Author

Topic: Bid/ask imbalance is showing again -- $4.6-5 coming! (Read 1682 times)

sr. member
Activity: 446
Merit: 250
Here is what I see!



The selling pressure seems to be amounting. Or possibly the bidders don't want to bid much higher. Price drops a bit over a few hours, then someone pushes it up to fall back again.
dam, I see scary batman double tops everywhere now.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
Here is what I see!



The selling pressure seems to be amounting. Or possibly the bidders don't want to bid much higher. Price drops a bit over a few hours, then someone pushes it up to fall back again.
hero member
Activity: 756
Merit: 500
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
Herp, derp...
legendary
Activity: 2198
Merit: 1311
Oh come on proudhon we all know it's you putting up the askwalls Wink

Here you go:

hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Oh come on proudhon we all know it's you putting up the askwalls Wink
legendary
Activity: 2198
Merit: 1311
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Everyone, do you see that?
Weekly MACD is crossing over.
Get ready.
newbie
Activity: 21
Merit: 0
I don't know what any of this means, but it looks good to me!

https://i.imgur.com/UICcB.png
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
hero member
Activity: 686
Merit: 500
Bitbuy
I approve of your post and thinking  Grin
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
It's time for another big move up.
On the eve of the last move, we had a big market depth imbalance: 20k BTC to $3.1, 40k to $3.  On the other hand, we had 20k BTC to $3.5, 40k to $3.75.  The bid side was 20k for every 0.1 and the ask side was 20k for every 0.2.
Now, we have the bid side piling up again: 20k to $4, 40k to $3.8.  On the other hand, the ask side has 20k to $4.6, 40k to $5.  The same ratios are showing up.  
Additionally, we've touched the trendline again, the moving averages are coming close, and the PSAR is getting close to the price (within $0.2).  Strong support has caught up and we are poised for a big move, up or down, soon and I think it will go up.
The market would have gone up to $4.6 or $5 yesterday if Bitcoinica didn't run out of float.  Since Bitcoinica doesn't have enough USD, the move up will be more gradual this time.  However, we won't see $4.2 ever again so now is the time to BUY.
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