Thanks masterluc
Topic: Analysis - page 331. (Read 941596 times)
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
I like this ping-pong thread
Thanks masterluc
Thanks masterluc
In other news, S&P finally gave us a nice 5 waves down. So it should rally soon to correct this new motive wave, but then get ready for a collapse... timing could easily be October, as with past crashes.
I thought it just starting, taking into account Syria rumorsCould be a 1-2-1-2 I guess. I'm not taking off my shorts, if that's what you mean
But my point is that the dow and s&p can be counted as a complete impulse down now. That means longer-term trend is down, but we could get a short-term rally at any time.
In other news, S&P finally gave us a nice 5 waves down. So it should rally soon to correct this new motive wave, but then get ready for a collapse... timing could easily be October, as with past crashes.
I thought it just starting, taking into account Syria rumors Not yet 
But close
But closeEhm ... that way pong may be anything ... even 190-200
Joking.
It's near its end. Triple zigzag cannot subdivide much more. Also the metals have hit close to 90% bulls, which seem to have been correlated with the latest rise in btc.
In other news, S&P finally gave us a nice 5 waves down. So it should rally soon to correct this new motive wave, but then get ready for a collapse... timing could easily be October, as with past crashes.
Not yet But close
But closeEhm ... that way pong may be anything ... even 190-200
Joking.
Not yet But close
But close 
Bitstamp and BTCe have been spending a lot of time in the RSI-14 hourly overbought region last day or so, while MTGox is sitting right in the middle, only ever briefly touching 70 @ RSI-14 hourly. More evidence that price at lesser exchanges is still linked to MTGox prices.
Bitstamp: http://bitcoincharts.com/charts/bitstampUSD#rg2zigHourlyztgSzbgBza1gEMAzm1g19za2gEMAzm2g31zi1gRSIzv
BTCe: http://bitcoincharts.com/charts/btceUSD#rg2zigHourlyztgSzbgBza1gEMAzm1g19za2gEMAzm2g31zi1gRSIzv
Bitstamp: http://bitcoincharts.com/charts/bitstampUSD#rg2zigHourlyztgSzbgBza1gEMAzm1g19za2gEMAzm2g31zi1gRSIzv
BTCe: http://bitcoincharts.com/charts/btceUSD#rg2zigHourlyztgSzbgBza1gEMAzm1g19za2gEMAzm2g31zi1gRSIzv
FOMC Minutes Show Broad Support for Bernanke Taper Timeline
http://www.bloomberg.com/news/2013-08-21/fomc-minutes-show-broad-support-for-bernanke-tapering-timeline.html
http://www.bloomberg.com/news/2013-08-21/fomc-minutes-show-broad-support-for-bernanke-tapering-timeline.html
MtGox has more volume these days than the other exchanges combined, which disagrees with the exchange migration hypothesis. Furthermore, if you see the Bitstamp charts the trend looks pretty healthy by itself, with unwavering volume since the July bottom. Therefore, the Bitstamp price looks solid to me.
Doesn't necessarily disagree with the hypothesis. It might just be intensifying migration.
Anyway, the bid side in MtGox is becoming exhausted, I will keep a close watch for the next 24 hours.
This wedge clears out the count I have. Tripple zigzag perfectly fits here.
In a case of bearish wedge triggering (need to break 101.65 to confirm):
Ahhh, that's what I like to see. This is what I've bet on. 
In a case of bearish wedge triggering (need to break 101.65 to confirm):
Ever since the beginning of this year, ~$100/BTC has "felt" like a fair price to me, FWIW.
Me too. Feels exactly like it did during the period of time my friends coined as '$5 forever'....
It was during this time that I bought all of my friends BTC....
MtGox has more volume these days than the other exchanges combined, which disagrees with the exchange migration hypothesis. Furthermore, if you see the Bitstamp charts the trend looks pretty healthy by itself, with unwavering volume since the July bottom. Therefore, the Bitstamp price looks solid to me.
[/quote]
Doesn't necessarily disagree with the hypothesis. It might just be intensifying migration.
[/quote]
Doesn't necessarily disagree with the hypothesis. It might just be intensifying migration.
...
MtGox has more volume these days than the other exchanges combined, which disagrees with the exchange migration hypothesis. Furthermore, if you see the Bitstamp charts the trend looks pretty healthy by itself, with unwavering volume since the July bottom. Therefore, the Bitstamp price looks solid to me.
MtGox has more volume these days than the other exchanges combined, which disagrees with the exchange migration hypothesis. Furthermore, if you see the Bitstamp charts the trend looks pretty healthy by itself, with unwavering volume since the July bottom. Therefore, the Bitstamp price looks solid to me.
For the most part, I agree with you. But as a sanity check, consider this scenario:
Tomorrow, without warning, MTGox closes down trading operations indefinitely, with a press release saying all trading is halted and all users are asked to initiate withdrawals of BTC and fiat. Do you think that in all that panic, BitStamp's price won't go down? Logically, it should go UP, as people with orders at Gox would now want to place them at BitStamp/others, but I get the feeling the panic sellers would be doing what they do best.
My intuition tells me that we'd see some weird panic-sell price falloff for a few days, and then in the same amount of time, a return to somewhere around the daily SMA200 (currently $88.63 on BitStamp). Ever since the beginning of this year, ~$100/BTC has "felt" like a fair price to me, FWIW.
I'm not a giant forex or btc trader, but an avid follower of the markets, at least.
Yeah, I'm not buying this 30k rally on Mt. Gox.
More like people leaving Gox to sell elsewhere. - speculation
More like people leaving Gox to sell elsewhere. - speculation
This is my belief mainly due to the lack of follow through of buying on all other exchanges in any meaningful manner.
+1 here. price gap only growing wider.
Yeah, I'm not buying this 30k rally on Mt. Gox.
More like people leaving Gox to sell elsewhere. - speculation
More like people leaving Gox to sell elsewhere. - speculation
This is my belief mainly due to the lack of follow through of buying on all other exchanges in any meaningful manner.
+1 here. price gap only growing wider.
Yeah, I'm not buying this 30k rally on Mt. Gox.
More like people leaving Gox to sell elsewhere. - speculation
More like people leaving Gox to sell elsewhere. - speculation
This is my belief mainly due to the lack of follow through of buying on all other exchanges in any meaningful manner.
Jump to: