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Author Topic: It's called a correction (waveaddict's bitcoin charting subscription thread)  (Read 86808 times)
realnowhereman
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March 19, 2012, 02:48:38 PM
 #701

Gulp.  Looking nervously at my long position established at 5.2 "bottom".

And you should, because we're already at 5.16.

Erm.. yes; that's why I was looking nervously; I'd hardly be nervous if the price had gone up would I?  Was that not clear?

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pent
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March 19, 2012, 02:49:20 PM
 #702

I am really sorry about bitcoinica guy who fucked up breaching 5.2 resistance week ago.
waveaddict
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March 19, 2012, 03:05:06 PM
 #703

Email Sent  Smiley

-March 19 update (includes chart: 107)

proudhon
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March 19, 2012, 03:07:16 PM
 #704

Email Sent  Smiley

-March 19 update (includes chart: 107)

I'm not seeing it.
Blitz­
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March 19, 2012, 03:07:39 PM
 #705

So you guys trade solely based on what an analyst says and then proceed to panic once it moves a few cents against you?

If that’s the case, do panic. Grin

Email Sent  Smiley

-March 19 update (includes chart: 107)

I'm not seeing it.
I got the mail.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
proudhon
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March 19, 2012, 03:09:13 PM
 #706

Yep, I got it now.
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March 19, 2012, 03:14:21 PM
 #707

Anyone else really excited for the next few weeks?  The past couple months I've actually been doing something I haven't done for a long time - I've been sending new money to the exchanges instead of merely selling what I have and buying back more.
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March 19, 2012, 03:16:51 PM
 #708

Anyone else really excited for the next few weeks?  The past couple months I've actually been doing something I haven't done for a long time - I've been sending new money to the exchanges instead of merely selling what I have and buying back more.
They are too busy panic selling the positions they placed based on 2 analysts. Grin

I’m excited for the next months, not so much weeks.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
SkRRJyTC
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March 19, 2012, 03:19:54 PM
 #709

Anyone else really excited for the next few weeks?  The past couple months I've actually been doing something I haven't done for a long time - I've been sending new money to the exchanges instead of merely selling what I have and buying back more.
They are too busy panic selling the positions they placed based on 2 analysts. Grin

I’m excited for the next months, not so much weeks.

Not panic sellling here... just biting all my nails off...

Sucks that I could have gotten a better position by waiting tho... I always seem to say this to myself... I wonder why... I think Im more scared of being left behind by the rally train.
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March 19, 2012, 03:25:13 PM
 #710

5.13...

Hmmmmmmm  Huh

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SkRRJyTC
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March 19, 2012, 03:25:42 PM
 #711

Anyone else really excited for the next few weeks?  The past couple months I've actually been doing something I haven't done for a long time - I've been sending new money to the exchanges instead of merely selling what I have and buying back more.

All your bids get hit? or do you have more even lower?
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March 19, 2012, 03:28:21 PM
 #712

5.08....  hmmmmm

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SkRRJyTC
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March 19, 2012, 03:28:33 PM
 #713

LOL $5.10... It will go right back up after I get liquidated dont worry guys...
teflone
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March 19, 2012, 03:30:44 PM
 #714

LOL $5.10... It will go right back up after I get liquidated dont worry guys...

Your not alone man.. I swear I have the anti-touch...

Thought it wasnt supposed to drop below 5.15 due to SMA.. ?

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teflone
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March 19, 2012, 03:31:53 PM
 #715

om fuck...

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waveaddict
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March 19, 2012, 03:32:12 PM
 #716

it looks like the break of 5 created a sort of sentiment trap where 'way too many' people were extremely bullish in the short term. Not exactly what you wanted for the price to head higher 'immediately' especially if most of those people were already long bitcoin. The current situation looks to be weeding out the week longs.

This is the biggest problem I see with charting bitcoin in the short term compared to other markets; there is really no 'good' sentiment poll since everyone is usually always bullish or always bearish towards bitcoin in these current polls.

notme
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March 19, 2012, 03:33:16 PM
 #717

it looks like the break of 5 created a sort of sentiment trap where 'way too many' people were extremely bullish in the short term. Not exactly what you wanted for the price to head higher 'immediately' especially if most of those people were already long bitcoin. The current situation looks to be weeding out the week weak longs.

This is the biggest problem I see with charting bitcoin in the short term compared to other markets; there is really no 'good' sentiment poll since everyone is usually always bullish or always bearish towards bitcoin in these current polls.

FTFY

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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proudhon
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March 19, 2012, 03:33:26 PM
 #718

Anyone else really excited for the next few weeks?  The past couple months I've actually been doing something I haven't done for a long time - I've been sending new money to the exchanges instead of merely selling what I have and buying back more.

All your bids get hit? or do you have more even lower?

I've got bids all the way down.  My biggest ones haven't been hit yet.  I did just buy a handful of coins (about 75) between $5.16 and $5.00.
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March 19, 2012, 03:34:08 PM
 #719

ahahaha. S3052 idiot subscribers pwned
proudhon
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March 19, 2012, 03:35:11 PM
 #720

BTW, it just looks to me like somebody is trying to incite panic against the technical analysis being released by wave and s3052.  For their sake they better back it up with some fear inducing ask walls, or have a lot more coins to sell, or they're going to be up shit creek.
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