OMG Double Top | Bitcointalksearch.org

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: mvidetto on November 12, 2013, 11:16:22 PM

Quote from: pand70 on November 12, 2013, 09:23:22 PM

Quote from: johncarpe64 on November 12, 2013, 09:19:09 PM

double top means its going to crash right?

If it means anything at all then yes usually it goes down from there...

Couldn't it be argued that it is actually a cup and the handle will come soon and be a bear trap?

I dont think cups can form that quickly and be considered valid; not sure though.

antimattercrusader

sr. member

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lmao. That is all.

mvidetto

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Quote from: pand70 on November 12, 2013, 09:23:22 PM

Quote from: johncarpe64 on November 12, 2013, 09:19:09 PM

double top means its going to crash right?

If it means anything at all then yes usually it goes down from there...

Couldn't it be argued that it is actually a cup and the handle will come soon and be a bear trap?

fleabag

member

Activity: 98

Merit: 10

Shorts played the text book "dead cat bounce" just by looking at how quick it rebounded.

pand70

sr. member

Activity: 476

Merit: 250

Quote from: johncarpe64 on November 12, 2013, 09:19:09 PM

double top means its going to crash right?

If it means anything at all then yes usually it goes down from there...

johncarpe64

sr. member

Activity: 420

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double top means its going to crash right?

MaxBTC1

newbie

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Bull trap bull trap get out get outttt

fleabag

member

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Merit: 10

Bear raid.

pand70

sr. member

Activity: 476

Merit: 250

Quote from: windjc on November 12, 2013, 04:43:26 PM

But in all honesty, I do not believe these technicals matter for more than a handful of hours when it comes to Bitcoin.

With so many day traders and speculators? I think they matter.

mvidetto

sr. member

Activity: 462

Merit: 250

Quote from: SheHadMANHands on November 12, 2013, 08:25:01 PM

Quote from: Skybits on November 12, 2013, 07:57:37 PM

I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.

Reality: Not happening. We saw our healthy correction already (with up to 30% dip).

And didn't you see the double apple bottom?

Basically, were moving into wave 5 most likely, the last and most powerful wave of the uptrend.

SheHadMANHands

legendary

Activity: 1168

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Quote from: Skybits on November 12, 2013, 07:57:37 PM

I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.

Reality: Not happening. We saw our healthy correction already (with up to 30% dip).

And didn't you see the double apple bottom?

Skybits

newbie

Activity: 12

Merit: 0

I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.

seleme

legendary

Activity: 2772

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Duelbits.com

200 is exactly where I would want it in this round Grin

Though I'm not sure anymore...

mvidetto

sr. member

Activity: 462

Merit: 250

Quote from: kireinaha on November 12, 2013, 04:47:13 PM

Everyone is testing the ceiling and anticipating a large sell off soon, that's all that's happening. People are beginning to learn from past bubbles. We'll probably push it up a little further this week before crashing it down by weekend.

But since so many people see this coming, even if it does bottom out I can't see it going below $200 again.

Walsoraj

hero member

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Ultranode

Single digits by friday Tongue

kireinaha

sr. member

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Everyone is testing the ceiling and anticipating a large sell off soon, that's all that's happening. People are beginning to learn from past bubbles. We'll probably push it up a little further this week before crashing it down by weekend.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: sgbett on November 12, 2013, 04:31:14 PM

OH NOES! Somebody has painted a double top picture on the chart, sell everything!!!! *

(* By sell everything I mean, all your dollars, cos if somebody is trying this hard to make it look like you should sell BTC, then I would really consider doing the opposite)

But that's just advice man. Do whatever the f*ck you wanna do! (courtesy of hodge twins)

Thats not a double top. That's a lower high. Both are bearish, but a lower high is not as bearish.

But in all honesty, I do not believe these technicals matter for more than a handful of hours when it comes to Bitcoin.

Birdy

sr. member

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You could also call it a cliffhanger.

Alty

hero member

Activity: 714

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RISE Project Manager

Is it going to break upwards?

Is it going into reverse?

Is it going to stabilize for a few minutes, or perhaps longer?

Find out.......... later

sgbett

legendary

Activity: 2576

Merit: 1087

OH NOES! Somebody has painted a double top picture on the chart, sell everything!!!! *

(* By sell everything I mean, all your dollars, cos if somebody is trying this hard to make it look like you should sell BTC, then I would really consider doing the opposite)

But that's just advice man. Do whatever the f*ck you wanna do! (courtesy of hodge twins)

Topic: OMG Double Top (Read 1838 times)