The mother of all traps? - page 6. | Bitcointalksearch.org

blackreplica

full member

Activity: 224

Merit: 100

Quote from: Rampion on July 12, 2013, 03:52:29 AM

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.

Sample size too small. If what you said was representative of the population the runup would have stopped at a far lower price

To clarify...I'm not being bullish...I think the average guy who votes on your poll will probably know more than the average bitcoin investor...who I'm sure right now is thinking the whole bubble burst is finally over (I don't think so but am prepared to be wrong)

Rampion

legendary

Activity: 1148

Merit: 1018

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.

Rampion

legendary

Activity: 1148

Merit: 1018

Interesting to see how big its being the bounce from the 200 day EMA (blue line):

For the first time since we hit $50 in mid-April, the rally from $66 has been on high volume, which is a point in favor for the "this is not a trap, but a trend reversal" case.

One point against that case is that the current rally is fueled by scarcity of coins, and not in an increased influx of money. CMF is still negative, and the fiat on Gox's order book is stagnating at less than 50% of its ATH ($11M). In the meanwhile, 10s of k's of coins disappeared from the order book:

The mother of all traps or a trend reversal? Speculate, gents.

Topic: The mother of all traps? - page 6. (Read 8143 times)