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Question: What happens next?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21437483 times)
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TheKoziTwo
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May 21, 2013, 09:00:37 PM
 #10001

Just stay on your toes, that's all I'm saying.
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Le Happy Merchant
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May 21, 2013, 09:02:41 PM
 #10002

A friendly reminder from a 2011 survivor.

Graph

Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.
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May 21, 2013, 09:02:51 PM
 #10003

Frozenlock
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May 21, 2013, 09:05:37 PM
 #10004

Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.

The $30 price peak revealed Bitcoin to the world.
It was unthinkable that the price would go down when so many people had been exposed to this world changing invention.
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May 21, 2013, 09:08:19 PM
 #10005

Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.

The $30 price peak revealed Bitcoin to the world.
It was unthinkable that the price would go down when so many people had been exposed to this world changing invention.

Clearly someone did, or they wouldn't have sold.
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May 21, 2013, 09:09:23 PM
 #10006

Clearly someone did, or they wouldn't have sold.

Glad you see my point.
TheKoziTwo
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May 21, 2013, 09:11:29 PM
 #10007

It's different this time™
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May 21, 2013, 09:11:57 PM
 #10008

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

So what's your prediction?
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May 21, 2013, 09:13:07 PM
 #10009

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
Frozenlock
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May 21, 2013, 09:15:30 PM
Last edit: May 21, 2013, 09:48:26 PM by Frozenlock
 #10010

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

So what's your prediction?

I don't have one. I just don't think this overly bullish ambiance is a good thing.

Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.
niothor
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May 21, 2013, 09:23:01 PM
 #10011

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.

This is want you think it will happen , or what you WANT to happen ? Smiley
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May 21, 2013, 09:23:50 PM
 #10012

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

So what's your prediction?

I don't have one. I just don't think this overly bullish ambiance is a good thing.

Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.

The bigger difference in the fact you'll buy back in when it bottoms out, which was contrary to what most people did in 2011.  Wink
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May 21, 2013, 09:34:33 PM
Last edit: May 21, 2013, 09:52:42 PM by Abandon
 #10013

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.

This is want you think it will happen , or what you WANT to happen ? Smiley

Both, but the market doesn't care what I want. So I go with what I think will happen, if what I want and what I think both happen to coincide, so be it.

Some notes:
The bitcoin loans are getting increasingly more expensive on Bitfinex.

The buy wall at $121 is very strong, because that's the lowest it will go in this consolidating triangle.

Not much of a sell wall between $123-124, which is about where the resistance is right now.

Lots of positive/neutral news recently.
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May 21, 2013, 09:35:57 PM
 #10014

Clearly someone did, or they wouldn't have sold.

Glad you see my point.

So what's your prediction?

I don't have one. I just don't think this overly bullish ambiance is a good thing.

Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.

http://www.youtube.com/watch?v=S8QM79i-lXQ
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May 21, 2013, 09:43:31 PM
 #10015

I don't have that many.  Grin
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May 21, 2013, 10:01:21 PM
 #10016

It obviously broke a very strong support a while before it started to crash
So did we.



Just stay on your toes, that's all I'm saying.

Would this trendline look the same if it weren't for the exponential scale?
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May 21, 2013, 10:02:43 PM
 #10017

Frozenlock
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May 21, 2013, 10:05:26 PM
 #10018

Would this trendline look the same if it weren't for the exponential scale?

Well no, it would look like an exponential function on a linear scale.  Cheesy
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May 21, 2013, 10:06:33 PM
 #10019

A candy for the bulls:

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May 21, 2013, 10:07:20 PM
 #10020

It obviously broke a very strong support a while before it started to crash
So did we.



Just stay on your toes, that's all I'm saying.

Would this trendline look the same if it weren't for the exponential scale?

It was growing exponentialy for a while before it went nova, so the trend line is difficult to discern. Either way, it will pick back up on it eventually.
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