Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25128.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: BldSwtTrs on October 10, 2014, 11:58:33 AM

Quote from: billyjoeallen on October 10, 2014, 11:53:07 AM

We are on track to cross over the 12 HR moving average into bull market territory this weekend. That hasn't happened since Paypal announced they would be accepting bitcoin at one of their subsidiaries. At ~$400 we would see the first daily crossover since July 1. Of course that buy signal couldn't have been more wrong, so take market momentum as a guide, but a far from infallible one. What is more encouraging is that the order books are strongly bullish at Stamp and BFX.

I'm keeping some powder dry, but looking for an opportunity to load up, possibly late Sat or Sunday when the banks are closed and buyers are out of fiat. I suspect soon that sellers and the people who made a quick $100/BTC on the latest dip/spike will run out of coins first, but time will tell.

What 12 HR means?

twelve hour moving average. an indicator of market momentum.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: WeltMaster on October 10, 2014, 11:59:50 AM

I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

The crash and 30k sell off got a lot of news. A positive effect is that it got the attention of a lot of new people who thought it was a good time to get in. This was exactly what we needed. The best thing that could happen at this point.

We saw crazy buying pressure the last few days but this has stopped because all these new people who bought coins got completely dumped on by traders who tried to take their 50 bucks profit. This is combination with the big dumps as we've seen the last few months and people putting up big ask walls everytime we go up and the probably only uptrend we could've wished for has stopped.

New people will stop buying. They realize they are giving away their money to scum traders who destroy the very same product they try to invest in.
Let's hope it's not completely over yet and there are still enough new people who are willing to give this a try. But even if there are chances are they will get dumped on as soon as the price rises a bit. Traders and dumpers will keep doing this till there is noone to dump on anymore.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: BldSwtTrs on October 10, 2014, 11:58:33 AM

What 12 HR means?

The "12-hour moving average" (MA) is the average of the price over the last 12 hours, recomputed every hour or less (that's the "moving" part).

BBmmBB

newbie

Activity: 56

Merit: 0

Quote from: HerrAndreas on October 10, 2014, 12:08:31 PM

Quote from: karolina on October 10, 2014, 12:01:06 PM

Quote from: WeltMaster on October 10, 2014, 11:59:50 AM

I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

I'm thinking maybe a lot of people believe we hit bottom, and are looking for entry.

Or maybe all the major news over the past 6 months, not priced in yet.

all my trading and price developement understanding comes only from bitcoin, but imho
"News" start to be priced in just before they become "News". As soon as everybody knows (/thinks/believes/fears/hopes) something it is already in the price.

BUY the rumor ~ SELL the fact ! Wink

BBmmBB

newbie

Activity: 56

Merit: 0

Quote from: WeltMaster on October 10, 2014, 11:59:50 AM

I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

^wait for bitcoin CEO to say something at the conference call ? lmfao !!! Cheesy

HerrAndreas

full member

Activity: 212

Merit: 100

Quote from: karolina on October 10, 2014, 12:01:06 PM

Quote from: WeltMaster on October 10, 2014, 11:59:50 AM

I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

I'm thinking maybe a lot of people believe we hit bottom, and are looking for entry.

Or maybe all the major news over the past 6 months, not priced in yet.

all my trading and price developement understanding comes only from bitcoin, but imho
"News" start to be priced in just before they become "News". As soon as everybody knows (/thinks/believes/fears/hopes) something it is already in the price.

staffsan

jr. member

Activity: 33

Merit: 3

Quote from: macsga on October 10, 2014, 12:01:46 PM

PS:
Double bottom detected.

I believe i already did point this out, along with the most fabulous of pictures, in the previous page!

But yeah, i hear you, CCMF!

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: billyjoeallen on October 10, 2014, 11:55:14 AM

Has anyone else noticed that women tend to run out on you when you need their support the most? I see them as a luxury, something nice to have when times are good but unnecessary and actually a harmful distraction much of the time.

People are a luxury to each other no matter the gender. We're not obliged to hang on to somebody and he/she is not obliged to hang on to us. Meaningful to say that before attaching to (or even searching for) someone it is vital to obtain your personal peace. Whenever a person has his/her issues and "begs" his/her partner to solve them for him/her, it's most than certain it will be a programmed disaster at the end of the tunnel.

