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Topic: Bitcoincharts: Three months since we've had a red week. (Read 4477 times)

8up
hero member
Activity: 618
Merit: 500
bump for comparison.  Wink

We have to go a lot deeper to land a red weekly candle.




we're not there yet. Wink

btw. the small mid 2012 reads like a script for the current market behaviour. MMM back then was known as pirate.  Wink
legendary
Activity: 1458
Merit: 1006
bump for comparison.  Wink

We have to go a lot deeper to land a red weekly candle.


8up
hero member
Activity: 618
Merit: 500
bump for comparison.  Wink
legendary
Activity: 1458
Merit: 1006

RED RED RED RED blackhawk down! HAHAHAHAHAHAHA

420
hero member
Activity: 756
Merit: 500
full member
Activity: 350
Merit: 100
420
hero member
Activity: 756
Merit: 500
legendary
Activity: 2408
Merit: 1121
Just draw a trendline on the weekly and stick to it until it is broken. Anything beyond that is sheer folly.
hero member
Activity: 1652
Merit: 569
Catalog Websites
ITS GREEN!
legendary
Activity: 1050
Merit: 1000
Currently there is continuing bitcoin exposure out there. It's just amazing how much attention Bitcoin is getting at the moment. Politicians are talking about alternative currencies in US and UK mentioning bitcoin, one US state representative has started accepting donations in bitcoin; one VC is engaged in public discussion and gauging interest. People discussing SR report all over the internet. And there is Bitcoinica case too.

With all this going on I'd say correction is out of picture for the time being. Especially while speculation is not overly optimistic (yet) =)
hero member
Activity: 784
Merit: 1000
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley


Wasn't proudhon supposed to take down the bear at $8+?

Looks like someone who can't keep his word to me.
He couldn't do that now that the bear is all over him, when he made the promise, his soul still retained control of a small part of him. Cheesy
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley


Wasn't proudhon supposed to take down the bear at $8+?

Looks like someone who can't keep his word to me.
full member
Activity: 350
Merit: 100
correction coming soon?

Afraid of being left behind?
420
hero member
Activity: 756
Merit: 500
correction coming soon?
sr. member
Activity: 434
Merit: 251


13th week  Shocked Grin
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
Will you drop the bear at $12 and don some horns?

aq
full member
Activity: 238
Merit: 100
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley
He even promised that he will drop the bear, once we get over $8. So much about credibility Cheesy
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley
legendary
Activity: 2198
Merit: 1311
It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.
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