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Author Topic: $5 reached!  (Read 3085 times)
caston
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January 03, 2012, 02:14:03 PM
 #21


yeah that could happen but i don't think so. that would take one hell of a dump,

Or just a chain reaction of people getting zhoutong'd, panic sellings, and large holders bailing out while they can still get enough to buy a house.

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January 03, 2012, 02:14:09 PM
 #22

I think our next target will be around 3,80-4,20? A correction is long overdue. After that I think we'll start rising again.

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January 03, 2012, 02:24:50 PM
 #23

I think our next target will be around 3,80-4,20? A correction is long overdue. After that I think we'll start rising again.
I don't think it will go that low. The banks have been closed for 3 days, and the market was rallying strongly the previous week, so I think there's a lot of cash in transit to Mt. Gox right now.  When it arrives, I think we'll head back up over $5, perhaps not today but definitely later this week.

Funny how $0.20 isn't what it used to be.  A rise from $4.80 to $5 is only a 4% increase in price.
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January 03, 2012, 02:28:21 PM
 #24

There is a strong support at $4.8...
We are in a long steady upward trend.


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BadBear
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January 03, 2012, 02:35:25 PM
 #25

There is a strong support at $4.8...
We are in a long steady upward trend.


It's been below 4.8 for 30 mins now? (and you posted this 5 minutes ago)

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caston
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January 03, 2012, 02:37:11 PM
 #26

Yeah, hell even the $4.50 wall looks fake to me.

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istar
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January 03, 2012, 03:02:22 PM
 #27

There is a strong support at $4.8...
We are in a long steady upward trend.


It's been below 4.8 for 30 mins now? (and you posted this 5 minutes ago)

I believe we are in a strong both longterm and midterm trend towards $6.
 

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January 03, 2012, 03:20:21 PM
 #28

There is a strong support at $4.8...
We are in a long steady upward trend.


It's been below 4.8 for 30 mins now? (and you posted this 5 minutes ago)

I believe we are in a strong both longterm and midterm trend towards $6.
 

My apologies, I forgot this was the longterm and midterm trend thread.  

Edit:  That came off a little harsher than I meant, was more of a joke/sarcasm. 

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waspoza
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January 03, 2012, 03:49:08 PM
 #29

Im sorry to disappoint you all, but this is the official Mandark thread. And he says we going back to $5 now!
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January 03, 2012, 04:05:21 PM
 #30

The price is recovering.  The crash may seem scary to some people, but keep in mind that two sells of 20k BTC would absolutely kill the market in the past, but it's already rebounding now.  I think we will see a full recovery by the end of the day, all the way to $5-5.1.

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cloon
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January 03, 2012, 04:17:17 PM
 #31

looks quiet regular
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zxzi4gCCIzvzl

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January 03, 2012, 06:10:25 PM
 #32

$4.95, almost back to $5. Amusing, it could zig zag up and down for a while, but it is nice to see.
ineededausername
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January 03, 2012, 07:09:42 PM
 #33

$4.95, almost back to $5. Amusing, it could zig zag up and down for a while, but it is nice to see.

+1 it's going right back up.  Bulls are still in the lead Smiley

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January 03, 2012, 07:11:34 PM
 #34

See you guys in the morning after the next dump. Smiley

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January 03, 2012, 07:12:57 PM
 #35

See you guys in the morning after the next dump. Smiley

I usually dump in the mornings, which may have something to do with why I missed this last spike down.  Gonna have to change my gastrointestinal patterns if I really want to make this margin trading thing work out.

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January 03, 2012, 07:15:14 PM
 #36

$4.95, almost back to $5. Amusing, it could zig zag up and down for a while, but it is nice to see.

+1 it's going right back up.  Bulls are still in the lead Smiley

Indeed, the bulls may still be in the lead even if it drops quite a bit further. We shall see what unfolds.
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January 03, 2012, 07:19:50 PM
 #37

This is a normal reaction to a dump.  I don't think it'll go any higher (short term, I think we are stagnating).

We'll be sitting at $5 for a while now.  I predict another bullish wedge forming for continuation of the rally with $6 being reached next week, but not this week.  Possibly Tuesday or Wednesday next week?

A spike is coming in the next few days, but I don't know when, and it won't be a big one.  Get ready for quiet markets once it stabilizes.


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NamelessOne
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January 03, 2012, 07:24:00 PM
 #38

Those bullish wedges have been fun.  Grin
waspoza
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January 04, 2012, 10:40:07 AM
 #39

$5 again!




And Mandark told me its not stopping here.
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