Analysis - page 285. | Bitcointalksearch.org

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Whimsical Pants

Quote from: shmadz on December 24, 2013, 11:35:00 AM

Quote from: accord01 on December 24, 2013, 08:11:41 AM

Quote from: molecular on December 24, 2013, 08:07:23 AM

The downtrend line is at ~ $700 (gox). It's broken. The longer this remains the case the higher the probability of a trend change.

Not anymore. It went above 700 for a little while on no volume.

700 is looking more significant than I originally thought.

Price broke above, but could not reach 750+ level escape velocity.

Price breaks below, but quickly returns to test 700 as resistance once again...

Market seems undecided.

30 day view seems pretty sure of itself...

It seems to me that this post pop price discovery is going about as well as it could.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: accord01 on December 24, 2013, 08:11:41 AM

Quote from: molecular on December 24, 2013, 08:07:23 AM

The downtrend line is at ~ $700 (gox). It's broken. The longer this remains the case the higher the probability of a trend change.

Not anymore. It went above 700 for a little while on no volume.

700 is looking more significant than I originally thought.

Price broke above, but could not reach 750+ level escape velocity.

Price breaks below, but quickly returns to test 700 as resistance once again...

Market seems undecided.

accord01

full member

Activity: 238

Merit: 100

Quote from: molecular on December 24, 2013, 08:07:23 AM

The downtrend line is at ~ $700 (gox). It's broken. The longer this remains the case the higher the probability of a trend change.

Not anymore. It went above 700 for a little while on no volume.

molecular

donator

Activity: 2772

Merit: 1019

The downtrend line is at ~ $700 (gox). It's broken. The longer this remains the case the higher the probability of a trend change.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: invisiblehand on December 23, 2013, 07:19:40 PM

I understand bitcoin and I'm looking to get as many coins as I can with a given amount of fiat

Just get back in is my suggestion.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: Voodah on December 23, 2013, 10:53:43 PM

Quote from: shmadz on December 23, 2013, 10:45:21 PM

Quote from: Voodah on December 23, 2013, 09:50:52 PM

Looking very much like a trap yeah.

yeah, but if the price touches 700 and bounces up? then what?

(I'm only looking at gox numbers just for clarity)

A bigger trap?

very possible, My immediate feeling is neither bearish nor bullish... more like cautious.

eidt, it really looks like it''s about to fall tho... ~~edit, china already falling, is this a fake-out?~~ <-wrong, did not see that china had recent lower low. my fail

last edit: If it breaks down below that 700 level, we are back into the long slide. the move to 730 was fun while it lasted tho.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: shmadz on December 23, 2013, 10:45:21 PM

Quote from: Voodah on December 23, 2013, 09:50:52 PM

Looking very much like a trap yeah.

yeah, but if the price touches 700 and bounces up? then what?

(I'm only looking at gox numbers just for clarity)

A bigger trap?

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: Voodah on December 23, 2013, 09:50:52 PM

Looking very much like a trap yeah.

yeah, but if the price touches 700 and bounces up? then what?

(I'm only looking at gox numbers just for clarity)

(edit* I should really figure out how to time stamp edits, but... there is heavy pressure just above 700 right now, heavy downward pressure, this is quite exciting,)

Voodah

sr. member

Activity: 266

Merit: 250

Looking very much like a trap yeah.

outofservice

member

Activity: 70

Merit: 11

Quote from: shmadz on December 23, 2013, 07:42:40 PM

Quote from: invisiblehand on December 23, 2013, 06:42:15 PM

What's going on right now? I have a lot of fiat on the sidelines that I cannot decide when to put it. I would like to buy in at or below 570 as I sold off a lot at that point hoping to average down

I'm not a pro trader, but to me it looks like we just broke some kind of minor resistance at 700 and I expect we should come back and test 700 as support. If we bounce off to the upside, we could see a significant move higher. If we fall back through, then it was just a failed move.

