lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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May 25, 2013, 08:30:17 AM |
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I have to chime in and say on the contrary, lucif is helping me stay rational for one...
In bitcoinland, exuberance is rational.
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Bro, do you even blockchain? -E Voorhees
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smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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May 25, 2013, 09:48:32 AM |
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Good trader always stays confident about his money and risks. In my right hand money, in left - risk. I just keep balanced =) My new car bought from trading past month keeps me confident. Hehe.
Pix or it didn't happen.
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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molecular
Donator
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Activity: 2772
Merit: 1019
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May 25, 2013, 11:31:24 AM |
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Good trader always stays confident about his money and risks. In my right hand money, in left - risk. I just keep balanced =) My new car bought from trading past month keeps me confident. Hehe.
Pix or it didn't happen. "Push the button, Max!" http://www.youtube.com/watch?v=R3Igz5SfBCE
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Manna
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May 25, 2013, 01:31:02 PM |
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You forgot Webmoney, which supports Bitcoin and the little player AlertPay which plays a big role in HYIP business and Pecunix.
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ThickAsThieves
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May 27, 2013, 05:57:01 PM |
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Lucif, what sources are you using for your current charts? Is it Gox price, or a combination from all markets?
I ask, because I'm pretty sure Gox is representing a smaller and smaller portion of the market, and we need to factor the whole market for accuracy.
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Frozenlock
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May 27, 2013, 06:05:00 PM |
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Climbing up the wall of horror. Divergences here.
What bulls see.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 27, 2013, 06:32:16 PM |
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Climbing up the wall of horror. Divergences here. first of all, you can't expect volume to be as high as when bitcoin was singing wildly during the crash and correction second of all, its clear mtgox is losing volume third of all, consolidation phase is over, now we are just going up and stopping when there is resistance, we will see 150 b4 wednesday
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lucif (OP)
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Activity: 462
Merit: 250
Clown prophet
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May 27, 2013, 06:34:12 PM |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 27, 2013, 06:36:42 PM |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 27, 2013, 06:40:09 PM |
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their is a strong case for bears, thats for sure, i just think its wrong
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 28, 2013, 04:29:55 AM |
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The line you draw showing decreasing volume -- I'm not sure if it makes much sense. The first two peaks you connect are due to large sell-offs. The third, smaller peak, is the "rally" after a long consolidation. you can see that the rally is buying volume (green bars), and was slowly increasing after a period of zero-volume.
On smaller timescales, this was a bullish indicator -- price was increasing, and with each successive period, volume was increasing too.
Then volume disappeared -- likely due to the memorial day weekend.
Anyway, let's see.
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bitsalame
Donator
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Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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May 28, 2013, 05:13:58 PM |
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This is what reminds me whenever I see a market speculator with their Technical Analyses: http://www.youtube.com/watch?v=8wHMaJ6AtNsGotta love the subtle ending.
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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May 30, 2013, 05:33:26 AM |
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I thought it should be bigger, but here it is in all its glory. I think this triangle is about to complete. Odds of breakout I estimate as 70/30, bears have priority.
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Jozzaboy
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Activity: 98
Merit: 10
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May 30, 2013, 05:45:18 AM |
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Please elaborate on why we will have a bearish breakout. There I was thinking that the price is about to rise and that we were significantly undervalued.
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BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF I also accept precious metals, no paper money please.
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lucif (OP)
Sr. Member
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Activity: 462
Merit: 250
Clown prophet
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May 30, 2013, 05:48:09 AM |
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Primary, liquidity problems.
MtGox codes
Dwolla
Liberty Reserve
Okpay
Secondary, topping patterns at global stocks.
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Jozzaboy
Member
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Activity: 98
Merit: 10
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May 30, 2013, 05:58:42 AM |
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I'm very skeptical about these so called liquidity problems. Bitcoin was designed for this kind of 'attack'. Besides, there were legitimate reasons for those closes, such as failure to register with proper documentation.
Such as MTGox takes up 3 quarters of the trade volume right now, all we need is two surviving exchanges and we would not see much, if any effect.
As for the bearish trend, we appear to be near a bottoming out point on the overall increasing trend. If we see any price drop under 125 at all, I'm going to buy bitcoins by the hundreds.
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BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF I also accept precious metals, no paper money please.
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Frozenlock
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May 30, 2013, 06:15:43 AM |
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If we see any price drop under 125 at all, I'm going to buy bitcoins by the hundreds.
Then you could buy them by thousands at 12.50! In 2011, everyone was saying "Whoah, if it goes below $15 I'm loading the truck!"
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