Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31712. (Read 26608384 times)
November 21, 2013, 11:27:12 PM
November 21, 2013, 11:21:35 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
If you think this is a healthy precursor to a bull run, be my guest, but don't say I didn't warn you.
In fact the tape has been painted all the way up. Just go with the flow. There's no exuberance here, just a dream of what might have been.
Check http://blockchained.com/ , there is ATH amount of fiat on gox at 35MUSD. Only about 24MUSD was there during the April peak. So these money are pretty sure to be new money, not stucked goxbux
At the same time, only 27.5kXBT is for sale. Dividing 35M with 27.5k you have 1273USD/XBT
November 21, 2013, 11:21:30 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
I am pretty sure the bears are completely blind to the order books . . . Bid sums are at an ATH. 34.4 mil on Gox and 14 mil on Stamp! Every time I check there is another mil or two added. The new money from the exposure Monday has not even made it to the exchanges yet. Many of the twitchy sellers sold already. We need the bears though, so don't discourage them. Someone has to sell, or this will get real interesting real quick. So, this is definitely a bull trap, sell now before its too late and we drop back below $100
Where are you finding readable and up-to-date bid sums, please?
http://www.cryptocoincharts.info/
November 21, 2013, 11:19:56 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
If you think this is a healthy precursor to a bull run, be my guest, but don't say I didn't warn you.
In fact the tape has been painted all the way up. Just go with the flow. There's no exuberance here, just a dream of what might have been.
I think one could pick out several examples like this from the 1 month graph. They were merely corrections. Ask me on Tuesday and I would have said the price was going to be $300 - $400. But the recovery has been so robust and so fast, it's hard to not just see the last couple of days as a correction as opposed to the beginning of a downtrend.
I do consider myself warned however
November 21, 2013, 11:19:46 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
I am pretty sure the bears are completely blind to the order books . . . Bid sums are at an ATH. 34.4 mil on Gox and 14 mil on Stamp! Every time I check there is another mil or two added. The new money from the exposure Monday has not even made it to the exchanges yet. Many of the twitchy sellers sold already. We need the bears though, so don't discourage them. Someone has to sell, or this will get real interesting real quick. So, this is definitely a bull trap, sell now before its too late and we drop back below $100
Where are you finding readable and up-to-date bid sums, please?
November 21, 2013, 11:17:14 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
I am pretty sure the bears are completely blind to the order books . . . Bid sums are at an ATH. 34.4 mil on Gox and 14 mil on Stamp! Every time I check there is another mil or two added. The new money from the exposure Monday has not even made it to the exchanges yet. Many of the twitchy sellers sold already. We need the bears though, so don't discourage them. Someone has to sell, or this will get real interesting real quick. So, this is definitely a bull trap, sell now before its too late and we drop back below $100
November 21, 2013, 11:13:38 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
If you think this is a healthy precursor to a bull run, be my guest, but don't say I didn't warn you.
In fact the tape has been painted all the way up. Just go with the flow. There's no exuberance here, just a dream of what might have been.
November 21, 2013, 11:08:53 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
It's approaching an ATH on Bitstamp with a tonne of buy orders behind it and you're calling this a bull trap??
November 21, 2013, 11:05:38 PM
everyone has that funny feeling eh
so fuck, go buy some USD! not too much, don't crash the market
so fuck, go buy some USD! not too much, don't crash the market
November 21, 2013, 11:02:51 PM
i just sold (@530€)
so far, every time i bought or sold, it was wrong
and the price went opposite then expected
so you: buy!
so far, every time i bought or sold, it was wrong
and the price went opposite then expected
so you: buy!
I don't need to be a prophet to tell you now is an awful time to sell. Buy 'em back!
November 21, 2013, 11:01:53 PM
November 21, 2013, 11:00:33 PM
Bitcoin is being remarkably forgiving today -- a beautifully formed crash and subsequent bull trap peak, on lower volume. Get off at this station for some light refreshments before the moon shot. The next station is way back, and on fire.
November 21, 2013, 10:58:16 PM
i just sold (@530€)
so far, every time i bought or sold, it was wrong
and the price went opposite then expected
so you: buy!
so far, every time i bought or sold, it was wrong
and the price went opposite then expected
so you: buy!
November 21, 2013, 10:42:40 PM
I see this mistake a lot -- confusing adoption with first encounter. We are at the early majority for people learning about the existence of bitcoin, but the very very very very early adopter stage as useful technology.
Yes, adoption is what will really bring the price up not awareness and for that we need for bitcoin to be a success as a technology and not just as a toy for speculators.
November 21, 2013, 10:40:26 PM
I see this mistake a lot -- confusing adoption with first encounter. We are at the early majority for people learning about the existence of bitcoin, but the very very very very early adopter stage as useful technology.
ya thats what i'm thinking.
We are not even on that chart yet.
November 21, 2013, 10:35:37 PM
November 21, 2013, 10:27:38 PM
I see this mistake a lot -- confusing adoption with first encounter. We are at the early majority for people learning about the existence of bitcoin, but the very very very very early adopter stage as useful technology.
ya thats what i'm thinking.
November 21, 2013, 10:24:52 PM
I wish I had another $500k to invest in bitcoin right now.
This next leg up is going to be epic. Hopefully we bounce around for another week or so before it breaks out.
This next leg up is going to be epic. Hopefully we bounce around for another week or so before it breaks out.
It has already been epic. Somehow $1000 to $10,000 seems more impressive then $10 to $100. The distance is the same though.
$9000 = $90 now?
Not sure about that, but maybe it's so epic that even that math works now.
Of course. But same % doesn't mean same.
November 21, 2013, 10:23:47 PM
I see this mistake a lot -- confusing adoption with first encounter. We are at the early majority for people learning about the existence of bitcoin, but the very very very very early adopter stage as useful technology.
November 21, 2013, 10:21:54 PM
Only room for 4x growth?
Bearish as fuckkkkk
you sell now, ill spend little bits at a time at 3000$
Jump to: