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Sword Smith
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April 22, 2013, 04:01:37 PM |
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Maybe a little spike as the idiots that bought into this story (ie sold coins) buy em back
Or how about nothing happens and it continues to be an extremely boring day ...
The volume has been low, ergo there are no idiots who sold their coins. We are talking about buys being delayed by 6-24 hours, nothing more, but even this, when deployed, will raise us to $128 minimum, perhaps $135 or even a post-crash high, at the instant it starts. Tuesday used to be a rally day...  I consider the April 10th crash a bit like the Black Monday crash of Dow Jones in 1987. The market fell 25 % only to increase tenfold the next 13 years. Sure, much of it was inflation but the charts look nice  I think bitcoins might move faster than a tenfold increase in 13 years, though. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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DougTanner
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April 22, 2013, 04:04:01 PM |
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Nice bidwall up at $122.  Pulled pretty quick though.  |
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phoenix1
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April 22, 2013, 04:09:54 PM |
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Maybe a little spike as the idiots that bought into this story (ie sold coins) buy em back
Or how about nothing happens and it continues to be an extremely boring day ...
The volume has been low, ergo there are no idiots who sold their coins. Check this thread and you will see some people did ... https://bitcointalk.org/index.php?topic=183106.0LOL ! At least they're man enough to 'fess up ! I would be stunned if it did not bounce back to about $128 in 2 hours, when people execute their held back buys...  I got my stun gun ready ...  If I am still awake ... |
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phoenix1
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April 22, 2013, 04:19:58 PM |
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some people are just straight up mugs
For some of them it's not a life choice |
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SlipperySlope
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April 22, 2013, 04:24:23 PM |
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 Looks to me that tops are trending lower and support holding at 110. Could this develop into a channel or will the depth squeeze be resolved with a break upwards or downwards? |
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phoenix1
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April 22, 2013, 04:27:12 PM |
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It seems like this thread is going down the drain too  WTF is wrong with a bit of banter when there's fuck all going on ... or when we're about to get nuked Far as I can see it gets sensible again pretty quick when there is some action - that's the most important thing IMO YMMV |
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phatsphere
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April 22, 2013, 04:40:42 PM |
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Looks to me that tops are trending lower and support holding at 110. Could this develop into a channel or will the depth squeeze be resolved with a break upwards or downwards? If this correct it will go down. |
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DougTanner
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April 22, 2013, 04:42:19 PM |
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Big buy, trending upwards.  |
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SlipperySlope
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April 22, 2013, 04:56:28 PM |
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Looks to me that tops are trending lower and support holding at 110. Could this develop into a channel or will the depth squeeze be resolved with a break upwards or downwards? If this correct it will go down. Just before the pattern I outlined, approximately 120K BTC were purchased between $100 and $136, if prices drop those traders - if still holding, will be at a loss and be highly motivated to capitulate. If only 60K BTC sold at once, bids would be consumed down to $83, from where I would expect a nearly full recovery back to say $110 - 120. |
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samurai1200
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April 22, 2013, 05:02:32 PM |
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Doesn't a downward consolidation after a rally indicate a continuing rally?
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 22, 2013, 05:12:18 PM |
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Doesn't a downward consolidation after a rally indicate a continuing rally?
Only in a bull market. |
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phoenix1
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April 22, 2013, 05:35:13 PM |
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I would be stunned if it did not bounce back to about $128 in 2 hours, when people execute their held back buys...  Time's up ... there ya go |
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ManBearPig
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April 22, 2013, 05:44:15 PM |
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 Some nice pressure on the $124 and $125 Ask walls. Also. I haven't been posting in this thread because, well, generally what I posted in the old WO thread would have been strictly off-topic. Are we back to random graphics here then? |
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Rockford
Member
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Activity: 87
Merit: 10
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April 22, 2013, 05:47:37 PM |
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Some nice pressure on the $124 and $125 Ask walls. Also. I haven't been posting in this thread because, well, generally what I posted in the old WO thread would have been strictly off-topic. Are we back to random graphics here then? knock yourself out |
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Rockford
Member
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Activity: 87
Merit: 10
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April 22, 2013, 05:57:13 PM |
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DougTanner
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April 22, 2013, 06:02:35 PM |
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Wall @ $124 is down.  |
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dmiceman
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April 22, 2013, 06:10:39 PM |
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Wall @ $124 is down.
Volume is ridiculous. We have seen what a "wall" at 124 was breached several times in a past days. Wall at 125 might also be taken. But there is a high hills ahead at 130 where the dangerous dumping monsters growl awaiting careless travelers. Oh, does not matter. We are in 123 territory again. |
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1018
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April 22, 2013, 06:42:07 PM |
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the longer you hold back the more powerfull the eruption
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Cablez
Legendary
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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April 22, 2013, 06:54:55 PM |
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the longer you hold back the more powerfull the eruption
That's what she said. Sorry couldn't resist, here is a wall though:  |
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phoenix1
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April 22, 2013, 07:06:50 PM |
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the longer you hold back the more powerfull the eruption
That's what she said. Sorry couldn't resist Needed saying |
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