Timber?
Not so sure....... unless there is an explanation, I think it's a bear trap.
I don't think bears worry as much about traps these days. 339 that's a bear trap
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28079. (Read 26710089 times)
April 21, 2014, 05:18:54 AM
Not so sure....... unless there is an explanation, I think it's a bear trap.
I don't think bears worry as much about traps these days. 339 that's a bear trap
April 21, 2014, 05:14:22 AM
Timber?
Not so sure....... unless there is an explanation, I think it's a bear trap.
April 21, 2014, 05:12:20 AM
Timber?
April 21, 2014, 05:12:15 AM
hmm something has happened prolly. this is hyper-active outta nowhere. where is yomofo?
April 21, 2014, 05:00:20 AM
April 21, 2014, 04:58:52 AM
uh oh, bouncing off the trend line!
Your best hope for a bull market is for someone besides Houbi to start leading. Because an exchange that's difficult to get fiat into is not going to rally us very far.
April 21, 2014, 04:53:46 AM
uh oh, bouncing off the trend line!
April 21, 2014, 04:49:50 AM
Looks like line may have drawn in the sand. If Houbi falls below 3080 before going to 3500, it may never get to 3500. And the bear market may still rule.
It seems like its either 3080 and below or 3500 and above at this point.
It seems like its either 3080 and below or 3500 and above at this point.
Never? You actually said never?
I understand this is the "speculation" thread but really , let's not get too much Fonzie or Igorr here
Never is a word banned from the bitcoin dictionary.
Yeah I don't believe that. However, if we are still in a bear market there is the possibility of going below 340 and even to or below $270. And if it gets lower than that it could be a long protracted recovery.
So there is a chance it never gets back to 3500.
I do think that the markets confidence has been pretty resilent though. I mean we've had over 5 months of red candles and there still seems to be a real unwillingness for coin holders to sell.
There's just no liquidity anymore. Either miners have just coordinated off exchange purchasers for all their coins, and with the consolidation of miners this would be easier to coordinate now.
But fresh fiat into exchanges is not happening. And even with a shortage of coins, I don't foresee any large bubbles in the near future.
I put it at 50/50 that we either go slowly down and retest lows are we go very slowly up, 2 steps up 1 1/2 steps back for a long time.
We could also be entering a period where we go into a small bull run and back into a small bear market with new trend lines and such. But with low liquidity any bad news could sending us south many times along the way north. If north is where the market decides to go.
April 21, 2014, 04:39:33 AM
Looks like line may have drawn in the sand. If Houbi falls below 3080 before going to 3500, it may never get to 3500. And the bear market may still rule.
It seems like its either 3080 and below or 3500 and above at this point.
It seems like its either 3080 and below or 3500 and above at this point.
Never? You actually said never?
I understand this is the "speculation" thread but really , let's not get too much Fonzie or Igorr here
Never is a word banned from the bitcoin dictionary.
April 21, 2014, 04:37:15 AM
Looks like line may have drawn in the sand. If Houbi falls below 3080 before going to 3500, it may never get to 3500. And the bear market may still rule.
It seems like its either 3080 and below or 3500 and above at this point.
It seems like its either 3080 and below or 3500 and above at this point.
April 21, 2014, 04:00:22 AM
April 21, 2014, 03:55:03 AM
It's Easter Monday for many people - large chunks of Europe, and China too, I believe. The Huobi daily chart shows a marked decrease in volume from Friday through to now, I've been assuming that that's Chinese Christians celebrating rather than trading.
Yes, the train is coming tomorrow for us to take a ride in it
:D April 21, 2014, 03:00:45 AM
Really? China isn't going to ban exchanges? You know this? You know for a fact that no Chinese exchanges are going to close?
Ok. Well since you have a crystal ball to predict the future, you certainly have an advantage over me.
However, in my crystal-ball-less world, I think that China could certainly make capital flow into exchanges either more difficult or impossible and I think exchanges could close.
Ok. Well since you have a crystal ball to predict the future, you certainly have an advantage over me.
However, in my crystal-ball-less world, I think that China could certainly make capital flow into exchanges either more difficult or impossible and I think exchanges could close.
yeah, it's a fact, as good as they come these days. the chinese have declared they they are not capable of banning bitcoin, they do not have the authority, and they do not wish to. they have publicly declared this!
April 21, 2014, 03:00:34 AM
This is Monday, most bullish day of the week and there is less volume than this weekend. Where are all these buyers??? We can't just go to 580+ without buyers.
It's Easter Monday for many people - large chunks of Europe, and China too, I believe. The Huobi daily chart shows a marked decrease in volume from Friday through to now, I've been assuming that that's Chinese Christians celebrating rather than trading.
