It's quiet... *too* quiet! - page 2.

Jonathan Ryan Owens

donator

Activity: 392

Merit: 252

Quote from: ElectricMucus on November 22, 2011, 07:10:50 PM

Quote from: PatrickHarnett on November 22, 2011, 07:03:12 PM

Quote from: StewartJ on November 22, 2011, 06:01:40 PM

Quote from: Jonathan Ryan Owens on November 22, 2011, 05:34:25 PM

Quote from: PatrickHarnett on November 22, 2011, 05:31:18 PM

wait

Just a few thousand more BTC depth from 2.15 - 2.30 to go..

I see on the Gox Depth Table, a 10K bid at $2.10 and an 8K bid at $2.15.

Do these prices look to be the new lows for a while?

SJ

shhhh

btw - on the GOX depth table, there are more bids than coins in existence, or that will ever be in existence (total = 27 million bid)

Which doesn't mean that they gonna stay there... and that was the case probably when the price was at 20 also... To this comes people tend to sell at a loss if they don't believe in the fundamentals.

What fundamentals?

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

It's quiet... *too* quiet!

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: PatrickHarnett on November 22, 2011, 07:03:12 PM

Quote from: StewartJ on November 22, 2011, 06:01:40 PM

Quote from: Jonathan Ryan Owens on November 22, 2011, 05:34:25 PM

Quote from: PatrickHarnett on November 22, 2011, 05:31:18 PM

wait

Just a few thousand more BTC depth from 2.15 - 2.30 to go..

I see on the Gox Depth Table, a 10K bid at $2.10 and an 8K bid at $2.15.

Do these prices look to be the new lows for a while?

SJ

shhhh

btw - on the GOX depth table, there are more bids than coins in existence, or that will ever be in existence (total = 27 million bid)

Which doesn't mean that they gonna stay there... and that was the case probably when the price was at 20 also... To this comes people tend to sell at a loss if they don't believe in the fundamentals.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: PatrickHarnett on November 22, 2011, 07:03:12 PM

Quote from: StewartJ on November 22, 2011, 06:01:40 PM

Quote from: Jonathan Ryan Owens on November 22, 2011, 05:34:25 PM

Quote from: PatrickHarnett on November 22, 2011, 05:31:18 PM

wait

Just a few thousand more BTC depth from 2.15 - 2.30 to go..

I see on the Gox Depth Table, a 10K bid at $2.10 and an 8K bid at $2.15.

Do these prices look to be the new lows for a while?

SJ

shhhh

btw - on the GOX depth table, there are more bids than coins in existence, or that will ever be in existence (total = 27 million bid)

Nudge nudge, wink wink...

If there are more bids than bitcoins, than it's like the silver market, way more paper than actual physical.

I guess I need to be holding "physical" bitcoin....

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: StewartJ on November 22, 2011, 06:01:40 PM

Quote from: Jonathan Ryan Owens on November 22, 2011, 05:34:25 PM

Quote from: PatrickHarnett on November 22, 2011, 05:31:18 PM

wait

Just a few thousand more BTC depth from 2.15 - 2.30 to go..

I see on the Gox Depth Table, a 10K bid at $2.10 and an 8K bid at $2.15.

Do these prices look to be the new lows for a while?

SJ

shhhh

btw - on the GOX depth table, there are more bids than coins in existence, or that will ever be in existence (total = 27 million bid)

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: StewartJ on November 22, 2011, 06:01:40 PM

I see on the Gox Depth Table, a 10K bid at $2.10 and an 8K bid at $2.15.

Do these prices look to be the new lows for a while?

SJ

Yup.
Or not.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: Jonathan Ryan Owens on November 22, 2011, 05:34:25 PM

Quote from: PatrickHarnett on November 22, 2011, 05:31:18 PM

wait

Just a few thousand more BTC depth from 2.15 - 2.30 to go..

I see on the Gox Depth Table, a 10K bid at $2.10 and an 8K bid at $2.15.

Do these prices look to be the new lows for a while?

SJ

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

What I know of candlestick patterns the rally should be over now and it should go down from here. (Multiple dojis at resistance level)

On the other hand they haven't been very reliable lately.
My other indicators (Aroon Down is spiking while heads downwards goes down) suggests that the bears have taken over at least temporarily but the bulls could get back in the race with a few consecutive buys. The bulls hope is that the bears overdo it again we will move out of the Bollinger Band bounce back in and continue the upwards movement. However if there is a sustained downwards move for over an hour the price would back to 2.2.

A crash is possible in any scenario, it all depends on "The manipulators"

I am liquidating part of my short position as long it is profitable to reduce the risk since I know the sentimental bulls can be quite resentful, just in case they really have enough funds to attempt a short squeeze. Stinks but security goes before profit.

Jonathan Ryan Owens

donator

Activity: 392

Merit: 252

Quote from: PatrickHarnett on November 22, 2011, 05:31:18 PM

wait

Just a few thousand more BTC depth from 2.15 - 2.30 to go..

PatrickHarnett

hero member

Activity: 518

Merit: 500

wait

trogdorjw73

hero member

Activity: 482

Merit: 500

So, we've had since about 5AM GMT on Nov. 20 with no super large sell or buy orders, leaving us in a lull of activity while we all wait (and hedge our bets) on the next big move. Up or down, that's the question. A single 10K BTC sell could drop us to $2.19 or so, while a 10K BTC buy would bump us up to $2.40, so not very large movements. 20K BTC would extend the range to $2.15 and $2.47, and 30K would give us $2.12 and $2.59. Of course, that's only if we had a single giant sell/buy order, as a bunch of smaller orders would quickly trigger bots to rearrange the walls. If we follow last month's pattern, we'll have a slow upward trend for the next couple of weeks, but who knows what will happen over the holidays -- any guesses?

Topic: It's quiet... *too* quiet! - page 2. (Read 3086 times)

Topic: It's quiet... too quiet! - page 2. (Read 3086 times)