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samurai1200
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December 18, 2013, 02:34:38 AM |
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Yes fair enough. I said "700" rather arbitrarily. Call it psychological support  Based on the bouncing off $680 on Dec 8/9, it looks like we might see 12-24 hours more of this whipsaw before the market makes a decision. |
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cAPSLOCK
Legendary
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Activity: 3738
Merit: 5127
Whimsical Pants
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December 18, 2013, 02:38:48 AM |
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Amen!
I have to say that I did not expect so much support @ $700 gox. It's been nearly 24 hours.
Neither did I. And when it punched through to even lower than the initial dip I thought for sure the roller coaster was over the hill. I spouse it may still be... But btc has shown so many times a wacky resilience. |
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samurai1200
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December 18, 2013, 02:43:38 AM
Last edit: December 18, 2013, 03:02:05 AM by samurai1200 |
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Amen!
I have to say that I did not expect so much support @ $700 gox. It's been nearly 24 hours.
Neither did I. And when it punched through to even lower than the initial dip I thought for sure the roller coaster was over the hill. I spouse it may still be... But btc has shown so many times a wacky resilience. Well as Brisance pointed out above, I was dumb for not expecting it (see December 7-9). (Not what he said, but I was  ) |
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accord01
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December 18, 2013, 04:12:22 AM |
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it just broke 680 on MTGOX and hit 679... Only 120 btc at 680 though.
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Lady_Luck
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December 18, 2013, 05:04:17 AM |
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That's going to be interesting, will see if daily sma 100 or weekly sma 20 or the 0.764 fib in between can hold that one for now in china... Some bad crossing there on H4...
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cAPSLOCK
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Activity: 3738
Merit: 5127
Whimsical Pants
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December 18, 2013, 05:53:20 AM |
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That's going to be interesting, will see if daily sma 100 or weekly sma 20 or the 0.764 fib in between can hold that one for now in china... Some bad crossing there on H4...
Cut through 3k cny like butter and dropping fast on rising volume. All recent Gox support gone to on rising volume and it looks like Gox is starting to lag while gigantic trades chew through sellers. I am excited and also kinda sick/dizzy. |
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Lady_Luck
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December 18, 2013, 06:01:19 AM |
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Yep that's my take for where to find the next support/bounce/corrective wave. That feel sharp as a third, still... https://i.imgur.com/5Zlbc6v.png |
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Okurkabinladin
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December 18, 2013, 06:08:02 AM |
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Market just broke through 2700 CNY on China. With the current price difference, its only matter of time before thousands of coins flow from China to western exchanges...
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cAPSLOCK
Legendary
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Activity: 3738
Merit: 5127
Whimsical Pants
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December 18, 2013, 06:11:26 AM |
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Market just broke through 2700 CNY on China. With the current price difference, its only matter of time before thousands of coins flow from China to western exchanges...
I am pretty sure that started already. I would amend thousands to hundreds of thousands. Hope the other exchanges have liquidity to handle this wave... Whoooosh. |
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TeeBone
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December 18, 2013, 06:25:26 AM |
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Where is the prophet, oh masterluc come out come out. He called it yet again WOW
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cAPSLOCK
Legendary
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Activity: 3738
Merit: 5127
Whimsical Pants
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December 18, 2013, 06:29:48 AM |
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Where is the prophet, oh masterluc come out come out. He called it yet again WOW
I think I made him mad by asking about his short term target. I am new to the thread and him... So sorry. Hana. |
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accord01
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December 18, 2013, 06:44:32 AM |
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Where is the chart where Masterluc predicted a multi year bearish outcome down to $40 a few weeks ago?
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cAPSLOCK
Legendary
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Activity: 3738
Merit: 5127
Whimsical Pants
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December 18, 2013, 06:52:29 AM |
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Where is the chart where Masterluc predicted a multi year bearish outcome down to $40 a few weeks ago?
He never did afaik. I seem to remember something about 400. But not 40. |
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accord01
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December 18, 2013, 06:58:53 AM |
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Where is the chart where Masterluc predicted a multi year bearish outcome down to $40 a few weeks ago?
He never did afaik. I seem to remember something about 400. But not 40. No there was a longterm one where it was reaching $40 or $60... |
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Wekkel
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yes
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December 18, 2013, 07:06:59 AM |
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Only if Bitcoin retraces to the beginning.
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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December 18, 2013, 07:50:17 AM |
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So many bears in here its crazy. Please tell me one good reason that doesnt involve an imaginary line why the price is going to go down farther than it already has? Edit: Heres an imaginary line.  it seems we just crossed that trend. Yep, some fundamental news came out which changed everything. Without China essentially stopping bitcoin, we would be heading back up but now we are going down I think to an area similar to what Brisance posted. |
Bro, do you even blockchain?
-E Voorhees
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ncdlek
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December 18, 2013, 08:25:23 AM |
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i wonder what do you think about big orders that follows prize and disappear suddenly.
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samurai1200
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December 18, 2013, 08:29:50 AM |
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i wonder what do you think about big orders that follows prize and disappear suddenly.
they are put there by panicking whales that wish to push price in a certain direction. if you watch the "Wall Observer" threads, you'll notice there's a lot of talk about "vanishing walls"... |
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ncdlek
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Activity: 17
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December 18, 2013, 08:32:09 AM |
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i wonder what do you think about big orders that follows prize and disappear suddenly.
they are put there by panicking whales that wish to push price in a certain direction. if you watch the "Wall Observer" threads, you'll notice there's a lot of talk about "vanishing walls"... oh thanks. |
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bitcodo
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December 18, 2013, 08:33:03 AM |
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So many bears in here its crazy. Please tell me one good reason that doesnt involve an imaginary line why the price is going to go down farther than it already has? Edit: Heres an imaginary line. it seems we just crossed that trend. Yep, some fundamental news came out which changed everything. Without China essentially stopping bitcoin, we would be heading back up but now we are going down I think to an area similar to what Brisance posted. Wow lebing. I thought that your honey badger don't give a shit. |
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