Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26238.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: dropt on August 20, 2014, 02:59:20 PM

Quote from: ImI on August 20, 2014, 02:55:59 PM

Its called market wisdom. Markets dont wait to price something in until the very last trader has understood whats going on. They start way ahead of the actual news...

So then, it's plausible that our dumper friend is inside to these ETF's and has learned that they'll (Wink) not be approved?

Haha! Nice interpretation. Wink

I expect Winklevoss to come out with some sort of announcement at Nov/Dez. I remember to have read some interview with some Wallstreetguy who said that he expect results about the ETF in 2014.
Markets usually start to price in news way before the event itself. So that would lead to sep/oct/nov as some nice pre-movement.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: molecular on August 20, 2014, 02:57:58 PM

Quote from: Torque on August 20, 2014, 12:03:52 PM

Just remember kids: sharp bounces don't necessarily mean a true reversal.

Just look at what happened in April - a sharp bounce from bottom off 339 all the way to 554 on about 4X the volume of this recent bounce. Everybody cheered "Hooray! Look at that volume! Downtrend is over, bottom is in, only up from here!" Then look what happened over the next 2 weeks after the rally... slow fall from 554 down to 420's. Where it stayed for a month.

So yeah. I predict that within 10 days (by 9/1) you'll have your answer whether this rally was sustainable or not.

who cares? up! ccmf!

What he's not taking into account is that we're coming to the end of a long continuation pattern that started when $1100 fell in November, so volume is expected to dry up as the price bounces off an ever-decreasing price ceiling. That means if we break above $570 it will be a more important breakout psychologically than the one in April, giving us an almost textbook bullish pennant, breaking out 3/4 of the way through.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Alley on August 20, 2014, 03:00:11 PM

Could the price increase be because of the jump in difficulty yesterday?

there's so many things contributing to the price of a bitcoin on these markets we look at. The most influencial ones are the internal dynamics of that market itself, at least in the short term.

grappa_barricata

full member

Activity: 154

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playing pasta and eating mandolinos

Alley

legendary

Activity: 910

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Could the price increase be because of the jump in difficulty yesterday?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

molecular

donator

Activity: 2772

Merit: 1019

Quote from: derpinheimer on August 20, 2014, 02:51:28 PM

Hm, I just noticed something...

I think the BFX "mega-whale" may be shared orderbooks between stamp and bfx again. They stopped doing that awhile ago, but after the long squeeze its back on.

This means BFX bid walls are mostly "fake" (in that they are not backed by anything) if correct.

?

can you explain that in a little more detail about this "shared orderbook"?

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: ImI on August 20, 2014, 02:55:59 PM

Its called market wisdom. Markets dont wait to price something in until the very last trader has understood whats going on. They start way ahead of the actual news...

So then, it's plausible that our dumper friend is inside to these ETF's and has learned that they'll (Wink) not be approved?

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Double top?

Short squeeze might be over for today...
or nah?

bassclef

hero member

Activity: 924

Merit: 1000

Weekly green candle. Reversal forming on Huobi 12h with solid volume. Will probably bounce back to $500, but this last dumpfest loaded the spring even more so I wouldn't trade it.

Bullish.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Torque on August 20, 2014, 12:03:52 PM

Just remember kids: sharp bounces don't necessarily mean a true reversal.

Just look at what happened in April - a sharp bounce from bottom off 339 all the way to 554 on about 4X the volume of this recent bounce. Everybody cheered "Hooray! Look at that volume! Downtrend is over, bottom is in, only up from here!" Then look what happened over the next 2 weeks after the rally... slow fall from 554 down to 420's. Where it stayed for a month.

So yeah. I predict that within 10 days (by 9/1) you'll have your answer whether this rally was sustainable or not.

who cares? up! ccmf!

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Yololintian on August 20, 2014, 02:30:17 PM

LOL at these idiots refusing to close their shotrs

that's what I thought when I just saw what was going on and went to check the shorts on finex, expecting them to have reduced quite a bit... to my surprise they only got reduced by ~1,100 BTC (~15%)

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: Wandererfromthenorth on August 20, 2014, 02:41:35 PM

At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF.
Until then, rises might be short lived Sad

You are aware of that the market wont wait until the ETF is trading at Nasdaq? Its not like we see a big jump at that day and thats it. Obv the ETF will have some impact well before they go online at Nasdaq and well before they make the official announcement when they will do so.

Its called market wisdom. Markets dont wait to price something in until the very last trader has understood whats going on. They start way ahead of the actual news...

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

4% stop hunting with associated whipsaw. You saw it first, only here, in bitcoinland.

fonzie

hero member

Activity: 504

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Moderator

Quote from: Newbie1022 on August 20, 2014, 02:43:35 PM

Quote from: Wandererfromthenorth on August 20, 2014, 02:41:35 PM

At this point there is only THE catalyst that could really put BTC is real bull mode: and that is the Winklevoss ETF.
Until then, rises might be short lived Sad

This... this is a short-term bounce in a bear market. But it is the type of short term bounce that will go at least 30 and could go 100... so I am ok in riding on the free money give away.

Stupid bears have you missed train, or even short?

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: ssmc2 on August 20, 2014, 02:41:14 PM

If we don't break 530 we's in trouble.

This. Set stop losses!!! BUT, I think China is just taking a breather... I think we are going up strong at least for today.

ZephramC

sr. member

Activity: 475

Merit: 255

Quote from: ZephramC on August 20, 2014, 11:21:48 AM

Quote from: adamstgBit on August 20, 2014, 11:18:11 AM

stop wasting ammo
target 490
its not like the bear has a choice.

Bear can choose 457 in 8 hours.

OK. My second guess is stoping at 555-560 for a while.

derpinheimer

legendary

Activity: 896

Merit: 1000

Hm, I just noticed something...

I think the BFX "mega-whale" may be shared orderbooks between stamp and bfx again. They stopped doing that awhile ago, but after the long squeeze its back on.

This means BFX bid walls are mostly "fake" (in that they are not backed by anything) if correct.

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: vuduchyld on August 20, 2014, 02:37:29 PM

Seriously, though, do y'all believe in this run? I mean, it's not sustainable, is it?

Keeping some powder dry, not trying to find THE bottom, still. If I don't buy again for a while, that's OK.

I don't think it's good time to not buy again for a while, there seems to be panic buy making us head up and hopefully not fall from there!

derpinheimer

legendary

Activity: 896

Merit: 1000

Personally, I'm still unconvinced it doesnt go down more either in the next days, weeks, or 2-3 months.

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