NO ITS BEAR HOUR!!!
Topic: Time for another bull move - page 2. (Read 4560 times)
I don't think anything popped... This was just a large sell off by 1 or more organized people/groups. Went down less then 10% then in less then an hour recovered 50% of the loss.
That moving support line is looking pretty good though:)
That moving support line is looking pretty good though:)
You're right. It did look a bit like a pop when i first glanced at it on the 10 day chart though !
NO ITS BEAR HOUR!!!
Ooops forgot that, sorry
I don't think anything popped... This was just a large sell off by 1 or more organized people/groups. Went down less then 10% then in less then an hour recovered 50% of the loss.
That moving support line is looking pretty good though:)
That moving support line is looking pretty good though:)
You're right. It did look a bit like a pop when i first glanced at it on the 10 day chart though !
NO ITS BEAR HOUR!!!
I don't think anything popped... This was just a large sell off by 1 or more organized people/groups. Went down less then 10% then in less then an hour recovered 50% of the loss.
That moving support line is looking pretty good though:)
That moving support line is looking pretty good though:)
You're right. It did look a bit like a pop when i first glanced at it on the 10 day chart though !
I don't think anything popped... This was just a large sell off by 1 or more organized people/groups. Went down less then 10% then in less then an hour recovered 50% of the loss.
That moving support line is looking pretty good though:)
That moving support line is looking pretty good though:)
That looks like a nice shakeout candle to me there. Up we go! 
Pop! ..... and bounce ?
I've updated that line on this log chart here
That looks very much like a validation of the line to me!
Up up and away...
I've updated that line on this log chart here
That looks very much like a validation of the line to me!
Up up and away...
Sorry to tell you but today wasn't even close to a pop... More like a single or group dumped their coins. Wasn't even a 10% drop and already more then 50% of the drop is recovered.
A few days ago there was mass buy where it went to 122. I would just guess, these are the same people trying to pump and dump since the 120 resistance was holding. Add mtgox lag and you got yourself a mini correction/crash.
Could also be the dwolla or ripple/google news... Though I think for there to be movement like that caused by fundamentals, it would have to be bigger like US bans btc or something.
Then again BTC isn't really that big of a market, 1 ol'timer could have decided to get out with the dwolla news.
A few days ago there was mass buy where it went to 122. I would just guess, these are the same people trying to pump and dump since the 120 resistance was holding. Add mtgox lag and you got yourself a mini correction/crash.
Could also be the dwolla or ripple/google news... Though I think for there to be movement like that caused by fundamentals, it would have to be bigger like US bans btc or something.
Then again BTC isn't really that big of a market, 1 ol'timer could have decided to get out with the dwolla news.
What we saw was manipulation and the insanity of more mtgox lag....
+1
It's bull time, hang on to your knackers!
It's bull time, hang on to your knackers!
Sorry, no. It's bear time. We're going down, dont sell too quickly.
Premise: Price falls 3-4% on essentially negligible volume
Conclusion: it's clearly the end of the world
Logic grade: full retard
Conclusion: it's clearly the end of the world
Logic grade: full retard
++1
3...2...1... POP!
LOL! $40 please!
3...2...1... POP!
I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with. Famous last words?
Ouch., a bubble that re-inflates is just another bubble, not a correction. Or, if after the correction the price goes back to all-high then there was no bubble in the first place.
I meant that the last month would have been the correction. My quotations around 'bubble' were there as a kind of 'yeah everyone seems to call this a bubble' thing. It would be glorious if time proves no bubble happened at all.
Yeah and MAYBE i did not read your posts too well.
Did you ever stop to think about that? Huh?
Indeed I did, hehe, but I was simply clarifying.
last 2 days seem to have a pretty consistent tight moving bottom and top channel. Looks like the 119-122 resistance is slowing the uptrend down and been flattening out for the last few hours... If it breaks could continue for slower but positive trend up... Though it could bounce too.
This uptrend seems a little steeper then the run up before the bubble so it seems consistent. Are we starting to see some stability in the market... who knows.
This uptrend seems a little steeper then the run up before the bubble so it seems consistent. Are we starting to see some stability in the market... who knows.
I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with. Famous last words?
Ouch., a bubble that re-inflates is just another bubble, not a correction. Or, if after the correction the price goes back to all-high then there was no bubble in the first place.
I meant that the last month would have been the correction. My quotations around 'bubble' were there as a kind of 'yeah everyone seems to call this a bubble' thing. It would be glorious if time proves no bubble happened at all.
Yeah and MAYBE i did not read your posts too well.
Did you ever stop to think about that? Huh?
I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with. Famous last words?
Ouch., a bubble that re-inflates is just another bubble, not a correction. Or, if after the correction the price goes back to all-high then there was no bubble in the first place.
I meant that the last month would have been the correction. My quotations around 'bubble' were there as a kind of 'yeah everyone seems to call this a bubble' thing. It would be glorious if time proves no bubble happened at all.
I tend to agree with namelessone that its still unproven if this was the peak of the bull run or in fact just a huge correction. The lines of support and resistance have been swinging from a bearish outlook, to more and more bullish recently though.
I like to think I'm quite neutral at the moment, if price drops i'll buy lots of cheap bitcoins, if it starts rising my current bitcoins will be going up in value but i won't be able to buy as many new ones.
I like to think I'm quite neutral at the moment, if price drops i'll buy lots of cheap bitcoins, if it starts rising my current bitcoins will be going up in value but i won't be able to buy as many new ones.
Well, in my opinion the price was way too high at the bubble peak for that time. There was not enough to justify it and to carry the momentum.
I think it was related to the perception that BFL would soon deliver.
In any case, i think that the price will go back to $200+ but when that will happen will depend on an interaction between people frothing for asics and actual deliveries.
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