ChartBuddy
Legendary
 Offline
Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2014, 05:00:36 AM |
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ShroomsKit
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December 18, 2014, 05:03:18 AM |
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Cheap coins everyone!
This is awesome right?
Right?
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ShroomsKit
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December 18, 2014, 05:04:06 AM |
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I haven't seen this one in a while:
Just shaking out the weak hands.
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bclcjunkie
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December 18, 2014, 05:08:11 AM |
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also it's the margin trading that decides market movements these days... look at those idiots piling into short positions recently about to get margin called... the same noobs change their tune as soon as they spot a tiny rally and start throwing money on longs, so gullible and so easy to profit from... this will probably go on as long as speculators can profit and shake more coins off of the weak hands... i'd say no rally until some real black swan type of event drives up real demand and bleeds all those speculators dry... somehow china exchanges and finex appear to be working in tandem and profiting greatly on a regular basis... 316 fell, next horizontal support would be 275.
Out of curiosity Blitz: do you think 275 will hold? There has been a lot of talk about the 270ish level around here, and often it has been called 'the real bottom'. Given the flurry of bad bottom calls of the past 10 months or so I'm very sceptical about that, although there will likely be a major battle around that level. But what do you think? Second: if 270-ish gets broken, do you expect Bitcoin to crumble down to the high 100's? As for pure technical analysis, no real clue, sorry, I don't think there is a reasonable way to tell beforehand. It's one of those things where you've got to see it playing out, anything else will just lead to pouring your bias into the prediction. But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high. Oh, as for what happens should we decisively break this level, I would definitely expect a flash crash at that point. Where that flash crash leads is extremely difficult to predict beforehand (that's the nature of a flash crash after all), but sub 200 is not out of the realm of possibility. It also really depends on the particular exchange in a super volatile environment. |
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InvestorPerson
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December 18, 2014, 05:08:25 AM |
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just a little shakeout, just a little shakeout ! uuh wallstreet, yeah wallstreet is buying in soon, moon next, hodl you guys  |
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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December 18, 2014, 05:09:44 AM |
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WoopDeBoop
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December 18, 2014, 05:12:34 AM |
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Cheap coins everyone!
This is awesome right?
Right?
yep |
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caga
Full Member
Offline
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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December 18, 2014, 05:13:51 AM |
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Cheap coins everyone!
This is awesome right?
Right?
yep Really?, I have seen people say that all the way when prices were dropping from 1200 to 320 now. |
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InvestorPerson
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December 18, 2014, 05:16:06 AM |
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Cheap coins everyone!
This is awesome right?
Right?
yep Really?, I have seen people say that all the way when prices were dropping from 1200 to 320 now. "cheap" is so relative. there's always cheaper, until you go into negative values |
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TeeBone
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December 18, 2014, 05:16:10 AM |
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Cheap coins everyone!
This is awesome right?
Right?
yep Really?, I have seen people say that all the way when prices were dropping from 1200 to 320 now. The paid shyster trolls are out in full force. Run along, everything is ok... |
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Malin Keshar
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December 18, 2014, 05:18:02 AM |
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I haven't seen this one in a while:
Just shaking out the weak hands.
It will start to appear when we reach new recent low prices, that is, when we get lower than 300 for more than a day or two |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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December 18, 2014, 05:20:42 AM |
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I haven't seen this one in a while:
Just shaking out the weak hands.
It will start to appear when we reach new recent low prices, that is, when we get lower than 300 for more than a day or two yes and we certainly will as merchants that got all those bitcoins on "black friday" or whatever sell b/c they are underwater by 20 or 30% great solution for merchants eh.... |
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twiifm
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December 18, 2014, 05:23:26 AM |
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I haven't seen this one in a while:
Just shaking out the weak hands.
It will start to appear when we reach new recent low prices, that is, when we get lower than 300 for more than a day or two Strong hands HODL to zero. Take that fiat lovin statists! |
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coinableS
Legendary
Offline
Activity: 1442
Merit: 1186
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December 18, 2014, 05:28:49 AM |
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David M
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December 18, 2014, 05:34:05 AM |
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great solution for merchants eh....
Bitcoin is not for pussies. My business took in 0.3BTC for a sale when the price was $1200 AUD. Because the client screwed me on the exchange rate (It should have been AUD$1135 but "you have to keep the customer happy". I sold 1 BTC at AUD$1150 out of spite and bought 2 cases of rum. The rum is all gone.... |
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Eddie Brock
Newbie
Offline
Activity: 53
Merit: 0
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December 18, 2014, 05:36:30 AM |
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TeeBone
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December 18, 2014, 05:42:48 AM |
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Watch the panic selling under 300 |
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Wary
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December 18, 2014, 05:45:50 AM |
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310 wall is eaten. (Just realised that it's my first post in the wall observer thread that actually mentions a wall) |
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Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
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December 18, 2014, 05:50:10 AM |
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Time for despair, the question is who's got enough sand to deal with it. These will be the times that try men's souls. And, the usual suspects will be scooping up like there's no tomorrow. Be there or be square.  |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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December 18, 2014, 05:59:09 AM |
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Volume painting bot running on Huobi. It's placing ask walls and then eating them immediately. Someone is trying to prop the price up.
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Poll
