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Topic: double ramp? (Read 2500 times)

sr. member
Activity: 448
Merit: 250
this statement is false
March 31, 2012, 02:19:16 AM
#22
the ask side is just withering away.  pathetic.

remember the asks when we jumped $5 new years? looked very much like this. and we just saw another bullish breakout. new highs at $4.94. let's get this rocket off the ground!
legendary
Activity: 1764
Merit: 1002
March 30, 2012, 11:35:53 PM
#21
the ask side is just withering away.  pathetic.
sr. member
Activity: 448
Merit: 250
this statement is false
March 30, 2012, 10:33:59 PM
#20
so back to before the thread got hijacked... everyone keeping an eye on the price? since the OP, the RSI consolidated into a descending triangle with the recent price movement to $4.90 appearing like a bullish breakout. still have yet to see overbought on the RSI, which is very good. we have much further up to go.

MFI also consolidating since the OP with a bullish breakout, no red red overbought yet. all of these things are perfectly in line with my prediction, as well as very bullish indicators. I'm already sitting on 1/3% returns on a very highly leveraged position, i hope you guys heeded my advice and are doing as well if not better.

lastly, CCI peaked a second time into overbought but still is unbalanced due to some extreme oversold incidents during the drop from $5.30 to $4.40.

the rocket ain't so secret anymore
hero member
Activity: 532
Merit: 500
March 29, 2012, 02:27:02 PM
#19
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.

Based on what...your reckless long position? It sure sounds like gambling.

Furthermore, why are you flaunting your long position like this? You can only hurt yourself by posting this type of information here

Word.
hero member
Activity: 602
Merit: 508
Firstbits: 1waspoza
March 29, 2012, 04:06:06 AM
#18
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.

Based on what...your reckless long position? It sure sounds like gambling.

Furthermore, why are you flaunting your long position like this? You can only hurt yourself by posting this type of information here

He's taunting the big fish, cuz in reality he's short, and he need help to bring that wall down.
legendary
Activity: 1526
Merit: 1001
March 29, 2012, 12:32:24 AM
#17
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.

Based on what...your reckless long position? It sure sounds like gambling.

Furthermore, why are you flaunting your long position like this? You can only hurt yourself by posting this type of information here
+1

Check yourself before you wreck yourself Wink

I heard somewhere "it's very bad for your health!"
legendary
Activity: 1904
Merit: 1002
March 28, 2012, 11:50:42 PM
#16
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.

Based on what...your reckless long position? It sure sounds like gambling.

Furthermore, why are you flaunting your long position like this? You can only hurt yourself by posting this type of information here
+1

Check yourself before you wreck yourself Wink
hero member
Activity: 532
Merit: 500
March 28, 2012, 11:31:35 PM
#15
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.

Based on what...your reckless long position? It sure sounds like gambling.

Furthermore, why are you flaunting your long position like this? You can only hurt yourself by posting this type of information here
hero member
Activity: 532
Merit: 500
March 28, 2012, 11:10:03 PM
#14
The longer we sit in a flat trading range, the more likely it is that we could break out to the downside, despite the oversold.

disagree. the massive support is allowing a ton of selling pressure to be relieved without affecting the price much. pretty soon the only thing left to do will be buy buy buy. dare i say -- is everyone ready for the rocket?

selling pressure keeps getting relieved and coming back. The H4 chart suggests the little rally may run out of gas soon. H1 chart makes me think it's over already. I still expect we have to go down some to go up, but up is the way.
Jon
donator
Activity: 98
Merit: 12
No Gods; No Masters; Only You
March 28, 2012, 10:54:14 PM
#13
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 28, 2012, 10:51:49 PM
#12
The longer we sit in a flat trading range, the more likely it is that we could break out to the downside, despite the oversold.

disagree. the massive support is allowing a ton of selling pressure to be relieved without affecting the price much. pretty soon the only thing left to do will be buy buy buy. dare i say -- is everyone ready for the rocket?

i was born ready!

