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kehtolo
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November 20, 2013, 10:26:36 AM |
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Scary? It looks like the point will meet at $400 - ergo it shouldn't dip below that.
Also - Stamp looks to be bouncing right now.. and is ~$15 ahead of Gox!
Bounce starting, being led by Stamp???
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The next 24 hours are critical!
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Miz4r
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Activity: 1246
Merit: 1000
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November 20, 2013, 10:27:37 AM |
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Stamp is being stamped right now lol.
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Bitcoin = Gold on steroids
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Miz4r
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November 20, 2013, 10:30:50 AM |
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Scary? It looks like the point will meet at $400 - ergo it shouldn't dip below that. It's not an exact science, there is no guarantee it will stop at $400. And bullish pattern or not a drop from $900 to $400 is fucking scary. |
Bitcoin = Gold on steroids
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siulynot
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Activity: 1274
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November 20, 2013, 10:58:20 AM |
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Stamp is goxin
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pera
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バカ
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November 20, 2013, 11:03:06 AM |
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lol are you serious? falling wedge pattern doesn't make sense in forex/bitcoin edit: oh and btw we already broke the bottom line at $453 in gox  |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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Tzupy
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Activity: 2128
Merit: 1074
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November 20, 2013, 11:06:07 AM |
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lol are you serious? falling wedge pattern doesn't make sense in forex/bitcoin edit: oh and btw we already broke the bottom line at $453 in gox And this was on low volume, the most is yet to come. |
Sometimes, if it looks too bullish, it's actually bearish
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Miz4r
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Activity: 1246
Merit: 1000
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November 20, 2013, 11:38:15 AM |
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lol are you serious? falling wedge pattern doesn't make sense in forex/bitcoin edit: oh and btw we already broke the bottom line at $453 in gox What bottom line? |
Bitcoin = Gold on steroids
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NamelessOne
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Activity: 840
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November 20, 2013, 11:49:47 AM |
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LOL, I woke up, saw the falling wedge/pennant on my trading view, posted on the wall observer, and then come here to see MasterLuc posted this hours ago, haha.
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NamelessOne
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November 20, 2013, 11:58:23 AM |
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lol are you serious? falling wedge pattern doesn't make sense in forex/bitcoin edit: oh and btw we already broke the bottom line at $453 in gox Bitcoin has done falling wedges in the past regardless how how much sense it might or might not make. |
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pera
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Activity: 532
Merit: 261
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November 20, 2013, 12:40:11 PM |
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The problem I see about using the falling wedge pattern here is that MtGox is not the only Bitcoin exchange.. you are taking something from a 1D / mono-platform stock market to use it in something similar to a forex market. Basically what I want to say is: other exchanges don't share the same shape, so I believe this specific pattern is not being "correctly" used in this case. and you may see any pattern anywhere if you try hard enough  |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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NamelessOne
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November 20, 2013, 12:45:31 PM |
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The problem I see about using the falling wedge pattern here is that MtGox is not the only Bitcoin exchange.. you are taking something from a 1D / mono-platform stock market to use it in something similar to a forex market. Basically what I want to say is: other exchanges don't share the same shape, so I believe this specific pattern is not being "correctly" used in this case. and you may see any pattern anywhere if you try hard enough All very valid points. Bitcoin is funny though and seems to do its own thing with a combo of all kinds of markets. There have been plenty of times though in which patterns on one exchange (namely gox) appear but don't appear as perfectly on the other exchanges. Yet the gox pattern triggers the rest eventually. I suppose we can see how this plays out!  |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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November 20, 2013, 12:54:45 PM |
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The problem I see about using the falling wedge pattern here is that MtGox is not the only Bitcoin exchange.. you are taking something from a 1D / mono-platform stock market to use it in something similar to a forex market. Basically what I want to say is: other exchanges don't share the same shape, so I believe this specific pattern is not being "correctly" used in this case. and you may see any pattern anywhere if you try hard enough MtGox leads bitstamp and btce , those who have eyes glued on charts knows that.. |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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pera
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Activity: 532
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November 20, 2013, 12:56:15 PM |
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But this time everything was triggered by BTCChina right? at least their volume is extraordinary in comparison with MtGox...
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ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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Tzupy
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November 20, 2013, 12:57:54 PM |
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Gox hasn't seen the volume I expected, maybe it's yet to come. But it seems Gox and China trigger each other.
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Sometimes, if it looks too bullish, it's actually bearish
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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November 20, 2013, 01:00:42 PM |
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China futures are at Y3089 and falling.
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fontas
Newbie
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Activity: 18
Merit: 0
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November 20, 2013, 01:26:40 PM |
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Lucif's Crystal Ball near perfect prediction once again
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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November 20, 2013, 02:00:49 PM |
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False break out? No volume!!
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How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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NamelessOne
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Activity: 840
Merit: 1000
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November 20, 2013, 02:16:17 PM |
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False break out? No volume!!
No real breakout, there was kind of a mini wedge within this larger wedge that shot up into the 500s, but we are still within the larger wedge. |
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NamelessOne
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Activity: 840
Merit: 1000
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November 20, 2013, 02:30:05 PM |
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We have a spike out of the wedge... will it continue?
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JustAnotherSheep
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November 20, 2013, 03:11:34 PM |
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noob question but couldn't the wedge be redrawn like so:  making this not a breakout? |
Is it a bull? Is it a bear? No, it's just another sheep.
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