hlynur
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July 11, 2013, 03:00:30 AM |
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Is he feeding baby bears or pigs?
bears... but i just realized I mixed up my gif library and uploaded the wrong one. (gifs with eating bears are hard to find) need to get more sleep
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 11, 2013, 03:00:36 AM |
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Wagner2014
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Activity: 84
Merit: 10
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July 11, 2013, 03:02:56 AM |
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^ a short term uptick was necessary and expected...before resuming the overall medium term downward trend...the pattern remains: lower highs and lower lows...that pattern has not been broken yet....
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Kazu
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July 11, 2013, 03:12:27 AM |
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Price is falling. Thinking of moving my bids up from $60 to $80.
Probably wise unless you are prepared to wait out the next peak/trough which may still not get near $60. IMHO even $65 is unlikely again. One strategy is to ladder orders, say $73 to $82 with 1/10th size at each $1 increment. If the lowest ones don't get hit then repeat the process at the next retrace down. Well I already own some, so I'm not going to be like 'waaaaah, I missed an entire bubble.' So I'm not too rushed. However I've got a crapload of fiat sitting on Gox from selling during the second-crash (after the bounce after hitting $57) and withdrawing it costs an assload due to humongous wire fees, so eventually I'm going to need to buy Bitcoins with it. The real question is when. Which at the moment really isnt a question one can answer without significant BS, so I think i'm going to sit on my hands until I see if any new bitcoin businesses are actually forming after the bubble, or if we are just sitting on the floating businesses that were forming during the bubble but were just a bit late.
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solex
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100 satoshis -> ISO code
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July 11, 2013, 03:15:13 AM |
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^ a short term uptick was necessary and expected...before resuming the overall medium term downward trend...the pattern remains: lower highs and lower lows...that pattern has not been broken yet....
How can you say that after checking out the 12 hour chart, such as below: http://bitcoinwisdom.com/markets/mtgox/btcusdWe have just seen the biggest move up for 2 months. A new pattern is emerging. At some point reversals have to happen, unless it is in terminal decline. I remember watching the Enron share price in late '01 (didn't have any, fortunately) and it just kept going down and down. When it hit $8 the Bloomberg guys were having a fit saying that it must turn around soon. It didn't, the company collapsed and it went to zero. Unless Bitcoin is in terminal decline we will not see a permanent downtrend. In fact the last four years has shown it is the ultimate financial instrument on the planet. I think it will remain so, based on remarkable fundamentals, and so do many other people. Enron. NOT Bitcoin chart:
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Ray Anastasio
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July 11, 2013, 03:17:21 AM |
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Price is falling. Thinking of moving my bids up from $60 to $80.
Probably wise unless you are prepared to wait out the next peak/trough which may still not get near $60. IMHO even $65 is unlikely again. One strategy is to ladder orders, say $73 to $82 with 1/10th size at each $1 increment. If the lowest ones don't get hit then repeat the process at the next retrace down. Well I already own some, so I'm not going to be like 'waaaaah, I missed an entire bubble.' So I'm not too rushed. However I've got a crapload of fiat sitting on Gox from selling during the second-crash (after the bounce after hitting $57) and withdrawing it costs an assload due to humongous wire fees, so eventually I'm going to need to buy Bitcoins with it. The real question is when. Which at the moment really isnt a question one can answer without significant BS, so I think i'm going to sit on my hands until I see if any new bitcoin businesses are actually forming after the bubble, or if we are just sitting on the floating businesses that were forming during the bubble but were just a bit late. I'm new at this, but I started doing better taking small chunks as often as I can rather than try to time big chunks.
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derpinheimer
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Merit: 1000
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July 11, 2013, 03:21:23 AM |
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^ a short term uptick was necessary and expected...before resuming the overall medium term downward trend...the pattern remains: lower highs and lower lows...that pattern has not been broken yet....
How can you say that after checking out the 12 hour chart, such as below: http://bitcoinwisdom.com/markets/mtgox/btcusdWe have just seen the biggest move up for 2 months. A new pattern is emerging. At some point reversals have to happen, unless it is in terminal decline. I remember watching the Enron share price in late '01 (didn't have any, fortunately) and it just kept going down and down. When it hit $8 the Bloomberg guys were having a fit saying that it must turn around soon. It didn't, the company collapsed and it went to zero. Unless Bitcoin is in terminal decline we will not see a permanent downtrend. In fact the last four years has shown it is the ultimate financial instrument on the planet. I think it will remain so, based on remarkable fundamentals, and so do many other people. Enron. NOT Bitcoin The biggest up move in 2 months... immediately following a doubly large, also 2 month record, down move? It's clear you're all in Anyway, best of luck. But I think you might be a bit delusional. ^Not that big of a move, relatively.
