Topic: RALLY! - page 45. (Read 63121 times)
I hear you pirate
Wow! Thank you for this detailed report, ineededausername! This is simply fantastic! I enjoyed the formatting. 
Hahahhaa, the fact that you responded says everything! Get a new hobby, your wasting your time here.
Go back to your needle point, and trolling the internet pretending to be a woman.
Go back to your needle point, and trolling the internet pretending to be a woman.
To paraphrase: "The use of my time on this message board is better than the use of your time on this message board"
It's funny because it's true.
Today's technical analysis
brought to you by ineededausername
The indicators
1. In the very short term, another spike up is somewhat likely -- MACD crossover. At the very least, we are going to see some buying momentum.
2. All bullish indicators (RSI, MACD, PPO, OBV) are remaining bullish despite the recent correction, which now appears to have merely been a consolidation.
3. Additional note: PSAR is at 5.25, a major support.
4. Hourly indicators are cautiously saying that we should be emerging from the correction.
Trendlines
1. We just broke out of a short-term (hourly) downslope, a bullish signal.
2. Long term trendline is at 5.25. This is a major support level -- VERY strong, as the PSAR is also here.
3. Another mid-term trendline is at 5.5, another strong support.
4. Strong support in the 5 region means that the lowest we can get is 5.75.
Spike analysis
Let's use the 6.6 range as a standard shorting range. Then we have:
~7.25 for 10:1 liquidation, triggered by any spike up to ~7.2. I'd say this will not produce too much of a squeeze.
~8 for 5:1 liquidation. This could produce another giant chain of spikes like the one from 4.8 to 7... but requires ~25k BTC of buys right now. We'll see if another large USD inflow on Saturday can do this for us. If it spikes to 7.5, I'd say 8.5 is a likely target, and maybe even 9 if the depth is small enough on the ask side. In fact, 10 is not outside the realm of possibility for this weekend, but consider it a 2% case.
Thus... major spike resistance: 7.22 (prev high), 7.5, 8, 8.5. 8 is probable this weekend.
On the other hand, if we are correcting, I'd suggest going long at ~5.75, if we get that low, based on previous analysis.
Depth analysis
10k BTC is needed to move $0.75 up and $0.50 down. We are entering a time of low depth... watch out for volatility. However, support at lower levels is much stronger than resistance on the way up. Watch out for the depth to $8 -- if it's constantly decreasing and it reaches ~15k, we could see a possible spike up. This depth signal requires confirmation from other indicators.
Conclusion: a correction below $6 is a MAJOR BUYING OPPORTUNITY. In the lower ranges of $6, I would suggest buying. On the way up, $8 and $9 are possible targets this weekend, with $10 setting the maximum for an extreme scenario.
brought to you by ineededausername
The indicators
1. In the very short term, another spike up is somewhat likely -- MACD crossover. At the very least, we are going to see some buying momentum.
2. All bullish indicators (RSI, MACD, PPO, OBV) are remaining bullish despite the recent correction, which now appears to have merely been a consolidation.
3. Additional note: PSAR is at 5.25, a major support.
4. Hourly indicators are cautiously saying that we should be emerging from the correction.
Trendlines
1. We just broke out of a short-term (hourly) downslope, a bullish signal.
2. Long term trendline is at 5.25. This is a major support level -- VERY strong, as the PSAR is also here.
3. Another mid-term trendline is at 5.5, another strong support.
4. Strong support in the 5 region means that the lowest we can get is 5.75.
Spike analysis
Let's use the 6.6 range as a standard shorting range. Then we have:
~7.25 for 10:1 liquidation, triggered by any spike up to ~7.2. I'd say this will not produce too much of a squeeze.
~8 for 5:1 liquidation. This could produce another giant chain of spikes like the one from 4.8 to 7... but requires ~25k BTC of buys right now. We'll see if another large USD inflow on Saturday can do this for us. If it spikes to 7.5, I'd say 8.5 is a likely target, and maybe even 9 if the depth is small enough on the ask side. In fact, 10 is not outside the realm of possibility for this weekend, but consider it a 2% case.
