inau's secret rocket

[arepo]

rally is clearly postponed. but not cancelled. the recent price action has been mostly manipulated. it's nice to see a stable price range ($5.00 - $7.00) though. i feel that the move to $7 was a correction from the falling knife to $2, and that we're gearing up for another rally. why? because that's what bitcoin does, and i'm starting to smell panic around here...

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[cbeast]

The devs have been quiet lately. It's too early for them to be tailgating and drunk before the Superbowl. Hopefully the new release is imminent. I suspect there is trepidation in the market regarding the release of a major client upgrade.

[Oldminer]

i feel that the move to $7 was a correction from the falling knife to $2, and that we're gearing up for another rally. why? because that's what bitcoin does

You clearly werent around when Bitcoin dropped from $30+ to $15 lol

[arepo]

that was the bursting of a bubble. i think the market (and especially the price) is a lot healthier now.

[N12]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

[cbeast]

that was the bursting of a bubble. i think the market (and especially the price) is a lot healthier now.

"Hey Bitcoin you lost a lot of weight, been working out?"

[arepo]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP.

[arepo]

soon, this thread will be vindicated. i hope everyone is ready for the Great Bitcoin Comeback of 2012

[N12]

soon, this thread will be vindicated. i hope everyone is ready for the Great Bitcoin Comeback of 2012 ;D

Ready since 5.45. The almighty trendline will deliver another bounce, just like it did from 5.05.

http://www.sierrachart.com/userimages/upload_2/1328523908556.png

But I agree, this is a long-term consolidation/trading range with uncertain outcome as long as we don’t violate former lows (4.64, 5.05, maybe 5.45) or highs (7.2, 6.2, maybe 5.8).

I have a bearish bias on the outcome, though, but we’ll see.

[arepo]

it's ironic that my initial prediction for the low ($5.50) did correctly identify the next level of support after said bounce.

[Oldminer]

[cunicula]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP.

His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along.

[arepo]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP.

His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along.

dude i don't want to clutter the forum with bulky graphs the data is available to everyone at bitcoincharts.com look at the ACCUMULATION/DISTRIBUTION LINE from december till now. just because you can't be bothered to do anything but litter your posts with words referring to excrement doesn't mean i haven't made a real prediction.

[Oldminer]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP.

His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along.

dude i don't want to clutter the forum with bulky graphs the data is available to everyone at bitcoincharts.com look at the ACCUMULATION/DISTRIBUTION LINE from december till now. just because you can't be bothered to do anything but litter your posts with words referring to excrement doesn't mean i haven't made a real prediction.

If your relying on 1 (positive) indicator you may be in for a surprise. I can take any number of other indicators for the same period (eg money flow index, william%r, slow stoch, chaikin money flow) that suggest the contrary to this indicator.

[arepo]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP.

His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along.

dude i don't want to clutter the forum with bulky graphs the data is available to everyone at bitcoincharts.com look at the ACCUMULATION/DISTRIBUTION LINE from december till now. just because you can't be bothered to do anything but litter your posts with words referring to excrement doesn't mean i haven't made a real prediction.

If your relying on 1 (positive) indicator you may be in for a surprise. I can take any number of other indicators for the same period (eg money flow index, william%r, slow stoch, chaikin money flow) that suggest the contrary to this indicator.

i don't rely on just one indicator... the analysis i post on this forum is obviously not an exhaustive one. it would be too much work and also i don't like to give you guys TOO much information...

that said, the indicators you mentioned are oscillators, which i know tell their own story. the acc/dist line and other similar indicators, like i said in the post, which are largely price/volume transformations (PVT to mention another one), are quite bullish.

[Oldminer]

How do you know this is not the height of a bubble? It may be healthier, but that doesn’t mean much.

no, the move to and crash from $7.20 was a bubble. if you look at the Accumulation/Distribution Line and other similar indicators you will see that there hasn't been much trending since the sellof to $4.xx, mostly flatline. we're still consolidating, long-term. whereto thereafter, i think UP.

His predictions are shit, but no poop has been posted. This allows him to make shit up as he goes along.

dude i don't want to clutter the forum with bulky graphs the data is available to everyone at bitcoincharts.com look at the ACCUMULATION/DISTRIBUTION LINE from december till now. just because you can't be bothered to do anything but litter your posts with words referring to excrement doesn't mean i haven't made a real prediction.

If your relying on 1 (positive) indicator you may be in for a surprise. I can take any number of other indicators for the same period (eg money flow index, william%r, slow stoch, chaikin money flow) that suggest the contrary to this indicator.

i don't rely on just one indicator... the analysis i post on this forum is obviously not an exhaustive one. it would be too much work and also i don't like to give you guys TOO much information...

LOL...yea whatever....

[arepo]

so you're short and fully leveraged?

[Oldminer]

so you're short and fully leveraged?

Absolutely...

[da2ce7]

The market just cannot make up its mind... this is so atypical for bitcoin.

[Technomage]

The price doesn't need to rocket anywhere. It seems that people are expecting a large move down or a large move up soon, it's not necessarily going to happen in the next few days. The situation is very neutral and I feel a lot of people are unsure if they should be bullish or bearish at these prices. Anything can happen but on the other hand, nothing might happen.