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Author Topic: This might be the end of the correction  (Read 7197 times)
zby
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March 08, 2012, 09:59:31 AM
 #61

I don't know - but this correction is taking too long.  This is just another speculation - but I have the feeling that because someone pushed up when it 'should' go down, it did not bounce back at the right moment and now we might be back to the 'long slow slide'.
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Hunterbunter
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March 08, 2012, 10:25:29 AM
 #62

dont fool yourself the 10k ask wall at 4.9 is a ghost wall

I made and paid dearly for the mistake once (or thrice) of thinking the walls meant anything at all.
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March 08, 2012, 11:37:41 AM
 #63

dont fool yourself the 10k ask wall at 4.9 is a ghost wall

If you are sure about it - then buy into them - they'll disappear, the price goes up and you earn profit.

I am not looking at the walls - it is just that the correction takes too much time.
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March 08, 2012, 11:53:50 AM
 #64

dont fool yourself the 10k ask wall at 4.9 is a ghost wall

If you are sure about it - then buy into them - they'll disappear, the price goes up and you earn profit.

I am not looking at the walls - it is just that the correction takes too much time.

I think the bears have got daggers in their cloaks and are waiting for the lights to go out, and I think the bulls are wondering how many other bulls are out there at this point ready to stampede. It will come to a head one way or another over the next few days.
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March 08, 2012, 12:11:57 PM
 #65

Quote
Long Position    -$0.20
Short Position    $0.05
it can go even lower so why pay a premium
That was my point - wasn't it?  It will probably get a lot lower.
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March 08, 2012, 01:34:34 PM
 #66

The bulls are nibbling away.

I'm going to make a stupid prediction just for the hell and fun of it:

What we're about to see in the next six hours, is an exact replica of what we're about to see in the next six days.

I honestly have nfi what's going to happen, but I reckon it'll be a fractal.



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March 09, 2012, 12:39:34 AM
 #67

The end is near.  Push bulls!
Blitz­
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March 09, 2012, 12:40:19 AM
 #68

How can the bulls push? They don’t have any USD. Grin

Oh, well, they could leverage up and get epically zhoutonged like from 7 to 4.64.

"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 09, 2012, 01:01:59 AM
 #69

How can the bulls push? They don’t have any USD. Grin

Oh, well, they could leverage up and get epically zhoutonged like from 7 to 4.64.

I get paid every two weeks... I always have some green paper laying around
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March 09, 2012, 01:03:44 AM
 #70

Are you pushing? Smiley

PUUUUUUUUUUUUUUUUUSH

"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
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March 09, 2012, 01:07:11 AM
 #71

Are you pushing? Smiley

PUUUUUUUUUUUUUUUUUSH

Its not going any lower buy now or never.
Hunterbunter
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March 09, 2012, 01:21:30 AM
 #72

Are you pushing? Smiley

PUUUUUUUUUUUUUUUUUSH

Its not going any lower buy now or never.

The bulls need some serious volume to overcome any remaining bears. I don't really see it atm...but that could change I suppose.
notme
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March 09, 2012, 01:22:38 AM
 #73

Are you pushing? Smiley

PUUUUUUUUUUUUUUUUUSH

Its not going any lower buy now or never.

The bulls need some serious volume to overcome any remaining bears. I don't really see it atm...but that could change I suppose.

3.8... 3.5 at the worst.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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March 09, 2012, 01:26:09 AM
 #74

Are you pushing? Smiley

PUUUUUUUUUUUUUUUUUSH

Its not going any lower buy now or never.

The bulls need some serious volume to overcome any remaining bears. I don't really see it atm...but that could change I suppose.

3.8... 3.5 at the worst.

There is also a case for $3.00, albeit a weak one. Knowing my luck I'll pick this huge drop, reverse position then catch a big fat falling dagger.
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March 09, 2012, 09:40:52 AM
 #75

Are you pushing? Smiley

PUUUUUUUUUUUUUUUUUSH

Its not going any lower buy now or never.

The bulls need some serious volume to overcome any remaining bears. I don't really see it atm...but that could change I suppose.

3.8... 3.5 at the worst.

There is also a case for $3.00, albeit a weak one. Knowing my luck I'll pick this huge drop, reverse position then catch a big fat falling dagger.

 Grin

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Hunterbunter
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March 09, 2012, 01:46:30 PM
 #76

I want to go to sleep but its sooo close to picking a side...and I think the US is just waking up now.
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March 09, 2012, 04:17:31 PM
 #77

A reasonably sized buy right now would end the entire correction.  Come on, manipulator!

(BFL)^2 < 0
proudhon
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March 09, 2012, 04:56:02 PM
 #78

A reasonably sized buy right now would end the entire correction.  Come on, manipulator!

The worry is that it'd be followed by big sell to spark panic, which it would if it was seen that somebody tried to start a rally and was smacked down; and we know there are individuals with many 10s of thousands of bitcoins ready to sell.
Blitz­
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March 09, 2012, 05:02:57 PM
 #79

we know there are individuals with many 10s of thousands of bitcoins ready to sell.
Nooooooo, the early adopters would never cheat us. Cry

"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
Blitz­
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March 09, 2012, 05:05:18 PM
 #80

in the last 12h there are more sell that buy  we are going down a bit more
Have you noticed the bot that sells 3 BTC every minute when the price is above 4.9? I suspect it arbitrages cheap stolen Bitcoins from https://btc-e.com/

So that’s probably one reason for the resistance seen.

"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
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