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prof7bit
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May 12, 2013, 05:41:11 PM |
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Low volume may pick up as we have come to expect late Sunday.  This will break through the red line $10 lower, I have seen this pattern before. |
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N12
Donator
Legendary
 Offline
Activity: 1610
Merit: 1010
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May 12, 2013, 05:42:08 PM |
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It's called a descending triangle. I don't think this is anything but noise, though.
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 06:03:05 PM |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 07:02:57 PM |
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Frozenlock
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May 12, 2013, 07:07:33 PM |
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With the mother of all triangles that closed in the last few days, I think this is relevant: Another point to remember — and one which does not conform at all
to the “coil” simile — is that the farther out into the apex of the Triangle
prices push without bursting its boundaries, the less force or power the
pattern seems to have. Instead of building up more pressure, it begins to
lose its efficacy after a certain stage. The best moves (up or down) seem to
ensue when prices break out decisively at a point somewhere between half
and three quarters of the horizontal distance from the base (left-hand end)
to the apex. If prices continue to move “sideways” in narrower and narrower
fluctuations from day to day after the three quarter mark is passed, they are
quite apt to keep right on to the apex and beyond in a dull drift or ripple
which leaves the chart analyst completely at sea. The best thing to do in such
cases is go away and look for something more promising elsewhere in your
chart book.
- Technical Analysis of Stock Trends  |
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Frozenlock
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May 12, 2013, 07:17:13 PM |
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Low volume may pick up as we have come to expect late Sunday. You need at least 2 lows to be able to find support... and you chop through one of them?  |
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 12, 2013, 07:24:11 PM |
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With the mother of all triangles that closed in the last few days, I think this is relevant: Another point to remember — and one which does not conform at all
to the “coil” simile — is that the farther out into the apex of the Triangle
prices push without bursting its boundaries, the less force or power the
pattern seems to have. Instead of building up more pressure, it begins to
lose its efficacy after a certain stage. The best moves (up or down) seem to
ensue when prices break out decisively at a point somewhere between half
and three quarters of the horizontal distance from the base (left-hand end)
to the apex. If prices continue to move “sideways” in narrower and narrower
fluctuations from day to day after the three quarter mark is passed, they are
quite apt to keep right on to the apex and beyond in a dull drift or ripple
which leaves the chart analyst completely at sea. The best thing to do in such
cases is go away and look for something more promising elsewhere in your
chart book.
- Technical Analysis of Stock Trends to me that would be a brilliant piece of information, if it holds true. tentative growth would be good for bitcoins legitimacy. in terms of volume, during feb/march were there similar periods to the last 3 days? in other news looks like manipulator/big player took about 1mil off the bid book somewhere |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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May 12, 2013, 07:32:00 PM |
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It can last weeks.
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UltimateReaper
Newbie
Offline
Activity: 56
Merit: 0
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May 12, 2013, 07:38:47 PM |
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It can last weeks.
That's not very long in the grand scheme of things. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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May 12, 2013, 08:05:51 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon  |
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wonkytonky
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May 12, 2013, 08:26:59 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon yes all sell please.. got some shorts running would be great! or dont sell.. got buys done at 118.. for the long run. so that would be great too.. whatever way it's going.. it's great.. but even with 1milj less of bidd(which will eventualy come back at some point) i think market will go up or just do nothing(for a week or maybe 2) . i'm happy with that too |
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deathcode
Copper Member
Sr. Member
Offline
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
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May 12, 2013, 08:27:52 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon mmm didnt it occur to you that the usual weekend dip was not really a dip and it held well? i predict 130 this week |
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Frozenlock
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May 12, 2013, 08:29:34 PM |
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i predict 130 this week
7 days remaining. |
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BitcoinAshley
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May 12, 2013, 08:41:13 PM |
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mmm didnt it occur to you that the usual weekend dip was not really a dip and it held well?
i predict 130 this week
Bold prediction given recent "stability."  |
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ShroomsKit
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May 12, 2013, 09:09:50 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years? |
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Abandon
Member
Offline
Activity: 112
Merit: 10
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May 12, 2013, 09:24:27 PM |
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old_engineer
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May 12, 2013, 09:40:51 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking? All I know is that the $1m that was removed was at under $50 USD. |
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Babylon
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May 12, 2013, 09:42:32 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking? All I know is that the $1m that was removed was at under $50 USD. Could have removed it to wait and put it back in higher. |
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