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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010357 times)
cypherdoc
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October 06, 2014, 04:08:35 AM
 #13341

all it needs is one more week of red and it becomes the 3 bearish stooges (in my own words).. although if next week has bullish engulf then bears are back to the drawing board again.

i know, i know.  it's paid handsomely to be a bull.

it's just now, ALL the major indices are on weekly or intermediate term sell signals with oil, softs, and gold & silver in the shitter.  they're gonna have to do something this week.
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cypherdoc
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October 06, 2014, 04:12:07 AM
 #13342

notice, we are are winning:

rocks
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October 06, 2014, 04:19:36 AM
 #13343

notice, we are are winning:



Yes, and it's being eaten surprisingly quickly.

So what are everyone's thoughts on what happens after the entire wall is solidly eaten (assuming it isn't pulled)?
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October 06, 2014, 04:22:37 AM
 #13344

notice, we are are winning:



Yes, and it's being eaten surprisingly quickly.

So what are everyone's thoughts on what happens after the entire wall is solidly eaten (assuming it isn't pulled)?

look at my post 7 above with the multi exchange chart.  tl;dr all other exchanges are higher in price and have bullish slanting wall configurations waiting to head higher.
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October 06, 2014, 04:24:05 AM
 #13345

Well, I suppose that either fiat is exhausted after $9mm in purchases (we go down) or bulls are encouraged by the lack of many sellers getting in under the wall (we go up).

Looking at current prices on other exchanges, I'd guess up.  

Also, looking at what happened twice earlier today when that same wall was taken down, I'd guess up.  

But we are in a long-term downtrend for sure.  Anything can happen.  I made 3 buys today, including a piece of this historic wall.  So I'd like to see some upside.  But I really don't care either way.  If I get more sub-300 buying opportunities, that is OK, too.
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October 06, 2014, 04:50:50 AM
 #13346

my opinion is that the wall is a bank or some vested interest in keeping the price suppressed.
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October 06, 2014, 04:59:53 AM
 #13347

my opinion is that the wall is a bank or some vested interest in keeping the price suppressed.

But to what end? In a few hours fresh fiat will arrive (Monday morning in Europe) and that wall will be history and the (new) market trend will continue.
FWIW, I expect a rally and a period of stability near $433. sqrt(cycle high 683 * cycle low 275)

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October 06, 2014, 05:03:35 AM
 #13348

my opinion is that the wall is a bank or some vested interest in keeping the price suppressed.

But to what end? In a few hours fresh fiat will arrive (Monday morning in Europe) and that wall will be history and the trend will continue.
FWIW, I expect a rally and a period of stability near $433. sqrt(cycle high 683 * cycle low 275)

yes, the bull run is inevitable but they have to try.  the longer they can keep a lid on things the greater the chance they can discourage fiat from arriving tomorrow morning and the greater the chance they can kill Bitcoin.  it's sunk money for them.
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October 06, 2014, 05:12:55 AM
 #13349

my opinion is that the wall is a bank or some vested interest in keeping the price suppressed.

But to what end? In a few hours fresh fiat will arrive (Monday morning in Europe) and that wall will be history and the (new) market trend will continue.
FWIW, I expect a rally and a period of stability near $433. sqrt(cycle high 683 * cycle low 275)

Who r u gann? Lol ya maybe because btc target met but ltc was holding it back before at 500 and now it wont crash to hit target so stubborn im waiting for it before calling btc a bull again

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October 06, 2014, 07:32:28 AM
 #13350

And the wall is gone in a huge buy.  Really thrilling times to watch!

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October 06, 2014, 09:17:46 AM
 #13351

And the wall is gone in a huge buy.  Really thrilling times to watch!

That's great news. I'm sleeping. How did it happen?

That's bullish.
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October 06, 2014, 09:33:12 AM
 #13352

And the wall is gone in a huge buy.  Really thrilling times to watch!

That's great news. I'm sleeping. How did it happen?

That's bullish.
Was bought!
wachtwoord
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October 06, 2014, 09:35:06 AM
 #13353

And the wall is gone in a huge buy.  Really thrilling times to watch!

That's great news. I'm sleeping. How did it happen?

That's bullish.
Was bought!

Indeed, we have volume again finally. So people complaining about no volume can shut up for a while  Cheesy

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October 06, 2014, 10:00:44 AM
 #13354

The perfect takedown of Krugman:

http://www.forbes.com/sites/markrogowsky/2014/10/05/krugmania-as-bitcoins-price-falls-the-nyt-pundit-takes-a-very-premature-victory-lap/

Looks like Forbes is (sometimes) on our side Cheesy

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October 06, 2014, 10:01:00 AM
 #13355

Dont know if this has been posted but its an interview with Jon Matonis: Bitcon to replace Gold

http://www.chyp.com/media/podcast/jon-matonis-bitcoin-foundation/

edit: wrong interview, it is actually an article. long day.

http://leaprate.com/2014/10/05/bitcoin-to-replace-gold-says-jon-matonis/
cypherdoc
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October 06, 2014, 10:08:29 AM
 #13356

Riiise mofo, riiise. 
Hunyadi
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October 06, 2014, 10:10:36 AM
 #13357

Riiise mofo, riiise. 

Planning to have fun with Mrs. Cypher?  Grin

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NotLambchop
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October 06, 2014, 11:44:58 AM
 #13358

Riiise mofo, riiise. 

Planning to have fun with Mrs. Cypher?  Grin

Probably this

cypherdoc
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October 06, 2014, 01:29:16 PM
 #13359

Riiise mofo, riiise.  

Planning to have fun with Mrs. Cypher?  Grin

Hey, the Boomer's Boomer isn't as quick as it used to be.
cypherdoc
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October 06, 2014, 01:53:04 PM
 #13360


Bloomberg - S&P 500 Companies Spend Almost All Profits on Buybacks

http://bloom.bg/1uPbtDG
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