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BitcoinAshley
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July 06, 2013, 03:19:51 AM |
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There's still too much optimism regarding $50 to call a bottom. When adamstgbit turns bear, that would be a good contrarian indicator.  |
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adamstgBit
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July 06, 2013, 03:20:08 AM |
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P.s. I bought back in at 70. We are overdue a sucker rally/dead cat bounce.
I'm not often agreeing in you, but when I do, I close my shorts.  Many people here are expecting a bounce around $50 and there is a tremendous amount of orders around this price. I wouldn't be surprised if the bounce happens just a little bit before, to screw the maximum number of individuals.  this Are you guys saying we're gonna bounce at 60-63 or that we already bounced at 65? this is bottom... could be the final bottom we are probably going to paint a double bottom 66 - 80 - 67 ... ... 180! Sure bet Trade accordingly |
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adamstgBit
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July 06, 2013, 03:20:33 AM |
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There's still too much optimism regarding $50 to call a bottom. When adamstgbit turns bear, that would be a good contrarian indicator. lol never |
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zemario
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July 06, 2013, 03:29:09 AM |
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P.s. I bought back in at 70. We are overdue a sucker rally/dead cat bounce.
I'm not often agreeing in you, but when I do, I close my shorts. Many people here are expecting a bounce around $50 and there is a tremendous amount of orders around this price. I wouldn't be surprised if the bounce happens just a little bit before, to screw the maximum number of individuals. Or it could keep on dive to the point where they start to doubt it will ever bounce and get screwed even harder. Right now it's quite entertaining to watch the order book movement on mtgox. A lot of badasses placed orders on 50-60 when we were ~80. Funny how a a tiny amount of offer order that quickly spreat to 100+ USD is enough to exposes badasses' tiny balls. Chaotic panic buying order pulling is going on right now. It will be an easy ride till 50 and beyond. |
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hlynur
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July 06, 2013, 03:39:58 AM |
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this is bottom... could be the final bottom we are probably going to paint a double bottom 66 - 80 - 67 ... ... 180! Sure bet Trade accordingly  wait...what timeframe are you estimating. |
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adamstgBit
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July 06, 2013, 03:54:45 AM |
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humanitee
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July 06, 2013, 03:57:33 AM |
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LOL love the 3rd one Adam.
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ChartBuddy
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July 06, 2013, 04:00:51 AM |
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hlynur
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July 06, 2013, 04:09:04 AM |
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derpinheimer
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July 06, 2013, 04:26:29 AM |
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Bids seem to be rising at a rate slightly higher than asks.
However... bid/ask is looking much healthier, and it's going to take about 25k of market sells to make it any worse.
Bottom? Or just the first half of the selling is over?
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Nightowlace
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July 06, 2013, 05:00:17 AM |
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Or just the first half of the selling is over?
^ This It isn't going to be over until we hit mid $50's |
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ChartBuddy
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July 06, 2013, 05:00:46 AM |
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derpinheimer
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July 06, 2013, 05:09:11 AM |
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Or just the first half of the selling is over?
^ This It isn't going to be over until we hit mid $50's What happened to long, slow slide? We've dropped almost half in less than 2 weeks. Arent we overdue for a correction-correction?  [Dead cat bounce, is this the term?] |
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kickinyou
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July 06, 2013, 05:36:13 AM |
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What i dont understand is the people that are holding ,say 10k B that thay are not cashing out now ?
Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
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byronbb
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HODL OR DIE
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July 06, 2013, 05:40:51 AM |
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What i dont understand is the people that are holding ,say 10k B that thay are not cashing out now ?
Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
A person with 10k B probably bought them for $10,000. |
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adamstgBit
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July 06, 2013, 05:50:33 AM |
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Ultraviolet
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July 06, 2013, 05:59:49 AM |
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88k BTC to $50 on the bid side, while there's only 143k BTC total on the orderbook. 25k BTC just to $60. Not that it's really all that indicative of anything since when shit really goes down, walls tend not to mean anything at all.
But 60k BTC in bids from $60 to $50 appears somewhat bullish. A lot of buying pressure may just be waiting for "cheap coinz", which may never materialize.
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ChartBuddy
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July 06, 2013, 06:00:50 AM |
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SilentSonicBoom
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July 06, 2013, 06:54:09 AM |
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Or just the first half of the selling is over?
^ This It isn't going to be over until we hit mid $50's Agreed. But $50's looks like a great chance to make some fiat on a bounce! |
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Wekkel
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yes
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July 06, 2013, 07:01:00 AM |
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We are in quite oversold territory now. A bounce would not be extraordinary, but in the larger scheme of things, the overall trend is still down.
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