sgbett (OP)
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Activity: 2576
Merit: 1087
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November 12, 2013, 09:31:14 PM |
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 OH NOES! Somebody has painted a double top picture on the chart, sell everything!!!! * (* By sell everything I mean, all your dollars, cos if somebody is trying this hard to make it look like you should sell BTC, then I would really consider doing the opposite) But that's just advice man. Do whatever the f*ck you wanna do! (courtesy of hodge twins) |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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Alty
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November 12, 2013, 09:41:16 PM |
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Is it going to break upwards?
Is it going into reverse?
Is it going to stabilize for a few minutes, or perhaps longer?
Find out.......... later
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Birdy
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November 12, 2013, 09:42:55 PM |
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You could also call it a cliffhanger.
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windjc
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Activity: 2156
Merit: 1070
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November 12, 2013, 09:43:26 PM |
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OH NOES! Somebody has painted a double top picture on the chart, sell everything!!!! * (* By sell everything I mean, all your dollars, cos if somebody is trying this hard to make it look like you should sell BTC, then I would really consider doing the opposite) But that's just advice man. Do whatever the f*ck you wanna do! (courtesy of hodge twins) Thats not a double top. That's a lower high. Both are bearish, but a lower high is not as bearish. But in all honesty, I do not believe these technicals matter for more than a handful of hours when it comes to Bitcoin. |
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kireinaha
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November 12, 2013, 09:47:13 PM |
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Everyone is testing the ceiling and anticipating a large sell off soon, that's all that's happening. People are beginning to learn from past bubbles. We'll probably push it up a little further this week before crashing it down by weekend.
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Night gathers, and now my bitcoinwisdom watch begins.
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Walsoraj
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November 12, 2013, 09:49:10 PM |
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Single digits by friday  |
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mvidetto
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November 12, 2013, 10:56:37 PM |
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Everyone is testing the ceiling and anticipating a large sell off soon, that's all that's happening. People are beginning to learn from past bubbles. We'll probably push it up a little further this week before crashing it down by weekend.
But since so many people see this coming, even if it does bottom out I can't see it going below $200 again. |
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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November 13, 2013, 12:31:49 AM |
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200 is exactly where I would want it in this round  Though I'm not sure anymore... |
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Skybits
Newbie
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Activity: 12
Merit: 0
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November 13, 2013, 12:57:37 AM |
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I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 13, 2013, 01:25:01 AM |
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I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.
Reality: Not happening. We saw our healthy correction already (with up to 30% dip). And didn't you see the double apple bottom? |
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mvidetto
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November 13, 2013, 01:40:44 AM |
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I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.
Reality: Not happening. We saw our healthy correction already (with up to 30% dip). And didn't you see the double apple bottom? Basically, were moving into wave 5 most likely, the last and most powerful wave of the uptrend. |
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pand70
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November 13, 2013, 01:53:36 AM |
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But in all honesty, I do not believe these technicals matter for more than a handful of hours when it comes to Bitcoin.
With so many day traders and speculators? I think they matter. |
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fleabag
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Activity: 98
Merit: 10
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November 13, 2013, 02:15:12 AM |
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Bear raid.
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MaxBTC1
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Activity: 56
Merit: 0
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November 13, 2013, 02:17:09 AM |
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Bull trap bull trap get out get outttt
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johncarpe64
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November 13, 2013, 02:19:09 AM |
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double top means its going to crash right?
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pand70
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November 13, 2013, 02:23:22 AM |
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double top means its going to crash right?
If it means anything at all then yes usually it goes down from there... |
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fleabag
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Activity: 98
Merit: 10
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November 13, 2013, 02:30:33 AM |
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Shorts played the text book "dead cat bounce" just by looking at how quick it rebounded.
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mvidetto
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November 13, 2013, 04:16:22 AM |
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double top means its going to crash right?
If it means anything at all then yes usually it goes down from there... Couldn't it be argued that it is actually a cup and the handle will come soon and be a bear trap? |
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antimattercrusader
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November 13, 2013, 05:02:04 AM |
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lmao. That is all.
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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November 13, 2013, 05:52:48 AM |
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double top means its going to crash right?
If it means anything at all then yes usually it goes down from there... Couldn't it be argued that it is actually a cup and the handle will come soon and be a bear trap? I dont think cups can form that quickly and be considered valid; not sure though. |
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