windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 22, 2013, 09:12:37 AM |
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Such swing. Much mystery. What'll happen next? Surely different this time. If no new bad news comes out of China, what is going to drive the price down this time. One might argue we are no longer overbought. I'm looking at these two blue boxes and they're the same pattern and we're on a downtrend. so would you continue to read it as it will continue to dip and follow trend/pattern? TERA hopes so. Technicals says so. However, we could be on the verge of reversing trends back up. We will probably know by Christmas.
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dani
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December 22, 2013, 09:13:05 AM |
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I can't fine the person to quote, but he said whenever everyone bets on one trend the opposite will happen instead. He is clearly right, so this one feels good:
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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December 22, 2013, 09:13:27 AM |
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sit tight kids
chances are you will get your strike price
nothing guarantees a loss...like an actual, actualized loss
panic moves are the grist of the whales
yeah....should figure out how paper wallets work.....nice and get them laminated for protection.....get a safe deposit box...so pretty...(my precious) then if it all goes poof I can stack them next to my 'stamp collection: Stamps of the Earth of my youth.....be right up there with the now defunct 'east Germany stamps" and USSR stamps...there you go ...there's a plan... on the other hand...if this stuff works ..the above greedy bas*rd plan will be considered genius.....either way the BTC is mine I tell you mine! (wanders off scratching crotch mumbling my precious to myself) Searing
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MicroFi
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December 22, 2013, 09:14:36 AM |
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Such swing. Much mystery. What'll happen next? Surely different this time. If no new bad news comes out of China, what is going to drive the price down this time. One might argue we are no longer overbought. I'm looking at these two blue boxes and they're the same pattern and we're on a downtrend. so would you continue to read it as it will continue to dip and follow trend/pattern? That way you could reason it would go down ad infinitum ... I don't think we're going to see any lower lowers anymore. Give it another couple of days and you'll see we're going to be over 1000 again in the first half of January.
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TERA
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December 22, 2013, 09:16:15 AM |
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Such swing. Much mystery. What'll happen next? Surely different this time. If no new bad news comes out of China, what is going to drive the price down this time. One might argue we are no longer overbought. I'm looking at these two blue boxes and they're the same pattern and we're on a downtrend. so would you continue to read it as it will continue to dip and follow trend/pattern? That way you could reason it would go down ad infinitum ... I don't think we're going to see any lower lowers anymore. Give it another couple of days and you'll see we're going to be over 1000 again in the first half of January. No if it was getting ready to break out of the downtrend then it wouldn't make that pattern - a pattern of weakness - it would some different pattern. So next time it goes down and comes back up it'll make a different pattern and it wont go down ad infinitum.
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outofservice
Member
Offline
Activity: 70
Merit: 11
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December 22, 2013, 09:23:38 AM |
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Such swing. Much mystery. What'll happen next? Surely different this time. If no new bad news comes out of China, what is going to drive the price down this time. One might argue we are no longer overbought. I'm looking at these two blue boxes and they're the same pattern and we're on a downtrend. so would you continue to read it as it will continue to dip and follow trend/pattern? TERA hopes so. Technicals says so. However, we could be on the verge of reversing trends back up. We will probably know by Christmas. Outofservice hopes so also. Sold at 700 waiting to jump back in lower
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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December 22, 2013, 09:25:24 AM |
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Wow, what just happened, from 590 to 700. Must be pump and dump.
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TERA
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December 22, 2013, 09:28:25 AM |
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Wow, what just happened, from 590 to 700. Must be pump and dump.
Bots bought due to 1 hour cross.
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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December 22, 2013, 09:29:45 AM |
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Wow, what just happened, from 590 to 700. Must be pump and dump.
Bots bought due to 1 hour cross. Between what averages?
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 22, 2013, 09:31:04 AM |
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Wow, what just happened, from 590 to 700. Must be pump and dump.
Bots bought due to 1 hour cross. So another cross in five minutes and bots sell?
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TERA
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December 22, 2013, 09:32:04 AM |
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Wow, what just happened, from 590 to 700. Must be pump and dump.
Bots bought due to 1 hour cross. Between what averages? I'm not sure exactly which ones the bots follow but on bitcoinwisdom I'm looking at EMA 7 , 30.
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gandhibt
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December 22, 2013, 09:33:21 AM |
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sit tight kids
chances are you will get your strike price
nothing guarantees a loss...like an actual, actualized loss
panic moves are the grist of the whales
+1
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MAbtc
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December 22, 2013, 09:35:54 AM |
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Goombo's system is 10/21, some traders around here follow that on hourly.
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gandhibt
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December 22, 2013, 09:36:28 AM |
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how much was used on that market order? 1000+? did he manage to sell so much that, that was profit?
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jojo69
Legendary
Offline
Activity: 3332
Merit: 4613
diamond-handed zealot
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December 22, 2013, 09:40:59 AM |
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pit pat piffy
wing wong wang
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gandhibt
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December 22, 2013, 09:42:47 AM |
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pit pat piffy
wing wong wang
ty, very informative
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kurious
Legendary
Offline
Activity: 2590
Merit: 1643
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December 22, 2013, 09:45:44 AM |
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I can't fine the person to quote, but he said whenever everyone bets on one trend the opposite will happen instead. He is clearly right, so this one feels good: Might have been me: The only thing I have consistently seen here is when the crowd tips one way, Bitcoin is quite happy to go the other.
That said - I don't have prophetic pretensions - I just know that it's very hard to call it. I am still holding some 'play fiat' (it is the weekend and just before Christmas after all) and I have been holding it for a few days. I think that is wise, but the general bearish mood is unusually strong - and our worst crashes have been when we are most bullish.
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fotosonics
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December 22, 2013, 09:45:55 AM |
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I must say, this is a good way to kill time waiting for a 4-hour export from Adobe Aftereffects.
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rezurect
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December 22, 2013, 09:48:04 AM |
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Im almost convinced, the dip is over...But im taking no position on that..
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MikeH
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December 22, 2013, 09:49:09 AM |
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I'm cowish, ie. udderly confused.
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