Just my BTC0.00000002

PS:
Double bottom detected.
CCMF imminent?

karolina

full member

Activity: 131

Merit: 100

Quote from: WeltMaster on October 10, 2014, 11:59:50 AM

I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

I'm thinking maybe a lot of people believe we hit bottom, and are looking for entry.

Or maybe all the major news over the past 6 months, not priced in yet.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

WeltMaster

sr. member

Activity: 437

Merit: 250

I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

staffsan

jr. member

Activity: 33

Merit: 3

Quote from: billyjoeallen on October 10, 2014, 11:55:14 AM

Has anyone else noticed that the stupid and egocentric type of women tend to run out on you when you need their support the most? I see them as a luxury, something nice to have when times are good but unnecessary and actually a harmful distraction much of the time.

Ftfy. There are nice girls, keep looking.

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Quote from: billyjoeallen on October 10, 2014, 11:53:07 AM

We are on track to cross over the 12 HR moving average into bull market territory this weekend. That hasn't happened since Paypal announced they would be accepting bitcoin at one of their subsidiaries. At ~$400 we would see the first daily crossover since July 1. Of course that buy signal couldn't have been more wrong, so take market momentum as a guide, but a far from infallible one. What is more encouraging is that the order books are strongly bullish at Stamp and BFX.

I'm keeping some powder dry, but looking for an opportunity to load up, possibly late Sat or Sunday when the banks are closed and buyers are out of fiat. I suspect soon that sellers and the people who made a quick $100/BTC on the latest dip/spike will run out of coins first, but time will tell.

What does 12 HR mean?

karolina

full member

Activity: 131

Merit: 100

There's gonna be some nice upward movement momentarily....

WeltMaster

sr. member

Activity: 437

Merit: 250

Quote from: NotLambchop on October 10, 2014, 11:43:41 AM

Quote from: WeltMaster on October 10, 2014, 11:37:55 AM

All aboard! Grin

Don't be silly. Those are bolted to the ground.

Not for long :^)

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Has anyone else noticed that women tend to run out on you when you need their support the most? I see them as a luxury, something nice to have when times are good but unnecessary and actually a harmful distraction much of the time.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

We are on track to cross over the 12 HR moving average into bull market territory this weekend. That hasn't happened since Paypal announced they would be accepting bitcoin at one of their subsidiaries. At ~$400 we would see the first daily crossover since July 1. Of course that buy signal couldn't have been more wrong, so take market momentum as a guide, but a far from infallible one. What is more encouraging is that the order books are strongly bullish at Stamp and BFX.

I'm keeping some powder dry, but looking for an opportunity to load up, possibly late Sat or Sunday when the banks are closed and buyers are out of fiat. I suspect soon that sellers and the people who made a quick $100/BTC on the latest dip/spike will run out of coins first, but time will tell.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: Cheeseonastick on October 10, 2014, 11:37:52 AM

Quote from: billyjoeallen on October 10, 2014, 11:32:36 AM

Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.

Choo choo.

Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange?

Coinbase buys coins from BitPay.

FNG

hero member

Activity: 588

Merit: 500

Quote from: BitChick on October 10, 2014, 11:41:48 AM

Quote from: billyjoeallen on October 10, 2014, 11:32:36 AM

Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means Silicone Valley is buying.

You would think that they could just buy more off the exchange? Undecided

How complicated is it? I think that is the most annoying thing about Coinbase by far!!! Angry

It's usually cleared up within 30 mins.

They can't keep all of their btc in a hot wallet. If buyers overwhelm sellers they need to grab from cold storage or buy

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: billyjoeallen on October 10, 2014, 11:42:30 AM

Quote from: Cheeseonastick on October 10, 2014, 11:37:52 AM

Quote from: billyjoeallen on October 10, 2014, 11:32:36 AM

Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.

Choo choo.

Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange?

They get most of them from customers selling (some of which are miners), but when they need extra liquidity, it is rumored they buy on Bitstamp.

Keep trying. Sometimes it just says that.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25128. (Read 26623502 times)