michaelGedi
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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April 21, 2015, 11:38:21 PM |
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How low do you reckon we could go?
to the inverse moon
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 22, 2015, 12:40:42 AM |
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How low do you reckon we could go?
Courtesy of myself (the user, not me)
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Longenecker
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April 22, 2015, 02:02:47 AM |
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How low do you reckon we could go?
Courtesy of myself (the user, not me) Bull -wait for it- shit
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 22, 2015, 02:27:13 AM |
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How low do you reckon we could go?
Courtesy of myself (the user, not me) Bull -wait for it- shit Yep! That's all any of these rally's are based on. Bullshit
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ErisDiscordia
Legendary
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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April 22, 2015, 06:35:23 AM |
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How low do you reckon we could go?
Courtesy of myself (the user, not me) Bull -wait for it- shit Yep! That's all any of these rally's are based on. Bullshit Indeed. See my signature for further reference.
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It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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April 22, 2015, 07:07:16 AM |
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I believe we are going lower as well probably, but the chart that myself uses as reference for correction is (as referred to above) complete bullshit. As Luc says, TA is "unlocked" by fundamental events. It would take a massive amount of fundamentally terrible events for it to go anywhere below 150. Unless that happens, that chart is just bear porn.
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Bro, do you even blockchain? -E Voorhees
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oda.krell
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Activity: 1470
Merit: 1007
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April 22, 2015, 09:21:31 AM |
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ITT people see what they want see...
I'm leaning towards 'more downside' as well (expecting to see sub-200 again, for example), but you'll note that luc didn't say "New lower low incoming", but rather "Further price collapse is possible, but not required".
Also, prices an order of magnitude lower than current price (i.e. ryn's myself chart) are pretty unlikely in my opinion, unless catastrophic protocol failure or "global crypto ban" happens. It took more than a year for price to deflate 75% (as measured by a 20 day average), and we're already showing signs of selling exhaustion, so I wouldn't bet much on pre-2013 prices.
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Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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inca
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Activity: 1176
Merit: 1000
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April 22, 2015, 09:21:48 AM |
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How low do you reckon we could go?
Courtesy of myself (the user, not me) Riiiiight. Such delusion at the end of a bear market.
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muhrohmat
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April 22, 2015, 09:50:44 AM |
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well in the last chart i can see a detailed graphic of long term stable and rise to 500 dollars in 2 years the BTC but with some flocutations even in ending of years
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molecular
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Activity: 2772
Merit: 1019
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April 22, 2015, 11:17:58 AM |
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well in the last chart i can see a detailed graphic of long term stable and rise to 500 dollars in 2 years the BTC but with some flocutations even in ending of years
btc definitely flocutates too much, still.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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RyNinDaCleM
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 22, 2015, 12:25:03 PM |
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How low do you reckon we could go?
Courtesy of myself (the user, not me) img snipped...Riiiiight. Such delusion at the end of a bear market. See, you guys read it all wrong. That chart isn't targeting $.05 for this correction (though I know it looks like that with the box and the note), it means we are correcting the entire history of Bitcoin. Not just the 2013 euphoria phase.
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oda.krell
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Activity: 1470
Merit: 1007
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April 22, 2015, 12:48:11 PM |
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See, you guys read it all wrong. That chart isn't targeting $.05 for this correction (though I know it looks like that with the box and the note), it means we are correcting the entire history of Bitcoin. Not just the 2013 euphoria phase.
Get it now, wasn't clear to me at first glance. Besides "we won't retrace 100% of wave 1", is there any other price level prediction that can be derived from that parse?
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Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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molecular
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Activity: 2772
Merit: 1019
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April 22, 2015, 01:06:47 PM |
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See, you guys read it all wrong. That chart isn't targeting $.05 for this correction (though I know it looks like that with the box and the note), it means we are correcting the entire history of Bitcoin. Not just the 2013 euphoria phase.
aah! thanks for clearing that up. I read it wrong, too.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Natalia_AnatolioPAMM
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April 22, 2015, 02:09:38 PM |
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well in the last chart i can see a detailed graphic of long term stable and rise to 500 dollars in 2 years the BTC but with some flocutations even in ending of years
I don't see any rises possible. bitcoin's not the one to survive
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h3speros
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April 22, 2015, 07:25:17 PM |
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ITT people see what they want see...
I'm leaning towards 'more downside' as well (expecting to see sub-200 again, for example), but you'll note that luc didn't say "New lower low incoming", but rather "Further price collapse is possible, but not required".
Also, prices an order of magnitude lower than current price (i.e. ryn's myself chart) are pretty unlikely in my opinion, unless catastrophic protocol failure or "global crypto ban" happens. It took more than a year for price to deflate 75% (as measured by a 20 day average), and we're already showing signs of selling exhaustion, so I wouldn't bet much on pre-2013 prices.
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masterluc (OP)
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Activity: 938
Merit: 1013
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April 22, 2015, 08:39:09 PM |
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Gold h&s
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Trolololo
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April 22, 2015, 09:03:40 PM |
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See, you guys read it all wrong. That chart isn't targeting $.05 for this correction (though I know it looks like that with the box and the note), it means we are correcting the entire history of Bitcoin. Not just the 2013 euphoria phase.
Get it now, wasn't clear to me at first glance. Besides "we won't retrace 100% of wave 1", is there any other price level prediction that can be derived from that parse? Higher than 32 USD/BTC (wave 1)
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molecular
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Activity: 2772
Merit: 1019
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April 23, 2015, 06:42:33 AM |
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Gold h&s
sorry, can someone explain the implications should it play out? Is head and shoulders a continuation pattern or bearish or what?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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hdbuck
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Activity: 1260
Merit: 1002
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April 23, 2015, 06:47:20 AM |
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Gold h&s
sorry, can someone explain the implications should it play out? Is head and shoulders a continuation pattern or bearish or what? exactly what happened to bitcoin not even a month ago. how did it played out?
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Wary
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April 23, 2015, 07:03:15 AM Last edit: April 23, 2015, 07:21:05 AM by Wary |
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Gold h&s
sorry, can someone explain the implications should it play out? Is head and shoulders a continuation pattern or bearish or what? According to the picture - bearish. If price reaches black rectangle - short, when it reaches blue one - cover, but if it goes up instead and reaches red rectangle - cut your losses.
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Fairplay medal of dnaleor's trading simulator.
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