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Author Topic: The Great Bitcoin New Year's Eve Rally  (Read 7833 times)
Crypt_Current
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December 31, 2011, 03:06:29 AM
 #21

The end of the wedge is nigh!  This is suspenseful Smiley

I love the top two threads right now.  One of them was created by you on the 24th and in it you predict a correction down to $2.5-3 in 1-2 weeks from the date of your post .  The other was created by you today and in it you predict a continuation of the rally to $4.6-5 in the next day or so.

Anyway, I hope you're right.

The juxtaposition is striking, but opinion can swing as wildly as the price in bitcoin world. I wouldn't hold it against ineedausername. If i might ask though, what did change your mind on this INAU? Was it anything tangible, or just you solidifying a position?
I'm not being facetious, I'm genuinely interested.

I as well.  Do elaborate INAU, please.

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mjcmurfy
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December 31, 2011, 03:34:12 AM
 #22

Are you only able to communicate through the medium of still images or something, panerai?
There are a whole 26 letters in the English alphabet you know, and you can string them together in all sorts of imaginative ways.

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ineededausername
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December 31, 2011, 03:38:10 AM
 #23

The end of the wedge is nigh!  This is suspenseful Smiley

I love the top two threads right now.  One of them was created by you on the 24th and in it you predict a correction down to $2.5-3 in 1-2 weeks from the date of your post .  The other was created by you today and in it you predict a continuation of the rally to $4.6-5 in the next day or so.

Anyway, I hope you're right.

The juxtaposition is striking, but opinion can swing as wildly as the price in bitcoin world. I wouldn't hold it against ineedausername. If i might ask though, what did change your mind on this INAU? Was it anything tangible, or just you solidifying a position?
I'm not being facetious, I'm genuinely interested.

I as well.  Do elaborate INAU, please.

I thought there would be a correction, but the price has failed to plunge through the strong supports like I originally thought it would.  Instead, it went and created a bullish wedge.  Additionally, I went and looked at the weekly chart for a bit, and observed that the weekly MACD would cross over this week, which is obviously a strong long-term bullish signal.

tl;dr: I thought the price would spike down, but it failed to do so, confirming the support and the rally.

I'm a bit surprised it took you guys so long to see this juxtaposition Grin  It really shows how the Bitcoin markets work; they're volatile and unpredictable, which means that if you hold a strong opinion one day, you must be ready to change it at a moment's notice.

(BFL)^2 < 0
cypherdoc
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December 31, 2011, 03:39:53 AM
 #24

The end of the wedge is nigh!  This is suspenseful Smiley

I love the top two threads right now.  One of them was created by you on the 24th and in it you predict a correction down to $2.5-3 in 1-2 weeks from the date of your post .  The other was created by you today and in it you predict a continuation of the rally to $4.6-5 in the next day or so.

Anyway, I hope you're right.

The juxtaposition is striking, but opinion can swing as wildly as the price in bitcoin world. I wouldn't hold it against ineedausername. If i might ask though, what did change your mind on this INAU? Was it anything tangible, or just you solidifying a position?
I'm not being facetious, I'm genuinely interested.

I as well.  Do elaborate INAU, please.

I thought there would be a correction, but the price has failed to plunge through the strong supports like I originally thought it would.  Instead, it went and created a bullish wedge.  Additionally, I went and looked at the weekly chart for a bit, and observed that the weekly MACD would cross over this week, which is obviously a strong long-term bullish signal.

tl;dr: I thought the price would spike down, but it failed to do so, confirming the support and the rally.

I'm a bit surprised it took you guys so long to see this juxtaposition Grin  It really shows how the Bitcoin markets work; they're volatile and unpredictable, which means that if you hold a strong opinion one day, you must be ready to change it at a moment's notice.

don't worry, Zhou stands ready to change his algorithm at a moments notice...
ineededausername
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December 31, 2011, 03:42:29 AM
 #25

Are you only able to communicate through the medium of still images or something, panerai?
There are a whole 26 letters in the English alphabet you know, and you can string them together in all sorts of imaginative ways.

There's always the ignore button, which I have already pressed Wink

(BFL)^2 < 0
cypherdoc
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December 31, 2011, 03:45:04 AM
 #26



don't worry, Zhou stands ready to change his algorithm at a moments notice...
[/quote]

hard on for the guy huh?
[/quote]

OMG, real words!
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December 31, 2011, 03:51:24 AM
 #27



now thats the panerai i know!
mjcmurfy
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December 31, 2011, 03:52:59 AM
 #28

I'm a bit surprised it took you guys so long to see this juxtaposition Grin

I did mention something about you changing your outlook a few days ago, but I can't remember what thread it was in.
I don't think I got a reply! Cheesy

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ineededausername
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December 31, 2011, 03:58:13 AM
 #29

I'm a bit surprised it took you guys so long to see this juxtaposition Grin

I did mention something about you changing your outlook a few days ago, but I can't remember what thread it was in.
I don't think I got a reply! Cheesy

lol, must not have seen it Tongue

(BFL)^2 < 0
phorensic
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December 31, 2011, 08:15:05 AM
 #30


That burrito looks tasty!
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December 31, 2011, 11:45:34 AM
 #31

I see it as quite possible that Bitcoin will not only reach gold parity but surpass it. Not in the short term though, maybe in 5 years. For a 2012 prediction I'd say that the highest it will go is triple digits. That is not certain though but I would bet that it goes to double digits at least.

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December 31, 2011, 12:05:05 PM
 #32

4.3 as the ask walls tumble!
mjcmurfy
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December 31, 2011, 12:20:13 PM
 #33

Ho lee shit...

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December 31, 2011, 12:22:28 PM
 #34

Ho lee shit...

We are the market makers.  And we are the dreamers of the dream.

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December 31, 2011, 12:23:13 PM
 #35

Happy New Year everyone!

oh sorry, 24 hrs early.
mjcmurfy
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December 31, 2011, 12:25:11 PM
 #36

Spiked to $4.75 and now has retraced over 50%.

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cypherdoc
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December 31, 2011, 12:27:33 PM
 #37

Spiked to $4.75 and now has retraced over 50%.

watch out for a Double Ramp.
mjcmurfy
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December 31, 2011, 12:28:50 PM
 #38

I'm sitting this one out until the dust clears. Dammit!

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December 31, 2011, 12:30:27 PM
 #39

I'm sitting this one out until the dust clears. Dammit!

i've been in your position many, many times.  i feel your pain...
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December 31, 2011, 12:33:16 PM
 #40

these things seem to happen in the middle of the night when everyone's sleeping.  in fact, its 4:30 AM and i should be sleeping too, but this reminds me of the Spring when i couldn't sleep for months as the price kept ramping higher and higher.  the entertainment doesn't get any better than this...

i just happened to wake up and was curious about the price.  no more sleep for me.
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