Beartrap and manipulation of prices for the auction... just as spected before the rally
Bulltrap(600) in an extended bulltrap(680) has been closed, nobody cares about the auction, decline to 250$ is in progress. Nothing to see here.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27057. (Read 26709729 times)
June 25, 2014, 03:10:23 AM
Bulltrap(600) in an extended bulltrap(680) has been closed, nobody cares about the auction, decline to 250$ is in progress. Nothing to see here.
June 25, 2014, 03:02:54 AM
Beartrap and manipulation of prices for the auction... just as expected before the rally
June 25, 2014, 03:02:18 AM
FUCK THIS IS DEPRESSING
If people get depressed from the price, just look at the hashrate.
[img]http://bitcoin.sipa.be/speed-small-lin.png
truly insane
Hash rate doesn't really imply the price value now though, does it?
but it means that it good long term investment, no?
June 25, 2014, 03:00:48 AM
June 25, 2014, 03:00:29 AM
June 25, 2014, 02:53:58 AM
FUCK THIS IS DEPRESSING
If people get depressed from the price, just look at the hashrate.
[img]http://bitcoin.sipa.be/speed-small-lin.png
truly insane
Hash rate doesn't really imply the price value now though, does it?
June 25, 2014, 02:47:13 AM
+1
Sub $200? not plausible -for me, even if we go sub 530 I am buying.... Sub 500 and 'sorry granny - but you're for sale'.
June 25, 2014, 02:45:39 AM
GO go goldy! 
June 25, 2014, 02:35:05 AM
We just continuing to see a front run on the fear of the to be Auctioned coins, or the bitcoinverse just doing its thang.
June 25, 2014, 02:21:20 AM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
I like lines!
which line were you referring to exactly?
If you draw the trend line with the two points at red arrows you would have predicted
1: the $340 crash bottom
2: confirmation of the trend reversal with the huge pump "out of nowhere"
3: bounce from the last 680-540 crash
that trend line
What, you thought this trend line could go on forever?
Haha. Why, exactly? Because Bitcoin said so?
More interesting question is where a new support line would form (assuming trend is broken). "The bubble baseline" - somewhere between $100 and $200 seems way too pessimistic, imho.
Well if we, for a moment, throw arbitrary log lines out the window and just focus on common sense, we will note that the gutting of MtGox and the major desimation of the China Bitcoin markets brought us down to 360ish and then resolved into the low 400's where we literally ran out of sellers.
So, if we assume nothing worse than those two huge negative events occurs in the near future, we are not going to go below the 420s, because people will refuse to sell.
The 78% retracement is around $530ish. That's probably as low as we go. Maybe 500 on a really bad sell off.
The other option is we go UP! However, that doesn't mean we go follow this arbitrary trend line everyone is crapping the bed about.
yeah, I am also betting on previous bottoms: most likely $522-538, if not $450 or at worse $340, though not very likely. A year from now, even "bubble baseline" (exponential) will be around today's price.
June 25, 2014, 02:08:00 AM
GO go go huobi!
June 25, 2014, 02:00:46 AM
June 25, 2014, 01:28:58 AM
With Bitcoin, the candle highs and lows are easily manipulated due to the size of the market. The best way to represent trendlines are thus to base off the candle close.
This is the one I'm monitoring on the daily chart. But again, I'd only declare it broken if a candle actually closed beneath it.
But the candle close changes if you use a different time interval on Bwisdom This is the one I'm monitoring on the daily chart. But again, I'd only declare it broken if a candle actually closed beneath it.
June 25, 2014, 01:00:46 AM
June 25, 2014, 12:46:37 AM
With Bitcoin, the candle highs and lows are easily manipulated due to the size of the market. The best way to represent trendlines are thus to base off the candle close.
This is the one I'm monitoring on the daily chart. But again, I'd only declare it broken if a candle actually closed beneath it.
This is the one I'm monitoring on the daily chart. But again, I'd only declare it broken if a candle actually closed beneath it.
June 25, 2014, 12:37:47 AM
Nice! They broke it
June 25, 2014, 12:19:18 AM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
I like lines!
which line were you referring to exactly?
If you draw the trend line with the two points at red arrows you would have predicted
1: the $340 crash bottom
2: confirmation of the trend reversal with the huge pump "out of nowhere"
3: bounce from the last 680-540 crash
that trend line
What, you thought this trend line could go on forever?
Haha. Why, exactly? Because Bitcoin said so?
More interesting question is where a new support line would form (assuming trend is broken). "The bubble baseline" - somewhere between $100 and $200 seems way too pessimistic, imho.
Well if we, for a moment, throw arbitrary log lines out the window and just focus on common sense, we will note that the gutting of MtGox and the major desimation of the China Bitcoin markets brought us down to 360ish and then resolved into the low 400's where we literally ran out of sellers.
So, if we assume nothing worse than those two huge negative events occurs in the near future, we are not going to go below the 420s, because people will refuse to sell.
The 78% retracement is around $530ish. That's probably as low as we go. Maybe 500 on a really bad sell off.
The other option is we go UP! However, that doesn't mean we go follow this arbitrary trend line everyone is crapping the bed about.
June 25, 2014, 12:17:33 AM
apologies if this has already been asked and answered, but will we know what the coins have sold for on the 27th? I didn't think such things were reported?
This question has been asked and answered, indeed. It is on the USMS FAQ, whose link is at the top of the auction announcement.The USMS will not release any information about the outcome; they will notify the winners that they have won and must send the payment, and tell the losers that they have not won, period. BUT on the next line they next give instructions on how to submit a FOIA request, BUT BUT they remind readers that there are exceptions to what you can get with a FOIA.
If you still cannot read this answer, try un-ignoring me, just for this post.
June 25, 2014, 12:14:58 AM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
I like lines!
which line were you referring to exactly?
If you draw the trend line with the two points at red arrows you would have predicted
1: the $340 crash bottom
2: confirmation of the trend reversal with the huge pump "out of nowhere"
3: bounce from the last 680-540 crash
that trend line
What, you thought this trend line could go on forever?
Haha. Why, exactly? Because Bitcoin said so?
More interesting question is where a new support line would form (assuming trend is broken). "The bubble baseline" - somewhere between $100 and $200 seems way too pessimistic, imho.
June 25, 2014, 12:08:19 AM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
I like lines!
which line were you referring to exactly?
If you draw the trend line with the two points at red arrows you would have predicted
1: the $340 crash bottom
2: confirmation of the trend reversal with the huge pump "out of nowhere"
3: bounce from the last 680-540 crash
that trend line
What, you thought this trend line could go on forever?
Haha. Why, exactly? Because Bitcoin said so?
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