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Author Topic: Pullback from $75?  (Read 2821 times)
zeroday
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March 22, 2013, 03:16:03 AM
 #21

As I see on market depth, the crash could start at $74


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March 22, 2013, 03:23:34 AM
 #22

Crash?

All the way down to $71.9 maybe....

Last night the wall from $68.9 - $70 was over 10k BTC, and it came crashing down in a matter of hours. This wall is only ~$8k. There is less buying pressure due to the time of the day, but there is no sign of a crash.

That said, I guess we will stay around here for a day or two. I expect $75-> high $90s will be very swift next week.

Just a guess though -- it could all happen much sooner than that.

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March 22, 2013, 09:27:05 PM
 #23

Is 64 now and going down. Panic ?

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March 22, 2013, 09:31:41 PM
 #24

Is 64 now and going down. Panic ?


Nope, just a correction down to support, and helped by the intimidation walls of our 'benevolent manipulator' (if they are benevolent haha)
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March 22, 2013, 09:33:23 PM
 #25

Is 64 now and going down. Panic ?


Nope, just a correction down to support, and helped by the intimidation walls of our 'benevolent manipulator' (if they are benevolent haha)

This is normal, people taking profits, and others buying a little. I'm happy with bitcoin at 50-60 for a while. Let the market catch up and get used to these values, then off to another rally.

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March 22, 2013, 09:36:11 PM
 #26

Is 64 now and going down. Panic ?


Nope, just a correction down to support, and helped by the intimidation walls of our 'benevolent manipulator' (if they are benevolent haha)

This is normal, people taking profits, and others buying a little. I'm happy with bitcoin at 50-60 for a while. Let the market catch up and get used to these values, then off to another rally.

Agreed, I'd be happy with that.
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March 22, 2013, 09:39:06 PM
 #27

Good weekend to buy I reckon
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March 23, 2013, 12:57:05 AM
 #28

Even on a logarithmic scale it's spiked above the trend. I would feel a lot more comfortable if it dipped again for now, or at least slowed to steady exponential growth.

Haha, we are calling exponential growth 'steady' now  Grin

To a physicist or mathematician, it can be. Its a proportionality thing.

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March 23, 2013, 02:36:58 AM
 #29

Even on a logarithmic scale it's spiked above the trend. I would feel a lot more comfortable if it dipped again for now, or at least slowed to steady exponential growth.

Haha, we are calling exponential growth 'steady' now  Grin

To a physicist or mathematician, it can be. Its a proportionality thing.

To clarify: It would be nice to see the growth rate fit a curve with a zero gradient second derivative, i.e. steady acceleration, none of this increasing rate of change of the rate of change malarkey.
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March 23, 2013, 03:16:46 AM
 #30

Even on a logarithmic scale it's spiked above the trend. I would feel a lot more comfortable if it dipped again for now, or at least slowed to steady exponential growth.

Haha, we are calling exponential growth 'steady' now  Grin

To a physicist or mathematician, it can be. Its a proportionality thing.

To clarify: It would be nice to see the growth rate fit a curve with a zero gradient second derivative, i.e. steady acceleration, none of this increasing rate of change of the rate of change malarkey.

There'll be a place like that in the s-curve (and probably a few along the way too Cheesy )

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March 23, 2013, 05:34:07 AM
 #31

Bitcoin roller-coaster  Cheesy
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