Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27283. (Read 26619966 times)
June 07, 2014, 12:01:07 AM
June 06, 2014, 11:58:38 PM
Just got home.. Somebody eat that whall! I'll do it, someone just lend me some cash
I'm all out of fiat...
note to self: I need to start selling random stuff from my house for BTC.
Hopefully this wall will be gone by tomorrow. Also, the US is still sleeping, wait a few hours.
what if I told you I am the US, and I am not sleeping
Most US people I know like to trade at broad daylight
There will surely be more traders tomorrow(?) than it is now. What's it like there, 1 AM?
Gotta wait 3 more hours to find out
June 06, 2014, 11:49:52 PM
Just got home.. Somebody eat that whall! I'll do it, someone just lend me some cash
I'm all out of fiat...
note to self: I need to start selling random stuff from my house for BTC.
Hopefully this wall will be gone by tomorrow. Also, the US is still sleeping, wait a few hours.
what if I told you I am the US, and I am not sleeping
Most US people I know like to trade at broad daylight
There will surely be more traders tomorrow(?) than it is now. What's it like there, 1 AM?
June 06, 2014, 11:48:22 PM
Just got home.. Somebody eat that whall! I'll do it, someone just lend me some cash
I'm all out of fiat...
note to self: I need to start selling random stuff from my house for BTC.
Hopefully this wall will be gone by tomorrow. Also, the US is still sleeping, wait a few hours.
what if I told you I am the US, and I am not sleeping
June 06, 2014, 11:43:29 PM
Just got home.. Somebody eat that whall! I'll do it, someone just lend me some cash
I'm all out of fiat...
note to self: I need to start selling random stuff from my house for BTC.
Hopefully this wall will be gone by tomorrow. Also, the US is still sleeping, wait a few hours.
June 06, 2014, 11:39:27 PM
Just got home.. Somebody eat that whall! I'll do it, someone just lend me some cash
June 06, 2014, 11:26:13 PM
Rule of Thirds in play with price bouncing wildly between 633 and 666. It looks like a whale mating ritual, not normal price discovery. Greed will win and we'll hit the magic 777 before the next pnd or dnp gambit.
June 06, 2014, 11:24:03 PM
I can't wait till someone buys that 655 1k wall
munch munch
haha! I hope this guy had no intent to sell and wakes up crying at his loss of 1.1k bitcoin
(Well, ~350ATM)Yeah.. Move it or lose it Wally the wall man!
June 06, 2014, 11:16:58 PM
LOL at that! Morning's off to a great start.
June 06, 2014, 11:08:06 PM
I can't wait till someone buys that 655 1k wall
munch munch
haha! I hope this guy had no intent to sell and wakes up crying at his loss of 1.1k bitcoin
(Well, ~350ATM) June 06, 2014, 11:04:15 PM
I can't wait till someone buys that 655 1k wall
munch munch
June 06, 2014, 11:01:55 PM
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June 06, 2014, 11:01:06 PM
June 06, 2014, 10:53:35 PM
RALL-Y! RALL-Y! RALL-Y! RALL-Y! RALL-Y! RALL-Y! RALL-Y!
June 06, 2014, 10:35:59 PM
You need to understand that whatever lines of support/resistance is used by the most money becomes the most valid. Most financial markets are keen on drawing lines connecting 3 or more highs or lows. Anything less than 3 is an arbitrary line. If 3 line up, it's much more rare.
ok, I'm not a complete neophyte.
I'm not sure why but I chose the point where I thought resistance had become support as a close enough indicator for my third point.
this may or may not have been foolish, we will have to wait to find out.
your point is of course, totally valid. unless the price breaks down below your line, then I agree it is the stronger line.
June 06, 2014, 10:31:10 PM
You need to understand that whatever lines of support/resistance is used by the most money becomes the most valid. Most financial markets are keen on drawing lines connecting 3 or more highs or lows. Anything less than 3 is an arbitrary line. If 3 line up, it's much more rare.
June 06, 2014, 10:28:34 PM
Your bottom line is wrong. Connect the 3 bottom spikes. That's a much stronger line of support, and it's also much more bullish.
I disagree. The bottom line is based on high volume bearish candles for good reason.
The recent low candle he wasn't including before has more volume than one of the lows he was using.
These touchpoints are chosen pretty much randomly, just by feel.
please do not read into them more than that/
June 06, 2014, 10:26:23 PM
while i'm not advocating for a crash, it's just not as fun when things are moving like a freight train 
June 06, 2014, 10:25:43 PM
June 06, 2014, 10:24:33 PM
Good morning everyone! Today we should finally see some movement.
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