mbets
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December 13, 2013, 12:48:52 PM |
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Yes I don't think we have one here either.
Though if it rises to 960+ again, it can form one
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tutkarz
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December 13, 2013, 12:56:11 PM |
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I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.
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owlbear
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December 13, 2013, 01:03:10 PM |
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For what it's worth: the one-hour chart does show a perfect cup and handle right now.
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Mirsad
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Bitcoin - love & hate
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December 13, 2013, 01:04:30 PM |
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I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.
I don't know if we watch the same charts... But there is a clear downtrend from 11. december till today. There was a bulltrap. But it's on the way down. The peek was reached a few hours ago. And the peak was 10% lower then 2 days ago. I don't see any price increase here. Do you? For what it's worth: the one-hour chart does show a perfect cup and handle right now.
Gox US? I don't see a cup and handle and nowhere a perfect cup and handle.. Gox EU is even worse. Same with BTCChina
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seleme
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Duelbits.com
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December 13, 2013, 01:08:41 PM |
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and of course bastard is going down after I accepted a loss ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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mbets
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December 13, 2013, 01:10:38 PM |
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seleme
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December 13, 2013, 01:15:05 PM |
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At $600 the 'trends' were still peaking (as much as I hate to depend on trends), the media was still pumping the bitcoin propaganda and people's interests were being piqued.
Now the trends are down, the media has been saturated (something thats hard for bitcoiners to accept, what people actually would just ignore our bitcoin arcitles???) and we are yesterday's news.
As far as not knowing how much 'pressure' is left. It's pretty obvious, we've been flapping off this ~1k resistance like a wet fish for for a while now, the only pressure that's left is in bull's heads.
My bearish call was about 7 hours after China popped in 19th November, public the following day. My correct calls have been to sell ALL bitcoins in 2011 for $25 (never before, nor ever after), and buy back at $2-$3 (which I did follow myself). The fact that after the actual pop in November, the old steam still inflated the bubble to almost twice the size is fun ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Perhaps selling some more today - every day mounts more evidence that it's not going anywhere. Yesterday you said that 2nd bubble was first in which you were invested yet now you are saying that you sold at 25$ and bought back at 2$. YOu need help definitely, medical one. It took years to recover from 2011. It took months to recover from April 2013. This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66. People are staring at $600 now. Everyone knows the significance of that #. Barring bad news, I don't think we go below it. If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February.
Agreed. The cycle is accelerating, all the signs are there. We're hitting the mainstream. Train is picking up steam, if you like. Risto and the bears are myopically pointing to the meaningless trendline... look at the time lag between the April and November rallies compared to the behavior before, and tell me this thing isn't accelerating. I'd be unsurprised to see the next rally inside of 3 months. I have also had my first bubble, which is characterized by disbelief, and the second (first in which I was invested) characterized by euphoria and denial of bubblepop. Now in my third bubble I am wiser and know the trendline, and the value of pi() is still 3.14159... even in heaven, and some things just don't change, and even if they do, you can quantify then mathematically. This is analysis over emotion thing now. Some point in the next 3 months we will see 0.5, possibly lower, and afterwards I will tell you how much I made. You(pl.) sound so much like me last April that I wonder if your investor cycle is one bubble behind me ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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pickard
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December 13, 2013, 01:21:00 PM |
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seleme
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December 13, 2013, 01:26:16 PM |
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Bitcoin, why u do this to me? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Nemo1024
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December 13, 2013, 01:30:29 PM |
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Bitcoin, why u do this to me? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Welcome to the club. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members. I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween.
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iarsenaux
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December 13, 2013, 01:31:31 PM |
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Looks like another FUD wave coming too, the EU warning is morphing into 'EU wants to ban bitcoin' and the energy usage has sprung up again. Pure FUD because when mining tops out it will come down to electricity costs and non renewables can't compete with renewable energy at that point. Mining will drive innovation and investment of renewable energy and sit on the border between profit from mining and profit from just selling the power to the grid: http://upstart.bizjournals.com/news/technology/2013/12/12/bitcarbon-bitcoin-carbon-footprint.html?page=allThat guy must have missed the train and has a buy order @ 300 - 400.
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wachtwoord
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December 13, 2013, 01:42:42 PM |
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I don't believe it. 42% wouldn't be able to locate the USA on a world globe.
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seleme
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December 13, 2013, 01:42:48 PM |
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Bitcoin, why u do this to me? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Welcome to the club. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members. I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween. I've lost 4.5k and it's now on the level I would be 1-1.5k at loss. But fuck it, that's why it is fun, there's still lot more good moments than bad ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JimboToronto
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You're never too old to think young.
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December 13, 2013, 01:44:27 PM |
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mbets
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December 13, 2013, 01:48:40 PM |
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seleme
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December 13, 2013, 01:52:36 PM |
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I wouldn't trade BTC now in any direction if my life would depend on it..
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ChartBuddy
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December 13, 2013, 02:01:52 PM |
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EuroTrash
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December 13, 2013, 02:03:47 PM |
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Bitcoin, why u do this to me? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Welcome to the club. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members. I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween. I've lost 4.5k and it's now on the level I would be 1-1.5k at loss. But fuck it, that's why it is fun, there's still lot more good moments than bad ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Guys. If I had just hold all the time I would be a multi millionaire, in dollars, today. Just saying.
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macsga
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Strange, yet attractive.
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December 13, 2013, 02:04:16 PM |
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Someone is clearly dumping coinz!!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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seleme
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December 13, 2013, 02:04:49 PM |
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I wouldn't trade BTC now in any direction if my life would depend on it..
The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while. Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed.
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