BTC/USD: Ready for "The Running of the Bears"?

[deathcode]

Looks like ATC777 was right on the mark. I wonder if he will get any apologies from the people who said he was nuts

LOL, you're jumping the gun a little!!! hahah
He sold at 71...  how is that being right on the mark? he's off by a lot! this is just a correction and BTC changing hands...
It was at 95.70 this morning!!!! We'll see $90 again tomorrow!

Frame my comment and hang it somewhere!

[1714159111]

1714159111

[1714159111]

1714159111

[Mageant]

Someone showed me this image earlier, which was not made for the sake of Bitcoin but to descibe bubbles in general:

If you look closely at the chart you will find that we are actually at the take off phase.
Why?
Because that is the section where the Institutional Investors come in,
and we have had exactly that recently with the first Bitcoin Hedge Fund and the relaunch of Tradehill.

[ATC777]

Heheh, the bull trap is now set it seems... 

No guys, never called any particular number an exact top. Certainly not 75. 75 is where I decided it was time to start getting out and selling. In fact, I kept thinking in the back of my mind it just might reach 100... but idk about that now.

I said "I'm selling" and recommended others take their profits and enjoy them. But you never sell every bitcoin or every share of stock you own in one huge order -- you also don't buy in one huge order. You scale your way in and out, because no one can time these things perfectly. But I am finished selling now (perhaps was a bit premature), and looks like we got out just in time. 

Be careful here... always expect a "dead cat bounce" when these things start to fall apart, or a "bull trap" as some like to call them... Will be very interesting to see what happens next! 

Good luck!

--ATC--

[ATC777]

Looks like ATC777 was right on the mark. I wonder if he will get any apologies from the people who said he was nuts

Nah, they'll keep trying to get it twisted... I just hope they won't hard-headedly hold onto their coins if it goes into a catostrophic tail-spin back to the floor. How low will it go though? No idea... but we will find out. 

[smoothie]

Looks like ATC777 was right on the mark. I wonder if he will get any apologies from the people who said he was nuts

Nah, they'll keep trying to get it twisted... I just hope they won't hard-headedly hold onto their coins if it goes into a catostrophic tail-spin back to the floor. How low will it go though? No idea... but we will find out. 

LOL where is the dead cat bounce?

Usually a dead cat bounce encompasses at least 50% correction from top to bottom of the move.

I think you're just early to the price correction. There are too many positive things going on right now for bit coin to hold the price down.

[ATC777]

smoothie, this one... identified by the famous technical analyst Dr. McTrollstein:



 

[smoothie]

smoothie, this one... identified by the famous technical analyst Dr. McTrollstein:



 

1. I love how you are zoomed in on the 5 MIN chart lol.

2. I still dont see the dead cat bounce in the BIG PICTURE: http://bitcoincharts.com/charts/mtgoxUSD#rg120ztgSzm1g10zm2g25

fail troll is fail troll

Honestly there has got to be some better trolls around here. ACT777's trolling is pathetic. lol

[CurbsideProphet]

Looks like ATC777 was right on the mark. I wonder if he will get any apologies from the people who said he was nuts

Not at all.  It's a) a weekend and b) a long weekend.  Come Tuesday the price will no doubt rise again.

It's not really a long weekend.  I'm assuming you're referring to the US.  Good Friday is not a federal holiday and therefore banks are open.

[smoothie]

@ACT777,

Didn't you sell at <$76?

LOL no i'm not mad. I'm still in more profit than you.

[Dargo]

smoothie, this one... identified by the famous technical analyst Dr. McTrollstein:



 

I don't see a dead cat bounce here, because price retraced too much of the downward move. But that doesn't mean that this couldn't be the start of weakness that takes us significantly lower.

[BlackBison]

Yea I think Steve Jobs said something similar to 'new paradigm' in 1985, and probably bill gates and hundreds of other idiots too. That was the top of the software market and the nasdaq crashed to near zero shortly after never to rise again..

[Zangelbert Bingledack]

Note that the price shot up after the OP, and only fell so fast because it had just gone up so fast, and even at its nadir never reached as low as OP's selling price. It did all this after OP sold. Imagine if the situation were reversed. I expected a surge and bought, the price tanked, then it surged upward momentarily - but still less than it had fallen - and came back down again, me in the red the entire time. Do I get to say I called the surge?

