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thefiniteidea
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August 14, 2013, 01:13:58 PM |
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If we break $110, I will eat my feet.
Good short position here in my opinion.
I know we broke $110 (it was more of an "around" here statement anyway, and I have eaten many feet since then)... but it still hasn't broken by much, and I continue to think this is a good time to sell BTC. Who else thinks so? |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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siulynot
Legendary
 Offline
Activity: 1274
Merit: 1000
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August 14, 2013, 01:18:12 PM |
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If we break $110, I will eat my feet.
Good short position here in my opinion.
I know we broke $110 (it was more of an "around" here statement anyway, and I have eaten many feet since then)... but it still hasn't broken by much, and I continue to think this is a good time to sell BTC. Who else thinks so? I think we will break $115 soon. |
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lucif (OP)
Sr. Member
Offline
Activity: 462
Merit: 250
Clown prophet
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August 14, 2013, 01:43:42 PM |
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I think we will break $115 soon.
This count looks active still, especially with reverse H&S pattern. But I'd stay away from trading in this triangle, as August was always bearish in Bitcoin.  |
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samurai1200
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August 14, 2013, 04:24:01 PM |
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Who else thinks so?
I know we're at $115 now, but the continuous touching of all my overbought indicators make it hard for me to take a long position. However, btc was solidly overbought for weeks on the run-up to $266. |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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August 14, 2013, 04:35:29 PM |
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If we break $110, I will eat my feet.
Good short position here in my opinion.
I know we broke $110 (it was more of an "around" here statement anyway, and I have eaten many feet since then)... but it still hasn't broken by much, and I continue to think this is a good time to sell BTC. Who else thinks so? I think we will break $115 soon. This is clearly an interesting point. If we break $115 for good it can go quite a way over the next days/weeks, summer or not. If we bounce off $115 I still wont turn bearish (we need to break $90 for me to even think about that). Don't know wether I would go long now if I wasn't already, it seems risky... the fundamentals are sound but not bright, so mood can swing with the controversial news background. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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lucas.sev
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August 14, 2013, 04:55:31 PM |
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Who else thinks so?
I know we're at $115 now, but the continuous touching of all my overbought indicators make it hard for me to take a long position. However, btc was solidly overbought for weeks on the run-up to $266. Same here, seems a lot of risk... just remember a 3days ago we were 6k BTC to 99. |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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August 14, 2013, 05:02:54 PM |
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There is a possible explanation for the whales to keep buying: if they buy up to 125, there are 14k plus resistance, lets say 20k total.
At that point we could enter a positive feedback loop, with just 50k BTC available on Gox. If the flow of BTC from outside Gox
is going to be lower than the local depletion, we might see 180 $. Otherwise, the last whale buy didn't make sense to me.
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Sometimes, if it looks too bullish, it's actually bearish
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BrightAnarchist
Donator
Legendary
Offline
Activity: 853
Merit: 1000
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August 15, 2013, 11:52:36 PM |
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S&P probable top - this time non-confirmation on the A/D line, which is the first top we've had since 2009 with this. Also hindenburg omens and titanic up the wazoo, this is pretty rare.
Does this mean Bitcoin will follow? I don't know, but 'tis the season for crashes coming (September, October)
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lucif (OP)
Sr. Member
Offline
Activity: 462
Merit: 250
Clown prophet
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August 16, 2013, 12:09:43 AM |
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Continue here. Say all good bye to lucif. |
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