Best technical indicator ever? I'm sure if you started turning bull you could actually get what you wish for proudhon, just let me know in advance!
Wow. Probably a good time to short. Looks like we're going back down to around $1.
If we could get the price to tumble hard back into single digits, that'd be awesome!
I'm pretty close to selling a few hundred, so maybe I can help out a little. Gotta think about it a little more.
Seems like a pretty sure bet to me that the price will come down to $13.00 in the next few months.
Do you think there's a good chance we'll make it back down to $5 again? $2?
Bulls haven't been able to break a high that was put in place a year and a half ago, haven't been able to break this year's high, and have been bumping up against this $13-15 zone since September without breaking through. We've seen decreasing volume since this year's high, with an overall decreasing volume for the year. All this in the face of numerous positive developments. What do you think, myself? Everything, including the fundamentals seems to point down, way down, for the medium to long term. Right? If you're going to take a longterm position right now it should be a long term short. Yes?
If there ever was a good reason to short, this is it.
What do you mean "the ask walls are very thin"? They look just about as robust as they've ever looked within 30% of the spot price, minus the exceptional >10kBTC wall.
Oh, I still think there's a pretty good chance we'll see single digits this year. What'd I say before? April or something? Yeah, I think that's plausible.
I think it's far more likely that the recent $14.3x will be the 2013 high.
Ok, whatever the 2012 high was. It's not going higher than that this year. That's my guess.
Probably gonna see a pretty intense round of selling soon. My guess is large dumps down to $14, followed by a bunch of panic selling into the $13s.
Man, has it been that long already? Still waiting to buy again at $2.
Meh, I'm still waiting on single digits before buying again.
A proper dump like we've seen in the past could easily take out everything down $13. I'm waiting for that one, and the subsequent panic selling.
I think so. Likely going to see a mutli-month decline/stagnation.
We're at the beginning of a long down trend, I think.
Soon enough I'll be buying your single digit coins.
Really, this isn't good. The coming crash is going to be really bad. But, I guess that's how this thing is gonna go for a looooong time. 2 steps forward, 1.9 steps back.
On the bright side, now we know the 2013 high.
Another successful bitcoin pump and dump. Everyone ready for the long slide into single digits?
You're forgetting the correction part, before the stagnation. We're likely headed much lower than this. The crash is just the beginning. It's the big boys setting the trend. Now everyone else is going to start unloading, and this will probably go on for months. I don't know if Adam is joking around, but we probably will go below $10.
I think we're unlikely to see the price go higher than that before May.
Exactly. It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower. I've got all the time in the world.
Just broke $3 million in bids. C'mon bears! Eat!
Meh, just a doing a double top-ish sort of thing. Crash coming.
The Ms have spoken. You shall not pass $20. Long term correction on the horizon.
Ok, we've peaked.
Not impossible, but not unlikely. I think we've finally seen the 2013 high.
So, anyway, seems pretty obvious. We're in the bull trap/return to normal area.
This is going to turn into another disaster.
FFS, where is all this money coming from?
Same. I woke up this morning completely baffled.
WTAF? Stop buying for a minute.
I'm so scared of the coming correction.
Yeah, I agree. I think we've finally seen the top for 2013. About time.
The top, we finally found it! Yes!?
I can't watch.
The bid side of the MtGox order book has filled back in to $3.5+ million, which means the market can sustain more dumps for large holders who want to cash out, say, above $20. I expect we'll see more dumps.
It might break past $30, but I'm pretty sure it'll smack down hard not long after that. We won't be over $30 for very long.
Chances are better we'll see single digits, I think.
This is probably the beginning of the race for the doors. Get your bitcoins ready everyone.
Alright, back from the weekend and ready to watch the correction intensify.
Hard to imagine buying past the recent 2013 high. We're very likely in correction territory. Probably just need one more large player to made the change definitive, and then we'll see the herd race each other to the door. We could still very easily see single digits as downward momentum builds.
This is probably the top.
