Topic: 4.5 support line breached? (Read 2206 times)
We're at $3.98. This topic is so last week.
buy buy buy!
It's very tempting to buy, but I also want to sell; becasue then I will be able to use that money to buy. Should I buy or sell?
This answer is Correct for all bitcoin related questions, (lol). WAIT
buy buy buy!
It's very tempting to buy, but I also want to sell; becasue then I will be able to use that money to buy. Should I buy or sell?
buy buy buy!
Probably the 10 000 that was just "casually" dumped on gox ! Damn hackers !!!
8,000 or less. B7 was small.
Small or not, that's enough to screw up any bid wall. Anyone daring enough to put up a big enough wall high enough to prop up the price could wind up with bunch of coins at 10% less than the going rate.
8,000 or less. B7 was small.
Don't forget about the recent hack of an exchange and how those "lost" coins will be liquidated. That will effect this down trend.
Does anyone know how many coins that actually was?
Don't forget about the recent hack of an exchange and how those "lost" coins will be liquidated. That will effect this down trend.
Should have seen this coming..
The bouncing off 9/9 low of ~$4.2 and the $4-$5 range following was forming a pretty clear descending triangle continuation pattern. Especially with the $6.75 high following $7.50.
Not a double/triple bottom (retrospectively obvious).
The bouncing off 9/9 low of ~$4.2 and the $4-$5 range following was forming a pretty clear descending triangle continuation pattern. Especially with the $6.75 high following $7.50.
Not a double/triple bottom (retrospectively obvious).
For a double/triple/quad/etc bottom reversal pattern you need to blow through resistance. These are very rare like I've said before. That's why every trading strategy I've ever seen cautions against buying at support when you *think* a reversal pattern is starting to form. Sure, you give up some potential profit but you're on board for the actual trend. And that's what TA is about -- identifying trends (or lack thereof).
That wasn't the only continuation pattern on my charts (in fact I didn't see that one at all), but then I probably use a different time frame than you.
Should have seen this coming..
The bouncing off 9/9 low of ~$4.2 and the $4-$5 range following was forming a pretty clear descending triangle continuation pattern. Especially with the $6.75 high following $7.50.
Not a double/triple bottom (retrospectively obvious).
The bouncing off 9/9 low of ~$4.2 and the $4-$5 range following was forming a pretty clear descending triangle continuation pattern. Especially with the $6.75 high following $7.50.
Not a double/triple bottom (retrospectively obvious).
People people, it's all okay. I've just plotted bitcoin's price on a log graph and it shows we're still in a massive bull boom right now. Everybody buy! Buy!
Or Panic! Sheer blind panic!
Or Panic! Sheer blind panic!
We're on our way to 3.5!!
ugh panic selling... I hate it
You have your answers now. Damn.
Yes, but from which point? Can it go lower than 4.40?
Of course it can. What do you mean?
WOW someone just sold 10000
I certainly hope we don't even get to test it. But yes, it should be able to go there.
Ok. Can It go to 4.41?
The support really has been all the way to 4.40. So nothing broken yet, just panic.
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