chessnut
Legendary
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Activity: 924
Merit: 1001
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April 18, 2014, 11:34:39 AM |
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I don't know if we will go lower than 450 (if we go lower at all), instead I think there might be a rally soon ...
+1 the bears are pathetic right now. |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 18, 2014, 11:36:42 AM |
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Got my bid orders at $432, is this too low??
maybe 448 is better
 if not 450-460, then 410. thats my take. if 432 gets filled it might leave you high and dry. Well it is based on the last reversal where we had a pullbackn from 100 to 78 100/78=1.28 545/1.28=425 It looks like we are following the same pattern, if we run up slowly to 520 the next couple days, that confirms it further |
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rjp55
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April 18, 2014, 11:37:06 AM |
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April 18 was my date to wait for the latest round of Chinese FUD to clear. Almost ready to start buying again with a close eye on the next round from China. Never been a "should I buy at 480 or wait for 450" kind of guy. Eye on the long term future without leaving myself too vulnerable to short term market panic attacks.
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TERA
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April 18, 2014, 11:37:22 AM |
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There were once days when the order books were helpful. They looked like this:  |
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edwardspitz
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April 18, 2014, 11:38:08 AM |
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Here is a clip from the Big Lebowski for your enjoyment while we parse the time and wait for the next dump or hope for some unexpected good news will turn up (= small rise. Are the Chinese good at marketing?). https://www.youtube.com/watch?v=VLR_TDO0FTg To me just seems like a good analogy for the current sentiment. Watch the clip and replace "She" with "Bitcoin".  Bitcoin is like a young trophy wife, in the parlance of our times. She needs money man :-) |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 18, 2014, 11:39:20 AM |
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I think the market is waiting for an announcement from Huobi that they just aint gonna get. thinking of resuming long in a few hours.
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ShroomsKit
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April 18, 2014, 11:40:40 AM |
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Dumping at this point is just a bit...stupid.
Edit: there seems to be some panic in the air. Anouncement incoming?
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 18, 2014, 11:42:11 AM |
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Dumping at this point is just a bit...stupid.
indeed it is but nobody thinks that the world market is clever, right? |
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edwardspitz
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April 18, 2014, 11:43:32 AM |
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Here is a clip from the Big Lebowski for your enjoyment while we parse the time and wait for the next dump or hope for some unexpected good news will turn up (= small rise. Are the Chinese good at marketing?). https://www.youtube.com/watch?v=VLR_TDO0FTg To me just seems like a good analogy for the current sentiment. Watch the clip and replace "She" with "Bitcoin". Bitcoin is like a young trophy wife, in the parlance of our times. She needs money man :-) Oh.. I guess we don't get "the good news" scenario today |
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ShroomsKit
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April 18, 2014, 11:44:20 AM |
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Yup, it's omg panic time.
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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April 18, 2014, 11:46:37 AM |
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Just woke up, why it went down again?  |
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TERA
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April 18, 2014, 11:51:32 AM |
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How about you ask yourself "why did it go up 60%" in the first place?
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ShroomsKit
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April 18, 2014, 11:52:16 AM |
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Just woke up, why it went down again? My guess because of China news that may or may not come. Yes, traders are that retarded. People sell because of a rumour that there might potentially be a new rumour. Doesn't matter if it's positive or not. Just panic and sell. Other option is: omg someone sold 200 coins omg omg he must have China news omg sell sell sell. |
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edwardspitz
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April 18, 2014, 11:53:05 AM |
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Just woke up, why it went down again? We lowered the price a bit while you were sleeping It was a shared effort but we blame the Chinese. We lowered it because no one was buying. Just to get you a bit exited about the new low price |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 18, 2014, 11:57:02 AM |
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How about you ask yourself "why did it go up 60%" in the first place?
That's exactly what I'm asking myself. |
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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April 18, 2014, 11:58:06 AM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly  |
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p0peji
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April 18, 2014, 11:58:40 AM |
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This looks like a slow dump, but there has already been way over 1k bid orders eaten away, so eventhough the orderbook looks bullish, this is mega bearish.
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 18, 2014, 12:00:18 PM |
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zby
Legendary
Offline
Activity: 1592
Merit: 1001
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April 18, 2014, 12:04:45 PM |
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Too many bullish threads. Time for a correction.
But will it be just a correction - or was the run up to 540 a correction of the longer down trend that just resumed its reign?
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rjp55
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April 18, 2014, 12:05:25 PM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly Day traders are dedicated, I give them that much. I track major bubble movements and overall sentiments, but some stuff I read on here is from 24 hour chart watchers who seem to make decisions and start drawing lines with every $5 fluctuation in price. I could never do that. I just hope they are successful enough to make it worth their while, let alone not lose their shirt. Seems like a sad way to spend a majority of one's time, especially with nice weather on the horizon (here in Canada anyways, I am hoping). |
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