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Abandon
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July 11, 2013, 03:37:39 AM Last edit: July 11, 2013, 04:48:31 AM by Abandon |
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I think we might see 95 or so: The Fibo target is there, and there's Hidden Divergences with the Fisher.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 11, 2013, 04:00:46 AM |
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Wagner2014
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July 11, 2013, 04:59:01 AM |
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^ a short term uptick was necessary and expected...before resuming the overall medium term downward trend...the pattern remains: lower highs and lower lows...that pattern has not been broken yet....
How can you say that after checking out the 12 hour chart, such as below: http://bitcoinwisdom.com/markets/mtgox/btcusdHow can I say that? Because I'm not stating an opinion on the 12 hour chart. Try checking out the daily chart. Beginning on April 23, 2013 we have been on a downward trend - of lower highs and lower lows. That trend has not yet been broken. That's the point I was trying to express. If the trend continues we should hit a new low in the next 4 or 5 weeks, right in time for the doldrums of August.
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essem
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July 11, 2013, 05:06:29 AM |
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^ a short term uptick was necessary and expected...before resuming the overall medium term downward trend...the pattern remains: lower highs and lower lows...that pattern has not been broken yet....
How can you say that after checking out the 12 hour chart, such as below: http://bitcoinwisdom.com/markets/mtgox/btcusdWe have just seen the biggest move up for 2 months. A new pattern is emerging. At some point reversals have to happen, unless it is in terminal decline. I remember watching the Enron share price in late '01 (didn't have any, fortunately) and it just kept going down and down. When it hit $8 the Bloomberg guys were having a fit saying that it must turn around soon. It didn't, the company collapsed and it went to zero. Unless Bitcoin is in terminal decline we will not see a permanent downtrend. In fact the last four years has shown it is the ultimate financial instrument on the planet. I think it will remain so, based on remarkable fundamentals, and so do many other people. Enron. NOT Bitcoin chart: http://www.ecotao.com/holism/add/enron/Enron_whole.jpgYou're wrong
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MAbtc
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July 11, 2013, 05:15:53 AM |
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^ a short term uptick was necessary and expected...before resuming the overall medium term downward trend...the pattern remains: lower highs and lower lows...that pattern has not been broken yet....
How can you say that after checking out the 12 hour chart, such as below: http://bitcoinwisdom.com/markets/mtgox/btcusdWe have just seen the biggest move up for 2 months. A new pattern is emerging. At some point reversals have to happen, unless it is in terminal decline. I remember watching the Enron share price in late '01 (didn't have any, fortunately) and it just kept going down and down. When it hit $8 the Bloomberg guys were having a fit saying that it must turn around soon. It didn't, the company collapsed and it went to zero. Unless Bitcoin is in terminal decline we will not see a permanent downtrend. In fact the last four years has shown it is the ultimate financial instrument on the planet. I think it will remain so, based on remarkable fundamentals, and so do many other people. Enron. NOT Bitcoin chart: I don't see how we drop from 115 to 65 without bouncing. Who said anything about permanent? Even the bears don't think bitcoin is "dying." But I'll say -- I'm certainly not at the point where I'm thinking the downtrend might be over. My medium term outlook will change if we break 115 on volume, but I'm pretty skeptical of triple digits here. Still hoping for a retrace to 96 territory, though.
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derpinheimer
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July 11, 2013, 05:48:48 AM |
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Asks have slightly recovered [123k, +13k from low today]
Bid/Ask down to $89/BTC from a high of $101/BTC.
8k coins need to be bought in order to top the daily high, 19k coins need to be sold to drop below the low.
I hate the part where I go to sleep now. Hopefully the action waits a few hours.. and it isnt a no-volume period until a whale comes in... AGAIN.
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MickeyT2008
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This account was recently hacked
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July 11, 2013, 06:55:41 AM Last edit: July 11, 2013, 07:07:13 AM by MickeyT2008 |
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I hate the part where I go to sleep now.
This ^^ Sometimes it seems like I could sit here for years and nothing would happen, but the moment I go to sleep/go shopping/take my kid to school/etc the market will lurch violently in a way that works against me. Sometimes it's as if the whales have got hidden cameras in my house and are waiting for me to stop watching the market, just so they can stitch me up. Those stock exchange guys with their 'end of trading' each day don't know how easy they've got it
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Kj1
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July 11, 2013, 07:50:08 AM |
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Those stock exchange guys with their 'end of trading' each day don't know how easy they've got it
^^
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gandhibt
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July 11, 2013, 09:59:17 AM |
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What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?
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molecular
Donator
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July 11, 2013, 10:03:23 AM |
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I hate the part where I go to sleep now.
This ^^ Sometimes it seems like I could sit here for years and nothing would happen, but the moment I go to sleep/go shopping/take my kid to school/etc the market will lurch violently in a way that works against me. first world problems
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WeltMaster
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July 11, 2013, 10:05:30 AM |
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What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?
Let me consult my ball.
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Miz4r
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July 11, 2013, 10:06:44 AM |
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What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?
Yes. No. Maybe.
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dan99
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July 11, 2013, 10:14:45 AM |
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What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?
Yes. No. Maybe. Yes, going to $90 soon
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