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Question: Is the "bear market" over?
Yes - 47 (41.6%)
No - we need to sweep the low again - 24 (21.2%)
No - we need to set a new low first - 26 (23%)
No - other (explain below) - 16 (14.2%)
Total Voters: 113

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 27081676 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
Krabby
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June 16, 2014, 01:36:11 PM

And the sheep go....paaaaanic!

Baaaaa!
Kupsi
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9.9.2012: I predict that single digits... <- FAIL


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June 16, 2014, 01:36:49 PM

Yes, Bitcoin. I guess $5xx is history now  Cheesy

Dont be sure, still there is chance to touch again 5xx or lower.

I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours  Smiley

Edit: And there it was Smiley

So you were wrong once, and you want us to believe you will be wrong another time ?  Shocked Grin

Something like that. But $5xx is history soon. Everything below $1000 this summer is a cheap buy.
FNG
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June 16, 2014, 01:37:45 PM

And the sheep go....paaaaanic!
never fails. All 3 figure bitcoin sells get followed by sheep.

Ming boggling that we're not past this stage yet
madmat
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June 16, 2014, 01:38:55 PM

Yes, Bitcoin. I guess $5xx is history now  Cheesy

Dont be sure, still there is chance to touch again 5xx or lower.

I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours  Smiley

Edit: And there it was Smiley

So you were wrong once, and you want us to believe you will be wrong another time ?  Shocked Grin

Something like that. But $5xx is history soon. Everything below $1000 this summer is a cheap buy.
I hope you are right. I entered in bitcoin world after last ATH, so i never lived a "to the moon phase" and it's hard to believe it is going to happen once again.
akujin
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June 16, 2014, 01:40:27 PM

Yes, Bitcoin. I guess $5xx is history now  Cheesy
back to 5xx. LOL  Grin Grin Grin
Parazyd
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June 16, 2014, 01:41:11 PM

And the sheep go....paaaaanic!
never fails. All 3 figure bitcoin sells get followed by sheep.

Ming boggling that we're not past this stage yet


Slow and steady wins the race. Just don't panic. We're still pretty bullish.
Back to 600 today, and back to 700+ after the FBI auction.
roslinpl
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June 16, 2014, 01:42:45 PM



Compare volume and price from last few days Smiley seems like we are doing much better when the volume is very low Smiley

I know that this is all about supply and demand ... but I must say that to predict a bitcoin price for a week ... is very Smiley ultra hard...


Cheers!
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June 16, 2014, 01:43:35 PM

And the sheep go....paaaaanic!
never fails. All 3 figure bitcoin sells get followed by sheep.

Ming boggling that we're not past this stage yet


Slow and steady wins the race. Just don't panic. We're still pretty bullish.
Back to 600 today, and back to 700+ after the FBI auction.

I think 593 will hold. The new uptrend was too fast. Fibonacci retracements seems are a really god way to predict those small corrections Wink


628 USD is the next target Wink
Kupsi
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9.9.2012: I predict that single digits... <- FAIL


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June 16, 2014, 01:43:51 PM

Yes, Bitcoin. I guess $5xx is history now  Cheesy

Dont be sure, still there is chance to touch again 5xx or lower.

I'm not sure. When I predicted that single digits was history back in 2012 it went down to single digits one last time for some hours  Smiley

Edit: And there it was Smiley

So you were wrong once, and you want us to believe you will be wrong another time ?  Shocked Grin

Something like that. But $5xx is history soon. Everything below $1000 this summer is a cheap buy.
I hope you are right. I entered in bitcoin world after last ATH, so i never lived a "to the moon phase" and it's hard to believe it is going to happen once again.

No doubt. This forum will be full of dead bears, dancing bulls, rockets and fireworks again  Smiley
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June 16, 2014, 01:46:22 PM

And the sheep go....paaaaanic!
never fails. All 3 figure bitcoin sells get followed by sheep.

Ming boggling that we're not past this stage yet


Yup.
aminorex
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June 16, 2014, 01:48:35 PM


This is probably very improbable though

lol, what?  Cheesy
Dude seems to have a sophisticated model distinguishing alleatory and epistemic uncertainty.
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June 16, 2014, 01:55:59 PM

Yes, Bitcoin. I guess $5xx is history now  Cheesy

Don't jinx it!

There we are again
spooderman
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June 16, 2014, 01:56:57 PM

seems a little quiet for a monday. Where is everyone? Why such low volume too?

I need waves god dammit!
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June 16, 2014, 01:58:09 PM

So it's a profit making game and not the future of money?

If it was about the future of money, they would be holding, not selling.

The weak hands are typically both speculators and not convinced that Bitcoin will continue to see increased adoption and rising price. We need them to sell to go up since they are a negative feedback on rising prices. They will buy back in as we shoot to the moon and be the cause of the ensuing bubble burst and slow recovery again. These people are where successful traders profits come from.
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June 16, 2014, 02:00:57 PM


Explanation
oda.krell
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June 16, 2014, 02:42:45 PM

ITT some in here underestimate the (call it "psychological", if you want) effect a ~6 month bear market has on the following consolidation-slash-bull market, at least initially.

Remember how, after every ATH rally the bears need some time before they really get their way? It's the same now, only in reverse (and the amplitudes are slightly different due to the even larger trends governing the smaller segments).
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June 16, 2014, 02:43:46 PM

I see the fake sell walls are back
JorgeStolfi
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June 16, 2014, 02:44:14 PM

A curiosity question for those who believe in TA (which I still don't, sorry): are its rules symmetrical with respect to up and down? Namely, if a certain pattern is supposed to impliy This and That, is the same pattern, but upside down, supposed to imply the opposite of This and That?

(I am asking because I recently edited the Wikipedia article on 'cup and handle' (wait, no need to panic yet  Grin!), and it only discusses the 'upside-up' version, no mention of an 'upside-down' one.  But wasn't a reversed cup and handle mentioned in this thread, some time ago? Or maybe it was some other upside-down pattern?)
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June 16, 2014, 02:47:25 PM

Reversed head and shoulder pattern has been mentioned a couple times on here

don't know what it means though Cool
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June 16, 2014, 02:51:13 PM

Reversed head and shoulder pattern has been mentioned a couple times on here

don't know what it means though Cool

A great glossary for all of these terms can be found at investopedia

It really helped me out when i started reading here.. in fact if you highlight a term you read in here that you are unsure of, right click and search google, it usually comes up with investopedia first result.
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