The way the prices have fluctuated in light of the last 5 days, I see this as an "Intraday" trading market, trading around the big low for the week, and then selling at the end of the rally a day or two later, IHMO.
Thoughts on this?
SJ
Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 108. (Read 540250 times)
July 08, 2011, 10:36:37 AM
July 08, 2011, 09:49:39 AM
So far we're seeing a continuation of yesterdays rally, although its not on as big of volume as yesterdays but it still credible. The $16.5-$17 level still proves to a key resistance level.
true.we may see a rally to higher levels again
I think shortterm it'll go down (if everyone gets crazy around 10$) until monday/tuesday, then go up again and continue maintrend
right?
Yeah it looks like are our rally was short lived. I'll be waiting to see how far the weekend bears can push it lower and hopefully getting in around Tuesdays intra-day low if it holds as support.
July 08, 2011, 12:35:37 AM
So far we're seeing a continuation of yesterdays rally, although its not on as big of volume as yesterdays but it still credible. The $16.5-$17 level still proves to a key resistance level.
true.we may see a rally to higher levels again
I think shortterm it'll go down (if everyone gets crazy around 10$) until monday/tuesday, then go up again and continue maintrend
right?
July 07, 2011, 05:27:36 PM
So far we're seeing a continuation of yesterdays rally, although its not on as big of volume as yesterdays but it still credible. The $16.5-$17 level still proves to a key resistance level.
true.we may see a rally to higher levels again
July 07, 2011, 04:38:25 PM
I voted "same as now", meaning "between 10 and 17". I think the $10 level needs to be tested again to either lose it or form a double low.
July 07, 2011, 02:36:08 PM
So far we're seeing a continuation of yesterdays rally, although its not on as big of volume as yesterdays but it still credible. The $16.5-$17 level still proves to a key resistance level.
July 07, 2011, 01:25:51 PM
+1
Not sure what the issue was.
Could you try again? It should work again now.
It works now.
July 07, 2011, 01:13:57 PM
+1
Not sure what the issue was.
Could you try again? It should work again now.
July 07, 2011, 11:12:26 AM
$15-$17
We're seeing big volume not seen since the middle of last month. I'm interested in if we can hold these levels.
I haven't got data of last month available and not shure if I get what you mean.We're seeing big volume not seen since the middle of last month. I'm interested in if we can hold these levels.
Could you quantify your statement please. What volume (Gox bid total till 14,00 = 4,020 BTC or Gox bid at 14,00 = 814 BTC for example) do you see now and what was the corresponding volume a month ago?
And how meaningful the market depth of Gox is ever? Does it really reflect all Bids and Asks or are there big hidden orders? And is market movement generated more from existing bid/asks or from new orders or is bid/ask even high dynamic - bids fast dissapearing when price turns down?
What is your impression so far?
I'm only referring to actual trades that have occured, not the pending limit orders. Bitcoincharts.com has data going back into June and even farther back in time. As for big sell or buy orders which aren't near the current price, I take those as grain of salt. I've saw many times where those big orders disappear when they near the price those limit orders would be filled.
July 06, 2011, 10:34:16 PM
$15-$17
We're seeing big volume not seen since the middle of last month. I'm interested in if we can hold these levels.
I haven't got data of last month available and not shure if I get what you mean.We're seeing big volume not seen since the middle of last month. I'm interested in if we can hold these levels.
Could you quantify your statement please. What volume (Gox bid total till 14,00 = 4,020 BTC or Gox bid at 14,00 = 814 BTC for example) do you see now and what was the corresponding volume a month ago?
And how meaningful the market depth of Gox is ever? Does it really reflect all Bids and Asks or are there big hidden orders? And is market movement generated more from existing bid/asks or from new orders or is bid/ask even high dynamic - bids fast dissapearing when price turns down?
What is your impression so far?
July 06, 2011, 09:47:38 PM
So far we've avoided a dead cat bounce with Tuesdays intra-day low still the line in the sand. Seeing another day of higher highs and higher lows should bring more confidence in the market.
Mildly bullish.
Mildly bullish.
July 06, 2011, 06:48:11 PM
We're seeing a rebound after a two day selloff with big volume on both days. I would wait to see how it ends on the day just in case its a dead cat bounce. Then I might consider an entry.
I took some nice profits on the way down at 16 and then again at 15. I told myself I was just going to take the money and be happy, but I might put some back in if we get a dead cat bounce, which looks plausible.
you bely your mentality here ...
it is not when you take profits but what you take profits in ...
for every sell there is a buy and vice versa ... sell dollars, buy a car ... buy gold, sell dollars .... buy bitcoin, sell jewellery/wife
what asset do you want to be in today is really the question? ... tomorrow is another day.
July 06, 2011, 03:05:50 PM
$15-$17
We're seeing big volume not seen since the middle of last month. I'm interested in if we can hold these levels.
We're seeing big volume not seen since the middle of last month. I'm interested in if we can hold these levels.
July 06, 2011, 02:26:54 PM
I am guessing "stay the same" in a horizontal channel between, oh, 15 and 17. But just guessing (since I can't vote).
July 06, 2011, 01:34:09 PM
+1
July 06, 2011, 11:21:32 AM
cant vote
anyone else?
anyone else?
Me neither. I thought it was just Chrome hiding the radio buttons again.
July 06, 2011, 11:11:48 AM
cant vote
anyone else?
anyone else?
July 06, 2011, 08:57:44 AM
Now its reset.
Sorry for thiserror.
Sorry for thiserror.
It's locked now, for me at least.
July 06, 2011, 06:03:12 AM
I have reset the poll.
Vote now.
Up
Down
Same?
Vote now.
Up
Down
Same?
Now its reset.
Sorry for thiserror.
July 06, 2011, 02:18:14 AM
i think the big tell here is the volumes traded over the last few days.. when it was going down volumes were very low.. with the rally volumes are 10x greater.. suggesting a strong rebound
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