i will not sell below 8$... then i will buy back quickly at 6.40 for the real rocket  Wink

lol
sr. member
Activity: 448
Merit: 250
this statement is false
March 28, 2012, 09:37:36 PM
#11
The longer we sit in a flat trading range, the more likely it is that we could break out to the downside, despite the oversold.

disagree. the massive support is allowing a ton of selling pressure to be relieved without affecting the price much. pretty soon the only thing left to do will be buy buy buy. dare i say -- is everyone ready for the rocket?
hero member
Activity: 532
Merit: 500
March 28, 2012, 02:23:18 PM
#10
Something is for sure in the works.

We're still sitting right in the middle of oversold territory. I don't mind sitting here for a while though as I believe that the longer we sit here the more massive a breakout we'll see.

The longer we sit in a flat trading range, the more likely it is that we could break out to the downside, despite the oversold. There are a bunch of bots (and live traders) using Donchian channel breakouts - a steady bottom for 20 bars and a carefully placed good sized market sell, and we'll go down, likely to the support wall we see at $4.60. (however, if there is such a manipulator with that sizable sell, I suspect they're still looking for the upside profits from using that trick the other day!)

The Interest Rates page at bitcoinica suggests a good deal of short interest, but I've noticed that fluctuating pretty rapidly today.

However, by my count, there's probably one more wave to the upside on the H4 chart, with the MACD & RSI both suggesting the same. I'm pretty bullish to the upper resistance at around $4.90ish. While I'd like to see it break out there, which would suggest upside potential of $5.40 or so, I'm not gonna hold my breath waiting for it Smiley

Once that wave occurs, and corrects, we'll have to see where the price really takes us. I wouldn't mind seeing a nice 30-40 cent range $4.55-$4.95 or so - it's damn near impossible to do anything on the shorter Timeframe charts with bitcoinica's spread.




hero member
Activity: 1138
Merit: 523
March 28, 2012, 12:17:02 PM
#9
Something is for sure in the works.

We're still sitting right in the middle of oversold territory. I don't mind sitting here for a while though as I believe that the longer we sit here the more massive a breakout we'll see.
legendary
Activity: 1904
Merit: 1002
March 28, 2012, 10:31:40 AM
#8
Just keep duking it out... My bot has been dampening bot is making bank for me while I'm on spring break.
hero member
Activity: 486
Merit: 500
March 28, 2012, 10:14:34 AM
#7
The last recent test above 4.90 showed weakness and sold off, let see if 4.90 holds and we go lower, problem with that is we are still oversold, I don't mind a new trading range before we go higher
sr. member
Activity: 448
Merit: 250
this statement is false
March 28, 2012, 06:32:28 AM
#6
^ No, they do. Also they are not even rules.

arepo, is this the secret rocket thing again? Huh It didn’t work out so well the last five or ten times.

this has no relation to the 'secret rocket thing'. all of my analyses are objective and independent.
N12
donator
Activity: 1610
Merit: 1010
March 28, 2012, 06:28:54 AM
#5
^ No, they do. Also they are not even rules.

arepo, is this the secret rocket thing again? Huh It didn’t work out so well the last five or ten times.
hero member
Activity: 616
Merit: 502
March 28, 2012, 06:13:12 AM
#4
so far the rocket dint take off, ppl who did buy at 4.65 can sell and get 0.15 per bitcoin i hope they go out before we go down Smiley
Wouldn't you want the rally to be successful (rather, unsustainable) so you can make more when you short?
A: no

the price wont go UP ppl see the wall and know the effects this wall have
You already went short?!
haha!! no comment  Grin
donator
Activity: 1218
Merit: 1015
March 28, 2012, 05:38:11 AM
#3
so far the rocket dint take off, ppl who did buy at 4.65 can sell and get 0.15 per bitcoin i hope they go out before we go down Smiley
Wouldn't you want the rally to be successful (rather, unsustainable) so you can make more when you short?
A: no

the price wont go UP ppl see the wall and know the effects this wall have
You already went short?!
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