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
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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
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 06:03:05 PM |
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ChartBuddy
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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
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"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
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May 12, 2013, 07:32:00 PM |
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It can last weeks.
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UltimateReaper
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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
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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
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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
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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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