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Author Topic: RALLY!  (Read 58836 times)
adamstgBit
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January 15, 2012, 06:09:11 AM
 #161



Why do you think so?

now what?

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January 15, 2012, 06:13:57 AM
 #162

The MACD crossed. It has done that many, many times in Bitcoin's short history. What does it mean? Nothing significant, I would say. Just noise.
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January 15, 2012, 06:34:21 AM
 #163

where the slope to $8.00 is smooth?

I fell out of my chair...

OK, maybe not then...

It's just that so much will change before we get even close to that. The real resistance between here and even up to $7.30 is pretty strong. It is not the kind of thing that moves without some big buys coming through, and when that happens all hell breaks loose. We are not going to creep up on it all quiet like.

As a matter of fact, if I were a large investor/trader looking to increase my position on BTC now would be a good time to do it because you can buy a lot without moving the price much. Right now it is looking to me that it could take some $800,000 to break $7.30.           

This certainly explains the look of the charts for the last 2 weeks, with run-ups to near $7.20 and then the inevitable smack downs.
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January 15, 2012, 06:40:32 AM
 #164

WE'RE GOING TO DESTROY $7 LETS GO LETS GO LETS GO!

$.25 TO GO, LETS TAKE THESE WALLS DOWN!


Patience.


This rally is the slowest bitcoin rally I've ever had the privilege to witness.  Live-action slow motion.

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January 15, 2012, 06:45:13 AM
 #165

WE'RE GOING TO DESTROY $7 LETS GO LETS GO LETS GO!

$.25 TO GO, LETS TAKE THESE WALLS DOWN!


Patience.


This rally is the slowest bitcoin rally I've ever had the privilege to witness.  Live-action slow motion.

It's a bubble! Bail!

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January 15, 2012, 06:53:31 AM
 #166

WE'RE GOING TO DESTROY $7 LETS GO LETS GO LETS GO!

$.25 TO GO, LETS TAKE THESE WALLS DOWN!


Patience.


This rally is the slowest bitcoin rally I've ever had the privilege to witness.  Live-action slow motion.

It's a bubble! Bail!

Bubble?  Present rally is like watching grass grow.

The mid-term trend may be gaining steam or losing it.  Difficult market; hard to call.

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January 15, 2012, 07:41:39 AM
 #167

new wave is on the way

7 will be gone soon. resistance is getting weak now
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January 15, 2012, 08:13:24 AM
 #168

It will surely cross 7, but not sure what will happen after that...  Huh

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January 15, 2012, 10:53:42 AM
 #169

Today is the day. The orderbook is showing massive support and weakening resistance. We will at least test $7.2. Also the Good Wife episode airs today so it's a big day.

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January 15, 2012, 10:59:42 AM
 #170

What time UTC does it air?

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January 15, 2012, 11:03:07 AM
 #171

What time UTC does it air?

2AM on the 16th.

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January 15, 2012, 11:42:14 AM
 #172

Bubble?  Present rally is like watching grass grow.

True, its hard to get the price up lately. Whats encouraging tho, price also aint dropping so easily nowadays. Did the dumpers already dumped all they had?
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January 15, 2012, 06:26:18 PM
 #173

where the slope to $8.00 is smooth?

I fell out of my chair...

OK, maybe not then...

It's just that so much will change before we get even close to that. The real resistance between here and even up to $7.30 is pretty strong. It is not the kind of thing that moves without some big buys coming through, and when that happens all hell breaks loose. We are not going to creep up on it all quiet like.

As a matter of fact, if I were a large investor/trader looking to increase my position on BTC now would be a good time to do it because you can buy a lot without moving the price much. Right now it is looking to me that it could take some $800,000 to break $7.30.           

Now the 7.2 $ resistance is down to only 24 k BTC = 150 k $, not that much anymore...

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January 15, 2012, 06:36:41 PM
 #174

where the slope to $8.00 is smooth?

I fell out of my chair...

OK, maybe not then...

It's just that so much will change before we get even close to that. The real resistance between here and even up to $7.30 is pretty strong. It is not the kind of thing that moves without some big buys coming through, and when that happens all hell breaks loose. We are not going to creep up on it all quiet like.

As a matter of fact, if I were a large investor/trader looking to increase my position on BTC now would be a good time to do it because you can buy a lot without moving the price much. Right now it is looking to me that it could take some $800,000 to break $7.30.           

Now the 7.2 $ resistance is down to only 24 k BTC = 150 k $, not that much anymore...


I guess this means we are going above 7.20 in all likelihood then. We just need one big buy and we will be on our way to $8.
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January 15, 2012, 06:46:11 PM
 #175

where the slope to $8.00 is smooth?

I fell out of my chair...

OK, maybe not then...

It's just that so much will change before we get even close to that. The real resistance between here and even up to $7.30 is pretty strong. It is not the kind of thing that moves without some big buys coming through, and when that happens all hell breaks loose. We are not going to creep up on it all quiet like.

As a matter of fact, if I were a large investor/trader looking to increase my position on BTC now would be a good time to do it because you can buy a lot without moving the price much. Right now it is looking to me that it could take some $800,000 to break $7.30.           

Now the 7.2 $ resistance is down to only 24 k BTC = 150 k $, not that much anymore...


I guess this means we are going above 7.20 in all likelihood then. We just need one big buy and we will be on our way to $8.


It will be more than one big buy, it will be several big buys that are going to happen.. Get a comfortable seat ready, its going to be interesting.. Smiley

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January 15, 2012, 06:59:39 PM
 #176

$1.24 million in bids now.
teflone
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January 15, 2012, 07:09:15 PM
 #177

$1.24 million in bids now.

Is that with the bid walls that just spiked dramatically in the last 5 mins ?

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January 15, 2012, 07:10:23 PM
 #178

$1.24 million in bids now.

Is that with the bid walls that just spiked dramatically in the last 5 mins ?

I'm not seeing them.
SkRRJyTC
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January 15, 2012, 07:29:35 PM
 #179

Everyone listening to their rally songs?

http://www.youtube.com/watch?v=BhsTmiK7Q2M
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January 15, 2012, 07:46:54 PM
 #180

Everyone listening to their rally songs?

http://www.youtube.com/watch?v=BhsTmiK7Q2M

Yep  Grin
http://youtu.be/Pz26fcmq3S8

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