Topic: Analysis - page 327. (Read 941563 times)
we have a strong support in this triangle.
This is case of break down. Break up also possible, but I see weekly upper BB right above current price. Very hard resistance.
Triangles... Everywhere
So the breakout from the blue triangle is downward?
Triangles... Everywhere
http://www.bloomberg.com/news/2013-09-18/fed-refrains-from-qe-taper-keeps-bond-buying-at-85-bln.html
Catch another $85 bln of paper =) What a kind uncle Ben...
Catch another $85 bln of paper =) What a kind uncle Ben...
I will join bears if it break (down) $64. Pullback down to $80 is safe. Meanwhile there is no room to move up, as upper BB there.
We might be talking about different types of bulls and bears. If $115 breaks, I'm looking at medium-term (3-to-6-months) bearish. Ultimately, I am long-term bull on bitcoin unless a disruptive technology comes along.
I will join bears if it break (down) $64. Pullback down to $80 is safe. Meanwhile there is no room to move up, as upper BB there. Only new bubble conditions.
So I conslude here is either new bubble start or $100 retest. And I doubt about first.
So I conslude here is either new bubble start or $100 retest. And I doubt about first.
but if happen breaking through down $ 115, i join to bears.
+1, agreed
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I dont think the green lower line of the wedge is placed well: the market now is too different from pre-bubble, and the candles only touch twice since then... probably coincidentally. I dont mean to sound argumentative or accusatory, but how much do you trust in that line?
I would glad buy on $ 115,on that level many things converge, but afraid that will not happen, probably will unfold before that. We have a bullish market.., but if happen breaking through down $ 115, i join to bears.
His target on inverse H&S neckline. This has sense.
I dont think the green lower line of the wedge is placed well: the market now is too different from pre-bubble, and the candles only touch twice since then... probably coincidentally. I dont mean to sound argumentative or accusatory, but how much do you trust in that line?
in case of "pong", i dont think we will fall below $ 114.8
Announces, lol.
Haha, gotta eat my word. My thought is they already announced it when they had a press release regarding the USD withdrawal issue. Not to mention funds seizure. I know it's dying already, but at some point it will be in a press release "MT GOX CLOSING DOORS DUE TO XYZ"
pretty much. We can draw all the pretty lines we want, but it all means nothing when there is a fundamental issue of such proportions that it completely distorts the price. "Normal" market behavior goes out the window in these circumstances.
This is the exact reason I'm sitting on the sidelines right now. Emotions controlled me for a little bit and made me lose more than I should have, but I'm waiting to see the market return to normal behavior. All I see is the 70's arcade game PONG being played with real money... and that's not the type of game I'd put money on.
so, it will go up the longer that gox is around...and as soon as gox announces its shutting down it will plummet?
sounds like a plan to me.
sounds like a plan to me.
pretty much. We can draw all the pretty lines we want, but it all means nothing when there is a fundamental issue of such proportions that it completely distorts the price. "Normal" market behavior goes out the window in these circumstances.
so, it will go up the longer that gox is around...and as soon as gox announces its shutting down it will plummet?
sounds like a plan to me.
sounds like a plan to me.
Announces, lol.
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Sure, but seems that bid side on mtGox is air. So... Overvalued.
It always has been, and now game continues. Main manipulator (Mtgox) works well. This has a positive effect on the development of the whole bitcoin-industry. I think not so simple in gox situation..not bury him ahead of time.
so, it will go up the longer that gox is around...and as soon as gox announces its shutting down it will plummet?
sounds like a plan to me.
sounds like a plan to me.
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MtGOX is bankrupt.
Does not matter, while people are calm and everyone can withdraw money through bitstamp (the "ecosystem" works). "Blind faith of people" - is a strong thing.. world economics is based on this (US FRS as example). F*ck dollars, i wanna more coins now, and buy a palace in Abu Dhabi (after some years)! We will get it! 
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MtGOX is bankrupt.
Does not matter, while people are calm and everyone can withdraw money through bitstamp (the "ecosystem" works). "Blind faith of people" - is a strong thing.. world economics is based on this (US FRS as example). F*ck dollars, i wanna more coins now, and buy a palace in Abu Dhabi (after some years)! We will get it! I think - if it is a "pong" , then the price below $ 100 is possible only if suddenly there is a negative fundamental factor (something be happen with bitstamp or another trouble with withdrawal of cash), because we have a good bullish trend, and 100-110 is very strong levels.
I am surprised how people are denying to figure out that we are in epicenter of biggest Bitcoin shitstorm ever.AFAIK from this topic https://bitcointalk.org/index.php?topic=179586.1400 MtGOX is bankrupt. The one thing keeping them in distance from bankruptcy status - is a lack of regulations and blind faith of people.
5 millions here (Dwolla), 5 millions there (Coinalabs) - it really looks like MtGox is bleeding
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