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Pruden
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August 24, 2013, 10:34:16 AM |
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Like I said almost three months ago, bid sum decline in past 10 days (excluding the manipulation last weekend) signals a reversal not entirely unlike the one that unwinded through June. It's so obvious to me, an average person, that fundamentals keep getting stronger that I don't think the market will let the price fall further than the low 80's nor for longer than a month.
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 24, 2013, 11:02:42 AM |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 24, 2013, 12:02:37 PM |
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Loozik
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Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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August 24, 2013, 12:46:29 PM |
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$180 by next Friday, i promise.
This is going to be a terrible news for me if you fulfill on your promise. I want to buy back at double digits you know. Can you postpone your promise by 10 - 14 days? |
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ChartBuddy
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August 24, 2013, 01:02:42 PM |
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Tzupy
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August 24, 2013, 01:27:24 PM |
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$180 by next Friday, i promise.
This is going to be a terrible news for me if you fulfill on your promise. I want to buy back at double digits you know. Can you postpone your promise by 10 - 14 days? LOL. Don't feed the trolls, please.  The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market. But it's too early to tell when this will happen, just keep your eyes on the market. Could be 10 - 14 days as you mentioned. |
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Loozik
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Activity: 378
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Born to chew bubble gum and kick ass
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August 24, 2013, 02:01:15 PM |
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The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.
Can you post a mock-up chart of how you predict it happening? |
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ChartBuddy
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August 24, 2013, 02:02:35 PM |
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Tzupy
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Merit: 1074
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August 24, 2013, 02:07:35 PM |
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The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.
Can you post a mock-up chart of how you predict it happening? I don't predict it, EW theory predicts it, and it happened before between about 9th to 21st June. But I can't predict how this will unfold now, under different market conditions. It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.  |
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Loozik
Sr. Member
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Born to chew bubble gum and kick ass
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August 24, 2013, 02:24:43 PM |
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EW theory predicts it [...] It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.
I do not see the prediction on your chart. Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like. |
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Tzupy
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August 24, 2013, 02:47:41 PM |
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EW theory predicts it [...] It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.
I do not see the prediction on your chart. Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like. Sorry, I don't use tradingview. And I didn't paint a prediction on the chart, I asked you to just look at the 9th to 21st June interval, that's wave B of the previous bubble period. |
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phatsphere
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August 24, 2013, 02:53:29 PM |
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Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like.
tradingview shows them on it's own, just enable them, they are called "Elliott Wave". |
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ChartBuddy
Legendary
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August 24, 2013, 03:02:46 PM |
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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August 24, 2013, 03:18:59 PM |
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This is the moment for a bet all-in.
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phatsphere
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August 24, 2013, 03:20:38 PM |
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I sold about 500 above $121 yesterday, it was the right thing to do.
… please keep up posted about your short. |
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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August 24, 2013, 03:43:52 PM |
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Quite the pop on no volume.
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johnmatrix
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August 24, 2013, 04:07:18 PM |
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it has been very calm, low volume, low sales, lets see what will happen next.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 24, 2013, 04:38:38 PM |
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 stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating... |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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August 24, 2013, 05:08:22 PM |
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That chart is really terrible. It's not obvious at first glance that Mt Gox still represents a majority (>50%) of trades in BTC terms. |
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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August 24, 2013, 05:11:06 PM |
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 stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating... |
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