windjc
Legendary
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Activity: 2156
Merit: 1070
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May 05, 2014, 06:40:35 AM |
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2660 is still holding as support on Houbi.
And by support, I mean in the way a 100 year old draw string bridge with 30% of its wood flooring missing acts as support.
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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May 05, 2014, 07:00:47 AM |
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2660 is still holding as support on Houbi.
And by support, I mean in the way a 100 year old draw string bridge with 30% of its wood flooring missing acts as support.
Poetic, windy. Gave me visions of an old Tarzan movie. He fell in and had to wrestle a croc. Watch your step.  |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 05, 2014, 07:03:14 AM |
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cech4204a
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May 05, 2014, 07:07:11 AM |
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and here comes the drop of monday  |
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TeeBone
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May 05, 2014, 07:08:07 AM |
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Timber ?
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akujin
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May 05, 2014, 07:11:13 AM |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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May 05, 2014, 07:12:38 AM |
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2660 is still holding as support on Houbi.
And by support, I mean in the way a 100 year old draw string bridge with 30% of its wood flooring missing acts as support.
Poetic, windy. Gave me visions of an old Tarzan movie. He fell in and had to wrestle a croc. Watch your step. This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out. Its like a leak in a bucket right now. It reminds me of the Gox situation, where we had like 9 daily red candles in a row, none of them big, just a slow mundane sell off, until finally the big news came. |
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magicmexican
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May 05, 2014, 07:17:05 AM |
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Meh, maybe 2550 will hold
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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May 05, 2014, 07:20:13 AM |
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2660 is still holding as support on Houbi.
And by support, I mean in the way a 100 year old draw string bridge with 30% of its wood flooring missing acts as support.
Poetic, windy. Gave me visions of an old Tarzan movie. He fell in and had to wrestle a croc. Watch your step. This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out. Its like a leak in a bucket right now. It reminds me of the Gox situation, where we had like 9 daily red candles in a row, none of them big, just a slow mundane sell off, until finally the big news came. Ya. I'm pretty pessimistic about our current situation. I know that all trends will eventually reverse (or maybe not), but I think the 1w and 3d trend says about all there is to say right now. ** Pessimism is a state of mind in which one anticipates undesirable outcomes. |
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mah87
Donator
Hero Member
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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May 05, 2014, 07:21:08 AM |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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May 05, 2014, 07:22:32 AM |
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Meh, maybe 2550 will hold
It will bounce there, probably a couple of times, unless some news finally comes. And its going to take its sweet time meandering to there anyway. Who knows how long all this goes on. |
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BitAddict
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Activity: 1190
Merit: 1001
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May 05, 2014, 07:26:10 AM |
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I can't believe they are using that crap. How much did they get paid for saying that? |
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JorgeStolfi
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May 05, 2014, 07:29:52 AM |
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This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out.
The bad news are already out there: May/10 seems to be for real, one Chinese exchange already closed, and the CEOs of the other exchanges apparently can't find anything upbeat to say. Not at all like a month ago, after the Caixin leak, when they thought that they had found workarounds. I can't see why the price would not go below 2300 CNY (~375 USD) by the end of the week. It got there on Apr/11, on mere rumors that this would happen... |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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May 05, 2014, 07:30:14 AM |
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I can't believe they are using that crap. How much did they get paid for saying that? Maybe because ripple is not crap ? It's ok I think you'll change your mind when another bank will jump in, or maybe overtstock mark my words buddy |
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cech4204a
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May 05, 2014, 07:31:51 AM |
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This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out.
The bad news are already out there: May/10 seems to be for real, one Chinese exchange already closed, and the CEOs of the other exchanges apparently can't find anything upbeat to say. Not at all like a month ago, after the Caixin leak, when they thought that they had found workarounds. I can't see why the price would not go below 2300 CNY (~375 USD) by the end of the week. It got there on Apr/11, on mere rumors that this would happen... maybe thats good news Chinese were eating s**t with BTC all the time |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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May 05, 2014, 07:32:08 AM |
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This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out.
The bad news are already out there: May/10 seems to be for real, one Chinese exchange already closed, and the CEOs of the other exchanges apparently can't find anything upbeat to say. Not at all like a month ago, after the Caixin leak, when they thought that they had found workarounds. I can't see why the price would not go below 2300 CNY (~375 USD) by the end of the week. It got there on Apr/11, on mere rumors that this would happen... Its going to take 1 or more of the big 3 exchanges saying they are shutting down or moving offshore. The exchanges may not say anything. They may keep a few work arounds past May 10th. Nothing is for certain. This market really does act like it wants to here the news. Everyone is lining up to sell. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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May 05, 2014, 07:35:05 AM |
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This market is just DYING for some bad news. It can't even keep itself up in anticipation of it.
Maybe so. Let's see how many hours can it keep below 400... |
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cech4204a
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May 05, 2014, 07:36:52 AM |
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This market is just DYING for some bad news. It can't even keep itself up in anticipation of it.
Maybe so. Let's see how many hours can it keep below 400... i guess this is true, and this means that big raise is possible, once the bounce happens |
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yenom
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May 05, 2014, 07:37:52 AM |
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If bitcoin goes down another 6 months, all the coins belong to the likes of me. You still think the price will go down afterwards?
I can see the headlines on CoinDesk now like the headlines in the early 1900s about Jesse Livermore:
Risto Pietila tries to corner bitcoin market |
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mooncake
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May 05, 2014, 07:38:36 AM |
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Ya. I'm pretty pessimistic about our current situation. I know that all trends will eventually reverse (or maybe not), but I think the 1w and 3d trend says about all there is to say right now.
** Pessimism is a state of mind in which one anticipates undesirable outcomes.
This is one pessimistic comment. More of such comment must be expected before a reversal. |
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