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Topic: I'm calling a bottom too (Read 2140 times)

legendary
Activity: 2198
Merit: 1311
February 16, 2012, 10:10:06 PM
#21
I guess everyone's watching the show...
newbie
Activity: 19
Merit: 0
February 16, 2012, 10:01:27 PM
#20
let's see what happens...
sr. member
Activity: 321
Merit: 250
Bitbuy.nl!
February 16, 2012, 10:00:10 PM
#19
I think panic buying is a shitty term, but it could be applicable the upcoming 24h..
legendary
Activity: 2198
Merit: 1311
February 16, 2012, 09:56:18 PM
#18
There's just very little ask depth to cover the demand of mid/longtermbulls who shorted the way down and are planning to reverse their positions.

Curious to see what will happen. Smiley

I'm going to go out on a limb here and guess that a few of those people aren't going to get back all the bitcoins they started with.
sr. member
Activity: 321
Merit: 250
Bitbuy.nl!
February 16, 2012, 09:54:36 PM
#17
There's just very little ask depth to cover the demand of mid/longtermbulls who shorted the way down and are planning to reverse their positions.

Curious to see what will happen. Smiley
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
February 16, 2012, 09:50:43 PM
#16
Up we go! Cheesy
donator
Activity: 1218
Merit: 1015
February 16, 2012, 09:40:29 PM
#15
Liquidated my short. Let's go!
Weeeeeeeeeeeeeeeeeeeee!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
February 16, 2012, 08:03:43 PM
#14
I've got my bitcoins.  Let's go.
Weekend, trading back in the mid 5s: "Everything went better than expected." Grin

that would be impressive.. i expect a high of 4.8 and cash below 4$ this weekend

legendary
Activity: 1008
Merit: 1000
February 16, 2012, 07:58:24 PM
#13
I've got my bitcoins.  Let's go.
Weekend, trading back in the mid 5s: "Everything went better than expected." Grin

Mid 5's = Everything went better than expected???

I'd say over 7 = Everything went better than expected!
N12
donator
Activity: 1610
Merit: 1010
February 16, 2012, 07:55:40 PM
#12
I've got my bitcoins.  Let's go.
Weekend, trading back in the mid 5s: "Everything went better than expected." Grin
legendary
Activity: 2198
Merit: 1311
February 16, 2012, 07:47:58 PM
#11
Let me add a few things.

  • historical volumes
  • 6 closed red daily candles consecutively
  • S3052 subscribers still waiting for a low which will not come (at least not this weekend)

ENJOY THE WEEKEND RALLY, BROS!

I've got my bitcoins.  Let's go.
N12
donator
Activity: 1610
Merit: 1010
February 16, 2012, 07:14:16 PM
#10
Let me add a few things.

  • historical volumes
  • 6 closed red daily candles consecutively
  • S3052 subscribers still waiting for a low which will not come (at least not this weekend)

ENJOY THE WEEKEND RALLY, BROS!
legendary
Activity: 1904
Merit: 1002
February 16, 2012, 07:01:25 PM
#9
I believe this is called a "bull trap."

I hope you meant "bear trap," because bull traps don't go down.....

I'm calling it a bull trap because as soon as the price gets high enough it will be zapped with a 6-10k sell off.  Bull. trap.

Thats Bull Crap  Tongue

Oh no!  A 10k sell off all the way down to .... $4.1.
legendary
Activity: 1022
Merit: 1001
February 16, 2012, 06:43:19 PM
#8
I believe this is called a "bull trap."

I hope you meant "bear trap," because bull traps don't go down.....

I'm calling it a bull trap because as soon as the price gets high enough it will be zapped with a 6-10k sell off.  Bull. trap.

Thats Bull Crap  Tongue
donator
Activity: 1218
Merit: 1015
February 16, 2012, 06:36:16 PM
#7
Liquidated my short. Let's go!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
February 16, 2012, 06:32:58 PM
#6
I believe this is called a "bull trap."

I hope you meant "bear trap," because bull traps don't go down.....

I'm calling it a bull trap because as soon as the price gets high enough it will be zapped with a 6-10k sell off.  Bull. trap.

that was last weeks game
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
February 16, 2012, 06:08:45 PM
#5
I believe this is called a "bull trap."

I hope you meant "bear trap," because bull traps don't go down.....
Bro
full member
Activity: 218
Merit: 100
February 16, 2012, 06:07:47 PM
#4
Nice Fibonacci bro

I think so too btw.
legendary
Activity: 1904
Merit: 1002
February 16, 2012, 06:04:59 PM
#3
I agree, but I believe retracements are calculated with the start of the rally as the base.  So with the current price of 4.28, we are at 56.15%.  That also makes 50% $4.6 and 61.8% is $3.9864.  $3.88 would be 63.8%.
legendary
Activity: 1022
Merit: 1001
February 16, 2012, 06:02:14 PM
#2
I think we could see a short term move up but I predict it will happen after the weekend (and after a weekend dip) if it happens at all. Longer term the outlook still looks bleak (in my opinion).
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