adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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May 23, 2014, 03:27:02 PM |
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I have 10 reasons 1. Scarce 2. Durable 3. Portable 4. Divisible 5. Impossible to counterfeit 7. Fungible ( any 1 BTC has the same value as any other ) 8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...) 9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny) 10. all of the above. + very shiny |
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CoinRocka
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May 23, 2014, 03:29:37 PM |
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normally i'd be expecting a bit of a pull back from here, ( up 20% in 4 days... ) but volume on these down swings indicates strong support, and will probably absorb all selling pressure and simply move higher, soon.
i'm thinking market action in the 600's will be critical to really gage supply vs demand, and setting a long term target.
all signs point to 600+ in the next few days.
Bitfinex Currency Total sum of active swaps USD 16,585,814.59 USD This squeezed, additionally to the closure of the chinese exchanges in the next 2-3 weeks will bring us to to 250-300$. Shroomskit can you hear me?   |
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spooderman
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Activity: 1708
Merit: 1047
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May 23, 2014, 03:35:24 PM |
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Anyone else see the potential double top?
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CoinRocka
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May 23, 2014, 03:36:49 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? |
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ChrisML
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May 23, 2014, 03:39:33 PM |
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For the first time in 3 months, im long.
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pftq
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Activity: 10
Merit: 0
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May 23, 2014, 03:45:10 PM |
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This is from an automated trading system I built for primarily trading stocks, but I managed to pull a feed in for BTC as well. The move for the last few days looks pretty decent - it very clearly broke the downtrend that's been plaguing the currency for a while. http://www.pftq.com/stocks/images/2014-05-23_11-14,_Daily_BTC_Chart.gif |
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spooderman
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Activity: 1708
Merit: 1047
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May 23, 2014, 03:45:28 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? I don't know, could you perhaps show me an example of a triple bottom to help further my understanding? |
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CoinRocka
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May 23, 2014, 03:52:48 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? I don't know, could you perhaps show me an example of a triple bottom to help further my understanding? zoom out |
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pftq
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Activity: 10
Merit: 0
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May 23, 2014, 03:58:29 PM |
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Anyone else see the potential double top?
What about the much more profound triple bottom? I don't know, could you perhaps show me an example of a triple bottom to help further my understanding? zoom out It's more consolidation and breakout imo. The triple bottom is harder to see since the third time down actually went briefly below the previous two lows and held there for a while. |
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ChartBuddy
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Activity: 2660
Merit: 2365
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 23, 2014, 04:00:40 PM |
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rezurect
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May 23, 2014, 04:01:18 PM |
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Next stop 550. I see the 510 wall moved to 550. If he pulled @ 510 he could pull @ 550.
I've hodled through 6 months of Bear Fart,
I pray, the Gods of June will make it worth the wait.
=)))) That made me laugh. Be carefully , lots of berries getting ripe in the forest so they might have enough ammo for another round of farts  . Fall 550. |
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studio1one
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May 23, 2014, 04:03:17 PM |
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I don't see no triple bottoms or double tops, apart from the double top we just bounced of that met the last high in April.
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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May 23, 2014, 04:13:57 PM |
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Pictures of bottoms and tops please.
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aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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May 23, 2014, 04:15:04 PM |
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"infinity" is not a number as such. It's a class of equivalence (of all the bijectives sets alike).
Got a cardinal number which isn't? Ok, I admit, to make that challenging (which, in my idiolect, means 'implies a contradiction') I had to use a qualifier. |
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jl2012
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Activity: 1792
Merit: 1137
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May 23, 2014, 04:15:39 PM |
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I don't see no triple bottoms or double tops, apart from the double top we just bounced of that met the last high in April.
There's your double top  Unless it goes below 470, it is not a double top. |
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freebit13
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May 23, 2014, 04:16:32 PM |
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I was around when that started, although it was so long ago that I can't remember what it was about. Was it Bob and the Church of the Sub Genius, or the Cult of the Pink Unicorn, of the Flying Spaghetti Monster? The FSM is fairly late to the game (Still good fun though). I think Discordianism predates the Subgenius thing but I'm not sure and don't care. It's Friday. Have a hot-dog  Let's stay in the spirit of the day... here, have a pizza rather   http://www.coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-btc/Edit: ooops, sorry I'm a day late  |
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YogoH
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May 23, 2014, 04:19:02 PM |
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It is double top that will cup and handle like my guess above.
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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May 23, 2014, 04:25:35 PM |
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oh look cheap coins
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BitChick
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Merit: 1001
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May 23, 2014, 04:26:15 PM |
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oh look cheap coins
Everything under $1000 is cheap!  |
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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May 23, 2014, 04:27:42 PM |
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big wall at 550 removed.
market sell incoming? place bids!!!!
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Poll