April 21, 2014, 03:00:19 AM
April 21, 2014, 02:58:47 AM
Why is it so hard to see that the market doesn't know whether is bear or bull? We are inching up today on LESS volume than the move up yesterday.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
you cannot base a trend on volume. bidders are bidding up but nobody wants to sell. bears need to watch out for some serious volatility between 500-600. an old trend is not your friend. this one is behaving bullish, and fundamentals are bullish. If it continues to play out as I am expecting, we will be at 580 soon.
Wow. To discount volume do so at your own peril. I didn't listen to my own advice at $470 and got my fingers clipped. This is Monday, most bullish day of the week and there is less volume than this weekend. Where are all these buyers??? We can't just go to 580+ without buyers.
You're just ASSUMING no one wants to sell. All I see is nobody wanting to miss out on the next train and pretty much everyone staring at each other. Meanwhile, Bitcoin continues to inflate daily with new coins hitting the exchanges.
Maybe the market will go up and make a new high. I know thats a possibility and I'm fine with it. However, this idea that is a certainty is just you being a cheerleader. It is the opposite of TA.
cool it man,
where are the sellers? Im not assuming nobody wants to sell, it's a fact. the price is high, and nobody is selling. nobody wants to sell. did I say it was a certainty? no. I am just thrilled that I haven't missed a cent from this bull run, and it is playing out as I expect.
the theme of the down trend has been 'china ban', but the 15th, and the 18th, and now today has come about, and everything is fine. classic. what's the worst that can happen? china is NOT going to ban bitcoin!
Really? China isn't going to ban exchanges? You know this? You know for a fact that no Chinese exchanges are going to close?
Ok. Well since you have a crystal ball to predict the future, you certainly have an advantage over me.
However, in my crystal-ball-less world, I think that China could certainly make capital flow into exchanges either more difficult or impossible and I think exchanges could close.
April 21, 2014, 02:54:55 AM
Why is it so hard to see that the market doesn't know whether is bear or bull? We are inching up today on LESS volume than the move up yesterday.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
you cannot base a trend on volume. bidders are bidding up but nobody wants to sell. bears need to watch out for some serious volatility between 500-600. an old trend is not your friend. this one is behaving bullish, and fundamentals are bullish. If it continues to play out as I am expecting, we will be at 580 soon.
Wow. To discount volume do so at your own peril. I didn't listen to my own advice at $470 and got my fingers clipped. This is Monday, most bullish day of the week and there is less volume than this weekend. Where are all these buyers??? We can't just go to 580+ without buyers.
You're just ASSUMING no one wants to sell. All I see is nobody wanting to miss out on the next train and pretty much everyone staring at each other. Meanwhile, Bitcoin continues to inflate daily with new coins hitting the exchanges.
Maybe the market will go up and make a new high. I know thats a possibility and I'm fine with it. However, this idea that is a certainty is just you being a cheerleader. It is the opposite of TA.
cool it man,
where are the sellers? Im not assuming nobody wants to sell, it's a fact. the price is high, and nobody is selling. nobody wants to sell. did I say it was a certainty? no. I am just thrilled that I haven't missed a cent from this bull run, and it is playing out as I expect.
the theme of the down trend has been 'china ban', but the 15th, and the 18th, and now today has come about, and everything is fine. classic. what's the worst that can happen? china is NOT going to ban bitcoin!
April 21, 2014, 02:49:08 AM
Why is it so hard to see that the market doesn't know whether is bear or bull? We are inching up today on LESS volume than the move up yesterday.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
At this rate we will fail to make a higher high this week, because buy volume will dry up at this rate. If we do not make a higher high, then we will confirm that we are still in a bear market.
At this point, basically people are just seeing what they WANT to see, because its completely unclear. But the trend for 5 months has been down, so the trend is my friend until confirmation of its death.
you cannot base a trend on volume. bidders are bidding up but nobody wants to sell. bears need to watch out for some serious volatility between 500-600. an old trend is not your friend. this one is behaving bullish, and fundamentals are bullish. If it continues to play out as I am expecting, we will be at 580 soon.
Wow. To discount volume do so at your own peril. I didn't listen to my own advice at $470 and got my fingers clipped. This is Monday, most bullish day of the week and there is less volume than this weekend. Where are all these buyers??? We can't just go to 580+ without buyers.
You're just ASSUMING no one wants to sell. All I see is nobody wanting to miss out on the next train and pretty much everyone staring at each other. Meanwhile, Bitcoin continues to inflate daily with new coins hitting the exchanges.
Maybe the market will go up and make a new high. I know thats a possibility and I'm fine with it. However, this idea that is a certainty is just you being a cheerleader. It is the opposite of TA.
April 21, 2014, 02:45:01 AM
i feel that with 3d macd crossing upward will also come some positive news from China
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