Topic: It's looking a bit bearish right now - page 2. (Read 4337 times)
It's looking a bit bearish right now
It's because you are looking at the wrong chart. Try turning on log:
Perfect bounce.
How can anyone possibly say this looks bearish?
https://i.imgur.com/9QDVD.png
https://i.imgur.com/9QDVD.png
6 to it, 14 through it. 33 to infinity and beyond.
The only way there are hidden asks is if they are on Bitcoinica. I see 5K right around there and that seems pretty strong to me. a 20k buy would smash through 7.20 though and we would be off to new highs.
Have you retracted your original hypothesis in this thread yet?
Have you retracted your original hypothesis in this thread yet?
Remember that many people hesitate to place an order before market reaches certain contitions, for the sole purpose of not telling to the world what their intentions are.
The only way there are hidden asks is if they are on Bitcoinica. I see 5K right around there and that seems pretty strong to me. a 20k buy would smash through 7.20 though and we would be off to new highs.
Have you retracted your original hypothesis in this thread yet?
Have you retracted your original hypothesis in this thread yet?
Only 22k bearish BTC left below $7.20...
Edit 20k
Edit 20k
Do you really think that's for realz?
i think their is way more then 20K asks at 7.20, we dont seem them because they dont want to be seen
a sneak attack!
Only 22k bearish BTC left below $7.20...
Edit 20k
Edit 20k
Do you really think that's for realz?
Only 22k bearish BTC left below $7.20...
Edit 20k
Edit 20k
Do you really think that's for realz?
Is this the real life or is this just fantasy?
Only 22k bearish BTC left below $7.20...
Edit 20k
Edit 20k
I think this analysis is flawed. The crash stopped at $6.2 and now the bulls have reinforced their positions to the point where the asks look puny in comparison. We will at least test higher levels before another drop is a possibility. Currently the buyers are simply waiting for the sign, when it comes we will test at least $7.2.
You have been posting similar opinions all the way down since August to November, you started to be a bit more cautious just when it was about to bounce back from the bottom at 2.
Ever watch actual mud/land slides video?
Its like a slow moving one watching mtgox live..
The bid/ground is being saturated with rain, and about to let loose on the bottom..
Its like a slow moving one watching mtgox live..
The bid/ground is being saturated with rain, and about to let loose on the bottom..
I don't see it. There are a lot of bids, to be sure ($1.24 million worth right now), but I don't see any giant bid walls going up.
I see 15k BTC of new bids in the mid $6 range.
Oh, yep. $1.26 million in bids now.
I don't see it. There are a lot of bids, to be sure ($1.24 million worth right now), but I don't see any giant bid walls going up.
I see 15k BTC of new bids in the mid $6 range.
I don't see it. There are a lot of bids, to be sure ($1.24 million worth right now), but I don't see any giant bid walls going up.
Yeee haaaaa!
Shit, shit! Bidwalls going up!
We just failed to hit new lows in this wave so the crash is cancelled. Continue on with the current price range.
This is similar behavior we had around 4 on our way up to 7. There is always the possibility we are about to launch to $11.
This is similar behavior we had around 4 on our way up to 7. There is always the possibility we are about to launch to $11.
We didn't have similar behavior at $4. The technicals weren't as weak back then as now, and the bullish wedge was much more visible.
$7.2->$9 is entirely possible, but right now I'm slightly bearish. Both bears and bulls are waiting for confirmation at this point.
I think this analysis is flawed. The crash stopped at $6.2 and now the bulls have reinforced their positions to the point where the asks look puny in comparison. We will at least test higher levels before another drop is a possibility. Currently the buyers are simply waiting for the sign, when it comes we will test at least $7.2.
I agree that we could easily go either way... it only takes one more spike to invalidate my hypothesis. It also takes one profit taker to confirm my hypothesis.
Right now, I'll stay cautiously bearish until further confirmation. I am taking no position on Bitcoinica and I do not recommend shorting with leverage.
edit: Just noticed another head and shoulders... except bullish. Current situation is damn confusing.
I have a buy order for 9BTC at 6.27 if we head that low but it is looking less and less likely. I am sure I am like many other people who sold some coins in that I plan to buy more if they go down. This adds support and the longer we stay above $6 the firmer the support will become. I would welcome a temporary drop just for buying just like so many here.
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