Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29961.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Arvicco on February 04, 2014, 07:09:03 PM

Quote from: Davyd05 on February 04, 2014, 06:58:27 PM

I see the spread is decreasing, .. lol are people willing to hold dem gox bux again?>

It's not that Gox bucks are getting any better... it's just Gox BTC becoming progressively worse. So the price of shitty Gox coins is decreasing when measured in shitty Gox dollars. Ironic, isn't it?

Correct. When the gox price falls to stamp price then the market will have priced in equal (snowball in hell) chance of extracting fiat or btc.

scorp1618

newbie

Activity: 27

Merit: 0

Quote from: empowering on February 04, 2014, 07:09:20 PM

http://24.media.tumblr.com/6eb5e37da9fda4988ee14dab047a70ae/tumblr_n08yqeE8ZS1qewacoo3_250.gif

lol

empowering

legendary

Activity: 1078

Merit: 1441

Arvicco

hero member

Activity: 574

Merit: 501

Please bear with me

Quote from: Davyd05 on February 04, 2014, 06:58:27 PM

I see the spread is decreasing, .. lol are people willing to hold dem gox bux again?>

It's not that Gox bucks are getting any better... it's just Gox BTC becoming progressively worse. So the price of shitty Gox coins is decreasing when measured in shitty Gox dollars. Ironic, isn't it?

scorp1618

newbie

Activity: 27

Merit: 0

Quote from: hdbuck on February 04, 2014, 06:57:34 PM

Quote from: kurious on February 04, 2014, 06:54:26 PM

Quote from: scorp1618 on February 04, 2014, 06:52:47 PM

This
http://www.rumorguru.com/pics/penguin-polar.jpg

+1

https://i.imgur.com/9PX8sXZ.jpg

Cheesy

You win!

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: Davyd05 on February 04, 2014, 06:58:27 PM

I see the spread is decreasing, .. lol are people willing to hold dem gox bux again?>

I think no new money is coming in to buy and anyone with coins is trying to get them out, who is buying from this man...?

'The world's leading Bitcoin exchange' with a stupid 'magic' name and messages that give out-of-date excuses.

I bet the even toilets there have an excuse on the wall for the lack of toilet paper, due to the Japanese new year.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: empowering on February 03, 2014, 08:54:11 AM

Quote from: empowering on February 02, 2014, 12:18:05 AM

Quote from: empowering on February 01, 2014, 04:32:01 PM

Quote from: empowering on February 01, 2014, 09:55:31 AM

Bitstamp

Upside breakout scenario.

Bitstamp

Starting point was $820/5 February 01, 2014 at around 02:55:31 PM

I have laid out my upside possible resistance/pivots/supports from my original post for easier viewing.

If we break out from now or over the next few weeks or at least the next month
then from $820-$825 I see the following possible resistance/pivots/supports.

$840-$858
$858-$880
$880-900 ($900 psychological for USD)
$900-$910/5 (could be a psychological resistance level as also $908/10 = CNY5500)
$910-$928
$928-$945
$945-$970
$991 - (could be a psychological resistance level as also $990/1 ish = CNY6000)
$Cape Canaveral

Downside scenario from this current $820 - $825 channel I can see the possible supports/pivots/resistance

$825 (this price could also be a psychological support because $825= CNY4999.99)
$817 - We dipped down to here for quite some time a good few hours February 01, 2014, 09:32:01 PM now hovering on or around $817 within plus or minus $2ish- or CNY 50 short of CNY5000 $817 first acting as support then switching to resistance - within $2-3 but $817 is quite a specific number we have been pivoting on off for quite a few hours… not $833 or $823 or $807 - but quite strongly pivoting around $817 (+- $2-3ish) ….quite interesting to see what happens…. next…., if there is consolidation at this level then there should be a movement one way or other…
$800 psychological
$800 - $775 ish
$775- $757 ish
$757- $749 ($740 = CNY4500)
$725? (edit)
$710/11 (edit added 03/02/2013)
$700 psychological
$682 (edit added 03/02/2013)
$642 (edit added 03/02/2013)

Update February 02, 2014, 05:18:05 AM (?)
$817 Still bouncing along this resistance line

Update: February 03, 2014, 13:51
1st RS $825
Pivot $817
1st SP $800

In past 48 hours we have touched the support at bottom of 1st channel at $800 (actual low in past 48 hours =$800.05)
Bounced eitherside of $817 for a fair 24 hours, and before dipping down to test $800 SP)
and on the upside we touched 1st resistance level above pivot at $825 (actual high in past 48hrs = $825.21)

Looks like we may get possible retest of $800 and pos lower soon, though I still think we are going up

Update: February 04, 2014, 11:58:37 PM

nxt $858
nxt $840

1st RS $825
Pivot $817
1st SP $800 Been trading inbetween $817 and $800 , with a tiny flashes a little lower on the test of $800 nothing to write home about, currently testing $800 again
nxt $775 ish
nxt $757 ish

As a side note- things are pretty stable at the present second, barring a catastrophic break of $800 I am wondering if we may trade sideways for a few more days/while longer. Still waiting for a breakout of this sideways channel but starting to think that if we do not see movement soon, or at the very least in the week after the end of the Chinese hol's then I would not be surprised barring any oh noes newses if we trade sideways in slightly larger channel until mid may ish before pushing up up...

