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jasinlee
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October 26, 2012, 12:48:06 PM |
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As long as it doesnt drop further....
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robocoin
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October 26, 2012, 12:49:32 PM |
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As long as it doesnt drop further....
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keewee
Legendary
 Offline
Activity: 1025
Merit: 1000
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October 26, 2012, 12:53:22 PM |
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As long as it doesnt drop further....
I don't see much to stop it falling until 10.31 |
1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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Kupsi
Legendary
Offline
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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October 26, 2012, 12:58:45 PM |
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Hmm... Comeback for single digits this weekend?  People are crazy. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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October 26, 2012, 01:00:55 PM |
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Be really careful if you're thinking about panicking right now.  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
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October 26, 2012, 01:20:02 PM |
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Be really careful if you're thinking about panicking right now.
Yeah, please wait until Saturday to panic. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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October 26, 2012, 01:26:46 PM |
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Wow, somebody is pushing down really hard. Run with it guys. Make his dreams come true.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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October 26, 2012, 01:33:19 PM |
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Be really careful if you're thinking about panicking right now.
..what could I see in this graph, RSI, if I knew how to interpret it? Ente |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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October 26, 2012, 01:34:23 PM |
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I suspect a few people with a majority of the cash on the exchange are playing with it like their private toy.
I disagree. Duck test shows that it's just...  |
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robocoin
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October 26, 2012, 01:37:25 PM |
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Be really careful if you're thinking about panicking right now.
..what could I see in this graph, RSI, if I knew how to interpret it? Ente On a normal market that could indicate a good time to buy. But Bitcoin price movements are insane. |
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robocoin
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October 26, 2012, 01:40:53 PM |
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fcmatt? You got me! Dracula Bear! But I am like Mutant-Bear-X I can transform to a bull in no time.  |
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420
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October 26, 2012, 01:51:42 PM |
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Oat Hay time  |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 26, 2012, 02:03:53 PM |
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Be really careful if you're thinking about panicking right now.
..what could I see in this graph, RSI, if I knew how to interpret it? Ente It just means we are locally oversold, which mean even if we plunge further there should be better opportunities. One way is when an oscillator like rsi fails to stay overbought (which is rare) for a sufficient amount of time and returns to oversold it is even more rare it would switch a second time. |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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October 26, 2012, 02:17:30 PM |
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..what could I see in this graph, RSI, if I knew how to interpret it?
Ente
on the rsi you look to buy when get above 60 and at 70 should be a good reason to buy you look to sell at 40 and at 30 you sell the problem with RSI is that is lagging indicator, because of the average he do and because the bitcoin trading is somehow retarded you get allot of dead days and ofc this dead days are computed by the rsi (14 periods) so a good way to fix this is to copy paste the raw data from http://bitcoincharts.com into excel and the sum days that have a volume under 50 000 the put the rsi formula at work |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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lucif
Sr. Member
Offline
Activity: 462
Merit: 250
Clown prophet
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October 26, 2012, 02:46:53 PM |
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Be really careful if you're thinking about panicking right now. RSI still has 20 points to plunge more  |
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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October 26, 2012, 03:38:42 PM |
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Thanks a lot, ElectricMusus and myself, for explaining! I will observe it for a while, and see if I like it!  ..the more people know at least about the basic trading "rules", the less erratic, or retarded as someone called it, the whole thing gets! Ente |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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October 26, 2012, 04:15:09 PM |
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Thanks a lot, ElectricMusus and myself, for explaining! I will observe it for a while, and see if I like it! ..the more people know at least about the basic trading "rules", the less erratic, or retarded as someone called it, the whole thing gets! Ente yes the self fulfilling prophecy can play a role in this but the dead days is mostly because bitcoin is not a organized market, in stocks u get gaps/windows up or down for 10, 20, 50 cents and sometimes over 1 usd and this move the price and whit the price any indicator in forex you dont have gaps and the changes are less drastic but you get leverage so small price changes can give a decent profit bitcoin dont any of that so the price go sideways until a ax/hammer start to play |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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robocoin
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October 26, 2012, 05:11:29 PM |
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I am prepared for this, again  :  |
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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October 26, 2012, 05:19:13 PM |
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We might as well assume that 18k ask wall is fake. I seriously doubt that when the momentum shifts he will keep that thing up.
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Bro, do you even blockchain?
-E Voorhees
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