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Author Topic: the running of the bulls  (Read 3167 times)
Dr.Steve
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April 17, 2013, 07:30:52 PM
 #21

looks like we've broken from the downside.
corrections are often over-corrections, and now, when ever there is major selling, I see buyer swooping in.

hopefully, stabilize and slowly appreciate without the hysteria of a week ago
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wareen
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April 17, 2013, 07:43:43 PM
Last edit: April 17, 2013, 08:18:07 PM by wareen
 #22

With over 17.2 million USD we just broke the all-time-high bid sum. Quite some money still on Mtgox seems to be waiting for an entry point.

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TELEGRAM     BITCOINTALK     FACEBOOK
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notme
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April 17, 2013, 08:02:02 PM
 #23

With over 17.2 million USD we just broke the all-time-high ask sum. Quite some money still on Mtgox seems to be waiting for an entry point.

Asks are 3.5X higher than before the top though.

https://www.bitcoin.org/bitcoin.pdf
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wareen
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April 17, 2013, 08:18:42 PM
 #24

Asks are 3.5X higher than before the top though.
True, there seems to be a lot of pressure from both sides.

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TELEGRAM     BITCOINTALK     FACEBOOK
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▬▬▬▬▬▬▬   E M A I L   ▬▬▬▬▬▬▬
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notme
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April 17, 2013, 08:21:52 PM
 #25

Asks are 3.5X higher than before the top though.
True, there seems to be a lot of pressure from both sides.

Which is why my liquidity bot is turning nice profits.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
jl2012
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April 18, 2013, 01:02:42 AM
 #26

looks like the bulls are running!
95+

Failed to hit 100. Double top?

maybe. or just consolidation. bid side looks strong but ask side has also filled up with people ready to unload. tons of selling pressure, it's up to the market to decide whether or not $100 bitcoins can really be taken seriously again.

Trading as low as 84 now and seems still going down. Triangle is broken and seems not merely consolidation. The last high at around 82 could be decisive and I bet it will not hold.

It's late here. I expect to wake up with 70s.

OK, it bearly touched 83 and bounced.

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arepo (OP)
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April 18, 2013, 06:18:03 PM
 #27

OK, it bearly touched 83 and bounced.



-===-

best guess: $100 is a short-term top. doesn't seem like we have the oomph right now. if $80 holds on the bounce, bull sign. otherwise this might really just be a drawn-out bulltrap. after failing to break $100 yesterday, i'm starting to fear if $50 is really the bottom...

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April 18, 2013, 07:43:57 PM
 #28

OK, it bearly touched 83 and bounced.



-===-

best guess: $100 is a short-term top. doesn't seem like we have the oomph right now. if $80 holds on the bounce, bull sign. otherwise this might really just be a drawn-out bulltrap. after failing to break $100 yesterday, i'm starting to fear if $50 is really the bottom...

It climbs slowly - that's better than the headless chicken rally from Friday Smiley
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