I have a theory that most of the traders holding short positions have been squeezed and bought back in already (most of it panic buying yesterday and today). This alleviates some buying pressure and leaves only new money to do the buying. With the weekend we should see a nice dip, but is this the end of a bulltrap or the start of a new trend?
Hmmmm
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30691. (Read 26713156 times)
December 26, 2013, 10:34:24 PM
December 26, 2013, 10:31:21 PM
Everyone trust your money to Houbi's "fire currency platform"
December 26, 2013, 10:27:13 PM
http://tinypic.com/view.php?pic=2uzqbr8&s=5
To the Moon!
Fiddled around for a while, watched too much DBZ I guess.
To the Moon!
Fiddled around for a while, watched too much DBZ I guess.
lol cool image
if only we could post gifs we'd be at 10,000$ by now, alas we can no longer post gifs so its down to 521.10001CAD we go, oh well.
December 26, 2013, 09:55:01 PM
Which StochRSI do you guys watch? I would think 1 hr. to 1 day would be accurate but they are all over the place!
We don't. Most of us prefer to trade on raw emotion.
December 26, 2013, 09:45:52 PM
http://tinypic.com/view.php?pic=2uzqbr8&s=5
To the Moon!
Fiddled around for a while, watched too much DBZ I guess.
To the Moon!
Fiddled around for a while, watched too much DBZ I guess.
December 26, 2013, 09:44:09 PM
oh my goodness. it's dick cheney's ecg on btc-e. that's not a good omen.
December 26, 2013, 09:39:05 PM
Coming from a seasoned Forex trader and once a firm devotee of technical analysis - it helps you understand what has happened, it does not tell you what will... Can it give you an IDEA of what may happen? Sure, but only if the underlying circumstances are the same as they were the last time the analysis was conducted, which in the dynamic reality is hardly ever.
I couldn't have said it better. Thank you for bringing some sense to the conversation.
December 26, 2013, 09:32:16 PM
Coming from a seasoned Forex trader and once a firm devotee of technical analysis - it helps you understand what has happened, it does not tell you what will... Can it give you an IDEA of what may happen? Sure, but only if the underlying circumstances are the same as they were the last time the analysis was conducted, which in the dynamic reality is hardly ever.
You can say that about all TA and not be wrong.
December 26, 2013, 09:31:05 PM
Does anybody know why btc-e USD disappeared from bitcoincharts.com?
No idea but I noticed yesterday that it was absent.
December 26, 2013, 09:29:31 PM
Does anybody know why btc-e USD disappeared from bitcoincharts.com?
December 26, 2013, 09:27:19 PM
Coming from a seasoned Forex trader and once a firm devotee of technical analysis - it helps you understand what has happened, it does not tell you what will... Can it give you an IDEA of what may happen? Sure, but only if the underlying circumstances are the same as they were the last time the analysis was conducted, which in the dynamic reality is hardly ever.
December 26, 2013, 09:26:54 PM
I gave up serious consideration of the stochRSI after the indicator on 12-1 said that it was a good time to buy when the price on Stamp was 1000.
Yeah, I'm more of a MACD guy but I figured there might be something to the Stoch.
(speaking of which, 1 Hr. MACD has crossed over hehe)
December 26, 2013, 09:26:18 PM
Quickly! Panic! There is no time!
December 26, 2013, 09:22:07 PM
I gave up serious consideration of the stochRSI after the indicator on 12-1 said that it was a good time to buy when the price on Stamp was 1000.
December 26, 2013, 09:17:35 PM
December 26, 2013, 09:14:18 PM
Which StochRSI do you guys watch? I would think 1 hr. to 1 day would be accurate but they are all over the place!
We don't. Most of us prefer to trade on raw emotion.
December 26, 2013, 09:13:40 PM
kinfe time
December 26, 2013, 09:12:04 PM
Which StochRSI do you guys watch? I would think 1 hr. to 1 day would be accurate but they are all over the place!
December 26, 2013, 09:08:43 PM
Incoming!
December 26, 2013, 09:05:19 PM
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