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Vladimir
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June 14, 2011, 12:38:25 AM |
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are we gonna see the price hitting 25 today?  Bitcoin is a marathon, not a sprint, have some patience, people.  |
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brocktice
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June 14, 2011, 02:29:52 AM |
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are we gonna see the price hitting 25 today? Bitcoin is a marathon, not a sprint, have some patience, people. A marathon with really crazy interval training. |
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kicir
Newbie
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Activity: 56
Merit: 0
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June 14, 2011, 05:26:23 AM |
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looks like it's heading south for the early part of this morning
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hoki
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Activity: 105
Merit: 10
Say BYE to tobacco taxes and bureaucratized trade.
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June 14, 2011, 04:30:53 PM |
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Bitcoin is a marathon, not a sprint, have some patience, people. not everyone is mining  |
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YoYa
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June 14, 2011, 08:07:51 PM |
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Order book looks healthy, close on 10000 at 15, 15000 at 15, and raising to 20000 as it goes towards 13. Can't see ten in the current graph, but betting it's massive. Demand is there, but it's rather patient in light of last weeks volatility, will be interesting how things turn out.
Would love to speculate if it will go higher or lower, but unfortunately know what a useless exercise that will be. Indicators look good, let's leave it at that.
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S3052 (OP)
Legendary
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Activity: 2100
Merit: 1000
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June 14, 2011, 08:58:48 PM |
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There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish
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Vladimir
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June 14, 2011, 09:06:33 PM |
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There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish
That's less than one day volume... not such a big deal... |
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davout
Legendary
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Activity: 1372
Merit: 1007
1davout
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June 14, 2011, 10:12:47 PM |
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There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish
Hmm... It is too bad we can not see the whole orderbook. The representation is pretty accurate nonetheless IMO, if you assume dark orders are evenly distributed. |
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S3052 (OP)
Legendary
Offline
Activity: 2100
Merit: 1000
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June 15, 2011, 05:04:15 AM |
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Here a technical update.
http://chart.ly/bkh9bpa
by the way, where is the StockTwits symbol $BCOIN to pick there. It was announced on bitcoinwatch but I cant pick it.
http://bitcoinwatch.com/
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andes
Jr. Member
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Activity: 42
Merit: 2
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June 15, 2011, 10:13:29 AM |
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My technical update.The calm before the storm??  https://i.imgur.com/XkCA6.png0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address. 
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kokjo
Legendary
Offline
Activity: 1050
Merit: 1000
You are WRONG!
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June 15, 2011, 10:29:20 AM |
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My technical update.The calm before the storm?? https://i.imgur.com/XkCA6.png0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address. likely in the longterm, i think that the bitcoins is going +1000$ in 10 years. but right now its going down, because its overpriced. |
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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davout
Legendary
Offline
Activity: 1372
Merit: 1007
1davout
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June 15, 2011, 12:02:02 PM |
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There is almost a million $ worth of bitcoins for sale in the mtgox orderbook below the all time high of 32$. This is not bullish
Hmm... It is too bad we can not see the whole orderbook. The representation is pretty accurate nonetheless IMO, if you assume dark orders are evenly distributed. , my friend, is a pretty big assumption. You can try to use the visible order book for market analysis, and I suppose it could give you pretty good results if the variance is about what you expect... Until it isn't. If you have enough you pretty much always trade dark, because you usually don't want to move the market either way. So I think it's not perfectly accurate but it's a reasonable assumption nonetheless. You might argue that people put big normal orders to attempt to shift the market one way or another, but they probably even out. Guess only mtgox knows  |
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davout
Legendary
Offline
Activity: 1372
Merit: 1007
1davout
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June 15, 2011, 04:39:31 PM |
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I wonder of there is a way to tease out data on dark pool trades by correlating visible trades to block chain transactions...
You can see recent big deposits since mtgox moved a shit-ton of coins in a single transaction a couple of days ago, these deposits are probably big dark orders now. But otherwise no. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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June 15, 2011, 06:21:00 PM |
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My technical update.The calm before the storm?? https://i.imgur.com/XkCA6.png0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address. likely in the longterm, i think that the bitcoins is going +1000$ in 10 years. but right now its going down, because its overpriced. When the exchange rate blasted into the 30s last week I got a little worried that my prediction of no higher than $20/BTC by the end of the year might be wrong. I'm feeling more confident again. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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S3052 (OP)
Legendary
Offline
Activity: 2100
Merit: 1000
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June 18, 2011, 07:38:24 AM |
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I have reset the market sentiment poll.
Up?
Same as now?
Down?
I don't know?
click on the poll above.
Please VOTE
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nster
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June 18, 2011, 09:57:54 AM |
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My technical update.The calm before the storm?? https://i.imgur.com/XkCA6.png0 years experience in trading. If you would like a donation for the wasted time, please send me your bitcoin address. likely in the longterm, i think that the bitcoins is going +1000$ in 10 years. but right now its going down, because its overpriced. When the exchange rate blasted into the 30s last week I got a little worried that my prediction of no higher than $20/BTC by the end of the year might be wrong. I'm feeling more confident again. My bet is no more than 50$ by the end of the year..... 20$ is just too low |
167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Please be kind if I helped |
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bitcola
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June 18, 2011, 07:58:18 PM |
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I should say that this technical analysis is extremely simplified: simple trendlines and RSI.
This is a lousy way to trade. No offence to the OP and his contributions, but do not rely on such limited analysis.
Better to take a fundamental view of where you think it will go in the medium and long term and why (justify it). Then use technicals for timing your trades to obtain good prices.
You can use the technicals any way you want. For example, one could say that what you actually have there is a descending triangle that has already broken on the downside and indicates a confirmed sell signal.
In fact, if it breaks your red line then I would say that is additional confirmation to sell and to go ahead and unload.
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bitcola
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June 19, 2011, 06:51:17 AM |
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But so far it is telling me to get ready for $20-$27.
What is "it"? Intuition is no way to trade. You must break everything down into logic and reasoning or you will get burned. The technicals are way too volatile right now to infer a trend. Only a fundamental view can justify your theory it will run to $20-27. If so, what theory is that? |
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S3052 (OP)
Legendary
Offline
Activity: 2100
Merit: 1000
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June 19, 2011, 07:35:58 AM |
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Not everyone believes in technical analysis and this is fine. Everyone should chose where he is most comfortable with.
For myself and my followers and subscribers, there is great evidence that the technical analysis for bitcoins has worked and still is working very well to time trades.
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Anth0n
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June 19, 2011, 02:42:58 PM |
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Not everyone believes in technical analysis and this is fine. Everyone should chose where he is most comfortable with.
For myself and my followers and subscribers, there is great evidence that the technical analysis for bitcoins has worked and still is working very well to time trades.
Are you still taking subscribers? I sent an email about it and did not get a response. |
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Poll
