Jaroslaw
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Activity: 84
Merit: 10
supernode
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May 03, 2013, 08:44:20 PM |
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Who the hell is buying at those prices... Sometimes I don't understand this market at all. I swear.  Someone who will regret it in couple of hours  |
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SlipperySlope
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May 03, 2013, 08:47:34 PM
Last edit: May 03, 2013, 09:22:46 PM by SlipperySlope |
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And yet another triangle. Duh ... make that one hour - not four hours as it says in the immutable image below.  how did you come up with a downward direction here? i see the triangle, but triangle formations themselves tend not to have directional bias. by my analysis we've reached a short-term bottom. Hey, when the first team is off the field, they send in the likes of me. I saw the channel containing the embedded pattern. Regarding nested patterns, to what degree are containing patterns influential with regard to immediately contained technical patterns? |
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Creenome
Newbie
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Activity: 19
Merit: 0
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May 03, 2013, 08:47:46 PM |
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Someone who will regret it in couple of hours +1 |
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EuroTrash
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May 03, 2013, 08:50:42 PM |
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So now almost everyone is a bear? Investor cycle says we are going up then.  |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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May 03, 2013, 08:51:49 PM |
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Who the hell is buying at those prices... Sometimes I don't understand this market at all. I swear. Someone who will regret it in couple of hours try 6 hours. -===- *10-day 2-hour scale*  -===- we've reached a short-term bottom. rebound is likely, CCI will reach to its recent high (at about -50), and then likely bounce. this corresponds with a price of about $100. if we break through this resistance, we could see as high as $125, although mitigating factors like low liquidity on weekends may affect these values. --arepo edit: So now almost everyone is a bear? Investor cycle says we are going up then. exactly, the utter despair on the forums today along with the oversold signals on many oscillators, and a high-volume doji at the $80 bottom all point to a significant rebound. |
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SlipperySlope
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May 03, 2013, 08:52:20 PM |
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So now almost everyone is a bear? Investor cycle says we are going up then. I accuse you, yes you, of selection bias. |
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Jaroslaw
Member
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Activity: 84
Merit: 10
supernode
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May 03, 2013, 08:52:29 PM |
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So now almost everyone is a bear? Investor cycle says we are going up then. ok wake me up when we going up bro. |
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Geist
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Activity: 70
Merit: 10
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May 03, 2013, 08:56:19 PM |
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Who the hell is buying at those prices... Sometimes I don't understand this market at all. I swear. I'm more interested in who's selling. $90s is cheap considering it was over $150 last week. I actually might buy back in if that wall stays like that(bought in 80s, sold at $95). |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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May 03, 2013, 08:58:12 PM |
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I'm more interested in who's selling. $90s is cheap considering it was over $150 last week. I actually might buy back in if that wall stays like that(bought in 80s, sold at $95).
market sentiment lags price perfectly  |
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Richy_T
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Activity: 2436
Merit: 2117
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 03, 2013, 08:58:21 PM |
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Being played like cheap violins. Glad I'm not trading right now. I'm not immune.
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SlipperySlope
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May 03, 2013, 09:00:23 PM |
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we've reached a short-term bottom. rebound is likely, Your analysis makes me feel comfortable with a prudent-sized profit-taking limit order for the weekend positioned in front of the ask wall at $105, using some of the lots bought at $87 and $80. Based solely upon a comparison with the corresponding August 1, 2011 capitulation, I believe that this bottom of this capitulation could still be two or three days away, i.e. Monday, and could also feature a 15% culminating selling blow-off as did the comparison. And most importantly, I believe that this bottom is not the post-bubble bottom. For reference, I have dubbed this one the Great Capitulation of 2013 - none bigger. |
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KillaMarci
Member
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Activity: 84
Merit: 10
Bitcoin Mininode...and proud!
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May 03, 2013, 09:03:09 PM |
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Let's throw random numbers and see who's gonna be right on monday then?
I'm calling $65, Monday. 8PM UTC.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 03, 2013, 09:03:50 PM |
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105
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SAQ
Newbie
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Activity: 56
Merit: 0
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May 03, 2013, 09:07:14 PM |
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125
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Jaroslaw
Member
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Activity: 84
Merit: 10
supernode
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May 03, 2013, 09:07:21 PM |
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69$
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mccorvic
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May 03, 2013, 09:07:52 PM |
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Let's throw random numbers and see who's gonna be right on monday then?
I'm calling $65, Monday. 8PM UTC.
Potato by Smarch 33rd. But seriously, I'm going to randomly guess 94.30 by Monday 8pm |
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clone4501
Newbie
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Activity: 58
Merit: 0
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May 03, 2013, 09:10:35 PM |
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$94
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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May 03, 2013, 09:10:41 PM |
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Someone's defending 90 very hard  Who knows, maybe they'll make it, same price was defended on similar way few weeks ago, though in an upward trend. not sure you can call a vertical drop all the way down to 50 an upward trend... I'm talking about huge 1 million wall that appeared in upward movement after the crash. It was still fearish market but that one launched it to 100+. Though I'm not really sure if it was at 70$ or 90$. |
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phoenix1
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May 03, 2013, 09:14:00 PM |
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$3500 and a free iPad
TV ... help ...
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SlipperySlope
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May 03, 2013, 09:14:02 PM |
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Let's throw random numbers and see who's gonna be right on monday then?
I'm calling $65, Monday. 8PM UTC.
OK, not actionable advice - just one of many likely instantiated scenarios. Suppose it unfolds sort of like back in August 2011 ... Stopped by the ask wall at $70 early Monday morning in the USA. Two hour goxlag-blinded drop below $85 to reach the wall and bounce back. Mt. Gox wall-busting volume over 25000 each of those two hours. Clark Moody ding-ding-O-Meter chatters like a jackhammer with red orders flying past and huge spreads between bid and asked. |
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