You guys crack me up. A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances.
Bears are so desperate that "Price hasn't gone up 1000% today!" is a bearish signal to them.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31619. (Read 26608860 times)
November 25, 2013, 10:03:47 AM
Bears are so desperate that "Price hasn't gone up 1000% today!" is a bearish signal to them.
November 25, 2013, 10:02:43 AM
Bear dump all the way down to $800. lol
if this is a shakeout , be prepared for an advance
November 25, 2013, 10:02:21 AM
November 25, 2013, 10:00:12 AM
Bear dump all the way down to $800. lol
November 25, 2013, 09:59:31 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away"
That was in my fortune cookie last night.
November 25, 2013, 09:58:21 AM
Hmm, Gox does appear to be following.
Has anyone attempted to do time-lagged correlation between exchanges?
Has anyone attempted to do time-lagged correlation between exchanges?
You mean a normalized comparison? If I have some time to kill this thanksgiving weekend, I could give it a go.
November 25, 2013, 09:56:42 AM
You guys crack me up. A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances. I am not saying its not going to happen but I will do as I have always done and react as quickly as I can when movements are made. Maybe take your emotions off your sleeves? 
pretty easy strategy right now would be ..
bracket current highs / Lows .. (sell stop @low 758 / buy stop @high 856)
let it ride if executed (momentum) .. if it turns against your inital position give it room to correct till 50% ~800ish .. if that breaks get out and let the other trade on!
November 25, 2013, 09:52:11 AM
There is also a chance that the holder of 2.5k wall at 900 buys it from himself and causes an euphoria
Big holders have no use for euphoria atm, small users don't have BTC2,500. End of story.
But the tactic is in the book
November 25, 2013, 09:47:36 AM
You guys crack me up. A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances. I am not saying its not going to happen but I will do as I have always done and react as quickly as I can when movements are made. Maybe take your emotions off your sleeves?
November 25, 2013, 09:46:12 AM
I think the tide is turning. Lower highs, no really buying pressure. Sentiment is turning and the warning from China all scream trend reversal. Smart whales are likely seeing the same. I say chances of a big dump are higher than breaking our ATH, let alone hitting $1,000.
did i missed something ? .. whats up with china ?
however .. yes there is indecision at our hands ... and a resolve of that will gives us further insight..
November 25, 2013, 09:44:22 AM
There is also a chance that the holder of 2.5k wall at 900 buys it from himself and causes an euphoria
November 25, 2013, 09:41:34 AM
I think the tide is turning. Lower highs, no really buying pressure. Sentiment is turning and the warning from China all scream trend reversal. Smart whales are likely seeing the same. I say chances of a big dump are higher than breaking our ATH, let alone hitting $1,000.
November 25, 2013, 09:39:01 AM
@rpietila, back on board, or still waiting for cheaper coins?
He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.I certainly wasn't trolling, the question was genuine interest, I too have respect for rpietila's opinion. I think the current position is on a knife edge, we could go either way.
true that !
but iam a lil bullished biased.. as of current action
November 25, 2013, 09:28:55 AM
@rpietila, back on board, or still waiting for cheaper coins?
He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.I certainly wasn't trolling, the question was genuine interest, I too have respect for rpietila's opinion. I think the current position is on a knife edge, we could go either way.
November 25, 2013, 09:18:11 AM
@rpietila, back on board, or still waiting for cheaper coins?
He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.1. I'm not trolling rpietila.
2. I'm following his posts every day and I get precious info out of them.
3. I respect him and I also like his way of life (hoping some day I'll be able to imitate him).
On the other hand; I don't usually accept what people on a speculative forum thread like this are writing as per price predictions. I just don't. It's not wise, nor sane. People like us here are divided in 2 categories:
A. Those who are loaded.
B. Those who wish they were in the 1st category.
Speculation suggests a hunch, a pre-done mathematical approach, a statistical prediction if you wish. In any of the previous cases by ANY person who belongs in category A or B, there's no way someone is going to be 100% right. Especially with the Bitcoin. If you want to go along and trust anyone's predictions then go ahead and do it.
I just won't.
November 25, 2013, 09:16:06 AM
Daytrading Bitcoins is a dangerous game, and a completely reckless game during a bull market.
Most in here delude themselves by seeing their fiat profits going up, so they don't feel so bad by losing coins.
I'd say that:
a) more than 5 trades per month is reckless, considering the high fees + slippage.
b) the only good moment to trade is a bear market - and there's is no bear market ATM (this could change in the next days/hours, but I wouldn't bet on it).
Most in here delude themselves by seeing their fiat profits going up, so they don't feel so bad by losing coins.
I'd say that:
a) more than 5 trades per month is reckless, considering the high fees + slippage.
b) the only good moment to trade is a bear market - and there's is no bear market ATM (this could change in the next days/hours, but I wouldn't bet on it).
That depends entirely on what your stance is.
If you are in it to make profit in USD (like 99% of this market is doing atm), day trading to get USD gains is perfectly fine. And I say, in a market where there's currently (and practically always) the looming danger that the value of BTC goes through half, securing FIAT profits is not that bad an idea.
If you are a utopian true believer in BTC, believing it will go to 1 million USD per coin no matter what, yeah obviously don't sell then.
November 25, 2013, 09:10:36 AM
if the actual indecision resolves itsway in favour of the bulls . ie. breaks out to the top , a momentum surge to the upside could be a potential result , with a rallie towards ATH
however there is also a chance of a range between pot. resistance 860 and pot. support 760 .. with 800 beeing the fair price..(800 is considerd fair as of now)
however a sign of strenght is that a former indecision (smaller TF) , was resolved to the downside . but price traded back .. ie pot. weakness was bought ! and that action is the current low @760
however there is also a chance of a range between pot. resistance 860 and pot. support 760 .. with 800 beeing the fair price..(800 is considerd fair as of now)
however a sign of strenght is that a former indecision (smaller TF) , was resolved to the downside . but price traded back .. ie pot. weakness was bought ! and that action is the current low @760
November 25, 2013, 09:09:46 AM
It's back.
Last 24h price: down -3.8%.
It will break up any moment, where "any" is defined that 5x the money is needed compared to any previous breakout in Bitcoinhistory.
Still waiting
Do you mean "up" as in this?
(sh*t I can't work)
November 25, 2013, 09:01:23 AM
The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Checking back after 7 hours: no big buying, signals still deteriorating.
November 25, 2013, 08:57:31 AM
It's back.
Last 24h price: down -3.8%.
It will break up any moment, where "any" is defined that 5x the money is needed compared to any previous breakout in Bitcoinhistory.
Still waiting
yesterdays low was 747 and todays has been 790 at stamp...
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