Ninjastic
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Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
Miz4r
on 29/01/2014, 18:23:17 UTC
Quote from: MAbtc on January 29, 2014, 05:56:54 PM
Quote from: Miz4r on January 29, 2014, 05:24:11 PM
Quote from: rpietila on January 29, 2014, 05:21:30 PM
Quote from: Dragonkiller on January 29, 2014, 03:37:03 PM
bears will buy back after they see nothing happens on the 31st

What bears? Although price has slid -20% in 3 weeks with no sign to the better, the bear camp is almost empty. Imagine the hooray from bull camp if the price had gone up this much in this time.. Roll Eyes This way you know the relative numbers of each.

You're delusional. The bear camp is way bigger than the bull camp right now. Mainly because of China and the Jan 31st deadline.
I'm actually not sure about that. It's something bulls keep repeating (followed by the "bears will panic buy after nothing happens on the 31st" prediction), but it's not so obvious to me.

Well most people I know who are into bitcoin are at least 50% in fiat waiting for the whole China thing to pass. This may or may not be representative for all bitcoin holders and traders but I do feel that this is the general sentiment right now. I'm not claiming that bears will panic buy immediately when nothing happens after the 31st, but I don't think this whole consolidation period will last longer than a couple more weeks at most. We'll see.