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bitcoinTrader (OP)
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February 11, 2012, 12:32:05 PM |
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Hi,
It seems the trading ranged has narrowed down 0.2$ (High 6, low 5.8$ )
Usually, there is big move after the price has stagnated.
Predict whether it will be up or down.
I think it will be down.
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kjlimo
Legendary
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Activity: 2086
Merit: 1031
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February 11, 2012, 01:50:02 PM |
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I agree. Although that may be because I'd like to nab up some more bitcoin around $4 or $5.
I still believe that we'll hit $2 again before the end of the year, but I also believe we'll hit $10 before the end of the year as well.
So until then, I continue to try to be patient.
I think there are still too many people sitting on thousands of coins that will dump them if their ADD gets to them.
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waspoza
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February 11, 2012, 01:55:19 PM |
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Im afraid that $6 is the top for now and it will bounce down for a bit.
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stochastic
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February 11, 2012, 03:06:39 PM |
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...
Usually, there is big move after the price has stagnated.
...
What is your definition of a big move? What is your definition of a stagnated price? |
Introducing constraints to the economy only serves to limit what can be economical.
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bitcoinTrader (OP)
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February 11, 2012, 06:27:11 PM |
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Stagnation = narrow trading range, stable price
Big move = wide trading range, unstable price
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alan2here
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February 11, 2012, 06:39:35 PM |
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Up. The poll and zooming out on the charts and looking at the nice cuve of the price over time confirms it.
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M4v3R
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February 11, 2012, 08:39:08 PM |
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Down  |
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bittenbob
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February 11, 2012, 08:42:01 PM |
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Looks like a decent sized Zhoutonging took place just now. There was 2500 2311 BTC in volume straight down to 5.61. There was no residual bid wall left behind like the previous sell off to 5.70 because that's how the Bitcoinica bot operates. It could have been some other bot but Bitcoinca is my first suspicion due to the starfish.
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pirateat40
Avast Ye!
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"Yes I am a pirate, 200 years too late."
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February 11, 2012, 08:45:51 PM |
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I bet it was a human bot.
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NamelessOne
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Merit: 1000
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February 11, 2012, 08:46:12 PM |
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I certainly believe down. I didn't buy back after selling a couple days ago. I just didn't trust those superwalls would fall. I would have loved them to, and would have even bought back at a higher position had the walls fallen, but didn't see it happened. The big player with those walls seems to want to buy way cheaper btc and is willing to be patient.
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Bro
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February 11, 2012, 08:54:33 PM |
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if it goes down, certainly not lower that $5 or $4.5, everyone and his mother want to invest
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teflone
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February 11, 2012, 08:56:37 PM |
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This is a great example why to bet against market sentiment  Yup, always go opposite of Marginsuperstupidfunlandoinica |
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bittenbob
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February 11, 2012, 09:03:43 PM |
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If that starfish doesn't disappear from the buy side on Bitcoinica soon we are going for another big drop.
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waspoza
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February 11, 2012, 09:04:37 PM |
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If that starfish doesn't disappear from the buy side on Bitcoinica soon we are going for another big drop.
Thats right, its not over yet. |
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copumpkin
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I'm actually a pineapple
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February 11, 2012, 09:08:06 PM
Last edit: February 11, 2012, 09:23:54 PM by copumpkin |
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I bet it was a human bot.
I'm sure derivatives were involved somehow. Whenever the market moves the wrong way, we should always blame the derivatives. Edit: if it wasn't the derivatives, it was the short sellers. Or the trading bots. |
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SkRRJyTC
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February 11, 2012, 09:40:04 PM |
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I predict we will see a big wall appear between $5.20 and $5.40 in the next week or two. This will be the flag for the big rally. UPUPUP
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qo
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February 12, 2012, 12:57:48 AM |
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I could be wrong, but am guessing it'll go one way, then the other.
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Oldminer
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February 12, 2012, 01:04:23 AM |
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Transisto
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February 12, 2012, 01:07:31 AM |
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6 more speculatrolls ignored today. Keep posting it's getting interesting.
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bitcoinTrader (OP)
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February 14, 2012, 03:35:07 AM |
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So the next movement was down. Mostly after price stagnates, it goes down
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Poll
