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thoughtfan
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October 24, 2013, 09:14:02 AM |
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Where are the bears??
Hibernating. They may just be hiding behind a hedge ready to jump out and gloat if this recovery isn't the last of it! More a spectator myself than a speculator (being generally a buy, sell/spend small occasionally and do nothing on the wild swings man) the volume and size of this morning's drop is such that I'm not convinced it is the end. However, although I'm watching the value of my holding go up and down by crazy numbers I'm more entertained by the show than concerned  |
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mah87
Donator
Hero Member
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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October 24, 2013, 09:14:20 AM |
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Where are the bears??
 You should be careful   |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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October 24, 2013, 09:14:37 AM |
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That was a nice and deep correction, Crash is so 'has been'.
Double digits dream on, no goxlag or ddos to help you. We are going for new ATH soon.
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mah87
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Activity: 756
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October 24, 2013, 09:16:59 AM |
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That was a nice and deep correction, Crash is so 'has been'.
Double digits dream on, no goxlag or ddos to help you. We are going for new ATH soon.
sorry to disappoint you but it's gonna crash back to 120. |
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maz
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October 24, 2013, 09:18:51 AM |
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Peoples enthusiasm is inspiring, if somewhat delusional...
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klee
Legendary
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Activity: 1498
Merit: 1000
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October 24, 2013, 09:20:11 AM |
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LMAO it will hit 230$ @Gox again, oh the manipulators know how to shake weak hands and amateur traders!
It's gonna crash Don't bet your ass |
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JimboToronto
Legendary
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Activity: 4186
Merit: 4816
You're never too old to think young.
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October 24, 2013, 09:20:19 AM |
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it's gonna crash back to 120.
You're probably too young to know what a broken record sounds like but it kinda just keeps repeating itself, repeating itself, repeating itself... |
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mah87
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Activity: 756
Merit: 500
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October 24, 2013, 09:24:06 AM |
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it's gonna crash back to 120.
You're probably too young to know what a broken record sounds like but it kinda just keeps repeating itself, repeating itself, repeating itself... It's gonna crash back to 120 within 24hours; |
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Corelianer
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October 24, 2013, 09:24:09 AM |
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A correction needs several days, whatever happens today needs to be confirmed first...
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DougTanner
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October 24, 2013, 09:28:18 AM |
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There's the correction, 18 hours after I thought it would happen... A shame I missed it, could have picked up some cheap coins.  |
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rpietila
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Activity: 1722
Merit: 1036
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October 24, 2013, 09:40:49 AM |
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(Bitstamp figures used) If we set the beginning of the current upmove to $122, which was the base in early October, and the high point to $205.4, we have the following Fibonacci levels:
1st: $173.5
2nd: $153.9
3rd: $141.7
I have been successfully trading but watching the 2nd level almost always. If we are talking about a daily move, the base is the plateau in the last 12-24 hours, if medium-term move, the base is the last consensus when price was flat for several days or weeks.
We already touched $157 and now the price is going up with a vengeance. There are several scenarios:
- Price will continue to go up, and surpass the intermediate high of $205 in a few days, so that this will be remembered as a flashcrash. In February-March we had several of them, shaving off 20-30% of the price but leaving no mark except on those who sold out and did not manage to buy back in.
- Price will fall back to where we started ($120s), which questions the viability of the whole supposed uptrend or this October, turning it to a bull trap. meh87 is advocating this.
- We are currently experiencing a Fibonacci retracement on our way to higher highs. This would point to a reasonable probability of revisiting $150s, and underline the support found there. If I had money in the exchange, I would try to fish from there, and not hope for going any lower. If several days pass and the uptrend is resumed, the scenario still holds but the opportunity to buy has already passed.
Beautiful analysis! Thanks. The initial crash dipped straight to the 1st Fibonacci level, and the second selloff is almost there in the 2nd level. If it had gone a few bucks lower, I would think that's it. Now I hope that we revisit the lows. No money at stake because I did not sell (it was a troll). Perhaps I'll just have to send some to Bitstamp to be able to play.. |
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VincentX
Newbie
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Activity: 37
Merit: 0
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October 24, 2013, 09:44:16 AM |
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I hate sleep. What a beautiful opportunity missed because of petty biological needs.  |
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Le Happy Merchant
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October 24, 2013, 09:44:43 AM |
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No money at stake because I did not sell (it was a troll).
Well shit, you got me. Masterfully trolled. |
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prophetx
Legendary
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 24, 2013, 09:45:16 AM |
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We didnt even test the high...  You know what that means... |
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David M
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October 24, 2013, 09:46:25 AM |
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prophetx
Legendary
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 24, 2013, 09:48:51 AM |
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You should be using candle stick not closing price, as the lattet does not exist. |
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pera
Sr. Member
Offline
Activity: 532
Merit: 261
バカ
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October 24, 2013, 09:55:24 AM |
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fuck everything, just bought at 191
sold at 205.11, buying again at 196... wish me luck  |
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ardana123
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October 24, 2013, 09:57:55 AM |
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I hate the words "cheap coins"! Arrghhh stop using it!!!
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mah87
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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October 24, 2013, 09:58:44 AM |
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I hate the words "cheap coins"! Arrghhh stop using it!!!
ahhaah +1 IT'S GONNA CRASH ! |
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San1ty
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October 24, 2013, 09:59:18 AM |
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fuck everything, just bought at 191
sold at 205.11, buying again at 196... wish me luck Think you are out of luck, 210 Soon TM! |
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