Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28119. (Read 26720570 times)
April 22, 2014, 09:00:26 PM
April 22, 2014, 08:47:25 PM
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.
Between 472.50 and 515 is no-man's land. We float with no conviction in either direction.
we have met the conditions of a wedge. low volume, contracting volatility, contracting range. something has to happen soon, most likely it will be in the same direction as where it came from. as long as the bulls remain as weak as they are now, and have been for the last days, I will assume it's going up.
edit - ask walls gone.
Come on, Chessnut, make a REAL case for us. You have been chattering on cheerleading the market with bullish expectations. But posting these same charts over and over again and saying things like we will go up because triangles normally continue direction is ridiculously weak TA. Make a real case for us. Tell us where the money came from to take us up. Tell us where that money is now. Tell us why we can capitulate on historically low volume. Tell us why this is really different than March. Make a real case. Answer all our bearish doubts with some real substance. We wanna believe that we can go into another bull market. Tell us why we really really should believe this without posting that one chart over and over. Give us some real meat, Chessnut!
April 22, 2014, 08:33:34 PM
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.
Between 472.50 and 515 is no-man's land. We float with no conviction in either direction.
we have met the conditions of a wedge. low volume, contracting volatility, contracting range. something has to happen soon, most likely it will be in the same direction as where it came from. as long as the bulls remain as weak as they are now, and have been for the last days, I will assume it's going up.
edit - ask walls gone.
April 22, 2014, 08:29:34 PM
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
The last 12 hours or so have seen some increases in volume..
Whether we have rumblings of significant price movements, only time will tell....
Even though I do NOT do lines, it seems that breaking above $560-ish or breaking below $450-ish would be significant regarding which way we are heading next.. Otherwise if the price bounces back and forth between $450 and $560, I am NOT going to get too excited...
April 22, 2014, 08:26:40 PM
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.
Between 472.50 and 515 is no-man's land. We float with no conviction in either direction.
April 22, 2014, 08:00:22 PM
April 22, 2014, 07:59:01 PM
We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
April 22, 2014, 07:56:02 PM
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
presuure is so weak, this cant go too far today. if this is the best that 600BTC sell walls across exchanges can do to the market, that is quite bullish. even if they were dumped, they would be gobbled up within $10 price range.
Possibly this guy needed some fuel for a rally.
April 22, 2014, 07:49:14 PM
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
presuure is so weak, this cant go too far today. if this is the best that 600BTC sell walls across exchanges can do to the market, that is quite bullish. even if they were dumped, they would be gobbled up within $10 price range.
We have a new 3-day low. That's not so bullish. Unfortunate.
April 22, 2014, 07:46:13 PM
Don't forget to Hodl Loosely!
http://www.reddit.com/r/Bitcoin/comments/23q6qo/hodl_loosely/
http://www.reddit.com/r/Bitcoin/comments/23q6qo/hodl_loosely/
April 22, 2014, 07:38:44 PM
nice sell wall stamp!
It's on Stamp, BFX, and BTC-E!
trying to bring down prices?
Of course. Because months of low prices and cheap coins wasn't enough for some people. They want to go down. If possible all the way to 0.
April 22, 2014, 07:37:06 PM
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
wall is gone on bitfinex..... surprise surprise...
Are you ready for the drop? Then drop it!
https://www.youtube.com/watch?v=WDB0HD4J2Ec
April 22, 2014, 07:23:36 PM
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
wall is gone on bitfinex..... surprise surprise...
April 22, 2014, 07:00:50 PM
April 22, 2014, 06:52:15 PM
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
presuure is so weak, this cant go too far today. if this is the best that 600BTC sell walls across exchanges can do to the market, that is quite bullish. even if they were dumped, they would be gobbled up within $10 price range.
April 22, 2014, 06:44:27 PM
Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
April 22, 2014, 06:29:35 PM
This concept loses its meaning in forex.
Yes and no. If you have ways of using the foreign currency, you do not have to "cash it out" but if you need to turn it back into your local currency, then it is just like cashing it out. Having inherited pounds but living in a dollar world, that is my life. Of course, from time to time if I go on vacation, I get to spend some pounds.
We are working to remove the "local" aspect of money. It is not needed.
Yes. I'm hoping to keep my bitcoins until I can spend them normally.
April 22, 2014, 06:16:51 PM
Haha, this is great - Dorian Nakamoto is a hodler:
http://www.reddit.com/r/Bitcoin/comments/23pe3z/dorian_s_nakamoto_accepts_btc_donations_from/
http://www.reddit.com/r/Bitcoin/comments/23pe3z/dorian_s_nakamoto_accepts_btc_donations_from/
Dorian seems to be a man of few words, and upon receipt of the 48 BTC, Andreas asked Dorian whether Dorian had any plans for the 48 bitcoins? Through blubber and tears only one word could clearly be deciphered: "HODL"
April 22, 2014, 06:06:14 PM
Haha, this is great - Dorian Nakamoto is a hodler:
http://www.reddit.com/r/Bitcoin/comments/23pe3z/dorian_s_nakamoto_accepts_btc_donations_from/
http://www.reddit.com/r/Bitcoin/comments/23pe3z/dorian_s_nakamoto_accepts_btc_donations_from/
April 22, 2014, 06:00:21 PM
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