Bitcoin Forum
December 07, 2016, 08:20:43 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5] 6 »  All
  Print  
Author Topic: This might be the end of the correction  (Read 7182 times)
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
March 09, 2012, 06:01:34 PM
 #81

Here's what would happen if somebody tried to start a rally right now.

1481142043
Hero Member
*
Offline Offline

Posts: 1481142043

View Profile Personal Message (Offline)

Ignore
1481142043
Reply with quote  #2

1481142043
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481142043
Hero Member
*
Offline Offline

Posts: 1481142043

View Profile Personal Message (Offline)

Ignore
1481142043
Reply with quote  #2

1481142043
Report to moderator
1481142043
Hero Member
*
Offline Offline

Posts: 1481142043

View Profile Personal Message (Offline)

Ignore
1481142043
Reply with quote  #2

1481142043
Report to moderator
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
March 09, 2012, 06:02:26 PM
 #82

So you liquidated your long?

"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
Legendary
*
Offline Offline

Activity: 1148



View Profile
March 09, 2012, 06:08:44 PM
 #83

So you liquidated your long?

What?  No way.

Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
March 09, 2012, 06:09:48 PM
 #84

Waiting for the ball?

"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
Legendary
*
Offline Offline

Activity: 1148



View Profile
March 09, 2012, 06:10:10 PM
 #85

Waiting for the ball?

Haha, something like that.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
March 09, 2012, 09:35:48 PM
 #86

The rally will be glorious.


(BFL)^2 < 0
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
March 09, 2012, 09:50:26 PM
 #87

The rally will be glorious.



The correction is going to end tonight, and it'll be to the upside in a BIG way.
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
March 09, 2012, 10:09:14 PM
 #88

The correction is going to end tonight, and it'll be to the upside in a BIG way.
Grin Cheesy Wink

"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
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
March 09, 2012, 10:16:27 PM
 #89

The correction is going to end tonight, and it'll be to the upside in a BIG way.
Grin Cheesy Wink

this weekend will be the last chance to get coins below 4.9

I plan to load the boat at 4.75, If we get that low.


Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
March 09, 2012, 10:17:04 PM
 #90

this weekend will be the last chance to get coins below 4.9

I plan to load the boat at 4.75, If we get that low.
Alright bro

"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
Hunterbunter
Hero Member
*****
Offline Offline

Activity: 980


View Profile
March 09, 2012, 10:19:06 PM
 #91

wow depth is jumpy
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
March 09, 2012, 10:21:14 PM
 #92

Yeah, market makers? Who needs that crap. Grin

"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
Hunterbunter
Hero Member
*****
Offline Offline

Activity: 980


View Profile
March 09, 2012, 10:23:22 PM
 #93

Yeah, market makers? Who needs that crap. Grin

Volumes don't lie.

I suppose people might be waiting for the big 20k walls to appear and start messing with people...I know I'm anticipating them.

That was like a 2k wall and depth melted before it.
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
March 09, 2012, 10:24:43 PM
 #94

The big boom is coming.  Watch out.
Hunterbunter
Hero Member
*****
Offline Offline

Activity: 980


View Profile
March 09, 2012, 10:25:46 PM
 #95

The big boom is coming.  Watch out.

lol you know you're probably right.

Calm before the shitstorm?
Cosbycoin
Full Member
***
Offline Offline

Activity: 140


View Profile
March 10, 2012, 01:29:27 AM
 #96

The correction is going to end tonight, and it'll be to the upside in a BIG way.
Grin Cheesy Wink

this weekend will be the last chance to get coins below 4.9

I plan to load the boat at 4.75, If we get that low.



VISUALIZE: "loading the boat with bitcoins"........must be a virtual boat too! haha Grin
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
March 10, 2012, 05:52:11 AM
 #97

A move to $5.5, which could happen naturally, would trigger a short squeeze to $6...

(BFL)^2 < 0
Hunterbunter
Hero Member
*****
Offline Offline

Activity: 980


View Profile
March 10, 2012, 06:22:27 AM
 #98

A move to $5.5, which could happen naturally, would trigger a short squeeze to $6...

While the same exists in reverse, what concerns me more is the risk. The bitcoin price is ready to go up, sure, but the bulls can't play until the bears are satisfied. Indicators are extremely close to trigger a sell signal...good time for someone to rally, but it'll cost them around $120k to push that trigger. The trigger down is about half that, and since sentiment is bullish (I think), it's a very juicy path downwards.

There's a proper long term upwards support down at $3.5...the one we're at now is just make believe imo. I think the real price of this huge triangle we're in is around $4.50-$4.60.

EDIT: I must admit though, there is some weird stuff going on. Volume was extremely low yesterday...every time it's been that low in the past 3 months it's been followed with a dump of epic proportions...except this time...eerie.
zby
Legendary
*
Offline Offline

Activity: 1431


View Profile
March 10, 2012, 06:44:01 AM
 #99

I know many people believe that google trends are a following indicator - but fundamentally you need more people to get interested and start betting their money to move the price in a big way.  Currently the popularity indicators are down.  Google trends had a up - tick after the recent hack - but that was a negative news so we should not count much on that.  New forum members in March are also down so far.  That's why I don't believe in any big rally - it might shoot up from the triangle but that will not be a long rally - and vice versa a down move might extend massively.

Just my 3 cents Smiley
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
March 10, 2012, 07:01:02 AM
 #100

A move to $5.5, which could happen naturally, would trigger a short squeeze to $6...

While the same exists in reverse, what concerns me more is the risk. The bitcoin price is ready to go up, sure, but the bulls can't play until the bears are satisfied. Indicators are extremely close to trigger a sell signal...good time for someone to rally, but it'll cost them around $120k to push that trigger. The trigger down is about half that, and since sentiment is bullish (I think), it's a very juicy path downwards.

There's a proper long term upwards support down at $3.5...the one we're at now is just make believe imo. I think the real price of this huge triangle we're in is around $4.50-$4.60.

k so, say your triangle breaks down to 4.50 then what?  panic to 4$?

No this is it...

4$ is the bottom, 4.87 is the current price, if no major buy or sell happens we'll be at 4.75 in 2 days, 4.50 in 1 week, 4.25 in 1 month

but the thing is, something will happen... and soon! ( Right Huh   ...    Wrong Grin )

major sell off, since we are so close to the bottom, a major sell of would bounce back relatively fast (don't try to cause panic selling... it simply wont work)
Or
major buy up, since we are so close to the bottom, a major buy up will retain some momentum and reach higher. ( very expensive to pull the trigger...)

IMO

no one will pull the trigger, and no one will want to try and cause panic in order to buy back lower.

so only one thing can happen

a very slow down to 4.25, fallowed by a even slower climb up and over 5.1 at which point news about some new service offered in bitcoin will trigger a wave of new money willing to buy coins no matter what the cost, hell slips open, the never ending bull run continues

I lay it out for you all to to play it out  Cool


Pages: « 1 2 3 4 [5] 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!