LET LOOSE THE DOGS OF WAR
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31702. (Read 26723832 times)
November 26, 2013, 11:03:04 AM
LET LOOSE THE DOGS OF WAR
November 26, 2013, 11:02:52 AM
November 26, 2013, 11:01:47 AM
1
November 26, 2013, 11:01:19 AM
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.
November 26, 2013, 10:58:27 AM
And just as I was about to add further to the bull attack on rpietila by saying walls are fickle, so shouldn't be considered as much as cumulative asks/bids, the bitstamp ask wall looses patience like the previous one! 
edit: shameless patting myself on the back there. easy now
edit: shameless patting myself on the back there. easy now
November 26, 2013, 10:58:06 AM
China isn't moving because the Chinese are asleep.
China is down -5.7% over 3 days.
Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves.
We are also more than 2x ahead of the long-term trend, which is a very extended position.
Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+
Volume is low.
Ch00000000000000........
EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"
We all know you are praying for cheaper coins, Risto - just try to keep it serious, right?
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.
November 26, 2013, 10:58:00 AM
China isn't moving because the Chinese are asleep.
China is down -5.7% over 3 days.
Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves.
We are also more than 2x ahead of the long-term trend, which is a very extended position.
Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+
Volume is low.
Ch00000000000000........
EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"
Markets tend to trade towards size, not away form it!
who cares about 700 ? anyway ...
if on a drop , price gets rejected @800 that would be the last call before the Bulltrain takes off.. if that ever happens , its still a bulls party
November 26, 2013, 10:55:27 AM
China isn't moving because the Chinese are asleep.
China is down -5.7% over 3 days.
Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves.
We are also more than 2x ahead of the long-term trend, which is a very extended position.
Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+
Volume is low.
Ch00000000000000........
EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"
"2x" ? - thought you prided yourself on logarithmic analysis? Lost your tables?
November 26, 2013, 10:54:19 AM
explained above. 1/6 you misunderstood, 5/6 stand unrefuted.
November 26, 2013, 10:49:10 AM
China isn't moving because the Chinese are asleep.
China is down -5.7% over 3 days.
Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves.
We are also more than 2x ahead of the long-term trend, which is a very extended position.
Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+
Volume is low.
Ch00000000000000........
EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"
We all know you are praying for cheaper coins, Risto - just try to keep it serious, right?
There is a $5M wall on Gox at $800 - $12.2M till $700. That's 33% of the bids from $700 to the current price, that's a healthy depth.
On Bitstamp the situation is pretty much the same - aprox. of 30% of the bids are placed between the current price and $700.
So... That's a "lack of bids" in your book? Historically most of the bids have been placed from 0 to 50% of the price at a given moment. That's normal in BTC because everybody is trying to profit from the big volatility. Right now 75% of the bids are placed above 50% of the current price.
The bid depth is looking bullish no matter what, my friend.
November 26, 2013, 10:45:07 AM
Especially noteworthy is the lack of bids $700+
What do you mean by lack of bids? I see what looks like a healthy cumulative slope of bids $700+
In Bidstamp it's half the depth to $700 vs. to $1,000. But admittedly in Gox not. Did not check that.
November 26, 2013, 10:43:00 AM
Damn never thought LTC´s will go up that fast after hiting 9$ 
Would´ve been a good choice too to invest. People running to LTC because they hope they can buy in low as on bitcoin at the beginning.
Would´ve been a good choice too to invest. People running to LTC because they hope they can buy in low as on bitcoin at the beginning.
November 26, 2013, 10:42:38 AM
Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about?
About advising people that the price is unstable and it's not safe to invest too much in it during this time.
November 26, 2013, 10:38:52 AM
Especially noteworthy is the lack of bids $700+
What do you mean by lack of bids? I see what looks like a healthy cumulative slope of bids $700+
November 26, 2013, 10:38:48 AM
It was a minor bearish news.
Not a bear rampage news.
And , just thinking about that make me shiver.
Not a bear rampage news.
And , just thinking about that make me shiver.
With antici....
November 26, 2013, 10:34:50 AM
Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about?
About advising people that the price is unstable and it's not safe to invest too much in it during this time.
This is extremely bullish. You know how this works, and never fails:
1) when everybody says "it is a bubble" (like now on mainstream media), its because it's not.
2) when the "pro" financial advisors say "do not invest, this is too risky" (as they are saying now), it means that you definitely have to buy and hold
3) when everybody says "it is a new paradigm, best investment ever", the its a bubble that it is about to pop
4) when "pro" financial advisors say "get in, it is a safe investment", then it is definitely the moment to GET OUT
We are currently at points 1) and 2), the path to be followed is very clear.
November 26, 2013, 10:32:45 AM
Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about?
About advising people that the price is unstable and it's not safe to invest too much in it during this time.
Is that it!!! I thought it was going to be about shutting down the exchanges or something like that
It was a minor bearish news.
Not a bear rampage news.
And , just thinking about that make me shiver.
November 26, 2013, 10:31:55 AM
China isn't moving because the Chinese are asleep.
China is down -5.7% over 3 days.
Also the arbitrage is closed, which means that west will have to raise the price to $1,000 by themselves.
We are also more than 2x ahead of the long-term trend, which is a very extended position.
Bid/ask charts are quite tilted towards the latter. Especially noteworthy is the lack of bids $700+
Volume is low.
Ch00000000000000........
EDIT: the last one is pronounced: "irrational exuberance is running rampant in the forum, expecting price to rise based on previous rise"
November 26, 2013, 10:30:53 AM
Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about?
About advising people that the price is unstable and it's not safe to invest too much in it during this time.
Is that it!!! I thought it was going to be about shutting down the exchanges or something like that
November 26, 2013, 10:30:22 AM
Rocket remains fueled. Very silly to sell now with intent of buying back.
Agreed. Sweet spot to secure some profits for those who bought at low double digits or single digits, bad spot for those hoping to buy back significantly lower.
This train is headed to Alpha Centauri. Next stop, the moon.
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