RALLY! - page 11. | Bitcointalksearch.org

Technomage

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Affordable Physical Bitcoins - Denarium.com

Quote from: N12 on March 05, 2012, 01:06:48 PM

Not official, official will be if it CLOSES above. And that’s just one indicator.

True enough. My view is not based on just this indicator though, to me this was already obvious. Bitcoin price has shown very strong resilience after the hacks which is so impressive that the price literally has no other direction than up.

Current situation warrants speculation that we might not be seeing prices below $5 after this week. Not in a very long time, possibly not ever again (with the exception of Bitcoin dieing for some reason).

The first sign of Bitcoin's resilience was its comeback in December, this is round 2 which will further solidify that it's here to stay.

notme

legendary

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Quote from: N12 on March 05, 2012, 01:06:48 PM

Quote from: Technomage on March 05, 2012, 01:02:41 PM

The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board.

Not official, official will be if it CLOSES above. And that’s just one indicator.

+1

Plus, up now isn't as good for a long term rally as down would be. Solidifying the support is needed before we can see significantly higher highs for the year.

N12

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Quote from: Technomage on March 05, 2012, 01:02:41 PM

The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board.

Not official, official will be if it CLOSES above. And that’s just one indicator.

Technomage

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Affordable Physical Bitcoins - Denarium.com

The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board. This doesn't mean that we go to the moon next but it means that the downtrend is over.

Very interesting times ahead.

proudhon

legendary

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I'm watching from the sidelines.

jojo69

legendary

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diamond-handed zealot

c'mon guys, where is everybody?

WOOOHOOOOOOOO!!!!!!

deepceleron

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Actual chart porn: On-Balance Volume

BTCurious

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^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: maxll on February 26, 2012, 03:58:15 PM

Quote from: S3052 on February 26, 2012, 02:48:23 PM

as expected in the short term update, at least a small rally is underway

Where is it now? ) Cant see any mini-rally.

You know, there was a market sale, and then a market buy. So that's an increase in mtgoxlast by the bid-ask-spread. RALLY!

Electricbees

sr. member

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We are bees, and we hate you.

Quote from: maxll on February 26, 2012, 03:58:15 PM

Quote from: S3052 on February 26, 2012, 02:48:23 PM

as expected in the short term update, at least a small rally is underway

Where is it now? ) Cant see any mini-rally.

That's because you need a magnifying glass to see this so-called rally everyone's so excited about... Grin

maxll

legendary

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Quote from: S3052 on February 26, 2012, 02:48:23 PM

as expected in the short term update, at least a small rally is underway

Where is it now? ) Cant see any mini-rally.

S3052

legendary

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as expected in the short term update, at least a small rally is underway

RicePicker

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RicePicker

Quote from: FlipPro on February 26, 2012, 02:46:52 AM

THE FUNDAMENTALS ARE STRONG!!!!

$10 HERE WE COME

CRASH! SELL SELL SELL!

FlipPro

legendary

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THE FUNDAMENTALS ARE STRONG!!!!

$10 HERE WE COME

cbeast

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Let's talk governance, lipstick, and pigs.

teflone

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You're fat, because you dont have any pics on FB

Quote from: proudhon on February 25, 2012, 05:49:47 PM

Ok, for the first time in a while I've started the process of getting new money into MtGox. Hopefully it's in there by late Monday/early Tuesday, and hopefully prices don't shoot up in the meantime. The last time I sent a significant amount of money to MtGox the price more than doubled in the time between when I began the process and when the money was available in MtGox.

BUY BUY BUY!!! new indicator!

proudhon

legendary

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Ok, for the first time in a while I've started the process of getting new money into MtGox. Hopefully it's in there by late Monday/early Tuesday, and hopefully prices don't shoot up in the meantime. The last time I sent a significant amount of money to MtGox the price more than doubled in the time between when I began the process and when the money was available in MtGox.

trogdorjw73

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Quote from: proudhon on February 25, 2012, 04:08:22 PM

The predictability of the weekend effect is getting obnoxious.

Starting Saturday morning and ending Monday morning, here's the past month. I'll also include the "work week" in between so we can see how it compares.

Jan 28-30: Price increased slightly, with a spike upwards initially followed by a drop back to just above the starting point. About a $0.20 increase over the weekend.

Jan 30-Feb 4: Major rally, ending up about $0.70.

Feb 4-6: Definite downward trend, dropping ~$0.40 over the weekend

Feb 6-11: Slight increase over the week, ending up about $0.15.

Feb 11-13: A major drop of around $0.70 to $0.90 over the weekend (depending on how flexible you are with start/end times).

Feb 13-18: Continued major drop, ending down about $0.80 over the week.

Feb 18-20: Slight down then up, ending about $0.10 down for the weekend.

Feb 20-25: Rally week, up about $0.70.

Looking at all of the above, the most I'd really say is that weekends on average have a stagnating effect, and volumes are often lower. Because volumes are usually lower, if someone makes a big move on the weekend it can have a larger impact on prices. What you can really see, though, is that Bitcoin is simply very volatile -- no news there!

Maged

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