This is what we call "grasping at straws." It's interesting that the recent wave of trolls and new bears all seem to have the same personality characteristic where they will grasp at anything and try to use it as evidence, even if it makes no sense at all upon closer inspection. Oh, and the other commonality is they all do it with a certain degree of attitude and the expectation of tiny memory span from other users.

[smoothie]

Note that the price shot up after the OP, and only fell so fast because it had just shot up, and even at its nadir never reached as low as OP's selling price.

This is what we call "grasping at straws." It's interesting that the recent wave of trolls and new bears all seem to have the same personality characteristic where they will grasp at anything and try to use it as evidence, even if it makes no sense at all upon closer inspection. Oh, and the other commonality is they all do it with a certain degree of attitude and the expectation of tiny memory span from other users.

In other words they are trying to TROLL the price down but in doing so and selling they actually end up shooting themselves in the foot. 

[Zangelbert Bingledack]

I don't think OP qualifies as a troll, just a misguided bear.

[smoothie]

I don't think OP qualifies as a troll, just a misguided bear.

lol yeah I guess putting up a 5 minute chart can calling it a DEAD CAT BOUNCE with a troll face is not "trolling".

[Zangelbert Bingledack]

It's not trolling, it's carrying the defiant and evasive habits of a child into adulthood in an attempt to save face. Trolling is trying to get a rise out of people. They sometimes look similar, but the intentions are different. I'm cool with people not being fully mature, as long as they are actually trying to add value in the first place, and I think OP sincerely was.

[ATC777]

I don't think OP qualifies as a troll, just a misguided bear.

lol yeah I guess putting up a 5 minute chart can calling it a DEAD CAT BOUNCE with a troll face is not "trolling".

lulz 

Let's all just shutup and watch the price? 

[smoothie]

I don't think OP qualifies as a troll, just a misguided bear.

lol yeah I guess putting up a 5 minute chart can calling it a DEAD CAT BOUNCE with a troll face is not "trolling".

lulz 

Let's all just shutup and watch the price? 

Says the guy who created this thread? lol....okay shut up lol

[ATC777]

It's not trolling, it's carrying the defiant and evasive habits of a child into adulthood in an attempt to save face. Trolling is trying to get a rise out of people. They sometimes look similar, but the intentions are different. I'm cool with people not being fully mature, as long as they are actually trying to add value in the first place, and I think OP sincerely was.

Wow... nice...  But don't get too philosophical. It was smoothie I made that chart for... smoothie...  

So yes, I was sort of "trolling" (hence the troll face) because he's been an asshole since he set foot in this thread. And your own reply I quoted above was an exponentially more cunning and masterful troll post, if I ever saw one. Well done -- I have been out-trolled!  

On a serious note, I think we might break below the $75-$70 range as soon as tonight, and selling will begin to intensify. I'll be looking for some bounciness down below at old S/R levels. Keep an eye on it, because it's about to get interesting.  

Regards,

--ATC--

[smoothie]

It's not trolling, it's carrying the defiant and evasive habits of a child into adulthood in an attempt to save face. Trolling is trying to get a rise out of people. They sometimes look similar, but the intentions are different. I'm cool with people not being fully mature, as long as they are actually trying to add value in the first place, and I think OP sincerely was.

Wow... nice...  But don't get too philosophical. It was smoothie I made that chart for... smoothie...  

So yes, I was sort of "trolling" (hence the troll face) because he's been an asshole since he set foot in this thread. And your own reply I quoted above was an exponentially more cunning and masterful troll post, if I ever saw one. Well done -- I have been out-trolled!  

On a serious note, I think we might break below the $75-$70 range as soon as tonight, and selling will begin to intensify. I'll be looking for some bounciness down below at old S/R levels. Keep an eye on it, because it's about to get interesting.  

Regards,

--ATC--

No i've been an asshole for much longer than this thread. Dont give yourself that much credit. I stick to the facts, if you don't like it please cry more and sell bit coins at lower prices. I will gladly take your profits/money. 

Your asshole friend,

Smoothie