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Author Topic: RALLY!  (Read 58865 times)
old_engineer
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January 17, 2012, 05:50:47 AM
 #421

I think I'll stop watching the price.  I saw it sliding back to 6.7 for the 9001st time today and it's really getting old.

Fucking DO SOMETHING! Tongue

Wise old man say: value of currency rises when it stay the same.
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proudhon
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January 17, 2012, 06:08:03 AM
 #422

Seriously, where did all those bitcoins come from on the ask side?  Did they just pop up all at once?  When I left for work this morning asks were at maybe 45,000BTC to $8.  Now it's almost 100,000BTC to $8.  When did that happen?
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January 17, 2012, 06:21:09 AM
 #423

They shifted around over the course of a couple minutes pretty quickly. I appeared as though a big player on the buy side removed all his/her buys and simply added a ton to the sells in addition to sells that were going up already.
the joint
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January 17, 2012, 06:32:08 AM
 #424

I'm optimistic.  It would really suck for new users to get caught up in the crazy selling that would've occurred one week from now (right as their funds are arriving in exchanges) on the way down from $10-$11.

If we had shot past $7.25 last night, it likely would not have stopped at $8.

Edit:  On the flip side, going down to $5 now would be worse in my opinion.  But then again, I'm holding temporarily from $7 because I did not expect this dip.  On a large scale, $5 has its merits.

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January 17, 2012, 06:36:40 AM
 #425

I'm optimistic.  It would really suck for new users to get caught up in the crazy selling that would've occurred one week from now (right as their funds are arriving in exchanges) on the way down from $10-$11.

If we had shot past $7.25 last night, it likely would not have stopped at $8.



That's assuming it wouldn't stabilize around 10. It very well could as the increasing price would bring more confidence to the market and in turn support. Imagine someone who sold at 10 and say it goes to 12. That person who sold at 10 will say if it can hit 12 I need to buy back in close to 10 (if it hits there). This is how resistance turns into support and I have seen it happen a number of times including in my own trading ($3-$5 range)
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January 17, 2012, 06:46:36 AM
 #426

I'm optimistic.  It would really suck for new users to get caught up in the crazy selling that would've occurred one week from now (right as their funds are arriving in exchanges) on the way down from $10-$11.

If we had shot past $7.25 last night, it likely would not have stopped at $8.



That's assuming it wouldn't stabilize around 10. It very well could as the increasing price would bring more confidence to the market and in turn support. Imagine someone who sold at 10 and say it goes to 12. That person who sold at 10 will say if it can hit 12 I need to buy back in close to 10 (if it hits there). This is how resistance turns into support and I have seen it happen a number of times including in my own trading ($3-$5 range)

Very possible.  $10 just doesn't seem realistic to me yet for a number of possible reasons.

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January 17, 2012, 07:43:15 AM
 #427

stability is good, don't be greedy, guys )
StewartJ
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January 17, 2012, 08:58:21 AM
 #428

stability is good, don't be greedy, guys )

Trading in the 5 cent range for the last 6 hours. Been a while since we've had such a steady quiet time.

Now we can gauge the movement, when it comes.
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January 17, 2012, 08:59:52 AM
 #429

I think I'll stop watching the price.  I saw it sliding back to 6.7 for the 9001st time today and it's really getting old.

Fucking DO SOMETHING! Tongue

Word this ^

It's times like these I'm grateful for having the pursuit of higher education to take my obsession mind off BTC for a bit...

... it won't stop me from keeping btccharts.com up on the other monitor though...

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Crypt_Current
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January 17, 2012, 09:00:36 AM
 #430

oooh, 6.80

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Serge
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January 17, 2012, 09:05:42 AM
 #431

good morning Europe

soon US banks to resume from extended weekend.
Crypt_Current
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January 17, 2012, 09:07:59 AM
 #432

good morning Europe

soon US banks to resume from extended weekend.

True and true.  We'll see.  Damn I'm about to pass out, I really hope I don't miss any spikes while I sleep...

Lovin' that sig btw

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
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waspoza
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January 17, 2012, 11:26:06 AM
 #433

Price is moving very sneaky today. Breaking $7 ninja style?  Grin
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January 17, 2012, 11:28:46 AM
 #434

Price is moving very sneaky today. Breaking $7 ninja style?  Grin
Shhh…

zby
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January 17, 2012, 11:33:25 AM
 #435

Price is moving very sneaky today. Breaking $7 ninja style?  Grin

Must be the Amazon effect.
Cluster2k
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January 17, 2012, 11:35:00 AM
 #436

Quiet everyone, I need my 6.99 ask to be executed before momentum heads back down again.  Keep creeping forward, little orange line.

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SkRRJyTC
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January 17, 2012, 12:36:46 PM
 #437

My intelligent side says to at least de-leverage some now... but my conspiracy side thinks that all the asks that quickly went up yesterday are about to come down even quicker...
Serge
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January 17, 2012, 12:49:56 PM
 #438

My intelligent side says to at least de-leverage some now... but my conspiracy side thinks that all the asks that quickly went up yesterday are about to come down even quicker...

once we cross 7.2
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January 17, 2012, 12:51:54 PM
 #439

look like the rally already started on other "markets" too https://bitcointalk.org/index.php?topic=59908

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jojo69
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January 17, 2012, 03:13:08 PM
 #440

ulp

watch for confirmation guys, could be a fakeout

edit-attempt to paint the tape, market isn't selling it

2nd edit- another big bear probe, still holding over 6.51 and rebounding well, no confirmation yet

3rd edit- alas, the tape doesn't lie, I think they may have us for now

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