Quote from: lyth0s on November 29, 2014, 10:10:58 AM

Quote from: JayJuanGee on November 29, 2014, 04:51:51 AM

Quote from: lyth0s on November 29, 2014, 02:40:28 AM

Quote from: JayJuanGee on November 29, 2014, 12:43:03 AM

Quote from: catena5260 on November 28, 2014, 10:09:15 AM

We will see a recover after the black friday.

Won't we?

Black Friday has little effect on the price of bitcoin... gotta wait until December 4th or soon thereafter.... but NO guarantees anything will happen after December 4; however, less likely any kind of rally will occur prior to December 4.

Out of curiosity why are you stating an importance to December 4th?

It's the date of the us marshalls auction of the 50k btc from silkroad. I doubt that we will have a rally before that auction date, but never say never in bitcoinlandia. Also, no guarantee of any meaningful price action after that date, but I tend to believe that several big players, including bidders, have incentives to keep prices down until after the auction bids are in.

Thank you for the explanation, not sure why I didn't realize it was the auction date. I wonder if the losing bidders will buy any coins off exchanges after they lose the auction?

I actually believe the 3D MACD will cross above the signal line on December 5th. It would be cool for these stars to aline and begin our next rally.

Disclaimer: I don't conduct any real TA and I'm not convinced of its effectiveness, but it is fun to play with

I find it really difficult, as well, to attempt to figure out what will cause further upward or downward manipulations. I tend to think that TAs tell only a fraction of the story, but I do NOT doubt that some people can make money with such.

In some sense, there are big players who have been keeping or at least allowing the price to be kept manipulated downward. At some point, some of these big players, too are going to see considerable potential for profits and just that it is for the good of bitcoin to transition out of Bear market times. NONETHELESS, these big players may even be willing to allow this bear market persist for a few more months - even possibly through the next two auction lots of the additional 94k BTC that are in the hands of the feds.

Sure it is possible that we could get a rally before December 4, but I tend to have my doubts... but I am too afraid to short - even though I continue to hold some money in reserve in order to buy more in the event that BTC prices go into the low $300s or even into the $200s (which I really doubt will happen again). In any event, I remain fairly satisfied that I have been able to accumulate as many BTC as I have for whenever this upward trend begins - whether within the next month or within the next 6 months.. or potentially a bit longer.