Manipulation to induce panic.

[GIANNAT]

They just wanted a red candle.

Fuck me if that is true

Valentine's day? Red candle? Makes sense!

red candle today, green candle tomorrow!

[deepceleron]

This is what $600,000 of profit-taking looks like:



AKA how to make 20% in four hours if you knew when to buy and sell.

[ajk]

This is what $600,000 of profit-taking looks like:



AKA how to make 20% in four hours if you knew when to buy and sell.

I really doubt this was one person did you even try to use gox during these times, was near impossible to even load up let alone throw in successful orders

[grue]

I really doubt this was one person did you even try to use gox during these times, was near impossible to even load up let alone throw in successful orders

it worked fine for me throughout the crash

[deepceleron]

I never said it was one entity, probably a bunch of people that imagined June 2011 happening all over again:

[arepo]

we're here

[notme]

we're here

The difference is we made a higher high this time.

[arepo]

The difference is we made a higher high this time.

price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...

[TraderTimm]

The difference is we made a higher high this time.

price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...

Yeah, so I couldn't let this one slide. (no pun intended)

You think we broke three bucks and bounced back because of "irrational bulls"? Listen, everyone was looking for a retrace, even me, and it didn't materialize - not like I thought it would. If there was word ONE that was true about your wish, we wouldn't be trading at 20 PLUS. We'd be at 14 or UNDER.

Seriously, we get a big sell event and it isn't enough to break the uptrend? What does that tell you?

I know what it means to me...

[ciphermonk]

Could it have been a dump & pump ?   

[arepo]

The difference is we made a higher high this time.

price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...

Yeah, so I couldn't let this one slide. (no pun intended)

You think we broke three bucks and bounced back because of "irrational bulls"? Listen, everyone was looking for a retrace, even me, and it didn't materialize - not like I thought it would. If there was word ONE that was true about your wish, we wouldn't be trading at 20 PLUS. We'd be at 14 or UNDER.

Seriously, we get a big sell event and it isn't enough to break the uptrend? What does that tell you?

I know what it means to me...

you don't understand. price moves of this magnitude in this short of a time frame are not sustainable. as the price climbs higher and higher, all of those coins bought at $5 and below (less than a year ago, mind you) become REALLY REALLY tempting to take profit on. the price is so high now because as this rally gained steam, asks were pulled higher and higher, skewing the supply. the price is inflated; the huge sell-off is proof of this. $26 was someone's price-point and going higher will continue to trigger more and more of these kinds of sell-offs. the fact that we moved three bucks down and back so quickly indicates to me that there are amateur bulls who will buy at any price, as long as it was lower than what bitcoin was worth yesterday. this is not sound trading. no wonder the price is bubbling up.

the knife was the smart money exiting the stage in response to the growing risk of holding the bag when another big player cashes out. we've reached a top, and smart money will continue to leave, while transferring coins from 'weak' hands to 'strong hands'. this is a good thing, as we need a real correction to this insanity, but it won't leave the BTCUSD rate unscathed. expect a midterm downtrend.

[lebing]

The difference is we made a higher high this time.

price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...

hot air? this is fundamental growth. https://bitcointalk.org/index.php?topic=143973.0

And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.

[arepo]

And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.

the knife says at least one of us, if not many, do.

[jl2012]

And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.

the knife says at least one of us, if not many, do.

The knife (read: pig) would have earned at least 10% more in fiat if he had sold slowly at $26

[arepo]

that knife was everyone who expected a serious correction. turns out a lot of people did. i imagine the buyers who brought us back up to trend so quickly don't even understand why we might need such a thing and expect continued exponential growth forever (totally sustainable right? just find ten more people, and you get 10% of their earnings, and each of those people find ten people, etc...)

we are easily in bubble territory, and the knife was an exit sign. bulls, you may be right, but tread with caution. we haven't had a red candle on the weekly scale in almost two months.

[arepo]

The difference is we made a higher high this time.

price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...

bearish divergence [in the Rate of Change] shows how the knife affected the price momentum, even though we reached new highs.

[jl2012]

The difference is we made a higher high this time.

price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...

bearish divergence shows how the knife affected the price momentum, even though we reached new highs.

Please make a bigger chart

EDIT: Cherry picking again. Please look at 6-hr and daily charts

[arepo]

Please make a bigger chart

sarcasm?

EDIT: Cherry picking again. Please look at 6-hr and daily charts

6-hr shows even momentum, still contradicting the rising price. and daily chart averages over the v-reversal price action completely. this is the second time you've accused me of cherry picking, and if you're going to trash my analysis so easily i'd appreciate it if you posted a chart yourself showing contradictory data or put any effort into the dialogue at all.

you're not even right. every chart, regardless of scale, shows the same exact data. i picked the largest interval i could without completely losing granularity. the only reason the daily chart doesn't match with my analysis is because it averages across the entire high volatility section of the price action, which is what im trying to comment on.

[jl2012]

Please make a bigger chart

sarcasm?

No.....just can't read your tiny charts.....

6-hr shows even momentum, still contradicting the rising price. and daily chart averages over the v-reversal price action completely. this is the second time you've accused me of cherry picking, and if you're going to trash my analysis so easily i'd appreciate it if you posted a chart yourself showing contradictory data or put any effort into the dialogue at all.

you're not even right. every chart, regardless of scale, shows the same exact data. i picked the largest interval i could without completely losing granularity. the only reason the daily chart doesn't match with my analysis is because it averages across the entire high volatility section of the price action, which is what im trying to comment on.

At least I would call it inconclusive, but you tend to show the bearish-est one

[humanitee]

And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.

the knife says at least one of us, if not many, do.

And those jokers (read: Adam) just got shook so hard their pockets are barren.
It's cool though, don't learn your lesson. More bad advice please!

Also, if you could draw some more arbitrary lines on one indicator to make your case, that would be great. Thanks bro.