ImI
Legendary
 Offline
Activity: 1946
Merit: 1019
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August 24, 2015, 01:05:02 PM |
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to be honest, linear chart looks massively oversold to me.  |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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August 24, 2015, 01:05:51 PM |
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I am starting to fear that I have misinterpreted the recent bull run attempts.  |
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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August 24, 2015, 01:06:14 PM |
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 "All these negative waves man..."I'm bullish as fuck!Why bro ? |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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August 24, 2015, 01:10:40 PM |
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I am starting to fear that I have misinterpreted the recent bull run attempts.
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lol if only it was the only thing you misinterpreted.  |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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August 24, 2015, 01:11:00 PM |
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to be honest, linear chart looks massively oversold to me.
I just worry that it might not matter when the rest of the economy is tanking. The smart money are consolidating to fiat and low risk investments atm. Bitcoin might not fit the bill. |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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August 24, 2015, 01:13:13 PM |
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I am starting to fear that I have misinterpreted the recent bull run attempts.
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lol if only it was the only thing you misinterpreted. I will humor you by calling you a donkeys ass, but this is getting tiresome. |
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Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
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August 24, 2015, 01:13:31 PM |
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to be honest, linear chart looks massively oversold to me. A lot of people still fail to realize, that in all probability, the last bubble was fueled by goxmoney that didn't actually exist. |
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ImI
Legendary
Offline
Activity: 1946
Merit: 1019
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August 24, 2015, 01:18:18 PM |
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the last bubble was fueled by goxmoney that didn't actually exist.
true. nevertheless its interesting to watch it from a TA point of view. |
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hd060053
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August 24, 2015, 01:18:40 PM |
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the stock market crash is not stopping atm. DAX is down 5,6 % and falling. rly interesting  |
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fairglu
Legendary
Offline
Activity: 1100
Merit: 1033
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August 24, 2015, 01:18:53 PM |
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dreamspark
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August 24, 2015, 01:23:09 PM |
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Most pointless trend line ever. BFX confirmed that that $100 flash crash was a glitch and reversed the trades. Only a few trades took place down there anyway. |
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altcoinUK
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August 24, 2015, 01:25:50 PM |
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to be honest, linear chart looks massively oversold to me.
A lot of people still fail to realize, that in all probability, the last bubble was fueled by goxmoney that didn't actually exist. I think all rational persons realized by now that the two Mtgox bots were driving the price up to 1K and that to reach such price is a pure fantasy for a while. |
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ImI
Legendary
Offline
Activity: 1946
Merit: 1019
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August 24, 2015, 01:37:03 PM |
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stock markets feel like bitcoin today  |
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thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
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August 24, 2015, 01:37:37 PM |
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bad trader
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August 24, 2015, 01:39:35 PM |
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This is all just a temporary setback, right? We'll be back at $320 in no time, right?  |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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August 24, 2015, 01:43:57 PM |
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^bad trader?!  |
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bad trader
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August 24, 2015, 01:48:21 PM |
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^bad trader?! I have no clue what is going on. Anyway, why are there bids at ItBit?  |
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fairglu
Legendary
Offline
Activity: 1100
Merit: 1033
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August 24, 2015, 01:50:59 PM |
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BFX confirmed that that $100 flash crash was a glitch and reversed the trades. Only a few trades took place down there anyway.
True, but also completely irrelevant Charts are not about what happened, or why, or if they are correct, or if they bear any relationship to reality, but about how other people and trading bots that read them react. In that case, it's a perfect alignment of 3 lows separated by months, meaning some bots or people, are/were watching that trend line. That the first point is pointless in the real world is itself pointless, bots and people reacted to it, and that's all that matters. |
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dreamspark
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August 24, 2015, 01:57:52 PM |
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BFX confirmed that that $100 flash crash was a glitch and reversed the trades. Only a few trades took place down there anyway.
True, but also completely irrelevant Charts are not about what happened, or why, or if they are correct, or if they bear any relationship to reality, but about how other people and trading bots that read them react. In that case, it's a perfect alignment of 3 lows separated by months, meaning some bots or people, are/were watching that trend line. That the first point is pointless in the real world is itself pointless, bots and people reacted to it, and that's all that matters. Not true at all. Well slightly true but your argument completely disproves your point. It is about how people read them and you're the only one using that spike in your trend lines nobody else is using that drop, go onto trading view and find me a chart where someone else is using BFX and that $100 spike that never actually happened, everyone else is reading it and interpreting it correctly which is as an anomaly. Also most trading bots are on OKC due to their liquidity and near 0 fees, hardly any bots run on BFX now days so that point it moot also. |
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