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Author Topic: It's looking a bit bearish right now  (Read 3814 times)
ineededausername
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January 15, 2012, 08:28:41 PM
 #21


(BFL)^2 < 0
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adamstgBit
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January 15, 2012, 08:32:03 PM
 #22

Only 22k bearish BTC left below $7.20...

Edit 20k

Do you really think that's for realz?

i think their is way more then 20K asks at 7.20, we dont seem them because they dont want to be seen

a sneak attack! Tongue

bittenbob
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January 15, 2012, 09:47:34 PM
 #23

The only way there are hidden asks is if they are on Bitcoinica. I see 5K right around there and that seems pretty strong to me. a 20k buy would smash through 7.20 though and we would be off to new highs.

Have you retracted your original hypothesis in this thread yet?
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January 15, 2012, 09:53:53 PM
 #24

The only way there are hidden asks is if they are on Bitcoinica. I see 5K right around there and that seems pretty strong to me. a 20k buy would smash through 7.20 though and we would be off to new highs.

Have you retracted your original hypothesis in this thread yet?

Remember that many people hesitate to place an order before market reaches certain contitions, for the sole purpose of not telling to the world what their intentions are.
FreeMoney
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January 15, 2012, 10:27:35 PM
 #25

6 to it, 14 through it. 33 to infinity and beyond.

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mooseman99
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January 15, 2012, 10:28:05 PM
 #26

How can anyone possibly say this looks bearish?
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January 15, 2012, 10:31:16 PM
 #27

It's looking a bit bearish right now
It's because you are looking at the wrong chart. Try turning on log:


Perfect bounce.

BadBear
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January 15, 2012, 10:31:30 PM
 #28

How can anyone possibly say this looks bearish?
http://i.imgur.com/9QDVD.png



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SgtSpike
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January 15, 2012, 10:46:49 PM
 #29

I see triangles... and they be ascendin'!
Enky1974
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January 15, 2012, 10:51:08 PM
 #30

I see triangles... and they be ascendin'!
Yes it is, i initially thought of a correction to 5.5 before resuming the uptrend, the up volume is now good again , good chance to break 7.2 IMO

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cypherdoc
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January 15, 2012, 11:03:43 PM
 #31

I see triangles... and they be ascendin'!

Lol!
old_engineer
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January 15, 2012, 11:10:08 PM
 #32


Nice! Down to 12k now...

I speculate that irregular sells are creating resistance, and is coming from bitcoin-based businesses that are selling their bitcoins to fund their businesses, and from miners and speculators actually spending their coins, which are then being redeemed on the exchanges.  The latter is supported by the transaction history, showing that actual bitcoin usage (not just speculation) is picking up.

I was bearish until the big buys yesterday to $6.90, which turned me bullish again, but I think the rise will be slower than past rallies.
bb113
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January 15, 2012, 11:14:47 PM
 #33

It is in the short-term interest of every bitcoin speculator to trigger a huge bubble. Everyone knows that everyone thinks this so it is tempered, they are just waiting for someone with a lot of capital to make clear a promise to back it. Most people will chose this path even if they realize this person gets to short on them later because they think they can time it.
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January 15, 2012, 11:21:52 PM
 #34

I'm about to liquidate  Shocked

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adamstgBit
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January 15, 2012, 11:27:55 PM
 #35

how long you ppl will tank the asterisk on 7 ?  Cheesy
the top is reached, when bulls will liquidate their position bazinga

hi Sheldon  Cheesy

SkRRJyTC
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January 15, 2012, 11:31:38 PM
 #36

Only 13k below $7.20

New high for the day $7.08
bittenbob
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January 15, 2012, 11:58:32 PM
 #37

Looks like someone tried unsuccessfully to end the rally with a 650BTC dump. Either that or they clicked the wrong button cuz its hard to tell visually if you are buying or selling on the new mtgox layout. Would be an expensive mistake.
old_engineer
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January 16, 2012, 12:02:25 AM
 #38

Looks like someone tried unsuccessfully to end the rally with a 650BTC dump. Either that or they clicked the wrong button cuz its hard to tell visually if you are buying or selling on the new mtgox layout. Would be an expensive mistake.
Use classic.mtgox.com, it's so much clearer.  The new GUI is full of fail.
bittenbob
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January 16, 2012, 12:05:15 AM
 #39

Yeah i prefer the old one. Side by side is much harder to screw up. Still could have been someones mistake.
SkRRJyTC
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January 16, 2012, 12:07:08 AM
 #40

That all you got bears?
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