ChartBuddy
Legendary
 Online
Activity: 2660
Merit: 2365
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 25, 2015, 09:58:11 PM |
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ensurance982
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April 25, 2015, 09:58:34 PM |
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This is going to play out worse than I thought.
Each rebound is weaker from each dump
Well, on the other hand each dump is also weaker than the previous one. Also, Huobi seems to be reluctant to follow suit and right now it is Finex who is trying to push us down, but to no real avail if you ask me. |
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fonzie
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April 25, 2015, 10:03:51 PM |
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I really am the most lucky person in the world. That thorn bush that i found the other night and which i took into my house, it just started talkin to me.The ONE who was talkin through it said i should be rewarded for all my loyalty to his cryptokingdom. Everyone that is a true believer with no other gods(coins) beside him should feel his generosity through even more cheaper coins in the next 10 months.  |
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BayAreaCoins
Legendary
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Activity: 4284
Merit: 1323
AltQuick.com Secretary/PR/Janitor
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April 25, 2015, 10:05:27 PM |
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This is going to play out worse than I thought.
Each rebound is weaker from each dump
Well, on the other hand each dump is also weaker than the previous one. Also, Huobi seems to be reluctant to follow suit and right now it is Finex who is trying to push us down, but to no real avail if you ask me. I was going to say I really feel like it is getting absorbed pretty decently. Not many contracts on the Ask side of the futures market at OKcoin. OKcoin futures above Coinbase market price. |
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phoenix1
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April 25, 2015, 10:16:26 PM |
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OKcoin futures above Coinbase market price.
Thank the Lord, leveraged gambling site temporarily priced over our favourite high volume, regulated exchange used by all of Wall Street <cough> Everything's gonna be alright |
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BayAreaCoins
Legendary
Offline
Activity: 4284
Merit: 1323
AltQuick.com Secretary/PR/Janitor
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April 25, 2015, 10:22:24 PM |
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OKcoin futures above Coinbase market price.
Thank the Lord, leveraged gambling site temporarily priced over our favourite high volume, regulated exchange used by all of Wall Street <cough> Everything's gonna be alright Please don't get me started on Coinbase being regulated  *cough* scammers More volume on this side of the fence too... If you want to suck Wall Streets dicks you should open a E*Trade account... I give 0 shits about all that until I can deposit my BTC into my E*trade account. |
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NotHatinJustTrollin
Full Member
Offline
Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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April 25, 2015, 10:28:29 PM |
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phoenix1
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April 25, 2015, 10:31:35 PM |
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OKcoin futures above Coinbase market price.
Thank the Lord, leveraged gambling site temporarily priced over our favourite high volume, regulated exchange used by all of Wall Street <cough> Everything's gonna be alright Please don't get me started on Coinbase being regulated *cough* scammers More volume on this side of the fence too... If you want to suck Wall Streets dicks you should open a E*Trade account... I give 0 shits about all that until I can deposit my BTC into my E*trade account.WTF are you talking about? |
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ensurance982
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April 25, 2015, 10:32:57 PM |
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Quite a huge amount of bids at $225, I guess some people are eager to grab some coins and hope for a dump into their wall. Why isn't the price crashing already? I really would have expected it to go down massively after returning to these levels...
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JorgeStolfi
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April 25, 2015, 10:36:40 PM |
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Quite a huge amount of bids at $225, I guess some people are eager to grab some coins and hope for a dump into their wall. Why isn't the price crashing already? I really would have expected it to go down massively after returning to these levels...
On OKCoin that wall is at 1400 CNY, a nice round number. Perhaps the 225 USD wall is a reflex of that? (1400/225 = 6.22, a plausible exchange rate for arbitrage.) |
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stopthe_bomb
Newbie
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Activity: 50
Merit: 0
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April 25, 2015, 10:39:57 PM |
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its really funny, I decided to buy 2k worth of coins on thursday and bam price goes down 12 dollars already =[
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phoenix1
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April 25, 2015, 10:45:50 PM |
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Quite a huge amount of bids at $225, I guess some people are eager to grab some coins and hope for a dump into their wall. Why isn't the price crashing already? I really would have expected it to go down massively after returning to these levels...
To me it seems like the price action of BTC is slowing down. Sideways ... yawn ... pop up or down $10 ... grind a bit up or down, rinse, repeat. We have spent a lot of time in this price area ($210 -$270), and it seems to take more time to break in either direction after working through the resistance or support levels with this range. Once we get out of this congestion, either way, then I would expect bigger moves, but not before. EDIT: I think the market is deciding at the moment if we will test the next lower level at $210 or not. Bears trying to grind the bulls down ... |
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bassclef
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April 25, 2015, 10:55:40 PM |
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Quite a huge amount of bids at $225, I guess some people are eager to grab some coins and hope for a dump into their wall. Why isn't the price crashing already? I really would have expected it to go down massively after returning to these levels...
, Failure to get above the 30d MA line during the last two rallies is a pretty good indication that the downtrend from $300 still has steam left and will probably test the 78.6 fib level. That's the lowest Fibonacci point, the "line in the sand" if you will. If we break it, watch out. Volume is low as the trading range from January to now is working itself out to completion (to be expected), so it wouldn't be difficult to achieve some panic. To start the bull engine we either need more demand or liquidate until fewer people hold a larger amount of coins (bought from panic sellers) to reduce supply. A final big shakeout of early adopters and miners below $200 would clear the way for a big bull move. |
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ChartBuddy
Legendary
Online
Activity: 2660
Merit: 2365
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 25, 2015, 10:58:11 PM |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 25, 2015, 11:19:58 PM |
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Think bottom was hit
Okcoin is holding 1400
Seems someone is still trying on bitfinex to push lower
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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April 25, 2015, 11:46:51 PM |
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Quite a huge amount of bids at $225, I guess some people are eager to grab some coins and hope for a dump into their wall. Why isn't the price crashing already? I really would have expected it to go down massively after returning to these levels...
, Failure to get above the 30d MA line during the last two rallies is a pretty good indication that the downtrend from $300 still has steam left and will probably test the 78.6 fib level. That's the lowest Fibonacci point, the "line in the sand" if you will. If we break it, watch out. Volume is low as the trading range from January to now is working itself out to completion (to be expected), so it wouldn't be difficult to achieve some panic. To start the bull engine we either need more demand or liquidate until fewer people hold a larger amount of coins (bought from panic sellers) to reduce supply. A final big shakeout of early adopters and miners below $200 would clear the way for a big bull move. yeah shake that bottom that's right babe |
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ChartBuddy
Legendary
Online
Activity: 2660
Merit: 2365
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 25, 2015, 11:58:12 PM |
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ChartBuddy
Legendary
Online
Activity: 2660
Merit: 2365
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 26, 2015, 12:58:15 AM |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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April 26, 2015, 01:05:55 AM |
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 Bye bye, 1400..  |
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ensurance982
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April 26, 2015, 01:11:15 AM |
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Second dumping attempt seems to be even weaker than the first one. Wouldn't surprise me if this brings us back up to $228 if the dump fails. This downtrend should really be faster in my opinion. Also, there's quite a wall at $225 on Finex that waits to be eaten by some hungry bear  |
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