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Author Topic: RALLY!  (Read 62501 times)
Maged
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February 25, 2012, 09:57:40 PM
 #741

The fundamentals are so strong...
Every single time FlipPro or Technomage begin talking about fundamentals …
Every. God. Damn. Time.

It's seriously one of my indicators now...

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trogdorjw73
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February 25, 2012, 10:16:45 PM
 #742

The predictability of the weekend effect is getting obnoxious.
Starting Saturday morning and ending Monday morning, here's the past month. I'll also include the "work week" in between so we can see how it compares.

Jan 28-30: Price increased slightly, with a spike upwards initially followed by a drop back to just above the starting point. About a $0.20 increase over the weekend.

Jan 30-Feb 4: Major rally, ending up about $0.70.

Feb 4-6: Definite downward trend, dropping ~$0.40 over the weekend

Feb 6-11: Slight increase over the week, ending up about $0.15.

Feb 11-13: A major drop of around $0.70 to $0.90 over the weekend (depending on how flexible you are with start/end times).

Feb 13-18: Continued major drop, ending down about $0.80 over the week.

Feb 18-20: Slight down then up, ending about $0.10 down for the weekend.

Feb 20-25: Rally week, up about $0.70.

Looking at all of the above, the most I'd really say is that weekends on average have a stagnating effect, and volumes are often lower. Because volumes are usually lower, if someone makes a big move on the weekend it can have a larger impact on prices. What you can really see, though, is that Bitcoin is simply very volatile -- no news there!

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February 25, 2012, 10:49:47 PM
 #743

Ok, for the first time in a while I've started the process of getting new money into MtGox.  Hopefully it's in there by late Monday/early Tuesday, and hopefully prices don't shoot up in the meantime.  The last time I sent a significant amount of money to MtGox the price more than doubled in the time between when I began the process and when the money was available in MtGox.
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February 25, 2012, 10:57:42 PM
 #744

Ok, for the first time in a while I've started the process of getting new money into MtGox.  Hopefully it's in there by late Monday/early Tuesday, and hopefully prices don't shoot up in the meantime.  The last time I sent a significant amount of money to MtGox the price more than doubled in the time between when I began the process and when the money was available in MtGox.

BUY BUY BUY!!! new indicator!

For Canadians by Canadians: Canada's Bitcoin Community - https://www.coinforum.ca/
cbeast
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February 26, 2012, 05:17:02 AM
 #745


Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 26, 2012, 07:46:52 AM
 #746

THE FUNDAMENTALS ARE STRONG!!!!

$10 HERE WE COME

LEASE THIS SIGNATURE OUT WEEKLY/MONTHLY.

PM ME FOR DETAILS
RicePicker
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February 26, 2012, 08:09:20 AM
 #747

THE FUNDAMENTALS ARE STRONG!!!!

$10 HERE WE COME


CRASH! SELL SELL SELL!

Everyone is entitled to their own opinion. It's just that yours is stupid! =D
S3052
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February 26, 2012, 07:48:23 PM
 #748

as expected in the short term update, at least a small rally is underway

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February 26, 2012, 08:58:15 PM
 #749

as expected in the short term update, at least a small rally is underway
Where is it now? ) Cant see any mini-rally.
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February 26, 2012, 09:09:48 PM
 #750

as expected in the short term update, at least a small rally is underway
Where is it now? ) Cant see any mini-rally.
That's because you need a magnifying glass to see this so-called rally everyone's so excited about...  Grin

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February 27, 2012, 01:00:16 AM
 #751

as expected in the short term update, at least a small rally is underway
Where is it now? ) Cant see any mini-rally.
You know, there was a market sale, and then a market buy. So that's an increase in mtgoxlast by the bid-ask-spread. RALLY!

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February 27, 2012, 03:39:19 AM
 #752

Actual chart porn: On-Balance Volume

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March 05, 2012, 05:55:02 PM
 #753

c'mon guys, where is everybody?

WOOOHOOOOOOOO!!!!!!

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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March 05, 2012, 05:59:18 PM
 #754

I'm watching from the sidelines.
Technomage
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March 05, 2012, 06:02:41 PM
 #755

The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board. This doesn't mean that we go to the moon next but it means that the downtrend is over.

Very interesting times ahead.

Check out the special auction for the NEW Denarium 1/2 BTC 1/2 Oz Gold Coin from here!
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March 05, 2012, 06:06:48 PM
 #756

The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board.
Not official, official will be if it CLOSES above. And that’s just one indicator.
notme
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March 05, 2012, 06:19:19 PM
 #757

The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board.
Not official, official will be if it CLOSES above. And that’s just one indicator.

+1

Plus, up now isn't as good for a long term rally as down would be.  Solidifying the support is needed before we can see significantly higher highs for the year.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Technomage
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March 05, 2012, 06:23:01 PM
 #758

Not official, official will be if it CLOSES above. And that’s just one indicator.
True enough. My view is not based on just this indicator though, to me this was already obvious. Bitcoin price has shown very strong resilience after the hacks which is so impressive that the price literally has no other direction than up.

Current situation warrants speculation that we might not be seeing prices below $5 after this week. Not in a very long time, possibly not ever again (with the exception of Bitcoin dieing for some reason).

The first sign of Bitcoin's resilience was its comeback in December, this is round 2 which will further solidify that it's here to stay.

Check out the special auction for the NEW Denarium 1/2 BTC 1/2 Oz Gold Coin from here!
Technomage
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March 05, 2012, 06:26:52 PM
 #759

Plus, up now isn't as good for a long term rally as down would be.  Solidifying the support is needed before we can see significantly higher highs for the year.
I think the support has never in Bitcoin's history been so solidified as it is now. Literally never. Even some of the considerable news coverage mentioned the fact that Bitcoin's price has been affected surprisingly little by the hacks. That is a really big deal. It proves that Bitcoin can actually take a shitstorm or two and be more than fine afterwards.

Check out the special auction for the NEW Denarium 1/2 BTC 1/2 Oz Gold Coin from here!
proudhon
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March 05, 2012, 06:28:45 PM
 #760

Plus, up now isn't as good for a long term rally as down would be.  Solidifying the support is needed before we can see significantly higher highs for the year.
I think the support has never in Bitcoin's history been so solidified as it is now. Literally never. Even some of the considerable news coverage mentioned the fact that Bitcoin's price has been affected surprisingly little. That is a really big deal. It proves that Bitcoin can actually take a shitstorm or two and be more than fine afterwards.

At some point the market is going to take that positive attitude of yours and violently kill it.
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