Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28613. (Read 26713256 times)
April 01, 2014, 03:52:59 AM
April 01, 2014, 03:51:52 AM
thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.
That is a higher high, watch out for the higher low, because technically this is no longer a down trend!
if thats what you need to keep telling yourself then i think you are in denial.
go ahead, short the market!
April 01, 2014, 03:51:18 AM
thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.
That is a higher high, watch out for the higher low, because technically this is no longer a down trend!
if thats what you need to keep telling yourself then i think you are in denial.
April 01, 2014, 03:50:40 AM
Houbi didn't make a higher high and is pooping on the party.
April 01, 2014, 03:49:42 AM
damn that was crazy. half of my standing short orders got hit. i was down at one point and thought the bulls had gotten one by me but now im up 4%.
April 01, 2014, 03:49:13 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?
438 actually.
Depends which market you look at.
April 01, 2014, 03:47:58 AM
So you are saying we are no longer in a bear market? Can I quote you on this?
yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.
So I guess all those higher lows we have had since 1163 were just mirages? Like the one that took us 710. That didn't happen, right?
April 01, 2014, 03:45:34 AM
So you are saying we are no longer in a bear market? Can I quote you on this?
yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.
April 01, 2014, 03:43:01 AM
thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.
That is a higher high, watch out for the higher low, because technically this is no longer a down trend!
So you are saying we are no longer in a bear market? Can I quote you on this?
April 01, 2014, 03:41:55 AM
annnd. there is that panic buying i was talking about.
April 01, 2014, 03:40:49 AM
What's with the muppets on wisdom?
April 01, 2014, 03:37:04 AM
thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.
That is a higher high, watch out for the higher low, because technically this is no longer a down trend!
April 01, 2014, 03:34:28 AM
April 01, 2014, 03:34:11 AM
BUY OR NOT BUY?
Wait. It'll go down some and you can get a better price. So people are going to take their profits now and some nervous people think this is a good exit point.
April 01, 2014, 03:29:49 AM
BUY OR NOT BUY?
April 01, 2014, 03:29:24 AM
for the last 3 days, the market has been pressured upwards in risk off situations.
over the weekend, when there was no chance of a PBOC announcement, the market was stable and lifted. furthermore, news of law enforcement on chinese exchanges failed to carve new lows on western based exchanges.
- there is lots of buying pressure.
today the market is nervously creeping up despite yesterdays fiasco.
If by the end of the chinese day there are no more announcements, the chances grow slimmer that there will be one before April 15th.
This said, I believe we should expect a rally in the next 48 hours, perhaps entering the low 500s.
over the weekend, when there was no chance of a PBOC announcement, the market was stable and lifted. furthermore, news of law enforcement on chinese exchanges failed to carve new lows on western based exchanges.
- there is lots of buying pressure.
today the market is nervously creeping up despite yesterdays fiasco.
If by the end of the chinese day there are no more announcements, the chances grow slimmer that there will be one before April 15th.
This said, I believe we should expect a rally in the next 48 hours, perhaps entering the low 500s.
hollar out.
April 01, 2014, 03:27:09 AM
This weekend was the first time I started to sense real fear and anger on here. Since this is my first bubble, I can only go by my best guesses on this, but it seemed like the start of fear and anger, not the height of it.
Maybe I'm wrong.
Dont think this subforum is a good place to weight fear&anger values.
April 01, 2014, 03:23:05 AM
Not convinced yet, but waking up and seeing price somewhat higher is nice
yesterday a huge spike down over legit news in China. over in a flash, and a genuine rally follows.
That is textbook anti sentiment reversal. panic selling has pushed the price into over sold territory, and it is exhausted. Ive been waiting for this, took long last night from 453.
1 unusual (positive?) thing that i noticed yesterday is a lack of the normal "delay dump", that usually happens after the initial dumps on the news later in the day, i was surprised, i was prepared to see china going to 2500 and below
April 01, 2014, 03:22:28 AM
Trend reversal always happens when despair is the greatest. Maybe the overall pessimism here is a good indicator for that.
It happens when people really get desperate, bearish sentiment is at its maximum, doomsday prophecies begin pouring in.
And just in that moment, when it is least expected, the bounce comes. You cannot really predict it.
Technical indicators cannot tell you when it will happen. They can only give you small hints.
It happens when people really get desperate, bearish sentiment is at its maximum, doomsday prophecies begin pouring in.
And just in that moment, when it is least expected, the bounce comes. You cannot really predict it.
Technical indicators cannot tell you when it will happen. They can only give you small hints.
I think we could be friends
people seem to neglect this the most.
April 01, 2014, 03:21:07 AM
To think that no fresh fiat is heading to exchanges is absurd...
did anyone say exchanges?
all this time, just like the winkelvii have done, bitcoins are being gobbled up off exchanges.
one day, this will catch up to the exchanges, like today perhaps. everyone be like, "wheres all the coins? I thought there were more. "
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