The Fool
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February 12, 2013, 03:23:19 AM |
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It seems there is a repeating pattern: 1. Resistance for 4-7 days 2. Going up for 2-4 days 3. Last resistance becoming new support Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that https://i.imgur.com/4XSw4k4.jpgWe need to pull out of this cycle immediately, the RSI is looking more and more unnerving. It's called the pennant formation. Very healthy. I was talking about the RSI, which looks like a failure swing. Sorry, I meant to only quote the top part. I know little about the RSI. Want to tell me about it?
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oakpacific
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February 12, 2013, 03:26:37 AM |
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It seems there is a repeating pattern: 1. Resistance for 4-7 days 2. Going up for 2-4 days 3. Last resistance becoming new support Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4XSw4k4.jpg&t=665&c=8ar8B86fAh3N1Q) We need to pull out of this cycle immediately, the RSI is looking more and more unnerving. It's called the pennant formation. Very healthy. I was talking about the RSI, which looks like a failure swing. Sorry, I meant to only quote the top part. I know little about the RSI. Want to tell me about it? Check this http://www.investopedia.com/articles/technical/03/042203.asp#axzz2KeSkXQrf and the wikipedia RSI page, besides, when RSI is above 70 the market is considered "overbought", and staying overbought for too long is not funny. In some sense, we have already survived one failure swing though, the $18 line did not fall.
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sublime5447
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February 12, 2013, 03:59:29 AM |
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if the price dropped $4 tomorrow how many of you would start selling?
In order to drop to $20, BTC40k would need to be sold. The market has already absorbed dumps this big on the way up, I'd still be pretty bullish. It will take a significant sell off to break the trend imo. The adoption phase may be starting! I laughed out load when I read this.
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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February 12, 2013, 04:04:27 AM |
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if the price dropped $4 tomorrow how many of you would start selling?
In order to drop to $20, BTC40k would need to be sold. The market has already absorbed dumps this big on the way up, I'd still be pretty bullish. It will take a significant sell off to break the trend imo. The adoption phase may be starting! I laughed out load when I read this. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fencrypted-tbn3.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcRIGtK0iR7sxAwlF5LmP2A2wE7TgTUND6yduLhSDvCoYlozudaOQw&t=665&c=d3QaBGMfULtynQ) I like Proudhon a lot better...
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420
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February 12, 2013, 05:02:46 AM |
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so.....................we got a 24.7 wall
twenty four seven
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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Spaceman_Spiff
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February 12, 2013, 05:05:33 AM |
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so.....................we got a 24.7 wall
twenty four seven
bitcoin goes up 24.7
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oakpacific
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 12, 2013, 05:07:52 AM |
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so.....................we got a 24.7 wall
twenty four seven
The wall maker is trying to tell you:"Stop watching the price 24/7, take a break!"
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Liquid
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February 12, 2013, 06:06:21 AM |
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Bitcoin will show the world what hard money really is.
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Chaz
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February 12, 2013, 10:20:28 AM |
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1FsQJtY4vbvbkJj4Pd869rDcbFmu11RHge
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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February 12, 2013, 10:23:16 AM |
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$25 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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lebing
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Enabling the maximal migration
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February 12, 2013, 10:25:37 AM |
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That wall made it all of 2 minutes before getting munched
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Bro, do you even blockchain? -E Voorhees
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keewee
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Activity: 1025
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February 12, 2013, 10:27:58 AM |
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Crikey! Where are all the asks?? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FncC75Vl.png&t=665&c=4soJjUA_H1Km8w)
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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David M
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February 12, 2013, 10:29:23 AM |
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Spectacular!
Bull runs are so much fun to watch.
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Chaz
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February 12, 2013, 10:32:44 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Foik7YZF.gif&t=665&c=T9Edy7jTms2Vig) Retreat!!!
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1FsQJtY4vbvbkJj4Pd869rDcbFmu11RHge
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Zomdifros
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February 12, 2013, 10:33:30 AM |
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Next stop, $ 30,-
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Liquid
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February 12, 2013, 10:46:14 AM |
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Bitcoin will show the world what hard money really is.
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camolist
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February 12, 2013, 10:51:42 AM |
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25.4 bitcoin stop, go home you are drunk. *wants it to drop to 10 buy a ton more
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labestiol
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February 12, 2013, 10:59:00 AM |
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Less than 15k btc to go to 30$ ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Thinks are going to get wild !
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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oakpacific
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February 12, 2013, 10:59:31 AM |
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*wants it to drop to 10 buy a ton more
Yeah, that's the problem here - real bears are all but extinct, everyone who wishes the price to fall just wants to buy in with more fiat... With sentiment like that, it's hard to see that a sustainable downturn is even possible at the moment... Small bears are bullied(pun intended), big bears not willing to help out yet.
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