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Arcas
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May 12, 2013, 01:51:36 AM |
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Maybe someone just sold a bunch of coins for market price and cleared out the order book. Campbx doesn't have the greatest volume. The price already rebounded to 115.
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ChartBuddy
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 02:03:09 AM |
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Frozenlock
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May 12, 2013, 02:03:29 AM |
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I feel bearish.
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Nightowlace
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May 12, 2013, 02:13:01 AM |
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I feel bearish.
Don't you always? |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 12, 2013, 02:15:15 AM |
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I think bitcoins value might not go up much for a while...
but I think betting it will go down is kinda crazy.
we are being bought out, dump it all today or slowly unload, its not going to make a dif.
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nimda
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May 12, 2013, 02:47:56 AM |
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Drew some lines.  Note the stability & low volume at $125 on 20 April and again at $115 on 8 May. Support line from 20-22 April candle bottoms matches 8-10 May 3 weeks later. Wedge forming with general convergence to the support line. Fair price has been $115 for almost a month; expect to see more volatility after we drop again. Chance of double digit coins appearing within 2 weeks: better-than-even, but after that odds are better-than-even that we'll see significant upward movement.  |
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ChartBuddy
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May 12, 2013, 03:02:44 AM |
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ineededausername
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May 12, 2013, 03:25:46 AM |
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I love how sentiment changes so quickly, everyone was bullish on the way up to $122. Now, after drifting back down to equilibrium, everyone is bearish. This is going to happen a lot for the next two months...
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Ultraviolet
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Activity: 84
Merit: 10
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May 12, 2013, 03:41:03 AM |
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That's because the market has been characterized by low volume for 5+ days. When it did pick up action, it was during a pump and has dwindled down ever since. The market is not exactly bullish.
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UltimateReaper
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Activity: 56
Merit: 0
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May 12, 2013, 03:43:50 AM |
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I love how sentiment changes so quickly, everyone was bullish on the way up to $122. Now, after drifting back down to equilibrium, everyone is bearish. This is going to happen a lot for the next two months...
I've been pretty firm on the downtrend thing for a while now. At least in BTC time. |
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Zangelbert Bingledack
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Activity: 1036
Merit: 1000
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May 12, 2013, 03:48:21 AM |
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I know this is the Wall Observer thread so it comes with the territory, but many or most people here simply seem over-antsy. Few humans are psychologically equipped to follow day-to-day price changes without freaking out and losing money because of it. The tendency is to start reading into every little thing.
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ChartBuddy
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May 12, 2013, 04:02:37 AM |
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ChartBuddy
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May 12, 2013, 05:03:04 AM |
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Pzi4nk
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Activity: 70
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Move over clarinets, I'm getting on the band wagon
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May 12, 2013, 05:03:36 AM |
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I am speculating a solid dump by Monday and prices to go down to 80 ish
Not that I disagree, but upon what are you basing this? Anyone can just throw out a number. |
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Frozenlock
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May 12, 2013, 05:24:45 AM |
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Nothing's happening! Booooooring! Is it time to go down?  |
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StarenseN
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Activity: 2478
Merit: 1362
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May 12, 2013, 05:33:59 AM |
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I feel bearish.
LOL thanks for the reminder, fiat holder isn't it ? |
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hmmmstrange
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May 12, 2013, 05:36:36 AM |
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WOW!
2 ChartBuddy posts in a row!
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Frozenlock
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May 12, 2013, 05:37:36 AM |
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I feel bearish.
LOL thanks for the reminder, fiat holder isn't it ?  |
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ChartBuddy
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May 12, 2013, 06:02:47 AM |
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keewee
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Merit: 1000
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May 12, 2013, 06:27:23 AM |
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Wall pic!  |
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