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Author Topic: The falling knife is starting.  (Read 6133 times)
incraft3817
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January 10, 2012, 02:02:47 AM
 #1

Someone started the falling knife this morning. I wouldn't go long if I were you guys. It's time to short it down to 3 bucks.  Undecided
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sgbett
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January 10, 2012, 02:05:47 AM
 #2

I wonder if that wall at 6 will hold...

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Zotia
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January 10, 2012, 02:12:15 AM
 #3

CES is tomorrow.

Bitcoin will be on TV on friday. ( https://bitcointalk.org/index.php?topic=55171.0 )




Today is a very bad day to short, IMO.
somestranger
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January 10, 2012, 02:24:01 AM
 #4

New wall at 6.17. Bid/ask starting to look bullish again.
sgbett
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January 10, 2012, 02:28:46 AM
 #5

The wall at 6.17 is a flasher. I reckon it will disappear with any serious selling into it...

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January 10, 2012, 02:32:37 AM
 #6

The wall at 6.17 is a flasher. I reckon it will disappear with any serious selling into it...

Why don't you try it?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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sgbett
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January 10, 2012, 02:34:50 AM
 #7

I have nothing to sell Cheesy

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worldinacoin
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January 10, 2012, 02:35:31 AM
 #8

It is now $6.22, bitcoin is holding up well, I am hoping for it to drop more before entering

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January 10, 2012, 02:36:05 AM
 #9

I have nothing to sell Cheesy
Then the market doesn't care about you opinion until you think it's time to buy.

https://www.bitcoin.org/bitcoin.pdf
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sgbett
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January 10, 2012, 02:37:47 AM
 #10

here goes!

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sgbett
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January 10, 2012, 02:38:59 AM
 #11

what an anticlimax

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January 10, 2012, 02:42:25 AM
 #12

what an anticlimax

You need a break from the keyboard.

https://www.bitcoin.org/bitcoin.pdf
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Crypt_Current
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January 10, 2012, 02:51:23 AM
 #13

The wall at 6.17 is a flasher. I reckon it will disappear with any serious selling into it...

Why don't you try it?

Am

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January 10, 2012, 03:52:13 AM
 #14

The falling knife ain't going to happen.  If it falls a dollar, there will be a lot of purchasing to take advantage of the new price, the price hikes will continue.

gewure
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January 10, 2012, 04:42:45 AM
 #15

CES is tomorrow.

Bitcoin will be on TV on friday. ( https://bitcointalk.org/index.php?topic=55171.0 )




Today is a very bad day to short, IMO.

shorting now is risky. very risky. DON'T forget to stop losses; do what zhoutong tells you: don't let the margin call be your stoploss!!

im long anyway, aimed at price: 6.5 - 6.8, bought at 6.1something, stoploss 5.87something
bad thing: just yesterday i wondered if i should trust my senses/what i see on the charts and try a short. would have payed Sad

good luck. i suggest long. trend looks unbroken.
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January 10, 2012, 05:04:52 AM
 #16

i would get out of the way if you're short.

pay heed to what i've been posting about overnite futures, etc.
somestranger
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January 10, 2012, 06:06:39 AM
 #17

Some falling knife there. Whooooooosh Grin
notme
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January 10, 2012, 06:07:29 AM
 #18

Some falling knife there. Whooooooosh Grin

Notice the spike to 6.9 first.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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somestranger
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January 10, 2012, 06:08:44 AM
 #19

That's what I'm talking about. looks like we're going up from here though that was a weird selloff.
Cluster2k
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January 10, 2012, 06:09:32 AM
 #20

Delicious MtGox action.  

$6.30 to $6.89 instant spike, then to $6, and back to $6.38.  Let's hear it for stability!

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