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Author Topic: Bitcoin Chart 16th April 2013: is this the bottom?  (Read 1171 times)
ManBearPig (OP)
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April 16, 2013, 09:16:36 AM
Last edit: April 16, 2013, 03:00:41 PM by ManBearPig
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April 16, 2013, 03:03:11 PM
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Updated: 1500 UTC.

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April 16, 2013, 03:09:55 PM
 #3

IF we're going back to the main uptrend, we'll probably see some lower lows. The price did overshoot the trend, but only by a little amount, compared to how higher than trend it was before the crash. My personal bottom prediction is $30-40.

If it did got back to trend at 80-100 and stayed there, then that would be a very, very bullish signal.
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April 16, 2013, 03:23:59 PM
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IF we're going back to the main uptrend, we'll probably see some lower lows. The price did overshoot the trend, but only by a little amount, compared to how higher than trend it was before the crash. My personal bottom prediction is $30-40.

If it did got back to trend at 80-100 and stayed there, then that would be a very, very bullish signal.

My head is telling me 30-50 will be the bottom... but my gut is telling me 60 was the bottom...

I guess I will pop back in around 80-100 if it stays there for a few days... but I think buys at 50-60 aren't bad you just might have to wait a bit longer before you can sell (if you are short term/day trading).
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April 16, 2013, 03:27:39 PM
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Scammers still trying to get you to buy their coins based on starting their graphs based in 2013. Draw the line through the charts starting in Jan 2012 and you'll see what's what.
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April 16, 2013, 03:30:06 PM
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Waiting for $30 you may end up losing chance to buy at $60.
Bears spreading FUD because they want your coins for cheap and then send it to you at over $100.

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