Analysis - page 287. | Bitcointalksearch.org

zby

legendary

Activity: 1594

Merit: 1001

Quote from: cAPSLOCK on December 19, 2013, 02:29:15 PM

Quote from: zby on December 19, 2013, 02:05:31 PM

Another wedge (not entirely finished) - what bitcoin will do with it this time?

Rising wedges are supposedly bearish right?

Yes - but in the past bitcoin had the tendency to not care about rising wedges - but this time there is also another barrier coinciding in mostly the same area - and so ... - I don't know.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: cAPSLOCK on December 19, 2013, 02:29:15 PM

Quote from: zby on December 19, 2013, 02:05:31 PM

Another wedge (not entirely finished) - what bitcoin will do with it this time?

Rising wedges are supposedly bearish right?

Not unless it breaks through the trend line.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: zby on December 19, 2013, 02:05:31 PM

Another wedge (not entirely finished) - what bitcoin will do with it this time?

Rising wedges are supposedly bearish right?

zby

legendary

Activity: 1594

Merit: 1001

Another wedge (not entirely finished) - what bitcoin will do with it this time?

oda.krell

legendary

Activity: 1470

Merit: 1007

(sorry for another sloppy short post)

next target for me: ~750 (mtgox), ~710 (bitstamp). breaking through those, and staying above them, would be confirmation for me that we're done with this correction, at least short term -- doesn't mean we can't enter a longer bear market, but I wouldn't expect another very sharp drop then in the next days at least if we cross those.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: accord01 on December 19, 2013, 11:09:58 AM

Quote from: lebing on December 19, 2013, 10:59:38 AM

Quote from: samurai1200 on December 19, 2013, 10:48:07 AM

Quote from: samurai1200 on December 19, 2013, 02:28:38 AM

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break support at 630. Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

Guess was incorrect, whales took over. Now to test 700. I have a really hard time seeing a breakthrough here. But I could be wrong again, because overstock.

FTFY
http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

this isn't even confirmed, plus they may not even act on it...

True, but it makes sense. They are looking for an edge vs the bigger guys and with all of the hype around bitcoin it makes sense for them to jump on the train to expand their market share and get free press. They have far more to gain than amazon or ebay, which is why I dont believe this is fake.

edit: http://blogs.marketwatch.com/thetell/2013/12/19/overstock-com-to-accept-bitcoins-ceo-says-money-is-too-important-to-leave-in-the-hands-of-government-officials/?mod=MW_home_latest_news
Well, there is the confirmation.

accord01

full member

Activity: 238

Merit: 100

Quote from: lebing on December 19, 2013, 10:59:38 AM

Quote from: samurai1200 on December 19, 2013, 10:48:07 AM

Quote from: samurai1200 on December 19, 2013, 02:28:38 AM

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break support at 630. Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

Guess was incorrect, whales took over. Now to test 700. I have a really hard time seeing a breakthrough here. But I could be wrong again, because overstock.

FTFY
http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

this isn't even confirmed, plus they may not even act on it...

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: samurai1200 on December 19, 2013, 10:48:07 AM

Quote from: samurai1200 on December 19, 2013, 02:28:38 AM

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break support at 630. Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

Guess was incorrect, whales took over. Now to test 700. I have a really hard time seeing a breakthrough here. But I could be wrong again, because overstock.

FTFY
http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

samurai1200

sr. member

Activity: 303

Merit: 250

Quote from: samurai1200 on December 19, 2013, 02:28:38 AM

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break support at 630. Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

Guess was incorrect, whales took over. Now to test 700. I have a really hard time seeing a breakthrough here. But I could be wrong again, because whales.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: oda.krell on December 18, 2013, 08:20:04 PM

Quote from: Rampion on December 18, 2013, 05:14:37 PM

Yes, some of us have a very pronounced "cultist" side regarding Bitcoin, and we are not in it only for the fiat profits.

Probably that's one of the things that make Bitcoin so resilient, while on the other side greed is the best fuel to make it go viral. Effective combination.

Do you think Satoshi created Bitcoin to "make money"?

