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ManBearPig
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April 22, 2013, 09:47:37 PM |
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I'll be impressed when we jump the 10-day high and hold it overnight ~ $136.
But no spikes, no drops - looks healthy.
In fact this whole area is littered with resistance: $133 half the ATH, $135 the 10-day (post-crash) high, $143 a long pre-crash plateau and last but least the psychological barrier of $150.
Sustained progress might be slow but progress we can expect.
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ineededausername
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April 22, 2013, 09:56:47 PM |
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This is the first time loaded said the week would be fun since before the crash!  |
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BitcoinAshley
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April 22, 2013, 10:25:08 PM |
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Uh, maybe my timeframe is off, but if I recall correctly - the last time Loaded alluded to a wild ride, was DIRECTLY before this recent crash. Should we be worried?  |
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zemario
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April 22, 2013, 10:27:23 PM |
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Has any wall lasted for as long as that at 130 now?
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Kazu
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April 22, 2013, 10:28:30 PM |
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Has any wall lasted for as long as that at 130 now?
I remember last time around the $150 held for ~3+ days. |
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crazy_rabbit
Legendary
 Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 22, 2013, 10:43:50 PM |
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The fiat is getting impatient.....:-)
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el_rlee
Legendary
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Activity: 1595
Merit: 1014
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April 22, 2013, 10:48:25 PM |
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And now: Sell-Off of the Asians.
I wonder how many rounds of this we will need.
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just1nmc
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April 22, 2013, 11:06:07 PM |
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Lol you guys are so spoiled from all the action jan through early april
Haha I know  Luckily the number of merchants accepting is still increasing at a faster rate, which is even more exciting than the price swings  |
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wonkytonky
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April 22, 2013, 11:07:26 PM |
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 wondering.. is it the same? |
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Missionary
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April 22, 2013, 11:19:51 PM |
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This is starting to look very promising! I don't do TA, but my gut says there is a rally coming at the end of this week.
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samson
Legendary
Offline
Activity: 2095
Merit: 1067
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April 22, 2013, 11:23:48 PM |
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wondering.. is it the same? The first box shows an uptrend, the second one shows stagnation. |
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meowmeowbrowncow
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April 22, 2013, 11:33:13 PM |
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wondering.. is it the same? The first box shows an uptrend, the second one shows stagnation. Me thinks this prolonged stagnation is a bit odd. Is price discovery working? 120ish the new market? |
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samson
Legendary
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Activity: 2095
Merit: 1067
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April 22, 2013, 11:41:11 PM |
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Me thinks this prolonged stagnation is a bit odd. Is price discovery working? 120ish the new market?
It's not really stagnation. It's just the weekend lull. It's Tuesday morning where I am, hardly the weekend. Also weekend lull is myth. |
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phoenix1
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April 22, 2013, 11:44:07 PM |
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Both look like consolidation to me ... depends on what colour glasses you are wearing I guess IMO the minimal impact of yesterdays attack has also taken some fear out of the market ... |
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just1nmc
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April 22, 2013, 11:45:41 PM |
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I wouldn't call a $5 increase in one day stagnation.
The price had to keep recovering from multiple sell offs over the weekend; it's a pretty good sign that $120 was maintained in my opinion.
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phoenix1
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April 22, 2013, 11:51:41 PM
Last edit: April 23, 2013, 12:03:16 AM by phoenicx1 |
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Me thinks this prolonged stagnation is a bit odd. Is price discovery working? 120ish the new market?
It's not really stagnation. It's just the weekend lull. It's Tuesday morning where I am, hardly the weekend. Also weekend lull is myth. 1) The bids are really filling in. That's not indicative of stagnation, it's indicative of caution. But once someone pulls the trigger and makes a big buy then we're off to the races. 2) Fiat has a hard time getting into the exchanges on the weekends. Bitcoins do not. This weekend saw the same lull that every other weekend sees. I'd say the bids filling in is a sign of renewed confidence and fear of missing the next train out of the station Consolidation with a small uptick after the weekend attack is pretty positive indicator for sentiment as I see it CAVEAT : My ability to predict markets is remarkably poor  |
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just1nmc
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April 22, 2013, 11:56:08 PM |
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That $130 wall isn't looking so scary anymore Also, bids are back to an ATH at ~22M  |
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seleme
Legendary
Offline
Activity: 2716
Merit: 1028
Duelbits.com
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April 23, 2013, 12:11:27 AM |
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7k left to 130, might be tough bastard though
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seleme
Legendary
Offline
Activity: 2716
Merit: 1028
Duelbits.com
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April 23, 2013, 12:32:59 AM |
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40 seconds lag
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