In this ever changing world in which we live in - just a my 2 satoshi worth , live and let live.

Davyd05

hero member

Activity: 574

Merit: 500

I see the spread is decreasing, .. lol are people willing to hold dem gox bux again?>

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: kurious on February 04, 2014, 06:54:26 PM

Quote from: scorp1618 on February 04, 2014, 06:52:47 PM

This

+1

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: scorp1618 on February 04, 2014, 06:52:47 PM

This

+1

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: medialab101 on February 04, 2014, 06:49:34 PM

Quote from: medialab101 on February 04, 2014, 06:48:44 PM

Quote from: JimboToronto on February 04, 2014, 06:41:58 PM

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

So this is what we're doing now... talking about speakers until the Chinese come back

Or until Gox folds... whichever comes first

Unless they pull it together, it might well meltdown - they aren't anywhere near getting on top of it. Krapeles has lost it, he should sell before all is lost.

scorp1618

newbie

Activity: 27

Merit: 0

This
http://www.rumorguru.com/pics/penguin-polar.jpg

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: JimboToronto on February 04, 2014, 06:41:58 PM

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

Maybe - but after 20 years of running a pro studios I am no longer impressed with size. And ugly is not good either!

And listening to those huge, out of date JBLs on a Youtube video was frankly painful - sounded awful to me. Sorry, but I value my ears and size is just not impressive - especially if it takes up half the room. You wouldn't find them in any real pro studio, clients would die laughing.

But each to their own, I guess - maybe I spent too long liking music, rather than gear.... Wink

Aaaand... back to Bitcoin before we get flamed, eh?

If it wasn't so grindingly dull right now I wouldn't have replied - we are in danger of trolls and chartbuddy being the only posts here!

medialab101

hero member

Activity: 583

Merit: 500

Quote from: medialab101 on February 04, 2014, 06:48:44 PM

Quote from: JimboToronto on February 04, 2014, 06:41:58 PM

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

So this is what we're doing now... talking about speakers until the Chinese come back

Or until Gox folds... whichever comes first

medialab101

hero member

Activity: 583

Merit: 500

Quote from: JimboToronto on February 04, 2014, 06:41:58 PM

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

So this is what we're doing now... talking about speakers until the Chinese come back

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: JimboToronto on February 04, 2014, 06:41:58 PM

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

They're made by Avantgarde Acoustic and far from low-quality. One of the top rated speakers manufactured in the world currently, and will set you back a couple of hundred grand. http://www.avantgarde-acoustic.de/home.html

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: JimboToronto on February 04, 2014, 06:41:58 PM

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

lmao.

these my friend are "la creme de la creme" Tongue

->http://www.avantgarde-acoustic.de/home.html

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: kurious on February 04, 2014, 06:18:21 PM

That's a bit better....

Maybe in appearance (depending on taste), but I'd imagine the JBLs sound much better.

Those things look like the kind of low-quality designed-for-appearance crap you'd expect from Apple Corp.

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: MAbtc on February 04, 2014, 05:49:03 PM

Quote from: ?? on ??

Quote from: MatTheCat on February 04, 2014, 05:24:13 PM

I am 'new' money. I am looking for that clear long Bitcoin opportunity but before I do that Bitcoin has to start taking out resistance levels with convincing volume and the trading has to not totally fucking stink of price holding bot algorithms and/or whale price ramping . Whether Bitcoin starts taking out resistance levels in the $500 zone as it climbs from a $380 bottom or it starts taking out resistance levels in the $800 - $900 region is irrelevant to me. I am not jumping on the train until it has shown it is going in the right direction.

I don't understand this kind of statement.
You won't go long now because the trend is not clear so you will wait until bitcoin goes straight from $800 to $1300 and then you will buy ... probably at $1500 ?
Please explain.

I will say that when entering the market in April as a newb trader, this was exactly my mindset. My concern was accumulating fiat, not coins. So yes, I was not aiming to catch the bottom but rather ride a predictable trend well after the bottom was in. (Try rushing to get your dollars to the exchange to buy your first bitcoins, only to watch the price drop 70% as soon as you're funded.)

And that mindset cost me quite a few missed coins, when I entered the market after April and was waiting for a further dip or a sign of upward movement. I hovered around 110 fully in fiat, and first bought in at about 170-190. Looking back, if I bought back then as soon as fiat was on the exchange, I would have had now 20-30BTC more.

Currently, I buy with 80% of the funds, whatever the price level, while using the remaining 20% to set up strategically staggered buy bid lower down.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29961. (Read 26619982 times)