Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31461. (Read 26623386 times)
December 01, 2013, 01:22:28 AM
Nice one.
December 01, 2013, 01:18:55 AM
Bitcoin's so grown-up now. 
Check how well coupled the exchanges are looking during this:
http://bitcointicker.co/combined/
Check how well coupled the exchanges are looking during this:
http://bitcointicker.co/combined/
December 01, 2013, 01:11:17 AM
Another bear trap forming on China?
December 01, 2013, 01:10:51 AM
Healthy correction. That is all.
December 01, 2013, 01:09:52 AM
not over yet
December 01, 2013, 01:08:39 AM
That old boy* who had 700 at 1160 didn't have a bit of trouble selling them all. Now let's see if he gets back in in a big way.
*You know who you are. We won't tell.
*You know who you are. We won't tell.
December 01, 2013, 01:04:45 AM
It's funny how this was already out of date when it was posted.
30d log scale including the drop.
December 01, 2013, 01:03:15 AM
December 01, 2013, 01:03:12 AM
I need a drink....
December 01, 2013, 01:02:21 AM
Rule #1: Don't sell bitcoins during a downward trend.
Rule #2: If you sell bitcoins during a downward trend, make sure it is a downward trend immediately following a rally.
Rule #2: If you sell bitcoins during a downward trend, make sure it is a downward trend immediately following a rally.
December 01, 2013, 01:02:11 AM
Looks like a good bear trap.
Indeed. I was just about to comment on how they seem to make excellent bear traps in China.
December 01, 2013, 01:01:28 AM
I wonder if the 0% trading fees at the largest exchanges (china & gox) is contributing to this misleading stability.
wouldn't it be more likely to cause instability greater swing trade gains
Can you explain by what mechanism that could possibly work? My experience and several academic papers would disagree with you.
For example: http://m.rfs.oxfordjournals.org/content/25/11/3389.short
Quote
Competition among trading platforms has considerably reduced trading fees in stock markets. We show that this evolution is not necessarily beneficial to investors. Although they increase gains from trade when a trade happens, lower trading costs can induce investors to post limit orders with a smaller execution probability. In this case, gains from trade are realized less frequently and investors can be worse off.
In other words, lower fees leads to a full book and thus more stability.
I thought because it was a break..from them not necessarily permanently 0% trading fees you'd see more variance.. pretty much what we saw when the bots weren't configured for it, Thursday.
Gox that is
So if I understand correctly, you are saying that people will rush to trade since the fees will be going back up? There may be some truth to that, but the book will still be thicker, especially close to the price.
here is that volatility I spoke of.. I think a whale played that nicely.. drops it into the 10xx and then it slows down starts to rebound in china.. and buy support all the way back to 1151 on gox. However not sure about the volume relation of sells to buy in that swing
December 01, 2013, 01:01:26 AM
Looks like a good bear trap.
December 01, 2013, 01:00:37 AM
A+ correction, would scoff again.
December 01, 2013, 01:00:27 AM
that's 0.3 BTC made in minutes 
December 01, 2013, 12:59:59 AM
The drop is over.
December 01, 2013, 12:59:55 AM
pew pew
December 01, 2013, 12:59:51 AM
MtGox says nomnomnomnom.
December 01, 2013, 12:59:01 AM
DISASTER STRIKES!
72 whole hours of gains wiped out!
72 whole hours of gains wiped out!
Stop loss @ 10 below your top saves the day sometimes.
Yeah. Panic is recommended. Sell quick.
and you just saw..the buy support reap all the rewards..gogo whale.. also could tell that was happening almost as soon as I saw an uptrend in china lol
December 01, 2013, 12:58:32 AM
I think we've ~roughly~ found the bottom.
famous last words?
That was an ugly 2 hour candle in China. Worst of the entire rally. Luckily the west is basically out partying or asleep.
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