Thus... major spike resistance: 7.22 (prev high), 7.5, 8, 8.5. 8 is probable this weekend.
On the other hand, if we are correcting, I'd suggest going long at ~5.75, if we get that low, based on previous analysis.
Depth analysis
10k BTC is needed to move $0.75 up and $0.50 down. We are entering a time of low depth... watch out for volatility. However, support at lower levels is much stronger than resistance on the way up. Watch out for the depth to $8 -- if it's constantly decreasing and it reaches ~15k, we could see a possible spike up. This depth signal requires confirmation from other indicators.
Conclusion: a correction below $6 is a MAJOR BUYING OPPORTUNITY. In the lower ranges of $6, I would suggest buying. On the way up, $8 and $9 are possible targets this weekend, with $10 setting the maximum for an extreme scenario.
MT GOXED LIVE, and by live I mean 10 minutes ago..
WTF is the problem with that chart?!
WTF is the problem with that chart?!
If ask depth is simply allowed to form again, we might go back down a bit. Another major upward spike will definitely happen in the next 18 hours though, so keep your eyes peeled.
Too bad mtgox api is complete garbage and most people have yet to even notice the huge buy.... 
I wonder if it will go past $7.22
BOOM, there we go!
I hate when Im right... 
Hahahhaa, the fact that you responded says everything! Get a new hobby, your wasting your time here.
Go back to your needle point, and trolling the internet pretending to be a woman.
Go back to your needle point, and trolling the internet pretending to be a woman.
To paraphrase: "The use of my time on this message board is better than the use of your time on this message board"
Exactly..
You sir are a waste to this community, and obviously to me too!
Cheers lame ass, keep squaking, we're all ears... no seriously... we're all ears...
Sorry, I wasn't listening..
Once again, exactly..
In other news...
My spidy sense is tingling, I feel a movment in the market, and it isnt a bowel...
-edit... I mean in the next few hours..
Hahahhaa, the fact that you responded says everything! Get a new hobby, your wasting your time here.
Go back to your needle point, and trolling the internet pretending to be a woman.
Go back to your needle point, and trolling the internet pretending to be a woman.
To paraphrase: "The use of my time on this message board is better than the use of your time on this message board"
Exactly..
You sir are a waste to this community, and obviously to me too!
Cheers lame ass, keep squaking, we're all ears... no seriously... we're all ears...
Sorry, I wasn't listening..
Hahahhaa, the fact that you responded says everything! Get a new hobby, your wasting your time here.
Go back to your needle point, and trolling the internet pretending to be a woman.
Go back to your needle point, and trolling the internet pretending to be a woman.
To paraphrase: "The use of my time on this message board is better than the use of your time on this message board"
Exactly..
You sir are a waste to this community, and obviously to me too!
Cheers lame ass, keep squaking, we're all ears... no seriously... we're all ears...
.
.
.
.
Sorry, I wasn't listening..
Hahahhaa, the fact that you responded says everything! Get a new hobby, your wasting your time here.
Go back to your needle point, and trolling the internet pretending to be a woman.
Go back to your needle point, and trolling the internet pretending to be a woman.
To paraphrase: "The use of my time on this message board is better than the use of your time on this message board"
SUP AGAIN? SUP SA? SUP BUTTCOIN.ORG? SUP PROUDHON?
SUP TO EVERY GOD DAMN TROLL WHO HAS EVER STEPPED FOOT IN THIS FORUM.
SUP NOW?
FUNDAMENTALS are TOO strong to be taken down by libel or troll posting...
Now I get why the mod's in this forum simply ignore you CLOWNS.
We're going to $100 baby, and you know why? Fundamentals trump shit speculation at the end of the day....
SUP TO EVERY GOD DAMN TROLL WHO HAS EVER STEPPED FOOT IN THIS FORUM.
