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January 15, 2015, 06:24:34 PM |
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Tomorrow bears be like this:   I called it!  Bears are going down! Or... up, in this case. |
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ivyleague1985
Newbie
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Activity: 56
Merit: 0
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January 15, 2015, 06:26:34 PM |
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Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275. If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you. And look at where we are now. I don't see this as reversal. A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing: rising price on rising volume. Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. . broke down https://i.imgur.com/J9Le6Vy.jpg?1Based on the October event, we may face a similar bear attack once we reach $250 in 24 hours. Think so too. But gut feel, it wont go as low as $ 166. The panic from a breakdown from $ 250 to sub $200 might be enough to buy up coins left from this bottom. Or maybe not. Judging by the volume of the panic sale, I doubt very few cheap coins are still held by the weak hands. |
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Afrikoin
Legendary
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Activity: 1540
Merit: 1003
alan watts is all you need
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January 15, 2015, 06:28:14 PM |
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Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275. Its difficult to say because this one today isn't complete. *edit   I might be going blind, but am I the only person seeing the volume spike to 100,000 this time with peak volume at 20,000 in October? Asian markets will tell us. If they break $ 230, that is a good sign. I thnk they will. Some of this weeks sell offs began in US time and Asia took us lower. |
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79b79aa8d5047da6d3XX
Full Member
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Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
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January 15, 2015, 06:29:48 PM |
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I have to say, Lamb was really hitting his stride during the panic. Hilarious stuff. In fact, his posts are the main reason to be coming to this thread at this point.
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Afrikoin
Legendary
Offline
Activity: 1540
Merit: 1003
alan watts is all you need
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January 15, 2015, 06:30:39 PM |
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Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.
Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275. If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you. And look at where we are now. I don't see this as reversal. A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing: rising price on rising volume. Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. . broke down  Based on the October event, we may face a similar bear attack once we reach $250 in 24 hours. Think so too. But gut feel, it wont go as low as $ 166. The panic from a breakdown from $ 250 to sub $200 might be enough to buy up coins left from this bottom. Or maybe not. Judging by the volume of the panic sale, I doubt very few cheap coins are still held by the weak hands. Missed the sell off proper. Out on vacay. Not good for a feel of how serious capitulation was. OTOH, i clearly recall $ 275 |
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Wekkel
Legendary
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Activity: 3122
Merit: 1538
yes
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January 15, 2015, 06:34:06 PM |
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I have to say, Lamb was really hitting his stride during the panic. Hilarious stuff. In fact, his posts are the main reason to be coming to this thread at this point.
I think he needs to step up the plate if 'reversal' is not to succeed. |
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mrkavasaki
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January 15, 2015, 06:38:41 PM |
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$300 soon  |
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JorgeStolfi
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January 15, 2015, 06:38:56 PM |
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Now would be a good time for a Loaded smiley.
  Is the missing block a "Y"? |
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idecable
Member
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Activity: 70
Merit: 10
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January 15, 2015, 06:39:27 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
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poncho32
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January 15, 2015, 06:42:14 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200. |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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January 15, 2015, 06:52:52 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200. Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000! |
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poncho32
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January 15, 2015, 06:55:35 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200. Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000! Anything's possible, almost nobody thought it could go over $1000 in the early days. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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January 15, 2015, 06:56:56 PM |
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ChartBuddy
Legendary
Offline
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 15, 2015, 07:00:01 PM |
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Bitfinex  Bitstamp  Explanation |
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Brewins
Legendary
Offline
Activity: 1120
Merit: 1000
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January 15, 2015, 07:01:36 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200. Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000! Anything's possible, almost nobody thought it could go over $1000 in the early days. And after it went to 1000, no one would say that 1 year later we would see sub 200 again and reduced volume. Anything is possible either way |
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poncho32
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January 15, 2015, 07:06:50 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200. Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000! Anything's possible, almost nobody thought it could go over $1000 in the early days. And after it went to 1000, no one would say that 1 year later we would see sub 200 again and reduced volume. Anything is possible either way True, it works both ways. Anyone suggesting we could go below the previous ATH was ridiculed six months ago. It's anyone's guess how low or high it could go. |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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January 15, 2015, 07:14:57 PM |
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From 162 to 215.. not bad. I don't think we'll hit lower.
I'm surprised we went below 200. Right!? I just hope Bitcoin suprises us as we go the other direction now. I really don't think we can go above $10,000! Anything's possible, almost nobody thought it could go over $1000 in the early days. And after it went to 1000, no one would say that 1 year later we would see sub 200 again and reduced volume. Anything is possible either way True, it works both ways. Anyone suggesting we could go below the previous ATH was ridiculed six months ago. It's anyone's guess how low or high it could go. This is what makes Bitcoin so much "fun." Especially for those that like surprises!  |
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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January 15, 2015, 07:16:31 PM |
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This is what makes Bitcoin so much "fun." Especially for those that like surprises! Some surprises are better than others. |
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Bitcoin_BOy$
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January 15, 2015, 07:18:38 PM |
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Btc-e -10 $ from bitstamp why this ? and why bitcoin free market have always almost same price
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