Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26435.

thefunkybits

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Quote from: molecular on August 18, 2014, 03:01:01 AM

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope Wink

The SR bust only relieved sell pressure that had built up and I believe the price would have turned bearish around that point anyways.

I remember thinking before the SR crash that there was some sell pressure that needed to be relieved (although I knew we were well in place for another exponential rise in the price). I was right in this thinking, but the news was just a catalyst for this pressure to be released.

I believe the same thing is happening now without the "news"

fonzie

hero member

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Moderator

@Newbie1022

How long did it take until you became fully gambling addicted? Cheesy

Newbie1022

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Quote from: rpietila on August 18, 2014, 02:59:47 AM

Quote from: Newbie1022 on August 18, 2014, 02:11:44 AM

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

I have eaten rather well, thank you for asking. Slept - not so much. But the said dinner lasted 8 hours from the appointed time, what can I do?

Fun!!

Newbie1022

full member

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Quote from: molecular on August 18, 2014, 03:01:01 AM

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope Wink

Interesting!

zby

legendary

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Quote from: MrPiggles on August 18, 2014, 02:28:20 AM

It's always amusing to log in and see the change in sentiment you guys get from a 3-5% swing in either direction.

5% up this thread is TO DA MOON with happy gifs, rockets and bulls.

5% down and everyones crying into their hankies, talking about blood and posting expert analyses on why bitcoin will be worthless soon.

There's no middle ground with many of you

Outside of bitcoin 5% swing is huge.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: thefunkybits on August 18, 2014, 02:30:44 AM

Quote from: Newbie1022 on August 18, 2014, 01:58:11 AM

Our left shoulder has drastically less sell volume than our right shoulder, which tells me this might not be a true H&S pattern

Looks like a margin hunter to me...

I was thinking that, too... I figured maybe it is just a retarded shoulder... like those guys with the little deformed hand... I had a law professor with a little deformed hand... funny and brilliant guy.

Then again, if you look at the 1 day map on Bitfinex... it is a perfect head and shoulder... but that perspective is creepy and way more pessimistic than I am when I look at the market.

molecular

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Quote from: rpietila on August 18, 2014, 02:59:47 AM

Quote from: Newbie1022 on August 18, 2014, 02:11:44 AM

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

I have eaten rather well, thank you for asking. Slept - not so much. But the said dinner lasted 8 hours from the appointed time, what can I do?

coke?

molecular

donator

Activity: 2772

Merit: 1019

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope Wink

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Newbie1022 on August 18, 2014, 02:11:44 AM

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

I have eaten rather well, thank you for asking. Slept - not so much. But the said dinner lasted 8 hours from the appointed time, what can I do?

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Phillis

sr. member

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stamp and bitfinex don't seem to give a fuck about what china is doing

thefunkybits

legendary

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Quote from: Newbie1022 on August 18, 2014, 01:58:11 AM

Our left shoulder has drastically less sell volume than our right shoulder, which tells me this might not be a true H&S pattern

Looks like a margin hunter to me...

MrPiggles

sr. member

Activity: 980

Merit: 256

Decentralized Ascending Auctions on Blockchain

It's always amusing to log in and see the change in sentiment you guys get from a 3-5% swing in either direction.

5% up this thread is TO DA MOON with happy gifs, rockets and bulls.

5% down and everyones crying into their hankies, talking about blood and posting expert analyses on why bitcoin will be worthless soon.

There's no middle ground with many of you

Ozziecoin

sr. member

Activity: 448

Merit: 250

I really don't think I'm dreaming this up because it's still ongoing. China is consistently selling off:

I'm not trying to FUD. I'm a long Btc holder.

Newbie1022

full member

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Merit: 100

?

Newbie1022

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Merit: 100

Quote from: Threebits on August 18, 2014, 02:14:42 AM

Quote from: rebuilder on August 18, 2014, 01:56:56 AM

Quote from: Threebits on August 18, 2014, 01:40:59 AM

Quote from: Newbie1022 on August 18, 2014, 12:42:56 AM

Quote from: Ozziecoin on August 18, 2014, 12:40:34 AM

Did anybody notice the China sell off?

My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there? Thanks.

Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is.

Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation?

I can give you a psychological one: It's all in your head. All kinds of things happen all the time, but the pattern recognition engine that is the mind mostly ignores it until it can link things together in a narrative. A lot of the time, that narrative is entirely fictional.

It's strange that people quite often have the same fictional pattern in a bearish market. This clearly makes the market even more bearish! It's hard to understand its only fictional.

You mean that dog is not giving me instructions to kill, kill, kill? Oh. Thanks.

Threebits

member

Activity: 75

Merit: 10

Quote from: rebuilder on August 18, 2014, 01:56:56 AM

Quote from: Threebits on August 18, 2014, 01:40:59 AM

Quote from: Newbie1022 on August 18, 2014, 12:42:56 AM

Quote from: Ozziecoin on August 18, 2014, 12:40:34 AM

Did anybody notice the China sell off?

My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there? Thanks.

Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is.

Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation?

I can give you a psychological one: It's all in your head. All kinds of things happen all the time, but the pattern recognition engine that is the mind mostly ignores it until it can link things together in a narrative. A lot of the time, that narrative is entirely fictional.

It's strange that people quite often have the same fictional pattern in a bearish market. This clearly makes the market even more bearish! It's hard to understand its only fictional.

Newbie1022

full member

Activity: 238

Merit: 100

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: gizmoh on August 18, 2014, 01:56:56 AM

All bulls on margin will break loose if we go sub $450..So why bid higher? Roll Eyes

This... and I also think it is starting to become a self-fulfilling prophecy for that reason. The order book above 450 on Bitfinex is pretty dry.

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