Ivanhoe
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December 09, 2013, 05:43:49 PM |
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Stoch RSI says oversold on the daily, FYI.
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GreekGeek
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December 09, 2013, 05:45:54 PM |
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The question as far as I'm concerned is whether this is real or some type of dead cat bounce. I mean to get over $1000, close to $1100 would mean something to me. If it stalls out soon though I'd be worried it's headed for another drop. We'll see I guess. Anyone familiar with characteristics of dead cat bounce?
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I think the specialist in this area would be a real dead cat that bounces , or at least bounced while being dead
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neutrinox
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December 09, 2013, 05:46:45 PM |
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Anyone familiar with characteristics of dead cat bounce?
I think those apply to major crashes. This was more like a big correction, not really a crash. I mean nobody was thinking price would go to zero or something close to that (excluding Walsoraj of course with his single digit predictions). Most of those who sold during last weekend were simply trying to buy more bitcoins with a cheaper price.
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dgarcia
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December 09, 2013, 05:48:47 PM |
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The question as far as I'm concerned is whether this is real or some type of dead cat bounce. I mean to get over $1000, close to $1100 would mean something to me. If it stalls out soon though I'd be worried it's headed for another drop. We'll see I guess. Anyone familiar with characteristics of dead cat bounce?
It has the characteristic of an dead cat bounce. http://thepatternsite.com/dcb.htmlBut nobody knows. Uncertainty.
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bassclef
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December 09, 2013, 05:49:34 PM |
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The question as far as I'm concerned is whether this is real or some type of dead cat bounce. I mean to get over $1000, close to $1100 would mean something to me. If it stalls out soon though I'd be worried it's headed for another drop. We'll see I guess. Anyone familiar with characteristics of dead cat bounce?
I think the resistance (walls) before 900 (Stamp) are significant to calm the earlier flash rally. But "we" don't want to crash again. Profits have been taken, coins have been distributed to stronger hands. We may sit tight for awhile before more money (or news) causes an accumulation cycle to begin again.
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thezerg
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December 09, 2013, 05:50:44 PM |
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Price abruptly flatlining (I'm talking about the stability around 1100-1200) is classic bubble behavior, scaled to where April is the "first sell off". Now we are either in "back to normal" OR this time it REALLY is different! And it could be you know because Bitcoin and the global economic and political environment in which it finds itself really is different. The gradually increasing Google trends is bullish http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q. But there are other bearish forces which I'm sure you all know. I'm seeing busting through $1300 as the trigger for a resumption in the mania. This value will almost simultaneously crack the ATH, gold, and the recent BofA guidance.I think that the BofA number is important, even though this number was created by pulling numbers out of BofA analyst asses and then adding them together. But any veneer of math adds legitimacy in the minds of the collective investing public. If Bitcoin breaks this guidance quickly, it embarrasses the traditional analysts and says that Bitcoin defies them. And there is reason to think their analysis is flawed. It is unknown if you can use prior historical charts of centrally managed growth (a company) with decentralized growth. And if the rise takes longer than a week+, the "top" of the bubble starts to look too long for the rise as compared to classic flat-top bubbles. In that case, this could be just the "1/3 to half-way there" hiccup that is often seen on bubble graphs. In general, you want to be IN an exponentially increasing commodity, and out for very short periods. But if there was ANY time to take some profits (or sell now to buy back much lower), I think now is probably that time. But having said that let me make it clear that I am < 10% fiat so some might say I am not following my own prescription. BTW, this is not investment advice, I am not your investment advisor, do your own thinking.
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freethink2013
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December 09, 2013, 05:54:48 PM |
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The question as far as I'm concerned is whether this is real or some type of dead cat bounce. I mean to get over $1000, close to $1100 would mean something to me. If it stalls out soon though I'd be worried it's headed for another drop. We'll see I guess. Anyone familiar with characteristics of dead cat bounce?
It has the characteristic of an dead cat bounce. http://thepatternsite.com/dcb.htmlBut nobody knows. Uncertainty. seems a bit big of a bounce to me. 1226 > 576 > 910 is what happened a dead cat bounce would be something like 1226 > 576 > 600-700 and then back down. what we have here is a cat on a trampoline!
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adamstgBit
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December 09, 2013, 05:55:08 PM |
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Price abruptly flatlining (I'm talking about the stability around 1100-1200) is classic bubble behavior, scaled to where April is the "first sell off". Now we are either in "back to normal" OR this time it REALLY is different! And it could be you know because Bitcoin and the global economic and political environment in which it finds itself really is different. The gradually increasing Google trends is bullish http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q. But there are other bearish forces which I'm sure you all know. I'm seeing busting through $1300 as the trigger for a resumption in the mania. This value will almost simultaneously crack the ATH, gold, and the recent BofA guidance.I think that the BofA number is important, even though this number was created by pulling numbers out of BofA analyst asses and then adding them together. But any veneer of math adds legitimacy in the minds of the collective investing public. If Bitcoin breaks this guidance quickly, it embarrasses the traditional analysts and says that Bitcoin defies them. And there is reason to think their analysis is flawed. It is unknown if you can use prior historical charts of centrally managed growth (a company) with decentralized growth. And if the rise takes longer than a week+, the "top" of the bubble starts to look too long for the rise as compared to classic flat-top bubbles. In that case, this could be just the "1/3 to half-way there" hiccup that is often seen on bubble graphs. In general, you want to be IN an exponentially increasing commodity, and out for very short periods. But if there was ANY time to take some profits (or sell now to buy back much lower), I think now is probably that time. But having said that let me make it clear that I am < 10% fiat so some might say I am not following my own prescription. BTW, this is not investment advice, I am not your investment advisor, do your own thinking. translation: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fimages.weserv.nl%2F%3Furl%3Ds24.postimg.org%2Fdctn2rz1x%2FUntitled.png%26fnr&t=665&c=DiqaJXgo4hV5nQ)
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Nemo1024
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December 09, 2013, 05:55:26 PM |
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The question as far as I'm concerned is whether this is real or some type of dead cat bounce. I mean to get over $1000, close to $1100 would mean something to me. If it stalls out soon though I'd be worried it's headed for another drop. We'll see I guess. Anyone familiar with characteristics of dead cat bounce?