SUP NOW?
FUNDAMENTALS are TOO strong to be taken down by libel or troll posting...
Now I get why the mod's in this forum simply ignore you CLOWNS.
We're going to $100 baby, and you know why? Fundamentals trump shit speculation at the end of the day....
You're a cool dude FlipPro
Hahahhaa, the fact that you responded says everything! Get a new hobby, your wasting your time here.
Go back to your needle point, and trolling the internet pretending to be a woman.
SUP AGAIN? SUP SA? SUP BUTTCOIN.ORG? SUP PROUDHON?
SUP TO EVERY GOD DAMN TROLL WHO HAS EVER STEPPED FOOT IN THIS FORUM.
SUP NOW?
FUNDAMENTALS are TOO strong to be taken down by libel or troll posting...
Now I get why the mod's in this forum simply ignore you CLOWNS.
We're going to $100 baby, and you know why? Fundamentals trump shit speculation at the end of the day....
SUP TO EVERY GOD DAMN TROLL WHO HAS EVER STEPPED FOOT IN THIS FORUM.
SUP NOW?
FUNDAMENTALS are TOO strong to be taken down by libel or troll posting...
Now I get why the mod's in this forum simply ignore you CLOWNS.
We're going to $100 baby, and you know why? Fundamentals trump shit speculation at the end of the day....
You're a cool dude FlipPro
Proposal for a new expression: "bitcoined" = screwed by bitcoins, i.e.
USD's are bitcoined on bitcoinica at the moment :-)
I propose we add this to the dictionary.USD's are bitcoined on bitcoinica at the moment :-)
Code:
Bitcoin
1. n, proper. An example of a non-inflationary distributed decentralized unregulated and unregulatable online currency with a peer-to-peer structure founded by Satoshi Nakamoto in 2009. An instance of cryptocurrency. e.g. "Bitcoin has attracted investors from Argentina to Zimbabwae."
2. adj, proper. Of or pertaining to Bitcoin. e.g. "The Bitcoin network has survived another attack."
bitcoin
1. n, countable. A cryptocurrency with little deviation from Bitcoin. e.g. "IxCoin is just a bitcoin with higher inflation." pl. bitcoins
2. n, countable. A unit comprising 100 000 000 of the individual units of currency used in Bitcoin. e.g. "That will be 50 bitcoins." pl. bitcoins, bitcoin (rare, semi-informal)
3. v.t. (informal) To screw or make something look bad via usage of bitcoins. Coinage. e.g. "The USD is being bitcoined again." 3rd sin. i. bitcoins s.p./past.p. bitcoined p.p bitcoining
wonderful!!!
Proposal for a new expression: "bitcoined" = screwed by bitcoins, i.e.
USD's are bitcoined on bitcoinica at the moment :-)
I propose we add this to the dictionary.USD's are bitcoined on bitcoinica at the moment :-)
Code:
Bitcoin
1. n, proper. An example of a non-inflationary distributed decentralized unregulated and unregulatable online currency with a peer-to-peer structure founded by Satoshi Nakamoto in 2009. An instance of cryptocurrency. e.g. "Bitcoin has attracted investors from Argentina to Zimbabwae."
2. adj, proper. Of or pertaining to Bitcoin. e.g. "The Bitcoin network has survived another attack."
bitcoin
1. n, countable. A cryptocurrency with little deviation from Bitcoin. e.g. "IxCoin is just a bitcoin with higher inflation." pl. bitcoins
2. n, countable. A unit comprising 100 000 000 of the individual units of currency used in Bitcoin. e.g. "That will be 50 bitcoins." pl. bitcoins, bitcoin (rare, semi-informal)
3. v.t. (informal) To screw or make something look bad via usage of bitcoins. Coinage. e.g. "The USD is being bitcoined again." 3rd sin. i. bitcoins s.p./past.p. bitcoined p.p bitcoining
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