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micalith
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May 07, 2013, 07:43:16 PM |
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EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?
It looks to me like high volume correlates with steep gradients more than it does to lows. |
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randrace
Sr. Member
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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May 07, 2013, 07:45:12 PM |
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 Hey Richy, I finally found a place to put that sticker. Now anyone who sees me open my moleskin will know where my loyalties lie. |
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Odalv
Legendary
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Activity: 1400
Merit: 1000
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May 07, 2013, 07:45:20 PM |
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That is a really scary triangle. We could go to seventh heaven or seventh he'll.
$91 or break through $123 and fight at $140 |
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Richy_T
Legendary
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Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 07, 2013, 07:47:12 PM |
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Hey Richy, I finally found a place to put that sticker. Now anyone who sees me open my moleskin will know where my loyalties lie. Sweet. I don't have one up. I tend to be sticker shy with my vehicles but I think I'll get one on the back window soon. |
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telemaco
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May 07, 2013, 07:48:34 PM |
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yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.
You know, i was so tired to find a point of entry that i was going all in at that very news  Sorry man I took less than a minute to correct the post. I guess I was so impressed by an initial article scan that did not pay attention I think he is joking - irony, sarcasm, etc. Anyhow, I've been quite bearish like Cedivad lately - but we have to acknowledge that so many bears in these forums is a bullish signal. Everybody is waiting to buy - which usually means they that already sold what they had to sell... Which is obviously uber-bullish. Next days are very important. If tomorrow we have a rally and we really leave $110 behind with reasonable volume to support the move, I'd say that the capitulation is over and we are at the gates of consolidation phase. Yeah, we may visit again double digits with some big dump/flash crash, but something lower than $70ish would feel unrealistic at this point. I'd therefore take up all my bids - a lot. I'd still not go all in to try to profit from from any crash we may face... I remember with joy the fork, so glad I was ready for it. The guy from the bitcoin channel was even talking about a year winter hibernation on a bear cave at 50 or maybe even 30 |
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Frozenlock
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May 07, 2013, 07:50:19 PM |
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Looks like a bearish pennant.
Shouldn't the bottom line be straight to call it a bearish pennant? |
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blackreplica
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May 07, 2013, 08:00:37 PM |
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Looks like a bearish pennant.
Shouldn't the bottom line be straight to call it a bearish pennant? He might call it bearish because the bear trendline (going down the tops) is steeper than the bull line (going up the bottoms). I wanted to post the same chart but many others here beat me to it.Something big is going to happen around May 13th. I lean slightly to the bullish side thank to recent positive news but where it goes is anyone's guess. For anyone who has some surety as to where we will go next: It's either time to buy coins or buy fiat. Movement is coming |
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phoenix1
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May 07, 2013, 08:06:26 PM |
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Movement is coming
Yup  Roll up, roll up, ladies and gentlemen, place your bets ! |
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telemaco
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May 07, 2013, 08:10:49 PM |
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Looks like a bearish pennant.
Shouldn't the bottom line be straight to call it a bearish pennant? He might call it bearish because the bear trendline (going down the tops) is steeper than the bull line (going up the bottoms). I wanted to post the same chart but many others here beat me to it.Something big is going to happen around May 13th. I lean slightly to the bullish side thank to recent positive news but where it goes is anyone's guess. For anyone who has some surety as to where we will go next: It's either time to buy coins or buy fiat. Movement is coming In case winter is coming... We might have a long glaciation period in which our bear hibernate on the deepest of the cave at 50 or even 30 degrees Fahrenheit hearing the howls of the fincen wolf's regulating everything to hell and limiting the access of bitcoin exchanges from the rest of the financial world Or maybe this is just yogui bear land and hundred thousand Chinese start to pour money on the bitcoin |
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Frozenlock
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May 07, 2013, 08:12:26 PM |
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Retest of the $110 soon?
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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May 07, 2013, 08:14:07 PM |
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Bitcoincharts.com shows trades happening constantly on BTC China, the last one zero minutes ago. |
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phoenix1
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May 07, 2013, 08:18:19 PM |
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Retest of the $110 soon?
I think so |
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EuroTrash
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May 07, 2013, 08:21:14 PM |
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Bitcoincharts.com shows trades happening constantly on BTC China, the last one zero minutes ago. The exchange is btcchina.COM not .ORG. they are UP. And they had announced they were upgrading servers to cope with the extra load anyway. As to some accounts being hacked, I don't know but I think it's totally possible. Chinese and Russians love to hack the shit out of themselves and anyone else. And never admit their own mistakes. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 07, 2013, 08:23:03 PM |
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Retest of the $110 soon?
I think so we will hit 126 and fly away  |
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phoenix1
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May 07, 2013, 08:24:27 PM |
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Retest of the $110 soon?
I think so we will hit 126 and fly away You need to change your avatar ... penguins can't fly  |
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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May 07, 2013, 08:25:21 PM |
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Retest of the $110 soon?
I think so we will hit 126 and fly away You need to change your avatar ... penguins can't fly They can, provided there's enough ooomph in the cannon |
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Frozenlock
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May 07, 2013, 08:26:21 PM |
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Here we are boys!
Fight!
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UltimateReaper
Newbie
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Activity: 56
Merit: 0
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May 07, 2013, 08:28:33 PM |
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I think a lot of people are in denial. We are going back to double digits, even if briefly. Probably. If the highs are getting consecutively lower, the history of BTC price, etc. it seems like a downtrend really is the case, and I've been thinking that since we shot up to 120. I don't know about pumping power though.
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Coinseeker
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May 07, 2013, 08:30:04 PM |
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Retest of the $110 soon?
I think so We'll peak around $114. |
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