wow dead cat bounce. surprise!

[kwukduck]

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

[LMGTFY]

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

Blimey! You seem to have accepted the new over-300 order remarkably quickly! I'd have thought you'd wait until the mid 200s at least before calling a dead-cat bounce.

[makingwin1]

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

there was no reason for the price going up though that does not mean it has to end so fast lets wait and see if it will keep on dropping

[zimmah]

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

oh look, price dropped a few $ and kwukduck is back from his hiding place.

[smith coins]

I think that we weren't ready for this dump recently.
Saying the truth i was hoping that the price will reach $350 these days.
But even though there are some dump, i don't want to see the price below $300, really hate 200s because it was for a long time.

[tmfp]

330 was well overbought short term, a healthy pullback to support at 315 and uptrend resumes.
Give me a shout when you finally decide to take a massive loss on your shorts around 360/370 and I'll sell you a little of my ~238 average long.

 

[Fatov]

Where is the floor?

[Laketear]

Where is the floor?

The floor is around $280. If it is breached, then price will drop to $250. With so many news about bitcoin recently, the price will rise eventually.

[jaberwock]

Still 25% valuation in one month more or less.

Just a small correction because some people wanted to take some profit.

In the midweek the bull attack will starts again

[Dilla]

^yup.

Kwukduck you are wasting your time with your bs on here. Get a life.

[jeffthebaker]

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

Over the past several months, surpassing $300 has been a huge hurdle, since a lot of people choose it as the number to cash out at. I imagine since price surged past $300 without falling back down, people speculated it would continue to shoot up, causing a bit of an overbuy followed by a correction. Nothing more, nothing less.

[zimmah]

I think that we weren't ready for this dump recently.
Saying the truth i was hoping that the price will reach $350 these days.
But even though there are some dump, i don't want to see the price below $300, really hate 200s because it was for a long time.

don't worry, just a weekend dip, kwuk always posts a lot of FUD he's a permabear.

[Mickeyb]

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

oh look, price dropped a few $ and kwukduck is back from his hiding place.

Somebody did say yesterday that he will get out as soon as we drop $10. Well we have dropped $10 and there he is!

[cafucafucafu]

Floor is $220 as usual.

[dothebeats]

Floor is $220 as usual.

Too far from there. Floor seems to be holding at $280 for support.

--

Hiya kwuk! Haven't seen you around lately. How many times have you mentioned that a price increase was just a dead cat bounce? As always, I'm amazed on how persistent you are!

[chanz]

It was all abraxas it just opened back, a jump in price is starting.

[ajareselde]

I don't believe it's a dead cat bounce. The word about bitcoin is spreading, and the base number of bitcoin users is increasing all the time, as well as merchant support.
The only thing left to do is to go higher in price, especially now when the halving is under a year away, which will with no doubt increase the price furthermore.

[afbitcoins]

I understand a dead cat bounce is the small rise after a huge sudden crash. This is nothing at all like a dead cat bounce

[Amph]

I understand a dead cat bounce is the small rise after a huge sudden crash. This is nothing at all like a dead cat bounce

i always thought that a dead cat bounce is a return to the previous point after a pump, basically a sum zero movement

bu we are in a better position than before now, so yes this is a price correction and a possible consolidation on the new value

[NorrisK]

I thought you got taken out by the rocket launching for the moon, or the bulls stampeding down the street.

Guess that one day of correction is enough to make you crawl out if you bear hole.