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Yuhfhrh (OP)
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October 07, 2012, 12:59:11 PM
Last edit: October 08, 2012, 08:19:39 AM by Yuhfhrh |
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Before anyone considers buying, look real hard at the last 12 hours.  All the volume is on the way down. I don't believe there are any signs that this is over, and I genuinely do not want anyone to get burned here. Also don't forget that Monday is a U.S. holiday, so 'the weekend dip' could be stretched a bit. Update 10/8: (Past 2 days)  |
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Shadow383
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October 07, 2012, 01:00:37 PM |
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Yawn. Post-GLBSE fallout. Entirely predictable.
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mobodick
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October 07, 2012, 02:10:27 PM |
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Yawn. Post-GLBSE fallout. Entirely predictable.
Ow, so since its entirely predictable why don't you predict how low it will go?  |
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silverbox
Legendary
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Activity: 966
Merit: 1003
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October 07, 2012, 02:21:49 PM |
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It's about 1/5th the size of pirate, about 1/5th the drop. Wait, it already happened  I doubt it will drop much more, I'd be suprised if we see high 10s. |
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Fjordbit
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October 07, 2012, 03:10:27 PM |
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Monday is a U.S. holiday
Columbus day is barely observed. It's not a stock exchange/bank holiday. I think it might be a school holiday, but that's about it. |
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ZenInTexas
Newbie
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Activity: 36
Merit: 0
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October 07, 2012, 03:22:15 PM |
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OP's right
It's could be a confirmed 2nd wave into a bear. The 1st was the period after pirate, and the trickle down through the pseudo/unregulated bitcoin lending/deposit side.
There is a possibility that this is is the point were bitcoin hoarders give up and limit losses by selling everything, triggering a bear run for an extended period. Ie supply increases past demand. If opportunistic buyers become worn out, and start selling as well...
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fishface
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October 07, 2012, 03:28:27 PM |
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Monday is a U.S. holiday
Columbus day is barely observed. It's not a stock exchange/bank holiday. I think it might be a school holiday, but that's about it. Banks are closed in my southern US state. Also, my Dwolla deposit I initiated last week received a message about delayed clearance times due to the Monday bank holiday. |
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Rassah
Legendary
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Activity: 1680
Merit: 1035
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October 07, 2012, 03:40:57 PM |
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All my banks are closed Monday as well (NE US), so assume all banks in US will be closed Monday
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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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October 07, 2012, 03:52:03 PM |
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It is also Thanksgiving in Canada so the banks in Canada are closed Monday.
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Atlas
Jr. Member
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Activity: 56
Merit: 1
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October 07, 2012, 04:09:30 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
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fishface
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October 07, 2012, 05:11:27 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily |
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notme
Legendary
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Activity: 1904
Merit: 1002
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October 07, 2012, 05:14:21 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily Atlas is more about theatrics than facts. |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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October 07, 2012, 05:15:00 PM |
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we're just tryna get some cheap coins lay off with your technical gobbledygook  |
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Atlas
Jr. Member
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Activity: 56
Merit: 1
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October 07, 2012, 05:15:43 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily Atlas is more about theatrics than facts. There are no facts when it comes to something as emotional and subjective as value. |
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jwzguy
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October 07, 2012, 05:36:32 PM |
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jenniferlawrence.gif
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Mushoz
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October 07, 2012, 05:48:34 PM |
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Before anyone considers buying, look real hard at the last 12 hours. All the volume is on the way down. I don't believe there are any signs that this is over, and I genuinely do not want anyone to get burned here. Also don't forget that Monday is a U.S. holiday, so 'the weekend dip' could be stretched a bit. How low do you think we'll go? |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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fishface
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October 07, 2012, 05:51:42 PM |
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we're just tryna get some cheap coins lay off with your technical gobbledygook Cool, I won't do any more basic analysis in the cheerleading and/or panic topics. Will let the price action speak for itself.  |
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notme
Legendary
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Activity: 1904
Merit: 1002
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October 07, 2012, 06:02:33 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily Atlas is more about theatrics than facts. There are no facts when it comes to something as emotional and subjective as value. Sorry, but it is a fact that we haven't touched the 50 ema on the daily chart. |
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Atlas
Jr. Member
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Activity: 56
Merit: 1
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October 07, 2012, 06:22:01 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily Atlas is more about theatrics than facts. There are no facts when it comes to something as emotional and subjective as value. Sorry, but it is a fact that we haven't touched the 50 ema on the daily chart. I don't think a 10-day EMA applies that well in a market this illiquid. |
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fishface
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October 07, 2012, 06:23:50 PM |
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We are now in the denial stage. People are wishing they got out higher but it's too late.
Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily Atlas is more about theatrics than facts. There are no facts when it comes to something as emotional and subjective as value. Sorry, but it is a fact that we haven't touched the 50 ema on the daily chart. I don't think a 10-day EMA applies that well in a market this illiquid. Atlas please for the love of science, put your glasses on. It's the 50 we are talking about, not the 10. Pull up the chart. Has it broken for more than 1 day since we broke out above 5 usd this summer? Whether you think it "applies" or not, this is math. Not some magical formula. Just math. Study. |
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