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TERA
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February 26, 2014, 10:04:13 AM |
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i bet Fibonacci retracement tool would be useful for this consolidation if you draw it from the bottom 400 to the top 610, we might end up seeing hits and bounces on the top 2 or 3 levels.
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porcupine87
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February 26, 2014, 10:51:19 AM |
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i guess this thread can be deleted now
*writes home*
The price is fluctuating between 605 and 595. Again, $30-$40 fluctuations in the bitcoin world are negligible. Yes. Never under 600? Ok, its now 595. So never under 595. Ok, now it's 575. Ok, never under 575. Ok, now it's 565. Ok, never under 565. -> He is like a prophet! |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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akujin
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February 26, 2014, 10:51:51 AM |
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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the_poet (OP)
Legendary
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Activity: 1138
Merit: 1035
Bitcoin accepted here
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February 26, 2014, 11:16:36 AM |
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it may go temporarily under $600 by $30-$40, but only as a quick readjustment.
Guys, reading a thread before posting isn't illegal or dangerous. It's actually encouraged. |
Under construction.
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TERA
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February 26, 2014, 12:23:22 PM |
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If only he applied his skills to calling tops instead.
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cbeast
Donator
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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February 26, 2014, 12:56:55 PM |
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i bet Fibonacci retracement tool would be useful for this consolidation if you draw it from the bottom 400 to the top 610, we might end up seeing hits and bounces on the top 2 or 3 levels.
By applying the Kessler algorithm to the Daniel's Theorem I can reach a proof of nearly 200 as the Walker baseline for a Petron series. I put the tabulation at about 700 with substantial volume. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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drippx
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February 26, 2014, 01:04:35 PM |
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Definitely a noobie prediction
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albon
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Activity: 1876
Merit: 1536
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February 26, 2014, 01:34:19 PM |
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wait for the weekend. If BTC is going to take a hammering it will be over the weekend.
I can honestly see it down to 400-450 with then a slow climb back up to about 600.
The main reason for this is the money wants to make money and to do this BTC needs to fall before some big buys go in.
look at BTC-E realy small amounts of BTC being traded for quite big swings
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Obi-Wan Coinobi
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Activity: 42
Merit: 0
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February 26, 2014, 01:46:39 PM |
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We will NEVER go below five sevent......ahhhhhh...
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seleme
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Duelbits.com
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February 26, 2014, 01:50:40 PM |
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When will people learn about this kind of threads?  |
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MICRO
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CEO @ Stake.com and Primedice.com
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February 26, 2014, 01:51:23 PM |
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That is huge speculation. In bitcoin world we never know what will happen tomorrow  . But i think btc going to 600$ staying there for a bit. Should not go under 500$ soon . Maybe if some other exchange decide to take mtgox route |
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Dalmar
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February 26, 2014, 02:08:44 PM |
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ADHD seems rampant among bitcoin traders.. This thread just confirms it even more.
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MatTheCat
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February 26, 2014, 02:52:12 PM |
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We are there guys, mark my words. BTC is past that point of no return.
Once upon a time, just a few days ago..... .....I would have been spitting venom at retard posters like you. |
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knightcoin
Full Member
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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February 26, 2014, 02:53:37 PM |
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6 what  I am not happy until "gold-war" |
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TERA
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February 26, 2014, 03:05:19 PM |
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wait for the weekend. If BTC is going to take a hammering it will be over the weekend.
I can honestly see it down to 400-450 with then a slow climb back up to about 600.
The main reason for this is the money wants to make money and to do this BTC needs to fall before some big buys go in.
look at BTC-E realy small amounts of BTC being traded for quite big swings
Sub 450 is unlikely. Too much volume. |
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UnDerDoG81
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February 26, 2014, 03:30:55 PM |
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In 8-12 hrs we possibly will see sub 500 again.
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the_poet (OP)
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Bitcoin accepted here
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February 26, 2014, 04:23:54 PM |
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Are we where we were in the last week (balancing on $500)? Or are we in a higher region? Before spitting negative/offensive comments, do you turn on your brain and try to understand the idea one wants to express?
Do you need a newbie like me to tell you that when BTC positions itself on a certain value, a $30-$40 fluctuation is perfectly normal before it moves to a higher or lower region?
Again, it is my idea that Btc is only going up from here. I can be right or wrong and you are entitled to your opinion that btc is plummeting and welcome to post it here, but I won't accept gratuitous offensive posts.
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Under construction.
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af_newbie
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Merit: 1468
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February 26, 2014, 05:15:13 PM |
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can you explain your calculations of how it will never go under 600 again? on my chart i see a 55% increase in 20 hours that has has no retracement at all. under 600 is guaranteed.
+1 a break of ~550 would create an air pocket to 500-505 or lower. So for the bulls, the best scenario is to continue and extend rally to 630-660 and back down to 590-620. But if we start to go down, be quick to short at 549. The more people believe we are out of the woods (like OP), the higher probability we are going to retest 500s or even 450s. |
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altsay
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February 26, 2014, 06:23:06 PM |
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The more people believe we are out of the woods (like OP), the higher probability we are going to retest 500s or even 450s.
Yes, that's a correlation that does not imply a causation, though. |
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