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Author Topic: Price has Confirmed a Throwback | 1HR Time Interval  (Read 1018 times)
Cryptoalerts.net (OP)
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November 07, 2014, 12:26:10 PM
 #1

Quick Update:

Temp 1HR Support at $341 Must Hold

Resistance at $348.

https://i.imgur.com/wPo7evd.jpg


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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 07, 2014, 01:07:39 PM
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I bet we're going to break 330 in a few hours like it happened all the time!

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November 07, 2014, 01:38:31 PM
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If you're looking at the charts properly you'll notice how we are heading for sub $320 within 24 hours Sad

I wouldn't mind a trend reversal at this point, i feel we are rapidly losing interest from the average Joe to even consider ever using bitcoin. Option, hold fiat and lose 3-4% a year to inflation, hold bitcoin and lose 3-4% a DAY...

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November 07, 2014, 01:52:14 PM
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I bet we're going to break 330 in a few hours like it happened all the time!

No way bro, we won't just hold 330, if we hit 330-320 level we will bounce right back up... Yes a lot of shorters are joining the party now thinking 350 is too high but I am sure they will get squeezed as we pass 400. These slight pullbacks are needed to make a strong rally. 350 has always been an important level and right now we bounced off it, its expected. Look at the huge buys that happened around the 330 level... If we pass 330 I am sure these people will be buying a lottttt more just like everyone else who missed the $315 train
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