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Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 109. (Read 540250 times)

legendary
Activity: 2198
Merit: 1311
We're seeing a rebound after a two day selloff with big volume on both days. I would wait to see how it ends on the day just in case its a dead cat bounce. Then I might consider an entry.

I took some nice profits on the way down at 16 and then again at 15.  I told myself I was just going to take the money and be happy, but I might put some back in if we get a dead cat bounce, which looks plausible.
jr. member
Activity: 74
Merit: 1
We're seeing a rebound after a two day selloff with big volume on both days. I would wait to see how it ends on the day just in case its a dead cat bounce. Then I might consider an entry.
newbie
Activity: 26
Merit: 0
The periodic postings here and at http://blog.bitcoinwatch.com/ are interesting - thanks!  But I'd like to understand the theory behind them and the choice of technical indicators.  I have found the StackExchange-based Q&A sites to be a lot of fun to use and very good at helping an expert community achieve and share consensus on interesting questions, so I asked this question:

What technical indicators might be appropriate for analyzing Bitcoin currency trading? - Personal Finance and Money - Stack Exchange

Please share your insights - thanks!
hero member
Activity: 686
Merit: 501
Stephen Reed
As I write this post, Mt Gox has dropped $3 from about $15.5 to $12.5 in a little over a day.  And it looks like this price action is confined to a channel.  If there is no breakout from the channel, we will be at the $1 price level in only 5 days.

Slow down there.  That's the same reasoning people were using to predict that we'd be at $100 by the end of June.

Agreed,I believe the channel will have a breakout, to at least a pause soon.
legendary
Activity: 2198
Merit: 1311
As I write this post, Mt Gox has dropped $3 from about $15.5 to $12.5 in a little over a day.  And it looks like this price action is confined to a channel.  If there is no breakout from the channel, we will be at the $1 price level in only 5 days.

Slow down there.  That's the same reasoning people were using to predict that we'd be at $100 by the end of June.
hero member
Activity: 686
Merit: 501
Stephen Reed
As I write this post, Mt Gox has dropped $3 from about $15.5 to $12.5 in a little over a day.  And it looks like this price action is confined to a channel.  If there is no breakout from the channel, we will be at the $1 price level in only 5 days.
sr. member
Activity: 292
Merit: 250
Apparently I inspired this image.
Down, IMO. Hope it doesn't break 10.
hero member
Activity: 551
Merit: 500
full member
Activity: 210
Merit: 100

Actually I can't vote this time. Not sure it's been reset.

Same here.
sr. member
Activity: 292
Merit: 250
Apparently I inspired this image.
I think something's wrong with the poll.  It always says the majority thinks we're going up.  Grin

Actually I can't vote this time. Not sure it's been reset.
hero member
Activity: 812
Merit: 1001
-
I think something's wrong with the poll.  It always says the majority thinks we're going up.  Grin

relax, S3052 is simply harvesting sentiment data.
legendary
Activity: 2198
Merit: 1311
I think something's wrong with the poll.  It always says the majority thinks we're going up.  Grin
legendary
Activity: 2100
Merit: 1000
I have reset the poll.

Vote now.

Up
Down
Same?

sr. member
Activity: 490
Merit: 250
I just posted a brief technical update on bitcoinwatch.
As forecasted in my subscri :Pption service, trend is down and BTCUSD is in a midterm bear market. 

Here.

Thanks for the analysis.
legendary
Activity: 2100
Merit: 1000
I just posted a brief technical update on bitcoinwatch.
As forecasted in my subscri :Pption service, trend is down and BTCUSD is in a midterm bear market. 
full member
Activity: 158
Merit: 100
aquí dice algo personal.
Hi everyone.

Maybe the price goes down because the people are investing and try to get money off. I really hate the "free market" when this things happens.
How they can sustain the price as high as it is now?
zby
legendary
Activity: 1594
Merit: 1001
And now it is back there - but does not look like a manipulation because at 16.5 it is hardly visible on the aggregated charts.
legendary
Activity: 1036
Merit: 1002
To me it seems like someone trying to stimulate others to buy. (when i used to have 1000's of usd sitting i'd just play dark bids). Might be someone who wants to dump a larger sum.

There are no dark orders anymore. But, you may still be right: sellers always reacted slowly so far, it might be profitable to do a "scare" order to sell at higher prices and pull it when prices close in.

However, we have very little volume, so I somewhat doubt it. It would make more sense for a daytrader, who estimated price above his bid anyways and wants to make profit in an upwards spike with his remaining coins. Yet, more likely, it's someone who sold at a higher price and would buy back in if it drops. (Price estimator kind of person)

The really important question IMO is whether the funds were newly added or come from Bitcoin sales. If they come from old sales, they will run out at some time and cease to play an important role; if they were newly added, more might come the same way.
full member
Activity: 210
Merit: 100

Anyone has seen what happened with that 6K buy order?  I have not seen big buys - so I think it is safe to assume that this money is still there waiting.

To me it seems like someone trying to stimulate others to buy. (when i used to have 1000's of usd sitting i'd just play dark bids). Might be someone who wants to dump a larger sum.
zby
legendary
Activity: 1594
Merit: 1001

Anyone has seen what happened with that 6K buy order?  I have not seen big buys - so I think it is safe to assume that this money is still there waiting.
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