It has the characteristic of an dead cat bounce. http://thepatternsite.com/dcb.htmlBut nobody knows. Uncertainty. Schrödinger's cat bounce. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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gandhibt
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December 09, 2013, 05:59:23 PM |
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Price abruptly flatlining (I'm talking about the stability around 1100-1200) is classic bubble behavior, scaled to where April is the "first sell off". Now we are either in "back to normal" OR this time it REALLY is different! And it could be you know because Bitcoin and the global economic and political environment in which it finds itself really is different. The gradually increasing Google trends is bullish http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q. But there are other bearish forces which I'm sure you all know. I'm seeing busting through $1300 as the trigger for a resumption in the mania. This value will almost simultaneously crack the ATH, gold, and the recent BofA guidance.I think that the BofA number is important, even though this number was created by pulling numbers out of BofA analyst asses and then adding them together. But any veneer of math adds legitimacy in the minds of the collective investing public. If Bitcoin breaks this guidance quickly, it embarrasses the traditional analysts and says that Bitcoin defies them. And there is reason to think their analysis is flawed. It is unknown if you can use prior historical charts of centrally managed growth (a company) with decentralized growth. And if the rise takes longer than a week+, the "top" of the bubble starts to look too long for the rise as compared to classic flat-top bubbles. In that case, this could be just the "1/3 to half-way there" hiccup that is often seen on bubble graphs. In general, you want to be IN an exponentially increasing commodity, and out for very short periods. But if there was ANY time to take some profits (or sell now to buy back much lower), I think now is probably that time. But having said that let me make it clear that I am < 10% fiat so some might say I am not following my own prescription. BTW, this is not investment advice, I am not your investment advisor, do your own thinking. Good Shit.
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ChartBuddy
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December 09, 2013, 06:01:56 PM |
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maz
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December 09, 2013, 06:05:32 PM |
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JerryCurlzzz
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December 09, 2013, 06:17:36 PM |
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this bull trap is supposed to end soon, like duh
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EuroTrash
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December 09, 2013, 06:22:53 PM |
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everything follows price. if it wasnt for price - nobody would have heard about bitcoin.
Well I built my GPU mining rig because it was fun to create a liquid cooling system for the CPU and all 6 GPUs, with PWM control of all 4 fans and the pump itself. Not a good investment, that rig. But it was fun ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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keewee
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December 09, 2013, 06:25:44 PM |
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everything follows price. if it wasnt for price - nobody would have heard about bitcoin.
Well I built my GPU mining rig because it was fun to create a liquid cooling system for the CPU and all 6 GPUs, with PWM control of all 4 fans and the pump itself. Not a good investment, that rig. But it was fun ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Not a good investment? What are those coins you mined worth now? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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rpietila
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December 09, 2013, 06:26:23 PM |
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Price abruptly flatlining (I'm talking about the stability around 1100-1200) is classic bubble behavior, scaled to where April is the "first sell off". Now we are either in "back to normal" OR this time it REALLY is different! And it could be you know because Bitcoin and the global economic and political environment in which it finds itself really is different. The gradually increasing Google trends is bullish http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q. But there are other bearish forces which I'm sure you all know. I'm seeing busting through $1300 as the trigger for a resumption in the mania. This value will almost simultaneously crack the ATH, gold, and the recent BofA guidance.I think that the BofA number is important, even though this number was created by pulling numbers out of BofA analyst asses and then adding them together. But any veneer of math adds legitimacy in the minds of the collective investing public. If Bitcoin breaks this guidance quickly, it embarrasses the traditional analysts and says that Bitcoin defies them. And there is reason to think their analysis is flawed. It is unknown if you can use prior historical charts of centrally managed growth (a company) with decentralized growth. And if the rise takes longer than a week+, the "top" of the bubble starts to look too long for the rise as compared to classic flat-top bubbles. In that case, this could be just the "1/3 to half-way there" hiccup that is often seen on bubble graphs. In general, you want to be IN an exponentially increasing commodity, and out for very short periods. But if there was ANY time to take some profits (or sell now to buy back much lower), I think now is probably that time. But having said that let me make it clear that I am < 10% fiat so some might say I am not following my own prescription. BTW, this is not investment advice, I am not your investment advisor, do your own thinking. Good Shit. +1
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Davyd05
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December 09, 2013, 06:31:20 PM |
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this bull trap is supposed to end soon, like duh
Yep. It's getting boring. boring lol.. probably sold some more coins at 700 ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I am sure you sold at 950-1100 and got back in at like 640 or something like that already.
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Vigil
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December 09, 2013, 06:31:23 PM |
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There are basically just enough bulls to keep this price steady.
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