Market cycle : where do you think we are ? (July 11)

[tokeweed]

straight up euphoria

rofl

[afbitcoins]

Not speaking for myself but people are panicking

[freedomno1]

Desperation day give it a few more hours to transition towards panic

[tokeweed]

Desperation day give it a few more hours to transition towards panic

yeah. but some people are still in a state of denial. they wont sell whatever happens.

[freedomno1]

Desperation day give it a few more hours to transition towards panic

yeah. but some people are still in a state of denial. they wont sell whatever happens.

Well there's selling and then theirs building up bitcoins by aiming downward hehe

[Wagner2014]

FEAR

[dakiller]

Somewhere between Fear and Capitulation.

I saw the tide turn at $128, but didn't sell most till $120.

[xorglub]

Come on, we're not at capitulation yet !

Past denial for sure, if we refer to the mode traditional 5 stages of grief, I'd say between anger and bargaining.
Lots of anger in the air for sure, just look at all the trolling taking place on this forum in the past few days
Lots of bargaining too, as perma-bulls are now joining the bears playing the "we're in a downtrend, but I'll use that to increase my position by buying the dips and selling on the bounce up. Buy low, sell high, I'm making money right ?" game.
Not enough despair... but don't worry we'll get there.

[tokeweed]

Come on, we're not at capitulation yet !

Past denial for sure, if we refer to the mode traditional 5 stages of grief, I'd say between anger and bargaining.
Lots of anger in the air for sure, just look at oll the trolling taking place on this forum in the past few days
Lots of bargaining too, as perma-bulls are now joining the bears playing the "we're in a downtrend, but I'll use that to increase my position by buying the dips and selling on the bounce up. Buy low, sell high, I'm making money right ?" game.
Not enough despair... but don't worry we'll get there.

i am excited to see how all the people pissed off react when it gets to this stage.

[marvinrouge]

market cycle thermometer, part 3 

[xavier]

We're in a mid term down trend

Things are playing out just as expected

Target: $30

[freedomno1]

Hope

[Wagner2014]

Still in the denial stage I reckon. 

[derpinheimer]

Hope

Today:
18,699.49 sold
17,676.04 bought


It's hard to make a case for hope with that not being in favor of buyers.

[freedomno1]

Hope

Today:
18,699.49 sold
17,676.04 bought


It's hard to make a case for hope with that not being in favor of buyers.

The case was for the bounce if you refer to the image graph you can see that its similar to hope  


https://mtgox.com/

[BitPirate]

Hope

Today:
18,699.49 sold
17,676.04 bought


It's hard to make a case for hope with that not being in favor of buyers.

Basically even then. The stat isn't very useful anyway -- obviously an equal number were sold as bought, but more were sold at market price than bought. However, this is not a very good gauge of the direction of sentiment trend change. What is interesting to know is, overall, what was the age of those bids in the orderbook, and how that age has changed recently. (i.e. how many of the bids are relatively new).

[BitPirate]

Hope

Today:
18,699.49 sold
17,676.04 bought


It's hard to make a case for hope with that not being in favor of buyers.

The case was for the bounce if you refer to the image graph you can see that its similar to hope  


https://mtgox.com/

This chart is just f***ing awesome. A bunch of people investing and singing from the same songsheet!

LOL

Seriously, this is no different from people basing their decisions on the bible.

The true bottom (which is either already in, or not far off), is a fantastic opportunity to profit from people who blindly adhere to such faith.

[freedomno1]

Temporary set back
I'm a long term investor 

[Radacoin]

Denial. Quite obvious.

[sarc]

Come on guys, let's be objective about this, here's a chart:



It's clear to me than denial was on its ass and on the way out, but just got up for a final pasting before going down for good. ...fear is coming.