:10 AM |
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We must hold 85-86. It is the last significant support in the 80s. After that, I expect to see a small panic down to 70s. Not good.
it looks like it held, for now at least. We could climb up into the 90s sorta signalling an almost-double-bottom which would be a very good thing if the 90 level can be held for a couple days, or we could fall back down to sub-85 levels probably signalling a collapse down to $57, which is obviously a bad thing. Either way I won't be hugely surprised. Or we could be boring and stay right where we are. Yea, this post was probably my least illuminating piece of analysis yet  |
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Inedible
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July 02, 2013, 01:50:06 AM |
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it looks like it held, for now at least. We could climb up into the 90s sorta signalling an almost-double-bottom which would be a very good thing if the 90 level can be held for a couple days, or we could fall back down to sub-85 levels probably signalling a collapse down to $57, which is obviously a bad thing. Either way I won't be hugely surprised. Or we could be boring and stay right where we are. Yea, this post was probably my least illuminating piece of analysis yet I've thought carefully about your analysis and I think you're saying... ...it could go up or down or stay where it is? |
If this post was useful, interesting or entertaining, then you've misunderstood.
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humanitee
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July 02, 2013, 01:51:24 AM |
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it looks like it held, for now at least. We could climb up into the 90s sorta signalling an almost-double-bottom which would be a very good thing if the 90 level can be held for a couple days, or we could fall back down to sub-85 levels probably signalling a collapse down to $57, which is obviously a bad thing. Either way I won't be hugely surprised. Or we could be boring and stay right where we are. Yea, this post was probably my least illuminating piece of analysis yet I've thought carefully about your analysis and I think you're saying... ...it could go up or down or stay where it is? Now draw those scenarios out in random Elliot wave jargon and you can take over for Lucif when he goes on vacation. |
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| Whitepaper
Medium
Reddit
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 02, 2013, 01:54:14 AM |
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Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.
why panic when you can buy Becuause if it breaks $57 It'll probably go down to like $20 or something. IMO the support levels are: $85ish (the low following the bounce off $57) $57 $17 (won't actually hit it, likely stay like $20ish or something) Currently I'm thinking a bounce off of $57 is most likely, probably never actually hitting $57 again, though we'll likely see $60. I've been wrong plenty before though so I could easily be wrong again. prices won't go below $70-$75 unless Gox breaks below $88 before they start allowing USD withdrawals again. If it doesn't break below that, we will have a trend reversal, likely a fantastic one. law of demand....as price goes down, demand rises... intro to microeconomics stuff peeps |
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Kazu
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July 02, 2013, 02:08:23 AM |
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Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.
why panic when you can buy Becuause if it breaks $57 It'll probably go down to like $20 or something. IMO the support levels are: $85ish (the low following the bounce off $57) $57 $17 (won't actually hit it, likely stay like $20ish or something) Currently I'm thinking a bounce off of $57 is most likely, probably never actually hitting $57 again, though we'll likely see $60. I've been wrong plenty before though so I could easily be wrong again. prices won't go below $70-$75 unless Gox breaks below $88 before they start allowing USD withdrawals again. If it doesn't break below that, we will have a trend reversal, likely a fantastic one. law of demand....as price goes down, demand rises... intro to microeconomics stuff peeps Thats oversimplifying the situation. We are dealing with people's emotions, greed, fear, and their view of Bitcoin. Bitcoin doesn't have any price to earnings ratio, doesn't pay any dividends, doesn't allow you to cash out at any period of time. It can't be valued in any traditional way. The demand for Bitcoin depends on its value sure, but it doesn't necessary increase linearly as price goes down. |
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sublime5447
Legendary
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Activity: 966
Merit: 1000
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July 02, 2013, 02:20:00 AM |
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Panic hold = bad call.. sorry dudes you got hosed.  |
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Kazu
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July 02, 2013, 02:57:08 AM |
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Panic hold = bad call.. sorry dudes you got hosed. I don't know, I wish I had panic held through that whole fork fiasco. Believe it or not I was much more worried then than I am worried now, because back then the actual protocol was potentially threatened. Now I believe in case of a bad scenario, goes down to $57, woo, I sat through the crash from $277 I think I can stomach that. I suppose $17 is the absolute worst case scenario which would be pretty bad but I highly doubt it. |
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Kazu
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July 02, 2013, 03:04:45 AM |
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We could climb up into the 90s sorta signalling an almost-double-bottom which would be a very good thing if the 90 level can be held for a couple days We seem to be teetering right on $90. A nice little bid wall will grow right there if we are lucky. |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 02, 2013, 03:05:25 AM |
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We could climb up into the 90s sorta signalling an almost-double-bottom which would be a very good thing if the 90 level can be held for a couple days We seem to be teetering right on $90. A nice little bid wall will grow right there if we are lucky. A lil' consolidation never did us no harm |
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Kazu
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July 03, 2013, 01:53:17 AM |
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So I wonder where the $20M is going to come from. I mean I know thats not much in wall st. terms, but still.
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BitcoinAshley
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July 03, 2013, 02:56:06 AM |
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In 2 weeks we'll be in the $70's. Prove me wrong. |
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Jozzaboy
Member
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Activity: 98
Merit: 10
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July 03, 2013, 03:04:27 AM |
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In 2 weeks we'll be in the $70's. Prove me wrong. Oh Ashley... when I said you should be drinking and trading, I didn't mean short all your Bitcoins. Don't get left behind on this next rally!  |
BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF I also accept precious metals, no paper money please. |
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TooCasual
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You can't be Serious?!?
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July 03, 2013, 06:05:20 AM |
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In 2 weeks we'll be in the $70's. Prove me wrong. I'd say +110usd/btc in 2 weeks... Good press... Gox is legal-ish now. TC |
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sublime5447
Legendary
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Activity: 966
Merit: 1000
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July 05, 2013, 05:05:30 PM |
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In 2 weeks we'll be in the $70's. Prove me wrong. 72 right now didn't take close to 2 weeks. I say 50 in 2 weeks. A lot of hot air was blown into that bubble. It is going to find a way out. I just need to take my own advice and stop trying to catch the bottom.  |
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