Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30555. (Read 26710175 times)
January 03, 2014, 11:08:51 AM
Here's a 15 min snapshot:
January 03, 2014, 11:07:02 AM
There is buying 10-20 coins each 5 minutes or so, and it has been going on for half a day. Seems quite regular, could be someone trying to buy in while moving the price as little as possible. Mtgox-
Isn't that the ping-pong I mentioned earlier? My guess is that it is a trading robot that sells to itself, alternating between two prices that increase 1-2 USD every few minutes. Has been going on since 2013-12-30 with a few interruptions.
January 03, 2014, 10:50:37 AM
Dring Dring, to the grocery !
January 03, 2014, 10:45:25 AM
This overnight move has legs. We are in a major resistance zone though price action hasn't indicated it's respecting that yet. We are also running into upper channel lines so we may have some consolidation in this area before moving higher
Consolidation? Fine. I would even recommend it while we get our breath back for next week.
too me, Consolidation appears to be over already
It would seem the first bottom catch was successful, we are now back on track to the moon !
I mean in a longer term view..
short term, of course we will have some consolidation before moving higher, every time the price spikes up
January 03, 2014, 10:44:51 AM
What a blunder would that be. First buying at the top and then following that up by selling at breakeven just before the price goes way higher. People contemplating this should probably disallow themselves to sell ANYTHING within a year of buying it (although for non-crypto assets they should probably up that to 2 years).
Yes, some of those buyers may believe that the price will rise above 1200 "soon" and hold on to their coins. But if "soon" may be 1 year, it may also be 5 years, or never. Some of those buyers may prefer smaller but safer gains; some may have to repay loans or buy a car to replace the one they sold...
The point is that there may be as many as ~500 kBTC (from all exchanges) off the books, waiting for bids to build up in the 900-1200 range.
January 03, 2014, 10:42:15 AM
choo choo....
January 03, 2014, 10:41:34 AM
This overnight move has legs. We are in a major resistance zone though price action hasn't indicated it's respecting that yet. We are also running into upper channel lines so we may have some consolidation in this area before moving higher
Consolidation? Fine. I would even recommend it while we get our breath back for next week.
January 03, 2014, 10:25:50 AM
That left train is totally 'moon train' (tm).
January 03, 2014, 10:16:20 AM
TA Gods don't seem to have reign in Bitcoinland as much as they'd want.
Maybe more Followers and more Prayers would help.
For now: Trains, Choo Choos, Moon, Bear and Bull, Hodl pics rule
Maybe more Followers and more Prayers would help.
For now: Trains, Choo Choos, Moon, Bear and Bull, Hodl pics rule
January 03, 2014, 10:11:48 AM
This overnight move has legs. We are in a major resistance zone though price action hasn't indicated it's respecting that yet. We are also running into upper channel lines so we may have some consolidation in this area before moving higher
January 03, 2014, 09:44:20 AM
I've heard that before. I've burnt on that before as well.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
What is your final goal?
300
EDIT: That said, there is no such thing as "too many bitcoins"
True that. I wish I had 300. But i am happy with where I am at.
Oh, talking about stash size, I logged into slush pool yesterday, just to check if I had left something there. Haven't mined there since may. Nothing was left, but when I checked my stats I realized I had actually found a block during my few weeks there. Pretty insane considering I mined with a 5850 gpu. 25 btc... While my total payout was something like 0.2. Could it be the universe telling me to roll the dice more and don't play safe? Maybe I should sell my entire stash now and trust the siren song of the bears?
Nah. I'm gonna hodl.
January 03, 2014, 09:41:53 AM
Quote from: pdawg
OK Here's my take on a 3 month time frame (got both the bears and bull covered):
(img snip)
Personally the price action around the 900 level will be very telling for me...
(img snip)
Personally the price action around the 900 level will be very telling for me...
since the top of your channel is determined only by the slope of the bottom line, which is solely determined by two points of data (both of which are extremes and which qualify as outliers), i'm not sure how robust this model is. the possible confounding scenarios are as follows:
scenario 1 (bearish, dark grey, less deviant, more likely): the deviance of the outliers caused you to underestimate the slope of the channel, and this consolidation is a decision point where we may either correct downward or break through.
scenario 2 (bullish, light grey, more deviant, less likely): the deviance of the outliers caused you to underestimate the slope of the channel, and this latest price action is a bullish breakout.
http://s16.postimg.org/un1muboz9/channel.png
===
regardless, always stress test your models!
interesting -- the price action seems to suggest that scenario 2 was correct after all...
--arepo
January 03, 2014, 09:36:36 AM
small correction happening?
Looks like a crash to 0. It's all over now
Oh my! Let's all sell!
January 03, 2014, 09:26:48 AM
small correction happening?
Looks like a crash to 0. It's all over now
January 03, 2014, 09:23:18 AM
small correction happening?
January 03, 2014, 09:19:33 AM
... there is no such thing as "too many bitcoins"
I suspect if you had more than half, everyone else would switch to cowrie shells.
January 03, 2014, 09:16:53 AM
I've heard that before. I've burnt on that before as well.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
What is your final goal?
300
EDIT: That said, there is no such thing as "too many bitcoins"
January 03, 2014, 09:11:46 AM
I've heard that before. I've burnt on that before as well.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
What is your final goal?
January 03, 2014, 09:04:46 AM
I've heard that before. I've burnt on that before as well.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
I'll soon see if my experience of the past half-a-year re price fluctuations will pay off, or if I am going to buy back in at an even bigger loss. If so, then my final goal will be even more difficult to achieve.
January 03, 2014, 08:59:27 AM
This is the time to panic buy!! $1435 before sunday, you heard it here first!
Please do. The faster it rises, the harder it falls.
Om nom nom, sweet bear tears!
Oh, but as I stated yesterday evening, I am a butthurt bull, not wishing to get slaughtered yet again in another bull trap, like it happened to me on oh too many occasions, so I am trying to exercise those wonderful virtues of patience and restraint, while keeping a close eye on my level of greed.
In that case the train station will be flowing, not only with bear tears, but also a stream of butthurt bull tears
And tears of joy from hoarders and the Bitcoin faithful.
The righteous tears of the hodlers.
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