You guys were saying "2012 crash" all the time, and you know there was a good chance of that happening.
I told you it's crunch time when it was about to pass 80-something and sorry you've missed it, in 2011 the previous low was defended well and the window of opportunity is over imo. As far as comparisons go anyway. This can still end up bullish but it won't be like in 2012.
Topic: The mother of all traps? - page 5. (Read 8143 times)
Sigh, here is the actual 2011/2013 overlay, again it takes about 2.5 times as long this time. The scaling factor is kind of arbitrary but it is definitely not 1:1.
this is nice work, but it needs to be on log scale to be useful for comparison in the way I think everyone is hoping for.
why does 2013 have to follow 2011? making a proportional overlay is one thing, assuming that it's the same bubble dynamic is another fundamental leap in logic
It doesn't it is just in popular demand to compare it, and I thought I at least do it right.
that you did
why does 2013 have to follow 2011? making a proportional overlay is one thing, assuming that it's the same bubble dynamic is another fundamental leap in logic
It doesn't it is just in popular demand to compare it, and I thought I at least do it right.
e: I could probably tweak the scaling to come up with a more impressive match (scaling might be closer to 3 than 2.5) but I think everybody gets the point.
why does 2013 have to follow 2011? making a proportional overlay is one thing, assuming that it's the same bubble dynamic is another fundamental leap in logic
Sigh, here is the actual 2011/2013 overlay, again it takes about 2.5 times as long this time. The scaling factor is kind of arbitrary but it is definitely not 1:1.
My suspicion :
There are a lot of arguments to disprove that as well though. We'll see next week.
There are a lot of arguments to disprove that as well though. We'll see next week.
well for starters we'd be in september on a 2011 equivalent as we peaked april
I think I can almost completely agree with that. The one thing is that we are probably really overbought now and also sitting just under the other psychological barrier ($100).
As we say, between a rock and hard place... (at least that is a bit how it feels)
As we say, between a rock and hard place... (at least that is a bit how it feels)
Overbought as compared to when...when we were in the $60s last week, or $130s a monthish ago? All that fiat from the selling is out there somewhere....
If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
What does break 105 for good mean in bitcoin world where breaking a key resistance usually triggers a wave of buys that there is no time for price to settle?
Good point but if there is anything any of us have learned is that there are a few players who can change this on a dime. When those $1,000,000 orders come through we are just along for the ride.
The only certain thing I've noticed recently is that who ever is doing the large buying were using the technical indicators to their advantage.
My feeling and observation is that we are still in a down trend and that this is a HUGE bounce up, a bit like that "you are here" chart above. But anything can change.
I feel like we should post less as our posts have made us "violated" by the large buyers
at this point it's probably cheaper to push the price up than it is to push it down, and i'm not referring to ask/bid depth (which moves) but directing the flow of the market psychology.
I think I can almost completely agree with that. The one thing is that we are probably really overbought now and also sitting just under the other psychological barrier ($100).
As we say, between a rock and hard place... (at least that is a bit how it feels)
If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
What does break 105 for good mean in bitcoin world where breaking a key resistance usually triggers a wave of buys that there is no time for price to settle?
Good point but if there is anything any of us have learned is that there are a few players who can change this on a dime. When those $1,000,000 orders come through we are just along for the ride.
The only certain thing I've noticed recently is that who ever is doing the large buying were using the technical indicators to their advantage.
My feeling and observation is that we are still in a down trend and that this is a HUGE bounce up, a bit like that "you are here" chart above. But anything can change.
I feel like we should post less as our posts have made us "violated" by the large buyers
at this point it's probably cheaper to push the price up than it is to push it down, and i'm not referring to ask/bid depth (which moves) but directing the flow of the market psychology.
If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
What does break 105 for good mean in bitcoin world where breaking a key resistance usually triggers a wave of buys that there is no time for price to settle?
Good point but if there is anything any of us have learned is that there are a few players who can change this on a dime. When those $1,000,000 orders come through we are just along for the ride.
The only certain thing I've noticed recently is that who ever is doing the large buying were using the technical indicators to their advantage.
My feeling and observation is that we are still in a down trend and that this is a HUGE bounce up, a bit like that "you are here" chart above. But anything can change.
I feel like we should post less as our posts have made us "violated" by the large buyers
if i would have such money i would take my profits now instead of waiting for somebody else to do it for me. this person who bought that $80 wall and sold now could earn around $200k in few days. There are many people who don't earn that much in a year of hard work ...
sounds like they're in the
if i would have such money i would take my profits now instead of waiting for somebody else to do it for me. this person who bought that $80 wall and sold now could earn around $200k in few days. There are many people who don't earn that much in a year of hard work ...
If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
What does break 105 for good mean in bitcoin world where breaking a key resistance usually triggers a wave of buys that there is no time for price to settle?
My suspicion :
There are a lot of arguments to disprove that as well though. We'll see next week.
There are a lot of arguments to disprove that as well though. We'll see next week.
If we break $105 for good picture starts to get quite bullish, at least short term. $120 could be reached easily if $105 is broken.
My suspicion :
There are a lot of arguments to disprove that as well though. We'll see next week.
There are a lot of arguments to disprove that as well though. We'll see next week.
First 10 votes, and 90% say its a trap.
Too few votes to say, but if that incredible 90% figure is confirmed that would be an indicator that we are completely oversold and we are going up... Especially if we consider that this poll is run in bitcointalk.org, which is a community bullish on BTC by definition.
Interesting.
Too few votes to say, but if that incredible 90% figure is confirmed that would be an indicator that we are completely oversold and we are going up... Especially if we consider that this poll is run in bitcointalk.org, which is a community bullish on BTC by definition.
Interesting.
what meaning it has if one person will decide to dump his fresh 50k bitcoins on the market? And the rest who is buying right now will panic.
They've been trying. The last few days there have been several dumps. It seems the rest of the fish have developed a nice taste for whale dump now.
Don't get shaken down by manufactured "panic".
First 10 votes, and 90% say its a trap.
Too few votes to say, but if that incredible 90% figure is confirmed that would be an indicator that we are completely oversold and we are going up... Especially if we consider that this poll is run in bitcointalk.org, which is a community bullish on BTC by definition.
Interesting.
Too few votes to say, but if that incredible 90% figure is confirmed that would be an indicator that we are completely oversold and we are going up... Especially if we consider that this poll is run in bitcointalk.org, which is a community bullish on BTC by definition.
Interesting.
what meaning it has if one person will decide to dump his fresh 50k bitcoins on the market? And the rest who is buying right now will panic.
This is true on both sides. Bitcoin is still a penny-stock market, thus is easily manipulable or "moved" by just a single entity with big pockets. If a random guy decides to "dump" his fresh $10M on the market, the rest who is not buying right now will just panic buy.
For this very reasons Bitcoin is so "fun" from a trading perspective, compared to Forex for ex. is a very wild game. As many like to say, because of how small is this market, "Bitcoin just does what the fuck he wants"
a mtgox press release does not a trend make, so there was no trend to reverse in the first place
First 10 votes, and 90% say its a trap.
Too few votes to say, but if that incredible 90% figure is confirmed that would be an indicator that we are completely oversold and we are going up... Especially if we consider that this poll is run in bitcointalk.org, which is a community bullish on BTC by definition.
Interesting.
Too few votes to say, but if that incredible 90% figure is confirmed that would be an indicator that we are completely oversold and we are going up... Especially if we consider that this poll is run in bitcointalk.org, which is a community bullish on BTC by definition.
Interesting.
what meaning it has if one person will decide to dump his fresh 50k bitcoins on the market? And the rest who is buying right now will panic.
Jump to: