Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15324.

milkshock100

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Quote from: TERA2 on December 25, 2017, 06:14:41 AM

I was watching the tape and it was really wierd. Trades going off in intervals and long periods of virtually no volume, and that huge gap. Almost like gox getting ddosed.

So you say. I think that was the market being tested. And the market kicked back harder.

orpington

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I know its easy to pick on Finex but that sounds ridiculous.

TERA2

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Deb Rah Von Doom

I was watching the tape and it was really wierd. Trades going off in intervals and long periods of virtually no volume, and that huge gap. Almost like gox getting ddosed.

milkshock100

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Quote from: orpington on December 25, 2017, 06:10:57 AM

Quote from: TERA2 on December 25, 2017, 05:43:19 AM

I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.

That doesn't make much sense.

How so exactly?

He wants to avoid the elephant in the room that doesn’t support his argument.

FWIW he’s a good poster and I respect him but I think he’s running away from the Friday issue. And that is we took a beating on Friday but the market didn’t blink.

orpington

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Quote from: TERA2 on December 25, 2017, 05:43:19 AM

I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.

That doesn't make much sense.

How so exactly?

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Quote from: milkshock100 on December 25, 2017, 05:40:43 AM

Quote from: HairyMaclairy on December 25, 2017, 05:33:33 AM

I agree the daily is ugly. But it’s also close to breaking the trend. Whether it goes up or down from here is the $2 question. Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.

We’ve been nowhere seriously near fridays nightmare since and that gives me confidence.

Yes Friday was bad. I was mentally ready to go back to cryptowinter even though I knew at an intellectual level this is nothing like 2014. I still think the whales have got at least one good shake down in them before business restarts in January - probably two. If I had to place a bet I would go with a shakedown on 28 January with the Segwit 2X fork (it’s actually 4x but no one is counting at this point). I bet it doesn’t have replay protection so the trolls will make a big fuss about that.

Block 501451.

TERA2

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Deb Rah Von Doom

I think Friday was catalyzed by some kind of failure with the Bitfinex trading engine so it's hard to match that kind of momentum without that still going on.

milkshock100

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Quote from: HairyMaclairy on December 25, 2017, 05:33:33 AM

I agree the daily is ugly. But it’s also close to breaking the trend. Whether it goes up or down from here is the $2 question. Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.

We’ve been nowhere seriously near fridays nightmare since and that gives me confidence.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

I agree the daily is ugly. But it’s also close to breaking the trend. Whether it goes up or down from here is the $2 question. Hard to read anything into it - price just seems to be drifting aimlessly for the past 5 hours.

Wekkel

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yes

Quote from: TERA2 on December 25, 2017, 05:24:27 AM

My view is different. I think the daily chart looks pretty ugly compared to previous drops. The best case scenario is that it goes back up for a double top at 20k before the real crash. More realistically it only makes it to 16K.

I am also cautious. Usually, that is a contra-indicator Grin

TERA2

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Deb Rah Von Doom

My view is different. I think the daily chart looks pretty ugly compared to previous drops. The best case scenario is that it goes back up for a double top at 20k before the real crash. More realistically it only makes it to 16K.

milkshock100

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Quote from: TERA2 on December 25, 2017, 05:11:50 AM

It is being a little too aggressive about challenging that line. it might break and go to a different slower line i didnt I draw.

My view is the immediate danger has now passed. Any catastrophic collapse down to below 10k looks off the table completely.

TERA2

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Deb Rah Von Doom

It is being a little too aggressive about challenging that line. it might break and go to a different slower line i didnt I draw.

milkshock100

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Quote from: TERA2 on December 25, 2017, 04:57:50 AM

That looks bullish to me

TERA2

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Deb Rah Von Doom

milkshock100

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Quote from: BlindMayorBitcorn on December 25, 2017, 04:37:03 AM

Quote from: milkshock100 on December 25, 2017, 03:52:29 AM

Looks like bitcoin is giving us our Christmas presents

Still seems sort of dumpy from this angle.

Higher lows....

svdleer

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For a moment it looked the price was increasing, but many new sell orders are inserted below the walls

BlindMayorBitcorn

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Quote from: jbreher on December 25, 2017, 04:38:28 AM

Merry Xmas, WO!

Deck all the halls!

jbreher

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lose: unfind ... loose: untight

Merry Xmas, WO!

BlindMayorBitcorn

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Quote from: milkshock100 on December 25, 2017, 03:52:29 AM

Looks like bitcoin is giving us our Christmas presents

Still seems sort of dumpy from this angle.

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