adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 09, 2014, 02:42:47 AM |
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Gotta love that calm before the storm feeling.  Is there anything about to happen? Some good news maybe.. everything is about to happen and soon!  |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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BBmodBB
Full Member
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Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
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June 09, 2014, 02:44:51 AM |
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Gotta love that calm before the storm feeling. Is there anything about to happen? Some good news maybe.. everything is about to happen and soon!  ^/\^buyers panic as they realize large blocks of BTC are nowhere to be found!!!!  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 09, 2014, 03:01:04 AM |
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Arghhh
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June 09, 2014, 03:07:51 AM |
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cspeter8
Newbie
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Activity: 43
Merit: 0
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June 09, 2014, 03:17:54 AM |
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I think the top trendline fits the data better if drawn a bit steeper, crossing at a lower price, a day or two from now. What do you think of that? |
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Raystonn
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June 09, 2014, 03:20:41 AM |
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I think the top trendline fits the data better if drawn a bit steeper, crossing at a lower price, a day or two from now. What do you think of that? Agreed. The second peak chosen doesn't have enough volume to be valid. The peak on June 5th looks much more solid. |
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Arghhh
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June 09, 2014, 03:35:59 AM |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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June 09, 2014, 03:55:57 AM |
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So depending on the chart the TA-traders are using, we should see some major action from 24hrs-72hrs from now?
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 09, 2014, 03:58:38 AM |
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Have you noticed the drop in hashrate lately.
yeah, sorry about that, I had to go out of town for work, just logged in to see that one of my miners is off-line  just keep the price steady for me for a few days and when I get back I will rectify the hashrate problem... promise  |
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Raystonn
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June 09, 2014, 04:00:03 AM |
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So depending on the chart the TA-traders are using, we should see some major action from 24hrs-72hrs from now?
This is a classic bull pennant, launched from the 570 range. The outcome is usually a breakout to the upside. |
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jl2012
Legendary
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Activity: 1792
Merit: 1097
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June 09, 2014, 04:00:21 AM |
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Have you noticed the drop in hashrate lately.
yeah, sorry about that, I had to go out of town for work, just logged in to see that one of my miners is off-line just keep the price steady for me for a few days and when I get back I will rectify the hashrate problem... promise Hashrate always drops after every difficulty increase. Nothing unusual |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 09, 2014, 04:01:08 AM |
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Raystonn
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June 09, 2014, 04:03:07 AM |
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So depending on the chart the TA-traders are using, we should see some major action from 24hrs-72hrs from now?
This is a classic bull pennant, launched from the 570 range. The outcome is usually a breakout to the upside. The target due to the pennant alone is about 750. But this will cause the weekly MACD to go green. So we could be in store for a little locomotion. |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 09, 2014, 04:10:39 AM
Last edit: June 09, 2014, 04:20:54 AM by shmadz |
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Have you noticed the drop in hashrate lately.
yeah, sorry about that, I had to go out of town for work, just logged in to see that one of my miners is off-line just keep the price steady for me for a few days and when I get back I will rectify the hashrate problem... promise Hashrate always sometimes drops after every difficulty increase. Nothing unusual ftfy *edit - unless by hashrate you mean the rate at which blocks are found, in which case, my apologies* and, in other news, the hashrate is still growing, but at least the rate of growth of the growth has been negative for some time,  still waiting on Neptune release though, that should pump it up once again. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 09, 2014, 05:01:03 AM |
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samsonn25
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June 09, 2014, 05:09:22 AM |
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Have you noticed the drop in hashrate lately.
yeah, sorry about that, I had to go out of town for work, just logged in to see that one of my miners is off-line just keep the price steady for me for a few days and when I get back I will rectify the hashrate problem... promise Hashrate always sometimes drops after every difficulty increase. Nothing unusual ftfy *edit - unless by hashrate you mean the rate at which blocks are found, in which case, my apologies* and, in other news, the hashrate is still growing, but at least the rate of growth of the growth has been negative for some time, still waiting on Neptune release though, that should pump it up once again. It would leave me to believe some farms are going offline as there is not much ROI left in their investment games. They are not upgrading equipment and fewer new players are coming in. |
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AceWallen
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June 09, 2014, 05:10:17 AM |
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So depending on the chart the TA-traders are using, we should see some major action from 24hrs-72hrs from now?
This is a classic bull pennant, launched from the 570 range. The outcome is usually a breakout to the upside. it isn't a bull pennant. a pennant is a shorter term pattern. this is a triangle. bitstamps still in its triangle, but it would have been a better signal if it broke out on the last wave. near the end, a "breakout" could actually just be more sideways. |
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edwardspitz
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June 09, 2014, 05:24:59 AM |
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Dumps...
Well at least a lot of selling going on  |
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FNG
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June 09, 2014, 05:45:39 AM |
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Snap-back like a rubberband imminent
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