Strange assertion coming from someone who despises (and rightfully does so IMO) scamcoins. Normally those who admit being into BTC just to make money are very much into alts pump and dumps.

Excellent point, never thought of it like that. Goes into my btc quotes file.

I always thought that Bitcoin was designed on purpose to make it skyrocket very fast - it's the best way to make it go viral because there's nothing that motivates more than pure profit/greed. In fact, there are times in which I entertain the idea that Bitcoin is just a "trojan horse" which real purpose is to spread the blockchain (which has many other revolutionary purposes apart from being a way of transferring value) as fast as possible.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Ohi guyz I heard u liek volatilities
http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/

If it ends up being the case that the chinese gov is simply retarded and they are going to let the exchanges back on, we will be back over previous highs by march for sure.

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Where to generate our own "fibonacci retracement charts" ?

Ivanhoe

hero member

Activity: 841

Merit: 1000

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break resistance at 630. Second chance?

Done.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: samurai1200 on December 19, 2013, 02:28:38 AM

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break support at 630. Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

I changed my post to use the correct word, but too late I see.

Looks like 2x now its bounced off... Now let's see if it will challenge support. I have a pile of cash on Gox. Makes me nervous. I want to reenter just to have it back in a safe wallet. But I don't think its time yet.

samurai1200

sr. member

Activity: 303

Merit: 250

Quote from: cAPSLOCK on December 19, 2013, 02:23:27 AM

Try number 2 for the price to break support at 630. Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Try number 2 for the price to break resistance at 630. Second chance?

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: Rampion on December 18, 2013, 05:14:37 PM

Yes, some of us have a very pronounced "cultist" side regarding Bitcoin, and we are not in it only for the fiat profits.

Probably that's one of the things that make Bitcoin so resilient, while on the other side greed is the best fuel to make it go viral. Effective combination.

Do you think Satoshi created Bitcoin to "make money"?

Strange assertion coming from someone who despises (and rightfully does so IMO) scamcoins. Normally those who admit being into BTC just to make money are very much into alts pump and dumps.

Excellent point, never thought of it like that. Goes into my btc quotes file.

samurai1200

sr. member

Activity: 303

Merit: 250

Quote from: cAPSLOCK on December 18, 2013, 06:30:15 PM

Meh... I think bitcoin is pretty special too but every speculative bubble investment has a hoarde of robe wearing, chanting, tambourine waving converts. Bitcoin is no different. Also there will always be grumpy naysaying, conspiracy seeing bears too.

But the ones who turn from group A to group B are by FAR the most intolerable thing imaginable.

And to bring this post on topic:

When you see the membership of group C starting to peak... We are finding a bottom.

PS. Yeah… I know that's mostly bs up there, but I've seen it be true many times before.

If A = speculators and B = conspira-bears, who is group C? Converts?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Meh... I think bitcoin is pretty special too but every speculative bubble investment has a hoarde of robe wearing, chanting, tambourine waving converts. Bitcoin is no different. Also there will always be grumpy naysaying, conspiracy seeing bears too.

But the ones who turn from group A to group B are by FAR the most intolerable thing imaginable.

And to bring this post on topic:

When you see the membership of group C starting to peak... We are finding a bottom.

PS. Yeah… I know that's mostly bs up there, but I've seen it be true many times before.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: N12 on December 18, 2013, 10:25:30 AM

Quote from: oda.krell on December 18, 2013, 10:23:10 AM

So stop "arguing" with the market, and stop dividing investors and traders into "weak" vs."strong" hands, because you sound like cultists when you do.

They ARE cultists. Bitcoin cultists. They don't want to make money, they want to be right.

Yes, some of us have a very pronounced "cultist" side regarding Bitcoin, and we are not in it only for the fiat profits.

Probably that's one of the things that make Bitcoin so resilient, while on the other side greed is the best fuel to make it go viral. Effective combination.

Do you think Satoshi created Bitcoin to "make money"?

Strange assertion coming from someone who despises (and rightfully does so IMO) scamcoins. Normally those who admit being into BTC just to make money are very much into alts pump and dumps.

Topic: Analysis - page 287. (Read 941596 times)