Topic: Starting to sense pessimism... - page 2. (Read 5456 times)

Poof.

I think we're going into the $4 range, which was my guess a week or so ago.  However, at the time I thought we'd strongly rebound from there, and now I doubt that.

At 14 cents, everyone will indeed think its over. I think it probably will be. If it is, I lose money that I have already written off. If it isn't I have bagged a truckload of coin ready for round 2!

At 14 cents.. the game is over..

Drifting, drifting... how about now... pessimism now....??

Orders all the way down baby, they are filling nicely... The deeper we go the bigger the order!

I have already told myself I will not panic however low it goes. My lowest order is around 14 cents a coin. I doubt it will go that low but who knows!


Still long term bullish, just patiently accumulating on dips...

No point in over-thinking it.

Last week we bumped down 50 cents then traded sideways forever at $6.30.

Looks like were just repeating, down 50 cents. Trading sideways this time at ... what? $5.70, $5.80?

I think your on the ball

of course, left unsaid is what comes after that

Triple digits coming THIS YEAR to a market near you!

Daytraders: Go long, hourly RSI just reached <30
Short-mid term: Go short
Long term investors: Go long

 

I found the manipulator...

Insert comedic drum roll here...

No, what I'm saying is that after this correction, we might rally back to $5.

No one at all sees the interestingly similar slopes/duration on a log chart that this rally/correction has/will have with the March rally/correction?

I predict a steady price decay in the next month, during which all the bears will be screaming "I TOLD YOU." 

We have these cycles all the time, most of them are small, some of them are medium sized and then we have the rare large ones. The last large one happened from May to December, or something like that.

I don't personally care about what is happening right now, we're in the middle of a small cycle or at best (or at worst, depends on who you're asking) a medium sized one. A medium sized correction is very possible, I knew one was coming at some point but didn't know when, this could be it. Nothing fundamental has happened that would indicate a larger issue so a large cycle can be counted out.

Most likely it's simply a short term game based on pure speculation, people see an opportunity to go down and then they sell and short. A large majority of that money is coming back, simply a little lower. Eventually we reach the point where it'll go up again.

I also believe that the reports on technical analysis given by popular analysts such as S3052 have a significant effect in themselves. This is information that people believe in and thus it's heavily exploited and this is why those reports tend to cause the behaviour they are "predicting". Same applies to the information people get from Bitcoinica, it's exploited all the time.

A good example is the recent public report by S3052 that stated:

"4) A break below 6 - 6.1 $ is expected to lead to further downside down to 4.64 $."

Guess what happened right after, the price was pushed down below $6, mainly because people were either exploiting this statement or believing that someone else will exploit the statement anyway, so the price went down.

After $6 broke it was obvious that a larger dip is imminent. Now it's hard to say what happens, if people are as sheep as I fear they are, it's totally possible that we'll go as low as $4.64. Personally I have one word for all of this and that is:

Bullshit.

If we managed to hit $5, it just might go well into the $4's. The depth is pretty thin below $5.

ill agree with that i wasn't sure if the semi permanent starfish was a denial indicator

I think the call for pessimism is premature.

Would venture to say we are halfway between unease and denial... like in the Housing Market.

Despair: the emotion of hope?