Unfortunate that you were not able to get your fiat in during the dip on Dec 18, and it's impossible to predict what will happen next, but around the 750 level seems to be significant support/resistance and if we break through that to the upside, then I think the train is back on track Grin

(*edit: now fighting between 730 and 710, starting to smell like bull trap

2nd edit, now seriously testing a 710 support, I'm expecting that the price will eventually go through that floor and next support = Huh

LOOK OUT BELOW!

lol

Outofservice has been waiting for this moment. He saved half his btc to sell high. OutofService is excited to buy Cheap coins!

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: invisiblehand on December 23, 2013, 06:42:15 PM

What's going on right now? I have a lot of fiat on the sidelines that I cannot decide when to put it. I would like to buy in at or below 570 as I sold off a lot at that point hoping to average down

I'm not a pro trader, but to me it looks like we just broke some kind of minor resistance at 700 and I expect we should come back and test 700 as support. If we bounce off to the upside, we could see a significant move higher. If we fall back through, then it was just a failed move.

Unfortunate that you were not able to get your fiat in during the dip on Dec 18, and it's impossible to predict what will happen next, but around the 750 level seems to be significant support/resistance and if we break through that to the upside, then I think the train is back on track Grin

(*edit: now fighting between 730 and 710, starting to smell like bull trap

2nd edit, now seriously testing a 710 support, I'm expecting that the price will eventually go through that floor and next support = Huh

LOOK OUT BELOW!

lol

invisiblehand

newbie

Activity: 49

Merit: 0

Quote from: Wekkel on December 23, 2013, 07:35:45 PM

Quote from: invisiblehand on December 23, 2013, 07:19:40 PM

I understand bitcoin and I'm looking to get as many coins as I can with a given amount of fiat

Then put in orders @ $350 and wait what happens.

was looking for something more technical rather than glib

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

Quote

The market is shaking out the new buyers who don't understand bitcoin and are just looking for fiat profits.

full mesh network ( gnax ? )

http://www.youtube.com/watch?v=B_k_elbBz8c

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: invisiblehand on December 23, 2013, 07:19:40 PM

I understand bitcoin and I'm looking to get as many coins as I can with a given amount of fiat

Then put in orders @ $350 and wait what happens.

invisiblehand

newbie

Activity: 49

Merit: 0

I understand bitcoin and I'm looking to get as many coins as I can with a given amount of fiat

notme

legendary

Activity: 1904

Merit: 1002

Quote from: invisiblehand on December 23, 2013, 06:42:15 PM

What's going on right now? I have a lot of fiat on the sidelines that I cannot decide when to put it. I would like to buy in at or below 570 as I sold off a lot at that point hoping to average down

The market is shaking out the new buyers who don't understand bitcoin and are just looking for fiat profits.

invisiblehand

newbie

Activity: 49

Merit: 0

What's going on right now? I have a lot of fiat on the sidelines that I cannot decide when to put it. I would like to buy in at or below 570 as I sold off a lot at that point hoping to average down

damnek

hero member

Activity: 614

Merit: 500

Quote from: ElectricMucus on December 23, 2013, 05:33:21 PM

Quote from: ?? on ??

what is this by the way? This isn't like the usual bubble I see graphed. It's double peaked and seems to be coming down in a series of bear traps.

This is what happens if people come here and use the terminology they learn in this echo chamber without knowing what it means. Grin

I lol'ed

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: ?? on ??

what is this by the way? This isn't like the usual bubble I see graphed. It's double peaked and seems to be coming down in a series of bear traps.

This is what happens if people come here and use the terminology they learn in this echo chamber without knowing what it means. Grin

bqxpd

member

Activity: 82

Merit: 10

Quote from: myself on December 21, 2013, 01:35:30 PM

i made something in log(logarithmic) scale so some of you can think/ponder about it and other to flame about it

info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp

have a nice day

Pretty sure I see the first half of a head and shoulders forming there, even manifesting the ultra-rare Road Warrior-style spiked shoulder pads and Viking helmet meta-pattern.

Topic: Analysis - page 285. (Read 941563 times)