$7 today, in my opinion | Bitcointalksearch.org

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote

A difference worth considering now is that it won't take as much BTC build-up on the ask side to overwhelm the bids.

For sure a valid point and I think we might see a bit of that over the weekend like in April-May last year. But overall I'd still say that we're headed UP Grin

And taking that into consideration I don't really see too much selling pressure building up until we hit roughly 10 USD/BTC

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: ineededausername on January 06, 2012, 08:59:53 AM

Quote from: arepo on January 06, 2012, 04:10:20 AM

Quote from: Sitarow on January 06, 2012, 03:56:51 AM

Quote from: Sitarow on January 05, 2012, 06:57:00 PM

Quote from: SgtSpike on January 05, 2012, 06:55:13 PM

I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

When has a correction not happened in the history of spikes?
A correction, sometimes violent, will ALWAYS happen. It's funny when bears come out and say it's the end of the world. Look, we're back to 6.85 now.

A difference worth considering now is that it won't take as much BTC build-up on the ask side to overwhelm the bids.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: arepo on January 06, 2012, 04:10:20 AM

Quote from: Sitarow on January 06, 2012, 03:56:51 AM

Quote from: Sitarow on January 05, 2012, 06:57:00 PM

Quote from: SgtSpike on January 05, 2012, 06:55:13 PM

I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

When has a correction not happened in the history of spikes?
A correction, sometimes violent, will ALWAYS happen. It's funny when bears come out and say it's the end of the world. Look, we're back to 6.85 now.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: arepo on January 06, 2012, 04:10:20 AM

Quote from: Sitarow on January 06, 2012, 03:56:51 AM

Quote from: Sitarow on January 05, 2012, 06:57:00 PM

Quote from: SgtSpike on January 05, 2012, 06:55:13 PM

I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

At this time we can list many reasons for the increase in Bitcoin valuation. I am confident the project will experience a momentum that will play out in favor of higher prices.

However I hope that it will be at a sustainable price.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: arepo on January 06, 2012, 04:10:20 AM

Quote from: Sitarow on January 06, 2012, 03:56:51 AM

Quote from: Sitarow on January 05, 2012, 06:57:00 PM

Quote from: SgtSpike on January 05, 2012, 06:55:13 PM

I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

We escaped the looming head and shoulders... I think we'll at least flirt with 7.2 again before any reversal.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: Sitarow on January 06, 2012, 03:56:51 AM

Quote from: Sitarow on January 05, 2012, 06:57:00 PM

Quote from: SgtSpike on January 05, 2012, 06:55:13 PM

I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: Sitarow on January 05, 2012, 06:57:00 PM

Quote from: SgtSpike on January 05, 2012, 06:55:13 PM

I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20

Well now that we have seen sub $6.4

$8 here we come!

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: ArsenShnurkov on January 05, 2012, 06:42:27 PM

Quote from: Serge on January 05, 2012, 06:38:22 PM

It's already 7!

Now we DEFINITELY need the correction...

This "rally" IS the correction, and it is just beginning.

Mark Oates

full member

Activity: 168

Merit: 100

Quote

as to not need to chase the train rolling away from you!

I did that for about $.50 awhile back. Tongue

Then I was like, just buy the damn thing Angry

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: StewartJ on January 05, 2012, 08:52:36 PM

Quote from: FlipPro on January 05, 2012, 08:23:00 PM

Quote from: StewartJ on January 05, 2012, 07:48:37 PM

Quote from: ineededausername on January 05, 2012, 07:05:22 PM

Just finished my dinner and saw $7 on the screen. Well done, gentlemen.

Sold at $7.20 for a bit of profit taking.

Waiting for a bit of a pull back then back in for next rally.

Am I being too cautious?

I think selling at this point is retarded... I already got burned on the way up to $5. Not doing that again..

I just take little breaks for 1/2 day or so just in case the price tanks. Yeah, I'm cautiously retarded:

Considering we've barely been over $7.20, I think you did fine. But it won't always work like that. So choose buying/selling points carefully, so as to not need to chase the train rolling away from you!

StewartJ

sr. member

Activity: 392

Merit: 250