thanks, some dynamite in that
fantastic article - thank you. The more level headed analysis of bitcoin I read, the more I'm glad I'm on this ride.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31699. (Read 26723861 times)
November 26, 2013, 12:46:14 PM
thanks, some dynamite in that
fantastic article - thank you. The more level headed analysis of bitcoin I read, the more I'm glad I'm on this ride.
November 26, 2013, 12:44:18 PM
900's being a real cocktease.
I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.
Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).
That is why it's called a physiological barrier.
n00b's like when I was one just a little while ago say I'll cash out at 900.
And there you have it a physical physiological barrier.
It's like the unexpected hanging paradox. Everyone *knows* that there will be a major cashout at 1000 so everyone *knows* the fight to 1000 will be fraught with battles and crazy ups-and-downs so everbody *knows* it's better to cash out at 900 so...
http://en.wikipedia.org/wiki/Unexpected_hanging_paradox
November 26, 2013, 12:42:29 PM
I just can't shake the feeling that there's one more good thrust left in this run.
PUSH BABY! PUSH! Squeeze my hand you're doin just fine "OHHHHHH! OHHHH! EEEEEEEEEE!!!!!!" POP! 
November 26, 2013, 12:39:34 PM
November 26, 2013, 12:35:09 PM
MtGox ATH broken in yen.
November 26, 2013, 12:33:21 PM
900's being a real cocktease.
I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.
Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).
That is why it's called a physiological barrier.
n00b's like when I was one just a little while ago say I'll cash out at 900.
And there you have it a physical physiological barrier.
November 26, 2013, 12:30:29 PM
Poor bears....
Better buy back at a loss now.
Better buy back at a loss now.
You know , when you were sprouting stuff like it's gonna fall to 40 to raise back to 200 , although I din't agree with you I spent my time reading your arguments.
Now , when you turned bull and we share the same opinion , I find you posts lack something .. or more of something.
November 26, 2013, 12:29:49 PM
888.88 O.O
November 26, 2013, 12:28:01 PM
I would rather explain this by goxbux cashout. Other exchanges are not following the widening bid/ask spread at all.
It's a tough call, unlike a month ago where everything was obvious. It could really go either way, but I think 65/35 odds we continue upward in the next week or two. I'll see how things look when I wake up.
November 26, 2013, 12:22:09 PM
Poor bears....
Better buy back at a loss now.
Better buy back at a loss now.
November 26, 2013, 12:18:22 PM
Buy wall at $800 moved to $850.
November 26, 2013, 12:15:21 PM
There is really no explanation needed. Market wants up. Bitstamp just eaten 2 large walls ($3M+) and bitfinex is out of $ at stamp. To be continued...
What are you on? Those 2500 BTC were market sold
Same thing, the buyers just ate it all up. If the market wanted to go down a 2500 BTC market sell order would trigger more sells and a large drop in price.
November 26, 2013, 12:12:38 PM
I would rather explain this by goxbux cashout. Other exchanges are not following the widening bid/ask spread at all.
There's another way to look at it, a better one IMO: dynamically/as change over time.
In that view, bid/ask
I take that as a pretty positive sign. Doesn't mean I'm sure we're going up, further consolidation is still quite likely, but I don't see many bearish signs on the order book.
November 26, 2013, 12:09:51 PM
There is really no explanation needed. Market wants up. Bitstamp just eaten 2 large walls ($3M+) and bitfinex is out of $ at stamp. To be continued...
What are you on? Those 2500 BTC were market sold
November 26, 2013, 12:08:44 PM
There is really no explanation needed. Market wants up.
Why don't you buy some then? No one with actual money is on the buy side, that is why market is not going up despite your wish.
I'm pretty sure a lot of people are trying to buy BTC but have no idea how, pending verification on bitstamp/gox or are just not in china/usa/russia to buy them straight.
November 26, 2013, 12:08:14 PM
That wall at 900 is ridiculous. What's the point?
900's being a real cocktease.
I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.
Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).
Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.
Ah. I have Rampion on ignore. But he has a good point there. I think the same thing.
November 26, 2013, 12:06:00 PM
There is really no explanation needed. Market wants up.
Why don't you buy some then? No one with actual money is on the buy side, that is why market is not going up despite your wish.
Well, is not going down neither - in fact it went up since you sold your coins.
November 26, 2013, 12:05:54 PM
So your only serious if your blindly emotionally peeing your pants to the moon bullish, but if you compare some market trends and hint at being bearish your not?
-5 credibility for you.
-5 credibility for you.
I think the rule is that you're only allowed to subtract credibility points (CredPoints, if you will) from someone if you have any yourself. Sorry mate.
I think you'll find it's my credibility scale and I'll add and subtract where I want.
mccorvic: -2
Oh yea! Well maz: - infinity
check mate.
November 26, 2013, 12:05:49 PM
That wall at 900 is ridiculous. What's the point?
900's being a real cocktease.
I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.
Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).
Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.
Jump to: