BitPirate
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June 17, 2013, 02:20:36 PM |
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Gox is oversold. All the markets in China are higher than Gox -- which makes for a change as they usually settle closer when given enough time.
I can see that plenty of bids are entering order books as people want to buy back, but they are a fair bit off the current price. As confidence returns on Mon/Tues, they will be moved up to market price and back up we will go.
Price won't be able to rise above $110 or so though -- it will take quite some time for confidence to fully return; perhaps a minimum of two weeks. Things will get going though. It's a great buying opportunity (as usual ;-) )
That confidence just takes time, not necessarily lower prices as some would believe.
Using the exchange rate of USD/YUAN, what is the comparable price on Chinese markets? Additionally, your English is excellent $104 - $105 ATM :-)
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Jozzaboy
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June 17, 2013, 02:41:15 PM |
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Gox is oversold. All the markets in China are higher than Gox -- which makes for a change as they usually settle closer when given enough time.
I can see that plenty of bids are entering order books as people want to buy back, but they are a fair bit off the current price. As confidence returns on Mon/Tues, they will be moved up to market price and back up we will go.
Price won't be able to rise above $110 or so though -- it will take quite some time for confidence to fully return; perhaps a minimum of two weeks. Things will get going though. It's a great buying opportunity (as usual ;-) )
That confidence just takes time, not necessarily lower prices as some would believe.
Using the exchange rate of USD/YUAN, what is the comparable price on Chinese markets? Additionally, your English is excellent $104 - $105 ATM :-) Thanks mate. Time to empty my accounts of fiat I think!
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BitPirate
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June 17, 2013, 02:46:38 PM |
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:-) You can see all the China markets and the USD prices here: http://btckan.com/price (USD is the second column from the left). Sorry for the OT posts :-)
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Jozzaboy
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June 17, 2013, 02:57:48 PM |
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:-) You can see all the China markets and the USD prices here: http://btckan.com/price (USD is the second column from the left). Sorry for the OT posts :-) It's all in Han . Thank god for Babelfish...
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Abandon (OP)
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June 18, 2013, 12:44:49 PM |
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I predict up from here, there will be some small corrections, but mostly up, really far up. The sky is the limit. For now.
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Jozzaboy
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June 18, 2013, 12:52:46 PM |
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I'm feeling it too. Minimum high of 120, maximum of 135.
A lot of good news recently but the market has been bottoming out from sell pressure of whales. Confidence will come back.
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ft73
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June 18, 2013, 03:09:27 PM |
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I'm feeling it too. Minimum high of 120, maximum of 135.
A lot of good news recently but the market has been bottoming out from sell pressure of whales. Confidence will come back.
If it's going to 135$ then it's going to 150$. For now we have to work out 112$ to 115$, which should be a though range. Failing to break within a few days we'd go back to 105$ and lower..
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Abandon (OP)
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June 19, 2013, 06:39:01 PM |
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It looks like we're in a Cup and Handle formation, we're at the handle part at the moment. If this is a Cup and Handle formation, we can expect a rally upward anytime within an hour or so. Perhaps in a few minutes.
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Jozzaboy
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June 19, 2013, 06:42:41 PM |
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I hope so. My hand is strong but i'm eager to short if I end up with more bitcoins.
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ElectricMucus
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June 19, 2013, 06:54:03 PM |
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It looks like we're in a Cup and Handle formation, we're at the handle part at the moment. If this is a Cup and Handle formation, we can expect a rally upward anytime within an hour or so. Perhaps in a few minutes.
Your thesis is almost out of time, you are grasping the last straw.
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Abandon (OP)
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June 20, 2013, 06:33:20 PM Last edit: June 20, 2013, 07:04:40 PM by Abandon |
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With the recent breakout, and Mt. Gox halting withdrawals, it looks like we can see 120 or above by today or tomorrow. Crossed the EMA's:
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Abandon (OP)
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June 21, 2013, 03:42:28 PM |
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FiatKiller
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June 21, 2013, 03:53:11 PM |
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Perhaps when posting in this thread you should put the Mt Gox Weighted Average as a reference. $111.65
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Abandon (OP)
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June 21, 2013, 04:04:53 PM |
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Perhaps when posting in this thread you should put the Mt Gox Weighted Average as a reference. $111.65
I Added the VWAP to it, if that's what that is.
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Jozzaboy
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June 21, 2013, 04:42:24 PM |
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How interesting... so we are very undervalued with the MTGox PR hiccup and 'real' value is somewhere around 125+?
Rpetiela, Rpetiela... Rpetiela. What is the price on 12/31/13?
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