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Author Topic: We are testing the week low of 8,70 dollars soon  (Read 2105 times)
S3052
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August 06, 2011, 04:35:41 PM
 #21

I think these prices are a deal although I'm waiting to see how low it will go.  These selloffs are probably from the hackers.  Just had a 15 k go through not long ago.  I'm liking it even though, the bitcoins I have are losing value.

The downturn was expected to happen, independently from hackers, etc.

The chart was very clear to change trend DOWN after the break of the major trendline, which was running between 12.2-12.5. More downside is likely now, perhaps in a "wash-out" type of crash.

The 8.7 low was expected to be only a minor temporary support.

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proudhon
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August 06, 2011, 04:39:54 PM
 #22

I think these prices are a deal although I'm waiting to see how low it will go.  These selloffs are probably from the hackers.  Just had a 15 k go through not long ago.  I'm liking it even though, the bitcoins I have are losing value.

The downturn was expected to happen, independently from hackers, etc.

The chart was very clear to change trend DOWN after the break of the major trendline, which was running between 12.2-12.5. More downside is likely now, perhaps in a "wash-out" type of crash.

The 8.7 low was expected to be only a minor temporary support.


What's a wash-out type crash?  Sounds scary.
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August 06, 2011, 07:17:26 PM
 #23


What's a wash-out type crash?  Sounds scary.

It's where Bitcoin gets 'washed' and loses its gold color for a silver color

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August 06, 2011, 07:18:14 PM
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What's a wash-out type crash?  Sounds scary.

It's where Bitcoin gets 'washed' and loses its gold color for a silver color
Your responses always make me laugh  Grin.

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August 06, 2011, 07:22:33 PM
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Washout?  Money laundering?  The drug lords are getting back in?  BUY BUY BUY!
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August 06, 2011, 07:53:35 PM
 #26

I think these prices are a deal although I'm waiting to see how low it will go.  These selloffs are probably from the hackers.  Just had a 15 k go through not long ago.  I'm liking it even though, the bitcoins I have are losing value.

The downturn was expected to happen, independently from hackers, etc.

The chart was very clear to change trend DOWN after the break of the major trendline, which was running between 12.2-12.5. More downside is likely now, perhaps in a "wash-out" type of crash.

The 8.7 low was expected to be only a minor temporary support.


What's a wash-out type crash?  Sounds scary.

That means washing out weak traders hands.

In more-easy-to-understand terms, this means: Bitcoin / USD can experience a wild spike down, and it is difficult to assess at what price level it turns. Could be 6$, 5$, 2$, 1$, or lower.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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David M
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August 06, 2011, 09:52:24 PM
 #27

$7.67 was my target with an outside bottom of $6.14

I am still trying to get funds into the exchange.  Only had enough cash in the exchange to buy a few at 7.67

Piper67
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August 06, 2011, 09:53:52 PM
 #28

$7.67 was my target with an outside bottom of $6.14

I am still trying to get funds into the exchange.  Only had enough cash in the exchange to buy a few at 7.67



Love being in Toronto! Transferred money into Virtex in under an hour, on a Saturday!
David M
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August 06, 2011, 09:58:07 PM
 #29

Love being in Toronto! Transferred money into Virtex in under an hour, on a Saturday!

The price of living "Down Under"....  We are bit slow down here... 

Must be because the money has to overcome the Coriolis effect.
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