molecular
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October 16, 2013, 06:52:31 AM |
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Anybody wants to call the top?
166 from me.
you need to put a timeframe and maybe also call subsequent bottom. only very short term I believe 166 can be top. Not much volume traded there in the past (the bulltrap post-crash on april 24th) |
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molecular
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October 16, 2013, 06:54:38 AM |
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only on 5 days has bitcoin traded higher than this  |
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rezurect
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October 16, 2013, 07:01:39 AM |
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Anybody wants to call the top?
166 from me.
you need to put a timeframe and maybe also call subsequent bottom. only very short term I believe 166 can be top. Not much volume traded there in the past (the bulltrap post-crash on april 24th) 166 for today, Daytrader style. But, even the walls @166 seems to be weak. Expecting a test of 150 in the medium term. Support @150 might hold. |
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justusranvier
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October 16, 2013, 07:18:42 AM |
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only on 5 days has bitcoin traded higher than this 6 days: April 7-11 and 24. |
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rpietila
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October 16, 2013, 07:28:33 AM |
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my god! here we go again... way more quickly than I would've thought.
post-april-crash high is 166 on gox. While one might argue we should rather look at bitstamp for clearing this, it's still the case: next stop after 166 would be all-time-high.
This rally still has a lot of legs imo. Why? The DPR arrest was a massive media exposure for bitcoin. It takes 2-6 weeks for newbies to start buying. It's 2 weeks now, so we might start to see that effect added soon and a new irrationality-phase (i.e. bubble) build up.
On the other hand: the last big bubble was not long ago at all, so maybe enough deep pockets remember and generate some friction, which will dampen the crash.
Who knows... it's anybodys guess.
The post-crash high of 166 and old ATH of 266 did not see meaningful volume, so they might be cleared with surprisingly little effort. Two weeks of trying to assault 32 was imho "surprisingly little" but this may be even less. That said, I would be more confident if we retraced at least 10% from now, and also took several attempts to beat 266. There is a high probability that we are in the early stages of a megamove taking us 10-100 times higher. It does not make too much sense to unload BTC to strength in this early phase of the move. I don't plan to sell until 4 digits and/or if it starts to look unsustainable and/or I have an insatiable need for purchasing something. Because of this general analysis, I will skip even daytrading. There is just too high risk (to miss a part of the move with part of the stash, holding fiat) compared to expected reward. |
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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October 16, 2013, 07:31:53 AM |
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my god! here we go again... way more quickly than I would've thought.
post-april-crash high is 166 on gox. While one might argue we should rather look at bitstamp for clearing this, it's still the case: next stop after 166 would be all-time-high.
This rally still has a lot of legs imo. Why? The DPR arrest was a massive media exposure for bitcoin. It takes 2-6 weeks for newbies to start buying. It's 2 weeks now, so we might start to see that effect added soon and a new irrationality-phase (i.e. bubble) build up.
On the other hand: the last big bubble was not long ago at all, so maybe enough deep pockets remember and generate some friction, which will dampen the crash.
Who knows... it's anybodys guess.
The post-crash high of 166 and old ATH of 266 did not see meaningful volume, so they might be cleared with surprisingly little effort. Two weeks of trying to assault 32 was imho "surprisingly little" but this may be even less. That said, I would be more confident if we retraced at least 10% from now, and also took several attempts to beat 266. There is a high probability that we are in the early stages of a megamove taking us 10-100 times higher. It does not make too much sense to unload BTC to strength in this early phase of the move. I don't plan to sell until 4 digits and/or if it starts to look unsustainable and/or I have an insatiable need for purchasing something. Because of this general analysis, I will skip even daytrading. There is just too high risk (to miss a part of the move with part of the stash, holding fiat) compared to expected reward. Agreed. I'm out of daytrading for now. It's tempting to play the game, but really, without any bad news, things could really move fast. |
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solex
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100 satoshis -> ISO code
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October 16, 2013, 07:48:14 AM |
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post-april-crash high is 166 on gox. While one might argue we should rather look at bitstamp for clearing this, it's still the case: next stop after 166 would be all-time-high.
Agreed. 166 might be the stop for bitstamp, but 180 is more likely the next stop for mtgox. The extra $14 being the gox-premium for degraded fiat, which wasn't the case when gox was last at 166 |
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tobyaus
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October 16, 2013, 08:17:31 AM |
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alot of activity happening right now on gox..
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dserrano5
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October 16, 2013, 08:22:58 AM |
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Agreed. 166 might be the stop for bitstamp, but 180 is more likely the next stop for mtgox. The extra $14 being the gox-premium for degraded fiat, which wasn't the case when gox was last at 166
If I was unfortunate enough for buying at 166 in April and wanted out, I'd sell as soon as I can so the resistance will happen wherever that price is reached first, ie gox. |
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TERA
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October 16, 2013, 08:45:19 AM |
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Sorry I was off by 3 dollars...
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Erdogan
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October 16, 2013, 08:49:04 AM |
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My oh my here we go down again (158). Crisis, sell, sell. It might take a whole hour before we are back again at 163!
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 16, 2013, 09:02:02 AM |
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Zangelbert Bingledack
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October 16, 2013, 09:17:43 AM |
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When this puppy hits $169 we'll be at $2 billion market cap.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 16, 2013, 10:01:56 AM |
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thoughtfan
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October 16, 2013, 10:10:24 AM |
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When this puppy hits $169 we'll be at $2 billion market cap.
Wouldn't $169 on Gox as 'market cap' be even less meaningful than before due to Gox's premium existing due only to choked fiat? |
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samson
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October 16, 2013, 10:12:29 AM |
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When this puppy hits $169 we'll be at $2 billion market cap.
Wouldn't $169 on Gox as 'market cap' be even less meaningful than before due to Gox's premium existing due only to choked fiat? It's meaningless anyway |
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ChartBuddy
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October 16, 2013, 11:02:07 AM |
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TheKoziTwo
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October 16, 2013, 11:25:58 AM |
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It's meaningless anyway
Did you buy back in after selling all or still believe in crash? |
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tarmi
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October 16, 2013, 11:34:26 AM |
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I didnt buy back after selling.
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