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EvilPanda
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March 27, 2014, 02:11:33 PM |
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Could be a tripple-ish bottom
Don't look for a pattern here, this is a FUD correction, not a typical one created by lack of price support. The same as when people found out Karpeles stole their money. Nobody can predict something like that. i disagree. Imo it was very much predictable (i predicted it  ). there is no price support, and even less pumping going on. volumes are shit, nobody is rushing to buy bitcoins, everyone is on an observation phase. so we're going down until some other whale decide to pump the price a little, just to avoid crashing back to 400. but you can clearly see that slow down pattern ever since the ATH was reached. there was no genuine capitulation yet. Everybody still thinks sub600$ is cheap. i call it BS. So you think this fall would've happened even if there was no Chinese FUD twice this week (each taking us lower)? |
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fonzie
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March 27, 2014, 02:17:32 PM |
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Maybe 480$ first?
Huobi shows no mercy!
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hdbuck
Legendary
 Offline
Activity: 1260
Merit: 1002
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March 27, 2014, 02:20:17 PM |
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Could be a tripple-ish bottom
Don't look for a pattern here, this is a FUD correction, not a typical one created by lack of price support. The same as when people found out Karpeles stole their money. Nobody can predict something like that. i disagree. Imo it was very much predictable (i predicted it ). there is no price support, and even less pumping going on. volumes are shit, nobody is rushing to buy bitcoins, everyone is on an observation phase. so we're going down until some other whale decide to pump the price a little, just to avoid crashing back to 400. but you can clearly see that slow down pattern ever since the ATH was reached. there was no genuine capitulation yet. Everybody still thinks sub600$ is cheap. i call it BS. So you think this fall would've happened even if there was no Chinese FUD twice this week (each taking us lower)? yup. chinese fud is the only explanation you could come up with for this downtrend, because people need to rationalize things. However, i believe the leg down has nothing to do with news. Just weak hands getting impatient because of the lack of upward pressure. News is just an excuse to give up a little bit more: if it wasnt for chinese fud it would have been something else. |
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cbutters
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March 27, 2014, 02:25:01 PM |
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worst part is I panic sold at 562 and panic bought at 569.... probably the worst two trades ever.
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icey
Legendary
Offline
Activity: 1578
Merit: 1000
May the coin be with you..
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March 27, 2014, 02:25:10 PM |
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Are we likely to test 500 today? Surely not. It's not looking good though
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magicmexican
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March 27, 2014, 02:27:27 PM |
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China going full retard
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 27, 2014, 02:28:10 PM |
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Could be a tripple-ish bottom
Don't look for a pattern here, this is a FUD correction, not a typical one created by lack of price support. The same as when people found out Karpeles stole their money. Nobody can predict something like that. i disagree. Imo it was very much predictable (i predicted it ). there is no price support, and even less pumping going on. volumes are shit, nobody is rushing to buy bitcoins, everyone is on an observation phase. so we're going down until some other whale decide to pump the price a little, just to avoid crashing back to 400. but you can clearly see that slow down pattern ever since the ATH was reached. there was no genuine capitulation yet. Everybody still thinks sub600$ is cheap. i call it BS. So you think this fall would've happened even if there was no Chinese FUD twice this week (each taking us lower)? yup. chinese fud is the only explanation you could come up with for this downtrend, because people need to rationalize things. However, i believe the leg down has nothing to do with news. Just weak hands getting impatient because of the lack of upward pressure. News is just an excuse to give up a little bit more: if it wasnt for chinese fud it would have been something else. I tend to agree with this... But I also believe its a good time to buy when others are discouraged and impatient, the coins should be pretty well distributed by now, and with all the FUD these past month, i would imagine strong hands willing to go the distance caught the majority of the coins going down. its looking rather safe ( this is bitcoin so safe is extremely relative... ) to buy sub 600 IMO holy molly price is going down pretty hard! 515.6 |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 27, 2014, 02:29:05 PM |
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mmmm come on 400's!
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lemonte
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March 27, 2014, 02:29:08 PM |
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I'll put £20 on real. Not betting BTC, regardless of the outcome I'd be fucked. |
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fonzie
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March 27, 2014, 02:29:44 PM |
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Bitstamp Bid depth
9,012,591.50 USD
Whole bid volume
1 : 2.13
Ratio
brrrrrrrr
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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March 27, 2014, 02:30:17 PM |
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Bid walsl being pulled, ask walls continue to pile up.
Looks very bad.
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cbutters
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March 27, 2014, 02:30:24 PM |
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hopefully this is like the silk road crash...
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Todorius
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March 27, 2014, 02:30:29 PM |
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We're still above the long term historic support trendline. It could go as low as the mid 400's until the strong buying support kicks in and we resume the upward trend again:  So everything still within normal parameters. |
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darklight
Member
Offline
Activity: 88
Merit: 10
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March 27, 2014, 02:30:33 PM |
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People are so eager to ignore the fake pump at the start of the month and blame all this on news and FUD. Its been fairly obvious that after getting to $700 based on the actions of just one or two traders we would be drifting back down to the previous levels eventually. The news hasn't helped today, but in no way has it been the only factor
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Hypnoise
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March 27, 2014, 02:30:44 PM |
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Bitcoin will go on...
It will go on  I will roll over the world But price for now seems boring again ... Come on BTC! in fact, they’re even good in some ways – they distract the boring people so the interesting ones can be left alone to make something challenging and important. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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March 27, 2014, 02:30:56 PM |
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So, who didn't SODL yet?  |
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Icardi09
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March 27, 2014, 02:31:40 PM |
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sold at $550 many hours ago buy order at $480 |
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ShroomsKit
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March 27, 2014, 02:31:46 PM |
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mmmm come on 400's!
Huh? Why would you want it to go to the 400's? |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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March 27, 2014, 02:32:04 PM |
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We're still above the long term historic support trendline. It could go as low as the mid 400's until the strong buying support kicks in and we resume the upward trend again: So everything still within normal parameters. What is the volume in your chart? Volume in currency? Obviously its not BTCVolume mmmm come on 400's!
Huh? Why would you want it to go to the 400's? He sold? Shorted? Duh? |
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Poll
